Account/Media Strategy and Planning

Campaign Strategy

Objectives – What are your goals?

Targeting – Who are your best prospects?

Competitive advantage – What differentiate your brand?

Brand personality – Human characteristics of brand?

Positioning – What’s your place relative to competition?

Geographic – Where to concentrate your efforts?

Seasonality – When to market the product/service?

Objectives

Sales objectives – focused on direct action, such as a buying response  Goal: generate short-term increases in sales. Be realistic. 1-2% increase Communications objectives – focused on building awareness or image.  Goal: create and improve knowledge or favorable perception of the product.

Targeting

Determining your best prospects  Not all prospect groups should be targets  Must prioritize among possibilities  Primary, secondary, tertiary markets  Users, buyers, and influencers Research identified prospects Strategy defined targets

Competitive Advantage

What give you an edge on competitors?

A unique set of features that are seen as significant and superior by consumer Key to brand loyalty and brand equity    Cost – Maximize value to consumers (Walmart) Differentiation – Unique experience (Apple) Niche – Focus on narrow market (Rolex)

Position and Personality

What is your place in the market?

 How are you understood by consumers?

 What can you deliver to consumers?

What human characteristics/personality traits can be attributed to your brand?

 Must be something consumer can relate to

Geographic and Seasonal

What parts of the country? What types of markets? What areas of a market?

 Regions, DMAs, metro rings What times of the year? What holiday seasons? What other timing factors?

 Time of year, month, week, and day

Outline

Function of Media Planning Media Planning Objectives/Strategies Media Selection Media Information Sources Media Outlets and Options

Functions of Media Planning

Goal: Delivering ad to target audience Decisions:  Which audience?

 Where?

 When?

 How long?

Increasing complexity of media planning

Aperture in Media Planning

The ideal moment for exposure to ad  Consumer in info-seeking mode  Consumer in purchase mode  Interest and attention are high

Media Planning Objectives

Reaching the target Sales geography: Where to advertise Timing: when to advertising Duration: how long to advertise

Reaching the Target

Matching info on:  Target audience profile  Mass media audiences Categories of information:  Audience demographics  Product user characteristics

Sales Geography: Where

Geographic sales differences  Differential dollar allocations Regional distribution patterns  Focused advertising expenditures Targeted markets or hubs  Such are airlines or hotel chains

Timing: When

Season timing Holiday timing Days-of-the-week timing Hours-of-the-day timing  When is as important as Where

Duration: How Long

Size of the advertising budget  May need to select times to focus Consumer-use cycles  When are sales highest, when is purchase?

Competitors ’ advertising  Share of voice / Share of dollars

Timing/Duration Strategies

Continuity Flighting w/ hiatus Pulsing

The Media Environment

Content context:  compatibility with product Media clutter Share of voice in a given medium

Staging the Media Plan

Starting point: Situation Analysis Media objectives  What are the media goals?

Strategy: Media selection  Finding the most appropriate media Flow Chart  Scheduling  Month-by-month budget allocation

Marketing Sources

Important factors:  Area sales patterns  Month-by-month sales patterns  Distribution patterns  Competitors ’ advertising patterns

Media Sources

Media selection based on:  Audience research  Media costs Important factors:  Media popularity/usage  Media audience profiles  Media cost forecasting  Media characteristics

Strategic Use of Advertising Media

Purpose  Coverage  Targeting  Support Audience/Product Involvement  High vs. Low Involvement Type of Appeal  Rational (Cognitive)  Emotional (Affective)

Advertising Media

Print Media Place Media Broadcast Media Narrowcast Media

Print Media

Print Media  Newspapers  Magazines

National and Local Newspapers

• National Newspapers • Metro Daily Newspapers • Regional Daily Newspapers • Local Weekly Newspapers

Newspaper Readers

Mass market (relatively wide reach) Readership increases with:  Age  Education  Income

Types of Newspaper Ads

Classified Display  Local vs. National Supplements

Advantages of Newspapers

Geographic targeting High credibility Permanence/User-paced High information potential

Disadvantages of Newspapers

Limited color Poor reproduction quality One day life span Unattractive layouts Hard to measure actual exposure Massive decline in readership

Decline Across Ages

Strategic Use of Newspapers

Coverage medium Geographic targeting Local retail ads High involvement consumers/products Rational appeals

Magazines

General circulation magazines Specialized Magazines  Target marketing Trade Magazines

Advantages of Magazines

High color reproduction quality High credibility Permanence/User-paced Pass along factor High information potential

Disadvantages of Magazines

Hard to measure actual exposure Long lead times Expensive: High CPMs Decline in news magazines

Strategic Use of Magazines

Highly specialized target marketing Geographic targeting with zip editions High involvement consumers/products Rational and emotional appeals

Place/Outdoor Media

Billboards Transit Ambient

Billboards / Ambient

Advantages of Billboards

High frequency Geographic flexibility Low cost per exposure

Disadvantages of Billboards

Fleeting message Limited information Long lead times Location unavailability Visual pollution

Strategic Use of Billboards

Good coverage medium Localized support medium Low involvement products

Transit Advertising

Advantages of Transit

Captive audience Low cost Supports mass transit systems

Disadvantages of Transit

Lack of status Cluttered environment Limited information potential

Strategic Use of Transit

Localized support medium High and low involvement products

Explosion of Ambient

Reasons for growth of ambient media: A decline in power of traditional media.

Greater demand for point-of-sale contact.

Narrowcasting to specific audience.

Extremely versatile.

Broadcast Media

National Television Local Television Cable Television Syndicated Television Radio

Advantages of National Television

Mass coverage Low cost per thousand (CPM) Some content-based targeting High impact Creativity/stopping power

Disadvantages of National Television

High production costs High absolute media costs Brevity Impermanence/Not user-paced Low information potential Clutter Zipping and Zapping

Strategic Use of National Television

Coverage medium Low involvement consumers/products Emotional appeals

Local (Spot) Television

Local Affiliates Local Independents

Cable Television

Superstations News channels Entertainment channels Specialized channels

Advantages of Cable TV

Similar to National Television Low cost: absolute and CPM More specialized audiences

Disadvantages of Cable TV

Similar to National Television Lower quality ads Limited reach Fragmented audience

Strategic Use of Cable TV

Targeting with television Some high involvement consumers with specialized channels Emotional / rationale appeals

Syndicated Television

First-run syndication Rerun syndication (off network)

First-run Syndication

Rerun Syndication

Forms of Television Advertising

Sponsorships  Infomercials Participation  Breaks within a program Spot announcements  Breaks between programs

Radio

Network Radio Syndication Unwired networks Satellite Radio Local Spot Radio

Advantages of Radio

Low media cost Low production costs Short lead times Captive audiences Specialized audiences

Disadvantages of Radio

No visuals Low information potential Impermanence/Not user-paced Fragmented audiences Complicated media buys Clutter

Strategic Use of Radio

Good targeting medium Localized support medium High and low involvement products/consumers Rational and emotional appeals

Narrowcast Media

Direct marketing  Telemarketing  Direct mail Yellow pages Interactive media (The Internet)

Direct Media

Direct Mail Catalogues Broadcast media  Infomercials  800 numbers Telemarketing

Advantages of Direct

Personalized impact Elaborate databases for targeting Reaches inaccessible audience Measurable exposure/success

Disadvantages of Direct

High CPMs Junk mail High audience refusal rates Environmental concerns Key is a high quality mailing list

Strategic Use of Direct

Target marketing Relationship marketing High involvement consumers/products

The Internet

Rapid adoption/growth Importance as an advertising medium Massive shift in advertising dollars

Adoption Curves for Various Media 120 80 60 50 40 20 Radio TV Cable Internet 0 1922

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98 Est The Internet is the fastest growing medium in history * Launch of HBO in 1976 was used to estimate the beginning of cable as an entertainment/ad medium.

** Morgan Stanley Technology Research estimate (Chart shows the Internet beginning as an entertainment/ad medium in 1994 because its earlier use was restricted to governmental activities) Years to reach 50 MM users Radio TV Cable Internet 38 13 10* 5**

Advantages of the Internet

Interactive medium/Active audience Affluent market Permanence/User-paced High information potential Immediate response

Disadvantages of the Internet

Untested medium Fragmented audience Slow downloads Security and privacy issues

Strategic Use of the Internet

Target marketing High involvement consumers/products

Miscellaneous Advertising

Movie trailers  Controlled by motion picture companies and distributors, not theaters Blimps and planes Sporting events Grocery carts Ticket backs Rapidly growing list of other ad media