All Articles Tagged "advertising"
With the year soon coming to an end, many advertisers have their eyes set on one of the biggest campaign opportunities of the any year, Super Bowl. Already sold out and going for as much as $4 million a slot, one can only imagine what companies have up their sleeves to get our attention and capture our business.
But until that time comes, it’s kinda fun to think about the commercials that left a lasting impression on us throughout the year. Are there any that come to mind? If so, what was it about the ad that kept you glued to your television? Here is a look back at some of the most memorable commercials of 2013. Of course there were many but these instantly came to mind.
You’d think that with African Americans possessing a buying power expected to reach more than $1.1 trillion by 2017 that advertisers would be flocking to black media to reach this valuable consumer.
But no. According to a new Nielsen report, of the $75 billion spent last year in the U.S. on television, magazines, Internet and radio advertising, less than three percent went to media focused on black audiences.
By not advertising in black media, companies are missing out on a prime market of 43 million blacks in the U.S. representing about 14 percent of the population — more than half younger than 35, says Nielsen. “In short, the message and the medium matter when selling items such as feminine hygiene products and Big Macs, both of which are purchased more heavily by African-Americans than the general population, according to the report,” writes the Chicago Tribune.
According to the Nielsen study, blacks watch 37 percent more television (an average of more than seven hours per day) than any other group. The favorite network remains BET, with four of the top 10-rated total daytime programs through June. Another favorite network in the top 10 for black viewers is ABC, home to Scandal.
Cheryl Pearson-McNeil, VP of public affairs and government relations at Nielsen, says advertisers make a major mistake when assuming that they do not need to tailor advertising to the black consumer market. “Because there are no language barriers, the assumption is ‘I can reach African-Americans with the same ads that I can reach the general market,’” she said. “In reality, there are a lot of cultural nuances that resonate more with blacks… that could actually drive up market share if you incorporated them into your marketing strategy.”
Despite the proof that broad-based campaigns don’t necessarily reach black consumers, the advertising world has been slow to react. In fact, Chicago-based Johnson Publishing Co. has been trying to drive this point across to advertisers for more than 70 years. Johnson’s Ebony and Jet magazines have both undergone recent redesigns in an effort to attract more readers and revenue, but a striking advertising disparity between those publications and general interest magazines still exists, reports the Trib.
Ebony has a total average circulation of 1.29 million, according to the Alliance for Audited Media. Last year, according to the Publishers Information Bureau, Ebony had advertising revenues of about $48 million, up 29 percent from 2011. Compare this to general market publication Vanity Fair, which has a total average circulation of 1.21 million. Last year the magazine generated more than $268 million in advertising revenue, according to the bureau.
But Johnson Publishing CEO Desiree Rogers believes things are changing, with younger blacks undergoing a “reverse assimilation” of sorts, taking renewed pride in their cultural heritage and seeking entertainment, information and news that speaks directly to them. Because of this, she said companies employing black-oriented media and messages will be “much further ahead” in terms of influencing buying decisions among those young consumers.
MN Biz was at the American Advertising Federation’s Diversity Achievement & Mosaic Awards yesterday and it’s clear that major companies like Pepsi and State Farm are paying attention to marketing that specifically targets minority groups. Other companies are playing catch up.
Jet mag’s new design will have a brighter cover, better placement of feature sections, a brand new logo, better quality photos, and more infographics. The mastermind behind this upgrade is Mitzi Miller, the magazine’s editor-in-chief since May 2011.
The only facet of the magazine that will remain the same is its small-booklet form. “[T]hey like it just the way it is,”added Chicago Business.
CEO Desiree Rogers is completely on-board with the move. “We have to continue to remain competitive in the business landscape,” Rogers told Chicago Business. “And that includes[…] constantly updating those publications, keeping them contemporary, keeping them fresh and continuing to please our existing customers.”
While the next revamped issue will have more pages, Jet magazine’s future page count will rely on the advertiser’s response.
Rogers is under a lot of pressure to keep Jet magazine’s circulation at more than 700,000 readers to please her advertisers. Figures for the last half of 2012 show that Jet reached 724,637 readers, which was down three percent from June 2012, according to a source in Chicago Business.
The three percent decrease does not seem to faze Rogers, though. She’s just content she’s surpassed the threshold and does not plan to spend extra marketing dollars until the readership drops below the 700,000 mark.
The redesign is an attempt to “remain relevant as readers lose interest in print,” said Chicago Business. Check out the new Jet on August 12.
UPDATE: Octavia Spencer and Michael B. Jordan, who are promoting their highly praised film Fruitvale Station, are set to grace the cover of the new revamped issue of Jet in August. The redesigned magazine will also feature brief videos for readers’ mobile phones, according to the New York Times.
The Grio tells us how Jet magazine will implement mobile technology in their new upcoming issue:
With Layar, a smartphone application, readers will be able to scan an icon from the magazine, and a video will pop up on their phones. In coming months, Miller said the brand plans on rolling out its iPad application, which follows its existing presence on e-readers.
“I’m proud to say that my team has created a product that strikes the perfect balance between freshness and familiarity. The new JET combines what our readers have always loved, with a modern look and vibe,” added Mitzi Miller, editor-in-chief, in a press statement.
India.Arie has a reputation for being obvious with her Mother Earth persona. Now she’s making her love for cocoa butter clear. It’s not just that the lead single off her new album “SongVersation” is called “Cocoa Butter.” She’s also partnered up with Palmer’s Cocoa Butter Formula for the new music video (available at the bottom of the page). As if a chorus of “Your love is like cocoa butter on my heart” doesn’t provide enough inspiration for 140-character jokes, her latest music video positions her as cocoa butter’s answer to the Avon lady.
Brands Behind the Music
Lady Gaga is credited with ushering in blatant product placement in music videos. Before her, product placement meant the camera lingered on the product longer than it took for you to count to “one-Mississippi.” In 2010, Gaga’s “Telephone” video included in-your-face placements for everything from Miracle Whip to Virgin Mobile.
Brought on by videos’ move from television to the Internet and record labels’ attempt to make videos a revenue source and not just a marketing tool, this trend shows no signs of slowing. Music integrations were up 22.7 percent last year alone according to the PQ Media Global Product Placement Spending Forecast 2012-2016. Remember when MTV dominated music video distribution and logos were blurred out? The channel had it’s own advertisers to cater to. The Web allows advertisers more access to space in videos.
“YouTube and Vevo provide the best places for music videos to be posted with ads,” says Deborah Posner, an advertising instructor at The Art Institute of Fort Lauderdale. “Vevo, in particular, was launched in 2009 for the specific purpose of enabling product placement in music videos by high-end advertisers with free access by viewers.”
When It Works & When It Doesn’t
Lord knows the music industry can’t afford to churn out videos like it did in MTV’s heyday. Product placement helps the medium to survive. Artists get financial support often without sacrificing their creativity or bombarding their fans with overt advertising. Everyone wins. Until now.
Advertisers can take things a little too far. Watching Arie’s leading man smooth Palmer’s on her brown skin as she sings “You rub it in” is a tragic comedy that shows exactly where the limit on these arrangements lie: when the whole affair feels like a sales pitch.
“To avoid making the video look simply like a commercial, the products should complement the story, and not be the main attraction,” Posner adds.
Don’t Ruin This
Music videos are an advertiser’s dream. Videos promote lifestyles, and brands are always looking for ways to align their products with a larger community or feeling. Videos also have a permanence that traditional commercials don’t offer. “Cocoa butter” will exist on YouTube as long as the Internet gods see fit.
But artists have to remember to make these deals work for their best interests. That’s why artists like Jay-Z and Beyonce are signing up for creative collaborations with major brands (Budweiser and Pepsi, respectively) rather than simply being a spokesperson. They don’t want the products to overshadow their artistry. They don’t want to turn themselves into a pusher or a punchline.
At the end of India.Arie’s video, as the cream ribbons floating around her faded away, I felt like I had been tricked into watching a four-minute commercial for cocoa butter. I guess the joke’s on me.
C. Cleveland covers professional development topics and entrepreneurial rebels who blaze their own career paths. She explores these stories and more on The Red Read, Twitter (@CleveOutLoud) and Facebook (/MyReadIsRed).
Though you may think that a tweet is just a tweet, for some celebrities, tweeting means extra bucks. As if these celebrities needed more money, various companies have tapped into celebrities with Twitter accounts in effort to promote their service or product amongst the celebrity’s fan base. Here are 14 celebrities who get paid a pretty penny for their 140-character tweets.
There has been a lack in black women in advertising. The late Caroline R. Jones, who the New York Times said “broke race and sex barriers in advertising to become one of the most prominent black women among agency executives,” was one of the few trailblazers who took Madison Avenue by storm. Now it is Anna Banks’ turn. Banks, who is based in the San Francisco area working for a firm called Organic, is in demand job “as marketers look to senior digital strategists to help them navigate a complicated media landscape,” reports Ad Age, which has placed Banks on it’s list of “Women to Watch” for this year.
Banks attended Radcliffe and Harvard, and she did her senior thesis on the changing image of the African-American woman in print advertising. This led to positions at several agencies, such as McCann Worldgroup. Banks soon was chosen as a fellow in WPP’s MBA marketing program. While part of the program, Banks helped develop a new division at JWT that joined digital content and traditional media. In 2009, she went to Organic where she currently leads a team tasked with all sorts of digital work for international companies like Kimberly-Clark, Nike, Intel and Quaker, reports the magazine.
“The opportunity is to connect experiences across all marketing channels and angles at your disposal — location-based insight, multiple screens, mobile, social, to make the experiences highly participatory and irresistibly sharable,” she told Ad Age.
In other advertising-related news, AdColor just announced the honorees for the 2013 ADCOLOR Awards, which will take place take place on September 21st at The Beverly Hilton in Los Angeles. Some of the honorees are Janet Mock, writer and founder of #GirlsLikeUs Project; Wendy Lewis, SVP of Diversity and Strategic Alliances at Major League Baseball; Torrence Boone, Managing Director of agency business development at Google; and Brandice Henderson, CEO and founder of Harlem Fashion Row. Uniworld founder Byron Lewis will receive the Lifetime Achievement Award, and as we previously reported, Nick Cannon will be honored with the ADCOLOR All-Star Award.
Nick Cannon seems to have his hands in everything—in front of the camera, behind the camera, in retail, on the radio. And now the AdColor Board of Directors has named Cannon as the 2013 AdColor All-Star.
Cannon will receive the honor at the upcoming AdColor Awards and Industry Conference on September 21. Other former AdColor All-Stars Earvin “Magic” Johnson, Russell Simmons, Cristina Saralegui, Queen Latifah, George Lopez, and Boris Kodjoe will be on hand.
The AdColor All-Star Award goes to creative professionals of multicultural backgrounds, who, a press release explains, “have mastered all aspects of the media, creative, digital and traditional advertising disciplines.” AdColor is a nonprofit organization whose mission is to celebrate diversity in the advertising, marketing, media, and public relations industries.
According to AdColor, Cannon is their pick this year because he “embodies the ‘Rise Up. Reach Back,’ mission of AdColor.”
This year Cannon returned for the fifth season as host of NBC’s America’s Got Talent and he serves as the chairman of Nickelodeon’s TeenNick television network as well as hosts his own nationally syndicated Top 40 weekend countdown radio show called “Cannon’s Countdown” with CBS Radio. Cannon also runs the multimedia company NCredible Entertainment, which produces TV and film projects. The company also has a product division that introduced the NCredible branded headphones last year in conjunction with Monster and expects 2013 sales to exceed $30 million.
And Cannon inked a multi-year, multi-million first-look production deal with NBC Networks to develop scripted and unscripted programs for the network earlier this year. His new sketch comedy show, Incredible Crew, premiered on Cartoon Network and has out-performed American Idol in all key kids demos.
Along wth Cannon, AdColor will honor 21 individuals and companies.
In life, it all starts with a plan. Having a guided course of action can take you quite far in life as you hone in on your goals, track accomplishments and focus your efforts to stay on track. Without one, you may find yourself wasting precious time or not making the type of progress you wish to see.
If you are a business owner, you definitely need to have plans in place to make sure things go as smoothly as possible. You might hear fellow industry professionals talk about the almighty business plan that some need before approaching lending sources, or even opening up shop. There is, however, another plan worth a mention.
Have you heard of a marketing plan? Do you know how to make one? Should you find yourself a bit clueless on the subject matter, here are some tips to help you out.
There’s a new Kool-Aid Man in town. The cherry red, smiley faced pitcher that’s been bursting through walls since 1954 is going to be computer-generated from now on. It was previously a person in a foam suit. Kool-Aid has been around for 94 years, according to Quartz.
Sales of Kool-Aid have slipped in recent years with the launch of other drink additions like MiO and Dasani Drops. However, Kool-Aid remains popular among minorities, particularly African Americans and Hispanics, The New York Times said back in 2011.
“In 2012, the brand’s U.S. sales were down 5 percent to $338 million, according to the market researcher Euromonitor International. That was following a 4 percent drop the previous year,” Crain’s Chicago Business reports.
According to the company’s senior brand manager, Erica Rendall, the makeover is meant to give the character a better-defined personality and make him more relatable. Not sure that a digital pitcher of Kool-Aid could ever be more “relatable,” but OK.
Besides his wall crushing and the tagline “Oh yeah!,” the character may be best known for his antics on Family Guy. Feel free to check it out below while we wait for the new commercial to launch.
A revised revenue prediction from eMarketer says that Twitter is expected to make $950 million in 2014 and then break a billion bucks ($133 billion, to be exact) the following year on advertising. This is the second upward revision from eMarketer in six months. Some people say it could be even more as Twitter is expected to go public in the next year.
“One question is how high Twitter can push its numbers without watering down its commitment to selling only ad units that feel native to its ecosystem. Facebook has been drifting farther and farther from its mission of using the social graph to revolutionize advertising,” writes Forbes.
So quick question for you: Have you ever paid attention to the advertising on Twitter? I know I haven’t, even if I’ve noticed a promoted company among the trending list here and there. Moreover, it seems that companies, like Oreo, that manage to use Twitter as it was intended (with a tweet) in a clever way get way more out of the social network than advertisers. But maybe that’s just me.
In other “tech companies making money” news: AOLs stock is up 100 percent year-over-year. Last year, the stock price was $19.19. Yesterday it was trading at $38.90, reports Fishbowl NY. Seeking Alpha says that the company has made strides, including sales of some patents to Microsoft, but it’s overvalued given the competitive tech marketplace in the US.
“We have already accounted for display ad growth in our AOL valuation and think the turnaround the market expects will be difficult to execute in the coming years,” writes the site. “Our current price estimate stands at $25, which is approximately 30% below the current market price.”