The Difference between Principles and Practices

The Difference between Principles and Practices

There are certain Principles that are Timeless.

There are certain Practices that have a limited lifespan.

We need both.

We also need to know and understand the differences.

I’ll use two different examples, one of which is my area of expertise, the other is simply an observation.

Personal Land Transportation is the example I’ll use for the latter.

The United States of America is just shy of 250 years old.  Our ancestors, the ones that arrived from other continents, came overseas way before the United States became a country.  Water travel, boats, ships with multiple people… it was a form of mass transportation.

On land, we have had, horses and other animals we could either ride or attach to something that was pulled.  Eventually bicycles became a popular form of Personal Land Transportation and then automobiles mostly powered by gasoline. Today the growth and popularity of electric vehicles continues to grow but it was be years before they replace gas powered personal land transportation automobiles.

I almost omitted rail transportation because it’s not a personal but a mass transportation system, however we as individuals have the freedom to use trains, subways and other rail based transportation to travel from one place to another over land.

The Principle is simple.  Get from one place to another over land.  It takes action and energy.

The Practices have evolved over time, and yet some of the early practices are still available.  The most independent is perhaps ourselves, walking.  All we need is fuel for our bodies and appropriate clothing.  You can go faster riding a horse or bike.  Motorized transportation is the Practice that most of us use these days to implement the Principle of getting from here to there.

Now I’ll apply this to my area of expertise, Advertising and Marketing using Human Relationship Principles.

The Principle is the closer you can spread the word about you and your business using what we as Humans respond to, the better.  Boiled down to a couple of words, it’s the Trust Factor.

The very basic is called Word of Mouth.  I ask you where to go for lunch and you recommend a place and tell me why.  Because I trust you, I trust what you tell me and I go there and spend my lunch money.   That Practice is probably equal to walking in my previous example.  Very effective, but a slow way to grow your business.

Signage is another practice.  If your business has no sign identifying it, I’m not going to trust I am at the right place. That kind of signage serves as an identifier of a physical location.  There is also the physical signage that is more closely though of us advertising. I’m talking about billboards that advertise your business. Or it could be a smaller sign I see somewhere.  Signage create a little bit of trust, but not as much as a friend telling me.  The benefits of signage is that one sign can inform many more people than word of mouth and it can be placed strategically to potential customers.

Other Practices for advertising and marketing your business is the traditional media models of newspapers, television and radio stations. Online we also have a multitude of ever evolving tech.

Some Practices work better than others and it’s due to the Human Relationship Principle, the Trust Factor and how closely it is applied. Some of the online practices have evolved to attempt to create a more personalized advertising experience. As you and I do ANYTHING online, we are adding to the meta-data that is used to serve us ads that are supposed to be more targeted and relatable to each of us.

This is where I want you to really pay attention to the Difference between Principles and Practices.

The Practice of personalized and targeted ads makes sense, but it does absolutely nothing when it comes to following the Human relationship Principle of the Trust Factor.

I’ll talk more about the what and why of creating the Trust Factor in your advertising and marketing in the weeks ahead but for now, please understand that just because the an ad message is targeted and personalized the way tech can do it with algorithms, doesn’t make it better if it ignores the Principle of Human Relationships.

Are You Living In The Past?

Are You Living In The Past?

There is an old perception among TV people that “everyone watches the Olympics”. Because of this, the old broadcast networks of ABC, CBS, NBC and Fox usually air reruns of regular shows instead of new episodes. (NBC is the official network this year).

However there are millions of people who are not going to watch because they either have no interest, or time to watch. Our TV viewing habits from 40 years ago simply are not applicable in 2022.

Live TV viewership is a fraction of what it was. Screentime has increased when you count our phones, laptops and tablets but what we watch and how we watch is radically different.

In the middle of the 2022 Olympics we have the Superbowl. This one live sports event is guaranteed to have more viewers than any single event of the Olympics.

My take away for all this is to question things you are doing that may be outdated but you keep doing them anyway.

And since I write about media and marketing, this caught my attention because the couple of TV programs my wife and I like to watch are in their winter hiatus and it’s going to be a few more weeks before they present new episodes.

No, I’m not going to switch from watching NCIS to Figure Skating this month.  I’ll find something else to do with that hour of my life. Much of the media I consume is by appointment. Not all, but nearly most of it when it comes to TV.

What is “by appointment”?  It’s the ability to watch what I want when I want.  The emphasis is on the when.  As a baby boomer who grew up without this option, I really like it now.  In our house we cut the cord a few years ago an instead use streaming services.

Amazon Prime I’ve had for years originally for the free shipping since we have many family members out of town, but we also use the video platform to watch stuff, “by appointment”.  YouTubeTV is our main replacement for Xfinity and we have a choice to watch something live or recorded.  The shows my wife and I used to watch live, like NCIS, we now watch on the weekend, at a time that works for us “by appointment”.  Because of this, we don’t get any local TV commercials.  If your business is trying to reach me by spending money with the local TV stations, it isn’t working.

My screen time is further divided up between other streaming services including Hulu, Netflix, HBO+, Paramount and Peacock.  No, I don’t watch all of these, but they are coming into my house and maybe my wife has a show that she watches on these streaming services.  The point is, you need to reconsider where you place your advertising and see if the expectations and results that you had in the past are even achievable today.

I’m not just picking on TV by the way.  Printed media has undergone tremendous changes too. Newspapers, magazines and remember the phone book?  Are you still paying for ads in any of these because it’s been traditional and you want to do what Dad and Grandpa did to build the business?

I must caution you however,  there are some value to nearly any kind of marketing you do, but you have to understand the return on investment principles and other factors and not just continue because the advertising salesperson had a slick sales pitch.  I’ll be talking more about some of the specifics in the weeks ahead, and if you want my help now, reach out to me.

 

Why Your TV Ads Are Not Working

Why Your TV Ads Are Not Working

It’s not nice to bad mouth others and I try to avoid it.

I also want to be truthful.

Over the next few weeks, I am sharing some information that might sound like I’m bad mouthing others, however I am more interested in providing you with the truth about advertising mediums so you can be smart with your advertising and marketing plans.

Today we look at what has happened to the world of television and why you probably need to rethink your ad plan if you have been a fan of using TV to invite viewers to become your customers.

Trade publication Radio Ink shared some highlights from an article written by Pierre Bouvard of Westwood One.  I have no connection to any of them but for your information some of the programming on our radio stations come from the Westwood One radio syndication service including the recently launched Dan Bongino show on my station WOWO from noon to 3pm in the same timeslot that Rush Limbaugh used to occupy.

Anyway, after reading the Radio Ink story, I also read what Pierre wrote and have some quotes and highlights to share with you.

Why Advertisers Need Radio? A big reason is the fragmentation and decline in Television viewership. According to Bouvard the TV landscape is undergoing massive change and that all works to radio’s advantage.

The details:

One out of four persons 25-54 cannot be reached on linear TV. AM/FM radio’s 89% weekly reach among persons 25-54 is much stronger than television’s 77%.

In just two years, comparing 2018 to 2020, there has been a huge decline in people watching traditional TV.  Why?

“Worst year ever” for cord cutting: Pay TV lost 5.5 million subscribers in 2020. COVID-19 caused Americans to stay home and look to media outlets for information and entertainment. The ever-increasing number of video streaming services meant a step back from traditional TV for many American households.

It’s not that we have stopped watching content on screens, it’s that the way we get that programming content has shifted.

Cable buys miss 40% of America as pay TV penetration collapses.

2009 was the best year for cable TV with nearly 9 out of 10 homes hooked up to a cable service.  Now only 61% of America subscribes to cable TV. And the major broadcast networks are suffering too.

Broadcast TV’s reach is down an average of -22% across FOX, NBC, CBS, and ABC affiliates. Since 2016, broadcast TV has reached fewer persons 18+ across the four major broadcast network affiliates.

The article continue with a solution but it uses a bunch of advertising agency lingo that I’ll interpret for you.

Pierre points to a study that uses consumer products giant Proctor and Gamble.  Adding Radio ads to the TV ads increased the reach of their advertising messages 3 times more than if they simply bought more TV ads.

Weather Tech is another company that is using both TV and radio and the addition of radio ads increased their reach over 60%.

AM/FM radio makes your TV better by reaching light TV viewers. Light and non-TV viewers are a challenge for marketers. Advertisers can’t solve the light TV problem by buying more TV. AM/FM radio reaches 83%+ of the light TV viewer audience across all demographics.

So if you are a fan of using TV advertising, and you aren’t seeing the same results you used to, know you know why.  And you also have a way to overcome this problem that I can help you with.  Email me, Scott@WOWO.com

 

 

 

The Disappearing TV Audience

The Disappearing TV Audience

Not even a pandemic can save broadcast television.

As America opens up again after being told to stay home last year, we’re getting new data about some of the long term affects of the COVID-19 pandemic.  And since I’m a media and marketing dude, not a doctor, I’m going to focus on what I know about.  Get your health and wellness info from someone qualified to advice you.

I am qualified to talk about media and marketing because that is not just my passion but it’s been my livelihood for a few decades plus I have access to data that most of you don’t.

One of the predictions about 2020 was that media consumption habits were going to change due to our being stuck at home. Less people on the road would decrease radio listenership and TV would stop the slide in viewership that it’s been suffering for the past decade.

Well, radio listenership may have shifted a bit temporarily, it’s just as strong and healthy as ever.  Broadcast TV, that’s a different story.

Here in Fort Wayne, Indiana, we have had 5 major broadcast TV stations since I was a kid.  ABC was channel 21, CBS was channel 15, NBC was channel 33, PBS was channel 39 and FOX was channel 55.  Those were the channels my Mom watched 20 years ago without cable and people of her generation are still watching broadcast TV, but not as many or as much because they are dying off (80 to 90 year olds), or they’ve done what my generation and those younger are doing and watching TV from cable or streaming services.

We have a collection of restaurants run by the Hall’s family in Fort Wayne that a friend of mine predicted would be out of business in 10 years because all their customers were old.  He made that prediction 20 years ago and most of those restaurants are still here.  Why?  Because they keep making old people is my answer.

But there is more to this problem for broadcast TV because the TV networks are not creating shows that younger generations want to watch.  The younger generations are finding them online or on streaming services, not ABC, CBS, NBC, PBS and Fox.

MarketingCharts.com shared data that compares July thru September 2020 with the same 3 months of 2019 and except for those age 65+, the trend for watching less broadcast TV that has been going on for more than a decade, continued despite being told to stay home.

This continuing decline is because of the habits younger generations have formed that simply can’t be ignored.  Teens are now watching less than an hour of TV, that’s a drop of 21% in just the last year. The 18 to 34 year olds viewing habits dropped over 23% in the past year.  The only age group that didn’t lose viewers were those 65 and older and they barely retained the number of viewers and time spent watching TV.   It happened to the Yellow Pages of the phone book, it continues to happen to the newspaper industry as technology changes occur and consumer habits change, the decline continues and is happening to broadcast TV.  Not even a stay-at-home order in the worst pandemic of our lifetimes has been able to save the TV stations from losing viewers.

I have a couple of questions for you if you are a business owner that has relied on TV advertising to draw in new customers.

How is it working for you compared to years ago?

19 out of 20 business owners I asked this question to at the end of 2019 (before the pandemic) told me that they have seen a decrease in their return on investment on advertising on traditional local TV.  The other person had no idea because business was booming and he used multiple avenues to advertise.

The other question is would you like to see an alternative form of advertising that hasn’t become less effective, that can either work hand in hand with your other marketing and advertising or replace some of the advertising avenues that aren’t producing for you like they used to?  Contact me, Scott@WOWO.com and I’ll put you in touch with someone from my team to discuss what can be done to make your business successful and growing this year and for years to come.

Radio versus Social Media

Radio versus Social Media

For the past few years, President Donald Trump has called the major news media Fake News. Meanwhile the commentators on the networks and news organization he calls Fake, call the Presidents favorite channel Fake News.  I’m not about to dive into a political rabbit hole but this is just one example of how we as consumers have been losing trust in the long standing traditional news media, no matter what side you are on, there’s someone on the other side that will say, you’re wrong and they are right.

What led to this widespread division is not just what the news organizations are doing, but the availability for anyone and everyone to become their own “media”.  I’m talking about Social Media.

We can forget about Tom and MySpace which was the forerunner to Facebook.  MySpace is still around but Tom skipped town.

Facebook is attempting to take over the world, still but in light of what they have been doing with data collection and arguing over their legal liabilities, Facebook is losing ground when it comes to Trust. 

I just read a story that summarized findings of a survey taken this summer by Engagement Labs that points out how badly the trust factor in Social Media has fallen this year.  How bad is it?  “Facebook down 56%, Instagram down 38% and Twitter down 140%”

Yikes.

Now before I go any further with sharing the results from this story, I want you to know where I am coming from.  Since 2003 I have worked exclusively in the marketing world.  8 years at a group of radio stations, followed by some shorter positions working for a website development company that specialized in marketing solutions, another several months back in radio, followed by nearly a year as the “Social Media Magician” at an ecommerce company before I returned to radio again in 2013.  

The ScLoHo brand came about due to my online activity I was doing 15 years ago.  I have lived in both social and online media along with traditional media for a long time and I know the strengths and weaknesses of all of it.  The company I work for has a digital division and I can probably out debate anyone on the pros and cons of all this. 

Back to this story and survey from this summer…

A new survey of radio listeners finds their trust in radio and its personalities continues to grow as social media has become far less trustworthy during the past year. Conducted by data and analytics firm Engagement Labs and commissioned by iHeartMedia, the study shows listeners ages 18-69 place higher trust in radio than in television or social media and that 79% of respondents said radio is more or just as trustworthy compared to a year ago while social media is 50% less trustworthy during the same time period.

Here’s more specific numbers:

Among radio listeners 18-69, the survey found 75% trust radio, 66% trust television, 57% trust websites, 38% trust Twitter and 37% trust Facebook.

My radio station, WOWO Radio is a news/talk formated station and I just received data relating to our listenership and the trust factor that I’ll share in a few weeks.

One more quote from this story:

The survey also found that an overwhelming majority of respondents indicated that radio improves their mood, helps them feel less isolated and more connected to their community. More than three-fourth of respondents (77%) trust the information they receive from their favorite on-air hosts. In addition, heavy radio listeners were found to wield robust word of mouth power for advertisers, having more brand conversations and more influence than heavy internet users and TV viewers.

It’s that last part, the robust word of mouth power for advertisers that I’ll gladly talk to you about specifically with regards to WOWO radio if you reach out to me and I’ll also be including that information in an upcoming article and podcast.

 

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