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Advertisers
juggling between reach and cost figures may now have an innovative
solution in Magnitube, a cost effective option from Starcom
Digital.
Starcom Digital, the digital media division of TLG, has combined
the two tubes - television and the ubiquitous PC, hitting
out at the target audience on TV and luring him to the Net,
helping the advertiser reap exponential benefits. Born out
of the small budget advertiser's necessity for increased reach
with a limited kitty, Magnitube offers a delectable advantage
to the advertiser - that of tracking consumer interest through
the internet page views.
For advertisers who have long been sceptical of spending on
banner ads, while splurging on TV, Magnitube helps build a
synergy between the two. And for those who have stayed away
from TV due to the prohibitive costs involved, Magnitube claims
to give the benefit of cross promotion and thus revenues,
besides helping the cost effective index to soar at least
10 times. Television, says Starcom Digital head Madan Sanglikar,
provides the reach while the Net allows interactivity and
involvement with the brand.
Starcom tried out Magnitube on Chromozome, the international
male innerwear from Huechem Textiles. The brand was advertised
on the Laugh Out Loud segment of Zee English (which includes
cult series like Friends and Full House). Apart from ads,
promos guiding viewers to play contests based on the LOL series
on the Contests2win site were also sun on the Zee network.
Viewers logging on to the site could check out the various
designs of the brand and also win prizes based on the answers.
The scheme has apparently paid rich dividend.
The symbiotic deal apparently paid rich dividend for both
C2W and Zee, allowing for cross promotions and increased revenue.
"For Chromozome, the cost effectiveness index soars 10 times
more than that, had this deal been structured in the conventional
form," says Sanglikar.
Magnitube, he says, also has the scalability to benefit clients
who are high spenders on TV but need targeting and accountability.
The module is basically designed to target the SEC A + category,
which embraces most of the Net users in the country. This
segment is essentially the youth and office goers, and children
and women to a lesser degree. Apart from FMCGs, financial
products and services (who currently contribute 80 per cent
of total advertising) could also use Magnitube to advantage,
feels Sanglikar. The Net is also turning into the preferred
medium for contests and quizzes, and several horizontal portals
in the country offer themselves as ideal vehicles for the
interactive advertising envisaged by Magnitube, he says.
Online advertising in India during 2001 was pegged at Rs 400
million, a fraction of the total adspend in the country. However,
with the Internet as a niche medium growing fast in the urban
sector, the advertising industry sees a growth of at least
15 per cent in the current year.
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