CPM Marketing: How To Increase Traffic To Your Website with CPM Advertising by Using One of the Best Converting Traffic Methods?
You might encounter the word “pay per view” every time you want to watch a sensational sports event such as boxing and basketball. However, pay per view in the space of business advertising is entirely different and means PPV traffic. It involves:
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What Is Pay Per View in CPM marketing? If advertising on the Web is still a relatively new concept for a small business, you’ll face a number of unfamiliar acronyms like CPC CPM the first time you venture into the online advertising arena. These terms are important, since they describe how advertisers measure the success of an online ad — and therefore how much they charge you to run it and compare the online advertising costs.
CPM marketing terms demystified:
CPC refers to “cost per click” and means you pay for each click your ad receives. If you are spending $1 for each click, then 10 clicks will cost you $10.
CPA refers to “cost per acquisition” and means you pay only when the click actually turns into a sale. This form of measurement is most commonly used in affiliate marketing.
What is CPM advertising? CPM refers to “cost per thousand impressions.” An impression is a single instance of an ad appearing on a website.
How to optimize CPM advertising campaigns with tracking and evaluating its metrics
One of the advantages of display advertising is that you can track campaign performance and optimize it in real time. During the campaign, you’ll want to track your KPIs several times a day – once a day at a minimum.
If your campaign isn’t meeting benchmark KPIs, there are several changes you can make to improve its performance, including tweaking the following items:
CPM campaign Targeting:
Launching the campaign may reveal that certain sub-sets of your target audience are more responsive to your campaign than others. For instance, you may find that audiences located on the West coast are more likely to click on your ads. As a result, you may want to geo-target, or limit your campaign to the West coast.
CPM advertising networks’ Inventory:
If your ads are under-performing on certain websites, you can always remove their inventory from your targeting or create a blacklist and a whitelist and observe and track both over time.
CPM banner ads creative:
You may find that your ad creative isn’t compelling enough for users to interact with it or click on it. In this case, you’ll want to try different versions to see which one resonates most with the target audience. You can also A/B test creative regularly to determine which ad elements cause audiences to respond favorably to it.
CPM destination url of landing page:
Drive traffic to website. This is the web page users are directed to once they click on the ad. Landing pages should be compelling enough for the visitor to want to take an action on the website. Sometimes making even the smallest of changes, such as adding a pop-up form or changing font color, can improve the performance of your landing pages. Perform A/B testing on your landing pages too, so you can optimize every element of your campaign.
The goal with display advertising is to test your way to success. At the end of your first display campaign you’ll have a clearer idea about your target audience and their behavior and preferences, and your KPIs will tell you if you’re on track to meet your goals. You can then use this insight to create other campaigns in the future, and improve your return with every iteration.
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All successful advertising campaigns are informed by sound strategy. So, the first step you’ll take toward launching a display campaign is deciding what exactly you want to achieve through the campaign. Common goals for display campaigns include raising brand awareness, increasing website traffic, and lead generation.
To come up with your own campaign goals, ask yourself, “What do I want the audience to do after seeing my ad?”
For example, let’s say you’re the manufacturer of Bass ‘n’ Treble, a brand of headphones. If you want customers to remember your brand as they browse products at their favorite electronics store, you’re looking to raise brand awareness.
On the other hand, if you want them to click on the ad and purchase headphones from your e-commerce website, your goal is to drive sales. Next, you’ll select key performance indicators (KPIs), which are data points that will help you measure whether you’re meeting goals and determine whether the campaign is a success.
Typical KPIs for display ad campaigns include the number of impressions served, the click-through-rates (CTRs) on ads, the ad cost-per-click (CPC), and conversion rates.
At the end of the day your goals will determine the KPIs. For example, if the campaign goal is to build awareness, the primary KPI will be the number of impressions served. If the goal is to drive sales, you’ll focus your attention on conversion rates.
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