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Cable TV, Rate Card Management, Search Tags to Kick Off 2010

by Erin Heinrich

Here’s a question we hear quite often during phone calls with our agency users and media outlets: “Really, you’re in Fargo? What do you there during the winter?”

Well, we build things–new features and functionality for our media buying solution. This month’s feature release brings the addition of cable television, homepage notifications, search tags, pre-negotiated schedules, and rate cards management.

I want my MTV! shopping_cart
The addition of cable television to the list of Avenue Right supported media types is a much-requested feature. Now users can add the cable outlets they work with to be included in their campaigns. Adding and requesting information for cable uses the same process as broadcast television.

Keeping you up-to-date…

Account homepage notifications allow users to keep track of what is going on in your account along with recent market activity including responses from media outlets, notices when your campaigns are scheduled to start and end, and what media outlets in your market have been added or updated (xyz media outlet updated their profile, or a new radio outlet has been added in your campaign market).

Introducing My Rates

Media buyers can manage pre-negotiated rates in their File Cabinet. Current and historical rate cards allow media buyers to keep on top of what rates they have already negotiated and review and track how those rates change over time. Users can also access these negotiated rates from within their campaigns by using the detailed schedule builder.

It’s a done deal
Pre-negotiated schedules is a great tool for media buyers that need to enter a schedule that’s already finalized with the media outlet. By creating the schedule and selecting “Finalized Proposal,” the budget, placements, and data will automatically be added to your campaign.

What’s the word
Search tags allow  you to enhance your search for media outlets by using keywords.  Media outlets have keywords associated with their information in Avenue Right that is describes the content they provide and the audience they reach.

For example,a radio station may have keywords that describe their format, such as country or rock. A media outlet can also have keywords that describe their audience, such as Hispanic or sports enthusiasts.

More big things in 2010
The coming year will bring some big updates and changes to Avenue Right, allowing users to become even more efficient in their media planning and buying. Some of the new features will include additional customization and reporting. Stay tuned!


Understanding reach, frequency, & relevancy in media buying

by Jessie Johnson

With the advertising industry being redefined by technology and consumer choice in when and how to consume content, the buzzword “media fragmentation” presents an opportunity for marketers.  Media can and should work in concert–not so much fragmented as it is complementary.

The target demographics are changing their media consumption habits. The past few years have brought about an increase in internet usage, and the reach of radio remains constant despite the decline of other traditional media such as print newspapers and directories.        reach-v-frequency1

Meanwhile, more than enough research has been published to support the increase in brand recognition and recall among those exposed to an ad in multiple media. And that’s the opportunity for marketers–using one medium to drive traffic to another and increase the impact of a campaign through multi-channel advertising.

The reason this multi-channel approach works is best explained through the concepts of reach and frequency. To make work well, it’s important to understand the relevancy of a medium to the target audience, too.

  • Reach refers to the total number of people “in the audience” for your advertisement.
  • Frequency refers to the number of times an individual is exposed to your ad.
  • Relevancy is exactly what it implies—how relevant your ad is to an individual at the time and in the context that he or she is exposed to it.

Reach indicates the size of the unduplicated audience. When considering reach, it’s important to remember that an individual viewing or being exposed to an advertisement more than once does not increase its reach, but rather frequency.

Frequency is how many times an individual is exposed to your ad in any medium. Frequency can be attained through repetition of ads during the campaign run dates, and/or by rotating advertisements between media types.

Relevancy. If content is King, then relevancy is Queen. These days consumers have choices—what media to consume, when and how to buy their goods. Before the buy, they can go online and research a product or service, from reading up on corporate messaging to accessing customer reviews. People won’t spend time with an ad if it’s not relevant to them—demographically, contextually, behaviorally, temporally.

While a campaign calendar can illustrate the frequency of advertisements, and the statistics illustrate reach, relevancy is typically based on gut feel resulting from market research. Program ratings and editorial content of a publication can help determine the degree of relevancy an opportunity holds. Marketers can do their best to find relevant placements for their ads and produce ads with relevant content, but actual responses to the campaign are usually the best indicator of relevancy.

Understand the media
The key to leveraging media fragmentation as an opportunity for higher impact advertising campaigns is to understand the unique qualities of each media type. Use that insight to outline a media mix tailored to the local market and media consumption patterns of your target audience, then determine how much of the budget to allocate to each media type in order to reach the campaign goals.

Search + Offline Media = Effective Advertising

by Brian Gramer

Search is most effective when you combine it with other forms of advertising like Radio, TV, and Print–just like the Yellow Pages use to be. And it’s worth noting that newspapers’ demise is due to the fact that 50% of their traditional advertising revenue was generated from classified advertising and their heavy expense structure. Then came CareerBuilder, Monster.com, Realtor.com, craigslist.com…need I say more?

Of course there will be other viable methods to target people online, like social networks (Facebook), some good ad networks, relevant content-driven websites, and the like, but they still have a long way to go before they make a dent in the $100’s of billions that are spent on Radio, TV, and yes, still Print.

For the foreseeable future, advertising professionals better embrace a multi-channel approach to reaching audience and should still heavily consider traditional forms of media as viable options.