September 2008

    

Internet Media Buying: A First-timer's Guideby Steve Lionais

So you’ve finally got approval to spend some of the marketing budget on the Internet. If you’re asking yourself where and how should I spend the money - I’ve got a primer on the two most popular (and effective) options available.  
 
Pay-per-click Search Marketing

PPC campaigns can be an extremely effective way to drive targeted traffic to your website. Essentially you’re buying sponsored links on the search results page of various search engines.

When running a PPC campaign you should frst extensively research the keywords you want to target. Pricing for your buy is based on a bidding system, so the more popular your keyword the more you’ll pay for each click. You’ll have to balance the search volume of your target keywords with the minimum bid cost and your budget. You’ll also have to consider where you want your ad to be placed and how much you’re willing to pay to get it there. Generally, the highest bid for a particular keyword gets the best ad spot.

Banner Advertising
Purchasing banner ad space most commonly occurs via a direct buy with the website or through an advertising network. Ad networks are a great way to gain reach for your campaign without having to deal with hundreds of different websites. Buying direct tends to be more expensive but allows you to be more creative with your campaign execution and will give you access to premium ad inventory.

Finally, you will have to source the appropriate creative, ad copy, and banner sizes for your campaign. Most websites follow Internet Advertising Bureau (IAB) standards, which will help limit the number of ad sizes you need to produce. Carefully plan your buy; production costs will rise dramatically if you try and cover all the options.

Common Pricing Models
CPM – Cost Per Thousand impressions, the ‘M’ being the Roman numeral for thousand. Most Internet display advertising is sold in this manner.

CPC – Cost Per Click. You only pay for each click that is generated by your ad. CPC ads generally cost more, but you’ll know you’re not paying for impressions that aren’t generating traffic.

CPA – Cost Per Acquisition. You only pay for customers that complete an action you desire (buy something, sign-up, download, etc). This model can be effective if your campaign has a very specific and measurable goal.

Manage Your Campaign
Because of the dynamic nature of the Internet you should measure, monitor, and tweak your campaign in mid-flight. In fact, a well-managed buy can and should make significant gains in effectiveness over the course of the campaign. Through a process of trial and error you can tweak the ad copy, bid levels, target keywords, and ad locations to maximize the ROI.

Feeling a little overwhelmed?  ISL can help with your Internet media buy.

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ArchiveD Issues 
November 2011: Tips for choosing an eCommerce solution, LinkedIn company pages, Events as goals
July 2011: What are QR codes, In-Page Analytics, SEO and social media
October 2010: business objectives & emarketing, choosing web content, websites & social media
July 2010: value of website experience, CANSPAM Act, PPC vs. SEO
April 2010: website versioning, anatomy of an email, hold your emarketing campaigns responsible
Winter 2010:
ungoogle yourself, new goal setting in Google Analytics, cleaning up your website
November 2009: wading into Internet marketing, get LinkedIn, greater intelligence from Google Analytics
Fall 2009: Facebook for your business, website analytics, social media trends
August 2009: YouTube for your business, Intranets, benchmarking in Google Analytics
July 2009: choosing a web provider, photo selection, how to use site search
June 2009: hyperlinks, SEO basics, web governance
May 2009: monthly commitment, online business models, designing for scroll
March 2009: internet junkie, dropdown menus, benefits of online measurement
Winter 2009: website resolutions, facebook etiquette, visitor stats
December 2008: social media, campaign performance, PPC ads
November 2008: web marketing, keywords, A/B testing
October 2008: usability, bounce rate, website performance
September 2008: ROI, link building, PPC campaign
August 2008: mobile friendly, top content, corporate blog
July 2008: website = asset, emarketing, can-spam
June 2008: web 2.0, google analytics, landing page