Top skills for 2020/2021

 Top skills that you can learn in 2020 & 2021 are: 

1. Coding
2. Graphic Designer
3. Animator
4. Video Editing
5. Digital marketing
6. Web Development
7. App Development
8. Social Media Influencer

Media Ad Concepts

Personalization concepts:

There are many categories of web personalization including

1. Behavioral
2. Contextual
3. Technical
4. Historic data
5. Collaboratively filtered

There are several camps in defining and executing web personalization. A few broad methods for web personalization may include:

1. Implicit
2. Explicit
3. Hybrid

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Media Ads Concepts

1. Ad inventory: The number of ad spaces available with the publisher. If a publisher has 100 spots, where s/he can display the ads then 100 is ad inventory.
1. It is valued in terms of the site traffic or ad views that can be delivered to the advertiser.
2. It is calculated in number of page impressions. If site A has 100 impressions/day and site B has 1000 impressions/day then site B can ask for more money from advertiser because site B can reach to many websites. 
2. An ad value can be calculated as page impressions X average number of ads on your website pages Although above formula is simplest of all. 
1. Moreover, it can be calculated by the location of the ad. Ads displayed at the top of the webpage demands for more money since it is the prime stop as compared to ads displayed at the bottom. 
3. Fill Rate: It shows how much of your ad space has been rented out and how much of it is empty. Higher the fill rate better are the chances since it means your website is in high demand.
4. Revenue: A website’s revenue can be calculated by number of leads or actions are performed after clicking on the ad or after cpm(cost per 1000 impressions)

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Metrics Concepts:

Here is the summary of articles on Product Metrics. Article: Only Metric that counts

Summary: 

1. Are people using the product? Once you find that out, find out:
   1. Why do they use your product? 
   2. How frequently? 
   3. What key actions they perform while using it? 
2. Answers to above questions will tell you who are core users, who:
1. Come directly
2. Return weekly/monthly
3. Share it with others
3. Reference:
1. https://news.greylock.com/the-only-metric-that-matters-now-with-fancy-slides-232474cf414c

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Ad Ecosystem:

This section will explain you the basics architecture of ad ecosystem. Definitions of different components and how those components work together to render ads:

Publisher:

1. Runs online business or websites that has user traffic.

Ad Network:

1. Aggregator of publisher ad inventory that is packaged by contextual channels, audience types or buying options(CPC, CPA, CPM). This inventory is sold. 
2. It is an entity/company/organization that connects advertisers to websites.

2.     It enables to deliver ads to consumers, perform targeting, tracking, and reporting of impressions.

3.     Inventory of online ads include:

a.     Blogs

b.     Rss feed

c.      Web pages

d.     Mobile pages

e.     Instant messages

f.      Mobile apps

g.     Adware Emails

h.     Other media

4.     A publisher(new york times) can integrate with an ad network. Ad network can then display certain ads

5.     Large publisher sells remnant(not sold = 10-60%) inventory through ad networks. Smaller ones sell everything through the ad networks.

6.     Large ad networks include:

a.     Search engines

b.     Media companies

c.      Tech vendors

Seller Side Platform:

1. Platform for publishers to manage ad inventory and enables routing to different ad exchanges

Ad Exchange:

1. Enables buying and selling of Media ads from multiple ad networks.A marketplace for buying and selling of ads. Ad inventory is auctioned to advertisers/agencies.
2. Handles Real time Bidding for publisher that includes:
3. -       Purchases inventory at individual impression level
4. -       Bidding in real time(milliseconds)
5. Ensures that publishers can maximize value of their inventory.
6. Ensure that advertisers purchase individual impressions at fair price.            

DSP:

1. Platform that enables media and audience buying for advertisers in real time on ad exchanges    
2. Evaluates and bids on each individual impression through RTB based on available user data.
3. Takes care of RTB for advertisers.
4. Centralized campaign management, reporting, optimization to meet advertiser’s objective.

RTB process:

1. Publisher puts the available inventory on the ad exchange
2. Ad exchange holds auction for each impression
3. DSP receives the bid from advertisers.
4. DSP evaluates the impression and calculate bid amount based on its value to advertiser. 
5. Ads from winning bid are shown on the publisher’s site.

Advertiser:

1. Spends on marketing to grow their business.

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More resources:

1. 5 things ad tech product managers should consider when planning their company's future
1. NOTES:
1. While contacting SSPs lot of information like user browsers, location, etc can be collected from requests & processed auctions.
2. User information can be collected via the DMP. They will have services that will provide you user information via cookie syncing services.
3. Consider inventory types like TVs or VRs where ad can be served in future. Product requirements should take care of such things. 
4. Consider use of machine learning algorithms to generate metrics that will help describe if correct data is collected and if right metrics are generate. 
5. TODO: Look at new video ads protocol
6. Make the product flexible to allow for change in trends
7. Cost of scale: Don't let technology costs kill the when scaling comes into picture.  
2. Confessions of an adtech product manager

Things I learnt about Money

 Money is a tricky topic. There are so many nuanced things to learn about Money itself apart from how it affects other aspects of our life. So read these tips and hope you can use them in various aspects of life!

1. Money is never enough but you should define how much you should earn to stay happy.
2. More you make, the more you spend. So saving and spending wisely is the key to success.
3. Money is not the solution to every problem. 
4. Running behind money is a useless pursuit since there is no upper limit on the amount.
5. Money is just a number so define your upper limit and save that much. Saving $1 billion might be a difficult task but for some it might be possible.
6. Once you die, the amount of money you will have saved will not matter. What will matter is how good life you spend and how many things you experienced in life. So strike a balance between making money and enjoying your money and saving + investing some money
7. Everything in life can't get a price tag.
8. Money shouldn't be the foundation of relationships. If it is the foundation then you are into that relationship for all the wrong reasons.
9. You shouldn't call your relatives or parents only when you need money. Keep money out of relationships.
10. Don't think that others' money is yours. Many people have the habit and it is really destructive. 
11. There are many legit ways to make money. People make money by teaching classes, selling art, providing services, by working for someone, etc. So NEVER think that the legit ways of making money are limited. 
12. Many people fall into the trap of making money illegally. This is bad for your present and future and it could destroy your family's future. So make money through legal ways.
13. Many people fall prey to quick rich schemes. There are no such schemes that will make you rich quickly. Steady income and consistent hard work will increase your money.