When the economy takes a nosedive, such as it does during a global pandemic or some other type of disaster, we enter into a time of fear and uncertainty. Businesses and consumers both need to be smarter with their money, which can lead to a bit of a slow down in the world of ad serving.
Ad serving in an uncertain economic time
Ad serving in an uncertain economic time
Watson F
Writes on ad server software, involved with AdSpeed ad
serving software/ Adspeed adserver
When the economy takes a nosedive, such as it does during a global
pandemic or some other type of disaster, we enter into a time of fear
and uncertainty. Businesses and consumers both need to be smarter
with their money, which can lead to a bit of a slow down in the world of
ad serving. This makes sense when you consider that people don’t really
want to see ads for things they cannot currently afford. At the same
time, some businesses cannot keep putting up ads at a time when sales
are going to take a hit. This is not to say that all ad serving needs to stop
during those uncertain economic periods, but there are a few things
that need to be taken into account.
Flexibility
Companies need to be smarter about how they go about their business
during periods of economic uncertainty. One of the best ways to do this is to
deliver more flexible options for customers. One way that a business can
advertise and help their customers is to run ads that talk about on-demand
services that are easy for customers to upgrade or downgrade anytime.
Temporarily removing restrictions and penalties is another move that will be
seen in a positive light by consumers. It also encourages sales since
customers know they can make changes if needed.
Core services versus add-on modules
Companies that offer a variety of different services want consumers to
try several different things by ordering bundled options. While people
can save money doing that, they are less inclined to pay the extra
monthly or one-time payments for a bundled set of services. In
economically challenging times, basic services are more popular so it is
time to focus on offering a competitive and affordable pricing.
Discount or loyalty bonus
If you have customers or clients who have been with you for a long time,
now is when you should really pamper them. One of the best ways to do
that is to offer up discounts or a loyalty bonus that will allow them to
continue to use your services without them needing to break the bank
to do so.
Forward thinking
Even in the very worst of times, we all know that the day will come
when we are back to normal or adapt to the new normal. This is
something that both advertisers and publishers need to keep in mind in
tough economic times. While the natural reaction is to cut spending
down to nothing, it still pays to think of the future, continue getting your
message out to the buying public and maintain relationships with your
clients and business partners. Be ready when things do return to the
way they once were and be proactive to adapt with new changes.
Projecting a positive image
The worst thing you can do, at any time, is to deliver a message of doom
and gloom. People have their own things to worry about and do not
need to hear about a business struggling from an ad. Instead, the thing
to do is to stay as positive as possible, while also adapting and making
changes that will benefit the consumers and ensure your business
survival. Maintaining a cool head and spreading a positive message is
something that will be remembered long after the economic downturn
ends.
About Adspeed
AdSpeed ad server is a reliable & powerful ad serving and ad
management solution that serves your ads, tracks impressions & clicks
and reports ad statistics in real-time. Driven by the latest ad serving
technologies, the goal of Adspeed adserver is to provide a reliable
platform that can help in executing online advertising strategy more
efficiently.
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