Chapter 7: tradition media channels
Nature of media strategy
Refer to chapter 5 for people involved in media selection
Media buyers, purchase the space/platform and negotiation rates, little connection to the agency size and price. small agencies have better knowledge on local markets.
B2B media selection:
- their ads are looking more like consumer ads
- Reasons for shift( decision-makers also consumers, difficult to reach)
Clutter in b2b traditional media - increase in advertising through consumer media
- trade publications still important
- business mags
International media concerns:
- Media importance varies
- Media viewing habits vary across countries
- Media buying is different
- cultural mores vary
Media strat is analyzing and choosing media for advertising/promo campaigns
Media planning: strat and purchase ad placements by determining the best media combination of media to achieve marketing goals.
- Media planner creates the plan of where and when an ad should be placed
- Media buyer, purchases the space, negotiation rates, times, and schedule for the ads
- a spot ad is a one time placement of a commerical in a channel
Components of a media plan: Marketing analysis, ad analysis, Media strategy, and media schedule justification and summary
Effectiveness tied to the:
- the quality of media choices
- creativity
- Financial consideration
- agency culture and track record
- relationship with media representatives
Advertising Terminology and formulaes
Reach is the amount of the target audience exposed(over 4 week period)
- Frequency is the average number of exposures
- Opportunities To See(OTS), the cumulative exposure (Placements x frequency)
- Gross rating points(GRPs), measure the impact of intensity of the media plan(vehicle rating x OTS(number of insertions))
- Cost is measured in thousand(CPM), allowing for a cost comparison
- Ratings and cost per rating point, ratings are a measure of the target market exposed by the platform, allow the comparisons of multiple media, media buy /Vehicle's rating, weighted CPM
- Continuity, Continuous campaign, pulsating campaign and flighting (discontinuous campaign)
- Gross impressions, with the total audience exposed to add
Achieving ad objectives
3 exposure hypothesis:
- made by Herbert Krugman,
- min of 3 exposure for an ad to be effective
- intrusion value
Recency Theory,
- Clutter is more effective 3 isn't enough, selective attention and focus
- people only focus on certain ads
one ad exposure may not be enough - requires continuous advertising
- increasing exposure through reach
- Effective reach and frequency,
- Brand Recognition, focuses on the visual representation in order for customers to recognize the brand.
- Brand recall, focuses on the repetition of ads and frequency has more value than the reach
Brand recognition:
- Goal, create/reinforce mental linkages,
- Method, increase reach
- Best media, telly, outdoor, mags, internet, and direct mail
Brand recall:
- place brand in evoked,
- increase frequency(repetitions),
- Best media: Television, Radio, Newspapers, Internet
Television:
Advantages
- high reach
- high-frequency potential
- low cost per contact
Disadvantages:
- High level of clutter
- Low memory recall due to clutter
- Channels surfing during ADs
Radio ads:
Advantages
- recall promoted
- narrower target markets
- Ad music can match audience
Disadvantages:
- short exposure time
- low attention
- Difficult to reach national audience
Out-of-Home:
Advantages
- select key geographic areas
- accessible for local ads
- low cost per impression
Disadvantages:
- Short exposure time
- Brief messages
- Little segmentation
Magazine Advertising:
Advantages
- high market segmentation
- targeted audience by mag
- long life span
Disadvantages:
- Declining readership
- Clutter (more than one ad per page)
- high cost
Newspaper Ad:
Advantages
- High flexibility
- high credibility
- longer copy
Disadvantages:
- poor buying procedure
- short life span
- aging readership
Media mix, Select the proper mix of media, media planners and buyers are in charge of the media mix, Media multiplier effect*.
Developing Logical Combinations of Media:
- Market scale
- local
- regional
- national
- global
- Market characteristics
- Media choices
- Message content