Sunday, 12 January 2014

Task 7– Sources of Information in Advertising


Information are gathered from the audience in different ways. The reason for gathering information is to know how much the advertisement will cost. Agencies gather information on rate cards and advertising information packs, this then lets the company know how much they will have to pay. This is useful information to a company as they will be able to know beforehand whether they can afford to put in an advert at a certain time/place.

Rate Cards

Rate cards are documents that contain information on the price of an advertisement placement. It is the maximum price that is given to a company that enquires, although they will usually pay considerably less; this is due to factors such as space that is being unused, how much space the advertisement will take up, along with many more. Below is an example of a rate card from the ITV1 website. Most rate cards are displayed in the same manner as the one shown below. This rate card shows the region in which people live and the certain categories of television programmes they watch.
 As you can see from this table, it would cost the most amount of money to put on an advert at 19:30 in London; this is because it is put on at the time people will be sitting down, eating their dinner, and watching Coronation Street. This programme has a vast amount of viewers, which means more people will be likely to see the advertisement. An advantage to these rate cards is that they are very useful for companies and lets them know how much an advert is going to cost depending on when and where they want to place it.
 There is then the opposite of this; it allows a company to know when they should not air an advert and when less people will be likely to view it. A negative side to rate cards is that some people may leave the television on a certain channel and not be actually watching it; this is misleading for companies meaning that not as many people will see their advertisement, although they will still have to pay a lot for it.
 


 Advertiser Information Packs

Advertiser information packs provide various information to help companies plan an advertisement. On Channel 4’s website, they provide air time, partnerships, and online advertising. This is all of the information that a company would need to plan an advertisement. In the following paragraphs, I will describe each of these and what benefits they offer a company.
Air Time is the duration of time, usually in seconds, that an advertisement is broadcasted. These are also known as spot adverts which mean the breaks between programmes. Advertisements are usually around 30 seconds long although they can range from between 5 seconds to 120 seconds. The more air time a company needs, the more it will cost them; this is because the advertisement is taking up a lot of space in which other adverts could be filling. This means that a channel may get less money as the cost of one long advert may be cheaper than 2 adverts within the same time. A benefit to using spot advertising when airing an advertisement is that it created awareness over a short amount of time or slowly over a long period; this all depends on the company’s strategy on how they want it to be done.
            Partnerships are when a company joins forces with another company, each advertising the other’s brand. This can be done through sponsors, product placement, and much more. Partnerships are beneficial for companies wanting to get their product out there. First of all, sponsorships can give a company instant fame as people will recognise a programme and associate it with a certain brand. Also, people that watch the same programmes all the time will see an advertisement many times and it will be stored in their long term memory. A downside to sponsorships, though, is that a company may not be able to afford a sponsor. Product placement is a way in which company brands are placed in media such as movies, music videos, news programmes etc. This is a way for companies to advertise their brand in a subliminal way in other media.


            Online advertising is a way a company can spread their product to a large audience through the internet. They can use a wide range of different priced formats which help show their brand to the right target. This is a good way to promote a brand as a vast amount of people use the internet and flick between pages, so they will be likely to see an advertisement at least once when then are on the computer. All of the above factors come as a pack and benefit a company as it gives them maximum exposure for what they pay and displays their brand to an appropriate market.

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