Balihoo Launches Balihoo Publisher Edition to Help Media Sellers Increase Revenue and Decrease Costs
2008-07-31 11:17:00
Balihoo Launches Balihoo Publisher Edition to Help Media Sellers Increase Revenue and Decrease Costs
Balihoo Launches Balihoo Publisher Edition to Help Media Sellers Increase Revenue and Decrease Costs
Web-Based Application Allows Media Owners to Position and Sell the Full Breadth of Their Cross-Media Inventory Directly to Media Buyers Through a Publisher-Branded Portal
BOISE, ID–(EMWNews – July 31, 2008) – Balihoo, the leading provider of advertising
productivity tools that dramatically streamline the media buying process
across all media types, announced today the launch of Balihoo Publisher
Edition, a web-based application that allows media owners and
publishers to offer their inventory directly to media buyers through a
publisher branded portal. Balihoo Publisher Edition also provides
publishers with tools for creating cross-medium and segment-specific
advertising bundles that improve the efficiency of the media sales process.
These tools help media organizations increase revenue and margin by
increasing the percentage of their inventory that is sold directly to
advertisers.
Balihoo Publisher Edition is available immediately.
Media owners and publishers using Balihoo Publisher Edition can provide existing and
prospective media buyers with advanced search and campaign management tools
that make it easier for buyers to find advertising opportunities that match
their specific campaign goals. Delivering self-service tools into the hands
of media buying organizations through Balihoo Publisher Edition provides
publishers with the following benefits:
-- Increase percentage of direct sales of inventory. Driving more inventory through a direct sales model, instead of through third-party sales channels, gives media sellers greater control over their brand and pricing while avoiding high sales commission rates. -- Sell to a broader base of media buyers. By providing an automated, self-service environment in which to buy their advertising inventory, Publisher Edition allows media sellers to service a greater number of media buying customers that were previously considered "too small." -- Improve direct sales efficiency. By automating the administrative functions in the media transaction workflow and enabling self-service of repetitive buys, Publisher Edition frees sales rep time to focus on high- value, high-margin strategic sales efforts. -- Facilitate incremental buys from existing customers. By providing a self-service portal with their pre-negotiated rates built in, Publisher Edition makes it easy for media sellers' existing customers to use end-of- quarter budgets or meet urgent product launch needs quickly. Additionally, configurable alerts sent to customers make them aware of the availability of new inventory or special pricing on remnant inventory.
Balihoo Publisher Edition complements Balihoo Agency
Edition, launched in June 2007. Designed for media buying
organizations, Balihoo Agency Edition provides media buyers with one
central location for media research, planning, knowledge sharing, and
communicating directly with media sellers.
“We formed Balihoo and launched Balihoo Agency Edition over a year ago with
the goal of bridging the media fragmentation gap between buyers and sellers
that has completely disrupted the traditional ad-buying model,” said Pete
Gombert, Balihoo’s founder and CEO. “With today’s launch of Balihoo
Publisher Edition, we’re moving toward closing the gap by providing media
sellers with the tools they need to promote and sell the full breadth of
their cross-medium advertising vehicle portfolio. Balihoo Publisher Edition
provides publishers exactly what they need in these challenging media sales
times by increasing revenues, decreasing overall cost-of-sales and
providing significantly improved customer service to their media buying
customers.”
Built upon Balihoo’s AnyMedia™ Database, Balihoo Publisher Edition
provides media owners multiple tools that will have an overall positive
impact on their bottom-lines:
-- White Label Portal - Media owners and publishers can present their discreet set of offerings to their customers through a dedicated, branded portal that is elegant and user-friendly. Balihoo Professional Services is available to help customize the look and feel of each portal, making it unique and consistent with each owner's brand. -- Search Engine - Through a powerful and intuitive search algorithm, the Balihoo Search Engine in Publisher Edition provides numerous ways for media buyers to find the perfect properties for their campaigns. Once a property is selected, users can drill down to see vehicle-specific data including geographic coverage, audience data, contacts, media kits, demographics, ad and sales information, reviews and more. The Balihoo Search Engine also provides additional recommendations based upon the specific properties selected in an effort to drive more campaign dollars to the publisher. -- Media Bundling Tool - Media Owners can create customized bundles that address the targeted needs of their customers. The tool also supports the quick creation of Run of Network (RON) and Run of Site (ROS) bundles as well as cross-medium bundling. -- Alerts - Media owners can send mass emails to all or a select group of customers, notifying them of the availability of remnant, standard or premium inventory. -- Notifications - Customers can opt-in to receive notifications of changes to price, placement or status of selected media vehicles. -- Reporting and Analytics - This section includes tools to track customer activity on the portal as well as the efficacy of customized pricing and bundles. -- Admin Console - The admin console enables those with admin rights the ability to create new inventory, regulate buyer access and pricing, input special pricing, change inventory status, create bundles and initiate Push Inventory Alerts. -- Sales Console - Sales reps with access rights can setup customer- specific pricing, review and allocate inventory, manage insertion orders and facilitate the execution of purchases. -- Accounting Interface - Full integration with publishers' existing accounting systems. -- Inventory Management - Manage all ad inventory within the tool or interface directly with publishers' existing inventory management systems.
to learn more about Balihoo Publisher Edition.
About Balihoo
Balihoo (www.balihoo.com), based in Boise, Idaho, is the leading provider
of advertising productivity tools that dramatically streamlines the media
buying process, allowing media buyers and sellers to shift more time from
administrative work to high-value, strategic efforts. This combined
efficiency results in better media plans, increased sales and an overall
greater return on invested time and resources.