Which means brands are still hanging their hopes on the idea their true target happens to be watching one specific program at the exact right time.
FYI: They’re not.
TV viewership continues to decline with broadcast down 10% and cable down 7% in the key demographic of adults 18-49. And this decline is happening at an exponentially accelerated pace, with the trend toward cord cutting driving record-breaking disconnects; 762,000 pay TV customers in Q1 alone. That’s five times as many as Q1 2016.
Obviously, this is a serious problem. The traditional TV ecosystem is breaking and we must adapt. Faster.
All this means that finding your specific target in the proverbial haystack has never been harder. And even if they are watching, their attention has never been more divided. Between second-screen experiences, quick access to mobile games and social networks (not to mention the usual snack and bathroom breaks), users have more reasons to dip out during the commercial breaks than ever before.
So to grab their attention, and really get them to engage with your brand, you have to get personal.
Another idea we’ve been hearing about for years, but one that is finally here—and it works.
With Addressable TV you are able to purchase TV by audience, not program. So instead of just hoping your true target audience is watching the right show at the right time, you’re able to deliver your message directly to them regardless of what program they’re watching.
And by catering that message to their specific needs, you can pull them and engage them in a real and relevant way.
It’s the perfect combination of data-informed media and 1-to-1 marketing—a model previously only available online or in the mail, now on TV. Which means brands are finally able to make their TV dollars matter more, and track back to real business outcomes.
Now we’re not suggesting that we should do away with traditional upfronts. In fact, they are still a relatively efficient way to manage large budgets, but they simply don’t work on their own anymore. By combining the traditional upfront model with a new Addressable TV approach, you can better meet the needs and the viewing patterns of the modern consumer, while maximizing impact for your brand.
Plus, including Addressable as part of upfront TV budget planning, allows brands to lay the foundation for their audience-based TV plan with national coverage at the most targeted level possible. From here, applying the same advanced data, brands can layer additional audience approaches, for a cohesive strategy. All of this is a smart complement to a traditional linear TV approach.
And this approach also allows the creative to work harder.
Imagine this: a big brand using current TV upfronts to buy placements for their traditional brand spot, the big idea—their brand promise. Then, buying additional household placements to help bring that message down to the individual level, using Addressable TV to show a specific segment what that promise means to them.
Not only would this help brands pull consumers through the purchase funnel on the first screen, but it will also help consumers weed through a sea of marketing to get to and answer the biggest question of all: “What’s in it for me?”
And that’s a model adapted for the modern age.