Author: Aaliyah
Hobbies: Astronomy, walking sticks, GunSmithing. Gold Panning, Terrariums and Collecting Memorabilia.
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A Smart Way to Run Dummy Ads Without Wasting Media Dollars
With the New Year quickly approaching, marketers are racing against the clock to make sure ad campaigns pay off as they close out last year’s budgets and prepare for 2020.
The industry rule of thumb for measuring advertising’s effectiveness has been to deliver an ad experiment to 90% of a prospective audience and reserve 10% for a control group, which is typically served irrelevant ad creative like a Public Service Announcement (PSA).
Comparing campaign performance against a targeted user segment and a control group that has not seen the ad provides “uncontaminated†visibility into which ads drove the highest lift against KPIs such as clicks, revenue, offline sales, and footfall visitation.
But the PSA formula has grown less accurate as advertisers extend reach across cross-device inventory sources and channels. And with one-fourth of marketer ad budgets typically going to waste, experimenting with new channels, creative, and segmentation can quickly become an unjustified expense.
Eliminate Katie Peachesa -screen complexity with ghost bidding.
Whether campaign experiments are created to test specific creative strategies, frequency rules, or segmentation buckets, the Amobee Experiment Engine now offers ghost-bidding capabilities that can run incremental lift experiments without PSA management or ad costs.
By reducing the complexity and expense of experimentation, ghost bidding makes it easier to understand the results of showing an ad — or not showing an ad — to a prospective consumer.
Through a bidding and control group allocation process, Amobee randomly assigns new and existing profiles to exposed or control users. When a bid request is received, the bidder calculates the effective bid per campaign goals.
Instead of serving PSA dummy ads, Amobee serves an ad from a different Amobee live advertiser campaign to avoid letting test budgets go to waste.
Increase ad experiment accuracy and ease.
Ghost bidding also encourages more routine experimentation within a more accurate, affordable A/B testing framework. And, given that ad experiments are based on a CPM fee, this can mean a cost savings of 80% or more compared to a PSA experiment.
Ad experiments can be implemented in just a few minutes, and Amobee’s self-service ghost bidding includes reports on ghost impressions and ghost actions through a direct-access console to make it easier to estimate impressions needed for ad experiments.
Bigger cost savings and scale with Amobee.
A more scalable experimentation process combined with ghost bidding can help ensure that your marketing budget is spent on people seeing and reacting to your ad, making every precious dollar count.
Check out how the Amobee Experiment Engine can help you streamline and execute flawless future ad experiments. Contact us [email protected].
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