We’ve been hearing it for years: online marketing continues to gain market share over traditional advertising media. For some people, this means shifting marketing activities from more traditional outlets (print, radio, TV) to online advertising. The operative word here is “shifting”. Someone who completely leaves traditional marketing for digital is putting all of their eggs into one basket so to speak, and while it has the potential to improve revenue, it also means they may not be getting the best return on investment. I’m a firm believer in efficiency - getting the most bang for the buck. How can you get car shoppers onto your website or using your other digital sales tools when some of those people aren’t “online regulars?” By using “old school” marketing to compliment your digital marketing.
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Wednesday, October 28, 2015
Traditional Marketing to Compliment Internet Marketing
We’ve been hearing it for years: online marketing continues to gain market share over traditional advertising media. For some people, this means shifting marketing activities from more traditional outlets (print, radio, TV) to online advertising. The operative word here is “shifting”. Someone who completely leaves traditional marketing for digital is putting all of their eggs into one basket so to speak, and while it has the potential to improve revenue, it also means they may not be getting the best return on investment. I’m a firm believer in efficiency - getting the most bang for the buck. How can you get car shoppers onto your website or using your other digital sales tools when some of those people aren’t “online regulars?” By using “old school” marketing to compliment your digital marketing.
Thursday, December 27, 2012
Another Google Update to Remind Us About the Importance of Marketing Diversification
Someone searching for a car online may run across your vehicle that matches their search. Someone looking for a nearby dealership may end up finding your website. They only find these things because of Google or whatever search engine they're using. Imagine if Google decided to start selling cars and remove all car dealer websites from their search results so they could effectively "hide" their competition. Sure, that's an extreme example, but it's the sort of thing (the bigger picture at least) that you should be thinking about. Because the web offers so many advantages over traditional media, and because it's the most cost-effective marketing platform, it's become huge. Sure it may make sense to put the majority of your marketing dollars there, but don't put all your eggs in one basket, because although unlikely, the next Panda update could wipe your dealership off the most widely used digital map. A little marketing diversification can go a long way, especially when it's geared toward a combination of both traditional advertising media and various online platforms, not just a narrow focus on SEO for one search engine.
Monday, May 03, 2010
Where Do You Want Your Customers to Go When they See Your Ads?
Suppose you're an independent dealer and sell nothing but Ford Mustangs. You have a website dedicated to your inventory of Mustangs. You decide to spend millions in an ad campaign on TV, radio, newspaper, and even a pay-per-click campaign in the search engines. Imagine if each of your advertisements told the viewer/reader/listener to search for Ford Mustangs on Autotrader.com to see your stuff. Doesn't make a lot of sense, does it? You wouldn't send them there where they can easily see your competitors inventory or click on advertisements for a Camaro, Charger, etc., would you? So why does the pharmaceutical industry consistently do this?
The only thing I can think of as a possible reason is that for the drugs that are targeted toward the elderly demographic, perhaps they're more likely to get a magazine than visit a website. Even if this is the case though, I see virtually all drug commercials pointing consumers to their magazine ads, even for those that are used in younger adults who likely have internet access. Even if they wanted to target non-internet using adults with their product, wouldn't it be better to provide a phone number so the company can get the "ups" while they're still hot?
And I thought some car dealers made poor advertising decisions...
Thursday, October 18, 2007
Traditional Media Generates More Buyers than Online?
"Art Spinella, of CNW Research, found that used-car dealers are spending more money on the Internet than ever before. However, overall, most of the marketing funds are still going into traditional media, such as newspapers, spot TV and local radio". This makes sense to me based on cost alone. Traditional media has been losing market share for years while online media has been gaining. The newspapers, TV, radio, etc. have had to combat this loss using significant rate hikes just to maintain flat revenue gains.
What surprises me is the finding that "more than 44 percent of people who entered a dealership and purchased a car or truck indicated traditional advertising methods were what drove them to a store".
I'd like to learn a little more about this research, because frankly, I can't believe some of the claims.