Offering deals and discounts to retain your advertisersIf you plan to have ad serving on your website, you might think that acquiring advertisers is going to be the hardest part. However, it is not nearly as difficult as you might think, especially if you have an audience that is attractive to potential advertisers. By that, we mean having thousands of real visitors who spend a good deal of time on your site, interacting with and sharing what they see there. Once you get advertisers on board, what you may find that retaining them is the toughest part, as they will definitely want to see some sort of returns on their investment and explore other options. Next, we will discuss what you can do to sweeten the pot and keep them renewing their ad contracts:
Cycle and seasonIf you run a website that is considered to be seasonal, such as a website all about the best summer vacation spots then you are going to have limited access to relevant advertisers year round. These advertisers are not willing to pay top dollar during the slow season. Thus, you need to think about offering up deep discounts when it is no longer in the peak traffic season. In our example, people do book summer vacations year-round and so they may still be willing to act on ads that appeal to them and it is a win-win situation for advertisers if they can capture those off-season sales while enjoying a saving on their advertising campaign.
Percentage discountIf you have advertisers that are on the fence about renewing their ads with you, it may be a good idea to offer up a renewal discount. This does not need to be a massive price slashing event, as a discount in the range of 10-15% is very often enough to push an advertiser to your side of the fence, especially if your advertising rates are already reasonable.
Order-total discountWhile some advertisers are happy with a small space on your site, a limited run or a single ad, other advertisers may want to blanket your site or have an extended run of multiple ads. If you come across an advertiser looking to go the latter route, you may be able to entice them into a larger spend by offering an order-total discount, or a bundle. For example, 10% off the total price if a certain minimum commitment is met. If their total advertising outlay on your site would normally cost $1000 for several ads, that $100 savings is a very nice incentive.
Reducing feesSome publishers have administrative, setup, or add-on fees to the total cost to advertisers, a practice that can often discourage or scare some folks away. Making these services free, or delivering them at a reduced cost, makes you look easy to work with, which might just sway an advertiser sitting on the fence.
Future ad creditsIt pays to reward existing advertisers who have already placed ads on your site by giving them future ad credits to play with. This works particularly well with seasonal advertisers, as they will almost certainly come back to you if they have a $100 credit at your site burning a hole in their pockets. The advertisers are helping you maintain and grow your business, so be sure to give them a little love in return.
Posted in Ad Pricing Selling Ads Directly AdServer for Publisher AdServer for Ad Agency by Watson F November 23, 2018
- How to handle advertising on your website during the slow season?
"Websites are open for business all year round, but in some instances, there are going to be sites that experience slower periods at certain times of the year. For example, if you operate a site devoted to ski equipment, it’s probably fair to suggest that you won’t see a ton of action during the spring and summer months. " More
- Common mistakes when setting advertising price for your website
"When you get started with your first website, there are probably a lot of things that you do not know. Much of what you do as the website grows will be as a result of trial and error. " More
- How to increase your advertising revenue
"Clearly, website owners place ads on their websites to make money. In some cases, it is the only stream of revenue and in other cases it is simply a way to make some extra cash. " More
- What is ad serving?
- Five ideas for publishers to help their advertisers
- Why should you add video advertising to your website?
- Privacy considerations with online advertising
- Pros and cons of having a dedicated landing page for each ad
- Earn advertising money from your hobby site