Retail Media Pricing: Why Most RMNs Are Selling It Wrong

Headshot of Steve Gray
By Steve Gray
October 24, 2025

Most Retail Media Networks still feel a bit awkward when it comes to justifying their relatively high prices compared to other media

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They mistakenly peddle an awareness → consideration → conversion logic — but this thinking is flawed, shoppers don’t move through funnels.

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When they need or want something within a particular category, shoppers buy something that does the job, is easy to think of and easy to buy.

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Brands compete on mental and physical availability, not impressions & clicks and Retail Media is a mental availability & physical availability engine

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It’s the most contextually powerful channel for refreshing memory structures at the moment of category entry (“I’m cooking dinner”, “I need a drill”, “I’m upgrading my makeup”).

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Ads near the point of sale reinforce brand-category links and keep brands salient when buyers are literally entering the category and deciding which brand to buy.

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In-store and onsite visibility make brands easier to find and to be chosen.

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So RMNs shouldn’t sell “awareness” or “impressions” or “conversion”. They should sell reach, context, salience and physical availability/presence because these are the things that deliver brand growth

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Retail Media is the only media that links mental and physical availability and it does it contextually to shoppers who are in the market and entering the category – and that’s how brands grow

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