Chapter 4 Flashcards
Define Media Planning
Media planning is the development of a specific and detailed process of reaching the right number of appropriate people, the right number of times, in the right environ- ment, at minimum cost, to achieve the advertised brand’s marketing objectives.
Consider the six key questions or decision making issues that the media planner needs to address during the media planning process:
How many prospects (ie potential buyers) need to be reached?
In which media should the advertisements be placed?
How many times should the prospect see each advertisement?
In which months or seasons should the advertisement appear?
In which markets or regions should the advertisement appear?
How much money should be spent on advertising in each medium?
As in all planning processes, certain parameters need to be drawn up.
In media planning,
these parameters are as follows:
Time
Reach
Frequency
Impact
Explain Time
This refers to the proposed duration of the campaign or the period during which
the stated objectives of the campaign will be achieved.
Explain Reach
This refers to the number of persons within the target market who are exposed to the
advertiser’s message at least once. This is usually reflected as a percentage (coverage).
Explain Frequency
This refers to the number of times, on average, that a person within the target market is
supposed to have been exposed to the advertiser’s message.
Explain Impact
This refers to the relative degree of awareness achieved by a particular creative execution
in any given medium.
The four steps in the media planning process are as follows:
STEP 1 – The brief
STEP 2 – The media objectives
STEP 3 – The media strategy
STEP 4 – The media plan
STEP 1 – The brief
The following questions need to be considered during this part of the process:
Is advertising a viable option or should the other elements of the marketing communications mix be considered (promotions, direct marketing, public relations)?
Are the advertising objectives realistic?
Is the target achievable?
Can it be improved or should it perhaps be redefined?
Is there enough, too much or too little money to do the job?
How big is the media budget?
Can media exposure do the job in the set time frame?
Is the creative team “missing any tricks”?
Can the media help?
STEP 2 – The media objectives
These are the goals or results that the media plan is designed to achieve.
Understand that the media objectives are the proposed deliverables or proposed outcomes of the media plan.
STEP 3 – The media strategy
The overall aim of the media strategy is to provide the means or the “how” of achieving the media objective.
STEP 4 – The media plan
In this part of the process, the proverbial ‘’nuts and bolts’’ of the media plan come together:
Details regarding each medium are planned. Media are listed. Frequency is estimated. Dates/deadlines are recorded. Costs are calculated. Performance is calculated.
The goal of a market analysis is …
The goal of a market analysis is to identify the threats and opportunities in the external environment and then to see how these relate to the company’s internal environment (strengths and weaknesses).
David Aaker has outlined the following dimensions of a market analysis:
market size (current and future) market growth rate market profitability industry cost structure distribution channels market trends key success factors
OTS – Opportunity To See.
This refers to the number of times, on average, that a person within the target market is exposed to the medium carrying the advertiser’s message.