New Platforms to Explore in Advertising this Year

Published on: 13 February 2019 Last Updated on: 13 September 2024

Each year is treated by marketers as a time to shed old methods and adopt new ones. This past year saw major upheavals in online search algorithms and privacy standards (to name a few). For average customers, this means less of the same annoying “tricks” used for summoning consumer’s cash. Marketing developers will need to come up with new strategies based on winning the buyer’s trust.

As e-commerce grows at an annual rate of 23%, the cost of digital advertisements will increase. These costs can be cut once marketers begin adopting revolutionary methods of ad placement. Listed below are just a few of the new platforms to explore in online advertising for 2019.

New Platforms to Explore in Advertising this Year:

Demand Side Platforms:

Purchasing ads couldn’t get easier with Demand Side Platforms. DSPs use supply-side platforms to streamline bidding and posting. The ad’s impression information is sent to the SSP for processing where it’s then matched to the highest bid within their algorithm.

Ad purchases take a few seconds; the same amount of time it takes to load a webpage. The program uses data such as demographics and visits counts for audience targeting. This ensures an ad will get only the highest exposure.

Dashboards:

Anyone with a YouTube page will notice the dashboard feature located in the “Creator Studio” section. This dashboard provides charts for the amount of time spent watching a video, the number of subscribers, and how many “Likes” and “Dislikes” it received. App developers have now been able to make this platform and make it a bit more streamlined.

Companies, like Sprout Social, are creating customizable dashboards attuned to a business’s specific analytics. All current data can be collected and calculated to generate presentation-ready graphics. Certain features even allow you to synch these dashboards with multiple social media accounts.

Wearables:

In an age where refrigerators can be smart, even the accessories we wear can have internet capabilities. Wearable devices like smart watches make accessing data less complicated as we move about our daily activities. Marketing agencies are abuzz with various methods to introduce wearable device and programs.

Wearable ads go hand in hand with blockchain technology. A block chain model can be used to authenticate user IDs and provide tokens to register them. Through the IDs, businesses will be able to track the user’s buying habits so online ads can be precisely placed and scheduled. These new features may even be used to gauge the customer’s personality traits.

Transparency:

News of hackers and trolls are causing consumers to hold off on accepting any offer from an online business. The more profitable a business is, the more it is held to the same light as government and relationships. That’s why it’s important to seek out transparent platforms for use.

Transparency is a virtue that many potential customers are willing to spend the extra dollar on. Areas that customers demand transparency on include company values, practices, and policy or pricing changes. Honesty, when answering questions and admitting mistakes, is the best demonstration of transparency.

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Seven Smart Ways To Manage Your PPC Budget

PPC is a cost-effective technique to help the business grow its brands and achieve higher profits as well as gain customer trust. When initiating a PPC campaign, the first thing is to look at your budget. The budget is the amount of money you would wish to spend on online advertising, whether to increase sales, boost brand awareness for acquisition efforts, or email sign-ups. There are several factors that are dependent on creating the budget: Lead quality. Visits frequency. Conversion rate. Cost-per-clicks (CPC) Your location. However, the success of paid advertising intuition depends on how well you plan. The effective implementation of an action plan in the budgeting process can assist you in uncovering the full potential of the business’s digital effort. Thus, in this article, you will discover methods to create a budget for your PPC ads smartly. Why Is Budgeting So Important In PPC? Whether you are a small business or a large part of the multi-national, it is integral that you set a budget for every PPC campaign that you run. This is because, without any clear budget, you would be spending far more than you should and will not be able to maintain any calculation for your cost-per-conversion. If you can face revenue loss and a significant dent in your finances, you can get assistance from PPC management services. If there is any budget mismanagement, it would cause your business to face serious financial ramifications outside the advertising. So, maintain a lid on your business spending and know where the money goes. Smart Ways To Manage PPC Budget Despite the PPC campaign being a great way of obtaining long-term growth and revenue, it is only successful if the ROI and budgeting are managed efficiently. Here is a list of seven smart ways to manage your PPC budget. 1. Ensure Using Historical Data The use of a spending projection tool offers valuable insight into projected spending. When you analyze historical and recent trends and performance, you can automatically calculate the projected spending range. In this way, you can monitor the spending all throughout the week and proactively identify the potential overspending, thereby ensuring that you stay within the desired budget limitations. 2. Allocate Budget To Enhance Performance You can find an optimization tool if you plan to optimize your budget. One is to optimize budgets, and the second is to optimize budgets across the platform. However, it is vital to note that Google ads and other ad platforms usually operate with budgets for campaigns and set levels, along with the shared budgets encompassing multiple ads. However, the use of optimization tools will assist in bridging the gap between the targets set month-wise and are commonly used by companies and the daily budgets required by the ad platforms. 3. Identify Best Keyword For Your Marketing Objectives Before you can identify the PPC budget, specifically for the search campaign, you need to place the search terms that the potential customers use when searching for products. However, this approach can be straightforward for businesses such as e-commerce stores; it can also get tricky if the product is a solution to a niche issue. Moreover, you can determine how to track the marketing dollar's effectiveness best. In addition to that, you can also focus on significant terms that have immediate purchase intent. When there is a high-intent keyword, it is likely to have an enhanced click-through rate and concession rate. 4. Prevent Overspending Through Automated Budget Control In order to automate your budget management, be flexible with the advertisement on Google. With the help of the application, you can check the updates every single hour. Thus, by setting up the script, you can automatically process the pause campaign keywords and label them when the cost exceeds the maximum. 5. Avoid Underspending The use of Budget Management Enhanced Script, you can effortlessly stay on track with the client’s budget target and make sure there is optimal spending without any trouble of constant panning and manual adjustments. When you combine the scripts, you can stop budgets from overspending and gain better control over monthly spending. 6. Estimate Your Profit You can use return on ad spend (ROAS) as an alternative to estimate digital advertising performance and record most marketers' tactics. You should estimate how to measure target ROAS. It is the ratio between the amount spent on an ad campaign and the total revenue that is bright with it. The decision of an ad campaign will generate revenue; you are required to estimate the customer’s LTV against the cost of customer acquisition for each ad campaign. 7. Run Your Planner Report You can use Google Keyword Planner, a powerful tool that allows you to refine the audience and budget. It also offers several options that allow you to look for new keywords and combine a list, forecast cost performance, get clicks, and show search volume trends and data. Summing Up Thus, it is clear that every business’s first approach should be to manage costs and be mindful of how and where they spend. Depending on several factors, which include the business goals, your preference, and ad spending. Therefore, when it is catered effectively, it can result in an efficient PPC campaign that brings in favorable sales units. Remember that pulling meaningful data can support your decision when working through these steps, either the historical PPC campaign or the insight gained from Google Analytics. Just ensure that you will use the right budgeting methods from the beginning to complete the work correctly. Read Also : Top 4 Reasons To Outsource White Label PPC For Your Business Organic Traffic Vs. Paid: Where Should You Focus Your Budget?

Instagram Advertising For Beginners

More and more businesses are using Instagram advertising to reach and engage with customers. Are you ready to hop on board? Whether you plan on handling it yourself or working with an agent who provides Instagram advertising services, it’s important to understand what Instagram ads can do for you. Learn more on how ads benefits your business. In this guide, we’ll cover: Setting up your Instagram Ad account Creating ad campaigns Targeting a specific audience Choosing the right ad format Monitoring the success of your ads But first, let’s chat about whether Instagram Advertising is actually right for your business. Is Instagram Advertising right for me? If you’re not sure if Instagrams ads will be profitable for you, ask yourself these questions: What are my business goals? Instagram tends to work best for businesses that want to build their brand, gather new customers, and convert people who have already made a connection with their business. What is the nature of your business? Instagram is an effective advertising platform for all kinds of businesses selling physical products or professional services. As a visual platform, strong brand imagery is crucial. Who’s your target audience? Although a wide range of people uses Instagram, the demographic is younger than Facebook users. Instagram’s advanced targeting features will help you narrow down your audience and reach the right people. How to set up Instagram Ads You’ll need two important things before you can start creating ads: Facebook Ads Manager account (since Instagram is owned by Facebook, you’ll be making all your ads through here) A business account on Instagram (only business accounts can run ads) Now let’s dive into the good stuff. Making your ads. In Facebook Ads Manager, you’ll be guided through a step-by-step process. Campaign this is where you’ll choose your objective. What do you want the ad to achieve? It could be anything from getting more store visits, reaching a wide audience, or gaining lots of engagement. Instagram breaks campaign goals into three sections: Awareness, Consideration, and Conversion Ad Set here you’ll pick the finer details of how the ad will run. That includes who you target, how long the campaign will run for, how much you want to spend, and where the ad will show. Ad Level now you can decide on what actually goes into your ad. The copy, the images, videos, colors, etc. It’s up to you to create ad content that is highly relevant and engaging for your audience. How to target the right audience with Instagram Ads The great thing about Instagram ads is that you get access to Facebook’s powerful targeting options. That means you can target people based on location, gender, age, job title, relationship status, etc. You can also target based on interests such as yoga, camping, cat owners, etc. Some cool Instagram targeting features include: Connections this feature lets you target people who like your page or friends of those people. You can even exclude people who like your page if you want to reach new customers. Custom Audience use this feature to reach people who have previously interacted with your business. E.g. visited your site, signed up for your newsletter, or watched your videos. Lookalike Audience this feature helps you target people who haven’t interacted with your business before but are similar to people who have. How much does Instagram advertising cost? Instagram advertising is a form of Paid per Click (PPC) advertising. This means you pay every time someone performs a particular action on your ad or sees your ad – it all depends on the goals you set at the beginning of your campaign. When setting your budget, there are two options: Daily budget set how much you want to spend per day the campaign is running. Lifetime budget set how much you want to spend over the whole length of the campaign. While you can start with a budget as low as $5 per day, you’ll want to come at your budget with a strategic approach. Think about your product, profit margins, and business objectives. At the end of the day, you want to find the sweet spot that gets you the best return on investment (ROI). Which ad formats perform best on Instagram? Instagram offers a number of visual-based ad formats. The ideal one for your business will depend on the nature of your industry, your target audience, and the objectives you want to achieve. Sometimes it takes testing out a few different formats to see what your audience responds well to. Single Image Link Ad Simple and straight to the point. This ad format works well if you want to get one clear message to your audience. Video Ad Show up to 60 seconds of video and captivate your audience with both visual and audio elements. Protip: adding captions can improve watch time. Carousel Ad Show multiple images or videos and link to different pages on your website. This is a good format if you’ve got a lot to showcase. Slideshow Ad Best for when you want to show multiple images. It’s automatic, so the user doesn’t have to slide through. Story Add Want to reach people while they’re watching Instagram stories? This format lets you use photos, videos, or a combination of both. How to monitor the success of your Instagram campaign All the data about your campaign is collected in Facebook Ads Manager. Some of the most important metrics to look at are: Impressions how many people saw your ad Clicks how many clicks your ad received Cost per action (CPA) how much you pay each time someone completes the desired action such as signing up for a newsletter or making a purchase That’s cool and all, but what’s so important about monitoring your campaigns? When you know the numbers, you can put more of your budget into the ads that are working and scrap the ones that aren’t. It’s all about optimizing your ads to drive up conversions and lower your CPA. Over to you If you’re just diving into the world of Instagram marketing, hopefully, you feel more confident having read this guide. Of course, there’s so much more to discuss – from utilizing hashtags to crafting a click worthy call-to-action and leveraging user generated content... But that’s for another day. Read Also: A guide to Running your Instagram Marketing Campaign Getting Familiar With The Types Of Instagram Contests New Platforms to Explore in Advertising this Year 6 Ways To Increase Real Instagram Followers Without Spending Money! How To Improve Your Social Media Branding By Getting More Instagram Followers And Likes

Best Ad Extension for Local Restaurant Chain

Which ad extension would you use for an advertiser who has a chain of local restaurants? Seller ratings Location extensions ✓ Sitelink extensions Previous visits extensions Correct Answer: Location extensions Explanation: To maximize the ad impact, you must use local extensions for an advertiser having a chain of local restaurants. These extensions encourage people to visit your business. For example, when someone searches for the best parlors nearby then the extension will show him/her the distance to the location, the street address, call button, and the clickable access to a details page for his/her location. What Are The Benefits Of Location Extensions? The main purpose of the local extension is to help individuals find their locations, the distance of the business, showing your ads with your address. Then, people can click on your extension to get further information all in one place. At the same time, this extension can include a call button or a phone number so that users can easily access your business. On the other hand, you can also set up location extensions in your Google Ads account and remove the same whenever you want to. Why You Need Local Extensions On Your Google Ads? There are various best practices for local businesses running paid ads on search engines. However, the most vital thing local businesses can do to increase their search advertising ROI is to turn on local ad extensions. Therefore, now let’s discuss the top reasons why you need local extensions on your Google Ads. i) They Impact Your Overall Search Ad Performance In addition to your quality score and bid amount, the format of your ad actually has a lot to do with your ad’s performance and placement. It is true that Google prefers ads that not only have the most relevant content but the best extensions too. Therefore, to boost your ad visibility, you need some useful extensions; here I am talking about local extensions on your Google Ads. At the same time, this ad extension gives you enough space to promote your business, such as your business hours, phone no., local address, etc. This will improve your conversion rates to a great extent. ii) They Encourage Mobile Users To Visit Your Business More than 50% of searches are conducted on mobile devices and your main focus should be on targeting mobile users. Your ads are no exception while you are optimizing all your search engine marketing for mobile search. Here, the main thing is that your ad extensions will drive much traffic and conversions to your website in the long run and this will result in the improvement of your investment returns. iii) They Help Your Ad Appear In Results Beyond Google Desktop Search The local extension of Google is needed for ads to visible local search results and Google Maps. This is very vital when users are searching for something on the search results. Which ad extension would you use for an advertiser who has a chain of local restaurants? More than 90% of customers use search engines to find local information and if you don’t use the same, you are truly missing out on a lot of potential leads for your brand. which ad extension would you use for an advertiser who has a chain of local restaurants? The Final Thoughts So, local extensions are the answer to your question Which ad extension would you use for an advertiser who has a chain of local restaurants? The reasons for the same are described above in detail and if you have any queries, then let me know below. Reference: https://www.certificationanswers.com/en/google-digital-sales-certification-exam-answers/ https://support.google.com/google-ads/answer/2404182 Read Also: Instagram Advertising For Beginners 8 Reasons Your SEO Campaigns Aren't Showing the Desired Results Benefits of Pay Per Click Services to Your Business

New Platforms to Explore in Advertising this Year

New Platforms to Explore in Advertising this Year:

Demand Side Platforms:

Dashboards:

Wearables:

Transparency:

Signs Your Traditional Marketing Campaign is Working

Demand Side Platforms: Trends and Benefits.

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Seven Smart Ways To Manage Your PPC Budget

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New Platforms to Explore in Advertising this Year

New Platforms to Explore in Advertising this Year:

Demand Side Platforms:

Dashboards:

Wearables:

Transparency:

Share this Article

Signs Your Traditional Marketing Campaign is Working

Demand Side Platforms: Trends and Benefits.

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

Related