The Role of Advertising Agencies in the New Media Marketplace
Advertising agencies have seen themselves transformed since the early 1990s. Only a few decades ago, there were a very small number of media buying agencies that controlled the consumer advertising field. However, there were also far fewer different advertising opportunities back then, before the World Wide Web reached into nearly every home and satellite television became available to consumers. This explosive growth in the number of advertising media has leveled the playing field to a large extent and now many advertising agencies have taken on the role of media buying and media placement agencies in addition to their traditional functions.
The enormous numbers of new advertising media made available since the inception of internet advertising in the mid-1990s have forced agencies to adapt to a changing environment. They now specialize in online media buying and help publishers and advertisers to arrive at terms which work well for both parties.Any firm which hopes to make it as a media buying agency in this new media environment has to adopt a results-driven strategy. The clientele of media buying and advertising agencies are increasingly savvy about online advertising and demand detailed monitoring and tracking results. Advertising agencies who work in new media buying now make a point of tracking direct consumer response in terms of sales, brand awareness and product profile in the minds of the targeted consumers.
If your business is looking for an agency to handle your media planning, placement and buying, you’ll want to evaluate the following as you weigh the merits of different agencies.
o Does this agency have a good reputation for offering effective online advertising solutions?
o Do they have a proven track record of success in the media advertising markets your company wants to use to reach your target markets?
o Has this advertising agency hong kong worked with other clients trying to reach a similar consumer demographic?
o Is their graphic design and creative work up to your standards?
o Is this agency known as a shrewd negotiator?
Obviously, there are a lot of other pertinent questions you’ll want to ask as well – these are just a few of the most important things to look for if you’re considering partnering with an agency or a media buying agency to help you get your message across.
If your business wants a fuller spectrum of services, such as graphic design, branding, copywriting and public relations in addition to online advertising and media buying, seek out advertising agencies which offers everything you need. It’s a lot simpler (and usually much more cost effective) to have a single firm take care of all of these jobs than to work with a dozen different ones. The right advertising agency can offer your business solutions which drive sales, increase consumer awareness, strengthen your brand and more; all in a way which gives you a great return on investment. Choose wisely; a partnership with a talented agency which can handle everything from public relations to media buying is worth its weight in gold.