QR CODES- It's time to utilize!
It first started in the auto industry a couple years back to track the movement of parts used in auto manufacturing. From that point it has evolved into a marketing and advertising tool. This evolution has run parallel with the new generation of "smart phones" and this co-development is ready to launch into a great marketing marriage! Their first use arrived in-store as an addition to traditional product labeling but in the last year or so QR codes have begun to appear in advertising print media, business cards and point of purchase displays. Basically the QR Code (Short for Quick Response code) is a square matrix of black and white squares that, when scanned by a smart phone ap connected to the phone's camera, provides immediate information on a product or service by providing an email or linking directly to a business website landing page.One questionable use of QR code in the advertising industry is the use on roadside billboards, because a driver would be fairly distracted, and probably need to slow down considerably to take an image of a QR code on a billboard. In fact many municipalities are already beginning to prohibit their use by outdoor advertising firms. But overall- the QR code is here to stay! During the month of June 2011, according to one study, 14 million mobile users scanned a QR Code or a barcode. 58% of those users scanned a QR or bar code from their home, while 39% scanned from retail stores.
At Wolfmark we offer a great QR code generator that can lead a QR code scanner direct to a landing page on YOUR website! An example follows. If you don't have a QR code scanning app you can get one free from your smart phone's App store. The one I use is AT&T Code Scanner.
ADVERTISING MEDIA- What to Use?
As a retail advertising consultant the one question most asked of me is "where should I advertise?" That is not an easy question to answer as the strengths and limitations of certain media can vary greatly, from region to region or market to market. My general response is there no magic bullet and each case should be researched according to the retailers needs and goals.Generally though, the old adage of "never put all your eggs in one basket" applies. I have seen a business actually fail because a Yellow Pages rep sold a retailer on an overblown yellow pages ad package. After paying the phone bill with advertising included the retailer had NOTHING left over to do any other marketing! Also, this was just at the point of explosion of Google and online searches and so the result was that the phone was NOT ringing off the hook- as the Yellow Pages rep had promised. It was obvious that any potential customer was flocking to the competition that were on the cutting edge of generating business name awareness.
This brings up a point that further reinforces the need "to do your research!" Advertising and marketing trends can be VERY fluid. In this era of technological advancements new ways to market products and services are constantly becoming utilized (see QR codes noted above!)
OH NO! Generalizations!
At the risk of generalizing I would make some side notes regarding "traditional" media. Please keep in mind that these views are expressed by my own experience in working in different ad markets around the U.S. and in "local buy" situations.
1. Newspaper print advertising continues it's downward slide. Regardless of the market slide it is now imperative to look at advertising packages that combine both print AND online exposure on the newspapers website.
2. Direct Mail. Used alone it is becoming less and less a viable alternative to reach a targeted market in many areas. However- direct mail does have some great potential in utilizing QR coding on pieces and combining campaigns with an online marketing effort. (See next month's Howlings for more!)
3. Radio Advertising. It's basically stagnant. From my experience it doesn't seem to be trending up or down in the last 18 months. To combat this many radio media are combining AM and FM signals to lower costs and to broaden audience.
4. TV. Since Mid 2010 TV is warming up again- some. TV advertising expenditures dropped sharply during the recession period of 2008-2009. However, in the last quarter of 2010 CBS noted a substantial rise in advertising revenues from the same period a year earlier. Even though this is not an across the board improvement for TV it does seem that the economic recovery (or whatever this period of flux is!) has prompted a return to the king of advertising- TV. - at least for awhile.
A new study detailed in Wired Magazine shows that while TV may still be king, marketing and advertising on the web is steadily gaining as the go-to medium for those wanting to share their brand message to their core audiences. In this Wired Magazine report, TV ad spending in 2011 is expected to reach $60.5 billion, with $28.5 billion expected for internet ad spending, with newspapers expected to take in $21.4 billion, radio expecting $15.7 billion and magazines expecting $13.9 billion in advertising.
reference: In10sity
