It is
never enough to advertise widely if one cannot advertise effectively. For every
startup, where the key to survival is gaining traction and growth, marketing
plays a crucial role. Initial traction for consumer startups gets driven by
digital marketing, as its performance driven and measurable. Having gained the
initial base and equipped with a round of funding, startups often turn to
mass-media advertising across newspapers, TV and radio for growing reach.
Mass
media, however, comes with its own set of challenges, be it being expensive,
hard to target or not being all that data friendly. The performance lens, which
works beautifully for digital, blurs when being applied towards mass media.
Even leveraging traditional FMCG insights acquired via consistent, long-term
branding stand irrelevant when measured against quarterly VC targets of app
downloads and site visitors. Evidently, newspaper advertising in print has
evolved from consistent quarter-page branding ads to high-impact full-page
jackets. Given that the next set of customers that need to be reached exist
offline, how do funded startups leverage mass media for performance while still
maintaining its reach? Having worked across multiple clients to get mass-media
advertising working for them, here are some key insights we’d like to share:
Targeting
the right customer: Given the fact that mass-media advertising is expensive, it
is imperative to understand key customer segments. For example, your startup
may be looking to target all internet-savvy individuals in India, between 18
and 34 years of age. However, do you have data that covers: male vs female, student’s
vs working professionals, urban vs regional and couples vs families? This is
important as each segment behaves differently, with regards to its media
consumption. Wouldn’t it, then, be magical to get insight on individual
population numbers and percentage share to better target and plan for the right
segment?
The
panacea to these burning questions in today’s marketer’s minds can simply be
mining user data available from LinkedIn and Facebook insights of over 130
million user accounts in India. This data would prove far superior to any
consensus report, readership survey or audience measurement solution being used
traditionally. Using this, one can specifically zero in on their key target
audience to plan media spends.
Discerning
Media Preferences: How does one decide among more than 150 newspapers, 200 TV
Channels and 15 radio stations? Traditionally, the media industry has offered
third-party reporting, unique to each media – such as ABC (Audit Bureau of
Circulation) for newspapers, TAM (Television Audience Measurement) for television
and RAM (Radio Audience Measurement) for radio. However, these reporting
systems come with their own sets of challenges, as they’ve not really innovated
since their launch over a decade ago.
TAM, for
example, works on the principle of installing more than 10,000 people meters
across households in the country, on the basis of which they extrapolate TV
viewing behavior of the entire nation (of over one billion people!). Even their
classifications of audiences are divided between age intervals of 10 years each
(for example: 15-24, 25-34 etc.), thereby clubbing multiple segments of
different people together. Thus, the 25- 34 year bracket includes work
professionals, couples and families – even though each group has separate
TV-viewing patterns. Being spoilt with data for digital marketing, startups
might often classify traditional media reporting systems as ‘broken’. As all
reporting parameters measure reach of potential media via GRPs, readers,
listeners, how do media planners effectively develop plans to optimize
performance (app downloads/ visitors) instead of just targeting reach?
The answer
may lie in mining digital data for understanding customers’ offline behavior.
One can analyze YouTube views of specific TV shows broken by audience
demographics; Facebook likes across pages of particular TV channels can be
researched further to understand the key audience demographics preferences of
each. The million-plus likes for the channel Star Plus page on Facebook, when analyzed,
would share far more data and insight as opposed to what 10,000 TAM people
meters can provide. Ideally, insight on consumers’ digital behavior, when
applied on top of traditional reporting, paints a clearer picture for creating
the right media plan.
Leveraging
Advertising Innovations: At release My Ad, we often treat media planning
and buying akin to picking financial stocks. It is important to recognize and
leverage cost-effective new-media options while the opportunity window remains
open. Newspaper jacket advertising, for example, was an innovation which got
championed early-on by the e-commerce giants and is now considered a standard
in any impact-heavy plan and offered as a premium.
The key
exists in leveraging an innovation when its novel and underpriced to drive
value. For example we currently suggest many startups to consider using a
newspaper ‘bookmark ad’ – a full-page ad which clearly juts out (by 3 cm) from
the paper and therefore catches the eye, costing a tenth of the money spent on
a traditional jacket ad. Integrating advertising with content across media is
also important. Every radio plan should also consider including RJ mentions,
sponsorships and contests, in addition to leveraging plans for vanilla
commercials. The importance of leveraging ‘native’ advertising stands powerful
for offline media, more so than it does for digital.
As a
startup, when you’re out to achieve things that have never been accomplished
before, you have to dream things that have never been imagined either.
Traditional media agencies, having worked on FMCG campaigns over the decade,
may falter when questioned on performance metrics of app downloads/visitors and
digital user data. When identifying the key partner to help plan and buy your
media campaign, ensure coherence in understanding the marriage between the
online-offline world and the ability to provide data-driven insight towards
identifying and reaching your target customer. In a world that is a global
village, marketing can never forego mass media. The ideal promise remains to
marry the performance of digital with the reach of mass media.
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