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View Full Version : Trail the Unexplored Path - Explore Gold Mines



mobidea
05-16-2016, 06:53 AM
At times, in life, there are things to explore. Theyíre like hidden secrets that we persistently insist on not noticing. In Media Buying, this resistance to explore new paths is something we see every day. Thatís why Iíve decided to write an article devoted to the unexplored; to the many gold mines inside your campaigns that are hidden out there, waiting for someone brave enough to explore their full potential.

In Media Buying, we often see that there are different aspects to be analysed. It could be a really good operating system (OS), device, browser, language, etc. Nevertheless, the key is not only how but when we decide to monetize them on separate campaigns. In this post, Iíll take you through the process of finding and optimizing what is usually left unexplored or at least is not explored to the maximum. Iíll use a specific Exoclick campaign as an example in the attempt of making my ideas crystal clear. Trust me: by following these tips, youíll get to boost your revenues in no time!

Normally, youíll start by creating a RON (Run of Network) campaign for a specific operator and spot (ex. 300◊100, 300◊250). A RON campaign targets all the websites of the Ad Network in a specific spot. Therefore, it allows you to gather data, the importance of which will depend on whether or not you know how to analyse the information displayed. Usually, thereís an amount of time that needs to go by in order for you to garner a considerable volume of data. This period is related to the different countries and each country will present a new situation. For instance, countries with low payouts (revenue per each conversion) and high volumes, such as Thailand, will make this data available to you much faster; on the other hand, countries with higher payouts and less volume, such as Switzerland, will definitely feel like a tougher challenge.



Finding it!

When youíre optimizing your campaigns, thereís something you can never forget: you always have to make sure you understand whatís really affecting their performance. Once you do, it becomes easier for you to look for whatís bringing money and if itís worthwhile to separate it from your RON campaigns. Normally when a specific OS/device/browser is really good, its CPA on ExoClick is much lower than the average payout of the offer that youíre promoting on the RON campaign. Now imagine that Ė adding to this Ė you have a considerable amount of conversions. Wondering what it means? It means you can be close to finding a gold mine!


https://academy.mobidea.com/wp-content/uploads/2016/05/Nelson.jpg


On this tab, you can check an example of a RON campaign with the payout of 1Ä. If you analyse it, youíll see the device 4 has a cost per conversion (eCPA) of 0.34Ä. This means that youíll win 0.66Ä per each conversion. This particular device Iíve picked is much better than the other devices. Why? Due to the fact that Ė in comparison Ė this one not only has a low cost but also a remarkable number of conversions. Low eCPAs can be caused by a low average CPM (cost per one thousand impressions), a high percentage of Click Through Rate (CTR) or both. Having a low average CPM, in most of cases, means you donít have a strong competition Ė your eCPA is low simply because youíre paying a penny for it. In my example, device 4 has low costs because of the high percentage of the CTR. If you see the tab above, my average CPM is similar to all my other devices. Thus, the low eCPA is a result of the number of clicks, and reflects the higher number of conversions for Samsung Tablets. This basically lets you know youíre possibly discovering a money making machine!

Indeed, device 4 has an eCPM (revenue per 1000 impressions) of around 0.48Ä, and Iím paying 0.156Ä on the current campaign. This means that 0.48Ä is the maximum you can afford to pay for this device, at least for now. The next step is to separate this device and put it on a new campaign. You should be aware of a rule that few Media Buyers seem to take into consideration: when it comes to picking the potential good aspects from your RON, thereís no ďright timeĒ. In fact, if thereís such a thing as an intuition, this is when youíll be asked to use it. This is the part that will define your Media Buying career; itís the time to use critical reasoning and detailed analysis to ascertain whether or not the eCPA, the number of conversions, and the eCPM are safe enough for you to separate the good aspects of your campaigns.

As for your RON campaign, you can come across two different situations: 1) the campaign remains profitable with positive margins and you just need to optimize it in search of new gold mines; 2) the campaign is no longer profitable. In this case, donít worry. If there comes a time in which you start turning huge profits by optimizing the RON-generated data, then the campaign has served its purpose. You know what? You can even reopen a specific RON campaign later on. Why? To continue exploring new opportunities to make a cash cow!



Be bold!

Since you know that your new campaign has a lot of potential, you can secure the first position with a high bid, in order to make sure no one will steal your gold! After securing your position, the next step is maximizing your campaign: calculate your profit margins and Ė if theyíre promising Ė increase the capping. The goal is simple: to have the new campaign on the first position and the capping disabled.



Can I get more juice?

In my example, the RON campaign was initially created for the operator with the best performance. My new gold mine has a good solid targeting, so what more can I do? Iíll open the same target for the second best operator. If it works, Iíll try another one! When you feel you canít possibly get more juice from your campaign, test other operators with the same target. Itís probable that youíll be rewarded ;)

Finding these opportunities and later monetizing them can really make a huge difference and ultimately increase your revenues.

You can mark my words: once you start doing it, youíll become addicted!




Dare for more?

Check the Mobidea Academy (https://academy.mobidea.com/?utm_source=mediumpimpin&utm_medium=trail-the-unexplored)!