Are You Living In The Past?

There is an old perception among TV people that “everyone watches the Olympics”. Because of this, the old broadcast networks of ABC, CBS, NBC and Fox usually air reruns of regular shows instead of new episodes. (NBC is the official network this year).

However there are millions of people who are not going to watch because they either have no interest, or time to watch. Our TV viewing habits from 40 years ago simply are not applicable in 2022.

Live TV viewership is a fraction of what it was. Screentime has increased when you count our phones, laptops and tablets but what we watch and how we watch is radically different.

In the middle of the 2022 Olympics we have the Superbowl. This one live sports event is guaranteed to have more viewers than any single event of the Olympics.

My take away for all this is to question things you are doing that may be outdated but you keep doing them anyway.

And since I write about media and marketing, this caught my attention because the couple of TV programs my wife and I like to watch are in their winter hiatus and it’s going to be a few more weeks before they present new episodes.

No, I’m not going to switch from watching NCIS to Figure Skating this month.  I’ll find something else to do with that hour of my life. Much of the media I consume is by appointment. Not all, but nearly most of it when it comes to TV.

What is “by appointment”?  It’s the ability to watch what I want when I want.  The emphasis is on the when.  As a baby boomer who grew up without this option, I really like it now.  In our house we cut the cord a few years ago an instead use streaming services.

Amazon Prime I’ve had for years originally for the free shipping since we have many family members out of town, but we also use the video platform to watch stuff, “by appointment”.  YouTubeTV is our main replacement for Xfinity and we have a choice to watch something live or recorded.  The shows my wife and I used to watch live, like NCIS, we now watch on the weekend, at a time that works for us “by appointment”.  Because of this, we don’t get any local TV commercials.  If your business is trying to reach me by spending money with the local TV stations, it isn’t working.

My screen time is further divided up between other streaming services including Hulu, Netflix, HBO+, Paramount and Peacock.  No, I don’t watch all of these, but they are coming into my house and maybe my wife has a show that she watches on these streaming services.  The point is, you need to reconsider where you place your advertising and see if the expectations and results that you had in the past are even achievable today.

I’m not just picking on TV by the way.  Printed media has undergone tremendous changes too. Newspapers, magazines and remember the phone book?  Are you still paying for ads in any of these because it’s been traditional and you want to do what Dad and Grandpa did to build the business?

I must caution you however,  there are some value to nearly any kind of marketing you do, but you have to understand the return on investment principles and other factors and not just continue because the advertising salesperson had a slick sales pitch.  I’ll be talking more about some of the specifics in the weeks ahead, and if you want my help now, reach out to me.