Self service media buying

Facebook Fit logoWe went up to Chicago yesterday to the “Facebook Fit” bootcamp. Every event at 5 locations through the nation has sold out- with about 900 people getting a peak at what will probably turn into a much more efficient system of teaching the masses how to serve as their own media planner/buyer.

If you can make it to the one in Austin- which still has tickets available (it’s their home base for this roadshow) go.

Facebook is far from being the first to self-serve sell media- Google and Yahoo have had automated systems in place for years. What Facebook has done is made really complex targeting based on huge amounts of psychographic, demographic, geographic, economic data tied in with buyer behavior information- accessible to all. Forget Nielsen, Arbitron, Media Audit etc- their data is in real time, and the tracking is precise.

John Wanamaker famously said “I know that half my advertising money is wasted, I just don’t know which half” with Facebook analytics, it’s really easy to tell what works and what doesn’t. And when it comes to reach- while other online advertising has a 38% effective reach- Facebook is claiming studies show they have an 89% reach.

When you also realize that all you need is a smartphone with a camera to make “a Facebook ad” with a visual and a few words of copy- ad agencies grip on “media buying” is almost as obsolete as Wanamaker’s dictum. If everyone was on Facebook- many marketers problems would be totally solved, but sadly- internet penetration isn’t what it should be in the US- and smart phones aren’t in everyone’s pocket.

Which brings us around to old school conventional media and media sales. There are a ton of options for every business to buy media- with or without the help of an ad agency. Of course, there are also people who think because they can rent the Adobe Creative Suite- they can instantly make great ads. Newspapers in our area did away with the agency discount decades ago- and the 15% commission model never really worked that well- encouraging buying quantity over quality to pad agency revenue. The real question is if media sales forces are still relevant?

We’ve seen massive consolidation in both TV and radio- with the idea that having a sales force sell multiple stations makes better business sense. Often agencies find they are competing with media reps trying to go to clients directly- with deals to make quotas and fill airspace. The Next Wave is wondering why media outlets haven’t gone to self-service online buying systems- with a totally automated sales and insertion system. Long gone are the days when reps picked up tapes from agencies- and why are they still serving as go-betweens to enter in schedules into a computer to see “if it will take the offered price” – when online dutch auctions have been selling space online for years.

Media properties should be focusing all their efforts on building relationships in their local communities and providing invaluable information in real time- be it news, concert info, local events etc. The return of the DJ, VJ, real news person is here- as always connecting with social media and web. If done right- local media can have a a renaissance. If done, business as usual- there is no hope for local media when going against a verifiable advertising media provider like Facebook.

Dayton Business Journal charges $50 a month- for what the Dayton Daily News does free

P.T. Barnum famously said “there’s a sucker born every day” and that’s what the Dayton Business Journal must think when they sent out this e-mail solicitation:

Showcase your business on the Dayton Business Journal Business Directory for only $50 a month. We can immediately profile you in front of a local audience looking for your services.
Click here to start. Enter promo code DAY for discounted rate.
Try it for 3 months and cancel anytime afterwards if you wish.
If you have any questions at all please contact us at 800.617.9715 ext. 3.
Michael Powers
Sales Manager
DirectoryM
www.directorym.com

When you follow their link they tell you the following:

DirectoryM – Local Online Advertising
Subscription Listing – Single Region

Drive qualified traffic, buyer ready leads, and powerful brand affiliations through our partner network

  • Drive qualified traffic, buyer ready leads, and powerful brand affiliations through our partner network
  • You choose the category and the region and your listing will be featured on all of our partner sites
  • You will have a full color logo, 750 word profile, and 5 links to drive traffic
  • Three month minimum, cancel anytime thereafter

The Dayton Daily News is offering a free directory at Dayton B2B. There is no reason to pay for listings when you can generate your own traffic easily by understanding how customers search for your business.

Building a directory of all your peers and competition can have as much, or greater impact than any search engine optimization strategy. We’ve done that on our “Agencies that aren’t The Next Wave” page. You can also build a site that does well in search, with lots of pertinent, relevant and helpful content (much like the content on this site). So, before you decide to spend $50 a month on some directory listing (including phone books online or the Yellow Pages) consider spending $139 on our websitetology seminar which will show you how to make your site search centric for your customers.

Google Maps, iPhones and your business

By now, every one has seen the Apple iPhone ad “Calamari” showcasing the Google maps function on the iPhone.

And, when typing in Pizza it does a great job around my home. It also works for locating the nearest Apple Store quite well. But, when typing in “Advertising Agency” nothing even close to an ad agency got a pin in Dayton. So, of course, I had to fix that. Google informs me it will take up to 4 weeks before my listing is updated (unbelievably slow in the Internet age)- but, it was incredibly easy, and the verification by phone system worked well.

If you haven’t put your business on the Google Maps page, I highly recommend doing it as soon as possible- and, if you are a Pizza place, you can even put a coupon on it for free!  So, proceed to the following link and look for the “Add or Edit your business” part- make sure you are at your business phone and have a live internet connection at the same time.
Google Maps

For right now, it’s cool to show up on iPhone users phones- but, soon, this will be more important than the Yellow Pages ever were. And, before you select an ad agency, that claims to be digitally literate,  check out if they have a complete listing on Google Maps.

New ad media in Dayton Ohio

In our effort to keep up-to-date with all the options for marketers trying to reach consumers in Dayton Ohio, we keep a media options for Dayton Ohio page as up to date as possible. Today, we found yet another out-of-home option- table cards in restaurants.

Run out of Portland Oregon, The Trivia Page is a low budget laminated single sheet that sits on tables in local restaurants.

Trivia Page Photos
The Trivia Page is an entertaining laminated booklet displayed at several restaurants throughout your city. It’s displayed in a variety of high traffic eating establishments, from Delis and Coffee Shops to Steakhouses and Sushi Restaurants. The reason it’s so popular with restaurant customers is that it’s filled with trivia questions, fun facts and other interesting reading material that keep the patrons occupied while they are waiting for their food.

The local option seems concentrated in the Kettering area, with 9 restaurants participating: Longhorn Steakhouse on Dorothy Lane,

Mcgillicutty’s
1980 East Whipp Road
Dayton, Ohio, 45440
Phone: 9374360057

Dublin Pub
300 Wayne Avenue
Dayton, Ohio, 45410
Phone: 9372247822

Dawg Haus
Wilmington Pike

Italian Oven
Kettering, Wilmington Pike

Cold Beer and Cheeseburgers
Jefferson Street Downtown and Patterson and  Wilmington Pike

The BullPen
Patterson Road

Carmel’s
Shroyer in Kettering

The price si $686 for the year, with your “Feature article appearing on at least 4 front pages.”

It’s printed quarterly, and you can reach The Trivia Pages at 800-299-4193. They are planning to roll out other areas.