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Monday, September 10, 2012

How to Stay Confident About Media Buying and Make More Money

By Daisy Jeska


Perhaps you have already heard about media buying through forums and other places.

The thing you need to know about this technique is that those who are the most successful typically don't talk about their success in forums. They are actually earning money and will have much more important (and fun) things that you can do. But you can be one of them if you're willing to learn and then do some serious work.

Every point of entry and clicks that they generate to reach your website ought to be tracked. How else will you know whether or not a banner is successful or converting? You have other options as well if you want to track the conversion rates of your banners. They are all good but make sure you have analytics in place so that you'll know all of the metrics for your business performance. From here, it's important to spend some time simply collecting data so that you can better create some benchmarks for the campaigns you want to run. Also, be sure you are optimizing your banner ads and never be satisfied with initial results.

One of the most curious things in the world is human nature itself. I am bringing this up because most people will look at the advertised rates and assume that that is a fixed amount. Most advertising customers have this exact opinion. You just need to ask about the rates. Try this out the next time you talk with them. Think of your media buy package, and ask for the most outrageous when you can think of. You will of course be thrown out if you come up with something so ludicrous that no one would give it to you. It's important that you are reasonable, especially if this is your first time asking. The question may come up, asking why you want a particular package. As long as you know why you want to personally, you can tell them immediately. You can offer something completely out of line, however, and still get your way. All of them can tell you no, but you won't get the no until you ask them.

When it comes to media buying and your ads, there are lots of different options available. For example, why not place a text based banner ad with very small graphics or no graphics at all? The best way to find out what can work is to test. Testing is one thing that most marketers (particularly those who lack experience) do not do very well. You can seriously boost your conversion rates with a text ad. But that's not always how it works and you ought to know how to find out. Another approach that you can use is when you say things with your text, like using testimonials. You might even include a picture of the testimonial giver's face. These can work very well with the right product, but the testimonial has to be very strong.

Every media buying campaign that you do should always be focused on minimizing your risks at all times. When you're new at this, then learn how to control your risks, and do not get bothered by risk. You take risks all the time in daily life and in your IM business.




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