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Buying online ad space - tips 


There are all sorts of tricks site owners and ad networks can play on advertising buyers to get them to part with their cash. 

It's a little counter-productive to mislead buyers as a failed campaign tends to not get repeat insertion orders; but some sites have huge advertiser pools to work with, so return business isn't a huge priority; or they are simply unscrupulous individuals who won't be around for the long haul.

Buying through networks

Buying ad space through networks can generally get you lower pricing, but at times the quality can be iffy as the networks deal with so many sites. If the networks' screening criteria is lax, your ads may appear on sites you really don't want your brand associated with. Additionally, the ads may be shown in markets where your product and services don't apply or are available. Before signing on with a network, ensure you know what sort of quality control processes they have in place and how much control you'll have over where your ads will appear.

CPM advertising

Often I look over media/advertising kits for sites and I have arrived at the conclusion that the more elaborate the kit is, one of two things is likely to happen when taking out a campaign based on impressions:

a) the advertising will cost an arm and a leg

and/or

b) the campaign will experience less than stellar results.

Buying CPM (Cost Per Thousand) ads based on what a site's own blurb says is a dangerous business. Ignore all the puffery. As long as you know the site attracts the type of folks you want to target, here's all you need to know.

- How many visitors a month and the sources of traffic
- How long do they stay on the site
- How many pages do those visitors view
- Where the ad will be placed

Knowing where they get their traffic from is very important - I can have thousands of visitors sent to my site tomorrow, but it will be junk traffic from redirect services. It can be hard to determine the quality of traffic, but running a query like this in Google:

link:www.example.com

.. will reveal some sources. If quality sites are linking to the site you intend advertising on, then chances are the traffic will be of reasonable quality too.

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Related: Click tracking software and tips

Newsletter/email advertising

Many ad buyers are enticed by huge circulations - but that can mean little if nobody bothers opening the newsletter or solo blast; so always ask about unique open rates. It's also a good idea to ask what type of subscribers are on the list - are they single or double opt in? Does the list consist of purely home-grown subscribers, or are some of the subscribers from bought list. A purely in-house double opt-in list is a better proposition as the people on that list would have confirmed their subscription - for that site. 

If you're looking to buy a list of leads from a list broker, be particularly cautious - learn more about buying/renting mailing lists.

Pay for performance

Where possible, avoid CPM ads altogether - pay for duration or performance, i.e. clicks; but even then you have to be careful as some of those clicks may not be what they seem. For example, one person may click your ad ten times in a single session, or "bots" could be doing the clicking; so be clear on what sort of clicks you'll be paying for and be sure you have some way of tracking those clicks.

Even the big networks and the best names in PPC experience a certain amount of click fraud - so factor in at least 10% of your being wasted when calculating what you can afford to pay and required ROI (return on investment).

Buying ad space based on duration

When considering whether to pay for a slot for X period of time, ensure your chosen slot won't be shared by others; or if it will be, by how many other companies and whether any of those will be direct competitors. 

Some sites display ads on a rotating basis - so while you may have a very visible position; it may not be such a great deal if you're sharing it with 50 other companies all hawking the same product. Also check to ensure that your ad won't wind up at the bottom of the page after a short time - "above the fold" or the first screen is primo advertising real estate.

Don't be afraid to haggle

If you look at the rate cards of many sites, you'll see the costs can be enormous. What they state the cost is and what you can actually get it for can be two very different things :). Many sites have inventory to spare, so they pad that out with 3rd party ads through Adwords or other networks. As long as you can pay more than what the "filler" ads are earning for them, you might pick up a bargain. It never hurts to ask for a discount on quantity or duration.

Recommended affiliate management software 
Used and recommended by Michael - Post Affiliate Pro.
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Consider an affiliate program instead

Personally, I feel the best pay for performance arrangement is via an affiliate program. While all sites will tell you how good, engaged and targeted their traffic is, the only real way for them to put their money where their mouth is, is with a guarantee (which they won't do) or a revenue share arrangement where they are paid only on the sales sent your way. 

However, if running an affiliate program is something you're interested in doing, you will have to ensure you have a great product, an attractive site, a good payout and that you're using solid affiliate software, because in that scenario, it won't be the site trying to woo you, but you needing to woo them. You'll need to do more legwork, but it can really pay off. Check out my articles relating to the recruitment and management of affiliates and what affiliates want.

Michael Bloch
Taming the Beast
http://www.tamingthebeast.net 
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