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MONDAY MORNING QUARTERBACK DIGEST #30

October 15, 2018

Monday Morning Quarterback Marketing Digest. Here are some marketing and research thoughts for the week. Email me (Mark@dennettgroup.com) if you need more info on any subject.

COOPERATIVE PROGRAMS AVAILABLE – This week we will be releasing our 2019 cooperative advertising programs. These programs use online mobile ads, native ads, video ads, and a unique print/social media effort. Cooperative ads are a great way to expand your share of a market for less money. If you would like a copy, let me know.

ONLINE VIDEO ADS, WHAT WORK BEST? – We have been running cooperative online video campaigns for years. So, what online ads work best? A recent blog post by Hubspot reviewed an eMarketer Study that shared some insight into this question. The study asked internet users: Which ad format is most likely to lead you to purchase an item online? Nearly half (48.5%) indicated that they’re most likely to purchase after seeing a video ad, over all other ad formats: 19.7% banner ads, 9.1% text ads, and 22.7% something else.

While numbers look different for each business, 64% of consumers said they are more likely to buy a product online after watching a video. Why? Videos show users how a product or service is used. They also are great in showing how your product/service might fill a previously unmet need. They can also capture multiple moments in a visual way that’s more engaging and allows someone to imagine themselves in a similar situation. If you need help in using your TV spots online, we can help.

MORE DESTINATIONS SIGN UP FOR WEBSITE STUDY – Just another reminder, our 6th Annual Destination Website Research Study launches very soon. Compared to our last study, we have doubled the number of DMO’s participating this time. Why? Probably because people are spending more money on websites and they want to know why people come to a DMO website, what info those visitors value most, and whether online visitors will become real visitors. Contact me ASAP if you want to join the study.

DO YOU BUY MEDIA BASED ON YOUR HABITS? – Last week I was helping a client develop a 2019 marketing plan and I recommended TV spots on local news. “Gee, I never watch the local news,” was my client’s first reaction. One of the mistakes people make in media planning is thinking their media habits are their customers’ habits. That’s why surveying your 2018 customers MUST BE THE FIRST STEP IN PLANNING 2019. Whether you are designing your own survey or working with us, we can help you develop a survey that gets the most from your data. Early November or December are the ideal times to conduct these studies. So, back to the question, is local TV news a good media buy?

Although people are relying less on television for their news, a recent study reveals that 47% of adults ages 50 and older and 18% of young people still rely on local TV news. While local TV news has declined in viewers, it still garners the largest news audience of the three television sectors: local, network and cable.

WHERE CAN YOU FIND RESEARCH? – If you follow this blog, you know that I am a big believer in the PEW Research Center. I quote their studies often because the Center is strictly neutral and their experts provide analysis of trends using rigorous empirical research. One of their best services is their Fact Tank and their search feature. Contact me and I will send you links to these services.

Until next week, enjoy a beautiful Fall week.

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