Tag: Chris Treadaway

Polygraph Media is Disrupting the Advertising Industry through Data and Analytics

Chris Treadaway, founder and CEO of Polygraph Media courtesy photo.

Chris Treadaway doesn’t chain smoke or drink cocktails all day at his office at WeWork at the Domain.

But he is living a Modern-Day version of Mad Men, the AMC TV series that dramatized the lives of ad men in the 1960s at a fictional New York advertising agency.

Today, Treadaway is involved in the rapidly changing advertising technology industry. He founded Polygraph Media, with the idea of bringing transparency through data to advertising in 2011. The company today has 10 employees and it helps large brands execute massive advertising campaigns on Facebook.

Previously, Treadaway worked as group product manager of Web strategy at Microsoft. And he was a co-founder of Startfor, a global intelligence firm, based in Austin.

In this interview on the Ideas to Invoices podcast, Treadaway discusses how Polygraph Media has created Internet advertising technology that drives traffic and revenue via Facebook advertising for customers like McDonald’s, Fox TV and Six Flags.

The company, which started out at the Austin Technology Incubator, is bootstrapped and raised a seed round of funding from friends and family. It is profitable, according to Treadaway and plans for dramatic growth in Austin. It is hiring, particularly software developers focused on advertising.

It hasn’t been all smooth sailing for Polygraph Media. The startup put in 11 applications to get access to the Facebook Ads API before it got access, Treadaway said.

Next, Polygraph Media put in eight applications to become a Facebook advertising partner. Facebook acknowledged the company as an advertising technology partner in December of 2016. It is one of 81 companies in the world. It is the only one that hasn’t taken institutional capital, Treadaway said.

“We’ve been able to achieve some very big things thus far and so now we’re growing the business very rapidly,” Treadaway said.

Along the way, Polygraph Media has pivoted a few times. Its first product was a local advertising system, aimed at small to medium sized businesses. It signed six newspapers as customers.

“We kind of got whacked by Groupon,” Treadaway said.

Groupon came into the market with a simple and elegant minimum viable product for customer acquisition, Treadaway said. So, Polygraph Media redefined its product around data and analytics. That pushed the company into the path of advertising and that’s where it found where it fits in the world, Treadaway said.

Its flagship product is called Commander and it is an interface into a data platform that enables large scale advertising campaigns on Facebook for big customers like McDonalds, Cheddars and others.

Through its Commander product, Polygraph Media helps brands go from spending $1 million a year on Facebook ads to $10 million a year, Treadaway said. Its platform handles all the complexity involved with that, he said.

Last year, Polygraph Media powered 3,200 stores worth of advertising for McDonald’s.

“People do not let us into McDonald’s very easily or another similarly sized company,” Treadaway said.

Polygraph Media must provide a lot of value to service those large customers, he said.

“These are investments to these brands” Treadaway said. “Advertising is no longer about throwing money at the wall and hope something sticks.”

For the past few years, Polygraph Media and Treadaway have focused on having an investment mindset. Treadaway must quantify how his company provides better returns than what the company might achieve on its own, he said. He’s able to do that through the company’s proprietary data platform, he said.

“Us entrepreneurs if you can think from an investor perspective about your decisions and to frame things that way you’re going to be in a better place,” Treadaway said.

Facebook has thousands of targeting permutations, Treadaway said. Polygraph Media can test different versions of an ad and find the right customers for the right companies to produce outsized returns, Treadaway said. That means more customers in the doors of stores buying their products and generating more revenue.

Facebook has 17 ad types that Polygraph Media taps into today, Treadaway said.

Being platform dependent on Facebook is a risk for Polygraph Media, but the company is actively pursuing ways to mitigate that risk, Treadaway said.

For more on the interview, download and listen to the podcast. Please rate and review the podcast on iTunes.

Polygraph Media launches Facebook data analytics software

Facebook has 900 million users generating gobs of public data every day.
Their comments or likes on Facebook pages can provide valuable insights for marketers.
But it’s often difficult to mine the data to sort through everything to find meaningful information.
That’s where Polygraph Media comes in.
The Austin-based startup this week launched its Polygraph Reports, which allows marketing agencies and brands to employ data mining and analytics for Facebook.
“We’re mining publicly available information,” said Chris Treadaway, founder of Polygraph Media and author of “Facebook Marketing: An Hour A Day.”
“Facebook probably represents the greatest opportunity for marketers to understand what the consumer is saying and what they want,” Treadaway said. “It’s creating terabytes of information everyday on what consumers are thinking and saying.”
Polygraph’s software collects data from Facebook pages and subscriber-enabled profiles, and produces more than 40 charts, graphs, and data visualizations to give marketers information about their marketing campaigns and strategies.
The service offers an alternative to Facebook Insights, which Facebook provides on its site.
Polygraph mines the source data that makes up Facebook Insights to give companies more information, Treadaway said.
“A lot of people are suspicious of Facebook Insights,” Treadaway said. “The numbers just don’t jive.’’
So Polygraph created an unbiased alternative by collecting and evaluating every social interaction that might take place on a Facebook page.
“We can tell brands who left a comment, what time did they do it and what did they respond to,” Treadaway said. There’s a ton of informational content that can be boiled down into what did all the women say, what did all the men say and how many interactions take place within an hour of a post, he said.
One of Polygraph’s biggest competitive differentiators from Facebook Insights is that brand cannot get information on their competitors. With Polygraph reports, they can, Treadaway said.
“Facebook is the largest self-contributed database of information that the world has ever seen,” Treadaway said.
Polygraph brings data mining, analysis and reporting tools to anyone who wants to analyze business to consumer activity on Facebook. The software shows marketers how their Facebook marketing campaigns and strategies work based on data.
“The data doesn’t lie,” Treadaway said. “The data tells a lot of things that you’re trusting people to tell you. I trust the data more than I trust some self-interested consultant. If they have bad numbers, do they want to share them?
Founded in 2008 as a couponing site aimed at small businesses, the company originally raised $235,000. But it has since shifted its business to the data mining space. Polygraph Media has five employees. In June, the company will begin its push to raise venture capital to expand its development team.
“We’ve all heard how if Facebook were a nation, it would be the third largest country on Earth. So it’s common sense that brands have focused so much attention here,” Brad B McCormick, principal at 10 Louder Strategies and a former senior digital leader at Ruder Finn, Porter Novelli and Cohn & Wolfe global agencies, said in a news release. “But just because a company can be on Facebook doesn’t mean they know how to be on Facebook and measure success. Acquiring Facebook “likes” is just the first step for brands. Ongoing engagement that builds brand equity is the holy grail of Facebook. But all too often today, brands and agencies are measuring success with empty platitudes and without data or relevant benchmarks,” McCormick continued. “Polygraph Media offers by far the most robust Facebook analytics I have ever seen. It not only gives brands new insights into their own performance, it allows them to compare each of their KPIs against their competitors, in real time. It’s a game changer.”
Later this year, Polygraph will launch data mining tools for Twitter, LinkedIn, Youtube and other sites.
Already, more than 25 brands, major agencies and consultants use Polygraph reports. It is offered as a software as a service model. Pricing is based on the size of Facebook Pages that are analyzed.
“The launch has been really successful. We’ve had good response to our pricing,” Treadaway said. “People have picked up from the data that they can do all kinds of creative things.”

© 2024 SiliconHills

Theme by Anders NorenUp ↑