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šŸ’¾ Googleā€™s AI Overviews: There goes the neighborhood!

The launch of Googleā€™s ā€œAI Overviewsā€ has a lot of marketers and advertisers worried

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šŸ“¢ TOP STORY

It seems like Google is about to be reminded that ā€œthe Midas touchā€ eventually became less of a blessing and more of a curse.

As Google launched ā€œAI Overviewsā€ this week, publishers and retailers began to ask the obvious question. What will the new feature do to referral traffic?

The folks over at Axios were quick to point out that the feedstock for Googleā€™s overviews is, in most cases, user-generated content. They took a minute to wonder what will happen over time as Googleā€™s overviews become a disincentive to new content creation.

For advertisers, the most troubling aspect of the new feature is that they can expect to pay the same amount for search advertising even though they know their content will appear below Googleā€™s free summary. 

Any efforts that Google makes to soothe these fears will have a steep hill to climb. The testimony from Googleā€™s antitrust lawsuit has had time to work its way through the grapevine. Letā€™s just say that ā€œtrustā€ has become an issue.

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šŸ“° THREE HEADLINES

Google's announcement of new AI features for search last week at Google I/O 2024 serves as a wake-up call for SEO and marketing professionals. They highlight the shift away from traditional keyword-centric strategies to a focus on brand storytelling and AI adaptation. 

As Google continues to innovate with its Gemini AI models, marketers are urged to rethink their approaches in the evolving search landscape.

YouTube is expanding its Creator Takeover option to more creators. This programme allows brands to collaborate with top YouTube creators, enabling them to have a 100% share of voice on the creators' channels. 

This move aims to leverage the strong connections between creators and their fans, providing brands with a unique advertising opportunity.

Despite the popularity of social media, the buzz around AI and some game-changing algorithm updates, Google is still the primary source of website traffic. Google sends up to 70% of all referral traffic while everyone else picks up (or gives out) the scraps.

The Value Proposition Canvas approach forces us to imagine our customer segmentsā€™ mindsets and rationally think things through. As SEOs and content marketers, we can leverage this approach in the age of helpful, people-first content as we seek to map value-based solutions to prospective customersā€™ searches.

šŸ¤æ DEEP DIVE

Wondering how other marketers are using social media? Want to be sure your strategy is headed in the right direction?

Find out what professional marketers plan to do with their organic activities, video marketing, ads, and content mixes over the next year in the 16th annual Social Media Marketing Industry Report.

The report provides insights into the latest trends, challenges, and strategies in social media marketing for 2024

Want a look at what the future holds from a broader perspective? Check out the Digital Advertising Market Overview from OpenPR.

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