Here's what you do to avoid shit like this ^
1. Out Clause - Never sign an IO that has one that is longer than 72 hours. When you exercise it, stop your traffic immediately.
2. Even Delivery - This spreads your buy evenly over 30 days or 60 days or however long your buy is. This prevents them from dumping impressions on you.
3. Daily cap - If you get a 30 day test IO, try to negotiate a daily cap for the first 5 days of $500 a day or whatever so you can figure out if it's going to work.
4. Pauses Must Be Done Immediately - You can definitely pause traffic but you need to have it negotiated in your IO. If your rep takes 2 days to do it, get another rep.
EVERYTHING is negotiated with buys. You only get what you negotiate. They are going to fight for terms that are in their best interest, you need to do the same. The more money you spend, the more power/leverage you have.
Buy CPM, it forces you to be a better marketer and if you can pull it off, you have far more control over your costs.
Also, if you're not doing this through your own ad server, you're an idiot.
Someone here on WF recently said DA's posts are gold..and heres another one that is great..
but dont forget guys, beyond the above mentioned,
make SURE your framework is setup properly for a media buy. After you do all your work, get the landers set, campaign hyper tweaked for the media space, if you cant HANDLE the traffic and shit goes down (which it often does) you are fucked.
Smax did a great job a while back breaking down how to do media buys, with regards to setting up your server, load etc. Your server better be setup to get an ass kicking burst of traffic, otherwise you can drop $$$$$ and have a bag o shit in your hands.
garret - yea I do alot of research with adplanner and quantcast planner. One thing I do have a question on with direct buys is this. Since, as said in this thread, even in the first 3k of a network buy, chances of profitability are slim. aren't my chances of profit extremely low and difficult then on a direct buy where it might cost me 1 or 2 k for the whole month?
Well, at the networks, I think for a starter test they are going to push you to do run-of-network. Am I right on this DickArmy? I'm not nearly at that level, but I do have some solid experience with banner ads.
I think it would be hard to make a really good ad that will fit with more than 1 site (run of network). The reason I say that is because banner ads should blend in and look like content (people CLICK on content, not ads), and that's easy on a site to site basis. You just look at where you're banner would be, and run a text heavy ad that blends in with the content around it. If your ad looks like an ad, CPM is going to kill you (unless you hit a homerun somehow with an ad that sticks out) because people don't click on ads ya' know? You need something compelling.
Look at the PlentyofFish banner. Not exactly blending in, but they got alot of text in that space. I think they did a killer job with that. Your number 1 goal is to GET THE CLICK
Sorry if I sound like I'm rambling and not making any sense. I'm sweatin my balls off so I'm typing fast.
Edit: 1-2K is a pretty reasonable test IMO. The rewards could be huge.
People who are new to Display should strongly consider staying away from the networks.
RON is the worst traffic you can buy. It's the highest risk traffic. Never, ever sign a RON IO without a 24 Hour out clause, max.
Learn to do proper Media Plans and Research. First create a network of your own with highly targeted traffic that is most likely to convert based on your demographics and do direct buys. Do benefit profiles of your offers. Make sure those are reflected in your ads and landing page.
Learn how to use RFP's to get publishers to compete over your budget so you can get better deals right off the bat.
Once your offer is perfected and you've made some cash on they buy, then go to the networks and buy guaranteed, targeted traffic.
I would say its more of making your banner stand out when doing RON..
Also...
Adbuyer stats delayed by 24 hrs. Definitely take a pretty huge cut on the buy margins and they are a new company so I doubt they just have a bunch of inventory they prebuy so I don't know how they operate.
People who are new to Display should strongly consider staying away from the networks.
RON is the worst traffic you can buy. It's the highest risk traffic. Never, ever sign a RON IO without a 24 Hour out clause, max.
Learn to do proper Media Plans and Research. First create a network of your own with highly targeted traffic that is most likely to convert based on your demographics and do direct buys. Do benefit profiles of your offers. Make sure those are reflected in your ads and landing page.
Learn how to use RFP's to get publishers to compete over your budget so you can get better deals right off the bat.
Once your offer is perfected and you've made some cash on they buy, then go to the networks and buy guaranteed, targeted traffic.
i looked, but couldn't understand what RFP means in a media buying sense. what does it mean? request for proposal?
You know.. you don't really need all that much cash on hand to start with media buying.
You can easily start with $10k-$20k and be able to score $100k-$1M media buys in under 6 months without a doubt. Unlike PPC for most people, media buys rely heavily on credit terms. If you call most places up and play it cool and tell them you want to drop $10k-$20k on a test campaign, they'd probably offer you credit terms right afterwards. Just make sure to build up credit with your business/LLC/Corp first.
Getting approved for a media buy campaign with any major company like AOL, IAC, Google, Yahoo, MSN, FOX, etc. gives you instant credit for future campaigns with just about anyone in the space. They see anyone of those companies as a reference they'll issue you an almost limitless amount of credit terms.
Hell, just in March we had only $300k/mo credit terms with most companies, and now we've got well over $20M/mo - unlimited, at almost every network I've mentioned above, not that we'll ever even use it or come anywhere near close to those, but it just goes to show you how much they'll offer you just so long as you can get the references. Its totally worth it to drop $10k-$20k pre-paid in your first test month and be in the millions in under 6 months.
Best part of credit terms too, is that almost every outlet you buy media from is payment on net-60, some of them will go as far as net-90, but you may have to blow the right people for that. That means you pay 60-90 days AFTER the campaign runs. Gives you ample time to collect your earnings and pay your bill on time without any issues.
I know I'm making it sound easier than it is, because the toughest part of media buying is not being able to find the space or even buy the space, its actually figuring out which places will convert at 300%-1000% ROI vs the ones that only convert at crappy 50%-80%. Thats the difference you find in the industry these days between the punk kids who go around yelling about how they do media buys but can never quite figure out how to surpass the 300%+ ROI point. You'll never hear or see anyone post the answers to that kind of info here or anywhere though, unless they are on crack or lying. But yeah, there's no reason to give up and walk away just yet buddy.
The smaller ones are good too sometimes. Just depends on the offer and what it calls for, either to be pounded with general media buys from unfiltered/untested sources, or from well planned out purchases that are more expensive but proven to work. Tatto Media are good people, almost limitless inventory too, known them for a long time now, definitely take a stab at them. The others you mentioned are decent too.
Almost all of the 2nd tier media traffic sources are also affiliates. CPX and ValueClick are both a huge affiliates and place a lot of guys here buy media from. Hell, we caught those fuckers stealing our ads/LP's before, so just goes to show ya, you may think its a safe bet to buy from but the risk is always there. Just because they sell traffic, doesn't mean they aren't in it for themselves too. But thats just the way the business works.