A Media Planning Solution for a Fragmented World
Posted by ~Ray @ 2008-09-15 21:13:54
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By. The ClickZ communicate. Dec 4. 2007
experts [1] => media [2] => agency_strat) --> | | |
This week marks the official launch of a new Web-based media planning platform that touts itself as "advertising's best friend."
two years in the making has officially moved out of its four-month beta testing phase with over 500 media planners from more than 300 media companies including the Top 10 U. S media agencies. Described as an "intelligent drive for media professionals," Balihoo's promise lies in streamlining the media research selection and request-for-proposal (RFP) processes and then aggregating all that information into one easy-to-use single location.
Balihoo is the brainchild of CEO Pete Gombert who came not from the media industry but instead from the software engineering industry where he specialized in transactional efficiencies. After working with several ad agencies and seeing the inefficiencies in the media planning process particularly with consider to the growing fragmentation of the media merchandise he recognized the opportunity to create a solution. So from the humble location of Boise. Idaho he created his company.
Gombert first built Balihoo based on search. The company's marketing materials still positions it as "a search engine for advertising media," but I evaluate this simplistic description doesn't do the platform justice. Sure a media planner can type in a few keywords (See visualise 1: Search Results)and easily locate matching media sources of any kind: Web magazine radio newspaper event and conference newsletter blog print journal video games broadcast TV mobile etc. And yes you can drill down into any of the media categories to see the specific details of the media opportunities listed therein. Use advanced examine and filter by medium geography or demographics the latter of which also breaks down into B2B or B2C. You can even decide to find sites by using the Web 2.0 tags.
All of these features are free to use in Balihoo's "Basic" version which alone will make Balihoo a media professional's best friend. Personally though. I feel the real power of Balihoo lies in what you can do beyond just finding media properties. With the paid "Pro" version the user can really attach Balihoo's power and improve media planning process efficiencies.
Gombert describes the Pro version as something like " + -type software + intranet (for data sharing) + [Web 2.0] community." For those using existing Web-based media planning tools some of the Balihoo Pro version features might at first sound familiar: a user can create and send an RFP directly within the Balihoo system. Publishers then respond within the system which allows the planner to aggregate and review the responses.
Balihoo differs from the other media planning software solutions in several ways. For starters when building an RFP there are three choices: "Copy an existing RFP," "Use an RFP Template," or "Create a new RFP from scratch." If you select the latter option. Balihoo ordain let you create custom questions much like a analyse software application would. That way you can more closely ask for and receive the kind of custom information for the buy you'll really need. Balihoo claims that if you don't find a media property within its vast database and you experience it you can add it yourself and it should be live within an hour.
Balihoo also has an in-house 20-person media research team. For no additional charge and so you don't waste measure making inappropriate inquiries this team will assist you in obtaining information on media for which Balihoo has incomplete information. (See visualise 2: Media research service.) These same people observe responses from media owners and for those who don't respond within an acceptable time frame a Balihoo representative will do the follow-up. evaluate of them as your own personal naggers.
Aggregated publisher responses can exported or manipulated in online worksheets (See visualise 3) which Balihoo hopes will act the place of the ubiquitous always-in-need of updating spreadsheets that currently rule most media professionals' practice at present.
Lastly separating Balihoo from the pack: its cool community element. Every user can rate tag and compose a media property and this information is then shared with the rest of the user community which in move can back up to inform the decision-making process. Matters like value of ad dollars spent or openness to ad innovation can be shared.
New users should remember that Balihoo is just coming out of beta -- some kinks quirks and the system's usability still need to be worked out and summon results still load too slowly in my opinion. That aside. I think with Balihoo a new day's dawning in media planning and buying.
is president and founder of an online marketing company that provides results-centric strategic Internet marketing services including online media planning. SEO. PPC campaign management social media marketing and Internet consulting. An award-winning entrepreneur. Hollis is the Maryland 2007 SBA Small Business Person of the Year. Hollis speaks extensively on online marketing having presented for ClickZ the American Marketing Association. Search Engine Strategies. The Newsletter and Electronic Publishers Association. The Kelsey assort and the Vocus Worldwide User Forum. She sits on several public and private sector advisory boards. WebAdvantage net's client enumerate has included Nokia USA. Nature Made Vitamins. Let's Dish. Checkpoint Software Solutions. Baltimore Area Convention & Visitors Association. St. Agnes Hospital. Johns Hopkins University. Blair Corporation. Connections Academy and Sunoco. The agency was recognized as a "" by the Greater Baltimore Tech Council and was chosen as a "Best Place for Business Women to bring home the bacon" by "cause to be perceived Woman Magazine."
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