Why CTV will be the channel to watch in the 2024 US elections
The 2024 US election cycle will look unlike any that have come before it, right down to the ways in which political advertisers will reach and influence voters. While past election seasons have been defined by new and deeper investments in mobile and social channels, 2024 is poised to be the year connected TV (CTV) reshapes the political landscape, particularly among regional advertisers.
Swing the vote this election season: 2024 political ad spending
Welcome to The Media Trade Upgrade blog series, where programmatic traders can get essential info to stay ahead in ad tech — all in quick, bite-sized pieces. As marketers, we talk about campaigns all day, every day, every year. But in an election year, “campaigns” get more complicated. Media planners and traders build programmatic campaigns for political campaigns. The stakes are sky-high with election ads. Experts are forecasting that political ad spends for the 2024 election cycle will range from $10 billion up to $16 billion. That’s why we’re sharing the key ingredients for programmatic campaigns that resonate with voters. 🎯 Build a winning campaign with effective targeting Political marketing is about more than finding new voters — it’s also about building loyal relationships with your existing support base. Telling personalized, compelling stories at the individual level is key to success. Ensure your DSP of choice can amplify your first-party data, align and track upper-funnel and lower-funnel efforts, and easily deploy high-impact creative across screens. Maximize first-party data Uncover the attributes of your ideal voter profile, then use that data to find audiences who look like your campaign’s loyalists. Here’s how: Utilize tactics or upper and lower funnel Align upper-funnel awareness with performance tactics to ensure opportunities to reach voters, drive clicks, and inspire poll visits. Here’s how: Grow awareness Upper-funnel tactics DOOH CTV Inspire action Lower-funnel tactics Mobile Post-CTV retargeting on mobile 🗳 Hit your political campaign goals faster We know from experience that political campaigns usually mean high pressure plus maxed-out bandwidth — for months on end. Programmatic traders are tasked with reaching voters at every milestone from early stump speeches all the way to election day. There’s good news, though: PMPs and contextual solutions can speed up campaign success. Private marketplace (PMP) Fortunately for media buyers during election season, there’s an opportunity to serve ads on sites aligned with specific campaign goals and KPIs. It’s more important than ever to look for a DSP that has a PMP with political inventory. To save you time, a political PMP should automatically be compliant with state laws. Before electing to go PMP, ensure your DSP has safeguards in place on each political bundled deal. Incorporate to… Contextual targeting We all know behavioral-based advertising is at risk due to the decline of cookies — and that contextual targeting is a top alternative. But what you may not know is that not all contextual solutions offer the same precision. Many hinge on basic metadata like keywords and location. To maintain a competitive edge, it’s crucial to leverage a contextual solution that goes beyond surface-level targeting. When you’re weighing contextual solutions on the market, make sure to leverage one that prioritizes speed. That way, your message can captivate immediate audience interest — a crucial advantage in the bustling election season. 🤝 Make your life easier — partner with a supportive account team The final ingredient to success? A strategic and seasoned account team. The right partner can make all the difference when meeting your specific campaign needs. Before launching your political campaign, make sure your DSP has a supportive team with political experience who can guide you to success. This team should help you: (and more!) If you want to connect with us, and learn how Verve can help you target voters in a meaningful way, to drive conversions and maximize ROI this election season, get in touch. We’re happy to strategize. More resources for programmatic traders
