- Digital Marketing
What is programmatic advertising?
Programmatic advertising is on the rise as a completely optimised automated online advertising system. But is it worth it? Delve into the advantages and disadvantages of programmatic advertising to help make the all-important decision.
There are a million and one ways to advertise these days. Marketing is becoming so specialised that each ad is almost as unique as the targeted individual it’s designed to entice.
Nowadays, there are so many platforms offering so many tactics, that trying to make the most of your online marketing strategy has become a real headache. If only there was something that could do it all for us? This is where programmatic advertising comes into play.
It’s just a matter of time before automation, and AI takes centre stage in the world of online advertising, with global programmatic advertising spending valued at $129.1 billion between 2017 and 2021.
The question is, should your business be using it?
What is programmatic advertising?
You can define programmatic advertising as a streamlined automated process for buying and selling online advertising. This automation takes place on one platform which compiles every transaction quickly and efficiently.
All in all, it’s a completely optimised automated online advertising system that buys your business online advertisement space.
Through personal information, advertisers can segment their audience before targeting them with specific ads at ideal times. Sophisticated algorithms integrated into the programmatic advertising systems enable these ads to be placed effectively.
It sounds complicated, but that makes sense when you think about it, seeing as it’s taken all the intricacies of modern advertising and put it into one streamlined automated system.
The main benefit of programmatic advertising is that it removes the manual, long-winded process of finding online advertising space. It also differentiates between various types of data, such as:
A programmatic advertising system works in real-time, targeting the right audience with a specific product.
There are three types of ads that can be purchased through programmatic:
- Standard banner ad – Appears on the top or sides of site pages
- Native banner ad – Sponsored or recommend content
- Rich media banner – Interactive visual animation with invitational options
Advantages of programmatic advertising
Disadvantages of programmatic advertising
Programmatic advertising vs direct buying
Programmatic advertising is quicker and efficient than direct buying, leaving you with more time to run your business. However, it’s not controlled by a person, so cannot think like one.
Direct buying entails a lengthy process of finding a publisher, negotiating a price and buying inventory before the advertising takes place.
All this takes time, effort, and money. What’s more, there is no guarantee on price because it’s always negotiated.
As we’ve discussed in length, programmatic advertising takes all this stress away. It’s faster, more economical, and costs less in the long run.
The rate at which programmatic advertising works, and the money it saves, makes for a better option than direct buying. Plus, it will continue to develop and improve while direct buying will fade away, becoming obsolete in comparison.
Need more support? For any help and guidance on utilising programmatic advertising, get in touch with eighty3 creative.
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