Have You Started Your Media Planning for 2011? Timing Can Be Critical.
Tuesday, August 10th, 2010800-599-RADIO | Text DR Radio to 511-511 | 714-787-0101 International
By Jan Carroza, RadioActive Media Team Member
The timing of media placement can be critical because it can be directly proportional to savings achieved in the final negotiations. Trying to buy too close to flight dates when inventory is tight will almost always make the media cost more than if it were bought months or as far out as a year before.
I threw the question out to members of LinkedIn’s Media Planning and Buying Group and got a variety of great answers. Basically, everyone sets their planning to their particular industry, media rate availability and company factors which are inevitable, and of course, make sense.
Share the timing of your media planning at our poll and see when others are doing it.
Media planning starts in August at MindTaffy Design to be able to plan for CES in 2011, says Wallace Jackson. The process starts at the beginning of Q4 for Mark Plumb, Sr. A.E. at Weise Communications, and continues as budgets and sales targets arrive. The idea of budget “liquidity” continues as explored by Mel Collins of Persuade, Inc., reminding us all of the need for flexibility to respond to continually changing needs and opportunities. Mel’s description of the budget as road map is perfectly apt.
I know from my own experience on the buying side that the capability to lock in rates a year in advance created significant savings for clients. Even putting two quarters worth of budget together beat the average rate of the two bought individually. By offering more commitment, I could get more clout.
Providing “slush” money for opportunities, preemption, emergencies, and contingencies is especially important for the long-range planner. Many media like radio offer terrific opportunities at remnant prices for those with the flexibility both in timing and budget.
However, all that flexibility keys off advertiser forces not in the planner’s control. The savings potential is worthy of serious internal discussion as part of overall planning strategy. Understandably, many planners must wait for all necessary components. Sometimes a discussion with management about what savings could mean with the greatest possible advance notice might make a difference.
At RadioActive Media, we are keenly aware of the goals and needs of media planners and join you in sharing the success of the process. If you are an advertiser interested in what direct response radio can do for you, give Jeff Pollak a call at 800-559-RADIO (7234) to talk about what media planning might mean for you in 2011.


