Does anyone still pay attention to ads and commercials?
Part 2: One solution--don't change too much too soon.
The linear, sequential, one-way mass communication that had been
the norm since Hammurabi had his 280 edicts carved in stone for
all of Babylon
to see 3,768 years ago is now, like Hammurabi, history.
Original post date: 6/9/2008
At
some point in the 1980s the mass communications paradigm
began to change fundamentally, and the pace of change
has accelerated exponentially ever since. Communications
are now multi-faceted, simultaneous and universal. And
constantly getting more so.
Last
week's article outlined some of the factors driving
the new communications environment: massive media
proliferation, message mega-proliferation, media
multi-tasking, multi-message media, multi-media media
and audiences' mini attention spans.
Several hundred channels of TV, millions of web sites,
mobile media, spam, outdoor that blinks out a new
message every ten seconds, 47 radio formats, interactive
point-of-purchase displays, 19,532 magazines, search,
newspaper and many, many more bombard a typical American
with 5,000 marketing communications messages every day.
Media multitasking has become the norm. People watch TV
while surfing the web or read magazines while listening
to radio. There are multiple messages on one screen. And
links between TV and cell phones and web sites.
The leisurely three seconds during which advertisers
could capture the audience's attention at the beginning
of a commercial has been cut in half. And that
second-and-a-half is an incredibly luxury of time
compared to the nanosecond we get to hook searchers and
visitors online.
All the change – and the ever-faster rate of change –
make this one of the most interesting times in the
entire history of marketing. And although the ancient
Chinese supposedly considered "May you live in
interesting times," a curse, marketers should consider
it a benediction. Because interesting times give nimble,
aggressive marketers a tremendous opportunity to take
advantage of change.
So
where do you start? A Goldilocks strategy. Don't change
too much too soon. And don't change too little too late.
And you'll get marketing to today's mini attention spans
just right. This week's posting covers the first half of
the equation: don't change too much too soon.
It's great to be an early adopter. Companies that get
involved with new media early have a head start if and
when those new media go mainstream.
But "involved" doesn't mean betting the farm. New media
build buzz long before they build business. Marketers
who jettison tried-and-proven media which are still
effective risk losing the customers the old media bring
in before the glamorous new media can generate a
substantial customer base. Some examples:
What's the most powerful marketing communications medium
today?
If you answered "Internet," you might want to
reconsider. Today's strongest marketing communications
medium by far is television. The
average American spends almost six times longer in front
of the TV screen than online, according the U.S. Bureau
of Labor Statistics.
Yes, ratings are down, and they're probably never coming
back up. But there's no other medium that can come close
to TV's near-universal reach. Younger audiences don't
watch nearly as much TV as Boomers. But
15-to-19-year-olds still spend two-and-a-half times more
time watching TV than online. TiVo is a looming threat,
but it's not here yet. Only 1% to 8% of a typical show's
audiences records and watches later (virtually always
fast-forwarding through the commercials).
Digital media guru Cory Treffiletti put it into
perspective: "TV
is, and will be for the foreseeable future, the most
high-impact and leading advertising medium. There is
still no form of media that can provide a stronger, more
highly impactful, more widespread audience than
television." TV may not be the 800-pound gorilla of
marketing communications any longer. But it's still the
700-pound gorilla, and that trumps anything else out
there.
The kind of hooks that have captured audience attention
in the past still work. Only they now have to do it in
half the time.
Newspaper is down. But it's not out yet.
Local daily newspaper circulation is plummeting, and
that smaller audience delivery is beginning to be
reflected in lower advertising rates.
Those lower rates are good news for marketers targeting
newspaper readers: older, affluent, educated people who
are prime prospects for financial services, luxury cars,
healthcare and more. Newspaper has been transformed from
a mass-reach medium to one that targets boomers-and-olders
with very little waste circulation among younger – and
less affluent – groups.
But what if you need to reach a younger audience?
Newspaper still works. College newspaper. Although very
few people under 30 read local dailies, an
Editor &
Publisher study found that 82% of college students
read their school newspaper.
And with newspaper, marketers have the luxury of a big
space to capture attention and then hold it through a
relatively long persuasion process. And that "big space"
part is important. Study after study shows that
attention and recall increase as the size of the ad
increases.
Direct mail is e-mail on steroids.
(But it's legal.) Four out of five direct mail pieces
are thrown away unopened. Sounds pretty grim until you
compare it to the number of marketing e-mails that are
flushed unseen into spam filters. Industry studies show
that even opt-in e-mails are often snagged by ISP's
spam-catching algorithms.
So
only one-fifth of direct mail pieces get opened. That
adds up to 21 billion mailers that do get read.
In other words, the average American reads 70 direct
mail pieces every year.
Despite the fact that the direct mail industry was more
than half a century ahead of online at quantifying every
aspect of marketing communications programs, there's
still an extraordinary amount of truly incompetent DM
out there. Factor out the some of the abysmal mailers
produced by folks who think "I get mail all the time. I
can do my own," and the opening rate for professional
produced pieces may approach 50%.
Like contextual search, DM can target precisely. Lists
can be sliced and diced to deliver a target audience in
the market for just about any specific product or
service. And the mass customization made possible by new
digital printing technologies can tailor pieces to very
narrow parameters. In some cases even to individual
interests. And a piece that is all about the recipient's
interests is a sure-fire way to grab their attention.
Vertical magazines are guaranteed attention-grabbers.
General interest magazines are taking hits, the entire
soft porn category is flaccid and news magazines are
hemorrhaging readers and advertisers. But vertical pubs
are doing fine. All the near-term survivors will be
multi-platform print/internet message delivery systems,
but the ones that get that balance right will thrive.
They'll thrive in circ because folks who love boats will
want to hold
Boating and
Motor Boat right in their hands as they ogle yachts
that cost more than their homes. Heck, some of them cost
more than all of the homes in the oglers' subdivisions.
And magazines will thrive in advertising revenue because
the enthusiast readership is ready and eager to pay
attention to ads that are intelligently crafted to
appeal to their interests. 48% of readers say ads add to
their enjoyment of magazines. 61% have a positive
attitude toward magazine advertising. That makes them a
very attractive place to grab readers' attention.
People are still all ears for radio.
Weekly radio listening fell 14.6% over the last ten
years. But 93% of Americans still listen an average of
19 hours a week. The internet has had an impact. Now 20%
of at-work radio listening is online rather than over
the air. But broadcast radio's extensive audience and
relatively low cost make it an extremely effective reach
and frequency medium.
Satellite radio's threat to terrestrial broadcast has
never materialized. According to
The Wall Street
Journal, satellite radio has only 17.9 million
subscribers. Less than 8% of the 232,960,000 people 12
and over who listen to terrestrial broadcast radio every
week.
The formulas for grabbing attention for commercials in
broadcast radio are classics: humor, music,
theater-of-the-mind drama or on-air personalities
riffing – somewhat irreverently – about the brand.
Outdoor is experiencing multiple personality disorder
right now.
Digital billboards, eye tracking displays and
interactivity with mobile media are at the leading edge
of the evolution of traditional media (more about those
next week).
But a conventional vinyl posting is still a conventional
vinyl posting. And it's still a powerful
immediate-purchase medium.
A
Perception Research Services study found that the
overall "seen/noted" average for all outdoor media was
70%, but recall was just 26%. An Arbitron study showed
another aspect of the immediate effect of outdoor: 29%
of respondents said outdoor prompted a visit to a retail
store within a week.
So
although conventional outdoor may not be of much use in
building a brand, it's great at generating immediate
actions – like getting travelers to pull off the
interstate in response to a "KFC next exit" sign. At
least it is if it follows the formula for
attention-getting outdoor: graphically powerful and
limited to five to seven words.
Yes, you still need a traditional web site.
With social networks, widgets, in-game placement video
skins and three new marketing apps that were probably
developed between our writing this and posting it, is a
conventional web site really still important?
Yes. In fact, it's indispensible.
A
Marketing Sherpa study analyzed the information
prospects want from web sites in different phases of the
significant purchase buying cycle. Price, product
information, product/service competitor comparisons,
customer service information and company information
were the five key factors.
Two factors, product/competitor comparisons and customer
service, are, to some extent, out of the control of the
brand. Prospects will compare competitive products or
services by going to competitors' web sites. And
customer service reports from users are pretty much
completely controlled by social and/or peer networks.
But price, product information and company information
are essential information a traditional web site must
supply. Surprisingly, the "About Us" (company
information) page matters a lot. Although it's the fifth
of five areas of interest in all stages of the decision
cycle, by the purchase stage it rises to a level of
importance about 60% of price in making the final brand
pick.
Don't change too much too soon? But the whole marketing
world is changing!
We agree. The whole marketing world is changing. Well,
maybe not the whole marketing world. Because ultimately
marketing works inside the minds of marketers' target
audiences. And although the tactics of communications
change, the basic mechanics of motivation don't. Nor
does the fact that most people are inherently
conservative and evolve away from their habits rather
than changing abruptly.
The shift has started, but it's far from complete. Don't
abandon strategies and tactics that work today just
because they may or may not work tomorrow.
Next week we'll consider some of the changes marketers
may want to implement immediately.
Next week: Part 3 – don't change too little too late.