Last week I discussed how to sell out of home versus local TV. Today I’ll talk about selling out of home versus local cable TV. Remember:
- Use leading questions in the data gathering stage to determine dissatisfaction with any of their current media choices. “Is (name an OOH attribute) important to you?” “Does (name a competing media weakness) frustrate you?”.
- Do not take direct aim at a prospect’s current media choices. Get the prospect excited about your ideas.
Strengths of local cable TV advertising:
- Perceived status/glamour/ego gratification (advertisers love to see/be in their own cable TV ad!)
- Great creative platform
- Multi-demographic target by channels/programs
- Ad length flexibility (30s, 60s, etc.)
- Uniform ad platforms/lengths across markets
- Attention grabbing
- Combination of sight and sound
- Larger audience than most local radio stations
- Original programming makes it more cost competitive than local broadcast TV
- Cable viewers tend to have higher disposable household incomes
- Cable viewers tend to watch more TV
- Proven/accepted direct-response media
- Accepted media for co-op tag advertising
Weaknesses of local cable TV advertising:
- Ratings integrity (most cable ratings/shares quoted are based on the universe of cable subscribers…not the entire market)
- Very hard to achieve 100 weekly GRPs across a market
- “Cord-cutting” (dropping cable) is now so strong, consumers can buy a cable-cutting set-up service
- Advertiser’s share of voice on cable TV is diluted in two ways:
Advertisers only get a portion of the ad time in a given hour (30 seconds, 60 seconds, etc.)
Many alternative choices for cable channel delivery (Dish Network, streaming etc.)
- DVRs/ad hopping software and shift to digital platforms make it very easy to watch favorite shows with no/minimal ads
- Viewership is the worst when weather is the nicest in most markets
- Have to buy multiple programs to reach multiple demographics
- Hard to reach some important demographics: Millennials, Soccer-Moms, etc.
- Ads are overpriced based on cost per thousand comparisons
- Ad “packages” can contain lot of fringe time, low value placement
- High production costs (hard to get an ad produced that reflects an advertiser’s true quality)
- Requires long lead time to implement a campaign or change/update copy.
- Impossible to make the message “real time”
- Viewers take breaks/leave the room when an advertiser’s ad is aired
How can OOH capitalize on local cable TV weaknesses:
- OOH is a media that consumers are migrating “to” and not “from”
- OOH ads are not skippable, can’t change the channel
- OOH delivers 52 weeks a year even during the nicest weather months when TV is at its weakest
- OOH delivers 24/7 share of ad voice on each printed unit.
- Real time messaging (with DOOH)
- Can singularly achieve 100 weekly GRPs
- Reach every demographic and for the same dollar
- Low cost per thousand ad impressions
- Gratifies advertiser’s ego better than any other media
- Highly creative ads create buzz, street talk, and social media posts amplifying the reach at no extra cost
- A powerful co-op ad medium, especially with DOOH
- Can achieve direct-response results equal or better than any other media
Next week: the pros and cons of local radio advertising.
If I can leverage my experience to help you or your company sell more faster contact me at kevinjgephart@gmail.com or use the form below.
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