make the $ work for you - mr. prashant singh - october 2014
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CIM Conference 2014. Mr. Prashant Singh Make the $ work for you.TRANSCRIPT
PRASHANT SINGH NIELSEN INDIA
OCT 2014
MAKE THE $ WORK FOR YOU
CIM ANNUAL CONFERENCE 2014
RESEARCH INSIGHTS FOR MARKETING EXECUTION
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WHO ARE WE MARKETING TO? Different tastes, Different habits Different ways of life • We must understand differences, as differences makes it easier to look at opportuniNes • Differences would also be lifestyle and interest based
• 20 mn people
• 3 languages -‐ Sinhala, Tamil and English
• 4 different religions
• Nuclear families HOUSEHO
LDS DU
RABLES
• 5.2 MM HH
• 4.5 MM TV
• 3 MM refrigerator
• 4 MM vehicles (Cars, vans, motorbikes, trishaws)
PEOPLE
TECH
NOLO
GY
• 20 MM mobile connecNons
• 3 MM internet users
• 1.7 MM Data Dongles
LIFE STA
GE
• 9% preschoolers
• 25% school-‐going
• 15% GeneraNon Y
• 15% 30-‐39 yr olds
• 25% 40-‐59 yr olds
• 11% ReNred
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REACH Right audience
Cost efficiently deliver ad impressions to target
consumers
RESONANCE Influence opinion
REACTION Impact behavior
How much did we sell more because of markeNng?
• At conscious and sub-‐conscious level
• Track performance & impact media programming (real Nme)
• IdenNfy effecNve ad content • OpNmize exisNng ad content (compression)
REVVING UP YOUR MARKETING MIX!
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OVERALL INVESTMENTS
~30% IS WASTED
$1 TRILLION globally a
year
$1 TRILLION globally a
year
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BRINGING LEARNINGS ALIVE THROUGH NORMS
44+ countries
3 Approaches
172+ brands
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THE TIME FRAME OF COGNITION
2011 © NeuroFocus, Inc. All Rights Reserved. Confidential and Proprietary.
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DID MY CAMPAIGN REACH THE DESIRED AUDIENCE? • Reaching the desired audience is criNcal, total impressions are less
important
431
160 100 100
219
469
MATRIMONY SITE GENERIC SITE JOB SITE
DESIRED AUDIENCE REACHED IMPRESSIONS
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REACH AUDIENCE THE RIGHT WAY: KIDS V/S TEENS
KIDS TEENS
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ADULTS KIDS
CURRENT PRACTICE UNCOMMON SENSE
TIME SINCE MOST RECENT GRP
% RETEN
TION
ADULT MEDIA EXPOSURE CAN AFFORD LESS CONTINUITY
MEDIA EXPOSURE 18-‐34 YEARS
VS. 2-‐12 YEARS
3X
ADULTS VS. KIDS
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THE GENDER DIVIDE!
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EFFECTIVE AD CONTENT
Source: Nielsen Brand Effect Meta Analysis
ENTERTAIN FIRST
EDUCATE SECOND
ATTENTION
CHOOSING RIGHT AD CONTENT: CONTEXT IS KEY
EMOTION
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SHORTER CAN NOW BE MADE STRONGER Find out the most opNmum campaign duraNon for your ad
SHORTER CAN BE STRONGER
TV MEDIA: NO MESSAGE CHANGE
70% ARE :30+ SECONDS
70%
100 100
150
70
TV EffecNveness ROI Index
15 Sec versus 30 Sec
15 sec 30 sec Country India Time points: For all m models executed up Nll 2012
CURRENT PRACTICE UNCOMMON SENSE
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ORIGINAL ~30 sec NEURO-‐COMPRESSED ~11 sec
IMPROVING EXISTING AD CONTENT EFFECTIVENESS
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5 Key Metrics (Memorability, Brand, Messaging, Ad Likeability, Purchase Intent)
Source: Nielsen
Ad Memorability Brand
CommunicaSon Breakthrough Message
CommunicaSon Appeal
Brand A – Campaign A 30% 29% 9% 71% 28%
Brand A – Campaign B 54% 68% 37% 71% 53%
Company Average 41% 47% 19% 66% 46%
TRACKING AD CONTENT PERFORMANCE
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MOTHER BRAND VS. EXTENSION
60% to 70%
PARENT BRAND MEDIA SUPPORT
PARENTS ARE MORE SELFISH THAN WE THINK
45% 19% EXTENSION
TO PORTFOLIO
MOTHER TO
PORTFOLIO
Determine the cross brand halo impact and support your new iniNaNves well onto 2nd year
CURRENT PRACTICE UNCOMMON SENSE
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BTL Synergy
ATL
Year 1 Sales
Year 2 Sales
5-‐8% of growth
OF SPENDS ARE SEPARATELY MANAGED & EXECUTED
80%
Find out which execuNons give you incremental volumes through synergy
Country India Time points: For all m models executed up Nll 2012
CURRENT PRACTICE UNCOMMON SENSE
GAIN INCREMENTAL GROWTH THROUGH SYNERGY
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51%
32%
17%
below range
within opNmal range
above range
GRP spending paqern
• Find out the opNmal GRP range for your brand. • Neuro-‐focus learnings suggest only 15% brands benefit from frequency.
• Country India
• Time points: For all models executed unNl 2012
ROI decreases by invesNng beyond point C
CURRENT PRACTICE UNCOMMON SENSE
DID I SUPPORT IT RIGHT?
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• For brands that decline, ad support is generally cut significantly versus Year 1 support.
• Ideally, a new product should be thought of as “new” for two years rather than one.
1.06
0.49
Up/Stable brands Declining brands
Ad spend raNo (Year 2/ Year 1)
Source: Nielsen Bases Meta analysis of 560 brands
SUPPORT YOUR INNOVATIONS
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Online delivers highest ROI in Asia-‐Pacific
0.60
1.23
0.94
0.54
0.76
TV ONLINE MAGAZINE NEWSPAPER RADIO
UPLIFT FOR EVERY DOLLAR SPENT
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-‐3.1
-‐2.1
-‐3.2
-‐4.7
PPE RPE
ADVERTISED BRANDS NEED TO BE ABLE TO HOLD PRICE PREMIUM • Do your adverNsed brands command a 8 – 10% higher price premium? • Is your promoNonal price elasNcity / regular price elasNcity > 2?
100 110
AdverNsed brands
Non-‐adverNsed brands
AVERAGE PRICE DIFFERENTIAL BETWEEN ADVERTISED AND NON-‐ADVERTISED BRANDS
DIFFERENCE IN PPE AND RPE BETWEEN ADVERTISED AND NON-‐ADVERTISED BRANDS
AdverNsed brands
Non-‐adverNsed brands
PPE:RPE RaNo 2.2
PPE:RPE RaNo 1.0
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LEVERAGE THE 3RS TO MAKE THE RS. WORK!