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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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

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?

How RTB Ad Serving Works

Programmatic RTB has become one of the leading technologies for ad serving for the last few years. To say it simply, RTB ad network reminds an auction, however, we are going to look at this process of ad serving in details for you to understand it better. As you could guess, Real-Time Bidding operates with the data here and now. In short, when a user comes to a website joined to a programmatic ecosystem something like the following happens: cookies read user’s characteristics (location, approximate age, interests, type of the device and browser), after which advertisers are bidding how much they are ready to invest in this particular impression, a winner with the biggest bid shows his ad. The process takes time while the page is loaded, everything is finished when the ad was displayed. It all begins again with a new visitor. Key benefits of RTB advertising First of all, the issue of transparency becomes one of the most important. Traditional ad networks are not so good at it, as fraud problem is quite common for them. While here each display can be checked and examined. Besides, an important financial point arises. Local companies even with small budgets can participate in promoting their goods and services, the same as websites where the audience is something like 1 000 visitors or a bit less. What does RTB Advertising Comprise of? There are several participants performing their strict roles to organize clear and high-speed process. SSP (Sell Side Platform) - a platform of automatic traffic sales for websites owners (publishers) with auction estimation of its cost. SSP acts for playgrounds and responsible for sales at the biggest price and auction winner defining. DSP (Demand Side Platform) - it is a place where advertisers (private individuals, agencies, companies) obtain displays from various advertising exchanges. Here advertiser’s interest is taken care, like buying impression at the lowest coast, obtaining real-time statistics about displays. Trading Desk - it can be compared with a dashboard. It is a place where RTB starts for an advertiser: he sets necessary parameters about desirable audience and budget limits. Online advertising network - it works like a third-party between publishers and advertisers. It unites platforms according to owners’ requirements and offers the best variants to meet advertisers’ demands. Ad Server - it is a technically complicated block that delivers special software for both parties involved in the process so that they can to run ad allocation and its optimization. It represents banners database and its features for ad networks. DMP (Data Management Platform) - this service was created to handle for audience targeting: analysis, segmentation, users’ anonymous profiles organization and using the information obtained for showing the ad required at this particular moment. Data Broker (Data Suppliers) - this service collects and sales to DMP platforms anonymous users profiles, including their consuming behavior, interests and other factors that help targeting to be more precise. The system uses cookies data, pixel tag, mobile and social media platforms identifiers, etc. Ad Exchange - it is necessary to establish a connection between advertisers and websites, traffic bidding is organized there. Ad Verification & Brand Safety - this block was created to deal with security issues, we need it for post-checking the ads, protect brands from banners that were created and posted in wrong manner, cleanliness of traffic, undesirable surrounding and so on. Why RTB Advertising is Popular? Programmatic is quite popular and it is often referred to as RTB. However, it is not the only variant of performance. Displays can be obtained for a period of time or as an amount. In this case Advertiser and Publisher communicate directly about pricing and other terms. Programmatic is used there as an ecosystem for effecting a transaction. Read Also: New Platforms To Explore In Advertising This Year Demand Side Platforms: Trends And Benefits.

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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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

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