Showing posts with label millennials. Show all posts
Showing posts with label millennials. Show all posts

Tuesday, August 22, 2017

The Media versus the Viewer

The Media versus the Viewer


Binge-Casting

Over-Casting

Flip-Casting



Binge-Casting

When the media broadcasts episode after episode of a series for several hours.
This is not to be confused with a marathon. A marathon is an event. Binge-Casting is part of the regular programming schedule.

Some examples of this are:

Say Yes to the Dress
My 600 lb. Life.

Other examples are rebroadcasting episodes of "The Real Housewives" or the running of Flip or Flop
Fixer Upper
Property Brothers

Though HGTV seems to run shorter binge sessions.



Over-Casting

Over-casting usually occurs in a binge-casting session when the broadcaster minimizes the current episode to begin the next episode.  In some more aggressive instances, the next episode will begin before the previous episode is over cutting out the punch-line in the previous episode.



Flip-Casting

Flip casting is a process where the ratio of the number minutes of content to the number of minutes of commercials approaches a point where the broadcaster will be airing commercials with content breaks. 

"We interrupt this commercial to bring you programming already in progress."

This format is blunted by airing promos for upcoming programmes to give the appearance of broadcasting content.


The Bing-casting can be seen as saturation marketing.  This, for a product, an industry, a lifestyle, or other offering.

For example:

Wedding dresses and wedding related products and services.  Dresses, catering, photographers, honeymoon destinations.

Another example, this for a lifestyle transformation, is the pursuit of the "open concept" with the celerity of a honey badger.

Open floor plan, open concept, very open, spend time with my guests, keep an eye on the children, and so on.

The result?  Houses that are cheaper to build, hence more affordable.

How can we sell this house without a kitchen wall?
Easy.  Open floor plan.

How can we sell a house without a ceiling?
Easy. Vaulted ceiling.

How can we sell a house without an exterior wall?
Easy.  Wall of windows.

The marketing putsche will guide the viewers--the consumers--to want that too.

Is there anything wrong with an open floor plan?  No.  The open floor plan makes smaller homes appear larger and larger homes more affordable.


With Over-Casting you compress content to free up time for more commercials and more promos for other shows.  This, combined with Flip-Casting, conditions the market to accept advertisements that are less informative but definitely more entertaining.


These techniques are ubiquitous. Almost.

As home remodel shows first became popular the plot was formula.  Smash the walls, smash the counter tops, smash the cupboards.  Before the commercial break, replay the tape with a voice-over to tell the audience what they saw.  After the commercial, replay the tape with a voice-over to tell the audience what they saw.  And this is replayed before the recap at the end.  Audience conditioning, audience acceptance, audience transformation.

To examine this in retrospect, look at the marketing and sale of coffee.

Once coffee came in 16 oz. cans.  Then, 13.5 oz cans. Now?  11.5 oz.  However, ask yourself, how much smaller can a can of coffee get?  Not much.  Hence:  27 oz cans sold at a Sale Price.  Some pricing policy is confusing.  Such as when I found out I can buy 3 small cans of coffee for less that one large one.  I bought 3 small cans of coffee.  However, while I've been drinking green tea, my wife is still drinking coffee.  As a result, I am not checking the price of coffee.  I just did.  Coffee now comes in [approximately] 10 oz. and 24 oz. cans.  And the cans are now plastic containers.

During the coffee price crisis of the late seventies, I heard where some would buy soda instead of drinking coffee.  This despite the fact that the soda was more expensive.  This was not a protest.  This was the result of coffee looking too expensive while soda looked like a less expensive alternative.

And the consumer is not all that tuned in.  Some 30 years ago, while buying coffee, I was checking the price per ounce of a smaller and a larger container of coffee.  This based on the old canard that if you "buy in larger quantities" you save on the unit price.  This did not play out.  I said to my wife, "The coffee in this [the larger] can is more expensive than the coffee in this [the smaller] can." 

A well dressed professional woman had been listening in and watching me.  I said to her, "I was pointing out that The Coffee in this [the larger] can costs more than the coffee in this [the smaller] can."

She looked at one can, then at the other, and said, "That's because that can is larger than the other can."

I thanked her for pointing that out and she walked away.  My wife and I exchanged glances.

But I digress:

There has been a result of this conditioning.

Dining room
Dining area
Formal Dining Area
Open Floor Plan
Open Concept.

Granite counter tops
Stainless Steel Appliances
Upscale Appliances
Bonus Room
Man Cave

And this all plays into the paradigm of

The Flash-Bite

A few decades ago, people spoke about the 5 second sound bite with derision.  Then the 5 second sound-bite morphed into the 2 second sound bite.  Then came MTV with what I all the Flash-Bite.  Two or three second clips: cut to: cut to: cut to.

One Mississippi, two Mississippi, cut to: One Mississippi, two Mississippi, cut to.

The result?

Candlestick, andiron, switch-plate, cut to: cut to: cut to.

Series of interior shots--living room

Chair leg
Cut to:
Lampshade
Cut to:
Cuspidor
Cut to: cut to: cut to.

The flash bite spread to cooking shows.

Egg yolk, lemon slice, teaspoon, Cut to: cut to: cut to.

The media has gone far beyond Bread and Circus.
The now embrace, Loud Noises, Bright Colours, & Shiny Things.

Cooking Shows are now Game Shows.  Everything from Beat the Clock to a Pie in the Face.

The History Channel? The Learning Channel?  Duck Dynasty and Honey Boo Boo.

Is there anything wrong with those shows?  Certainly not.  They are good shows.  They attract an audience.  And you want to sell to that audience.  Heed my admonition.  Marketing to Millennials is a series of loud noises, bright colours, and shiny things.

I sincerely believe that this article should point you in the right direction.  Do your own homework.

Regards,
Slim.

P.S.  If you find anything here to be helpful, please don't hesitate to send me a really tricked out Mac Pro and to tuck a few dollars into the envelope along with the thank you note.  Slim

Bob Asken
Box 33
Pen Argyl, PA 18072

Further reading:

Marketing 1959

Marketing to Millennials

If You Can Label It, You Can Sell It

Marketing Trumps Advertising


Remember:

"The Alchemists tried turning lead into gold and failed.  The Marketing People succeeded by selling lead to the Alchemists." ~ Slim Fairview
The Quotations of Slim Fairview (c) 2017.

Slim.

Tuesday, January 26, 2016

Upscale Buggy Whips

      
     Through the magic of metaphor: years ago, my great, great grandfather, Pap pap Fairview, known to his friends as Old Slimviews behind his back,  was in the custom-made, upscale buggy whip business.  (Not really. This is merely a fictive device to introduce the metaphor.)  
      As time moved forward, the motor-car appeared.  And the market for custom-made, upscale buggy whips began to whither.  Well, Pap-pap knew he had to do something.  He called a meeting of all his managers to announce that the industry was in jeopardy.  That he had to move with the times.
      "Times are changing.  We either move with the times or go out of business.  The motor car is encroaching on our industry, our customers.  Therefore, I went out and invested in some knew equipment.  As much as I am loathe to do it, I am going into mass-production buggy whips.  With mass costs will plunge, prices will fall, we will outfox our competitors.  With low cost buggy whips, folks’ll be flocking back into the buggy-wagon showrooms and we’ll be doing a booming business. Besides, the motor-car is just a passing fad.  A noisy smelly toy for the rich.  It’ll never replace the horse.” 

     The rest is history.  And now you know why I have to work for a living.  But I digress. 

     The joke is in the way I said it. Not in what I said.
     The Media, Marketing, and Advertising industries are using an old paradigm to address the latest advances in technology, shift in demographics, and changes in market demands and consumer taste.

     Read the following:

     Ad Revenues & the Media   

     Warmest regards,
     Slim.
     
     Copyright (c) 2016 Bob Asken
     All rights reserved.

Monday, January 25, 2016

Market Dis Satisfaction



I could have called it customer dissatisfaction, but the media might feel that this does not pertain to them.  Therefore, 

I will begin with the ending.

***********************
Media Middleman 

A few years ago I said, “Newspapers are in the advertising business. They sell ad space to advertisers and sell advertisements to the readers.  However, people won’t spend a dollar or two for advertising, so newspapers give away the news as an inducement to buy the ads.

Television works on the same paradigm. “You sell commercial time to the advertisers, and sell commercials to the viewers.  However, as the viewers won’t pay for commercials, you give away the TV shows as an inducement to watch the commercials.  

When that business model is disrupted, your company and your industry are endangered.

Now!

Younger audiences are buying (paying for) games, apps, or downloading free apps. They are not watching your programs—the inducement to watch commercials is losing all potency.


************************************** Back to the article already in progress.



Deny it all you want, have the public relations department issue any statement making any claims, however, this paradigm is valid. Why? Because it focuses on the customer.


The customer believes that you may care about your customers, however, both you and the customer know that the customers do not care about any one customer.  For example: If Charlie is unhappy with your goods or services, you will try to make it right. If he is still unhappy he will take his business elsewhere.  However, you have many satisfied customers who do not care about Charlie.  Your business will go on. Unless…


You lose your market, your market share, revenue stream and so on.  This brings us to…

The Media. 

While watching old videos of recorded TV programmes, I realised there weren’t many commercials.

Market Segmentation

1.  When you go from 10 to 50 to 150 television stations you will lose market share.

2.  Advertisers have smaller audiences. Advertisers want to pay less for ad time.

3.  Regardless of the cause of downward pressure on the revenue stream, you increase the number of commercials. This for revenue enhancement.

4.  You reduce customer satisfaction or increase customer dissatisfaction.
  
5. There is an interim pushback.

6. The VCR and TIVO ® are invented to time shift the viewing experience and to allow commercials by-pass.

7. There is a major shift in the entire industry paradigm.



Today, the market has shifted but the suppliers are using an old model to understand it, to respond to it, and to profit from it.

1. The delivery system has changed.

2. The market demographic has changed.

3. Consumer demand (taste) has changed.

Viewers are now on:

Computers

I Pads

I Phones

And so on.

A growing segment is now “streaming”.  The [real] translation: A growing segment is not watching “television” and the incumbent commercials to pay for it.

NB.  Remember!  The “cord” goes only as far as the front door.


Just as many are predicting that the newspaper as we know it will cease to exist being replaced by digital, the television sets may be reduced to “entertainment occasions”.  

For example: 

Super Bowl, 

World Series,

March Madness, 

Man U. v. Liverpool or 

Movie Nights.  


We must now ask, is that Flat Screen TV compatible with that i-phone; with i-phone technology?  


Look at modern trends.


Young people are spending money on gadgets and eating out instead of clothes.

Mall traffic is down. (Some figures put it at 40%)

Amazon has penetrated the Wal-Mart Market.  (Wal-Mart is closing stores, and Amazon is going great guns,)

Young audiences are streaming.

The result of all this is that advertisers are moving, or trying to move, with the times to reach consumers to drive sales up, to drive revenues up in order to stay in business.  

Of course, the advertisers will have an easier job if corporate remembers 


Marketing: Find a Need & Fill It. 


Mall Real Estate is poised (positioned nicely) to be repurposed.   

This will reduce the downward pressure on revenue streams that arise from rising city rents; the repurpose will increase foot-traffic thus answering any business renter’s prime question.


“Will I have customers?”



The Difference?


I am an expendable customer.  If I don’t like your products or services and I take my business to another "store". The Point?  The other customers don’t care. 


The other "store" is the threat.


You sell black and white television sets. Your competitor sells colour television sets. You lose not one but many customers, market share, and revenues. You change your product line or go out of business.  


Does that sound contrived? Simplistic?


Silent Films v. Talkies

Black and White television programs v. color.

35 millimeter v. Digital Cameras v. i-phone Cameras.





Media Middleman 


A few years ago I said, “Newspapers are in the advertising business. They sell ad space to advertisers and sell advertisements to the readers.  However, people won’t spend a dollar or two for advertising, so newspapers give away the news as an inducement to buy the ads.


Television works on the same paradigm. 

“You sell commercial time to the advertisers. You sell commercials to the viewers.   

However, the viewers won’t pay for commercials, therefor you give away the TV shows as an inducement to watch the commercials.   

When that business model is disrupted, your company and your industry are endangered.
 

 

Now!

Younger audiences are buying (paying for) games, apps, or downloading free apps. They are not watching your programs.  

The inducement to watch commercials is losing all potency.


If you find any of this to be helpful, please don’t hesitate to send me a really tricked out MacPro or i-Pad and to tuck a few dollars into the envelope along with the thank you note.


Warmest regards,

Slim


Copyright © 2016 Bob Asken
All rights reserved.