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By Or mortiner on Dec 21, 2011 |Advertising
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Real time bidding or RTB technology is one of the systems that you need to learn more about if you want help with your online advertising campaign. It is a special technology that allows advertisers to bid for certain impressions in real time. You can pay the right price that you want, at the right time and to the right user that you want to reach.
Right price
Other modes of pricing involve payment of fixed price for a bucket of impressions. Some pay for a bulk of 1000 impressions. With the RTB system, advertisers bid for the price of the impressions that they want to buy.
Just like when the item up for sale goes to the highest bidder in an auction, the impression in online advertising also goes to the highest bidder in RTB. The advertisement of the highest bidder will be shown in the specific website.
That is why an advertiser must be wise in the amount that it assigns to certain impressions. Certain kinds of users can be more valuable than another.
Some of the valuable impressions that can receive higher bids than others include a user who is viewing the advertisement for the first time, a user who has been to your website before, or a user who likes to view websites that are the same as your website.
When the advertiser wins a bid for a targeted user, there is a higher chance that the user will have a positive response to such advertisements. They would probably make a purchase because of the advertisement.
Right time
With RTB technology, the bidding system happens in real time, for about 150 milliseconds. They can target who is online at the present moment in certain websites.
When advertisers bid, they bid for the user who is online in specific websites. Whoever has the highest bid for the specific impression, he will be awarded that spot for advertisement.
This type of bidding doesn’t take a long time such as those that people observe in an auction. It happens in a very short time. After a bid is won, bidding will happen again.
Right user
The Real Time Bidding system also gives value to targeting the right audience. It is important that advertisements are shown to users that are more likely to have a favorable action such as the purchase of products.
An example can be that of an internet user usually visits websites that feature great travel destinations and they visit a site that uses the RTB system when serving advertisements. There are various advertisers that want to attract the attention of this type of audience. Among these advertisers, the one who has the highest bid will have their advertisements appear when that user is in that page.
The real time bidding system has a lot of advantages when serving your advertisements to users. You can bid for the price that you like, in the real time and to the targeted audience that you want. You can learn more about the advantages of using the RTB technology.
Check out www.adgorithms.com and learn more about performance ad network You can also search the net about Internet advertising and RTB technology
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