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BUYING
    A sub   function of advertising management,
    It is the procurement of media real estate at
    optimal placement and price.
    The main task of media buying lies within the
    negotiation of price and placement to ensure the
    best possible value can be secured.



1
NEGOTIATION

         Media buyers pursue special advantages for
          clients
         Locate the desired vehicles and negotiate and
          maintain satisfactory schedule and rates

      PREFERRED POSITIONS

         Locations in print media that offer readership
1-2       advantages
         Preferred positions often carry a premium
          surcharge
MEDIA KEY PLAYERS

         Media salespeople work for a medium
         Media reps are people or companies that sell
          space or time for a variety of media




1-3
SKILLS NEEDED FOR
    MEDIA BUYER

    Relation with media agents
    Negotiating skills

      .. preferred position
      .. extra support offers
      .. unit costs / bulk buying
      .. flaws
      .. vehicle performance
    Pulse of happenings in media scenario
    Maintaining plan performance
4
    Schedule and technical errors in handling
ELEMENTS OF MEDIA
    BUYING




5
TYPES OF DEALS
    Guarantee   deals

    Bonus   deals




6
MEDIA BUYING
          Provide Info to Media
                 Planner


              Select Media Vehicle



            Billing & Payment



1-7            Monitor the Payment



         Post-Campaign Evaluation
PROVIDING INSIDE INFO


         Media buyers are important information
          sources for media planners

         Close enough to day-to-day changes in media
          popularity and pricing to be a constant source
          of inside information
1-8
SELECTING MEDIA
        VEHICLES


          The media planner lays out the direction; the
          buyer is responsible for choosing specific
          vehicles
         Choose the best vehicles that fit the target
          audience’s aperture


1-9
Media vehicle



             A specific TV program, newspaper,
              magazine, or radio station or program e.g.
              Daily News




1-10
BILLING AND PAYMENT


          It is the responsibility of the advertiser to
           make payments to various media

          The agency is contractually obligated to pay
           the invoice on behalf of the client



1-11
MONITORING THE BUY


          The media buyer tracks the performance of
           the media plan as it is implemented, as well
           as afterward
          Poorly performing vehicles must be replaced
           or costs must be modified
           (check the feedback)


1-12
POST-CAMPAIGN EVALUATION


          Once a campaign is completed, the planner
           compares the plan’s expectations and
           forecasts with what actually happened
          Provides guidance for future media plans




1-13
CHANGES IN MEDIA
     BUYING
     Media buying services
     Online media buying

     Global media buying

     Maintaining plan performance

     Monitoring audience research

     Scheduling and technical problems




14
BASIC TERMS OF MEDIA
     BUYING
     FREQUENCY- the number of times a person or
     household is exposed to a media vehicle within a
     given time period.
     REACH- total number of people or households
     exposed to your message within a specific period
     of time.
     CPM- This is an acronym for cost per 1,000
     readers/listeners/viewers and is traditionally the
     way media sales reps talk about their ad rates.
     IMPRESSIONS- the number of exposures among
     the people who see the ad, which is different from
     audience or circulation.
     RATINGS   POINTS- These are measures that TV
15
     and radio stations use to equate one program to
     another in terms of audience.
CONCLUSION

     One   of the main features which agencies sell themselves
     is the relationship they have developed with media and
     media vendors
     Negotiating with the media for purchase of space and
     airtime
     Getting best positions and times at best rates
     Media Buyers should have good relations with media
     sales reps
     As to any buyers, media representatives visits media
     buyers and have offers and discounts
16   Online media buyers are more working in a futures market
     than print.

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Media buying

  • 1. BUYING A sub function of advertising management, It is the procurement of media real estate at optimal placement and price. The main task of media buying lies within the negotiation of price and placement to ensure the best possible value can be secured. 1
  • 2. NEGOTIATION  Media buyers pursue special advantages for clients  Locate the desired vehicles and negotiate and maintain satisfactory schedule and rates PREFERRED POSITIONS  Locations in print media that offer readership 1-2 advantages  Preferred positions often carry a premium surcharge
  • 3. MEDIA KEY PLAYERS  Media salespeople work for a medium  Media reps are people or companies that sell space or time for a variety of media 1-3
  • 4. SKILLS NEEDED FOR MEDIA BUYER Relation with media agents Negotiating skills .. preferred position .. extra support offers .. unit costs / bulk buying .. flaws .. vehicle performance Pulse of happenings in media scenario Maintaining plan performance 4 Schedule and technical errors in handling
  • 5. ELEMENTS OF MEDIA BUYING 5
  • 6. TYPES OF DEALS Guarantee deals Bonus deals 6
  • 7. MEDIA BUYING Provide Info to Media Planner Select Media Vehicle Billing & Payment 1-7 Monitor the Payment Post-Campaign Evaluation
  • 8. PROVIDING INSIDE INFO  Media buyers are important information sources for media planners  Close enough to day-to-day changes in media popularity and pricing to be a constant source of inside information 1-8
  • 9. SELECTING MEDIA VEHICLES  The media planner lays out the direction; the buyer is responsible for choosing specific vehicles  Choose the best vehicles that fit the target audience’s aperture 1-9
  • 10. Media vehicle  A specific TV program, newspaper, magazine, or radio station or program e.g. Daily News 1-10
  • 11. BILLING AND PAYMENT  It is the responsibility of the advertiser to make payments to various media  The agency is contractually obligated to pay the invoice on behalf of the client 1-11
  • 12. MONITORING THE BUY  The media buyer tracks the performance of the media plan as it is implemented, as well as afterward  Poorly performing vehicles must be replaced or costs must be modified  (check the feedback) 1-12
  • 13. POST-CAMPAIGN EVALUATION  Once a campaign is completed, the planner compares the plan’s expectations and forecasts with what actually happened  Provides guidance for future media plans 1-13
  • 14. CHANGES IN MEDIA BUYING Media buying services Online media buying Global media buying Maintaining plan performance Monitoring audience research Scheduling and technical problems 14
  • 15. BASIC TERMS OF MEDIA BUYING FREQUENCY- the number of times a person or household is exposed to a media vehicle within a given time period. REACH- total number of people or households exposed to your message within a specific period of time. CPM- This is an acronym for cost per 1,000 readers/listeners/viewers and is traditionally the way media sales reps talk about their ad rates. IMPRESSIONS- the number of exposures among the people who see the ad, which is different from audience or circulation. RATINGS POINTS- These are measures that TV 15 and radio stations use to equate one program to another in terms of audience.
  • 16. CONCLUSION One of the main features which agencies sell themselves is the relationship they have developed with media and media vendors Negotiating with the media for purchase of space and airtime Getting best positions and times at best rates Media Buyers should have good relations with media sales reps As to any buyers, media representatives visits media buyers and have offers and discounts 16 Online media buyers are more working in a futures market than print.

Editor's Notes

  1. When each deal is done Why a CPRP Why bonus Effective Adv/ Disadv ALL LEADING TO INVENTORY MANAGEMENT Exercise for next day about deal making 10 cr deal Vs 1 cr deal