Anytime I see a link to a post here. I hover it and check the link. Even do that sometimes I get hit. LOL
Looking to try my hand in doing media buys.. do you guys have any advice, tips, links to useful posts/threads, list of good companies to work with, bad companies to watch out for, and so on
Some nice info right there.I have limited experience in the space, but I've done few buys to give you a piece of advice:
1) Test your banner Ads hard on GCN or myspace and make sure you get at least 0.15 CTR. Quite obvious but so crucial. You have to have on hand few sets of banner Ads that are tested well. You have to consider their Conversion rate also. Having clear call to action on the banner would help increasing conversion.
2) Make sure you get 48 hours out clause. Insist on very short out clause. Your company not gonna give a fuck if you are spending 10k on a campaign that is making nothing. Some of them offer 48 hours after X days to deceive you so you think you got 48 hours clause.
3) Even distribution and low test campaign (5k). Ask for Even distribution over 2 weeks period for small test campaign (5k). You will be losing little cash if it went bad, and you can use your out clause. if campaign worked out, scale it by buying another 20k at least campaign for 1 week.
4) Measure BOUNCE rate for their traffic and/or CTR to offer. This is an indication if they are showing your Ads to appropriate demography. If they place your Ads on arcade games. You will end up getting tons of clicks from DP members testing their Ads. If traffic bounce hard, tell your Rep to optimize or use your outclaise.
5) If within first few thousands, lead costing you two times what you are paid for, do not leave... Optimize. It takes time to get the CPA goal.
6) regarding companies: ValueClick, TribalFusion, Zedo... I just think ValueClick a solid one.
7) Avoid any CPM more than $1.75. Yes, it may work once at CPM of $3. But it will not work another 20 times. Some companies like Zedo ask for $3 CPM.. I was sure to fail, and I did.
8) Never agree on anything verbally; everything has to be written.
9) You can not promote anything on these media buys. IMO, bizOpps & diet work well as there is massive demography interested...
Given all what I said, I had few media buys, and I have no interest in doing further media buys.
Hope that helps!
Leadicious
I have limited experience in the space, but I've done few buys to give you a piece of advice:
1) Test your banner Ads hard on GCN or myspace and make sure you get at least 0.15 CTR. Quite obvious but so crucial. You have to have on hand few sets of banner Ads that are tested well. You have to consider their Conversion rate also. Having clear call to action on the banner would help increasing conversion.
2) Make sure you get 48 hours out clause. Insist on very short out clause. Your company not gonna give a fuck if you are spending 10k on a campaign that is making nothing. Some of them offer 48 hours after X days to deceive you so you think you got 48 hours clause.
3) Even distribution and low test campaign (5k). Ask for Even distribution over 2 weeks period for small test campaign (5k). You will be losing little cash if it went bad, and you can use your out clause. if campaign worked out, scale it by buying another 20k at least campaign for 1 week.
4) Measure BOUNCE rate for their traffic and/or CTR to offer. This is an indication if they are showing your Ads to appropriate demography. If they place your Ads on arcade games. You will end up getting tons of clicks from DP members testing their Ads. If traffic bounce hard, tell your Rep to optimize or use your outclaise.
5) If within first few thousands, lead costing you two times what you are paid for, do not leave... Optimize. It takes time to get the CPA goal.
6) regarding companies: ValueClick, TribalFusion, Zedo... I just think ValueClick a solid one.
7) Avoid any CPM more than $1.75. Yes, it may work once at CPM of $3. But it will not work another 20 times. Some companies like Zedo ask for $3 CPM.. I was sure to fail, and I did.
8) Never agree on anything verbally; everything has to be written.
9) You can not promote anything on these media buys. IMO, bizOpps & diet work well as there is massive demography interested...
Given all what I said, I had few media buys, and I have no interest in doing further media buys.
Hope that helps!
Leadicious
If possible, serve your own creative - you'll be able to negotiate better rates and optimize the creative much better. Having the network serve is a horrible idea -- also have a good flash designer, learn how to dynamically insert copy into your banners so you can split test the creative much easier. One flash banner with dynamic insertion can net you 100+ different variations and you can tag each copy combination separately for better reporting. Also, for anyone serving their own banners, make sure to think about how you are defaulting as well -- not everyone has flash and you don't want to serve each banner if you are retargeting and have some learnings.
yeah this should be at the top of the list too. having the company not allow you to do dynamic insertion (even if they want it contingent on approval maybe) for testing purposes would be a deal breaker for me
Anytime I see a link to a post here. I hover it and check the link. Even do that sometimes I get hit. LOL
These are legit though. Stop being so nice. You could of at least made one of them you know what.
I have limited experience in the space, but I've done few buys to give you a piece of advice:
1) Test your banner Ads hard on GCN or myspace and make sure you get at least 0.15 CTR. Quite obvious but so crucial. You have to have on hand few sets of banner Ads that are tested well. You have to consider their Conversion rate also. Having clear call to action on the banner would help increasing conversion.
2) Make sure you get 48 hours out clause. Insist on very short out clause. Your company not gonna give a fuck if you are spending 10k on a campaign that is making nothing. Some of them offer 48 hours after X days to deceive you so you think you got 48 hours clause.
3) Even distribution and low test campaign (5k). Ask for Even distribution over 2 weeks period for small test campaign (5k). You will be losing little cash if it went bad, and you can use your out clause. if campaign worked out, scale it by buying another 20k at least campaign for 1 week.
4) Measure BOUNCE rate for their traffic and/or CTR to offer. This is an indication if they are showing your Ads to appropriate demography. If they place your Ads on arcade games. You will end up getting tons of clicks from DP members testing their Ads. If traffic bounce hard, tell your Rep to optimize or use your outclaise.
5) If within first few thousands, lead costing you two times what you are paid for, do not leave... Optimize. It takes time to get the CPA goal.
6) regarding companies: ValueClick, TribalFusion, Zedo... I just think ValueClick a solid one.
7) Avoid any CPM more than $1.75. Yes, it may work once at CPM of $3. But it will not work another 20 times. Some companies like Zedo ask for $3 CPM.. I was sure to fail, and I did.
8) Never agree on anything verbally; everything has to be written.
9) You can not promote anything on these media buys. IMO, bizOpps & diet work well as there is massive demography interested...
Given all what I said, I had few media buys, and I have no interest in doing further media buys.
Hope that helps!
Leadicious
Given all what I said, I had few media buys, and I have no interest in doing further media buys.
Thanks for the advice everybody
@leadicious - awesome info there. Why did you stop doing media buys .. too much work involved or no luck in turning a profit?
I find it particularly discouraging that a guy who obviously has a smart head on his shoulders like yourself couldnt make it work, despite what appears to be solid advice.
Do you blame the offer itself? Do you feel the only way to make media buys work is to do something directly with an Advertiser and cut out the middle-man to make up the margins?
I wonder what the percentages are of people running successful campaigns. I often wonder if all the ads im looking at are people who are losing $ and ready to bail any second.