When it comes to media planning and buying we all want to reach our target market with little or no wastage. Media is expensive – it often outweighs creative by 5 to 1 – and must be measured in terms of ROI (Return On Investment). While we’re seeing more accountability with MOVE (Measurement of Outdoor Visibility and Exposure) introduced early last year there’s still one media channel that wins hands down when it comes to measuring ROI – digital.
The two most exciting aspects of digital media buying for me has got to be Facebook Advertising and DSPs (Demand Side Platforms) allowing highly targeted advertising and minimising wastage. I’ll start with Facebook:
Facebook is seriously clever. Most people will know that when you fill out your profile – gender, age, location, relationship status and interests – you are providing Facebook with rich data that can be used to serve you targeted ads that suit your interests. Every time you ‘like’ a page you are also signalling to Facebook ‘hey I like this stuff’ and Facebook will allow advertisers to use this information and align you with brands that are suited to your taste.
Now despite what you’ve heard in the media Facebook is not actually handing over your personal data to advertisers and your security is NOT at risk – it’s just storing that data and allowing advertisers to set parameters for their ads. Seriously if you want to remain anonymous you can adjust your Facebook privacy settings or opt out of behavioral advertising here – but I’m yet to find someone who’d prefer to see ads that that they have no interest in, over ones that do.
Here’s some screen grabs showing you a few ways you can structure your Facebook Ad and target only those who might be interested in your brand (I particularly like what I call the ‘peer pressure’ ‘like tool which shows which of your friends like that page:
Now for DSPs:
Demand Side Platforms (DSPs) are changing the way online ads are bought and sold and has only just launched in Australia via Brandscreen. DSPs enable media buyers (and agencies) to bid and optimise across several exchanges in real time as well as manage the buy and creative placement of ads. As opposed to looking for an audience to deliver an ad to, DSP allows for people to be valued and targeted individually and anonymously and then be served a highly targeted ad. A bit like an online stock market for ads. Very exciting stuff!
Their website states: Brandscreen brings all the major exchanges within a single, self-serve buying platform, connecting you with Google DoubleClick AdX, Rubicon, AdMeld, Pubmatic, OpenX and ContextWeb. In Australia alone, Brandscreen is already seeing over 250 milion impressions available every day, covering over 2.3 million websites.
How are you measuring your advertising spend? It’s pretty complicated stuff so drop me a line at Brio Group if you’d like to talk more about getting more bang for your advertising buck.
Yours in behavioral advertising,