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Winking in the dark
In
1956 it was noted. in a New York Herald Tribune column, that "doing
business without advertising is like winking at a girl in the dark.
You know what you are doing, but nobody else does." Some advertisers
are trying to figure out what to do next these days and what kind
of daylight to cast the brand in for the future, so consumers can
see them wink. In the meantime, there are a series of spotlights
around the world that illuminate the brand. These spotlights are
called point-of-purchase advertising and for now, on a worldwide
basis, they represent the major effort by these brands to create
a unified identity.
Not everything is cereal
While
ad agencies don't consider point-of-purchase (POP) advertising very
sexy, manufacturers, distributors, licensees and licensors do. It
is one of the most effective tools a marketer has in his box of
tricks. In the 1980s, one study revealed that 74% of all buying
decisions were made in the store. Even half that number would be
impressive. Twenty years ago, 27% of cereal was purchased with in-store
coupons. By the mid 90s, that number jumped to 45%. True, not everything
is cereal, but the betting is that a lot of brand decisions are
being made right in the store, where POP advertising is evident
and effective.
Ripe fruit
Modern
marketing strategies are based on recency. This holds that consumers
who are ready to buy in your product category, are much more likely
to be susceptible to your advertising, than consumers who are relatively
complacent at the moment. Can you think of a consumer who is more
ready to buy than one who has deliberately gone to the store to
pick up a few pairs of sox? They are so ripe for a good message
and so they are called low hanging fruit, ready to drop. Point-of
purchase ads are the hook that can snag the customer into the brand
basket.
Good money on a bad bet
Here's
another interesting bit of information, which translates to most
marketing efforts. Research shows us that some TV commercials have
overnight recall scores that far exceed others. These are usually
well-produced, very professional, high quality spots that embody
the brand and project its identity to a ripe and even a complacent
public. These high recall, high quality spots, which attain big
numbers on the first airing, continue to accumulate an audience
that remembers the message, thus making it the basis for a very
effective campaign that is eventually remembered by most everyone.
A low recall commercial will never be the basis of a campaign that
will ever exceed 50% of the public in recall. Production quality
counts, whether it is in a television commercial or POP advertising.
If
people don't remember your advertising, you are wasting money, vast
sums of money, because this investment is not advancing brand equity
and identity. Put another way, a poorly produced ad, POP or otherwise,
will never really be effective in the marketplace, no matter how
many advertising dollars you put behind it. It's like playing poker
and continuing to throw good money behind a bad bet.
The best possible light
Now
let's go back into the store. Point-of-purchase advertising is left
to the manufacturer or licensor, who traditionally takes it very
seriously. It represents virtually the last chance to direct and
inform a consumer to your brand. If it is not produced to the highest
standards, we run the risk of losing our ripest customers, all day
long, every day. It must be timely, in keeping with the season as
well as the fashion and current sales. If we are going to wink at
the consumer, we need to have the spotlight on and the light should
be not just favorable, it should be flattering.
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©
Media Directors Ink : July 2002
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