Media Plans & Budgets for 2009 – How’s It Looking?

Yes, it’s that time of year, planning.  At the recent Association of National Advertisers Conference, marketers, media and creative agencies and others participated in a poll about their marketing mix, budgets, plans and strategies for 2009.   I thought it was interesting to see the outcomes and that situations vary.  Some businesses will spend more, some less and some will spend roughly their current marketing budgets, but in different methods.

  

The following information is courtesy of an article published by “The Verified Audit Newsletter”.  We thought you’d be interested to review the results of the poll while you’re completing your own plans for the upcoming year.

 

Adjustment to current marketing and media plans to account for the recent downturn in the financial markets:

• 33% say spending will be reduced
• 33% say spending will be constant / marketing mix will be reallocated
• 27% expect to spend more
• 8% will keep everything status quo

CEO view of marketing efforts with respect to growth:

• 56% think of brand building as an investment
• 21% think it’s an unaccountable but necessary expense
• 15% are not sure
• 8% consider it an unnecessary expense

Preferred social media site for driving brand growth:

• 32% say none
• 20% say YouTube
• 18% say Facebook
• 12% like them all
• 10% say LinkedIn
• 6% MySpace
• 3% Twitter

Plans for marketing expense in 2009 vs. 2008:

• 26% plan to increase spending more than 10%
• 13% plan to increase spending less than 10%
• 28% will hold stable
• 14% will decrease spending less than 10%
• 19% will decrease spending more than 10%

The largest branding discipline offering opportunity for growth:

• 28% say social media integration
• 19% say grassroots, viral public relations
• 17% say traditional 30-second spots
• 16% say web advertising
• 7% say one-page advertisements in a newspaper/magazine
• 7% say direct marketing
• 5% say radio

Company’s current measurement method of brand growth:

• 70% say sales and net income
• 15% use third-party brand equity valuations
• 9% think shareholder value
• 4% measure by household penetration
• 3% say company culture

Source: Association of National Advertisers, October 2008