Tuesday, November 12, 2013

AMiable Solution #80: The Math of Ads



With the holiday seasons approaching, now seems like the perfect time to examine something we all experience in our personal and professional lives: traditions.

When it comes to marketing traditions, historically there have been four: print ads, broadcast ads, direct mail, and telephone solicitations.  But are marketing traditions still effective, or are they ornamental, like last year’s fruit cake?  Let’s look at print ads. 

What they are: Ads placed in newspapers, magazines, telephone books, and other distributed, printed publications in exchange for a fee. 

How they got started: According to Ad Age, the first newspaper advertisement appeared in the Boston News-Letter in 1704.  The first American magazine ads appeared 38 years later, in 1742, when Benjamin Franklin printed them in his publication, General Magazine.  It would be more than 100 years later before advertising makers established industry footholds (the first ad agency didn’t open until 1843).

Why they still work:  Although more and more people use the Internet to get their news, view their publications of choice, and look up phone numbers, print advertising still has a place in today’s marketing plans. Print advertising is still a big business, generating nearly $30 billion in ad revenue every year.

For starters, print ads provide physical, retainable exposure to a targeted audience.  The demographics for most publications are clearly defined. 

In addition, marketers can not only target their audience with print ads, but they can also target the placement of their ads within the publication, maximizing their ad’s exposure.

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