Is television advertising really worth the investment?
For decades the TV Industry and the Big Madison Avenue Agencies have had a cozy relationship with the clients getting the raw deal. During the upfront season Agencies and the TV Industry would pretend to work really hard at hammering out the best deals for their clients. The fact is...were the agencies really going to re-allocate their client's budgets to another ad medium (think New Media) outside of TV when that is where they make the most money? It is all smoke and mirrors with the clients suffering.
The agencies make the bulk of their revenue from the creation of TV commercials and buying TV time. <----Did you hear that Mr. Chief Marketing Officer?
What advertising medium do you think agencies are pitching daily to their clients? Why do you think New Media is still not getting close to the share of ad dollars that TV is getting? Where the ad dollars have been spent in the past has lots to do with agency self preservation.
The TV Gravy Train is Done
Big Madison Avenue Agencies out there who are used to every solution to a marketing problem being solved by how many :30 second TV ads they can run are in trouble. In this Economy when ROI is so important you can no longer hide.
The TV Industry has tried their best to put lipstick on a pig with articles like this one "Network Phenom: Little Broadcast Erosion" which came out on 9/25 and can be found here...bit.ly/40a9I
The article praises the Fall TV lineup and mentions how the TV Networks have experienced only a small loss of audience from the previous year. The Agencies pushing TV on their clients love these stories BUT are frightened to imagine a Chief marketing Officer or even a CEO to see this recent TIVO study from an article that came out on 9/24...bit.ly/XmTDV
The TiVo's Stop||Watch ratings service demonstrated the following...
- 83% of "Mad-Men" viewers fast forwarded through the commercials
- Drama programming's viewers fast forwarded through the commercials 73% of the time
- 30 Rock viewers were LEAST prone to skip through commercials but still did it an alarmingly 64% of the time!
If you are a business who is paying TONS of money to expose your product or service to the masses then wouldn't you want the masses to see it?
The time is now for CEOs, CMOs, and Local Business Owners to wake up and realize their are a lot better marketing answers for their money than TV. Don't let ad agencies feed you the TV BS anymore!!!
When your Agency tries to push TV on you then site the above article for a reason why you want to see a detailed Marketing Plan which includes other advertising mediums. If the agency still tries to push TV on you then tell them you are willing to pay 25% of the TV ad rate since that is the average percentage of the audience who might see your ad...HA!
New Media, Social Media, and Local Radio are three VERY effective and Cost Efficient Mediums which can get the job done at a fraction of the cost for TV.
The times have changed and so should your marketing approach!
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