Have you ever bought something you saw on an Instagram ad? That’s why paid media marketing (aka ‘media buying’ or ‘media planning’) works!
Media Buying refers to the process of buying space and time for your company’s advertisements. You can buy ad space on a ton of different channels – TV, radio, podcasts, social media, billboards, newspapers, etc. Media Buying departments completely vary by company, depending on how the company wants to spend its money and its demographic. At one of my past companies, the media manager supervised the media buying “mix” (the combination of different ad channels), and she had the final sign-off on campaign strategy and budgets. Her media analysts each handled specific channels’ negotiations. Someone worked on placing ads with fashion media sites, another person worked on Facebook and Instagram ads, and so on. This is a form of paid media (see more on the 3 different types of media here).
It’s trendy to focus on the digital marketing aspect of media buying – placing ads with Facebook, Instagram, Youtube, Pinterest, and other social channels. This is a really highly-demanded role right now, so I’ve written a separate post about that here.
[Examples – billboards, magazine ads]
No matter which channel you buy media for, it’s a fun role because you’re responsible for bringing a marketing campaign to life. Your decisions directly affect the number of eyeballs that the company gets.
Main Responsibilities
- Receive the campaign specifications from the media planner (or collaborate with the planner on this)
- Identify a target audience(s) and how to resonate with them
- Research competitors’ strategies
- Communicate and negotiate with the platform that’s selling the ad space
- Procure amazing creative assets for the ad
- Launch your ads
- Monitor consumers’ responses and analyze the result
- Reflect on the campaign and write learnings for next time
For Example
If you’re a Media Manager for an online pet supply store, you might:
- Create a strategic campaign after reviewing the budget, quarterly goals, and historic successes
- Place a few different ads on Instagram to test the best messaging, images, and promotions
- Work with the Creative department to run a photoshoot with lots of cute puppies for the next set of ads
- Supervise a media analyst as she monitors the daily performance of the ads
- Research other advertising channels to see what might make sense (podcast ads, Snapchat ads)
- Write a report for the CMO on the campaign’s impact on revenue
Other Helpful Reads
- Book review : The Analytical Marketer
- EdX:
- Examples of amazing paid media
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