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Media 101 Taylor Made Media

Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

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Page 1: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Media 101

Taylor Made Media

Page 2: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Contents

Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas Terminology

Page 3: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Steps in Media Planning and Buying

Page 4: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Steps in a Media Campaign

Define objectives. Nail down your strategy. Consider all options available. Gather and analyze research. Negotiate with suppliers. Execute/book. Campaign maintenance. Post buy analysis.

Page 5: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Media Objectives

What are you trying to accomplish with your advertising?

Examples Utilize media that will generate brand or product

awareness. Provide the frequency of message required to

increase phone calls or web visits. Utilize media that enhances brand image by

association. Stimulate immediate action.

Page 6: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Media Strategy

How are you going to accomplish it?

Components of strategy Target Audience Coverage Area Timing Reach / Frequency Objectives Media Habits Research Media Mix

Page 7: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Media Strategy

Target Audiences

Consumer examples Age range: Adults 25-54, with children Household Income: $75,000 plus per year

Trade examples Doctors Builders Lawyers

Page 8: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Media Strategy

Coverage Area Define your market area. Be realistic!

Examples:British Columbia Lower Mainland and Vancouver

Island - primary

Okanagan/Cariboo/Kootenays – secondary

English CanadaAll markets

Northern California San Francisco Bay Area

Page 9: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Media Strategy

Timing

Example January – December 2013

Primary: March – May Secondary: September - November

Page 10: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Media Strategy

Reach The unduplicated reach of the defined target

population. Reach takes into consideration your coverage area

and your media selection. The coverage area you define. With media selection, the more you spread your

dollars the broader the reach. However is it effective reach?

Media selection should be based on the medium’s ability to cover your defined geographic area with limited waste.

It is always better to convince 10% of the audience 100% of the way, than to convince 100% of the audience 10% of the way.

Page 11: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Media Strategy

Frequency of Message Frequency takes into consideration the number of

times an individual is exposed to your message. You can build frequency with consistency in media

selection and creative message. For budgetary reasons this often means focusing on a specific geographic area and a few well targeted media vehicles.

Remember that the stronger the frequency of message, the quicker the response.

The average consumer needs 4 exposures before the message registers with them, and studies show that after 7 exposures they will take action.

Page 12: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Media Strategy

Frequency Builders Multiple insertions in the same publication. Consistent schedule week to week, or month

to month within any medium. Multiple spots in one show. Tightened rotations Tue-Thu versus Mon-Fri, or

4 – 7 pm versus 4 – Midnight.

Multiple spots weekly on the radio, or a timed sponsorship.

Page 13: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Media Strategy

Media Habits Research Research is used to determine the media habits of

the target group and support media recommendations.

Useful research studies include:• PMB• BBM• Comscore• Nadbank / Combase

Page 14: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Media Strategy

Available ResearchPMB provides extensive media habits data including: Television

Number of days watch Types of programs watch Specialty channels watch Dayparts watch Avg. number of hours watch

Radio Number of days listen Station formats listen to Program types listen to Avg. number of hours listen

Page 15: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Media Strategy

Available ResearchPMB provides extensive media habits data including: Outdoor

How many km’s drive per week Transit usage

Newspaper Number of issues read Section read Weekday versus weekend reading

Internet Hours per week Website categories accessed Online shopping habits

Page 16: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Media Strategy

Available ResearchPMB provides extensive demographic/psychographic data

including: Age Sex Marital status # of people in household Children in household Head of household Language Ethnicity City, Province Community size

Employment status Occupation Income (HHI and PYI) Education Home ownership and value of

home Principal income earner Principal grocery shopper Events expect to happen in

next year, have happened in past year (i.e. retirement)

Page 17: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Media Strategy

Available ResearchPMB provides extensive category data including:

Personal care Health care, remedies Automotive Travel Business Financial Real estate, home

improvements Household appliances,

furniture

Baby, Children’s products Apparel, misc. products Home electronics, PC’s Leisure, restaurants, tobacco Candy, snacks Beverages Alcohol Groceries Household products, pets

Page 18: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Media Strategy

Media Mix This is where you determine which media

makes sense for you. Based on your objectives, budget and

strategy, which will deliver results? You are setting a boundary around the types of

media you will consider. So if outdoors is not in the mix, you can take that medium off your plate and inform any suppliers that approach you, that outdoors is not a consideration.

Page 19: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Media Strategy

Combining Media - Look for a balance.

Magazines with a higher frequency medium Radio, Outdoor

Radio with a visual medium TV, Print, Outdoor

Outdoor with a more detailed medium Print, Radio, TV

Online with a visual or mass reach medium Print, Outdoor, TV, Radio

Page 20: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Rationale

The Media Rationale provides an explanation of why each medium makes sense based on the stated objectives and strategy. How does each medium and vehicle fulfill the objective and fit with the strategy?

This is provided by your TMM Media Strategist upon presentation of the media plan.

Page 21: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Campaign Maintenance

Keep on top of the campaign once it’s booked!

Makegoods – ensure equal or greater value for any media that is pre-empted

Monitor placement of print ads –always strive for the best possible placement within the pages of the newspaper or magazine for our clients.

Invoice discrepancies – get these items cleared up ASAP to ensure accountability.

Adjustments based on client feedback – be prepared to fine tune the campaign.

Updated audience data – always monitor the audience data as it is released to ensure the media deliver what was purchased.

Page 22: Media 101 Taylor Made Media. Contents Steps in media planning and buying Strengths and weaknesses of each medium Negotiating tactics and added value ideas

Post Buy Analysis

Example: Client X Spring 2013 TV Campaign

Planned Spend: $197,127Actual Spend: $197,127

Value Received: $293,955 – 149% achieved+ Bonus Spots: $120,975Total Value: $414,930 – 210% achieved

Planned Spots: 399Actual Spots: 399 – 100% achieved+ Bonus Spots: 59Total Spots: 458 – 115% achieved