An overview of media buying
Business and Economy October 21st, 2009Media buying means purchasing the advertisement sphere from an organisation percolating media properties. The cost involved in media buying depends on a lot of factors like, which media property the buyer is interested in, the size of the ad operation, the time in which the buyer wants the advertisement to be displayed and certain other features involved in media operation.
Media buying cannot be done by everybody. One needs to have enough knowledge about the business, for limiting the chances of getting deprived. In order to get the best deal in media buying you can either look for broadcasting sales representatives or delegate a proficient media buyer. Choosing a professional buyer involves very less cost or no cost at all, because these buyers are paid commission by the station. Even if you opt to go for qualified media buyers, you need to know certain aspects. Given below are a few points that needs to be considered before media buying directly or choosing a qualified buyer.
Benefits of rating
All the programs broad casted on television are being rated by popular rating service companies like Nielson, which is accepted by all the stations. These new ratings are published during the months of November, May and February. So while deciding media buying, you need to check the rating.
Choose the numbers
Generally, the Imperial Market firms, purchase the radio and TV on the basis of “tonnage”. So before you go for media buying, you should ascertain the market you want to target, and then reach out to them. Your intention should be to get the lowest price for every thousand. Some of the freelance media purchasers and small advertisement companies even agree to give you a percentage of the commission, in case they get their full commission.
Extensive research
In order to reach and create an impression to mass public, you need to do extensive research. It will take some time for a particular prospect, to notice your advertisement and to get to know about your company and the services that you offer. He may have to see your advertisement many times. Generally a commercial has to reach hundred percent of the viewers with an moderate oscillation of minimum five times. This can be achieved when you choose at least two stations. Local cable TV is also one of the most successful stations. Apart from television, you can opt for radio and other media spheres.
Program agenda on television
Depending the program you can buy time. If you want your advertisements to be braod casted between 7.00pm to 11.00pm, the cost will be really high as this is the prime time slot. So, it is advised that you opt for only ten percent of the spots during the prime time, and twenty percent should be allocated during the fringe time, that is half an hour before the 7.00 pm and half an hour after 10.00pm. And the rest should be allocated throughout the day.
The above are just a glimpse of the factors that needs to be considered before media buying. But, the subject is vast, and requires a qualified professional to do the job efficiently. Therefore, choose the best professional and reach out to more audiences.