Supply Side Platform:
It is a piece of software mainly used to sell advertising in an automated fashion. SSPs are mostly used by the online publishers to help them sell display, video and mobile ads.
DSPs are used by marketers to buy the ad impression from exchanges as cheaply as possible whereas SSPs are designed by publishers to maximize the prices that their impressions sell at.
How do SSPs actually work?
SSPs allow the publishers to connect their inventory to multiple DSPs, ad exchanges and networks at a time. This allows a range of potential buyers to purchase the ad space and for the publishers to get the highest possible rates.
When SSP throws impressions into ad exchanges, DSPs would analyse and purchase them on behalf of the marketers that depend on certain attributes such as where they are served and which specific users they are being served to.
The idea here is to open up the impressions to as many potential buyers as possible often through real time auctions. The publishers can maximize the revenue they receive for their inventory. It is sometimes referred as yield optimization platforms.
Why do SSPs matter?
Marketers don’t want to pay costly human ad buyers to negotiate with sales people over media pricing. They use the technology in order to purchase their ads more efficiently.
The problem for publishers is that programmatic may sell the risks drive the value of their inventory down.
SSPs were created to help combat this and to help the publishers more efficiently aggregate and managing the relationships with multiple networks and ad buyers.
SSPs allow the publishers to set “price floors” which dictate the minimum prices for which their inventory can sell to specific buyers or through specific channels. Some publishers run house ads than selling the impressions. SSPs can be used to dictate which advertisers can and can’t purchase the inventory.
SSP Vs Human Sales teams:
SSPs are most often used to sell the inventory that human sales team have failed to sell. Media owners are using the data which has been collected from their SSPs to determine whether human salespeople or programmatic trading returns the greatest margins and also to make the business decisions based on that information. Some publishers are also begun to use the SSP to traffic campaigns sold direct by their salespeople. SSP has not involved in the sale of the inventory but simply helps in the serving and tracking it.
The marketers in the internet who wants to advertise their brand online, a manually controlled advertising publishing system can only do so much.
Marketers more likely prefer a publisher who can take in different kinds of ad content and present them in a way which maximizes profits – a routine which must be sustained every single day.
With so many publishers out there, the slightest inefficiency or a human error could make a publisher lose out in this competitive ad environment.
Routine of supplying ad inventory to marketers would be like:
· Months of performing trial and error methods to check which deal would lead to the most profitable outcomes.
· The prices can be negotiated with a buyer to reach a fair market value for the ad space.
· Endless repetitions of this process with countless other buyers who also want to market their brand or product.
· You will have to figure out on the servers by not mentioning the complex technology.
SSPs address these concerns:
· Complex inventory can be managed through an automated system.
· Eliminate the need of manual catering to marketers.
· Ability to do everything in real time.
Benefits of supply side platform:
Being a publisher, life would be much easier with a supply side platform on your side.
It reduces the chances of error and can maximize the possibility of conversion with the least amount of work possible which allows competing in the volatile ad market.
It offers greater capacities of data collection, segmentation, and audience analysis and so on which means publishers can offer you detailed information of their available audiences allows for more precise viewers targeting for your ad campaigns.
The ad impressions will be broadened and available for you to bid in the first place. It tries to make the impressions available to many potential buyers as possible, drastically increasing the size of the market.
By using a ssp to represent their inventory on an ad exchange, publishers can able to sell their impressions to the highest bidder and access thousands of new advertisers that may not buy from the publisher directly.
When there are more sources of potential advertisers, the more revenue will be for the publishers.
SSP have so many benefits in monetizing the digital inventories. To avail a perfect business solution and ad tech products -> Click here.
