
One of the many tasks that falls under my job description is buying advertising. Coming into the field of communications from a journalism background, I had no idea what went into ad buys, what I should be looking for, and when to recognize a good deal. I quickly learned.
Each media company has account mangers who are continually on the hunt for new business. They paint a rosy picture of how your “investment” will further your business or organization and increase sales. Not everything they offer makes good financial sense, however.
I recently was contacted by a radio station offering me 15 second “seasons greetings” spots. The point was to wish customers a Merry Christmas. In the world of radio, 15 seconds isn’t a long period of time. I could buy 15 of these spots for $275. That works out to a little over $18 a spot. It seems like a good deal, right? Not really. For a mere $2 more per spot, I could buy a 30 second spot on a competing station that has a long standing history of being highly rated in the area. You really need to know your market.
The same station, also offered me four spots to air during a one hour period on Christmas Day. I don’t know about you, but I’m not listening to the radio on Christmas Day. This would have cost $75 for a total of one minute of air time. Again, I could have bought the same amount of air time with a higher-rated competitor for $40. What initially seemed like a good deal, quickly soured once I evaluated the price per spot and what the competition could offer.
What it really comes down to, as I alluded to earlier, is knowing your market, having an advertising plan and firm budget. Sit down at the beginning of the year and budget how much you want to spend on advertising, where you’re going to spend it and when. Always budget some money for those “last minute” unexpected offers which may come your way. While the last minute Christmas offer I highlighted was a bad deal, there are some good ones that do pop up from time to time.
To be a smart advertiser and spend your money wisely, you need to talk to your account manger and get some basic information. Here are some tips.
1. Broadcast Advertising. Get ratings numbers. Any reputable account manger will provide this information. Ratings numbers can reveal what demographics are listening, when they’re listening and how well the station is performing overall in terms of audience share. This will allow you to know where to air your ads and when to air them. Choosing the correct station based on music format and ratings and pairing that data with what you’re advertising/promoting is also essential. I wouldn’t air ads selling hearing aids on a hot adult contemporary station, for example, nor would I air them late at night. Know when the demographic you’re targeting is listening and have the station air your ads at that time of day. If you don’t understand the ratings information, ask the account manger to explain it.
2. Print Advertising. You need to obtain circulation numbers, and note that the number can differ depending on the day. Daily newspaper circulation varies as
some people subscribe for only certain days of the week. Some papers may also send an edition that reaches a wider audience on a particular day of the week. Naturally it would be smarter to advertise on that day to reach the wider audience. “Readership” is also a term you might hear. Readership refers to the estimated total number of people who read the paper. Considering more than one person will typically read a single copy, this number is generally higher than the circulation.
Watch for extra charges for colour, internet insertion, and request placement of your ad near the front of the paper. The obituary page, believe it or not, is a prime spot, especially if you’re targeting an older demographic. Most publications include the design of your ad in the cost of running it. Discounts may be available if you provide a “camera ready” ad, meaning you’re responsible for the ad’s design and having it ready to meet the paper’s deadline.
Outside of newspapers, there’s been an upswing in the free publication market. You see free magazines at the grocery store, restaurants, and arriving in the mail. Topics range from home improvement to seniors to business, but they generally all have the same layout— a few articles combined with lots of advertising. These publications can be a useful advertising vehicles because they tend to have a longer shelf life than newspapers and contain good articles worth reading. That being said, the method delivery is key.I tend to avoid advertising in free publications if the onus is on the consumer to pick them up. If I’m walking past a rack of FREE magazines leaving the grocery store, I may or may not take one. If the magazine is included in my mail by Canada Post, chances are it will at least get skimmed. Targeting publications that use Canada Post to deliver them directly to homes will help you get a stronger rate of return.
3. Online Advertising. The biggest area to look out for is “hits vs. visits” to websites. There’s a BIG difference. A website “hit” is not a hit on the website, but the server. If a webpage has 46 pictures and three ads on it that counts as 50 hits every time the page is loaded. The extra hit comes from loading the page itself.
“Visits” is the actual number of times the page is accessed by a web browser. A website may claim it has 50,000 hits, but that’s equal to only 1,000 visitors. Generally, traffic on media websites is monitored externally and independently and these numbers should be available to you, just like ratings and circulation figures.
As you’ve seen, the world of advertising is a complex one. I’ve barely scratched the surface. A little bit of homework, and a firm budget and advertising plan can give you the upper hand ensure you get the the biggest bang for your advertising buck.
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