With quality score becoming stricter and stricter it seems that affiliates are turning to media buying to drive targeted traffic to their offers. Media buying, also referred to as Display Advertising, occurs when you purchase banner inventory on a site, network of sites, or an Ad Exchange (ie: AdBrite). Media buying is a very powerful resource that has the potential to generate almost an unlimited amount of traffic to your offers. I’ve personally been involved in media buying for over ten years now; both as an advertiser and as a publisher.
Since 1999 I’ve owned websites where my primary business model was to sell as much banner inventory as I could at a high CPM (cost per one thousand impressions). Throughout the years, I’ve been very successful doing this, making hundreds of thousands of dollars. I can remember the days before “pop-ups” where you could sell 468×60 US inventory for $4 CPM with an unlimited cap. Nowadays this is very rare. Sites not only sell 468×60 inventory, but they’ve expanded their sizes to 728×90 leaderboards, 300×250 boxes, 120×600 skyscrapers, 160×600 wide skyscrapers, and pop-ups/pop-unders. This provides affiliates with many more options at a lot lower prices!
All of this sounds great, but to even the most experienced SEM (search engine marketing) affiliate, media buying can be a daunting task getting started. I’ve talked to several affiliates at conferences that think since they’re purchasing traffic from Pulse 360 and/or AOL Sponsored Listings that they’re media buying. While you are buying media on a particular network of sites, you’re still purchasing your traffic by-the-click, so I still consider this a PPC (pay-per-click) campaign. Media buying is when you actually approach a website, network of sites, or an ad exchange, agree on the amount of inventory at a particular CPM, sign an Insertion Order, and proceed to run your campaign.
Let me explain further using a real-life example…
Let’s say I have my offers/landing pages/tracking software ready to go. I use my research (I’m going to write a post on media buying research very soon) I decide I want to advertise on WrestlingNewsWorld.com (this is a site I own, so I’m using it as an example). According to my research, this site seems to match the exact demographic s for my offer and I strongly feel I can generate a ROI (return on investment). I contact the webmaster of the site via email. A sample email could look like the following:
To Whom It May Concern:
I’m interested in purchasing banner inventory on your website, WrestlingNewsWorld.com. I own a direct response marketing company based in the United States, and according to our research, your site matches the demographics to one of our latest campaigns. We’re very flexible and would love to begin a relationship that would be mutually beneficial. If you could, please email me back with your media kit and rate card at your earliest convenience. If you have any questions, please don’t hesitate to contact me at (XXX) XXX-XXXX.
Thank you very much for your time, I greatly anticipate your response.
Sincerely,
Ryan Gray
SuperAffiliateTwins.com
Feel free to use my email as a template, just remember who helped you out;). Most-likely the site owner will contact you back with their advertising information. Once you decide how much money you’re willing to invest on this particular campaign, you tell the site owner how much inventory you want to purchase. They’ll then draft up an Insertion Order. This is a formal document that displays the amount of inventory you’re buying, the price you’re paying, and the terms you agree to pay on. If you’re a new media buyer, chances are, you’re going to have to pre-pay this webmaster to gain their trust.
I recommend starting with a low amount (an amount you don’t care burning if things don’t work out). This could be an amount as low as $100. You don’t have to purchase a ton of inventory to become a successful media buyer. Start small and expand as you become more confident in your skills.
All Insertion Orders carry an outclause. These range from 24 hours until a week. If you’re new to media buying I suggest negotiating no more than 48 hours, so if the buy doesn’t work out, you can stop without any further financial commitment.
Once you start your buy be sure to track, optimize, track, optimize, track, optimize, etc. If you think your campaign is optimized, you better optimize some more. By completing these steps, you have the potential to take your affiliate campaigns to a whole new level. In the coming week’s I’m going to be conducting a series of posts titled “The Newbie’s Guide To Media Buying.” If you’re a newbie or expert affiliate, you’re not going to want to miss the tips I give to aide your campaigns, so be sure to subscribe to our RSS feed!
Good luck!