You allocate increasing amounts of budget, time and resources with social media to connect one on one. What about the other 90% of your budgets? What learnings can be cross-pollinated to increase your impact?
The focus in social is on the 5th P (people); communities, niche groups, and influencers. Traditional media consists of the 4Ps; product, price, promotion, and place. Consider integrating the 5th P into traditional; not just a ‘Follow us on Twitter’ or ‘LIKE us on Facebook,’ but deeper learnings that can create significant impact.
Here are 6 social insights you can and should start applying to traditional.
Chances are your social campaigns are highly geo and contextually targeted. What about your traditional? Does it mirror your segmented user targets? Or is it a commoditized plan reaching broad demographic groups, using essentially the same creative?
Highly targeted ads create much higher consumer connection. You can see this clearly with social. A hyper targeted campaign on Facebook will generate upwards of 0.1% CTR’s with 60+% Fan Click Through Rate (FCTR). A broadly targeted demographic campaign may only generate a 0.2-0.3% CTR and 25-30% FCTR. Thinking the same way about traditional can dramatically increase your impact and ROI.
How are you customizing your outdoor and place based messaging? Do you use wild postings in urban areas and day-parted messaging with digital out-of-home? We do. In fact, we even use different messaging for men’s and women’s locker rooms. Do you have broad demographic targets for your radio and TV, or separate campaigns and music beds for your different segmented groups? The more traditional is customized, the greater your ROI will be.