Ch 15 designing and managing integrated marketing channels14e
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
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
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