How does the proliferation of audience buying using real-time bidding (RTB) systems and approaches change the "buy/sell" relationship between humans? What's in all this math stuff for the folks on
the front line, historically validating the merits of, and transacting, the ad deal?
For some years, even as exchanges and other network-based entities emerged, the business relationship
between buyers and sellers, within the big picture, remained essentially the same. Everyone had to know their business, the client's business, the consumer and the landscape.
But as
channels have become more dynamic and platforms have multiplied, the bar has been raised for all of us. Everyone participating in the media marketplace has had to strive for a greater level of
integrated perspective, cross-platform sensibility and overall aptitude. And, we've all had to get cozy with the new consumer-led reality.
I remain confident -- and I don't believe I am alone
-- that bid-based, automated audience buying will not fully soak up the marketplace as we know it. Given what we are hearing from big brands, premium media companies and smart client people
everywhere, buying media "in context" and focusing on relevance of placement can exist simultaneously with the bidded, large-scale media buy. There is a push for keeping creative and media
mutually accountable for driving engagement and business results, while at the same time figuring out how to get the most out of automated systems. That dual push is key to our sanity and balance as
an industry.
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While we know that the buy side must develop its teams to strategize, create, plan and buy on several fronts at once -- how does the new reality change the life of the sell
side? Does every seller worth his or her salt now need to run out and apply for work within the DSP, AMP, bidded inventory machine?
Will the jobs be ample on the sell side? Or, are they
now forever hybridized with data, analytics and account services? Must sellers learn more of the actual math to keep up?
Where is the opportunity for today's top sellers in the ad economy, if
they want to stay in pure sales? It's long been true that you've got to be consultative to win, keep and grow big clients. It's been true for some time that you must understand integration,
cross-platform packaging and opportunity development in order to resonate with the buy side, which faces the same changed landscape. But what is the new mindset required to professionally thrive as a
seller on the new, more-automated landscape? I'm not sure any of us knows.
While the resistance of traditional media companies to supply side and RTB
platforms for inventory management will lighten as they recognize more clearly the revenue opportunity these systems can yield, a certain tension will probably always remain. Traditional media
companies may not ever wholly buy into transactional selling. But, as its revenue promise becomes more undeniable, more and more online and offline players will allocate inventory to transactional
systems. If you are a properly consultative seller within this system, your skill becomes to steward the client -- advertisers who still want to build brands, engage consumers, and scale their
business results efficiently.
Rather than banging our heads trying to figure out how to jump fully clothed into the machine and prosper by the algorithm, the onus is upon us all to figure out
how to do our best blended work -- how to serve our partners and clients in the most meaningful, productive, sustaining way. We should have no interest in helping clients be a flash in the pan.
Great brands that take root now, even in the era of big math, should live on. Assuring this requires attendance to innovation, imagination, creative, context, relevancy and scale all at once. That's
plenty for a good day's work.