Archive for the ‘ad spend’ Category

Outdoor Media – Integrating New Media technologies to change the way that an audience interacts with traditional media.

Traditional media such as broadcast (radio & TV), print and outdoor is still very much alive and ranks high in ad-recall studies though lacks the type of campaign performance data found with New media. New Media (such as the Internet) brings with it a variety of new ways to advertise and track the performance of your campaign with relevant interaction numbers instead of educated guesstimates that are the only numbers currently available with traditional media. Outdoor media, in this case the posters or billboards you are used to seeing along roadways, bus stops and airports etc., are slowly evolving and are also embracing new technologies.

The ability to see campaign performance with new media campaigns rightly sparked marketers to ask how to better track traditional media – and we are just now seeing some tools that may help marketers answer that question effectively.

I ran across an article in The Wall Street Journal regarding outdoor media and specifically the use of wireless routers within bus shelters that allows users to download apps, ringtones, etc., while waiting for their ride to arrive.

What’s interesting is that the ad space is being augmented not by the outdoor vendors themselves (CBS / clearchannel, etc., who you would imagine would be able to develop technologies to better serve their customers) but instead by other companies that re-sell this space and charge on a per-action basis. This means we are going to start seeing tracking reports for outdoor media in the future, which should provide a much clearer idea of the interaction and impact of a campaign executed through traditional media formats.

We’ll have to see what catches on. The technology is still new and there are a variety of elements that may skew results such as malfunctioning hardware (such as wireless routers), an audience that may need to have smart phones rather than “dumb” phones as well as other variables.

If you’re interested to read about the company heavily trenched in this outdoor technology, check out Amobee, who are headquartered in Redwood City, CA.

Christian Castro
Just Media, Inc.

Forbes & Just Media, Inc. How to sell on mobile platforms.

Just Media, Inc., CEO Dick Reed shares his insight into the best strategies for sales media embracing mobile technology.

The video interview is available here:.

Upbeat agency forecasts for 2011

Good news for agencies: Already there’s clearly a very positive feel emerging for 2011. Indications are growing that Ad Spend will significantly increase for 2011, across many different platforms, but with online leading the way.

Just this week, AdweekMedia’s key editors have outlined their thoughts on likely activity for the coming year, with Noreen O’Leary predicting significant agency growth across the US and global markets:

“Even at a modest forecast of 3.7 percent (economic) growth next year, GroupM says the U.S. is expected to add $5 billion in new ad spending, more than China. Q3 corporate profits were at an all-time high, …that cash is being used to woo consumers.”

Seth Alpert, managing director, AdMedia Partners, adds that big marketers are shifting work from longtime network partners to smaller entities. “Clients, affected by what’s happened in the economy…have discovered they are being served in different and better ways.”

The full report from AdweekMedia is available here

Kate Maddox of B2B Magazine echoes the upbeat prediction: “Ad spending will be on the rise over the next three years, according to several recent forecasts by research firms and media agencies. They all predict growth in overall spending, led by Internet advertising. Last week, research firm eMarketer revised its forecast for U.S. online ad spending to $25.8 billion this year, an increase of 13.9% over last year. This is up from eMarketer’s May forecast of 10.8% growth in U.S. online ad spending for the year. Next year, online ad spending is expected to be up 10.5%, followed by double-digit growth every year through 2014, when spending will reach $40.5 billion.”

See B2B report here

Ad spends to drop in 2009 but should yours?

The parent company of Just Media’s London office, Aegis Media, have just announced their 2009 media ad spend predication’s. Global decline was predicted as being down by 5.8% while in the US this figure was predicted to fall by 9.8%.

For an industry that creaks and groans as soon as it is not experiencing year on year increases or 2-3% this data may appear to be a disaster but lets look at this more realistically.

Media rates have softened and it’s entirely possible that much of this decline can be absorbed by cost reductions in strongly negotiated media buys. So any company who actually does slash a budget by 10% is probably going to net out with almost as much media as before.

Also a 10% decline in budgets means that for every marketer who is slashing their budget significantly (you perhaps?) there are others who are seeing the opportunity to grab market share of voice and actually increase activity. Also historically we know that those that do slash hard, also tend to be the most conservative and the slowest to come back.

Within the tech sector and indeed our own client base we have seen this pattern emerge. Some clients have reacted to market pressures by slashing back on spend and consolidating all activity into lead gen programs – completely abandoning significant outbound awareness marketing programs. Others are seizing the opportunity afforded by softer rates to buy stronger integrated campaigns which include a balanced mix of above the line components such as print ads, advertorials and targeted banner creative with direct contact strategies or lead development through content syndication, small personal events programs and virtual and web events.

While I fully understand the natural reaction within executives is to look at instant cost reduction (I am a CEO after all) I can only hope that marketing professionals in tech companies are not bowing to pressures and making decisions that will in the long term prove to be counter intuitive.

This is not the first recession we have seen and it’s won’t be the last. Ever noticed the pattern that those who emerge the strongest each time are the companies who didn’t disappear off the face of the planet and stop talking to their customers?