October 26, 1994 is a day that will be forgotten by few…it was the first day a banner ad (or any ad for that matter) was posted on the internet. AT&T paid $30,000 for the appearance of the first banner ad. While we have seen an explosion in the variety of ad types on the internet since then, banner ads still remain among the most popular. Banner ads are rectangular displays that appear on web pages but can vary in appearance, theme, and content. Even though banner ads may seem like a rudimentary advertising technique, they are still an incredibly useful tactic used by brands across the world. Here are four reasons why Bluetext believes banner ads are still an asset to any company.
Banner Ads Can Have Different Presentation Elements
Nowadays, banner ads are just downright pretty. Thanks to the evolution of graphic design, banner ads can include elements such as graphics, video, audio, and everything in between. As the world of paid media continues to grow, banner ads have evolved alongside. In recent years, it has become evident that animated banner ads are far more effective – and engaging – than static ads. In fact, animated banner ads can help increase conversion by up to 73%. The catch, however, is that animated banner ads are not easy to produce without a team of animators, especially with normal file sizing in mind. Luckily, a branding agency such as Bluetext has an experienced creative team, which proved helpful when the Graduate Management Admission Council (GMAC) needed help with a brand redesign. Part of this redesign included a new media campaign that presented personalized content through captivating visuals, engaging messaging, and efficient audience septation; in short, it helped ensure that the right message was going to the right person at the right time. As a result, GMAC saw a 153% increase in website content clicks and 400,000 more microsite visitors.
Banner Ads Increase Awareness of Your Brand and Products
While banner ads may be helpful in driving immediate sales, they also play a larger role in building brand recognition, which is vital when internet users don’t immediately click on an ad. Studies have shown that banner ads are a great way to keep your brand top-of-mind when it comes time for a customer to buy your product, which is helpful considering 73% of internet users in the United States over the age of 14 buy products online. Additionally, even though web users may not be directly looking or focusing on your ads, they will be subconsciously exposed to your brand and products through banner ads. While the ultimate goal is to drive sales, banner ads are a fantastic way to keep your company, your brand, and your products on the minds of consumers.
Banner Ads are Easily Measurable
One of the most beneficial aspects of modern-day advertising is our ability to measure the successes of the campaigns a company like Bluetext can help you run. Thanks to programs such as Google Ads and Google Analytics, we can measure data points that tell us how many people saw your ad, how many people clicked on your ad, how many people made a purchase after viewing your ad, and so much more. With help from these tools, we know the average click-through-rate for a banner ad is 0.07%. While this number may seem low, it is necessary to recognize that it has a higher action rate than billboard (.03%) and television (.05%) ads.
Banner Ads Support Retargeting
Have you ever put an item in your shopping cart and let it sit, only to see ads for that same product pop up all over your web pages? This tactic is referred to as ‘retargeting,’ which helps drive users to complete their orders (or other low-funnel action). Studies have shown that users who are exposed to retargeting banner ads are 70% more likely to complete the desired action. If that isn’t convincing enough, remember how we said the average click-through-rate for a banner ad is 0.07%? Well, the average click-through-rate for a retargeting banner ad is 0.7%, 10 times the amount!
Clearly, banner ads, especially animated ads, have their pros. With some of those pros in mind, it is vital to remember a few key tips when running a banner ad campaign. First, update your ads! Click-through-rate decreases by nearly 50% after running the same group of ads for five months. Secondly, as only 8% of customers return to their cart to finish a transaction without retargeting, it is vital to allocate some of your advertising budget to retargeting campaigns. Lastly, don’t get discouraged if your banner ads have a low click-through-rate. Other metrics, such as impressions, can show us how many people have seen the ad, even if they haven’t clicked on it. In short, banner ads are a key advertising method to drive sales and boost brand awareness. While banner ads are great alone, they are most effective when paired with other types of advertising techniques, such as paid search.