Competitive Analysis
Q: We are a marketing communications
firm that does web site and CD-ROM development,
web advertising and other forms of online
merchandising, in addition to traditional
marketing/advertising. We have a client who is
interested in finding out traffic information and
statistics for the sites of its competitors. Can
you suggest a source? - Beth F.
A: I am someone who loves competitor
intelligence, especially the kind that's
relatively easy to get. Competitor ad spending and
competitor site data has never been easy to
obtain. You could rely on InterWatch data
(Formerly Jupiter AdSpend) for competitive ad
spending and publisher revenue. I've found the
data to be neither accurate nor timely, but it
provides an apples-to-apples comparison of sites,
and is the only service of its kind out there. For
a few thousand dollars, it's at least interesting
to glance through.
Keep in mind that NetRatings
and Media
Metrix provide competitive site traffic and
usage reports, providing demographic analysis by
site. I was recently given a hands-on
demonstration of the NetRatings system by Vice
President of Sales Bob Hooven. And I must say, I
was pleasantly surprised.
What has been positioned in the market place as
a "ratings" service, is truly much more.
NetRatings actually offers the ability to perform
competitor intelligence - in fact, advertising
competitor intelligence. With a few clicks of the
mouse and some diligence, you can determine what
advertisements your competition used, where they
were linked to (and go there), where the ads were
placed, how each ad performed, how many
impressions they received, the demographic profile
of people who viewed the ad and so on.
The power of the NetRatings system is
remarkable, but it does have its drawbacks.
NetRatings scans thousands of banners each week.
However, many banners receive too few impressions
to be accurately accounted for. Consequently, the
most active banners are used.
In addition, you must put some time into
sifting through all the ads, since the ads are not
marked by advertiser, nor are they categorized by
segment. NetRatings does aggregate like-banners
based on their individual pixel code, regardless
of their names. And NetRatings is just beginning
to integrate rich media banner tracking into its
system. As you might guess, rich media presents
some technical difficulties.
The bottom line: With some number-crunching
fools or data fiends, you can pull NetRatings
data, and overlay it with InterWatch AdSpend data
(if it is timely enough for you) to determine
spending levels by site. You may be able to
approximate competitive creative burn-out levels
(hence, effectiveness) by analyzing historical
reach, frequency and performance data. Overlay any
other information you'd like, and you can manually
develop some pretty cool competitive analysis
models.
Media Planning Tools
Q: What is your opinion of the online
planning software packages such as Media Metrix,
@plan, MarketMatch, and so on. How would you
compare them? How useful do you feel they are? --
Donna M.
A: I want to start by distinguishing a
media planning tool from a data and ratings
service. I see @Plan, AdKnowledge's
MarketMatch, and components of IPRO Dispatch and
Perceptual System's ActiveAd as media planning
tools. I see Media Metrix and NetRatings as rating
services (or perceptions).
Of course, you can purchase both. You'll find
that tools like MarketMatch make the ratings data
more useful. MarketMatch applies the data in a
planning system which is exactly why MarketMatch
supports nearly all of the aforementioned rating
services.
Sure, you can use a rating service as a media
planning tool. But it's more than likely that was
not the design intent. However, there is a trend
for rating services to evolve into media planning
tools. MediaMetrix (former Relevant Knowledge) has
released a media planning version of its
service.
I personally favor the @Plan system as an
all-encompassing media research tool. @Plan has
partnered with Gallup to create unique and
original data everything from age, gender and
income to what color your toothbrush is.
Unfortunately, @Plan hasn't given me the
full-blown demo, so I can only rave about what
limited information I've seen, heard and read.
Second in my pick for media planning tools is
MarketMatch from AdKnowledge. MarketMatch was the
first and is the most established of all tools. It
can integrate several data sources like Simmons,
NetRatings, MediaMetrix and MRI. In addition,
MarketMatch has become a component of a bigger
planning and executions suite from
AdKnowledge.