Need for TV ad analysis for advertising & marketing in today’s data-driven world
Before we move on to understand the concept and working of TV ad analysis let us consider the scenario and need of having a data driven solution like TV Ad analysis.
The digital world has drastically leveled up. Plenty of different strategies are executed for effective marketing that helps reaching out to the end customers for an increased conversion rate. At the same time, owing to multiple touch points, the user behavior is more diversified than ever. A lot of digital businesses across domains like ecommerce, lead generations and digital publishing strives to break the silo format of the data that they receive pertaining to how their users are interacting with them.
So, if you as a marketer, ask a question – “What are the impacts of my marketing efforts?” You’ll get an insight into your paid campaigns, search traffic, your email marketing campaigns as well as your social campaigns. Data across digital touchpoints like the website, mobile apps, kiosks, etc has become quick-to-implement and easy-to – access. But what if your marketing strategy is not purely digital? What about the offline media like your TV ads? When such a medium falls into the mix, it gets complicated to identify campaigns’ performance in terms of ROI and outreach?
In today’s fast-evolving digital era, where you have the power to measure everything, this gap should be treated as an opportunity to understand the interplay and relationship between your online and offline marketing activities. In this blog post, I am going to talk about how you can measure the impact of your “Second Screen Impact Analysis” or to simply put up- analysing the impact of TV advertisements on your online traffic. You can plot this data against your other online campaigns to drive greater results.
Let’s dive into why’ we need TV ad analysis and how do we measure the impact of the online traffic driven due to these TV ads?
Advertising in India :
Based on a recent market research, more than 85% users are on their mobile phones while watching TV. One of the leading media agencies, GroupM, elaborates that though the digital advertising will increase at its highest rate ever in 2017, TV ads are here to dominate as a highly preferable medium for marketing.
When planning your annual or semi-annual marketing budget, especially for TV ads, wouldn’t it be just the ideal scenario, if you could take data-backed decisions on the level of investments you commit across the big buckets of TV channels? The TV Ad Analysis tool helps you determine your market spendings for a certain set of channels, how much ROI can you expect and also follow-up with the impact your TV ad campaigns have been able to create.
Objective of TV Ad Analysis
To assess the impact of ad spots on target demographics & provide recommendations for ad spots yielding maximum impact.
- Google Analytics 360 and BigQuery account set up with at least 3 months of data
- TV Ad Report with ad slot timing, channel, channel spend, channel gross reach, ad duration, channel geography
1. Measure Effectiveness of Your TV Ad Cost
TV Ad Analysis identifies the sweet-spots and weak performers down to the level of the channels, name of the program as well as the program category
2. TV Ad Cost Optimization
You can derive focused recommendations for increasing effectiveness of TV Ad Spends and ration the non-performing spots.
3. Estimate the Impact
With the help of this analysis, you shall be able to quantify the effectiveness of each TV ad-spot spend based on the impact on acquisition metrics.
a. This report provides us with insights on those channels that are more effective in terms of spends and acquiring the traffic.
b. It also helps to decide the channels where we need to increase or decrease the spends.
- %Visit Channel wise
a. The above report shows which are the most effective timings along with best preferred channel to show our ads.
- %Visit Region wise – Program Category wise
Since there is huge money involved in TV advertisement it is important to understand the impact of such offline marketing on our websites online traffic. This will augment in decision making for the marketing strategies like which channel, what time slot and what cost should we put in to get the valuable traffic and increase our ROI.
Tatvic has developed a similar solution. Click here to read more about the TV Ad analysis.