Are Your Media Reps Asking About Paid Search?
In b-to-b marketing, PPC commands a bigger portion of the budget than print.
If your sales staff sells traditional media, understanding how paid search works is a big plus. Today, about half of all online ad dollars go to search, so it is important to understand where most of online money now goes.
The first step is for media reps is to ask clients how much of their ad budget goes to search. Many are surprised at how much of the marketing plan goes to a format that started in its current form only 12 years ago—2000 was the year Google first started selling advertising based on keywords.
The year search really broke out was 2008. In that year Google indexed a trillion web pages, but more importantly, acquired web analytics giant DoubleClick enabling them to, "dramatically improve the effectiveness, measurably and performance of digital media for publishers, advertisers and agencies."
Leveraging the resources of DoubleClick, Google was able to improve the metrics for advertisers and offer "more precise metrics in order to judge the effectiveness of their campaigns." With improved metrics came better documentation of the effectiveness of search and and improved sales.
The year 2008 was also the year b-to-b print advertising, a medium challenged with documenting results, started to falter. Coincidence? Hard to say.
But let’s look at the present. A recent study of b-to-b marketers from Marketing Sherpa showed budget allocation for paid search is now ahead of print advertising, no small feat for a medium where ads often cost between 30 cents and five dollars each. Think traditional media does not compete against search for ad dollars? Think again.
Do your media reps know how to position their products against paid search? It would be best if they could.