The festive season has become something of a haven for advertisers with big money adverts taking up the main prime time slots. The prime advertising real estate this year has to be during major shows such as The X Factor and it’s ability to bring in consistently big audiences means that ITV can charge huge sums for advertising space.
Adverts that are already standing out this year are those for M&S and Argos and it is clear that both have paid big money to get their message across. M&S have invested heavily in getting star names to appear in their seasonal campaign and when the full length commercial was aired during the X Factor a few weeks ago it would have cost a serious amount.
The other advert to stand out this season has seen Bing Crosby beatboxing his familiar Christmas song and it has become an instant hit. If companies get it right at Christmas it can lead to an incredibly successful campaign, but with so many marketers vying for visibility over the Christmas period, some are inevitably going to stand out more than others. And as is usually the case with these things, it will be those who can spend the most who will thrive.
So where does that leave everybody else? Should they just not bother and let the big boys prosper?
Of course, not everyone can afford to produce a big budget advertising campaign. Cost effective marketing is becoming more important than ever in the new age of austerity and luckily it seems that we are in the right era to do this effectively.
The internet has become more important than ever when it comes to marketing on a budget, and coming up with a popular idea can soon make you a viral hit, giving you an audience the size of The X Factor without having to pay for prime advertising space. There is an additional bonus to this approach, as viral hits will often have people actively seeking your commercial online, turning a previously passive audience into one that is going out of their way to find your promotion. There are also the additional benefits of being able to sell to your audience within the click of a button, something that is not yet available through the traditional means.
Another form of cost effective marketing is the use of promotional products. These are becoming increasingly popular when used alongside more traditional forms of advertising to promote a campaign. Take successful adverts such as the Churchill Dog. That one character spawned a myriad of promotional products and it became a marketable product in its own right. This has since been replicated by the love-him-or-loathe-him Meer cat used to promote a popular insurance website. Promotional products can be used as a way of reinforcing your message and getting your promotion out to a wider audience, playing off the enthusiasm for your campaign.
Coming up with such a popular campaign is like striking oil, and increasingly companies are turning to the online world to come up with the next viral hit. Promotional products don’t just have to be used to reinforce another campaign though and they are effective way of promoting a brand in their own right. A study published by the Advertising Specialty Institute (ASI) has shown the power and influence that promotional products can have on their recipients and it makes them the essential cost effective marketing tool. According to the survey, 84% of people remember the advertiser on a product they receive, and 81% of promotional products were kept because they were useful. By giving a practical and useful promotional product you can ensure that your brand is remembered by important customers, giving you vital prominence. This prominence comes at a much lower price than through television advertising and is a vital means of promoting yourself in a cost efficient way.
The dawn of internet advertising and viral campaigns hasn’t signalled the death of television adverts just yet, but the sheer potential of the online world to reach millions of relevant customers for a vastly reduced sum of money makes it an incredibly appealing option. The latest crop of festive television treats shows that, for now, television advertising lives on, but for those who have the ingenuity but not necessarily the budget, the online world wins hands down.
The role of promotional products continues to be a major one and they are consistently effective when used alongside a traditional campaign or as a stand alone tactic. Delivering your brand to relevant potential customers in a unique and memorable way is the ultimate goal for every advertiser and by using promotional products you will ensure this is achieved in a cost effective way.