Media Strategy • Professor Close and Professor Dudo IBP PROCESS Situation Anthony Dudo © Analysis Measurable Objectives Budget Creative Strategy Media Strategy TAKE HOME MESSAGE Anthony Dudo © Even the best messages will be useless if they don’t reach the target audience SET A MEDIA OBJECTIVE “To reach 60% of males aged 25-35 that are cycling enthusiasts 3 or more times each month during the first 6 months of the introduction of a new product.” Anthony Dudo © Address the psychographic and demographic target market and find the media that matches the market best given your budget Anthony Dudo © MEDIA PLANNING Media Plan Specifies media in which advertising message will be placed to reach desired audience(s). Media Class A single form of communication (TV, radio). Media Vehicle Specific option within a class (Nat Geo mag). Media Mix Blend of different media to reach target audience. MEDIA PLANNING Many choices to allocate among: TV Magazine Radio Newspaper Outdoor Anthony Dudo © Etc. MEDIA PLANNING Above-the-line: Traditional measured media (TV, radio, NPs, etc.) Below-the-line: Anthony Dudo © Unmeasured media/IBP tools (more efficient) CHANGES IN MEDIA PLANNING More media: Traditional media lines are blurred Firms push “news” stories into media Movies/videos can be promotional vehicles Anthony Dudo © Social media offer new (cheap) opportunities CHANGES IN MEDIA PLANNING Globalization: Media now exists in transnational space Search engines don’t care about geography Free content: Anthony Dudo © Consumers now used to free content Nontraditional media are attracting more $ CHANGES IN MEDIA PLANNING Consumer in charge: Marketers no solely in charge of brand; consumers have more power Anthony Dudo © Clutter & ad avoidance: Consumers choosing no-ad channels (e.g., radio) and have new tools (e.g., DVR) People will to pay to avoid ads THE OVERALL MEDIA PLAN Anthony Dudo © SETTING MEDIA OBJECTIVES ID target audience Geographic Mkt Timing & Continuity Media fit Size & length MEDIA SELECTION PROCEDURES Reach Frequency GRP, CPM… SETTING MEDIA OBJECTIVES 1. Identify target audience: Must find similarities between the target market and media audience Not easy! … apples & oranges problem Anthony Dudo © “Oops!” potential SETTING MEDIA OBJECTIVES Anthony Dudo © Kids love me! SETTING MEDIA OBJECTIVES 2. Select geographic market: Demand varies; sales are seldom consistent everywhere Means that ADV must vary according to geographic locations Anthony Dudo © Geo-targeting SETTING MEDIA OBJECTIVES Anthony Dudo © TIMING & CONTINUITY STRATEGIES Continuous Spread ADV continuously and evenly over the length of the campaign Pulsing Intensify ADV before an open aperture then reduce ADV until the next open aperture Flighting Alternating periods of intense ADV and periods of no ADV SETTING MEDIA OBJECTIVES Campaign time Anthony Dudo © Flighting $ Spent $ Spent Pulsing Campaign time SETTING MEDIA OBJECTIVES Chosen media must be compatible with the advertising strategy 4. Media fit: Chose media must reflect positively on the brand – the tone must be appropriate Anthony Dudo © The source itself can have an effect Anthony Dudo © SETTING MEDIA OBJECTIVES SETTING MEDIA OBJECTIVES Must determine the appropriate size (static) or length (broadcast) of the ad 5. Size & length: Research is inconclusive Choose size & length based on objectives Anthony Dudo © Ex) awareness = short spot knowledge = long spot MEDIA SELECTION STRATEGIES Anthony Dudo © When selecting the specific ADV media: Reach – the # of different people exposed to the message Frequency – the degree of exposure repetition Must determine the efficiency of different media vehicles MEDIA SELECTION STRATEGIES SOME STANDARD MEASURES FOR SELECTING MEDIA Impression – one person’s opportunity to be exposed to an ad Anthony Dudo © Gross Impressions: Impressions are a measure of the size of the audience for one media or a combo of media vehicles Gross impressions are the sum of the audiences of all media vehicles during a certain span of time MEDIA SELECTION STRATEGIES Anthony Dudo © SOME STANDARD MEASURES OF EFFICIENCY Media Vehicle Target Impressions Number of Ads Total Target Impressions David Letterman Show 500,000 4 2,000,000 The Colbert Report 1,000,000 3 3,000,000 Gross 5 Million Impressions = MEDIA SELECTION STRATEGIES SOME STANDARD MEASURES FOR SELECTING MEDIA AKA – cost per thousand (CPM) Efficiency: Unlike impressions, CPM is focused on cost Anthony Dudo © Given cost constraints, media is selected that will expose the largest target audience for the lowest price MEDIA SELECTION STRATEGIES SOME STANDARD MEASURES FOR SELECTING MEDIA AKA – cost per thousand (CPM) Efficiency: Unlike impressions, CPM is focused on cost Anthony Dudo © Given cost constraints, media is selected that will expose the largest target audience for the lowest price MEDIA SELECTION STRATEGIES SOME STANDARD MEASURES FOR SELECTING MEDIA Cost of media buy CPM = X 1000 Anthony Dudo © Total target audience MEDIA SELECTION STRATEGIES SOME STANDARD MEASURES FOR SELECTING MEDIA Magazine example: An issue of Real Simple has 2M readers who could be considered a target audience. The advertising unit is a four-color page with a rate of 15K. $15,000 CPM = X 1000 Anthony Dudo © 2,000,000 $7.50 THE LAY OF THE LAND THE LAY OF THE LAND MEDIA PLANNING: SOCIAL MEDIA Social Networking: New paradigm in media planning Marketer (brand) to consumer, then consumer to consumer Anthony Dudo © Marketers can use social media at a fraction of the cost of traditional media Social media used to create “buzz” or “viral” effect IN DEFENSE OF TRADITIONAL ADVERTISING There are some things you just can’t accomplish without traditional mass media advertising Anthony Dudo © The Super Bowl and Olympics deliver a truly MASS audience Brand building still needs traditional ads … for now MAIN PURPOSE OF THE MEDIA PLAN Anthony Dudo © To deliver the right message to the appropriate target audience as many times as necessary to achieve the goals of the advertising campaign HEALTHY DOG GOURMET Guidance: • Don’t be constrained by the client’s media plan (i.e., your client is not always right- why are they hiring you?) Anthony Dudo © • Don’t get hung up on efficiency STEVE JOBS’ LEGACY PR group / ADV group What was it about Steve’s ADV and MKT that made him (Apple) such an influence on marketers? What was novel about Steve’s approach? Anthony Dudo © What was Steve’s #1 contribution to marketing? What can we learn from Steve’s successes? What can we learn?