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Chase had ads on 400k sites, then on just 5k, with same results

nytimes.com

11–20 of 156 posts

Re: Chase had ads on 400k sites, then on just 5k, with same results

#11
post #8

"An intern then manually clicked on each of [the 12000] addresses to ensure that the websites were ones the company wanted to advertise on." - true hero of this article

Hey JPM has a meal allowance if you stay late. You can even stretch it to tomorrow's lunch if you're smart about what you get.

Re: Chase had ads on 400k sites, then on just 5k, with same results

#12
post #7

> At some point, a human is going to take a look. I recently saw a talk by Foster Provost, a big ML guy at NYU. The main points of his talk were that using fine-grained behavioral data (like browsing history) is better than demographics (at least in his context: predicting ad lift), and he proposed a way to interpret the model (somewhat). I left feeling disappointed. His system for interpretation was super post-hoc a…

It's not being stupid it's designed that way. "Gee that'd suck if somebody else bought ads for all your organic keywords. Sorry we don't have a better way to prevent that, you should bid on those."

Even if Google did provide a provision for blocking ads for certain keywords (and they do have one), who controls that system? Amazon is also a bad example since many 3rd parties affiliated with - and driving traffic to - Amazon buy those keywords.

Re: Chase had ads on 400k sites, then on just 5k, with same results

#13
post #4

> Surprisingly, the company is seeing little change in the cost of impressions or the visibility of its ads on the internet, she said. If/when other companies switch to this strategy, they’ll all be competing for less inventory and cost will go up accordingly.

At the same time good content providers will be paid more. So overall it is a good thing for the web. Content farming won't be worth much either.

Re: Chase had ads on 400k sites, then on just 5k, with same results

#14
post #7

> At some point, a human is going to take a look. I recently saw a talk by Foster Provost, a big ML guy at NYU. The main points of his talk were that using fine-grained behavioral data (like browsing history) is better than demographics (at least in his context: predicting ad lift), and he proposed a way to interpret the model (somewhat). I left feeling disappointed. His system for interpretation was super post-hoc a…

In my experience it really depends on the vertical. For some things (ford cars) demographics don't work well, but for others (mercedes) demographics like household income and age perform really well.

I think their is so much input for rtb that it is prime for ML. Most exchanges have some basic ml auto-optimization, but eventually someone will automate almost the whole thing.

Re: Chase had ads on 400k sites, then on just 5k, with same results

#15
post #8

"An intern then manually clicked on each of [the 12000] addresses to ensure that the websites were ones the company wanted to advertise on." - true hero of this article

For better results, have that intern gather the email addresses of those 12,000 pre-approved sites, and email them a personal ad placement buy offer, or request a media kit.

You'll find all sorts of personalization opportunities and you get to cut out the middle-man.

Re: Chase had ads on 400k sites, then on just 5k, with same results

#16
post #2

Edited for elaboration: The article doesn't mention the precise methodology for reaching the 5000 sites number, other than some human filtering being involved. The precise wording of another section is also vague, the 'cost of an impressions' could mean either their total Internet marketing expenditure is the same (thus 395000 sites were largely ineffective and merely exposed them to risk and complexity) OR that they…

They also didn't really mention if this is 100% of their rtb or just some. I'd be really surprised is they limited their retargeting and native to 5000 sites.

Re: Chase had ads on 400k sites, then on just 5k, with same results

#17
post #4

> Surprisingly, the company is seeing little change in the cost of impressions or the visibility of its ads on the internet, she said. If/when other companies switch to this strategy, they’ll all be competing for less inventory and cost will go up accordingly.

At the same time good content providers will be paid more. So overall it is a good thing for the web. Content farming won't be worth much either.

A good thing for the big players, not the web. Everyone else (like me) me pays for their hosting with a few dollars a month in ad revenue will lose out.

Re: Chase had ads on 400k sites, then on just 5k, with same results

#18

it's only been a few days though, I think this fact alone invalidates the data.

Exactly! Who in their right mind would deliver a report to their boss and say, "Its only been a couple days, but this drastic change has been successful!" But someone instead went to the NYT and said that same thing.

Re: Chase had ads on 400k sites, then on just 5k, with same results

#19
post #11
post #8

"An intern then manually clicked on each of [the 12000] addresses to ensure that the websites were ones the company wanted to advertise on." - true hero of this article

Hey JPM has a meal allowance if you stay late. You can even stretch it to tomorrow's lunch if you're smart about what you get.

$25 - two sandwiches from Toasties baby :o

Re: Chase had ads on 400k sites, then on just 5k, with same results

#20
I work for a biggish company and sit near the marketing department. They report similar results, if not quite so dramatic. Advertising isn't incremental. Sometimes there's only so much demand for your product and you can only change that so much with marketing or promotion.
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