0

kennethIt is interesting as the number of hours we spend on the Internet becomes more than we spend on any media even the TV, the internet has become increasingly important to advertisers. Many are aware of the unlimited opportunities businesses and brands could be exposed to through online advertisement ,but they get frustrated each time they spend so much money putting their adverts on Google and other websites without getting the required or expected result and eventually think online advertisement doesn’t work.

What has Google got to do with this? Everything! Google makes over 70 per cent of their income from online adverts. They sure are the pacesetters online no doubt. With recent development and applications in their store, it is obvious Google no longer wants us to watch TV; they want us to be online 24 hours everyday so they can make more money through online advertisement. I got so curious and that made me ask the question I asked at the G-Nigeria event early this year in Lagos, frankly, am yet to receive an answer to that question. Well, Lets leave that for another day.

One of the benefits of online advertisement over traditional advertisement is that the former can be tracked and measured, online adverts when done properly drive instant sales with high conversion rates from prospects to consumer with a click, and they can be highly targeted at the right customers.

For effective online advertisement or campaign, the advertiser must have a defined and thought- out plan, your website which is the heart of your online adverts will have to be ready in all sense of it for the advertisement. Your plan should include your budget for the advert, payment method suitable for your advert. All of these are summed up in your Campaign Objective.

Your Campaign Objective (CO) must be well defined; this is where many miss it. Your Campaign Objective is simply having in clear terms what you want to achieve as an advertiser. It must answer some of these questions:

-what do I want to achieve with my online advert,

-what type of product-service am I advertising,

-who are my target audience, where can I find them online

-is it to let them know about my brand (Brand awareness),

-is it to make instant sales or

-drive traffic to a website or to create a demand

The answers to the above questions will help you choose the right method, the website to do your campaign and the mode of payment suitable for you.

The most common payment models for adverts online are:

Cost per thousand (CPM): this is needed when brand awareness or exposure is the primary goal of the advertiser.

Cost per Click: In this model, the advertiser only pays when their advert is clicked on by a prospect. This is most effective when the aim is to drive traffic to a website.

Cost per Acquisition (CPA): Here, the advertiser only pays when an advert delivers an acquisition. For example, buying a product, filling of a form, downloading of a file etc.This is the mode of payment used mostly in affiliate marketing.

Fixed Rate: Here, the payment is fixed as the websites offer a rate for a given space per month. This is usually good for banner adverts and campaigns that target a particular niche market.

Cost per Engagement: Here, advertisers pay for adverts placed in videos or applications such as Facebook apps based on the interaction with the advert. Advertisers pay when an action is completed by the prospects.

In conclusion, your success as an advertiser online is largely determined by your Campaign Objective (CO), so have a good plan before you put that advert! And also get an Internet Marketing expert to guide you all the way and you will benefit from the unlimited prospects online.

Kenneth Omeruo
Omeruo Ndukaku Kenneth is an Innovation Management expert,the CEO of Emerging Media,a new media company.He is a member of ISPIM - International Society for Professional Innovation Management and the US-Africa chamber of Commerce.He is the Founder of TechTrends Nigeria Blog,Nigeria Innovation Summit and the African Innovation Academy.Kenneth is a highly sought-after Internet Marketing Consultant who has through his seminars, articles, training and consulting, helped many organizations, Individuals, Businesses maximize the Internet for business purposes.Kenneth has also being featured as a guest on the TV show TODAY ON STV Nigeria and on Bloomberg Africa TV.He is the author of the best –selling Internet Book: How To Create Unlimited Internet Wealth. He is a syndicated columnist with the following Newspapers in Nigeria: Daily Independent, Financial Standard, PUNCH, BusinessDay, and Sun.Kenneth organises the EduNet Conference for Universities in Nigeria. Kenneth is a member of Institute of Software Practitioners of Nigeria( ISPON ) Roundtable For Capacity Development in Nigeria,member pre-selection committee for Nigeria at the UN World Summit Awards,a Panelist for Youth Enterprise With Innovation in Nigeria(YouWIN)-a Federal government initiative created by the ministry of finance,supported by ministries of Communications Technology,Youth Development,Worldbank and DFID. A 2013 Judge at the Google Cloud Developers Challenge for Sub Saharan Africa.He has been a contributing editor of Nigeria Communications Week,Africa Telecom and IT Business Magazine,ICT Today magazine,M2 magazine.Kenneth has been invited to the Commonwealth Telecommunications Organisation Forum, Oracle Open World Conference USA, Oracle Cloud World Dubai, and GITEX Dubai. He now lives in New York with his family and presently working on an Open Innovation project for Nigeria. You can contact Kenneth through email: (kenneth (at)techtrendsng.com) Facebook:www.facebook.com/Kenneth.omeruo On Twitter:www.twitter.com/kennethomeruo Skpe:Kenneth.Omeruo

Nigerians Need Bread and Broadband-Part 1

Previous article

ICT Development in Nigeria: 2010 in Review, 2011 in View

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *