Tracking Publication Performance Results

MediaBids publications’ results come from several sources of raw data sets.  On a monthly basis, we collect the reports from the various places, align the data, reformat it, clean it up, and tally the results before uploading the final monthly results to our site for publishers.

What kinds of results are there?

We have three types of campaigns, but they can be a mixture as well. 

              Per Call – paid on the phone calls

              Per Sale- paid on verified sales

              Per Lead- paid on collected customer contact information

Per call campaigns, our most popular type, base the payable result on call criteria.  Typical call criteria are: call length, calls during business hours, calls within a region or zip code, and or calls that press a number to reach an operator.  Most advertisers want a caller to be on the line for one to two minutes before they consider the caller legitimate.  The Invoca platform allows us to disqualify calls which fall outside of the advertiser’s call center hours, but not all require that feature if they are collecting the callers’ numbers and calling them back.  Calls can also be qualified by a key pressed zip code or simply by the caller’s the area code, and or their exchange.   Phone numbers consist of 4 parts:  the 1-digit country code, a 3-digit area code and 3-digit central office or exchange code and a 4-digit subscriber or extension number.

Per Sale campaigns are actual sales.  Sales are determined by the advertiser and we receive monthly reports of sales for our publications.  Some of these will be set on a percentage of the sale and others are a flat rate.

Per lead campaigns are those where a customer’s details are collected during a call or via a landing page.  These are Web Leads and Post Backs.  Some advertisers use URLs/QR codes in their ads which send readers to an online lead form which collects their information on behalf of an advertiser, and then that lead information is automatically sent to the advertiser as raw data.  Those lead forms are part of the backend of the Mediabids.com system. We built and house many of the lead forms in the ads, while other leads are gathered and stored on the advertiser’s site, which then sends us as a post -back notification of a lead conversion.

Some campaigns use some deeper tech and robots listen to calls for key words that trigger a “sale”.  These are called Signals.  We use these on Omaha Steaks and on Physicians Mutual Dental.  HIPPA laws prevent recording calls for some campaigns, like the dental campaign, which is why robot ears are a fitting option for counting calls where a person took the step to sign up for the insurance.

When are final reports ready/available?

Monthly reports are available on about the 3rd business day of the month. Sometimes we run into obstacles like a big advertiser running late with their reporting to us.  Rather than report incomplete results, then report stragglers as they come in, we wait to send one complete report.  When they are complete, an automatic email is sent to all publications with active ads. 

What’s in the monthly report?

The emailed report will show you top performers and the total due to you, but if you want more information, you can hit the link in the email to the full report or log on to your account to see how much each of your active ads generated.  The reports are downloadable to excel as well.  Full reports show the monthly total, each active ad, how many qualifying responses it had and the total amount generated for each ad.

Why are my weekly totals not matching this monthly report?

Publications are emailed weekly automated traffic reports for their ads.  The automated reports give call counts and result counts for basic pay per call campaigns.  The weekly reports do not however take into account the per sale results or web-based results.  They also do not take into account the hiccups that come from phone numbers being hit with the latest SPAM.  Your monthly reports contain final payable total results. 

How do you know what calls are for my publication?

Your ads contain unique identifiers, mostly phone numbers and in some cases URLs and they are procured just for your publication.  We rent each phone number for the publications and the URLs are given unique codes from our advertisers.  These are both tracked back to your publication.  We rent phone numbers in bulk from the Invoca platform, which was somewhat recently bought by Salesforce.  The Invoca platform is integrated via API with our own custom platform which is a continually evolving system established more than 20 years ago by our inhouse developers lead by our forever CTO John Carril. Much like Invoca, our technology grows and reacts to the ever-changing requirements of the industry as a whole. . 

What is done about junk calls or SPAM, does it affect my results?

The leads are the easiest place to spot spammers.  It’s unclear what they get out of it, but you can always count on some bot or person submitting a bunch of leads with details like:rcvbe7632rwihngdvm.  Our technology inspects incoming leads requests for a variety of indicators and filters most SPAM/BOT generated leads before they even enter our system. However, the few that manage to slip by our defenses are then hand removed.  The calls that are spam are blocked by a few methods.  Some have an IVR which requires callers to press a random number to reach an operator, another asks for a zip code, and many spam calls only last 21 seconds so they never reach the qualifying call length.  There are from time to time, publications that attempt to rack up results illegitimately too.  We don’t want to give anyone ideas, but we’ve seen and delt with some sketchy people.  They are quickly delt with and removed from our system.  For all the legitimate calls, the tech built into Invoca automatically tags a call as payable if it meets the criteria as a result.  Criteria like: call length, did they press1, are they calling within the region, did they call during business hours, have they called in the past 30 days and already qualified as payable.  When the automatic spam blockers are breached, we look closer and may listen to the recorded calls. 

What details about a call are collected by the call platform?

Call Start TimeTime stamp for the time of call EST
Call Record IDUnique call id
SourceThe phone number in the ad
Promo Number DescriptionYour Ad number in our system
Original PublisherYour publication
Original Publisher ID (From Network)Your publication’s ID in our system
Call Segment PathAdvertiser
Final CampaignAdvertiser’s preferred end point for your call, can be by region or by type of ad (classified vs display
Total KeyPressesWhat numbers did the person press during the IVR process
Destination Phone NumberWhere the call is connecting to
Total DurationHow long the person was on the line total
Total Connected DurationHow long the person was on the line and connected to the system
Total IVR DurationHow long a person waits in an IVR to get to an operator
PaidAmount you get paid for the call
Payout ConditionsThis tells us which qualifiers were not hit to make a call payable
CityCity
RegionState/Provence
Repeat CallerThis is how we know if the caller has called in the past
Caller IDThe caller’s number
Phone TypeCell or landline
Signal NamesThis is where custom signal can be added to automatically tag a call based on what robots hear on the call
End of Call ReasonSometimes a caller hangs up, sometimes the call center does
RecordingA recording of the call, if applicable.

What kind of information can MediaBids derive from the data?

We have a great deal of information at our fingertips.  Advertisers have access to all their call data.  Publications can see how many calls they have had and how many converted to a payable result.  But if you look at that long list of attributes we have for phone calls, and then add to that the list of attributes we have about publications, there really is quite a bit of data we work with.  Publication attributes include things like: circulation, location, distribution, format and frequency.  But there are also attributes for the individual ads you request like: size, color, start date, ad type (classified, display).  On the advertiser side, attributes are things like: category or audience and industry.

Most publications have multiple versions of an ad and run what works for their space.  Because we do not stipulate when or how often a publication should run an ad, some statistics can become best guesses.  For instance we can guess that a publication ran an ad on a day where their phone number had call activity.  But depending on the ad and the publication, running an ad doesn’t necessarily mean calls are generated.  We also do not know which size/color ad a publication ended up running. 

We all depend on publications having a strong presence in their communities.  We depend on readers being compelled to take action by calling an ad they are interested in.  MediaBids constantly works to ensure that advertisers are doing their part to hook readers and pay top rates for the business brought their way.

Not already registered with MediaBids? We’d love to work with you! Reach us at Mediabids.com, info@mediabids.com or call 860-379-9602.

Featured

Should I Only Run Campaigns with the Highest Payouts?

If you are considering which per-response ads to run and are only looking at the payout, you are missing the bigger picture. Considering price and demand are equally important factors when picking ads and will yield more revenue for your publication.

Factors to consider:

Is the product being advertised right for your audience?

How many of your readers are likely to need and afford the product or service being offered in the ad? Is the product universal? Is it useful only for homeowners? Is it something for a specific age group?  We have several categories of advertising campaigns, but our most lucrative are: Senior Home Improvement, Food, Senior Health, Telecom and Employment etc. Travel has been on again off again.  Who is reading your publication and what do they want/need? What can they afford?

Is the payout made on a sale or on a call? 

The payout on an ad, is a term we use to describe the amount that an advertiser is willing to pay for a measurable event. For many per-response campaigns, a payable event is a phone call that lasts longer than a defined minimum time-period. Other campaigns are per-sale, which means that a payment to a publication happens when a consumer makes a purchase using one of the tracking items in an ad.

Why are payouts so different?

There is an enormous difference in the payouts that are offered in per-response campaigns, they can range in price difference from single digits to hundreds of dollars per response. Usually, what determines how much is being paid is the cost of the thing that is being sold. If a product is very expensive, the anticipation would be that the product would have a higher payout. However, the same factors that allow an advertiser to offer a higher payout also inhibit overall response. In other words, very expensive items or services are less likely to receive a high volume of response than lower price offerings, this is just economics and not unique to newspaper advertising.  

How much is the payout per qualified response?

Response programs pay a per response rate, but the more response you receive, the more money is earned.  If a very high payout item receives no response, it doesn’t matter how much it pays because no money will be earned. Therefore, it will generate more revenue to pick a campaign that is going to get solid response at a lower rate, than a campaign that is going to pay get little response at a higher rate.

Understandably, the first thing that many publications look at is the payout.  Naturally, it would be nice if there were campaigns that were both very high price and very high volume and, occasionally, we do find these. However, when considering which campaigns to run, don’t just look at the price.

If you would like to discuss how to choose which campaigns to run, please call us at 860-379-9602 or visit www.MediaBids.com.

NEWSPAPERS PARTICIPATING IN MEDIABIDS’ PERFORMANCE-BASED PRINT ADVERTISING PROGRAM GENERATE RECORD REVENUE IN AUGUST 2020!

For over a decade, MediaBids has been driving print advertising revenue to newspaper publishers through its unique performance-based print advertising program. Every time a reader makes a qualified phone call, online inquiry, or purchase in response to a print ad placed on behalf one of MediaBids’ impressive roster of direct-response advertisers, the publication driving the response earns revenue. To date, August of 2020 has been the program’s most successful month ever, generating hundreds of thousands of ad dollars for newspapers large and small across the country. A daily newspaper in NY earned $40K during this record-breaking month from running a wide array MediaBids’ ads that were a perfect fit for their readership .

MediaBids’ print ads have been a lucrative tool for our publication month-after-month. The revenue has been substantial and is increasing over time; 2020 has been a tough year in many respects, but MediaBids’ ads have been a bright spot. We can always count on receiving classified liner ads from top national brands, right when we need them. It’s easy to participate, and the team is great to work with.” – Janelle Anderson, Wisconsin Community Papers

“We have always believed in the power of newspapers and appreciate the crucial role they play in society – perhaps now more than ever before. We are proud to be an ally of the publishing industry and continue to strive to drive as much revenue as possible to print media brands to support their journalistic efforts.” – Jedd Gould, President, MediaBids Inc.

Newspapers can create a free profile on the MediaBids’ website (www.mediabids.com) to view a full list of available advertisers and payout information. Each ad has a unique phone number or URL that tracks response specifically to each publisher, and earnings are paid out monthly. There is no cost for newspapers or magazines to use MediaBids.

About MediaBids
MediaBids brings together newspapers and large consumer brands to leverage the power of print advertising to generate new customers for clients and additional revenue for publications.

For more information, contact MediaBids at 800-545-1135 or visit www.mediabids.com

Generating Ad Revenue in Print

AdobeStock_61056169.jpeg

A recent article in The Guardian points to the challenges newspapers face attracting advertisers and maintaining ad revenue.  And yet millions of people are still picking up print editions.  Though the article comments specifically on the UK market, the same could be said of the industry here in the US.  But contrary to the sentiment the author suggests that “publishers must find new ways to convince advertisers that they have audiences worth targeting,” we would argue that publishers are tasked with finding alternative ways to monetize their product.  Convincing advertisers of the value of their readership is not enough.

While many have looked to selling digital advertising as their saving grace, there is another option.  A new revenue stream within the print property.  Per-inquiry advertising.  Yes, this involves publications taking on risk and shifting from their traditional model.  But if they are boasting engaged readership, shouldn’t they have confidence in their ability to drive response?

Advertisers are paying per response in other mediums, so is it really that unrealistic that they expect to be able to do the same in print?  They demand performance, measurability, and tracking.  Advertisers need to justify spending, after all.

Here are MediaBids, we believe in the power and value of newspapers.  Our President, Jedd Gould, has said “we at MediaBids feel very strongly that newspapers and magazines are a critical component to democracy in the United States…we really feel that without newspapers and magazines and the original content that they’re producing, we all would be worse off”.  When is this truer than in an election year?  Yet, we know the model is being threatened by economic pressures and changes in the advertising landscape.

Hundreds of publications have already adapted and teamed with MediaBids to run per inquiry ads.  While response varies widely depending on many factors such as advertising campaign and publication size, its undeniable these campaigns are driving calls and sales, thus delivering revenue to publications.  If you’d like to increase your advertising revenue and feature national advertisers in your publication, give us a call today at 860-379-9602 or learn more at https://www.mediabids.com/publication/print-advertising.jsp.

Does Your Paper Reflect the Spending Habits of the American Consumer?

ConsumersIn the U.S., nearly 70% of our Gross Domestic Product (GDP) is based on consumption. In fact, Americans spend a little over $11.2 trillion on goods and services.

The breakdown is about 65% on ”services,” such as housing, health care, travel, education, entertainment and personal care. The remaining 35% is spent on ”goods.” Economists tend to split the goods category into two types: 22% of spending on goods is non-durables (every day items such as clothing, groceries, fuel and household items); the other 13% of spending on goods is toward larger and less frequent purchases like cars, trucks, tractors, furniture and appliances.

Of course -depending on age, life-stage, income and a host of other factors- each of us may have somewhat different ratios of services to goods. Nevertheless, the ”average American consumer” spends about 65% on services and 35% on non-durable and durable goods each year.

The question you might want to be asking is -how well do the ads in your pages reflect what Americans are buying?

Over the past month, the Print Observer has profiled four local dailies (one in Vermont, Indiana, Washington State and Texas.) For each paper, we tabulated and analyzed the ad space in a recent Sunday edition. The analytics included: the number of ads overall and in each ad category; the total ad inches, total inches for each ad category and the average size of the ads in each category relative to the average size of all the ads in the section.

Pie chart

Looking back at the data, it’s interesting to note how well the advertising categories represented in the papers compare to consumer spending habits. Across the four dailies we reviewed, the average number of ads in the services category was 48%, the average in the non-durables category was 30% and the average in the durables category was 28%.

  • The services category (housing, health care, restaurants etc.) had a range of 68% to a low of 28%.
  • In non-durables (groceries, clothes, household items etc.) the high was 49% and the low was 4%.
  • In the durables category (autos, furniture, appliances etc.) the high was 28% and two papers had no advertising at all for durables.
  • Two papers also had a large number of house ads and/or political.

We only looked at four Sunday papers so this small sample is not necessarily indicative of the trends in newspapers across the country. However, the four papers were all mid-size dailies in small cities that are not unlike most other small cities in America so the averages across the basic categories are likely to be proximate.

Ultimately, considering where your readers spend the bulk of their dollars (65% services/35% goods) is as good a guide as any for targeting the kinds of advertisers that are likely to do well in your pages. If you’re at 60% or better for services and 30%-40% for goods, you at least know your publication is aligned well with general consumer spending habits and you’re at about the level of advertising, in each category, readers can tolerate.

Post by Jim Jinks

 

Newest Advertiser Additions to MediaBids

shutterstock_266003864
We’re  always working to help provide newspapers & magazines with an additional revenue stream. Part of the way we do this is through our Per-Inquiry Print Advertising Program, which provides newspapers and magazines with a commission every time you drive a call, lead or sale to our participating advertisers.

Always on the lookout for offers and advertisers that work well in a wide range of publications, we’re happy to welcome our newest group to the mix.

Our newest advertiser additions are a diverse group that run the gamut from home security to tax preparation. To learn more about each advertisers or request a custom-sized ad for your publication, click on the image below. As always, if you have questions, call MediaBids at 860-379-9602 or email publicationhelp@mediabids.com.

View All Ad Campaign Details Here & Request Custom-Sized Ads