Who pays a CPM for ad space anymore? A decreasing number of advertisers.
With the advent of Google AdWords, which allows businesses to pay for online advertising only when a consumer clicks an ad, a new era was ushered in where businesses no longer were restricted to purchasing ad space on solely a CPM Basis. This new era is the age of performance-based advertising, where how the ad performs is tied very closely to the cost of the ad exposure itself.
From our print corner of the world, we’ve seen this change happen gradually over the last decade. When we started, CPM was the only way to buy and sell newspaper and magazine advertising. Now, an increasing number of options are available, both in print and digitally. MediaBids offers a unique Performance-Based Print Advertising program, where we place newspapers in print editions of newspapers and magazines on a pay-per call or CPA basis.
Pay-Per-Call – Pay-per-call is becoming the marketing model of choice for advertisers who have call centers that can convert and/or are good at lead nurturing. Networks are popping up everywhere that promise businesses phone traffic on a pay-per-call basis – mostly focusing on mobile calls. Some of the big networks are Ring Partner, Call Marketplace, and Click2Call Network.
Pay-Per-Click – Google, Yahoo, and Bing are the granddaddies of the pay-per-click ad space but Facebook, LinkedIn and other Social Networks are offering their own platforms that provide very granular audience targeting.
Performance Guarantee – In TV and Radio, a few performance-marketing agencies exist that work on a blended performance model – often packaging a results guarantee with an upfront cost. A few companies we work with often are Barrington Media Group, who is in the radio advertising space, as well as Mercury Media, who is in the TV space but but also handles other mediums.
For advertisers, it is an exciting time where more options are available than ever before to minimize the risk of ad buying. For publishers, if you’re not thinking of how to offer a performance-based advertising model for your properties, you should be.
Post by Jess Greiner.