Tuesday, November 12, 2013

Cross-Media Marketing



Cross Media Marketing is a form of cross-promotion in which promotional companies commit to surpassing the traditional advertisements and decide to include extra appeals to their offered products. The material can be communicated by any mass media such as e-mails, letters, web pages, or other recruiting sources. This method can be extremely successful for publishers because the marketing increases the ad’s profit from a single advertiser. Furthermore, this tactic generates a good liaison between the advertiser and the publisher, which also boosts the profits.
One of the first steps to integrate cross media tactics effectively into a specific project is to evaluate and examine a customer’s preferences.

  • Scheduling – When should I contact the customer?
  • Rate – What is the correct time frame to leave between the delivery of my first, second and third message to the customer?
  • Pacing - How frequently should I check up on the customer?
  • Incidence – If a customer is not responding, how long should I continue to pursue the offer?

History

The first notable occurrence of cross media marketing occurred in 1977 with the release of the film Saturday Night Fever and its respective soundtrack. The single "How Deep Is Your Love" by The Bee Gees was originally meant to be recorded by Yvonne Elliman for an unrelated album, but it was decided by RSO Records to have The Bee Gees record it and released in an effort to promote the film. The release of the film promoted not only the released single but the entire soundtrack.

More recent examples include companies promoting music artist's concerts, followed by having one of the artist's songs used in a commercial for the company.

Commandments of Cross Media Marketing

Cross media marketing programs are difficult to advertise; therefore, Damien Marchi, who was involved in the second season of Big Brother in France, created eight commandments to cross-media marketing success.

  1. Give users access to exclusive content not seen on television. During a TV or movie production usually more material is shot than can be shown. Users like this unused content exclusively, for example on the Internet, through a club.

  1. Interact with the show- Give the power to the audience. Involve the audience by having them vote, ask questions and by polling them.

  1. Make the show even more known. Use besides television the other media to keep the users in touch with the show.

  1. Increases users’ loyalty. Loyalty of fans can be stimulated by a fan club and viral games.

  1. Recreate the atmosphere. Levy the atmosphere of the TV show to another medium.

  1. Continue the show on the web. Use the TV show to drive the other devices.

  1. Enhance the watching experience. Stimulate simultaneous use of media (browse the Internet when watching TV for example).

  1. Use multiple devices. A multi-device system built around a TV show allows channel to increase the number of revenue streams.

Real Time Personalization and Variable Data Printing

Real Time personalization (RTP) is an innovative way to looking at cross media marketing. RTP has the ability to see who visits each webpage. In addition, if companies have the ability to see a website viewed by a potential customer, then the company can quickly personalize what the customer is looking and make appeals to a certain product. After a real time personalization search, a business plan is created to fit each potential customer. When a potential buyer is looking at a company's advertisement, a popup add usually appears. Every product that a customer accepts, five to seven linked advertisement pages popup. RTP captures these acceptance rates, locate advertising company, and supplies the information necessay for the next step in the business plan. Variable Data Printing (VDP) constantly modernizes and enhances the communication between the marketing company and their customers. In addition, if a campaign is personalized and directed to a specific audience, then more customers will typically buy the product. Therefore, VDP creates a cycle of increases profitability, raising brand awareness, and gaining prospective sales. All of these elements are needed to enhance the marketing of products.
Customized Offers

For mail, companies use the information collected from their customer analysis to provide the individuals with personalized letters or upcoming offers. On the internet, customization permits users to have access to exclusive messaging. In addition, the VDP assists the marketing process by talking to each specific group of customers and giving them personal attention rather than treating them all the same way. This consumer and company process is very common in large online retailers such as Amazon.com. The more personalized an offer is to the target audience, the more prone they are to react positively.
Some of the data that can be investigated to strengthen personalizing the offer includes:

  • Personal information including the customer’s age, gender, and living environment (small town or city).

  • Calculating the customer’s expiration date of a magazine subscription is very important because then the marketing company is able send the individual a notice about re-subscribing.

  • Keeping track of a customer’s involvement and acceptance rate in the company’s offers is very essential. If a customer is providing the company with constant business than sending them an offer for in store redemption is common courtesy.

Problems

One of the major problems with cross-media marketing is the creative development level. Getting one group to collectively use their creativity and communicate with the other areas of work is very difficult when one team is working on television, another is involved in designing the print creative, another is developing radio ads, and yet another is putting together the Internet program. Although the messaging elements are not very hard to compose, creating a campaign that is completely mutually dependent, with each branch of the project fulfilling their task, is quite impossible when the creative teams are split. Therefore, to achieve some sort of cohesion, teams must communicate and corporate with each branch.
Cross Media Marketing Corporation and Lawsuits

The Cross Media Marketing Corporation is a company that uses e-mail messages or telephone calls, which are personalized to each specific customer, to sell their product. In 2002, federal regulators filed a criticism that the corporation’s magazine division was breaching marketing regulations. The Federal Trade Commission stepped in and claimed the company withheld information, misrepresented subscription lengths and prices, and billed customers for magazines that they did not order. The Corporation was sentenced by the F.T.C. to pay a hefty fine for their violation. A year later, in 2003, The Cross Media Marketing Corporation was forced to lay off 300 people and agreed to a $1.1  settlement fee with the F.T.C for ignoring customer’s desires to cancel their subscriptions and for misrepresenting the costs of packaging. Currently, the company is liquidating its possessions.










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