ADVANTAGES AND DISADVANTAGES OF MEDIA BUYS Media buying is part art and part science, with the emphasis on art. -- Media Buyer, Leo Burnett Four basic steps: 1. Research – Know your product, the target, your budget, and the media 2. Strategy – Set your goals and objectives, then select the best media to attain them 3. Selection – Reach vs. Frequency; Flighting, Pulsing, Continuity, Front loading 4. Negotiate – Transact with media sales professionals for ratings, BBM’s audits RADIO BROADCAST ADVANTAGES DISADVANTAGES Fast, Flexible, universal infiltration, reaches virtually everyone, everywhere, has no ‘off’ season, engages imagination, intrusive, allows multi tasking Numerous stations expensive to cover all areas, tower frequency, difficult to monitor, channel surfing, non tangible, poor listening, need for repetition Excellent; BBM’s, (Bureau of Broadcast Measurement), 95% of teens & adults reached. In and out of home Waste readership – non target, reproduction limitations, lack of prominence, fragmentation, declining readership, short lifespan, repetition necessary Costs (CARD or ABC audits), long lead times - 90 days or more, nonimmediate, lack of prominence, IFC/OBC select cover placement Buy when open, match your market, 65% of adult pop. read a newspaper daily NEWSPAPER #1 use of small business marketing dollars, flexibility, local, timeliness, low cost, easy to test, classifieds MAGAZINES Long life, multiple readership, target marketing, ad quality, credibility, split runs, Regional/National, Inserts, wraps etc. OUTDOOR Answer to increased fragmentation, broad reach, frequency and continuity, larger than life Image, increased commute times, posters and street level, local services, amusements, First choice for News, Sports, Entertainment, Visual impact, most authoritative, in homes, immediate and timely, impactful, memorable ads Long shelf life, valued by customers, specialty directories TELEVISION YELLOW PAGES REACH FREQUENCY COST Very Necessary; book same time spots if budget is limited, target for listeners; sponsor timeslots; roadblocks, share time, ‘Drive” times Important, buy as big as you can afford, but buy frequency before size, Sundays are premium Production low, 10- 60 second spots, announcer read fixed rates, or ‘run of station’ 9 out of 10 adults read an average of 7 magazines a month, Trade, Consumer Weekly, monthly, quarterly, frequency is important, need for multiple exposures Expensive, wraps and insertions increase reach and awareness Legal restrictions, Intrusive, clutter, brief exposure, need for high creative and white space, 5 second impact, may have a long production and planning time, difficult to track, Brevity and clutter, fragmentation, long range media plan, zipping and zapping, Internet, TV on Demand - TIVO Highest reach in shortest period, targeted, pedestrian (COMB Canadian Outdoor Measurement Bureau) Continuity advantage, long life, economical, numerous locations or targeted community Inexpensive Display and outdoor are the good choice for use of small business dollars Excellent, TV in 97% of homes, GRP’s and CPR (Gross/Cost per rating point) reach 90% of adults High impact per view, lower frequency meets target if properly placed, program rates / selection High production cost, (use creative thought – schools etc.) Difficult to test, 1 year commitment, deregulation 365 days 7/24, outside of target Difficult to monitor, call up competitors, research size Expensive media, start small Low production & insertion costs, easily re-purposed, use classifieds "The trade of advertising is now so near to perfection that it is not easy to propose any improvement. But as every art ought to be exercised in due subordination to the public good, I cannot but propose it as a moral question to these masters of the public ear, whether they do not sometimes play too wantonly with our passions." Dr. Samuel Johnson, in The Idler, 1759 Slate Communications