Marketing term definitions

Demand-side platform (DSP)

🎉 THe fun  definition:

Picture this: You're at a carnival and you want to throw your money at the most entertaining game there. A Demand-Side Platform (DSP) is basically your savvy, slightly over-caffeinated guide who knows every game in town and makes sure your money lands on the perfect booth with the highest chance of winning. It's advertising on autopilot, but cooler, because it's all about sniping the best real-time ad spaces online without the hassle of actually being there.

🤓 THe nerdy  definition:

A Demand-Side Platform (DSP) is a sophisticated technology platform that allows advertisers and agencies to automate the purchase of advertising inventory across a multitude of channels, such as display, video, mobile, and social media, from a singular interface. DSPs enable programmatic ad buying, whereby algorithms are used to determine the best placements for ads based on real-time bidding processes. They utilize data from various sources, including first-party and third-party data, to conduct precise targeting and optimization strategies, ensuring effective audience engagement and optimal return on ad spend. By integrating with supply-side platforms (SSPs) and ad exchanges, DSPs offer advertisers scale, efficiency, and flexibility in reaching audience segments across a wide range of digital environments.

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