04 December, 2013

How Publishers Hope to Close the Mobile Revenue Gap

A number of recent reports have highlighted that websites, nowadays, get over 50% of their visitors through mobile platforms. With more and more users accessing internet on their handheld devices, it has become essential for enterprise to explore innovative ways to serve ads on mobile. However, many reports have also highlighted that mobile ad rates are still negligible in comparison to conventional rates of advertisement. Therefore, each publisher will find it a daunting challenge to close the mobile revenue gap. At the same time, each enterprise must make and implement a comprehensive mobile advertisement strategy by considering some important factors.

5 Effective Ways to Close the Mobile Revenue Gap

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1) Target Multiple Mobile Platforms
Despite the rapidly growing popularity of Android, iOS still generates the maximum ad revenue. So the publisher needs to target the right mobile operating system. In addition to the popularity and market share of the mobile operating system, it is also important to consider its potential to generate ad revenue. An enterprise can further consider serving ads on multiple handheld devices and platforms to generate more revenue. However, no publisher can ignore some of the existing mobile platforms, because Symbian is still effective in generating adequate ad revenue despite being ditched by Nokia in favor of Windows Phones.

2) Personalize Display Ad Units
Similar to mobile platforms, revenue gap also exists between smartphones and tablets. So each publisher can close the mobile ad revenue by creating multiple display ad units according to user-consumption patterns. At the same time, publishers need to extend native platforms for individual handheld devices to easily serve smaller banner ads. Similarly, the animations and videos can be customized for individual mobile platforms to attract and engage the users.

3) Build Innovative Mobile Ad products
The quality and effectiveness of the mobile ad product will have a direct impact on the revenue. So the publishers can avail several benefits by building innovative mobile ad products. In addition to using the products as a medium to impress enterprises, the ad products can further focus on the needs of individual advertiser. The innovative mobile ad products will further encourage advertisers to allocate more funds to serve mobile ads.

4) Target a Higher Level of Customer Intimacy
Each enterprise wants to serve mobile ads by targeting the most relevant users. In addition to customizing the mobile ad products, it is also important for publishers to convince businesses about the effectiveness of mobile advertisement. Therefore, the publishers must explore innovative intelligent marketing techniques that enable them to serve customize mobile ads by targeting the most relevant users. However, no publisher can develop a high level of customer intimacy without putting some amount of time and effort. A publisher also needs to implement a strategy to gather information about the customers and advertisers from several reliable sources.

Despite the rapidly growing popularity of handheld devices, many organizations still allocate a large part of their advertisement budget for conventional print programs. Further, many organizations allocate funds for mobile advertisement from their overall digital marketing budgets. So the publishers must convince more and more organizations to allocate more funds for serving mobile ads. It is also important to run campaigns to make entrepreneurs realize the distinct advantages of mobile advertisement. With companies investing more funds in mobile advertisement campaigns, it will be easier for publishers to close the mobile ad revenue.

Each new mobile device comes with a set of additional and extended features. Also, handheld device manufacturers frequently integrate new technologies to deliver rich user experience. So the publishers must monitor the frequent changes in technology and user demand to close the mobile revenue gap in the long run.

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