Display & Programmatic
The three types of programmatic media buying
Real-time bidding (RTB)
This is when the inventory price is decided through buying and selling ads in real-time. It’s also called an open auction, as it’s open to any advertiser or publisher. When someone enters a website that sells online ads (e.g., news sites), the ads on the page are listed for sale on a virtual auction. Every interested advertiser has the opportunity to buy this ad space by placing a bid. Depending on your strategy and the person behind the screen that triggers the auction, you might be willing to pay to win and thereby have your ad served. This process (RTB) is what defines which ads are served to whom. The price per impression is defined by your and competitors’ bids and will vary from auction to auction.
Private marketplace (PMP)
As the name indicates, this type of bidding is not open to everyone. This marketplace is only for a limited audience of advertisers selected by the publisher who makes their inventory available for a selected group of buyers. This is often more premium ad space and comes with a higher cost. The benefit to the advertiser is that there is often a higher value to the ads that you buy, as the website might have access to an exclusive audience, allows for better and bigger ad placements etc. Like RTB the cost per impression will fluctuate.
Programmatic direct
In this type, auctions aren’t held. The inventory will be sold at a fixed price, also called Cost per Mille (CPM), to the advertiser. This is especially useful for when you have a trusted publisher that is a must-have on your media plan. This could be industry-pages for your niche, contextually relevant pages etc.
The formats of display advertising
Standard display formats
This is when the focus is on reach and frequency. Also, these are probably the ones you know best and can be found on most websites. The key here is high frequency and many exposures, so your brand is top of mind when the next sales opportunity arises.
Retargeting & Custom Intent
As part of the low-funnel initiatives, we recommend platforms such as StackAdapt or Google Display Network for retargeting campaigns and custom intent. Through this, we can enrich our ad purchases with Google's data and learnings from our Google Search ads. We are a Google Premium Partner, which means we are recognised for maximising our client’s campaign success and driving client growth by maintaining their campaigns.
High-impact formats
High-impact formats are advertising formats designed to capture viewers’ attention and make a strong impression. These formats are typically larger in size and strategically placed on the top pages of a website. They often include large banner ads, interstitial ads (full-screen ads that appear before the content), and overlay ads (ads that appear on top of the content). These formats have a larger visual presence than standard banner ads, which increases the likelihood of catching the viewer's eye. The goal of using high-impact formats is to ensure that visitors notice, remember and engage with your brand.
How to target your audience
There are several methods for targeting your audience and ensuring that you don’t waste your advertising budget on people who will never buy your product or service. The below section will introduce the most-used methods to give you a broad understanding of how this advertisement space works – if you’re still in doubt after reading this, feel free to reach out to us via this form.
Glossary
In the world of advertisement, we love acronyms and esoteric words, but can sometimes be confusing if you are new to this. The below glossary aims to cover the most-used abbreviations.
- CPM – Cost per Mille: This is the unit that is used to describe the cost of 1,000 impressions
- CPC – Cost per Click: Used for describing the cost of each click on your ads.
- CPA – Cost per Acquisition: Describes the price you pay to acquire a new customer
- CPL – Cost per Lead: Describes the price you pay to acquire a new lead
- Imps – Impressions: Describes the number of times your ad was shown
- CTR – Click-through Rate: Describes the rate of clicks per impression served
- CTA – Call to Action: This is the action the advertiser wants to do, and is usually shown as a button within the ad. Examples are; "read more”, “buy know”, “sign up” etc.
- COV%/CVR - Conversion Rate: Used interchangeably and describes the rate of which your ads have generated a conversion on your website. Can either be calculated as conversion rate per impression or conversion rate per click, so be careful to fully understand this if you receive a report from a team member or agency and this is used.
- RTB – Real Time Bidding: Describes the method of buying ad space online. This is done every time a website is loaded from the time the user hits enter in the browser to the site is loaded and decides which advertiser can show which ad to whom – and how much it costs.
- PMP – Private Marketplace: Similar to RTB but private – only certain programmatic platforms or advertisers can participate in these auctions as opposed to RTB which is publicly accessible.
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