Monday, June 25, 2007

Google Audio Ads and Bid4Spots: The Radio Ads Marketplace War

A few months ago, Google announced a new tool for advertisers; it is called Google Audio Ads. It is an extension of AdWords, and connects radio stations to advertisers.

Earlier this month eBay said it had closed a partnership deal with Voice123’s fellow company, Bid4Spots, to start selling radio advertising as a marketplace on the Internet, eBay Media Marketplace.

In similar ways, both marketplaces allow advertisers to place budgets on radio spots through an automated system. Advertisers can choose from hundreds of stations in different regions and cities country-wide. Stations are classified by the kind of programs they broadcast and advertisers can target their campaigns to specific geographic areas, type of listeners, date and time of the day. On the other side are the stations who do the actual bidding like a reverse auction, and the lowest CPM wins the auction.

This makes it so easy for small and medium sized businesses to start advertising on radio, and for advertisers to reach new markets in such an easy way that you can find a voice talent and producer via Voice123, have your radio spot ready in a matter of hours, and then use any of these services to broadcast your radio spot to the desired audience, and all this without stepping away from your desk!

Both say they are currently testing their systems, and although Google started in December, Bid4Spots’ platform is more mature, since they were the pioneers as the first online radio ads marketplace. They just now partnered with eBay.

The war is just starting, and both systems are gearing up to compete for advertisers’ money. Time will tell who will come out victorious, or if there is space for both, as the differences between them attract different customers.

1 comment:

John Small said...

There IS a big difference between the two. Google is only in this because they think they can make a buck. I've worked with a few clients that have used Google Audio Ads and many clients that have used Bid4Spots. My impression is simple... Bid4Spots is here to help the client and answer their questions, Google is here to take their money.

I understand that my view will NOT make me popular with Google, but they NEED people like me to be honest with them too. If everyone tippy toes around the mighty google and tells them what they want to hear, they'll never improve and the "radio experiment" will fail. We know that they have the money to make it work, but Bid4Spots has the DESIRE to make it work and has proven it to many happy clients.

John Small
Founder & Owner
Great Spot Company
National Award Winning Copywriters and Audio Image Experts with over 50 World Class Voices to bring YOUR ads to life!
http://www.GreatRadioSpots.com
(605)728-3170