The digital advertising platform chosen by a new firm in quest of brand recognition has a major influence on its growth and success. The overall concept is to place advertising where your target audience hangs out and your campaign’s objectives are accomplished, resulting in a high Return on Ad Spend (ROAS). However, in this digital era, selecting the perfect advertising platform is easier said than done. There are a plethora of possibilities, digital marketing best practices are always evolving, and the internet/social circles are brimming with advice. We at Tyroo, are listing the right advertising mix for your brand.
WHAT DETERMINES THE APPROPRIATE ADVERTISING PLATFORM
Demographics: The goal of any marketing campaign is to spread its message through a specific group of people. With this in mind, it’s obvious for a company to put its audience’s needs/characteristics and stage in the sales funnel first by picking a platform that caters to them.
Product/Company Type: A marketing campaign’s direction and the platform that best serves the purpose are determined by the business model and items sold. From one platform to the next, different items behave differently.
Marketing resources: When a product or service has to be advertised, allocation of resources is a must and following factors such as how much time, energy, and marketing budget is available and how much is required in each advertising platform.
Purchase Intent: When a user joins an online platform, he or she does so with a certain aim in mind.
Here are some examples of how to determine the right advertising mix
Snapchat: Snapchat is a camera and messaging app that connects people to their friends and the world. With Snapchat Ads, advertisers can reach a global audience and drive meaningful results. The Primary demographic of people using Snapchat are Gen z and millennials with 319 million active users making it a wonderful marketing and app awareness platform. It is now used by around 70% of millennials, making it an excellent tool for reaching the targeted demographic. Brands across industries including fashion brands, food & beverage, retail, social network, online dating, etc have leveraged Snapchat advertising. With AR Snapchat has been driving purchase intent for brands and according to the product/company, type customization can be done.
Outbrain: Outbrain is a native advertising ad platform that helps in audience acquisition, engagement, and retention within walled gardens. Through engaging ad formats that inspire action, it enables emerging brands to connect with consumers on the open web. It helps in targeting audiences who are looking for content similar to yours which is an advantage of native advertising. Regular advertising strategies are frequently cropped or deleted from mobile devices to create a better experience for mobile consumers, however, regular content will remain on your target audience’s radar regardless of device.
Now you know
Advertising mix plays an important role in determining the success of the Product/Service. Snapchat and Outbrain are such advertising mixes that are going to solve most of your problems related to awareness and intent of buying your product. So, what are you waiting for? Dive into this mix of advertising and scale your business.