What is Traditional Media?
Traditional media refers to advertising channels that have been used for decades. These are the tried-and-true methods that businesses have relied on for years. These channels can be pretty effective, and for many businesses, they account for the entirety of the advertising budget.
One characteristic of traditional media is that it requires a large advertising budget. For that reason, and because of the emerging popularity of new media, businesses are starting to diversify their marketing strategies to include less traditional mediums, as well.
What is New Media?
New media can best be described as digital channels that have gained popularity in the advertising space in the last decade or so. As more and more consumers rely on their cell phones for everything, new media has become an increasingly effective way to advertise.
Traditional Media vs New Media
While traditional and new media can go hand-in-hand, there are a few reasons why you should consider adding new media to your mix over expanding your use of traditional media.
Value
New media is often far less expensive than traditional media. Not only do you pay less for your advertisement, but you also pay less per person that you reach.
Communication/ Interaction
New media tends to be much more interactive than traditional media, as well. New forms of media such as social media allow for direct communication and interaction between business and consumer.
Data-Driven
New media is highly data driven. You have access to exactly how many eyeballs saw your banner ad, for example, or how many people visited your webpage.
Level Playing Field
Social media, in particular, provides a level playing field for all businesses. It doesn’t take exorbitant amounts of money to grow your business using social media.
Cost Efficient
On a related note, new media is also more cost-efficient. Spending money on new media will likely yield a higher reach than spending the same amount of money on traditional media.
Accuracy
An added bonus of new media is the accuracy of its results. Unlike with TV ratings, new media allows you to comb over results that show you exactly how many people saw your ad, how long they viewed your ad for, and whether or not it led to a click-through.
Trust
Having a presence on social media allows businesses to establish a sense of trust with consumers. We tend to trust our friends, and if a consumer follows you on social media it implies that same sense of trust. This also helps promote effective word of mouth advertising.
Real-Time Results
Unlike traditional media, the results you receive from new media are often in real-time. That allows you to make instant changes to your creative in order to achieve maximum effectiveness. It also gives new media a leg up over traditional, where it often takes time to see the results of a campaign.
Global Reach
New media has a global reach, whereas traditional media tends to be highly regional. With new media, you are able to reach the entire globe for a fraction of the cost.
Choice of Audience
New media is highly targeted, and just about everyone uses it. That means you can have your choice of audience.
Virality
Truly effective new media has the potential to go viral. Your content could be shared with millions of people, boosting both your credibility and your image.
Effect on Consumers
New media can make consumers feel as if businesses and brands are accessible– almost as if they are friends. Traditional media promotes more separation between consumers and businesses.
Amount of Usage
In today’s world, consumers simply interact more with new media than traditional media. People tend to spend an ever-increasing amount of time engaging with their cell phone, and less and less time watching TV or listening to the radio.
Ability to Track Results / Result Tracking
When it comes to new media, the results are highly trackable. You can see exactly what demographics your ads are scoring big with, and which ones you’re missing.
Mobility
New media follows the consumer wherever they are. It can follow them right into your store.
Adaptability
New media is adaptable. You can easily switch out the content and creative of an ad or create a new sponsored social media post.
Run Multiple Campaigns at Once
New media allows you to run campaigns with multiple different creatives at the same time. This allows you to better target all demographics.
Ease of Use
Although new media can be pretty daunting at first, once you learn it, it’s actually easy to use. The results are easy to understand, and the sites are easy to navigate.
Targeting Capabilities
New media is excellent if you are trying to target specific individuals or demographics. The targeting capabilities go far beyond that of traditional media.
Customization & Personalization
New media can be easily customized to meet your business’s needs.
Marketing
Traditional media is a form of outbound marketing, where businesses send their message out to consumers. New media is a form of inbound marketing, where businesses interact with individuals who sought them out. Inbound marketing tends to provide more willing consumers than outbound marketing.
Engagement
New media allows for more engagement with consumers. Whether it’s social media or a targeted banner ad that asks the consumer a question, new media opens the lines of communication between business and consumer.
Google Doc Task: Different Media Products
On Google Classroom, please open the doc containing the table of media products shown on the right.
Copy this table over to your R093 doc and fill in with the relevant information.
For each product I need a:
- Definition
- Use in Industry (How media companies make use of it)
- Typical Target Audience
- Image
Challenge: Using Google, can you find any statistics (percentages, numbers, etc.) outlining the increasing/decreasing use of new/traditional media types. Summarise your findings.
Media Product
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Definition
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Use in Industry
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Typical Target Audience
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Image
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Video
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Audio
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Music
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Animation
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Special Effects (SFX,
VFX)
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Digital Imaging and
Graphics
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Social Media
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Digital Games
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Comics and Graphic
Novels
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Websites
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Multimedia
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eBooks
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