How to Build an Ad Rate Card That Closes
Most rate cards are written as an opening position. The ones that work are written as a checkout page.
The short version
- A published rate card ends negotiation before it starts, which is its main job.
- Buyers who cannot see a price assume it is negotiable, and open below your floor.
- A rate card needs four things: the placement, the size, the price and the period. Everything else is decoration.
- Publish one price per placement rather than a range, because a range is read as the lower number.
- Volume discounts belong on the card. Ad hoc discounts train buyers to ask.
There are two kinds of rate card. One is a starting point for a conversation. The other is a price list.
If you do not have a salesperson, you want the price list, because the conversation it opens is one nobody is available to have. A buyer who has to negotiate with a publisher who answers on Thursdays will buy somewhere else on Tuesday.
The four things a rate card has to contain
| Column | Example | Why it is there |
|---|---|---|
| Placement name | Article Sidebar | They have to be able to say which one they want in one word. |
| Size and position | 300x250, top of the sidebar, every article | Answers "where will it actually be" without an email. |
| Price | $240 | One number. Not a range, not "from". |
| Period | per month | Month is the easiest unit to buy and the easiest to renew. |
Four columns. A fifth column is usually something you wanted to say rather than something they needed to know.
What to leave off
Most rate cards fail by including things that raise questions instead of answering them.
- Ranges. "$200 to $400" is read as $200, and then the buyer feels cheated when you quote $400. Pick the number.
- "Contact for pricing". This is the sentence that loses the most deals of anything on this list. It tells a buyer the price depends on who they are, which is a reason to distrust it.
- CPM, when you are small. A CPM commits you to delivering a volume. See why selling time is safer.
- Your traffic sources, bounce rate and time on page. Nobody buying a $240 banner reads these. They are for a media kit, and mostly they are for you.
- Every size you could theoretically support. Three placements that exist beat nine that are hypothetical.
Structure that works
Building it
-
1
Name three or four placements
Named after where they are, in words a stranger understands. Homepage Leaderboard. Article Sidebar. Newsletter Footer.
-
2
Put the best one first
People read the first row and anchor on it. If your most valuable slot is last, everything reads as expensive by comparison.
-
3
Price in round numbers
$240, not $237. A precise number invites the question of how it was calculated.
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4
Add one volume tier
Three months at ten per cent off, published. That is a discount you decided rather than one you conceded.
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5
Put it on a page, not in a PDF
A PDF cannot be linked to, cannot be updated, and cannot have a buy button on it.
Where the card should live
On your site, at a URL, linked from your unsold ad slots and from your contact page. A rate card that only exists as an attachment you send on request is a rate card that requires you to be awake, which is the whole problem.
The strongest version has the price and a way to pay on the same page. At that point it has stopped being a rate card and become a shop, which is what you actually wanted.
When not to publish prices
There is a real exception. If most of your revenue comes from a handful of large negotiated deals, publishing a low self-serve price can anchor those buyers down.
The answer is not to hide prices. It is to publish the self-serve tier and describe the larger one separately, the way every software company does: three named packages and a fourth that says talk to us. The published prices do the volume, and the conversation is reserved for deals large enough to be worth a conversation.
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