Where are businesses investing their advertising dollars?
Recently Marketing Magazine published a survey of where Canadian advertisers are spending their advertising dollars in 2007. The three Prairie Provinces account for 17.6% of the ad dollars spent in the country that’s 381.2 million out of the total pot of 2.2 billion. Canadian advertisers spend: 23.2% on Television spots 18.1% on Daily Newspaper ads 11.9% sending catalogues and direct mail 10.3% is invested in radio ads 9.3% goes into Yellow page ads 8.7% heads off into internet 5.1% ends up in Magazines 2.9% is sent outdoors 10.5% goes into the Misc. category TV advertising grew only by 7.5% in 2007 over 2006 The internet saw big gains scoring a 37.9% increase Newspapers held their own dropping just 2.4%. Radio went up 5.7%. Outdoor rose by 14.1%. If you are not investing 1 to 3 percent of your gross sales or are wondering what the perfect mix is for your business please call me. I can help you invest your marketing dollars where they will make you money.