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Buying and Selling Media - PowerPoint PPT Presentation

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Buying and Selling Media
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  1. Buying and Selling Media Chapter 6

  2. Implementing the Media Plan • The Role of Media Planning • The Role of Media Buying • The Role of Media Sales • Other Media Players • Media Research • Media Management • Media Traffic • Agency Billing

  3. The Role of Media Planning • Prepare and present the recommended plan • Analysis • Strategic recommendations • Translate the plan into a buying brief

  4. The Buying Brief • Designated buying target • Strictly demographic • Often same as plan “measurement target” • Summary of plan objectives • Restatement of the reach/frequency goals • Rationale

  5. The Buying Brief • Summary of key plan strategies • Scheduling – specific timing goals • Geography – market or regional emphasis • Media Mix – media by class/type • Rationale for each

  6. The Buying Brief • Detailed media requirements • Purchase weight goals by week • By media • By market • Typically presented in a spreadsheet

  7. The Buying Brief • Budget breakdown and cost parameters • Planning cost guidelines become cost parameters • Buying budget goals by week • By media • By market

  8. The Buying Brief • Media market and merchandising strategy • Upfront buying • Bulk buying and “pools” • Merchandising extras • Television sponsor billboards • Magazine reader surveys and BRCs • Radio contests and “remotes”

  9. The Role of Media Buying • The Basic Buying Process • Identify alternatives • Evaluate alternatives • Negotiate details • Execute the buy • Manage the buy

  10. Identify the Alternatives • Identify possibilities • Meet with sales reps • Read the trade press • Media research resources • Assemble the important information • Relative to plan strategies • Relative to message requirements

  11. Evaluate the Alternatives • Complete the analysis • Prioritize and rank alternatives • Based on plan criteria

  12. Negotiate the Details • Most variables are negotiable • Cost/pricing • Positioning/placement • Timing • Merchandising extras

  13. Execute the Buy • Contract with the media • Contract distribution • Billing department • Media traffic

  14. Manage the Buy • Contract conditions • Proof of run • Tearsheets • Air checks • Proof of audience • Competitive separation • 6 pages • Commercial pods

  15. National TV Upfront Buying • Upfront Market flow and timing • Mar/Apr start • May Negotiations and buying • September – following August airing • Upfront Buy degrees of firmness • Varying by quarter of the year • Higher, more firm early quarters • Release mechanism for both the media and the marketer

  16. The Role of Media Sales • Research and Analysis • The goal is to position the media property • Sales and Negotiation • The art of problem solving • Finding the right problem that the media property can best solve • Post-buy Tracking and Evaluation • Ongoing relationship between seller and buyer

  17. The Role of Other Players • Media Research • Throughout the process, supports all aspects • Media Management • Decisions on content and pricing to attract audiences and advertisers • Media Traffic • Distribution of message materials from agency to contracted media • Agency Billing • Keeps money moving between client companies, agencies, and media

  18. Summary • Media planners and the Buying Brief • Media Buyers and the Buying Process • Media Sales and the Art of Problem Solving • Other important media functions and the jobs they do