That is a good question and I do believe that one of these is a better alternative than the other.
You have a choice between, let's say, advertising your Bicycle Company in a major sports publication where even an 1/6 of a page advertisement with picture is, say, $2,000 or more depending on magazine circulation numbers.
Utilizing Online CPM (Cost per impression) services from Google Ad words or Yahoo! Search Marketing
This particular magazine requires you commit to a 3 month run which means you are obligated to $6,000 before you ever know IF such a run will yield desired results even though you have top marketing data that says it will.
Magazine Ad Overview
-Upfront costs high
-Long term commitment required even IF results are poor
-Magazine buyer, no matter how well researched, will spend an average of 7.3 seconds glancing at your ad then move on
-Even if interested, they must take a few more steps for further action to be taken. Interest lost in the Interim.
-Services not directly linked to magazine ad for ease of using your product or service.
-No real time statistics available for tracking ad performance based on ad distribution.
-Even those not specifically looking for what you are selling will see your ad. This diminished any company's ROI.
Online Ad Serving
- LOW upfront costs
- Ads for products and services can be changed immediately depending on response.
-Highly targeted niche markets more easily penetrated based on keywords
-Real-Time ad statistics readily available for better decision making based on Ad Distribution (Service)
-Casual viewers weeded out as keywords serve ads to only those who are looking for what you are selling.
Of course much can be added to the above. I guess readers know which way I am leaning :) As someone who helped launch a Brand called Banneker Watches (bannekerwatches.com and banneker jewelry.com) 5 1/2 years ago, I only wish we had known then, and had the Online resources available that are available today!
My personal opinion having participated in a Brand Launch is spend as little as possible on Print Magazine spreads IF your target market is in the age range of 18-30. After all, ask one of them if they even have a magazine subscription.....You will be surprised by the results as was I!!!!!
06 October, 2009 Labels: major taylor, marshall major taylor, marshall taylor Posted by Dale 1:01 PM