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Owned, Earned and Paid Digital Media

08 April 2016 Written by 
Published in Internet Marketing
Owned, Earned and Paid Digital Media Owned, Earned and Paid Digital Media Gavaar

The digital world is driven by technological tools, data and people. There are various digital assets we need to invest in; directly or indirectly to have an edge in today's competitive world. All your digital marketing activities takes place on various platforms and you have different measure of control over each. There are 3 basic digital assets:  

Owned Media are digital platforms you have control over. There are fully-owned media and partially-owned media. Your website is an example of a fully owned media, while your various social media accounts are examples of partially-owned media.

Paid Media are basically paid advertising or media that are acquired by direct or indirect purchase. Some people argue that paid media is dead, but that's quite untrue, as there is no other media that can give instant results and scale that paid media gives.

Earned media are driven by your audience, and it is generally called word-of-mouth advertising.  You need to learn how to listen and respond to both the good (positive organic) and bad (spurned), as well as consider when to try and stimulate earned media through word-of-mouth marketing.

 

Below is a table explaining more features of each media:

 

Channel

Definition

Examples

The Role

Benefits

Challenges

Owned Media

Channels a brand controls

-website

-Blog

-Twitter

-Facebook

Build for longer term relationships with existing potential customers and earned media

-Control

-Cost Efficiency

-Longetivity

-Versatility

-Niche Audiences

 

-No guarantees

-Company communication not trusted

-Takes time to scale

Paid Media

Brand pays to leverage a channel

-Display Ads

-Paid Search

-Sponsorships

Shift from foundation to a catalyst that feeds owned media and creates earned media

-In-demand

-Immediacy

-Scale

-Control

-Clutter

-Declining response rates

-Poor Credibility

Earned Media

When customers become a channel

-Word-Of-Mouth

-Viral

-Buzz

Listen and respond. Earned media is usually a result of well-organised or well-executed owned and paid media

-Most Credible

-Key Role in most sales

-Transparent and lives on

- No Control

- Can be Negative

- Scale

- Hard to measure

 

Michael Abisuga  

Idea-to-Reality Strategist  

This email address is being protected from spambots. You need JavaScript enabled to view it.   

Call or WhatsApp this number to get more details: 08061126646 

 

  

 

 

Read 1242 times Last modified on Friday, 08 April 2016 16:15
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Michael Abisuga

Idea-to-Reality Strategist

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