Finding New Customers Online
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Transcript of Finding New Customers Online
Finding new Customers online
the multichannel retailer’s guideto display Advertising
is it possible to find high-quality, new customers through online display advertising?
Customers who can be acquired affordably and who will become loyal, high-AoV, repeat buyers?
Yes, if……you target the right prospects
…with the right offer at the right frequency
…and bid at the right cost per impression (CPM)
start with Better datait all begins with applying the best practices of direct marketing to the digital landscape—scoring and segmenting prospects based on superior data.
then, as you deploy your online ads, you will be equipped to:
• Invest more in the highest ranking prospects• Spend less on lower ranking prospects• Differentiate existing customers from known
prospects• Eliminate spending on likely non-responders.
this type of intelligence-driven bidding allows you to allocate your display budget proportionately, based on how closely prospects resemble your best customers.
Here’s How it works
Ad Networks
Buy Sell
Ad Inventory
Using the vast transactional data in the Wiland Database, Wiland builds predictive models that identify the most likely responders and ranks a highly targeted audience of prospects.
The winning bidder’s ad is delivered to the consumer’s browser. For Wiland clients, their ads reach the right prospects at the optimal bid price.
This targeted audience is onboarded across Wiland’s vast ad network.
Consumers surfing the Web come to various websites. Some are recognized as prospects in the target audience.
Wiland’s bids are submitted based on model ranking. The higher the prospect scores in the models, the higher the bid. The ad exchange awards the ad placement to the high bidder.
The ad exchanges make each ad call available to numerous ad networks including Wiland’s. (The Wiland ad network is integrated with over 30 exchanges.)
Websites direct ad calls to an ad exchange based on information in the consumer’s browser.
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making it measurableto measure the true impact of an acquisition campaign, wiland uses a Holdout + Served Ad
Process where a portion of the target audience is served a Public service Announcement
instead of the promotional ad. the campaign’s results—both online and off—are then assessed
and the conversion rates of the two groups are compared.
By holding the control group out from exposure to the campaign’s ads, you discover your real
return on Ad spend—your TrueROAS™.
LIFT
YourAd
PSAAd
Ad Served Audience900,000
Hold Out Audience100,000
TotalAudience1,000,000
Hold OutAudience
Conversion Rate
Ads ServedAudience
Conversion Rate
TrueROAS™
wiland trueroAs™
wiland’s proprietary TrueROAS™ is the most precise campaign assessment methodology in display advertising.
it isolates the exact portion of revenue that would not otherwise have occurred during the campaign period. this is the most accurate methodology for assessing a campaign’s incremental impact—its true return on ad spend.
Traditional Programs
Per
form
ance
Campaign Duration
Reports OnlyTotal Performance
Can’t Differentiate BetweenIncremental and Baseline Performance
Wiland Digital Solutions TrueROAS™
Per
form
ance
Campaign Duration
Provides Measureof Incremental Lift
Baseline(Happens anyway)
Accurately MeasuresCampaign Impact
other Best Practices
ReportingAs wiland manages display campaigns, clients receive regular reporting on performance.
OptimizationAs wiland monitors campaigns, bid size, frequency and other variables are optimized to maximize conversions and roi.
A/B Testingdisplay campaigns should include A/B testing of creative and other factors, similar to the methodology used in other direct marketing efforts.
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the Bottom linesuccessful acquisition via display advertising depends on two crucial factors that differentiate wiland managed campaigns from all other approaches:
leveraging the best consumer data available: the wiland database
intelligent, proportional bidding based on how prospects score in an optimal acquisition model.
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the segmented prospect audiences that we’ve created for you in the past can quickly be made deployable online.
Your wiland representative can help you plan your acquisition campaign or schedule a low-cost test.
let 2017 be the year when digital advertising becomes a driver of successful customer acquisition!
it’s easy to get started
Todd SchulteVP, digital Client services303.485.8686 [email protected]
©2016 Wiland, Inc. All rights reserved.