AdTech industry is vast and ever-changing. It might be hard to keep up with all the new slang, but worry not - our glossary will keep you properly updated!
The person who identifies and purchases ad space on channels relevant to the target audience. In paid marketing, this individual employs the strategy of media buying. A media buyer finds and buys ad space on channels pertinent to the target demographic at the right moment and for the least amount of money. The objective is to get as much exposure as possible with as little money as possible. A media buyer should be aware of the company's marketing objectives and adhere to the media planning team's strategy. Negotiating is a significant element of what we do. They must communicate effectively with website owners, networks, and other channels to arrange for the greatest ad placements at the correct time and the best price.
Media buyers are primarily responsible for procuring advertising space on behalf of their clients. They consume a wide range of media and judge how well advertisements operate across multiple platforms and media. Then, they decide where certain promotions and campaigns should be placed. A few of their day-to-day responsibilities include Cross-departmental collaboration to coordinate campaign tactics and objectives across the organization, Continuously delivering actionable insights into campaign results to key parties defining, measuring, and assessing media KPIs that matter, establishing media plans for numerous ad platforms, and managing the day-to-day operation of media overseeing and managing the paid media budget conducting extensive keyword and website research, ad grouping, and audience targeting, and Keeping abreast with current developments in technology and industry best practices.
Media buyers are significantly involved in the analysis and the identification of the correct target demographic for specific campaigns. Media buyers collaborate closely with media strategists to develop media buying strategies that deliver the desired degree of coverage. Important metrics for media buyers include ROI, On-site conversions, Cost & click performance, impressions, and website traffic. To practice media buying, the following techniques should be kept in mind.
There are a few things you'll need to work out before you start your advertising campaign. The next stage is to decide who the campaign is aimed at and which networks are best suited to reach them. The third phase involves forming your company. Depending on the media buying platform you use, this step will be different. Launching an ad campaign is only the beginning of the fun (and danger) that comes with tracking the results.
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