
Consumer behavior has changed dramatically as new technology is introduced every year. As a result, advertisers have adjusted how and where they spend their dollars. We review these changing trends and how companies have adapted.
Before we get to far we need to find different Digital Marketing and Advertising products and their pros and cons. You are likely familiar with all of these, but we quickly and simply define them to properly set the stage for the rest of the course. Part 1 includes Social Media (Facebook, Twitter, etc), and Display or Banner Ads.
In Part II of this two part section we continue with Video Ads, Search Advertising, and OTT (Over The Top) Advertising.
Every ad campaign will fall into one of two categories; Awareness or Direct Response. However, these might mean different things to different people. Let's define what they mean in the context of digital advertising.
One of the main advantages of digital advertising is the ability to target your exact users. We explore the different types of targeting that is commonly available so you can figure out how to hone-in on your target audience.
You've heard of "Big Data" before, but what does that mean? Where do you get the data needed to target users? What companies are collecting and selling that information? We review that process in this section.
The below links have different examples of benchmark data from multiple sources. I recommend viewing each to get an idea of how much “benchmarks” can vary. I always recommend finding the proper benchmark for your exact product instead of trying to find an industry sample.
Performance Data:
https://conversionxl.com/guides/click-through-rate/benchmarks/
https://www.wordstream.com/blog/ws/2016/02/29/google-adwords-industry-benchmarks
https://www.smartinsights.com/internet-advertising/internet-advertising-analytics/display-advertising-clickthrough-rates/
https://performance-na1.emarketer.com/channel/58fe53add2670009840a9ef1/58f51e0a5ba4610f80aa08f6
https://www.sizmek.com/media/filer_public/4d/7f/4d7f3174-acaf-4cd8-8d9e-2ccbc2d72ee1/casestudy_040714_mobile_benchmark_infographic.pdf
Digital marketing products are sold on a different buying model from traditional media, and there are multiple ways to buy. We discuss these options so you can better understand how to price your inventory.
In digital advertising you don't just run media, you track how it performs and report that to your clients. We walk through some benchmark data so you get an idea of what to expect with different media types.
Now that you know pricing, benchmark data, and some client information it's time to build a proposal. I show you how to get started using some basic info and build out a media proposal template. You can download this template using the attached link.
Download the Media Plan in .xls format
So, you think you're ready to sell? Great! Let's talk about how to get started.
UPDATE: Just added Bonus section, How to Create a Facebook Ad Campaign. We walk through how to actually go live with your first social media ad campaign after selling it through to a client.
Over the past 5-10 years advertisers have shifted budget from traditional media (TV, Radio, Print, OOH) to digital solutions. During that same time frame consumer habits have shifted to spending more time on digital devices than traditional media.
Media professionals have had to adapt to these changing trends by not just changing their sales pitch, but starting to offer new digital products in order to compete.
However, if you don’t work for a digital company it can be confusing to figure out how to start selling digital ads. It’s not enough to just know about them, you need a plan to actually add these products to your sales tool kit.
In this course I’ll walk you through digital advertising basics and show you how you can start selling and executing digital ad campaigns TODAY. I’ll then show you how you can scale your local clients to regional and national deals, and how to take advantage of whitelabeled third-party solutions to scale your digital advertising sales.
Course Subjects:
Introduction: What we’re going to cover in this course
Media Trends: Review changing consumer and ad spending trends and how some major companies have adopted
Define Digital Media: Review each media type and their Pros and Cons
Social
Display
Video
Search
OTT
Awareness vs. Direct Response: How to identify the type of campaign your client needs to run
Targeting Options: How can we find our audience in a digital setting
Behavioral
Contextual
Demographic
Location
Data Platforms: What companies actually collect and sell data to digital advertisers
KPIs & Success Metrics: How should we define success for each campaign
Pricing Models: How to buy and sell digital ads (No more points and GRPs)
Benchmarks & Building a Proposal: Using Performance Benchmarks to determine client budget and create a proposal
Finding Clients: Who can benefit from digital advertising
Starting a Conversation: Open the doors with new clients and address their questions and concerns
Three questions that you can use to build a plan
Common Client Questions & Answers and how to respond
Expanding Your Reach: Get those first clients to increase reach and spend by scaling to regional and national deals
Self-Serve Platforms: Start executing campaigns with self-serve platforms TODAY
Google Adwords
Facebook Power Editor
GroundTruth Ads Manager
Going Pro: Using white-labeled solutions to really scale your business and offer more solutions to your clients.
Thank You: Recap and additional resources