Audience Targeting – Key to Revenue MaximizationDFP Expert
With the increasing popularity of online advertising, one of the most important things to keep in mind when using digital advertising as key strategy for your business is the deliberate audience targeting.
Nowadays, online advertising has become an important way to create brand awareness, increase sales and maximize revenue. One of the reasons that online advertising has become so popular is its ability to share product information with anyone without any geographical boundary. Nonetheless, this freedom to spread information that online advertising allows is not always beneficial.
The market for almost every product has become unimaginable versatile and differentiated. Thus, implementing general approach by assuming that all audience segments can be equally interested in the product that you offer is no longer an option. Trying to deliver product to every available niche is incredibly difficult and inefficient.
On the contrary, the right audience targeting gives clear ideas as to whom you business should serve and what message it should deliver.
For example, social media allows you to target audience based on demographics, location, hobby, and behavior. Groups are created based on users’ internet surfing history, and only ads that are relevant to their interest are shown. This results in higher yield for lower cost and thus increase the return on investment.
Here is another example of targeted advertising, that engage the most relevant audience by choosing users based on their online behavior. Imagine that your company only specializes in selling eBooks. For you, the most efficient way to manage your advertising spend will be to target your online advertisement to only those who visit websites like Goodreads or Scribd. This will not only significantly increase the sales, as only already interested customers will approach your website, but will also reduce your advertisement spending.
There is yet another reason why the audience targeting maximizes revenue. It allows saving time, energy and money significantly while writing content for advertisement. If you know more about the audience for whom you are going to write, the writing process itself becomes easier and requires fewer people and consequently less money.
Therefore, the audience targeting is beneficial for both companies that advertise their product, and customers that are interested in the product. It increases the effectiveness of online advertising and enables a better use of advertisement spending.