5 Strategies of Performance Marketing that Digital Marketers Use
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If you don’t know what performance marketing is then let me tell
you, you have probably come across it without even realizing it, you might have
seen them while scrolling through sites or watching videos. It is a type of
advertisement where the company or brand only pays the agency providers once
their goal is achieved, in simple terms, these service providers are the Marketing Agencies in Dubai.
As the name suggests it is based on performance evaluation, making
it a more customer-oriented service, where the brand or business will only have
to pay the service rate when the marketer has succeeded in achieving the set
goals.
Read More: Digital Marketing needs for the fashion industry
Every task and activity is evaluated, reported, and then analyzed in comparison with trusted performance indicators. This technique is used to optimize and improve performance along the way. The strategies they use are as follows.
1.
Cost per Mille
CPM is the cost a company or brand will pay the advertiser for every time their ad is shown a thousand times. It is also known as cost per thousand. This strategy does not analyze the action or reaction of the viewer who saw the ad a thousand times, it only regulates the number of times the ad is shown. The brands don’t prefer the use of such tactics anymore but rather are shifting to more action-oriented strategies.
2.
Cost per Click
For CPC the brand will pay only for the number of times the ad is clicked on. This shows more engagement with the audience compared to the CPM strategy. The CPC will be higher when a more focused audience will be reached to show the ad, the more likely a potential customer is to turn into a loyal customer the higher the cost per click will be to target only the potential audience. It is a costly strategy but the results are promising.
3.
Cost per sale
The payment is only made when a customer purchases what was generated by the ad. When and if the targeted goal is achieved the advertiser is paid, it might be downloading of an app or the purchase of a product shown in the ad. The result from these marketing efforts is considered as most tangible and measurable.
4.
Cost per leads
The price is paid when the company receives a sign-up, the strategy is then determined as a success.
5.
Cost per action
When a set goal is achieved, the payment is made to the marketer, it may be the sale of a product or a click that directed the audience to the company’s site, or even the filling of their form.
Choosing the right creative agency in Dubai is crucial to run any digital campaign because they are responsible for establishing your brand name and its image, they run your social presence on the internet. First check which Marketing Company in Dubai offers the services that you require and then choose your best bet.
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