As Published in mobilemarketer
It is no longer sufficient to just count more ad placements. A wider, holistic monetization approach is required here, with some greater focus on cross-channel expansion, mobile strategy, native ads and offline marketing channels.
Here are a few monetization strategies that you must implement to stay ahead – or afloat.
1. Simply mobile
2. Go native
Native ads are telling the advertiser’s story way better than ordinary ads, thus they serve as a high-yield monetization channel for publishers.
On the user side, native ads are perceived as less intrusive, which, in most cases, may lead to higher eCPM placement deals.
Research shows that native ads draw higher click rates, especially in the mobile space.
In addition, data from BI Intelligence shows that spending on native ads is forecast to grow from $4.7 billion in 2013 to $21 billion in 2018.
Keep in mind that, for suppliers, native ad campaigns are not only harder to find and often more complicated to implement.
However, they will certainly pay back in the long term for those who jump on the bandwagon in time.
Whether developed in house or acquired, native video ads can monetize pubs’ inventories to higher yields without compensating on user engagement.
3. Go offline
Creating integrated and innovative cross-media offline marketing strategies could be as effective as the online stream across the board.
Plenty of offline channels are available through which publishers and content providers can reach consumers, re-shape brand awareness and boost ad revenues.
Red Bull, for example, gave new meaning to “the sky’s the limit” when it sent skydiver Felix Baumgartner to skydive from 24 miles above the Earth.
The company had first announced this promotional event in 2010. Mr. Baumgartner’s leap two years later became a branding phenomenon. It was included in Google’s 2012 annual zeitgeist year in review video in both the introduction and finale.
For such offline or integrated monetization strategies to successfully draw in revenue, market research about target audience and consumer behavior is a must.
WHETHER INVENTORY monetization calls for newly designed native experience, blending in offline presence, or focusing on mobile, the key is to have one coherent strategy in place.
With all the new technological developments, consumers’ tastes are getting more sophisticated and elusive. As a publisher, you will need to keep up with them if you want to stay afloat, and certainly if you want to get ahead.