Abstract
Even though advertising is a critical and expensive marketing effort, it is
estimated that as much as half of all advertising campaigns are ineffective.
To help improve the success of your company' s advertising efforts,
BioInformatics' newest report offers insights into advertising creation and
design from your customers' -the scientists-perspective.
Based upon a 34-question survey of more than 1,500 life scientists from around
the world, Advertising to Life Scientists: Evaluating Ad Concepts is intended
to help executives understand what elements are essential in shaping the
accessibility, appeal and "call-to-action" message of their advertisements. It
also provides guidance as to which publications promise to be the most
effective for print advertising based upon specific criteria important to
different customer segments. Not all scientific publications are created
equal, and the challenge for advertisers is to design memorable ads and place
them in publications where they will have the greatest impact.
The Value of Segmentation
Setting clear objectives for the ad becomes easier and measuring the success
of the ad becomes possible when segmentation is used to support advertising.
Once a life science supplier targets a well-defined market segment, this
report can be used to help identify the targeted customer' s reading
preferences, develop ads that address the segment' s unique needs and place
them in the appropriate publications.
Companies that implement an accountable advertising campaign will gain
competitive advantage not only through more effective ads, but also through an
improved and greater understanding of their customers.
Such targeted advertising requires on-going market research, which can provide
executives with an indispensable tool for setting advertising budgets,
monitoring advertising effectiveness and clarifying the relationship between
advertising costs and a company' s (or product' s) market performance.
Advertising to Life Scientists: Maximizing Ad Effectiveness can be the first
step toward tracking changing perceptions and continuously measuring the
impact of a company' s ads through more in-depth custom studies.
Print advertising constitutes a large portion of most life science suppliers'
promotional mix. While advertising is not typically associated with directly
driving sales, it can be effective in generating broad product and brand
awareness. Since advertising often accounts for sizable expenditures, it is
essential that managers have an understanding of how to manage it effectively.
Ad Concept Testing Model
In addition, this report features a first look at BioInformatics LLC' s Ad
Concept Testing service, AdAssay. Based on our unique model, this service
provides suppliers with diagnostic insights designed to improve their
advertising effectiveness. By measuring the collective "communication effect"
of an ad, i.e., its potential impact on awareness, knowledge, and likely
course of action, suppliers will be in a better position to determine whether
their ads will obtain the results they want. Better advertising can help build
brand equity and boost long-term profitability.
Through ad concept testing, an ad can be evaluated for key factors (i.e.,
actionable, emotional, intellectual and negative) and correlate these factors
with specific outcomes (e.g., likeability, ability to convey one' s message,
intent to purchase, etc.). This proprietary assessment is done using a
mathematical model, based on 15 key attributes to determine advertising
effectiveness. Our methodology seeks to explain why a particular ad is likely
to be effective or ineffective. Its unique scoring system offers the
flexibility necessary to easily accommodate geographic and demographic
differences, allowing suppliers to test ads in different target markets.
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