Media
Purchases Give Big Boost
Preview Samples
Below
|
Over $23,000,000 Purchased in Media
in 2004.
|
|
$28,000,000
Purchased in Media in 2005.
|
|
2006
projections will allow for over 35 million
in sales revenue.
|
|
|
The buying of electronic media
mostly based on gross rating points and the
cost paid per point. GRPs,(gross rating points)
- sum total of the ratings achieved for a media
schedule.
It is the calculation of ratings per program
/ frequency, {number of times the commercial
gets aired in each time slot}
CPP is the cost to purchase a single rating
point. Estimating media expenses, the buyer
multiplies the total gross rating points by
the cost per point to approximate
the media cost for an advertising schedule.
This is a quick way to provide rough cost estimates.
Advertising time can be bought nationally 'network
buy', or in designated media markets 'spot television
buy'.
GRPs indicate the reach of the advertising buy
throughout the country for a network buy, or
in the specific media market for a spot buy.
This provides an estimate of the exposure of
the target audience to the campaign's advertising.
Diamond Media's general rule of thumb is 100
GRP's = average TV viewer will see a commercial
once.
Therefore, 500 GRP's should expose the average
viewer 5X.
Since this is a concept average, a regular viewer
might see the ad 8 times & light viewer
may only see the spot once.
For spot television buys, the average target
should see a commercial at least five times
in a week, i.e. the spot should achieve 500
GRP's, for it to have the potential to influence.
650 gross rating points is considered a substantial
buy for one week. Many run over 1,000 points
per week during saturation media buys. For network
television buys 200 GRP's is considered light,
300 medium, and 400+ a heavy buy.
Few businesses can afford to run television
and radio spots constantly from start to end.
Decisions must be made to maximize the impact
of the advertising by creating a media plan
that takes advantage of the viewers' decision-making
processes. This is how Diamond Media Group can
help.
DMG's overall schedule for the media buy can
incorporate three different patterns. Ads can
be aired continuously at a single level of gross
rating points throughout - 'continuity pattern'.
Employing single level of GRPs for entire media
buy fails to take into account variations that
occur during the campaign.
If the levels of GRPs are varied during this
period of time, then the campaign is employing
a second technique - 'pulsing'.
By increasing the media buy at key points, such
as the beginning and the final weeks, the weight
and timing of the advertising is matched with
the objectives of the campaign.
'Flighting' - the third method of creating an
advertising schedule. "Advertising Flight"
describes the time when commercials are aired.
When flighting is used it refers to a method
that has advertising going on and off the air.
Diamond Media'sadvantage of the flighting technique
is that it allows a campaign that does not have
funds for running spots continuously to conserve
money. Maximizing the impact of the commercials
by airing them at strategic times during the
campaign.
Frequently when flighting is employed, radio
or cable TV will be used to supplement the advertising
campaign during the times when television commercials
are off the air. This is Diamond Media's method
of media planning which allows the messages
and themes of the campaign to reach the audience
through radio or cable TV, less costly alternatives
to broadcast TV.
DMG's effective media buying requires a defined
target audience to be reached by the advertising
message. Once the target audience is defined,
the media plan should maximize contact with
these key groups through cost-efficient buying.
Demographics
One of Diamond Media Group's effective means
of buying media to reach a target audience is
by demographics. The target audience is usually
defined in demographic terms. When evaluating
program ratings, analysis of adults 35+ will
often show that certain programs, news, and
certain talk shows can provide an efficient
means of targeting.
As a result of programming strategies designed
to attract listeners within tightly defined
demographics, radio is a cost-efficient medium
for reaching targets. Certain types of programming,
music, and on-air personalities are focused
to reach adults 35+. Any demographic group targeted
can be reached effectively by analyzing radio
ratings and the type of program aired by a station.
Demographic and lifestyle data can be matched
with ratings information to increase the efficiency
of the buy. This process follows the CPP buying
procedures. Understanding the types of programs
is an effective way of maximizing the impact
of the media buy.
In primetime, upscale programs for example:
ER, NYPD Blue, and Chicago Hope, as well as
sitcoms focused for adults like Friends and
Seinfeld could be rotated into the buy to expand
the reach of the message. ABC Monday Night Football
has a high quality audience, as do primetime
newsmagazine programs such as 20/20, 60 Minutes,
and Dateline NBC. The high cost per thousand
for these shows is a direct result of the concentration
of upscale viewers.
In primetime, Made For Television movies, action
programs, and sit-coms targeted at young adults
can also be included in the buy as an efficient
way to reach this key audience.
Broadcast markets are defined by Arbitron as
Areas of Dominant Influence (ADI) and by Nielsen
as Designated Market Areas (DMA). These geographic
regions consist of counties that receive broadcast
signals primarily from stations within this
defined market. Broadcast planning and budgeting
are arranged around this geographic structure.
Management define geographic target priorities.
The media buy then allocates funds according
to targeting decisions. The concept of advertising
weighting is a method of deciding which percentage
of a media buy is spent in each separate geographic
market. Weighting encourages priority- the importance
of the different cities and regions of the state,
and then spend advertising funds in relation
to these decisions.
The individual broadcast market should be analyzed.
Then determine cost per point levels for the
campaigns advertising. Later, CPP for the markets
are compared to evaluate the cost-efficiency
of the media for various regions. This should
be included with target opportunities, field
organization, and homebase, to establish the
advertising weighting for the media purchase.
Most television stations are surveyed at least
four times a year. Television usage varies during
different times of the year. Radio ratings are
based on the same principles as are TV, but
are somewhat different in nature. Radio programming
is divided into broad dayparts, program blocks
occurring during the day.
Diamond Media's radio time can be purchased
on a daypart basis, placing orders for commercials
to be aired during specific daypart blocks.
Radio listenership is usually highest during
morning drivetime, 6 am until lO am, and in
evening drivetime, 3 pm until 7 pm, making these
time periods desirable for campaign advertising.
|