PropTechNOW

Thinking about your ad spending?

3 minute read

It seems advertising agencies are really in a spin as to where large companies should spend their money. For the most part advertising in Australian Media is really left to the big boys.

But has anyone actually sat back and said, ‘hang on – if so many people are spending so much more time online and are not watching as much TV and listening to as much radio, then why are the figures not telling us this?”

This is because in my opinion the whole way that these things are added up are simply wrong. As an example, I had a little get together last week and I asked a few questions to the 15 guests at a BBQ.

1. How often do you watch TV?
3 people said they never watched TV at all, but sometimes hired a DVD. 4 people rarely watched TV, 3 people told me they watched TV every night and the remaining 5 told me that their TV habits have changed so much and that they watch much less TV than they did only a few years ago.

2. How often do you listen to radio?
6 people never listen to the radio, 4 do only on the way to work (in their car) and 5 listen to a couple of shows in bed at night.

3. How often do you buy the newspapers?
3 never do, 12 always buy the Sunday Papers, 8 buy that Saturday papers as well (and all of these 8 mentioned the property guide) but only 3 purchased the midweek papers.

4. Use the Internet?
14 people use the Internet everyday. 1 uses the Internet every other day and all use the Internet for researching property. In fact 12 told me they look at property at least 4 times a week online.

Now all I can say is that I think companies should really do their own research, I have to say that of all of my friends are pretty much free thinkers and as much as I hate the term (a little left). But it does tell me that all of the research that goes into TV viewers each week is a little pathetic and hardly a true indication of who actually watches TV.

The problems everyone has is that so many companies make money out of TV, Newspapers and Radio advertising and these same companies make very little out of Internet advertising that it makes it hard for large companies habits to change. The last companies I would trust as far as spending my money on marketing would be advertising agencies or ad buyers.

It simply comes down to results and they will vary from city and region, but do not trust just what you are told, do some research yourself. There are a few Google Adword specialist companies out there and one of the bloggers on here does this kind of work.

I would suggest pulling some kind of advertising from another sector, if only for a month or a week and place a little money into marketing your won website through a Google Adwords campaign, you may be pleasantly surprised!