Getting your commerce media tech stack right takes time. Building partnerships and integrating workflows likely won’t happen all at once, so businesses should shop the market for the right partnerships, implement with care, and make sure to evaluate and reevaluate your operations as you scale.
Here are steps businesses should keep in mind.
Determine what issues advertisers face when working with a given platform and isolate issues to solve for. Examples of potential pain points include unclear analytics, poor user experience, challenges with integration across areas of business, limited ROI, or lack of ad options.
Establish what a platform should be improving within the business so you can compare tech options and know what to evaluate after implementation. Potential business objectives include improving revenues, boosting advertiser value, or promoting scalability.
Evaluate how your current data collection tools and tech infrastructure may contribute to pain points and prevent business objectives from being realized. Commerce media sites should make sure they have sufficient first-party data, robust ad inventory (or partnerships that make inventory available), and a cohesive tech infrastructure. Any missing pieces may indicate a need for a tech solution.
Commerce media networks need solutions that can fill each of the following roles: demand-side platform (DSP), supply-side platform (SSP), data management platform (DMP) or customer data platform (CDP), ad server, and analytics tools. Some tech options may fulfill multiple needs.
Choose platforms based on:
Tech platforms need to work seamlessly with existing infrastructure. Make sure APIs are connecting disparate tools and ensure first-party data flows between the DMP, ad server, and campaign management tools.
Start with a small pilot to test integrations, measure performance, and gather feedback. If tech solutions are fulfilling original business objectives, scale the solutions. If they are not, reevaluate with platforms or with other organizations.
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