The Most Important Media Mix ROI Study of All Time

I was distressed wondering how I could deal with such a naamp239ve viewpoint in the subsequent class which would be my last opportunity to help these students before they were thrown into the abyssFortunately for me and the industry the problem had been solved in advance As is often the case mytheir savior was the Advertising Research Foundation ARFDuring her tenure as head of the ARF Gayle Fuguitt and her team had brought about possibly the largest ROI metaanalysis in history Over 4000 different global case studies of the ROI of advertising from a bluechip list of research companiesThe study shows conclusively that the more media you use the greater your ROI will be all other things like creative being equalWhen I saw the results I was reminded of my first year in the business sitting in his office captivated by every word that proceeded from the mind of the brilliant Larry Deckinger Executive Vice President of Grey my first post On one occasion I had the temerity to ask if Grey had a way to ensure that we would get a client the roster included PampampG a sales increase Larry said quotAdd a new mediumquotThat is exactly what the ARF How Advertising Works HAW study amp8211 also known as quotGround Truthquot showsLet39s look at a few slides to see for ourselves These are the version of the slides I39ve adapted for the ARF NYU certification course now being offeredThese four slides were eyeopening for the students They realized that their prejudice in favor of social media was individual to them and their cohort and had blinded them to the reality they would face in their jobs in the real worldThe contribution made by the total study far more than these few slides has rarely if ever been equaledFuguitt herself is more modest and places the work in line with the ARF Adworks study powered by IRI Behaviorscan and by the foundational studies done by the early giants including Beth Lubetkin Gian Fulgoni John Malec George Garrick Len Lodish and Gerry Eskin She also credits her ARF team including Horst Stipp and Jasper Snyder She even credits me for my contribution of TRA crossplatform findings and RMT context effectsWhat are the practical implications Brands and their agencies ought to immediately consider adding more media types with measurements set up to detect the incremental results That includes for example radio outdoor and printAnd the final question As an industry we are loathe to act on results unless we can explain them to ourselves and believe the explanation Why does X tactic eg more different media deliver higher salesTwo reasonsSaturation effects which manifest as the diminishing returns curve The more one pours additional money into one medium the less one gets back from the last dollar invested The classical reach curve If one switches to another media type when the reach curve starts to flatten and does this again when the second medium flops over and so on one is practicing a strategy for maximizing not only reach but ROIBrain encoding Less is known about this aspect of media mix but serious scientists like Dr Richard Silberstein believe there is reason to expect that more complex forms of brain encoding would increase the probability of a new brand attribute to make it into longterm memory There is still work to be done here to verify the hypothesisIncrease the media inclusiveness Even if you have been avoiding certain media types for some reason test its inclusionThousands of research studies can39t be too far wrongThanks again ARFClick the social buttons to share this story with colleagues and friendsThe opinions expressed here are the author39s views and do not necessarily represent the views of MediaVillagecomMyersBizNet

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The Most Important Media Mix ROI Study of All Time

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Bill Harvey

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