{"id":5978,"date":"2024-01-02T06:08:03","date_gmt":"2024-01-02T06:08:03","guid":{"rendered":"https:\/\/www.myhoardings.com\/blog\/?p=5978"},"modified":"2024-09-05T09:02:19","modified_gmt":"2024-09-05T09:02:19","slug":"know-more-about-programmatic-media-buying","status":"publish","type":"post","link":"https:\/\/www.myhoardings.com\/blog\/know-more-about-programmatic-media-buying\/","title":{"rendered":"Know more about Programmatic Media Buying!"},"content":{"rendered":"

We are being guided through technology in almost all spheres of life today. Be it entertainment, travel, food, shopping or education, we are being supported with high-end technology everywhere to make our life easier and faster. In the advertising field too, programmatic media buying advertising has made it easier for advertisers and brands to buy or sell ad spaces easily and at affordable rates.<\/p>\n

To get complete understand of how programmatic advertising works, let\u2019s first understand, what is programmatic advertising<\/a>?<\/p>\n

Programmatic advertising<\/strong><\/h2>\n

Programmatic advertising works on digital formulation instead of the traditional manual buying and selling of advertising space. In programmatic advertising, through the use of data insights and algorithms, the ad space is made available to the right users at the right time at affordable pricing. Through programmatic advertising, the process of buying and selling ad space becomes hassle free as well as transparent. The technology is used to sell and buy ad spaces in digital media outlets such as websites, apps, digital out-of\u2013home screens etc.<\/p>\n

Programmatic advertising involves programmatic media buying.<\/strong><\/h3>\n

Programmatic media buying is the process involved in buying an ad space online. This can be done in three different ways:<\/p>\n

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  1. RTB- Real-Time-Bidding<\/strong><\/li>\n<\/ol>\n

    As the name suggest, this ad space buying involves real-time bidding<\/a> by users to get the ad space they wish for. Here, the ad space is sold or bought through an auction open for all publishers and advertisers. This type of media buying is best suited for ad space that address mass audience such as digital outdoor screens at airports.<\/p>\n

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    1. Private Marketplace or PMP<\/strong><\/li>\n<\/ol>\n

      Here, the bidding takes more privately as opposed to RTB. The bidding is through auction but the participation is on \u2018invitation-basis\u2019 only. The selected advertisers have the access to participate in PMP auctions.<\/p>\n

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      1. Programmatic Direct:<\/strong> It is the media buying process where the publisher does not holds any auction for selling space rather it sells the advertising space to one or multiple advertisers at fixed prices.<\/li>\n<\/ol>\n

        \"Media<\/a><\/p>\n

        Other important aspects of Programmatic media buying<\/strong><\/h3>\n