There are several solutions available for buying and selling traditional media like TV, Radio, Print, and OOH (Out-of-Home), each with its own advantages and disadvantages depending on your specific needs:
For Buyers:
Media Agencies: Traditional media agencies offer a full-service experience, handling everything from campaign planning and strategy to media buying and execution. They have strong relationships with media owners and can negotiate good rates. However, their fees can be high, and their approach might be less nimble than smaller options.
Direct Buying Platforms: Online platforms like SpotX, OpenAP, and Magnite allow advertisers to buy ad space directly from publishers and broadcasters. This offers more transparency and control but requires more expertise in negotiating and managing campaigns.
Programmatic Buying: Utilizing platforms like Google Display & Video 360 and Xandr allows for targeting specific audiences across various traditional media channels and automated buying for efficiency. However, it might not offer the same level of customization as direct buying.
Ad networks: These networks aggregate ad space from multiple media owners, offering buyers access to a wider inventory. However, targeting capabilities may be limited, and pricing might not be as transparent.
For Sellers:
Sell-side platforms (SSPs): These platforms automate the ad selling process, connecting publishers and broadcasters with buyers directly. They offer real-time bidding and reporting tools but require technical expertise to set up and manage.
Ad exchanges: These marketplaces connect buyers and sellers of ad space, offering a wider reach but less control over pricing and targeting.
Direct Sales: This involves selling ad space directly to advertisers, offering more control over pricing and relationships but requiring a dedicated sales team and effort.
Other options:
Additional factors to consider:
Budget: Different solutions have varying costs associated with them.
Expertise: Choose an option that aligns with your level of media buying/selling experience.
Campaign goals: Consider your targeting needs, desired level of control, and campaign complexity.
Media type: Different solutions specialize in specific media (e.g., TV vs. Print).