Business Matters on TV3
Is traditional advertising dying?
This questions was on the table this week on Sunday’s edition of the new business program on tv3. Part of the program talked to traditional Advertising Agencies in Dublin who would see digital advertising as a small part of their business. Overall it was great to see that Yes in fact traditional advertising as we know it, TV, Radio and Print are taking a hit, but that “Digital Media” is holding it’s own in an Ireland gripped in recession.
I must say that I was smiling all the way through the show as our ideas of how to help business grow in a recession were confirmed. It was also mentioned that companies who are involved in the Advertising Game still think of the Internet as some sort of fad, or something their kids do on their laptops. It’ true it won’t make the Advertising Companies the profits they are used to. I thought they were totally missing the numbers who are on-line via all sorts of methods, including free wifi for laptops, net books, mobile devices and the list goes on. Sit on a bus from Gorey to Dublin and see how many people are on-line. Please try it, you will be amazed.
Only two weeks ago their was a supplement in a Sunday paper telling use how broadband and the Internet will help get Ireland out of a recession. Using every element it offers can help companies reduce costs and indeed expand their target market.
One item that did catch my attention too was the talk about diversifying your online advertising into niche areas and going to where people are on-line. A quick version of this is facebook, a client of ours is using FaceBook to attract and retain clients for their on-line shop, with in weeks they have over 2,000 fans and are updating their facebook page daily with special offers and news. It has been a great success for them.
Advertising needs to be more specific and more targeted. If you advertising in a magazine for sports then find an on-line edition and make sure you are listed on that. If you are looking for get clients in a certain town then advertise on a website for that town.
Overall the program is very good, Ivan Yates is at the helm I would recommend to sky+ it if you get a chance.