Contextual advertising as an Internet marketing tool
DOI:
https://doi.org/10.31617/2.2023(48)03Keywords:
Internet, Internet marketing, Internet technologies, contextual advertising, digital technologies, payment models for contextual advertising.Abstract
Contextual advertising is a progressive online marketing tool that allows you to attract new customers, expand the market, increase brand awareness, boost your revenues and profitability. The use of online advertising tools should be approached in a differentiated manner, in accordance with the tasks that a business sets itself in a particular market and under certain conditions. That is why contextual advertising is a very relevant tool for promoting business on the Internet in the period of post-war market recovery. The article aims at highlighting the importance of using contextual advertising as an effective tool for business promotion and at determining the prospects for the development of contextual advertising in the Ukrainian market in the post-war period. The study was conducted using the following methods: data analysis, synthesis and logical generalisation of results; systemic, structural and statistical analysis with the use of graphical methods. The main sources of information were scientific papers related to online advertising, marketing research publications, expert blogs of professionals in the field of contextual advertising, and official statistical information from Internet resources. Contextual advertising is considered as one of the most widespread Internet marketing tools, its advantages and disadvantages are highlighted. Different models of payment for contextual and targeted advertising are analysed, namely: Cost-Per-Click, Count-Per-Mile, Cost-Per-Action, Cost-Per-Engagement, Cost-Per-View, Cost-Per-Install, which play an important role in promoting goods and services via the Internet. The prospects for the development of contextual advertising in Ukraine in the post-war period are justified, which will contribute to the promotion of goods and services in the market, the improvement of the image of brands, and therefore, the increase of recognition among the target audience. It was determined that contextual advertising, compared to other types of advertising, is relatively new, and its ability to be present in various search engines, on partner sites, in social networks or in mobile applications makes it a powerful tool for Internet marketing in the post-war period. A promising area for further research is the study of the development of cross-platform capabilities of contextual advertising in the context of integration with new technologies, such as augmented and virtual reality and voice assistants.
References
Alscher, D. (2023). Contextual Advertising: What It Is, How It Works And Benefits. https://www.g2.com/articles/contextual-advertising
Bondarenko, O., & Yashchenko, M. (2023). Content marketing at trade enterprises. Scientia Fructuosa, 2(148), 24-38. https://journals.knute.edu.ua/scientia-fructuosa/article/view/1795; https://doi.org/10.31617/1.2023(148)03
Data Bridge Market Research. (2023). Global Contextual Advertising Market - Industry Trends and Forecast to 2030. https://www.databridgemarketresearch.com/reports/global-contextual-advertising-market
Global Contextual Advertising Global Market 2023-2028. (2023). Global Strategic Business Report. https://www.researchandmarkets.com/report/contextual-advertising
Karthik, Kashyap (2022a). 79 % of Consumers Are Comfortable Seeing Contextual Than Behavioral Ads. https://www.spiceworks.com/marketing/programmatic-advertising/news/79-percent-consumers-are-comfortable-with-contextual-ads/
Karthik, Kashyap (2022b). 95% B2B Buyers Say Videos Play Crucial Role in Their Purchase Decisions. Spiceworks. https://www.spiceworks.com/marketing/content-marketing/news/b2b-buyers-say-videos-play-crucial-role/
Little Marketing Book. (2023). Display Advertising Payment Models. https://scalarly.com/marketing-book/display-advertising-payment/
Marketsandmarkets. (2023). Contextual Advertising Market worth 297.68 billion USD by 2023. https://www.marketsandmarkets.com/PressReleases/contextual-advertising.asp
Pascual, K. (2023). Contextual Advertising: Benefits and Examples. https://penji.co/contextual-advertising/
Salyutnikova, T. (2022a). What you need to know about PPC. https://ppcseo.com/articles/chto-nuzhno-znat-o-ppc
Salyutnikova, T. (2022b). Advertising payment models: what to choose? https://ppcseo.com/articles/modeli-oplaty-reklamy-chto-vybrat
Shepard, B. (2021). The New Rise Of Contextual Advertising. https://www.forbes.com/sites/forbesagencycouncil/2021/07/22/the-new-rise-of-contextual-advertising/?sh=7091da9a5e5d
Statista. (2023a). Contextual advertising spending worldwide from 2020 to 2027. https://www.statista.com/statistics/1289038/contextual-advertising-spending-worldwide/
Statista. (2023b). Spending on advertising in Ukraine from 2011 to 2022, by medium. https://www.statista.com/statistics/491869/advertising-spend-by-medium-ukraine/
Ivanechko, N., & Khrupovych, S. (2018). Contextual advertising: metrics and KPIs. Galician economik journal, 6(61), 79-84. https://doi.org/10.33108/galicianvisnyk_tntu2019.06.079
Malchyk, M. V., & Adasiuk, I. P. (2021). Adverti¬sing in the internet: theoretical analysis and features. Journal of Lviv Polytechnic National University. Series: "Economic and governance issues", 1(5), 75-85. https://doi.org/10.23939/semi2021.01.075
Montrin, I. (2022). Digital marketing: European trends. International scientific and practical journal "Commodities and Markets", 4(44), 29-45. https://journals.knute.edu.ua/commodities-and-markets/article/view/1620; https://doi.org/10.31617/2.2022(44)03
Semenenko, K., & Bakulina, S. (2018). Features of the online promotion tools application in the marketing activities of the enterprise. Scientific Bulletin of Uzhhorod National University. Series: "International economic relations and the world economy", 19(3), 26-29.
Kharchenko, Т. О., & Salimon, О. М. (2021). Formation of brand communications with the help of Internet technologies. In VII International Scientific and Practical Conference, Economic Development: theory, methodology, management (pp. 136-145). Nemoros s.r.o.
Chernysh, T. (2023). The role of digital marketing tools in the formation of a modern business model. Effective economy, 6. https://doi.org/10.32702/2307-2105.2023.6.28