Reach New Customers with Paid Media: A Comprehensive Guide
What Is Paid Media?
In a nutshell, paid media is any marketing channel you spend money to feature on. Unlike earned media, which is unpaid publicity, and owned media, which includes platforms that your business manages and controls, paid media requires an investment to promote your message on third-party platforms.
Types of Paid Media Marketing
There are various types of paid media marketing that you can utilize to reach your target audience. Some common examples include:
1. Search Engine Advertising
Search engine advertising allows you to promote your ads on search engines like Google, Bing, Yahoo, and Ask.com. By bidding on keywords and creating compelling advertisements, you can target people who are ready to buy and increase your chances of making a successful sale. With search engine advertising, you can appear at the top of the first page of search results, giving you immediate visibility.
2. Display Advertising
Display advertising involves using images, videos, and text to encourage visitors to click on a link to your website. This can take the form of banners on websites or sponsored ads. The Google Display Network, for example, consists of over two million websites and mobile apps that businesses can display their ads on, reaching a wide audience and increasing brand awareness.
3. Paid Social Media Advertising
Social media advertising is a booming industry, with platforms like Facebook, Instagram, Twitter, LinkedIn, TikTok, Pinterest, and Snapchat offering paid advertising options. Social media ads allow you to target specific audiences based on factors such as age, gender, location, and interests. With nearly 60 percent of the global population using social media, paid social media advertising is an effective way to reach potential customers.
4. Video Advertising
Video advertising leverages the popularity of online videos to capture people’s attention and promote your brand. Platforms like YouTube, Facebook, and Instagram offer opportunities to display short video ads that viewers can click on to learn more. Videos are engaging and appealing to users, making them an effective way to generate interest and drive conversions.
Benefits of Paid Media
Paid media offers several advantages for businesses looking to reach new customers and achieve their marketing objectives. Here are some key benefits: