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Will Politicians Out Spend Santa Claus?
There seems to be about 3 Billion Reasons to Leave Coal in the Stocking of Several Political Media Buyers for Wasteful Media Spending
Kantar Media’s interpretation is that core advertising is pacing better than expected for television and radio. They believe that this is a result of special interests in the retail, telco and financial sectors driving media spending. With the foreknowledge that Kantar is a division of WPP, and sister to marketing agency Ogilvy & Mather, who handles the media campaigns for several elected officials, including candidates in New York, there is a much different theory that could be suggested regarding political media spending.
For those that do not know, media is purchased on a political rate which is higher than most other media rates, averaging about 20%+ in my experience, but could go potentially higher. Plus, all political campaigns have to pay the media networks upfront. This is compounded by several media networks dedicate only a certain percentage of airplay to political media plays, though there have been times that a politician’s message can be bumped by a higher paying candidate depending upon the network. Currently many of the political campaigns have hit a tipping point in their persistence to spend heavily on only one or two media channels, with the biggest offenders being TV and Radio. The term “tipping point” is used here meaning the point of inflection that the ability to gain any additional voter support from this particular media channel is diminished exponentially, given you have already overly saturated the media channel to capacity.
My advice to politicians…
1. Use social analytics to create more effective messaging, but only to registered voters!
2. Track your political media, by using traditional media analytics to see what media is creating voter action.
3. Use multichannel marketing strategies to spread dollars where it is cheaper and more effective, across all media types that are relevant to your voters.
4. Get rid of, or spend less on political media that is not working.
5. Use convergence media tactics to get the most out of every dollar spent (IE if a potential voter calls in to make a donation, their phone number can be exported to an SMS alert list, they can be socialized into Facebook and Twitter, etc)
6. And if all else fails and your back is against the wall, with six weeks left in the campaign there is always Pay Per Voter Marketing!
About the author John Cataldi
An avid technophile, serial entrepreneur, and media spokesperson, John Cataldi is the CEO of Adreka, an open media exchange to allow agencies and advertisers to target, create, syndicate, and track their traditional and interactive advertising. Visit www.JohnCataldi.com for more information.
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About Adreka, Inc.
Adreka provides the leading media monitoring and engagement platform for marketing, communications and customer support professionals. The company's new digital listing technologies allows the monitoring of all forms of social media, mobile, and traditional media, with a heavy emphasis on analytics, predictability, and media effectiveness. Visit www.Adreka.com, call 678-804-7144, or email firstname.lastname@example.org for more information.