Wednesday, 9 March 2016

Why are Traditional Media Channels (TV Commercials) dying?

There are number of reasons why Tradition Advertisement is dying. Firstly, the main trends for the consumers are less time spent watching TV and more time spent online. Furthermore, the consumers have a tendency to surf other channels during commercials; therefore, it is hard for the companies to get the attention that they desire.

Secondly, putting advertisements up on Traditional Media Channels can be extremely costly. For instance, the average popular TV programs pull in about $400,000 per 30-seconds spot, and moreover, it can beup to $3.5 millions for programs such as Super Bowl.

However, the main cause of this issue is due to its one-way conversation feature. The consumers want to be heard by the companies about their opinions. As discussed above, it is extremely hard for the companies to create TV commercials that are worth their time and money. Some TV commercials such as Old Spice and Coca-Cola are well thought and successful. Some recommendations can be taken from those commercials, and they are listed below:



References:

Olenski, S. 2012. What Makes a TV Commercial Memorable and Effective. Retrieved from
http://www.forbes.com/sites/marketshare/2012/10/19/what-makes-a-tv-commercial-memorable-and-effective/#4803aef81634


Wagner, N. 2016. How Much Does Television Advertising Really Cost? Retrieved from
http://smallbusiness.chron.com/much-television-advertising-really-cost-58718.html





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