Who When Why What Where How The Product, Ad Message The Consumer Media Selections Seasonality Markets Launch, Promo Media Plan Why do we need a Media Plan ?
Attaining the marketing objectives
Delivering the advertisement message to the consumer effectively Marketing objective Media objective Media Strategy Before we make the Media Plan.... Criteria considered in development of Media Plan The media mix Target market coverage Geographic coverage Scheduling Reach vs Frequency Creative aspects & mood Flexibility Budget Choosing Among Major Media Types Target audience and media habits Product characteristics Message characteristics Cost Major Media Types Newspapers Television Direct mail Radio Magazines Outdoor Yellow pages Newsletters Brochures Telephone Internet Target Market Coverage Full market coverage
Partial market coverage
Wastage Advertising Timing Patterns Media Selection Reach Frequency Impact Exposure Relationship between Trial, Awareness, and Frequency The Frequency Debate : Krugman vs JP Jones Krugman Frequency Three exposures optimal in a Purchase cycle... Diminishing returns after 3 exposures
Reach : secondary
Continuity Only if affordable at 3+ levels JP Jones Frequency 1 exposure within a PC is the most efficient More than one sets in diminishing returns Reach : maximize at 1+
Continuity low levels on a continuous basis The two approaches Response Curve 0 10 20 30 40 50 60 70 80 1 2 3 4 5 6 7 Freq. R e s p o n s e
Response Curve 0 10 20 30 40 50 60 0 1 2 3 R e s p o n s e
Media Measurement Metrics
First level: Reach, Frequency, TRPs, GRPs
Second level: CPTs, CPRPs
Third level: Response, Leads
Fourth level: Customers Universe The Total/Actual number of people in a defined target audience Reach Number of individuals from the universe who are exposed to the medium or vehicle Reach is normally expressed in % terms Calculation of Reach Universe: 10 individuals. For a single episode of CNBC News- if out of the above 10 people 6 saw at least 1 minute of the programme then, Reach:6 out of 10 Therefore, reach = 60% Is there a term that encompasses both Reach and Time Spent ? TVR Principle : Reach x Time Spent TVRs v/s Reach A B C D E 1 X X 2 X X X 3 X X X 4 X 5 X X Individuals M i n u t e s TVRs v/s Reach People that saw the programme for at least 1 continuous minute : A + B+D+E =4 Therefore, Reach=4/5 Reach=80% TVR vs Reach Person Minutes Viewed Minutes Available A 3 5 B 1 5 C 0 5 D 2 5 E 5 5 5 (A+B+C+D+E) x 100 Ratings = On an average 44% of universe of the TG saw the entire Time band TVRs : (3/5)+(1/5)+(0/5)+(2/5)+(5/5) The sum of all ratings achieved in a campaign. GRP levels are generally measured and reported on a 4 week basis It is a measure of the media plans thrust Gross Rating Points (GRPs) Reach x Frequency = GRPs Gross Rating Points (GRPs)
4 spots of a TV ad are placed in Big Boss, and 3 spots in Balika Badhu. If the TRPs of each of these programmes is 30 and 20 respectively, calculate the GRP.
GRP= 4x30 + 3x20 =120+60
Gross Rating Points (GRPs)
GRP= Reach x Frequency
A GRP of 100 could imply 100% of the market is exposed to the ad once 50% of the market is exposed to the ad twice 25% of the market is exposed to the ad 4 times reach reach AOTS When the duplication is lower, the reach increases and average OTS decreases (e.g When dupln. is 10, reach is 63% and AOTS is 3.15) Reach and AOTS are inversely related AOTS. rch rch When the duplication goes up reach decreases and average OTS increases (When dupln. is 40, reach decreases to 53% and AOTS is now 3.75) Reach and AOTS are inversely related Measures of Audience Size-Print Circulation Audience (reach) Effective audience Circulation Vs readership Circulation Measured by the Audit Bureau of Circulations ( ABC ) on an on-going basis with results reported every 6 months Copy count. Number of copies sold Not possible to identify / profile the buyer.
Readership Measured by independent periodic surveys ( NRS ) Measures the number of people who actually read the newspaper. Possible to profile the consumer. Circulation Vs Readership : RPC Audience Publication Circ Rdrs Rdrs/ 000 000 Copy Adults Stardust 175 875 5 Business Today 150 450 3 Men India Today 175 350 2 Business Today 150 300 2 Senior India Today 175 175 1 Bus. Men Business Today 150 300 2 Measures of cost efficiency Basic principle of media planning is that media should be selected on their ability to reach the largest audience at the lowest cost. Cost of space CPT = --------------------- x 1000 Readership or circulation
In other words, CPT is the cost of reaching a thousand readers of the publication in question
CPRP= Cost of spot ------------------------ X 1000 Program rating
Share of Voice : SOV A measure of media weight distribution As a % of the total GRPs delivered by the category
A more reliable measure of relative weights because: Measures a parameter that directly links media to TG Smooths out differences in media buying among brands in category Share of Expenditure: SOE A relative media weight As a % of the total advertising expenditure of the category
Share of Market: SOM 5W + 1H = Media Plan What is Media Planning? A Simple Equation