Chapter 12 - Media Channels Flashcards
What is a media strategy
A media strategy „involves analysing and choosing media for an advertising and promotions campaign“ it is thus “the firm’s plan regarding the media that it will utilize in an IMC campaign”
Advantages/Disadvantages of TV
Advantages :
=> high reach (many consumers)
=> high frequency potential
Disadvantages :
=> many competitors ads (=clutters)
=> Consumer can switch channel
=> high costs
Advantages/Disadvantages of Radio
Advantages :
=> promotes recall
=> Narrow target market (radio program)
Disadvantages :
=> Short exposure time
=> low attention
=> no visuals
Advantages/Disadvantages of outdoor ads
Advantages :
=> Geographic targeting + close to shop
=> Low cost / view
=> Interactive
Disadvantages :
=> Short exposure / messages
=> No segmentation possible (everybody
views it)
Advantages/Disadvantages of print
Advantages :
=> Great segmentation (by magazine)
=> Create knowledge (read during leisure, longer attention; longer texts)
=> Credible & audience interest
Disadvantages :
=> Declining readership (online competition)
=> High cost
=> Short life span
Advantages/Disadvantages of online
Advantages :
=> High reach (also viral effects!!)
=> Easy targeting possible
=> Low cost (partly authentic, WOM!)
=> Promote purchase
Disadvantages :
=> Short life span
=> Effects depend on specific medium
Discuss the considerations involved in developing logical media combinations
Media choices are interrelated and need to be consistent to create synergies
Media multiplier effect
=> Downsides of one attenuated by other
=> Three exposures significantly increase recall (especially in different media)
=> Exposures in different sources enhance credibility
Be familiar with several advertising metrics that are commonly used in media planning
=> reach
=> frequency
=> Opportunities to see
=> ratings
=> costs
=> Gross impression
reach advertising metric
Number of units in a target audience exposed to a media vehicle at least once during a specified time period (usually 4 weeks)
frequency advertising metric
Average number of times an individual, household, or business is exposed within a specified time period
Opportunities to see advertising metric
Cumulative potential exposures in a given time period
ex: 3 ads on TV that is televised weekly produces 12 OTS (3 shows x 4 weeks)
ratings advertising metric
Percentage of a target market that is exposed to a medium
costs advertising metric
Cost per mille (CPM) or cost per thousand impressions
=> Allows for easy comparisons across vehicles and even media
gross impression advertising metric
Total exposures of an audience to an advertisement
ex: If ad was shown 4x on TV, audience 2 million à total gross impressions = 8 million