Advertisement technology (ad tech) can look intimidating, especially with all the acronyms, but using a supply-side platform (SSP) can help your website reach maximum potential. SSP advertising can help sell ad space on your site, earning you extra money for free space you already have.
What is SSP?
A supply-side platform by definition is ad tech that allows web publishers to run ads on their page and receive income. It is a software that connects web publishers to sell their ad inventory (blank space on websites) to advertisers. The program uses an algorithm to determine what ads to display.
Ad technology can be complex, so let’s break it down.
SSP (also known as a sell-side platform) is a form of programmatic advertising. Programmatic advertising allows the computer software to make digital purchases for you, instead of having to negotiate terms for advertising. Before programmatic advertising was created, web publishers would have to seek out advertisements that fit their brand’s audience and negotiate a deal to put ads on specific places throughout your site. With the number of web publishers, advertisers, and audiences continually growing, this wouldn’t be a viable way to advertise today. SSP allows a complex process to become a simple way for you to make money.
Supply-Side Platform (SSP) and Real-Time Bidding (RTB)
SSP works with real-time bidding (RTB), which is an automated auction that happens to determine which ads will appear on the web page someone is searching for. The crazy thing about RTB is it takes place in a matter of milliseconds to negotiate and select ads that best fit the consumer. This process takes place while the web page loads. Real-time bidding allows web publishers to optimize the amount of ads that can be shown on their ad inventory. RTB is sold on impressions, which means every time an ad appears on your site, it is counted. The viewer doesn’t even need to click on the ad for you to make money. If the ad is on your site, advertisers are paying for it. That equals more money for your site by the number of ads that can be shown.
What is SSP Summed Up?
Supply-side platform (SSP) sounds like a more confusing concept than it really is. Here is what you need to know:
- It is advertising done digitally and automatically so you don’t have to put in work
- It fills your ad inventory by connecting to advertisers that viewers will engage with
- Gives you more control over the prices of ad slots
What is the Difference between DSP and SSP?
There isn’t much of a difference between DSP (demand-side platform) and SSP, except who the technology software serves. They are similar in what their job is but work on opposite sides of the deals. One works for the advertiser (DSP) and the other the web publisher (SSP).
DSP (Demand-Side Platform)
Demand-side platform (DSP) is a tool that advertisers use to buy multiple ads through one interface. It can get ads at a cheaper and faster rate. DSP is a system that benefits the advertisers (the buyer). RTB helps advertisers not waste time on impressions that won’t interest the viewer. Instead of throwing their ad on a site, RTB takes into consideration the audience viewing the page. This platform uses information gathered on the viewer to help select the best advertisement to show. It allows for advertisers’ budgets to be maximized by showing the ad to the right people.
SSP (Supply-Side Platform)
SSP advertising benefits the publisher (the seller). It automatically makes a sale for the web publisher. It allows you more control over the ads that appear on their site.
- Filter ads based on certain criteria or even advertisers
- Set “price floors” that allow you to not have to settle to “fill the space” with an ad by having to lower your standards for what you want to be paid
How do DSP and SSP work together?
They work together to auction the available space based on the information they have about the consumer. Then, the technology automatically buys the best option that fits the viewers information. It also benefits the seller by selling the available space for the highest bid within relevance. The system comes to a settlement on the price of the ad and it is then shown to the consumer. It becomes a win-win. The buyer reaches the audience they are aiming to target. The seller gets revenue without having to negotiate terms or place the ad directly on the web page themselves.
Supply-Side Platform Benefits:
You might still be questioning if programmatic advertising is the right move for your website. Here are five benefits that SSP will bring to your site.
1. Fill Your Ad Slots
One of the number one things SSP advertising will do for your website is to increase your site’s fill rate. A fill rate is a measurement that tells if an ad spot is typically vacant or filled. This helps gain more money when the site’s ad inventory is filled because more impressions are being bought.
2. Opens Up Your Market of Potential Buyers
When you go from an ad agency with a few brands to having a market open of potential buyers, ads get filled faster. This goes back to the number one thing SSP can do for you, fill your ad slots. It also allows you to expand your advertising pool and set the criteria that you want your ads to have. You no longer have to pool from companies you know or local ads. SSP will automatically select the ad that is best for your viewer.
3. Set “Price Floors”
Another nice perk of SSP is the ability to set “price floors”. A “price floor” allows you to set a minimum amount to be paid for each ad space. Any buyers that want to go below that amount will automatically be filtered out to optimize your revenue. This is important because you know your company is getting what they are worth in every advertisement going on your website.
SSP advertising selects the highest bidder above the limit you value your ad slots at. To maximize your ad slots you can change “price floors” based on which page the advertisement will appear. The pages with more traffic can have a higher limit, than one that doesn’t see as much traffic. This gives flexibility in your prices that can secure ad inventory to be full.
4. Selects Best Ad, Not Highest
Having ads that are relevant to what your viewers are interested in, increases the likability of your site. If consumers are constantly seeing an ad over and over, the impressions on the ad will drop. This is because people like to see a change in their ads. SSP selects the best ad suited for each viewer with the highest bid. The software won’t select an irrelevant ad because it happens to be the highest bid. It takes the information given and applies it to give your viewer for the best advertisement experience on your site.
5. Limits Ad Impressions
As mentioned above, SSP selects the best ad, but there’s a limit on how often a viewer can see the same or similar advertisement. By capping the ad frequency it helps the viewer to stay satisfied. It also makes sure the publishers’ ads do not become annoying. Sometimes the publisher can even ask if the viewer found relevance in the ad to allow the SSP software to learn more. After the feedback is given, the system can target audiences in a way that gives them the best advertisement experience.
How Can I Advertise with SSP?
SSP advertising is made easy for the publisher. If you have a website with consistent traffic and quality content, SSP advertising could bring you steady revenue.
To Start SSP Advertising
- You should select an SSP service that fits what you desire for your website.
- This company will manage and run things on your behalf. It takes the stress out of having to manage your ads.
- Continue the regular content that makes your website and watch your income increase.
- The SSP managing company will increase the number of buyers, ad revenue, and overall user experience with advertisements on your site.
Start Maximizing Your Website Today!
If you have a website that you want to sell ad space on, you should consider using SSP. Your company will benefit from using this ad technology, guaranteed. It allows your site to maximize profits without having to do any work. The future of advertising is here. It is using a supply-side platform to help manage ads that are best suited for viewers on your site.
This form of advertising is only growing. Getting started is easy with the right people guiding you. For help with programmatic advertising, contact SEO Design Chicago today!
FAQs about Supply-Side Platform:
- How does SSP (Supply-Side Platform) work?
- What is the difference between DSP and SSP?
- How can I advertise with SSP?
- What is Supply-Side Platform advertising?
- What are the benefits of using SSP advertising?