Until only recently, the fashionable advertising trend was all about Integrated Marketing Communications (IMC). Rushing headlong into this world at the turn of the century, many organizations realized that they failed to properly engage the world of digital media by taking an integrated approach. This had the appearance of making the possibilities of digital media pale into insignificance when compared to traditional physical media, purely based on budgetary allocations. Today, the marketing trend in vogue is `Below the Line' (BTL) marketing which originates from marketing initiatives that occupy relatively small budgets unlike the big budget attempts to achieve brand awareness, reach and recall, leading to potential purchase. Budgets in the digital world are based on a clicks per 1,000 basis and translate to being many orders (e.g., 10 to 20) of magnitude smaller than newspaper advertising.
More
importantly, unlike the measures of brand awareness,
reach and recall, the digital initiatives can be tracked
to achieve actual sales. This is in stark contrast
to using circuitous measures purporting to represent
a proportion of consumers recalling the name of the
product who may not necessarily purchase the product.
Thus, entering the digital world, we have transferred
the cost per request to an actual cost per acquisition.
This is a world of difference from spending on reach
and frequency rather than actual receipt of the direct
customer responses. |