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Official How to build a successful media buying team in 2024

Keitaro

Service Manager
Service Manager
Keitaro
After an independent media buyer reaches a certain level of expertise and experience, the next logical step is to scale operations. Working in a team helps manage multiple campaigns simultaneously and enhances overall efficiency and effectiveness, thus increasing profits.

A media buying team should be well-structured to execute effective campaigns that deliver strong results. You have to carefully select key roles, structure the team for optimal performance, and ensure that each member can contribute effectively to the team’s overall goals.

Let's talk about the essential roles in a media buying team. One by one :cool:
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Media Buyer

The media buyer is the foundation of the media buying team and is responsible for securing ad space across various platforms. This role requires a deep understanding of the media and strong negotiation skills to secure the best deals. Additionally, media buyers must be proficient in analyzing performance data to refine and optimize campaigns continuously. Their work is vital in ensuring that the advertising budget is spent efficiently and that campaigns effectively reach the intended audience.

Media Planner
The media planner collaborates closely with the media buyer to develop strategies that align with the organization’s marketing objectives. This role involves selecting the most appropriate media channels and crafting plans that effectively deliver the advertising message. Media planners must consider a range of factors, including budget, target audience, and the specific characteristics of each media channel. A well-executed media plan is crucial for the success of any campaign, making the media planner’s role indispensable.

Data Analyst
A data analyst plays a key role in interpreting performance metrics and providing actionable insights. This role is essential for helping the team understand campaign performance, identify emerging trends, and analyze audience behavior. By providing data-driven recommendations, the data analyst ensures that the media buying strategy remains aligned with the broader business objectives and continuously improves.

Account Manager
This team member is the vital link between the media buying team and partner networks, affiliate networks, or client businesses. Their primary responsibility is fostering relationships, getting exclusive offers, and arranging the best possible deals. They handle client expectations, provide regular updates on campaign performance, and ensure that the media buying team delivers on its commitments.

Technical Expert
The technical expert manages the technological tools and platforms used by the media buying team. This includes setting up and optimizing tools like Keitaro Tracker, which are essential for tracking campaign performance, analyzing data, and making informed decisions. The technical expert ensures that the team has access to the right tools and that these tools are set up and utilized effectively, maximizing the efficiency and impact of media buying operations. They also could be in charge of building websites and landing pages, scripts and coding.

Accountant
This is a vital role in managing the financial aspects of a team. Includes budgeting, tracking expenses, processing payments, and ensuring that all financial transactions are accurate and compliant with regulations. The accountant helps maintain the financial health of operations by providing regular reports and insights on budget utilization and financial performance. Their work ensures that the team operates within budgetary constraints while maximizing the return on investment.

Legal Counsel
The legal counsel ensures that the media buying team operates within the legal frameworks and adheres to industry regulations. This role involves reviewing contracts, advising on compliance issues, and handling any legal disputes that may arise. The legal counsel also guides on intellectual property rights, advertising standards, and data privacy laws, ensuring that all campaigns and business practices are legally sound.

Content Creator
Some networks and businesses may provide you with their own ads, but more often than not, you may need your own content creator. It is a crucial addition to the media buying team, responsible for producing engaging and relevant content that supports advertising campaigns. This role involves creating various forms of content, including ad copy, visuals, videos, and social media posts, that resonate with the target audience. A skilled content creator understands the nuances of different platforms and tailors content to fit the specific requirements of each channel.

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It’s important to strike a balance between size and agility. Typically, a small, agile team with around five members per team leader offers the best combination of responsiveness and adaptability. Smaller teams can react swiftly to changes in campaign performance or market trends, allowing for more efficient resource allocation and real-time adjustments to maximize impact.

As your team grows, consider scaling by creating multiple small teams, each led by a different manager. This structure promotes greater flexibility and efficiency as decision-making and communication become more streamlined. Smaller teams also enable managers to monitor individual performance and provide tailored support and guidance closely. This approach not only enhances the effectiveness of the media buying team but also fosters a culture of collaboration and continuous improvement.

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Talent Development​

Training media buyers from scratch allows you to align them with your practices and goals. It will not only ensure consistency in how campaigns are managed but also foster a sense of loyalty and commitment among team members.

A structured training program is crucial for developing a successful team in this case. It usually includes the following stages:

  1. Introduce the new hires to the tools and platforms they’ll use, such as Keitaro Tracker, and provide foundational knowledge.
  2. Pair new team members with experienced media buyers (or mentors) to observe how campaigns are managed and to learn the best practices that you use.
  3. Allow trainees to manage small campaigns under supervision, giving them hands-on experience while ensuring they have the support they need.
  4. Set clear objectives and performance goals and evaluate trainees’ readiness to become full-fledged team members. This stage ensures that only those who meet the company’s standards are integrated into the team.
Discover expert insights on compensation and incentives, building a motivated team, and scaling your media buying team with our four key tips. Continue reading on our blog for more!
 
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