Symbiosis skills and professional university Submitted by: Ishika Jaiswal Manav Bidhuri Aryan Bhosale Sidharth Vijayan Swapnil pandey Aditya Choudhary Shivanshu raj BBA DIGITAL MEDIA AND MARKETING Under guidance by: Dr Girish Rangnekar Media planning for nd 2 convocation program Symbiosis Skills and Professional University Symbiosis Skills and Professional University (formerly as Symbiosis Skills and Open University) Pune, Maharashtra, India. Established by the Symbiosis Open Education Society, Symbiosis Skills and Professional University is the first skill-building and development university in the state of Maharashtra. On 3 May 2017, the state passed a legislation bill to enact this university. CONTINUED Presently, this university offers diplomas, degrees and certificates in various fields such as Automobile, Construction, Mechatronics, Software engineering, Computer science and IT, Beauty and Wellness, Data Science, Retail, Logistics and Ports as well as Architecture. The main objective of this university is to create industry -ready youth, who can work efficiently and effectively in an organization. Furthermore, SSPU has also built strong ties with many leading organizations for joint -curricula development. Some of the famous industry partners of this university are Shopper Stop, Daikin, LSC and Enrich. Introduction Media planning The media planning marks on the best way to get the advertiser’s message to the market. Generally, the goal of the media planning is to find that combination of media that allows the marketer to communicate the message in the most effective manner to the largest number of potential customers at the lowest cost. It is a document laying out objectives, strategy, tactics, resource allocation, and media schedule and media mix to be used in reaching a targeted audience. The series of decisions concerned in delivering the promotional message to the prospective purchasers and/or users of the product or brand is called as Media Planning. It is a process, of making a number of decisions each of which may be altered or abandoned as the plan develops. It comprises of media plan brief, understanding budgets, goals and market scenario, target audience analysis using research-driven tools, and different media sites and ad. It determines how advertising time and space in various media will be used to achieve the advertising objectives and marketing objectives of the company. The basic goal of media planning is to find out that combination of media which enables the advertiser to communicate the ad -message in the most effective manner at lowest cost. Media planning assists in controlling w asteful advertising. It ensures die optimum -utilization of resources spent on advertising. In media plan, media objectives are decided keeping in view the advertising objectives of the organization. Media plan specifies media strategies. Media strategy means plans of action designed to attain media objectives. Therefore, deciding media objectives, media strategies, selecting of media, selection of appropriate media -mix, deciding media-scheduling, etc., is know n as media -planning. It also involves monitoring media performance (follow up) and review of media plan. F o r t h e a d v e r t i s e r, t h e m e d i a f o r m a r k e t i n g w o u l d i n c l u d e t h e s a l e s f o r c e , d i s t r i b u t i o n n e t w o r k , t h e b r a n d , t h e p a c k a g e , display on the dealers’ shelves and also sales promotion, public relations and mass media advertising. He allocates his budget resources in such a way that he gets the best returns on his spend. At t h e s a m e t i m e , h e n e e d s t o c o o r d i n a t e t h e e f f o r t s s o t h a t t h e c o m b i n e d i m p a c t e x c e e d s h i s t a r g e t s i n t e r m s o f t a s k s accomplished, sales achieved, market share improved etc. S o m e o f t h e s e h e c o n t r o l s . H o w e v e r, w h e n i t c o m e s t o m a s s m e d i a , t h e M e d i a P l a n n e r i n t h e a d v e r t i s i n g a g e n c y ( s o m e advertisers have their ow n planners too) is the person w ho does the planning. He first sets the media objectives. Factors affecting media planning • Nature of product : Product to be advertised can be industrial/technical product or consumer product. Industrial/technical products can better be advertised in specific trade- journals/magazines. Consumer products can be better advertised through mass media such as television, newspaper, outdoor advertising etc. Similarly, products for farmers like fertilizers, seeds etc. can be advertised in T.V., radio, wall painting, etc. Media Frequency: M e d i a f r e q uen cy r e f e rs t o a ve r a g e n u m b er o f t i m e s, t h e a u d i e nce i s e xp o s e d t o m e d i a - ve h i c l e i n a s p e c ifi ed p e r i o d o f t i m e . Hi g h e r m e d i a -fre que ncy i s p r e f err ed. G r e a ter t h e f r e qu ency, m o r e a r e t h e c h a n ces o f a d ve r t i seme nt m e s s age m a k i ng d e e p i m p r e ssi on o n t h e m i n d s o f c o n su me rs. I n c a s e o f p r i n t m e d i a , f r e q uen cy o f n e ws p a p er i s ve r y l e s s a s t h e r e c e ive r i s n o t e xp o s e d t o t h e s a m e n e ws p a p er f o r a long period of time. O n t h e n e xt d a y h e wi l l b e g e t t in g t h e n e w n e ws p a pe r a n d o l d n e ws p a per wi l l b e d i s c ard ed t h e s a m e d a y. I n c a s e o f m a g a z in e, m e d i a -freq uen cy i s m o r e a s s a m e m a g a z ine m a y b e o p e n ed b y a u d i e nce m a n y a t i m e , a s h e wi l l g e t t h e n e xt i s s u e o f m a g a z ine a f t er a m o n t h, a f o r tni ght o r a f t e r a we e k . H i g h e r f r e q uency wi l l c r e a te b e t te r i m p r e ssio ns o n t a r g et a u d i e nce. So , m e d i a wi t h h i g h e r f r e qu ency s h o u ld b e s e l e cted . Advertising Objectives The main objective of every advertising campaign is to get favourable response from customer, but the specific objectives can be different. If the objectives of advertising campaign are to get immediate result then fast media of communication like newspapers, banners, pamphlets will be considered. If the objective of advertising is to build corporate goodwill and brand -equity, then magazines, television, neon signboards will be considered. Media Used by Competitors W hi l e p l a n n in g f o r m e d i a t h e a d ve r t i ser m u s t c o n s ide r t h e m e d i a u s e d b y c o m p eti tors a n d l e a d e rs o f t h a t i n d u str y. I f a d ve r t ise r d o e s n o t c o n si der c o m p eti tor ’s m o ve r e g a r di ng m e d i a , t h e n i t i s p o s s i bl e t h a t a d ve r t ise r ’s m a r k et s h a r e i s t a k e n b y c o m p e titi on. I f i n d u stry - l ea der i s u s i n g T. V. a s m e d i a , t h e n t h e a d ve r t i ser t o o m u s t c o n s ide r t h e s a m e m e d i a . Th e a d ve r t ise r m u s t h a ve a c l o s e wa t c h o n m e d i a - strate gi es a n d a d - b udg et o f c o m p eti tors. H o we ve r, c o m p eti tor ’s s t r ateg ie s s h o ul d n o t b e f o l l o we d b l i n d l y, a s i t i s p o s si bl e t h a t d e c i si on o f c o m p eti tor i s wr o n g . Media Availability: So m e t i me s i t i s p o s s i ble t h a t d e s i red s p a ce f o r a d ve r t isem en ts i n p r i n t m e d i a i s b o o k ed b y s o m e o t h er a d ve r t i sers a n d h e n c e n o t a va i l a b l e . Fo r e xa m p l e , a d ve r t i ser wa n t s t o i s s u e a n a d ve r t ise me nt o n f r o n t p a g e o f n e ws p a pe r o r o n t h e c o ve r - pag e o f a n y m a g a z i ne, b u t t h i s s p a c e i s a l r e a dy b o o k ed b y s o m e o t h er a d ve r t i ser, t h e n t h i s m e d i a i s n o t a va i l a b l e t o t h e a d ve r t iser. So t h e a d ve r t i ser wi l l h a ve t o p l a n f o r s o m e o t h er m e d i a o r h e wi l l h a ve t o c h a n ge t i m i n g o f a d ve r t i sem ent. Si m i l a r ly i f a n a d ve r t i sem ent i s t o b e i s s u ed o n t e l e vi s ion d u r i n g a p a r t icu lar p r o g ram me , t h e n i t i s p o s si bl e t h a t i t m a y h a ve b e e n b o o k ed/sp onsor ed b y o t h e r a d ve r t i sers. So m e d i a -ava i l ab il ity m u s t b e c o n s i dere d f o r m e d i a p l a n n i ng. Importance of media planning 1. Helps in Achieving Advertising Objectives Media plan is a part of overall advertising plan. Media planning is designed so as to achieve marketing and advertising objectives of the organisation. Media planning includes all such decisions like selecting appropriate media, appropriate media mix and deciding the scheduling of advertisement. All these decisions help the organization in achieving advertising objectives, i.e. to communicate the message to target audience and thus to promote sales. 2.Selection of Appropriate Media I n m e d i a p l a n n i n g , d i ff e r e n t m e d i a a r e c o m p a r e d o n t h e b a s i s o f c o s t p e r r e a d e r, c o s t p e r vi e we r, m e d i a - i m a g e , m e d i a - c o ve r a g e , m e d i a - r a t i n g e t c . W h i l e s e l e c t i n g m e d i a t h e a d ve r t i s e r e n s u r e s t h a t s e l e c t e d m e d i a m a t c h e s wi t h t h e f e a t u r e s o f t a r g e t a u d i e n c e . F o r e xa m p l e , i f o u r t a r g e t a u d i e n c e a r e t e e n a g e r s , t h e n t e l e vi s i o n wi l l b e a p p r o p r i a t e media; if target audience are literate, then print -media can be selected; if target a u d i e n c e i s a s p e c i f i c p r o f e s s i o n a l g r o u p , t h e n p r o f e s si o n a l j o u r n a l s a n d m a g a z i n e s wi l l b e a p p r opr i a t e m e d i a . M e d i a p l a n n i n g a l s o e n s ur es t h a t s e l ec t ed m e d i a i s a s p e r t h e m e s s a g e r e q u i r e m e n ts e . g . i f m e s s a g e i n vo l ve s d e m o n s t r a t i o n , t h e m e d i a wi t h a u d i o vi s u a l e ff e c t s ( vi z . T. V. ) wi l l b e s e l e c te d . 3. Selection of Optimum Media Mix: Media planning helps to select optimum media mix. Using different media combination ensures wide and intensive coverage of target audience. It improves the chances of achieving advertising objectives. A single media may not ensure communication with all the target audience. A well planned media mix ensures wide coverage of target audience at minimum cost. 4. Ensures Appropriate Timing of Advertising: Ad ve r t i si ng c a n e n s u re b e s t r e s u lts o n l y wh e n a d s a r e s h o wn a t t h e r i g h t t i m e . M e d i a p l a n n in g i n c l u des m e d i a s c h e dul i ng i . e . i t d e c i d es t h e t i m e a n d s p a c e o f a d ve r t i seme nt i n m e d i a . I t d e c i d es t h e m o n t h, d a y a n d t i m e o f a d ve r t ise me nt. I t e n s u res t h a t a d ve r t i sem ent i s s h o wn m o r e f r e q uentl y i n s e a son al m o n t hs a n d l e s s f r e q uentl y i n o ff - seaso n m o n t hs. I t a l s o e n s ur es t h a t a d ve r t i seme nt i s s h o wn a t t h a t t i m e wh e n m o r e t a r ge t a u d i e nce c a n b e c o n tacted e . g . i f a d i s f o r s c h o ol g o i n g k i d s, i t i s n o t s h o wn i n t h e m o r n i ng o r b e f o re n o o n t i m e . 5. Helps in Allocating Advertising Budget Media planning helps to decide the amount to be spent on different media. It helps the advertising manager in allocating the ad -budget among different media types/media vehicles. Media plan decides the optimum media mix; this helps the advertising manager in allocating the total ad-budget on different media in a scientific manner. Steps involved in the Media Planning Process 1. Market Analysis: Every media plan begins with the market analysis of environmental analysis. Complete review of internal and external factors is required to be done. • Identification of the Target Audience • Study of Factors Affecting Media Planning : Internal Factors – Internal factors are those factors which are directly related to company like size of company, advertising budget, size of organization, distribution strategy of organization, potential market area etc. External Factors – External factors includes media coverage, media image, media adopted by competitors etc. 2. Message Distribution: The first step in the setting up of objectives was the definition of the target audience. The next step is the distribution of message to this audience. The number of messages and the frequency of their appearance matter a lot. We have to decide whether a single message is sufficient or there should be several repetitions of the same. These lead us to the concepts of reach and frequency, which are to be balanced. The overall constraint on both these concepts is the advertising budget. We also have to calculate the total message weight of the campaign. 3. Selecting Suitable Media: For selecting appropriate media, different media are compared on the basis of cost per reader, cost per viewer, media -image, etc. While selecting media, the advertiser should ensure that media matches with features of target audience. The selected media should match with message-requirements, e.g. If message involves demonstration, then media with audio visual effects will be selected. While selecting suitable media, availability of media should also be kept in mind. It is possible that a particular media suits our requirements, but it is already booked, so some other media will have to be selected. 4. Selecting Optimum Media-Mix: I f t h e a d ve r t i s e r f e e l s t h a t n o s i n g l e m e d i a i s s u ff i c i e n t i n i t s e l f i n a c h i e vi n g a d ve r t i s i n g o b j e c ti ve s t h e n d i ff e r e n t m e d i a c a n b e u s e d i n c o m b i n a t i o n a n d t h e i r o p t i mu m m i x i s d e c i d e d b y t h e a d ve r t i s e r. B y c o m b i n i n g d i ff e r e n t m e d i a , a d ve r t i s e r c a n i n c r e a s e c o ve r a g e a n d i m p r o ve t h e c h a n ce s o f a c h i e vi n g a d ve r t i s i n g g o a l s . O ve r a l l a d - b u d g e t a l s o i n f l u e n c e s t h e r a t i o n o f d i ff e r e n t e l e m e n t s o f m e d i a m i x. F o r e xa m p l e , t o a c h i e ve a d ve r t i s i n g o b j e c t i ve s a n d a f t e r c o n s i d e r i n g a d ve r t i s i n g b u d get , t h e a d ve r t i s e r m a y d e c i d e a m i x o f 4 5 % t e l e vi s i on, 2 0 % n e ws p aper, 1 0 % m a g a z i n e , 1 5 % o u t d o o r m e d i a a n d 1 0 % i n t e r n e t m e d i a . D i ff e r e n t a d ve r t i s e r s m a y d e c i d e d i ff e r e n t m e d i a - mi x d e p e n d i n g u p o n t h e i r r e q u i r e me n t s , b u t m e d i a - m i x s h o u l d b e s u c h t h a t a d ve r t i s e r c a n c o m m u n i c a t e a d ve r t i s i n g - m e ss a g e t o t h e t a r g e t a u d i e n c e m o s t e ff e ct i ve l y a n d a t l o we s t p o s s i b l e c o s t . 5. Selecting Suitable Media Vehicle within Each Selected Media: Af t e r s e l e cti ng m e d i a , a p p r op ria te m e d i a ve h i c l e s a r e t o b e s e l e cted. Fo r e xa m p l e , a f t er d e c i d in g t h a t a d ve r t i sin g i s t o b e d o n e t h r ou gh n e ws p a p er, i t i s d e c i de d t h a t i n wh i c h n e ws p a p er i t i s b e d o n e - wh ethe r t h r ou gh I n d i a n Exp r e s s, Tr i b u ne , o r H i n d u sta n Ti m e s , e t c . I f i t i s d e c i d ed t h a t a d ve r t isi ng i s t o b e d o n e t h r o ug h m a g a zi ne, t h e n o u t o f va r i o u s m a g a z ine s, a p p r o pri ate m a g a z in e/m agazi ne s a r e s e l e cte d. I f a d ve r t i sin g i s t o b e d o n e t h r o ugh t e l e vi s i on, t h e n i t i s d e c i ded t h a t a t wh i c h T. V. c h a n n el o r i n wh i c h T. V. p r o g ram me a d ve r t ise men t i s t o b e g i ve n . Su i t a bl e m e d i a ve h i c l e s a r e s e l e c ted t o a t t ai n m e d i a o b j e c tive s. 6. Media Scheduling: I n m e d i a s c h e dul i ng, d e c i si ons r e g a rd in g d a t e o r t i m e wh e n t h e se a d ve r ti sem ents a r e t o b e s h o wn a r e t a k en. I n m e d i a - schedu li ng, t i m e - gap i n t wo a d ve r t isem en ts i s a l s o d e c i d ed. Pu r p o se o f m e d i a -sch edu li ng i s t o i s s u e a d ve r t ise me nts a t a p p r op ria te t i m e wi t h a p p r op riate f r e qu ency s o t h a t t a r g et a u d i e nce c a n b e c o n ta cted a t m i n i m u m a d ve r t isi ng c o s t . I t h e l p s t o c o n tr ol wa s t e f ul a d ve r t isi ng e xp e n s e s. I f a d ve r t i sem ent i s r e l a ted t o p r o d uct t o b e u s e d b y s c h ool /col le ge g o i n g c h i l d ren, t h e n i t i s b e t ter t o s h o w t h e a d ve r t i seme nt i n t h e e ve n i n g t i m e i n T. V. p r o g r am me s. I f t h e p r o d u ct i s o f s e a s onal n a t u re, t h e n a d s h o u l d b e s h o wn m o r e f r e q ue ntly i n t h e s e a s on p e r i o d a n d l e s s f r e que ntl y i n t h e o ff s e a s on p e r i o d. 7. Executing Advertising Programme After selecting media and deciding its schedule, advertising department is given the task of designing suitable advertising copy and executing it in the selected media. Some companies assign this task of designing advertising to professional advertising agencies 8. Follow-Up and Evaluation: After implementing advertising programme, advertiser evaluates its effectiveness to know whether media objectives have been achieved, whether media-plan has contributed in achieving overall advertising objectives. Answers to these questions help the advertiser to know success or failure of media strategy. If our media strategy is not effective, then corrective actions will be taken for future media planning, so that in future, better media -plans can be made. Symbiosis skills and professional university Media planning Target Audience Demographics • • • • Age: 17+ and their parents. Gender: male/female or other. Income: three hundred thousand or above. Education: Intermediate. Psychographics • • • • Lifestyle: Upper middle class and elite class. Activity: Educational Purposes. Belief: Skill Development. Opinion: One of the leading university of India. DAILIES EDITION READER AD RATE SHIP (RATE×100) CPM INSERTI TOTAL ON COST JUSTIFICATION TIMES OF ALL OVER 7442 INDIA (ENG) INDIA 3870 0.65 3 11610 It has the largest circulation among all English language newspaper in the world, Trustworthy, high reach. THE HINDU (ENG) ALL OVER 2095 INDIA 1840 1.09 3 5520 Most trusted newspaper in India. HINDUSTAN ALL OVER 3692 TIMES (ENG) INDIA 3200 1.08 3 9600 It has a wide reach in Northern India. MID-DAY (ENG) 1300 2.51 3 3900 Advertisement and Entertainment tabloid popular in Mumbai. TOT. 12 30630 MUMBAI 358 MAGAZINE FREQUANCY SIZE READERS HIP AD RATE CPM INSERTI TOTAL ON COST JUSTIFICATION INDIA TODAY WEEKLY (ENG) FULL PAGE 1650 9000 545.45 6 3273 Leading newsmagazine in the country. NEW WOMEN (ENG) MONTHLY FULL PAGE 85 1562 1838.23 3 4686 Popular amongst women, specific TA. BUSINESS INDIA (ENG) FORT NIGHTLY BACK SIDE COVER 189 4040 2137.57 6 24240 Number one business magazine. OUTLOOK MONEY (ENG) FORT NIGHTLY INSIDE FRONT COVER 114 2800 2456.14 6 16800 It gives complete information about the investment market. OUTLOOK PROFIT (ENG) FORT NIGHTLY FULL PAGE 34 1500 4411.76 6 6000 It is package of market information and stock market. TOT. 27 54999 • Total Budget: 10,00,000 • Duration of the Campaign: 3 MONTHS • Total Cost: Rs. 30630(Newspaper)+ Rs. 54999(Magazine) = Rs. 85629 • Amount Remaining: Rs. 914317 Campaigns Ad visibility Desktops/Tablets/Mobiles Platform Googl e Leads Campaign Type Placements Ad Type Targeting Type Clicks Avg Bid Cost CTR Reach C. Rate Conv. Cost per Lead Search Campaign Google Search Text INDIA Clicks 14,286 35 500,000 5% 285714 12.00% 1714 291.6666667 Display Third Party Sites,Youtube Creatives INDIA 2% 6250000 0.50% 625 400 Remarketing Third Party site, Youtube,Apps & Games Creatives INDIA 3% 3888889 1.00% 1167 300 3506 314 Clicks 125,000 2 116,667 Clicks 250,000 350,000 3 139,286 1,100,000 6535714 Campaigns Ad visibility Desktops/Tablets/Mobiles Platform Campaign Type Placement Ad Type Targeting Facebook Traffic Generation Facebook Banner India Inst agr am Traffic Generation Instagram STORY India Type Clicks Clicks Total The Total Monthly Budget 150000 Previous CPL INR XX/ lead Expectation Improvement of about x% Clicks 2,667 2,000 4,667 Avg Bid 3 5 Cost 8,000 10,000 18,000 Est. Conversions CTR Reach C. Rate Leads Cost per Lead 3% 88889 1% 27 300 50000 1.50% 30 333 57 318 4% 138889 "It takes real planning to organize this kind of chaos." - Mel Odom Thank you