The process that media planning and buying agencies typically follow can be broken down into the following steps:
- Understanding the client's business: The agency first seeks to understand the client's business, including their products, services, target audience, and marketing goals.
- Identifying target audience: The agency uses data and insights to identify the target audience for the media campaign, including demographics, psychographics, and behavioral characteristics.
- Setting campaign objectives: The agency works with the client to set specific objectives for the campaign, such as increasing brand awareness, generating leads, or driving sales.
- Developing a media plan: Based on the client's budget, objectives, and target audience, the agency develops a media plan that outlines the optimal mix of media channels, such as TV, radio, print, digital, or social media.
- Negotiating rates: The agency negotiates rates with media outlets on behalf of the client to ensure that they get the best value for their budget.
- Implementing the campaign: Once the media plan is approved, the agency implements the campaign, including producing creative assets, scheduling media placements, and monitoring campaign performance.
- Tracking and optimizing performance: The agency tracks the performance of the campaign using various metrics, such as impressions, clicks, conversions, and ROI. They then optimize the campaign based on the data to improve results.
- Reporting and analysis: The agency provides regular reports to the client on the campaign's performance, including insights and recommendations for future campaigns.