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3.08 Manage media planning and placement to enhance return on marketing investment
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ADVERTISING REACH WHAT: Number of PEOPLE THAT ARE EXPOSED to your message: CALCULATION (%):Divide the target audience exposed to an ad by the total target audience There are 1,500,000 fans of Tar Heel Football. A recent advertisement was viewed by 375,000 of them. (375,000/1,500,000 = 25% ADVERTISING REACH) WHY: Determines if ad targeted the right audience effectively. HOW: RESOURCES Circulation numbers, subscriptions or rating points
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Reach WITHOUT Frequency =
FREQUENCY and REACH FREQUENCY :Number of times you expose each person to your message Reach WITHOUT Frequency = Wasted Money
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NEWSPAPER MEDIA COSTS Factors affecting COSTS (Lower than most media):
Position and color of ad Split-runs (print different ads for the same product) National ads cost more than local Types of RATES: PREFERRED POSITION: ads placed in location with best exposure for their target market (Ex: Sports ad in the Sports section instead of Garden section) Flat: one time only Sliding scale/ VOLUME DISCOUNTS: more published = cost less per ad Combination: ads and inserts
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MAGAZINE MEDIA COSTS Factors affecting COSTS (Higher than Newspaper):
CIRCULATION: Number of people reached Preferred Position Spreads Split-runs
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TELEVISION MEDIA COSTS
Factors affecting COST: RATINGS FOR CERTAIN SHOWS Determines which shows attract a high volume of viewers Time availability High demand for time during peak winter seasons Length of commercials
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RADIO MEDIA COSTS Factors affecting COST: “DAYPART” Length
Morning drive time, Evening drive time, Daytime, Nighttime Length NUMBER OF LISTENERS
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INTERNET MEDIA COSTS Factors affecting COST: Types of RATES:
Creative type (Text, image, sound, etc.) Size Placement Types of RATES: COST-PER-THOUSAND (aka) COST-PER-MILE (CPM) COST-PER-CLICK (CPC)
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OTHER MEDIA COSTS DIRECT MAIL OUT OF HOME Factors affecting COST:
Size of the space Length of time Production costs Types of RATES: Determined by: Visibility Location Population Factors affecting COST: Production costs Mailing list costs Labor costs Types of RATES: Postage Shipping CAN TARGET A SPECIFIC MARKET
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SITUATIONAL FACTORS to CONSIDER
OBJECTIVES (Goals) of the advertisement TARGET MARKET Identify what media the target market uses to most Limit WASTE CIRCULATION (Number of people exposed to an advertising message who are not target market) COMPETITION Use the same advertising media to reach same target market BUDGET How much money can you spend? PRODUCT DISTRIBUTION
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MEDIA FACTORS to CONSIDER
Cost Media Coverage EXTENSIVE COVERAGE: reaching a large audience (REACH) INTENSIVE COVERAGE: reaching a smaller audience more often (FREQUENCY) Geographic Coverage Lead Time Amount of time required to place an ad by the media Radio has shortest TV and Magazines have longest
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3.08 Media PROJECT
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