Seven Common Mistakes to Avoid Making When Buying OTT/CTV Ads

The face of TV advertising will never be the same In 18 months we saw changes that we expected to have taken fiveplus years When consumers have to perform an action differently for a period of 60 days or more this new behavior becomes a learned trait and generally we see very little shift back to the quotold wayquot of doing thingsLeaders from all walks of the TV ecosystem have acknowledged this change and in fact there has been an incredible shift in seats for leaders who are now responsible for the streaming platforms we have all come to know and love during From HBO Max to discovery just about every broadcaster and cable company now has a growing OTTCTV offering It is not surprising that most marketers have jumped into streaming with both feet and the market is exploding If you have not already done so it is time to do itNinety percent of 1854yearolds primarily stream TV through one or more streaming servicesWith this rapid change there is ample fraud and bottom feeders trying to take advantage of misinformed buyers It is imperative that as a buyer or consumer of streaming services that you are informed and do not make the same mistakes so many others have made in the last few years as OTTCTV has maturedLet39s jump to the seven common mistakes buyers are makingDo Not Buy Fraud Many sellers will have you believe that because they are buying from publishers directly that there is no fraud This is so far from the truth it should make your head spin COVID turned out many largescale fraud schemes Fraud is now over 30 in most platforms Buyers need to demand that they buy from platforms that are using an MRCapproved prebid fraud solution TAG certifications are nice but unless they are thirdparty audited anyone can essentially pay for these certifications Roku remains a major fraud problem based on recent reports on CTV SIVT and GIVTIf You Are Doing Audience Buying Personalize Your Ad If you are going to spend the money to address an audience use creative that speaks to that audience The worst thing you can do is to serve a generic spot after doing an audience buy This is a wasted opportunity to convert that target customer do not waste the opportunity or your ad dollarThere Is No Such Thing as quotFreequot All too often buyers will ask why you canamp8217t give me so and so for free the other vendor did If one vendor offers a service for free and another does not be sure to understand if you are comparing apples to apples often you will find you are comparing apples to chocolate bars That39s right not even apples to pineapples Ask hard questions and demand transparency Demand full transparency on all things including price platform inventory data etc That trip you were just offered or gift you got was paid for by you or at least your companyInventory Quality Matters Anyone that tells you that a mix of audiencetargeting and quality publishers does not matter is someone who is trying to squeeze more longtail pubs through on your dime so they can make more Among thousands of campaigns in comparing campaigns that were purely audience targeted with ones that were audience targeted but also bought premium pubs the ones with a hybrid mix always performed remarkably better You can draw your own conclusions on why this is happening but it may be as simple as if someone is paying for something vs getting it for free that they are more willing to pay for value That equates to also buying products from youIf a Seller Cannot Sell You All Premium Inventory They Are Likely a Reseller Platforms like Amazon Hulu and others are very strict with not allowing resellers to gain access to their inventoryDo Not OverMessage Consumers Keep an Eye on Frequency The one thing that annoys consumers more than irrelevant ads are ads that they see repeatedly Streaming compounds this issue because there are already fewer ads in a pod Find a partner that can help you do devicelevel frequency try to avoid partners that work on average frequency because you will inevitably end up in a world of unhappy consumers who have seen too many of your adsUnderstand the Value When You Buy CTVOTT from Your Print Partners Resellers are everywhere in the space Print OOH and similar companies are effectively adnetworks They are arbitraging media costs and there are ample number of platforms that offer transparencyClick the social buttons to share this content with your friends and colleaguesThe opinions and points of view expressed in this content are exclusively the views of the author andor subjects and do not necessarily represent the views of MediaVillagecomMyersBizNet Inc management or associated writers

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Seven Common Mistakes to Avoid Making When Buying OTT/CTV Ads

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Gabe Greenberg

FEMA and the Ad Council Encourage AANHPI Communities to Enhance Disaster Preparedness in New PSAs - Ad Council InSites

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