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Earned Media

This week’s class covered earned media, also refered to as free media. This consists in publicity gained through non-advertising promotional efforts through things like press releases, PR agencies, contacting journalists and placing stories with news outlets.

It is considered free media for some because it also consists on worth of mouth as customers become the advertising channel. Third party recommendations from friends and contacts are more credible and transparent than paid opportunities.

How to gain “Earned Media”?

  • When a business creates interesting content (owned media) on their blog, those blog posts are much more likely to be shared by your readers, becoming earned media.
  • Same thing applies when messages are used on social media channels such as Twitter (with retweets) and Facebook (share button).
  • This is a great tool for SEO. While the search engines love fresh content but more than that it is much more efficient when the content is being shared constantly, so the more times your owned media is shared, Liked, retweeted and posted the more valuable it becomes. Without owned media becoming earned media, the content created is not as valuable for SEO as it could be.
  • Generating “PR” or “getting coverage,” people still trust what it gets broadcast or published by traditional media.
  • Contacting high profile bloggers to write about the brand, service, product, etc.

One of the challenged of Earned Media is that once the content is available for the audience, businesses are no longer in complete control of their content. Much like social networking, earned media places the power of your brand in the hands of your consumers.

Monitoring Earned Media:

  • Using TweetDeck allows you to monitor Twitter activity and follow up on any mentions and interactions related to the business.
  • Google Alerts are email updates of the latest relevant Google results (web, news, etc.) based on your queries.
  • O’Leary Analytics they focused on monitoring brands mentions in online publications, quantify and qualify the results of your PR efforts, nationally and internationally.
  • Blog Statt. Blogger and WordPress provide a measuring tool as well.

Paid Media

In this weeks class we covered paid media (ads). Due to changes in consumer behaviour, marketeers are forced to use different techniques to sell their products or services. One of these techniques is paid media, they allocate spending in not only radio, television and print media but also in digital media in order to acquire impressions, views and clicks. There are three approaches that can be taken for this:

Fist we have Rich Media Ads: These ads consists of motion graphics, audio, video and the objective is that the user interacts with the ad. These ads cannot be intrusive or disturb the user, they must be the ones to decide whether or not they want to interact with your ad. On the bad side, these sort of ads are difficult to design and are not suitable for everybody.

Another form of advertising are Display Ads: Display ads are often referred to as banners. These graphical forms of advertising come in standardized sizes and can include text, pictures and rich media (interactive multimedia as mentioned above). They can be placed on websites, applications, newsletters, e-mails etc. Rich media is combination of text, audio, still images, animation, video, and it is made to allow users to interact and participate with the ad. Display advertising allows you to target your audience by selecting various options such as demographic, gender, age etc. You can track the performance of your campaign daily to measure metrics such as impressions, clicks and conversions to calculate your return on investment (ROI).

Text Ads (Google Adwords): These are the simplest version of a clickable message and they are composed of three parts: a headline, display URL, and a description. This is Google’s main product and it is a pay per click service. These ads are considered to be very effective, fast and easy as Google is the most popular search engine in the world with over a billion searches every day. More people using Google, means more of your target audience will see your ads. You can set up a daily budget and change it based on the results your campaign obtains. Here is a Guide for Google Adwords: The Google Guide to Search Advertising.