The marketing dream: a perfect media mix
If there’s such a thing as a magic factor in marketing and communications as we enter a new decade, it’s realising that elusive fantasy: the perfect media mix
To make it happen, organisations must harness the plethora of channels available to them, formulating a strategy that combines paid, owned and earned media for maximum effect.
Just look at how those working at the very cutting edge achieved this on Super Bowl Sunday 2020. “The average cost of a 30-second Super Bowl ad this year was a whopping $5 million,” explains Jon Buss, UK managing director at Yext. This means brands from Audi to TurboTax shelled out nearly $200,000 per second to drive awareness during the big game, Mr Buss says.
“But it works: everyone talks about the ads before, during, and often long after the game. And these brands are betting on driving more than discussion.”
The business strategy behind these campaigns is multidimensional, working across paid, owned, earned, and social media channels. “More than 73 per cent of people watched the action with a mobile device in hand: the TV to digital transformation can happen in an instant.” The lesson is that the most brilliant brand strategies “are fully prepared for that moment of intent”, Mr Buss says.
The definition of what constitutes media today goes far beyond the six or so channels traditionally associated with media planning, according to Simon Harwood, head of strategy for the7stars, the UK’s largest independent media agency. “Anything that acts as a conduit between a brand and a consumer can be thought of as media, including all of the brand’s owned touch points as well as the people their customers come into contact with.”
Anything that acts as a conduit between a brand and a consumer can be thought of as media
Mr Harwood points to Burger King’s “McWhopper” campaign as a strategy that nestled perfectly at the cross-section between all of the marketing functions. “It set out to celebrate the notion of peace by extending an olive branch to its biggest rival (with its tongue in its cheek) via an open letter to McDonald’s, published via a full-page ad in newspapers … But it went much further, creating a host of digital assets to allow punters to make their own McWhopper, designing a new restaurant and uniform, placing media around McDonald’s restaurants and fuelled social media commentary.”
What sort of campaign was this - paid, owned, or earned? The answer is all three - a template for the perfect media mix. “Was it pure PR or pure paid media?” Mr Harwood asks. “No. Was it a great total communications plan? Absolutely.”
There are clearly differences between companies depending on industry, size, and the budgets involved. What’s possible is defined by what is affordable. But the theme of presenting a unified message across diverse media still stands.
“Brands need to have an open mind when it comes to their media strategy and channel mix,” says Dan Brown, digital performance director at global media agency MediaSense, who has worked with brands like Comparethemarket.com, Adidas and JustEat. “There is no one size fits all formula; as the media landscape has fragmented, so has the diversity of approaches.”
Although the overall trend might be towards data-driven, audience-led channels like Programmatic, Facebook and YouTube, it’s important to remember that “offline media” channels still have much to contribute.
“Whilst traditional TV may struggle to reach younger audiences, it still offers brands highly effective reach and delivers tangible results – TV is one of the few channels that can be directly linked to ROI and business goals,” Mr Brown adds. “The key is finding an approach based on your brand positioning, target audience, investment levels and measurement objectives.”
Ultimately, the key to the perfect media mix is making an imaginative leap: becoming comfortable and excited at the prospect of mixing up your media, perfectly.