Programmatic advertising is defined as an advertising technology in which online user data is used and media purchase processes are automatically completed, focusing on the data. While predictions, face-to-face meetings, and possibilities come into question in the conventional purchase method, transparent purchase processes, and practicability come to the forefront under the light of algorithms in programmatic advertising.
Investments on the programmatic advertising which is becoming more popular every passing year are thought to reach 39 billion dollars in 2018 in the United States. In addition, it is foreseen that B2B companies which are slow on the uptake of the programmatic technology compared to B2C companies will speed up the adaptation process in 2019. So, what qualities of the programmatic advertising which is one of the most emphasized subjects in the world, particularly for the last several years make it different than conventional methods?
As technology develops with each passing day, advertising channels and marketing practices continue to evolve accordingly. This leads to the introduction of many different new concepts into human life. Advertisers, marketing experts and, of course, other professionals in the digital advertising ecosystem are also required to follow all these concepts and be familiar with their meaning.
To be familiar with basic digital advertising terms can also be a great advantage for advertiser brands to manage their processes. Because in this way, it becomes quite easy to decide which practice to continue with, for what purpose and in what situation. Here are 10 digital marketing terms that are of great benefit to know by advertisers…
Retargeting is used for interacting with online users who visit a website but do not convert. It is possible to win back users who left an online platform with retargeting campaigns. Moreover, researches indicate that retargeting campaigns are clicked 10 times more than display ads.
This is because users who see retargeting ads often tend to revisit that brand’s website since they are already familiar with the brand in question. However, there are some important points that must be taken into consideration in order to carry out successful retargeting campaigns. Here are 3 important steps that you should take for winning back users who did not take any action during their first visit to your website…
Marketing activities play a crucial role in the sustainability of a company. Marketing activities that also cover traditional and digital advertising activities help companies to reach their target audience, to earn the trust of these audiences and to enhance sales. Nevertheless, a considerable number of companies do not allocate sufficient budgets for digital advertising activities. And since this affects the efficiency of all marketing campaigns, most of the time the efforts do not result as anticipated.
At this point, companies’ examination of their general resources and decision on how much to allocate for digital advertising activities among marketing items becomes of importance. After preparation of an efficient budget plan in line with company’s needs, the only thing left to be realized would be determining marketing activities and taking action. Here are the steps companies should take in order for preparing a realistic, balanced and applicable digital advertising budget…
Programmatic advertising technology presents itself as one of the most frequently cited concepts in digital advertising ecosystem over the last few years. Despite the ever widespread utilization of programmatic advertising that is thought to make ad buying processes become revolutionarily practical, there are still many points of concern over the concept. In order to clarify these points, it is possible to gain basic insight on the concept by comparing traditional ad buying methods with programmatic advertising.
The main difference of programmatic advertising compared to conventional methods could be stated as automatic -thus rapid- maintenance of media buying processes by real-time analyses realized with the help of technology. Messages advertisers intend to deliver their target audience through ads can thus be delivered at the most appropriate time, in line with matches between online platforms and real-time data. So, what makes programmatic advertising stand out among all the other media buying methods that have been practiced for many years?
Cross-device targeting has been a hot topic in advertising for the past few years. Marketers embrace a more holistic audience view and want to target, measure or engage a single person across all their digital devices. The reason for this attention is the increase in the number of consumers who use multiple devices at the same time.
According to a March 2016 survey by Econsultancy, 75% of marketers in North America mentioned “matching customers across multiple devices” as digital priority. Only 14% of the marketers in the same survey said that their company can handle such matching, indicating a gap of 60 pts between digital priority vs capability.
In a world of rapidly increasing multi-screen usage, 360-degree view of the consumer has become crucial for effective marketing. Marketers want to be in touch at key points on the customer journey. In order to do this, they must be able to map people across their devices. For example, a consumer can make product search from his/her tablet, then makes the purchase from his/her laptop and makes no action for that product from his/her smartphone. If there is no cross-device targeting identification capability; these three devices will be treated as three different users and digital marketers will target three different users with different digital marketing strategies. They may recommend the same product that the consumer already purchased from laptop which will lead to inefficient campaign management.
So, cross-device identity management is at the core of data-driven advertising. Most digital marketing companies take the data they have and use an algorithm to map users. The advertising companies that are strong in data-driven advertising will have a competitive advantage in this process.