Did you know that there are over 600,000 new businesses across the United States each year? However, many of these companies fail within the first few years. Keep reading to learn the differences within digital CTV vs OTT!
Choosing the right form of advertising is crucial when it comes to ensuring the longevity of your business. However, not anybody understands which is best for them. This is particularly true when it comes to CTV vs OTT advertising.
We’ve put together a brief guide that outlines key information you should keep in mind.
What Is CTV Advertising?
This term stands for Connected TV advertising, and it is a type of digital marketing that uses Internet-connected devices to show video content.
This could be through a smart TV, gaming console, or streaming media player. With this type of advertising, a user would have to be connected to the Internet to view the ad
What Benefits Does It Offer?
CTV advertising offers a few key benefits that make it an attractive option for businesses.
It provides businesses with the ability to target specific audiences with laser precision. This is done through data-driven targeting methods such as retargeting and lookalike modeling. CTV advertising also allows businesses to track ad performance in real-time.
This provides valuable insights that can be used to optimize future campaigns. Finally, CTV advertising is less intrusive than other forms of advertising, such as pop-ups, which makes it more likely to result in a positive response from viewers.
Are There Any Drawbacks?
CTV advertising is not without its drawbacks, however. One of the main ones is that it can be expensive, particularly if you are targeting a large audience.
Additionally, CTV advertising requires a high level of creativity to stand out from the crowd. This means that it may not be suitable for businesses with limited resources.
CTV advertising is still in its early stages compared to OTT, which means that there is a lack of standardization. This can make it difficult to measure results and compare them to other forms of advertising.
What Is OTT Advertising?
OTT stands for Over-The-Top, and it is a type of online video content that is delivered via the Internet instead of through traditional cable or satellite providers. This means that it can be watched on any Internet-connected device, including smart TVs, laptops, smartphones, and tablets.
What Are the Benefits?
OTT advertising is similar to CTV advertising in that it offers targeted demographic data that can be used to select which ads are shown to which viewers. However, the main advantage of OTT advertising is that it allows for more flexibility in terms of ad placements.
For example, OTT ads can be placed before, during, or after the main video content. Additionally, OTT advertising is less expensive than traditional TV advertising, making it a more cost-effective option for businesses.
Are There Any Drawbacks?
There are a few drawbacks to OTT advertising that businesses should be aware of. One is that it requires Internet connectivity, which means that viewers may not see the ad if they do not have an Internet connection.
OTT ads are not always skippable, so viewers may be forced to watch them even if they are not interested.
CTV Vs OTT: Which Is Better For My Business?
The answer to this question depends on your specific business goals.
If you’re looking for more targeted advertising, then CTV is probably the better option. However, if you need more flexibility in terms of ad placements, then OTT is likely the better choice.
It’s up to you to decide which approach is best for your business. The ideal choice will depend on a number of factors, such as your budget, your target audience, and the type of product or service you’re selling.
What Is the Best Way to Get Started With My Choice?
Implementing your chosen form of advertising can often be difficult unless you have a sufficient amount of experience with doing so. For this reason, working with a professional agency that specializes in CTV or OTT advertising is often the best way to get started.
This will ensure that your campaigns are planned and executed properly and that you have access to the necessary resources and expertise.
What Should I Look For in a Professional Agency?
When choosing a professional agency, there are a few key factors that you should look for.
First and foremost, you want to make sure that the agency has experience with the specific form of advertising that you’re interested in. Additionally, you’ll want to ensure that the agency has a good reputation and is able to provide case studies or testimonials from past clients.
Keep an eye out for any feedback that doesn’t seem genuine, though. Understanding how to recognize fake reviews can go a long way.
Finally, you’ll want to verify that the agency is able to work within your budget and provide a fair price for their services.
One of the best ways to figure this out is by booking a call with them to see what they have to offer and how they stand out from their competition.
Choosing the Right Form of Advertising Is Crucial
As long as you keep the above information in mind about CTV vs OTT, you should be able to make the best decision for your business. From here, you will be well on your way to reaching target metrics like never before.
Want to learn more about what we can do? Be sure to reach out to us today and see how we can help you.