TRA: TV Branding Efforts And Ads Touting ‘Lower Prices’ Are Not Enemies
March 29, 2012 – 5:46 pm
There is a longstanding idea that if a consumer packaged goods marketer is trying to build brand affinity around a message of "quality," it's a bad idea to run an ad elsewhere highlighting that same product as having a "new low price." The thinking is that the messages naturally cancel each other out: either consumers are looking for "the best in class" of a product, or, they're watching their wallets.
While that may be true in a general sense, better targeting can erase that disconnect significantly, according to a joint study presented at this week's Advertising Research Foundation annual convention by TV ad data company company TRA and in-store analytics specialist Dunnhumby.
"The common sense of the last 10-, 20 years about doing a simultaneous branding campaign and one centered on temporary lower prices was wrong," said Bill Harvey, TRA vice chair and chief research officer, in an interview with TVExchanger. "We've been able to overturn that thinking because targeted advertising and granular data about shopping habits give us a closer picture of how to attune those two messages together in a coherent way. General market research gives you a best-dressed guest, it doesn’t give you details. It has often said that if you’re doing a price discount, don’t do TV advertising. If you’re trying to motivate a buy because the price is lower, while TV ads say that the product is better, it creates confusion. But that's not necessarily the case."
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