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Adding LOCAL to Your Media Arsenal. Edward McLoughlin, Senior Partner Shawn Riegsecker, Founder & CEO Mark Naples, Managing Partner. Agenda. Local :: When and Why? Evolution: Offline/Online Balance Study Highlights // Trends Challenges and Workflow. Local :: When and Why?.
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Adding LOCAL toYour Media Arsenal Edward McLoughlin, Senior Partner Shawn Riegsecker, Founder & CEO Mark Naples, Managing Partner
Agenda • Local :: When and Why? • Evolution: Offline/Online Balance • Study Highlights // Trends • Challenges and Workflow
All Media is Local… • The way it was… • CDIs/BDIs/4Ps… • The WWW is…err…global… • Better data, better insight, better data driven planning
What is Local to Our Clients? Localized Content CONTENT LOCALIZED NAVIGATION COMMUNITY/SN User Engagement NAT GEO TARGETING
Benefits • Our ads work better in some markets than others… • Creative really does matter… • Contextual relevance really does matter • Localized advertising drives localized actions • Smaller or No Premiums vs. other local channels
Offline / Online Balance 92%of consumers research products ONLINE* 95%of retail sales happenIN THE STORE** • *BIGresearch, Simultaneous Media Usage Survey, 12/06 **Forrester Research US eCommerce: Five-Year Forecast, 10/06
The Internet Influence on In-store Sales Increasing to a total of over $1 trillion of local in-store sales • *Jupiter Research, 2007 US Online Retail Forecast
The offline/online balance is out of whack 66% of media time* 34% of media time* 92% research online** 93% of advertising spend Influences 47% of total retail sales*** 7% of advertising spend *Forrester, North American Benchmark Study ** BIGresearch, Simultaneous Media Usage Survey, 12/06 ***2011 projection, Jupiter Research
Local Selection Process Selection Process
Local Selection Process Selection Process
Local Selection Process Selection Process
Local Evolution (Beyond National) • Migration to local content: • As sites featuring local content become more robust traffic will continue to shift away from national online news providers to local • National sites need to adopt local content • Top traffic drivers are integrating more local content into their site/network.
Local Impact on Campaign Goals Local Augmentation Impact • Brand Support • Measurement of local impact on National efforts • Utilize market planning strategy to obtain optimal online frequency National Media Optimal Frequency Local planning augments national branding efforts while also driving in store sales
Evaluating Local Programs • Scalable • Market by market flexibility • Monitor SOV and market GRPs • Local creative opportunities • Objective • Local branding • In store sales • Online sales • Learnings • Opportunity for tracking • Offline & online • Measure impact on overall campaign goals • Content/Targeting • Relevant content • Localized targeting
Where does Local fit vs. National-Geo? Source: ComScore MediaMetrix – February 2008
Local Audience Trends “Web users now spend half their time visiting content, far outpacing time spent with search, communications and commerce.” – Online Publishers Association Study (2007) Source: Online Publishers Association, 2007
True Content Technologies/Apps/Mail Why the Local Audience Matters Nationally (Quality Reach & Environment) “Content” versus “Technologies/Applications/Mail” Feb ’06 comScore MediaMetrix 2008 comScore Network, February 2008
Vertical Targeting MediaMetrix 2008 comScore Network, February 2008
Challenges and Workflow Solution Planning Stage Challenge Population + results + web usage + GRPs Budget Budget allocation per market Dynamic online units Creative Customizing creative per market 3rd party tools catering more to local Tracking Implementing tracking tags per market Unique store offers Measurement Measuring impact of offline sales Utilize network IP targeting Opportunities Local targeting opps in mid tail properties
Challenges in local online display… • Current conversion attribution favors national advertising due to higher frequency • National spillover to local bleed research • Customizing creative when offers • 68 DMAs X 4 sites per market X 12 months of advertising = 3,264 invoices
Opportunities moving forward… • “Google-ize” Local display advertising • Better market by market audience research needed • $16Billion in spot television advertising