Commentary

What's Half An Ad Worth? Pre-Bid Viewability Solutions Help Marketers Find Out

Imagine strolling down a busy street when you come across an ad for Bloomingdale’s summer sale. Or at least, that's what you think the ad is for—because half of it is missing. Instead of “Bloomingdale’s — 50% Off,” only the more nonsensical “dale’s 0% off!” is visible. As you walk toward it to try and decipher what it says, the ad suddenly disappears.

Would a reputable brand like Bloomingdale’s ever accept this user experience in the offline world? No. And the retailer wouldn’t accept this online, either. Ask anyone to invest significant amounts of cash for a job half-done, and they will balk at the idea. Yet that’s precisely what the ad industry has been asking marketers to do for years.

Non-viewable ads are unacceptable. That’s why the Interactive Ad Bureau UK plans to review its viewability principles by 2017, while various U.S. vendors are striving to improve quality and safety for advertisers and their media investments.

But the truth? 2016’s viewability metrics are still very much a work in progress.

A crystal ball for viewability

Today, no method exists for marketers to ensure an ad is 100% viewable, but reliance on pure view rates distorts marketing return on investment (ROI) in the short term. Inaccuracy in viewability measurement means that the true ROI of a campaign is impossible to determine.

Today’s lack of precise viewability measurement will be detrimental to future campaign strategies, while not knowing whether an ad is seen by consumers creates mistrust between brands, agencies and publishers. Before that trust hits rock bottom, agencies and technology vendors must seek to resolve this issue.

Pre-bid viewability solutions represent a best-practice approach, allowing marketers to predict an ad’s viewability — dependent on platform and placement — before spending a dollar. Pre-bid viewability is the online equivalent of Bloomingdale’s visiting a street in advance to ensure foot traffic is high and it’s the right audience, before committing to putting up a billboard.

Pure view rates do not necessarily mean real people see an ad. Viewable cost per impression (vCPM) is a more accurate metric than pure view rate. vCPM gives marketers a more realistic picture of what they are paying for, whether they are viewable or non-viewable impressions.

The most viewable ad in the world

Pre-bid viewability solutions are a step toward making sure ads will be seen. But how can marketers develop more viewable ad creatives?

There are opportunities to fine-tune an ad at every stage of development. This can happen from strategizing to conceptualizing, through to design and execution, and finally analysis and reporting. The following three characteristics should be considered at the very beginning to make served ads as viewable as possible:

Size—Go Big Or Go Home
High-impact creative sizes work better. Aim for height or extra-large sizes that will remain on users’ screens for longer.

Location—Rise Above The Rest
Do your homework on page location and its correlation to viewability. Ads placed directly above the fold (not at the top of the page) are the most effective.

KPIs—Mind Your Viewability Metrics
Use the right metrics when thinking about viewability. vCPM is a more accurate metric than CPM for many campaigns.

Designing creative with viewability in mind and taking advantage of pre-bid viewability solutions can let marketers know the minimum number of views and ROI they can expect from their buy, before they buy.

1 comment about "What's Half An Ad Worth? Pre-Bid Viewability Solutions Help Marketers Find Out".
Check to receive email when comments are posted.
  1. Guy Powell from ProRelevant, September 2, 2016 at 9:16 a.m.

    Generally this post makes sense, but not sure this post truly captures the issues on ROI. The true ROI of any campaign is always based on what actually happened, not what we'd like to have happened.  This statement is incorrect: "Inaccuracy in viewability measurement means that the true ROI of a campaign is impossible to determine"

    Given that the viewability is what it is.  ROI needs to be calculated based on what it is. If it's 50%, then that's the right ROI.  We can't wish for a better ROI simply because the viewability isn't 100%.  In my humble opinion, I don't think we'll ever get 100% viewability.  It's not even the case for any other media, except maybe in-game or in-experience advertising where you're forced to be presented with the ad to move to the next portion of the experience.  Even in this case, banner blindness reigns and the viewer may or may not 'view' the ad.

    There are many other challenges to measuring ROI over and above just trying to come up with an ROI had the viewability been 100%.  Cross attribution, especially between digital and traditional probably being the most important.

    Next, not sure I agree with this statement: "But how can marketers develop more viewable ad creatives?".  Advertising creative is the last step in viewability.  Viewability is generally out of the hands of the creative.  The publisher plays a big role in their desire to offer highly viewable ad formats.  Next the consumer, whether they're using adblockers or not and let's not forget fraud.  If the ad is finally presented to the browser above the fold and not behind other windows, then it's the creative that determines whether banner blindness will reign or not.  It would seem to me to be the creativity in placing the ad with reputable publishers that can deliver a certain viewability level.

    It may mean using automated guaranteed might be more worth the while and have a higher ROI.  This is something that should be tested and verified to get to the next level in ROI.

    Hope this makes sense.  If you want to read more on the vicissitudes of online advertising ROI, following my blog at:  http://www.ProRelevant.com

    Guy


Next story loading loading..