Grow Your Business and Join MarketWorld Marketplace and Create Your Own Store front

Wednesday, April 24, 2024

Grow Your Business and Join MarketWorld Marketplace and Create Your Own Store front

HomeMarketing Strategies3 tips to maximize budget efficiency across media

3 tips to maximize budget efficiency across media

In an increasingly fragmented media landscape, making good use of your ad dollars is a tall order. Using a siloed strategy means you’re at risk of unintentionally reaching the same people more often than desired. This can lead to an ineffective use of your budget and poor user experience.

For years, we’ve seen leading brands improve the efficiency of their ad operations and media using Display & Video 360 as a way to unify their campaigns across inventory sources, devices and markets. Today, we’ll share these marketers’ three best practices with some of their latest success stories highlighting key features to unify their media. Display & Video 360 continues to future-proof these tools using a combination of advanced machine learning technology, first-party data signals and privacy-preserving APIs.

Plan and forecast reach in one place

This is where it all begins. Plans that take your entire media mix into account are inherently more accurate. And planning solutions that are tightly connected to your media buying platform can let you more accurately and quickly assess the potential reach of your plans. Display & Video 360 planning tools let you estimate the reach of your campaign across any type of environment or inventory source — including web, audio, connected TV (CTV) and even linear TV.

Reckitt is a global brand that found success optimizing its budget allocation for Airborne campaigns using Display & Video 360’s reach planning capabilities. Reckitt decided to diversify its media mix beyond traditional TV ads to boost its presence on CTV. So, it started looking for a planning tool that could account for CTV streamers. Harnessing Display & Video 360 forecasting solutions, the company estimated how much incremental reach could be gained by bringing together all its CTV deals — YouTube, Disney, The CW and Discovery — in the same campaign. The tool let them create accurate, custom media plans. By pulling insights like optimal spend and reach, Reckitt could compare the effectiveness of different campaign types. Armed with these insights, the company reached over 11 million CTV households within their core audience while keeping its spend under control. Reckitt also ensured these viewers weren’t duplicative with their traditional TV audience, generating 18% more viewers by adding CTV ads to their TV mix.

Combine various inventory sources in one place

I remember days when programmatic buying was just about serving standard display ads on the web. We’ve come a long way since then. Over the years, we’ve added access to thousands of publishers and all sorts of new inventory sources in Display & Video 360. For example, using digital out-of-home, brands can now reach people out in the real-world with the efficiency of programmatic technology. Today Display & Video 360 already partners with exchanges Hivestack, Magnite, Place Exchange, Ströer SSP, VIOOH and Vistar Media. These exchanges give access to large media owners around the world like Clear Channel Outdoor, Intersection, JCDecaux, Lamar and Ströer.

With more top media companies like Disney making their inventory available programmatically, connected TV advertising gives brands another exciting terrain to engage with their customers. Today 93% of ad-supported connected TV households in the U.S. can be reached with Display & Video 360, according to comScore. We’re also continuing to unlock top CTV inventory around the world. For example, you can now reach people watching Peacock, NBCUniversal’s ad-supported streaming service in the U.S. or Channel 4’s programming in the U.K. And all these top CTV placements can be purchased alongside other programmatic ads in a consolidated CTV workflow featuring parameters applicable to any source of CTV inventory — whether it’s Hulu, YouTube, Paramount or any other publisher. This TV-specific insertion order makes it easier to optimize for common goals or control ad frequency across your entire CTV media mix.

Source link

Bookmark (0)
ClosePlease login
- Advertisment -spot_img

Most Popular

Sponsored Business

- Advertisment -spot_img