The CPM-based offering differs from most self-serve ads that typically require advertisers to pay on a cost-per-click or cost-per-action basis.
Zillow, the site that lets users peek at property value estimates and create free home sales listings, today has unveiled a do-it-yourself ad service. Dubbed "EZ Ads," the CPM-based offering differs from most self-serve ads that typically require advertisers to pay on a cost-per-click or cost-per-action basis.
The new system, aimed at real estate agents and related businesses like mortgage lenders and landscapers, lets advertisers create text and image ads, similar to the way Google's AdWords and other sponsored link networks do. Rather than targeting the ads based on keywords, advertisers can target by zip code, and their ads will appear with others on pages featuring homes and content associated with that area. The ads are priced on a $10 CPM basis with a $10 minimum. Advertisers can choose the length of the ad run, include a photo, link to a Web site or e-mail address, and feature contact information including a phone number.
Cost-per-click ads aren't always appropriate for real estate agents or local service providers, said Jorrit Van der Meulen, Zillow's VP of partner relations. "They don't really know how to deal with those clicks on the Web site, but they do know how to deal with a phone call," he said.
The business card-like ads will rotate in sets of four on zip code-related property profile and search results pages. Until now, Zillow has been offering display ads and sponsorships; current advertisers include Lending Tree, Bankrate.com and Home Depot. Zillow has sales operations in New York, San Francisco and Seattle, and is moving into Detroit, Chicago and Los Angeles. Late last month, the firm hired former CNNMoney.com ad sales VP Greg Schwartz as VP of sales.
"We're investing fairly heavily on the direct sales side and EZ Ads is a complement to that," said Van der Meulen.
Despite the fact that real estate agents, local businesses and private owners selling homes have several advertising options online, from yellow pages and classifieds listings to paid search ads, Van der Meulen thinks these advertisers want to be in several places. "It's not a zero sum game," he added.
In addition to the new ad product, Zillow has launched new features, including forums, questions and answers with community ratings, photo uploads and profile pages for agents, home sellers and buyers.
On the heels of a fantastic event in New York City, ClickZ Live is taking the fun and learning to Toronto, June 23-25. With over 15 years' experience delivering industry-leading events, ClickZ Live offers an action-packed, educationally-focused agenda covering all aspects of digital marketing. Register today!
Want to learn more? Join us at ClickZ Live San Francisco, Aug 10-12!
Educating marketers for over 15 years, ClickZ Live brings together industry thought leaders from the largest brands and agencies to deliver the most advanced, educational digital marketing agenda. Register today and save $500!
Kate Kaye was Managing Editor at ClickZ News until October 2012. As a daily reporter and editor for the original news source, she covered beats including digital political campaigns and government regulation of the online ad industry. Kate is the author of Campaign '08: A Turning Point for Digital Media, the only book focused on the paid digital media efforts of the 2008 presidential campaigns. Kate created ClickZ's Politics & Advocacy section, and is the primary contributor to the one-of-a-kind section. She began reporting on the interactive ad industry in 1999 and has spoken at several events and in interviews for television, radio, print, and digital media outlets. You can follow Kate on Twitter at @LowbrowKate.
Gartner Magic Quadrant for Digital Commerce
This Magic Quadrant examines leading digital commerce platforms that enable organizations to build digital commerce sites. These commerce platforms facilitate purchasing transactions over the Web, and support the creation and continuing development of an online relationship with a consumer.
Paid Search in the Mobile Era
Google reports that paid search ads are currently driving 40+ million calls per month. Cost per click is increasing, paid search budgets are growing, and mobile continues to dominate. It's time to revamp old search strategies, reimagine stale best practices, and add new layers data to your analytics.
June 10, 2015
12:00pm ET/9:00am PT