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SpotXchange Announces Results from Video Ad Retargeting Service
Retargeting Offering from SpotXchange Released Out of Beta
WESTMINSTER, CO (February 11, 2010) - SpotXchange announced today that it has released from beta its
video ad
retargeting service. During the past six months, several advertising clients, including DISH Network, Colorado Tourism, and Click Here have tested the beta service with considerable success.
SpotXchange's
video ad
retargeting, the first such service to be released by a
ad network
, enables
advertisers
to target consumers who have previously expressed interest in a specific product or service by visiting various pages on the
advertiser
's website.
"Arguably, there is no more effective way to utilize video advertising than retargeting prospective customers with powerful video ads,"said SpotXchange CEO Michael Shehan. "
Advertisers
invest a great deal of money in search, social media, PR, TV, radio and other forms of outreach to drive consumers to their websites.
Video ad
retargeting allows
advertisers
to continue an emotional and active dialogue with interested consumers, and convert more prospects into customers."
The beta program produced staggering results for many of the SpotXchange clients that took advantage of the service. Success was measured in a variety of ways, including conversions and click through rate.
Video ad
retargeting campaigns converted 400% - 1000% better than other forms of
targeting
, such as contextual and run of network. The most successful retargeting campaigns were in the travel, entertainment and quick-service restaurant verticals.
Click here
to download
SpotXchange's
Quick-Service Restaurant Retargeting Case Study.
"
SpotXchange's
video ad
retargeting service allows us to continue to talk to consumers who have already identified themselves as interested in Colorado by visiting Colorado.com, but have yet to sign up for the e-newsletter, the seasonal promotion or vacation guide,"said Jill Groebl of MMG, Colorado Tourism's agency. "
Video ad
retargeting is a great complement to our standard placements on SpotXchange."
In tandem with video ad retargeting, SpotXchange as of today will also make available its detargeting service, which allows advertisers to discontinue serving ads to consumers who have already purchased the advertisers' product or service, which will result in improved campaign efficiency.
By Mike Shehan On February 11, 2010
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