Though the rise of the internet and social media has slightly shifted the paradigm of advertising, television is still the most influential medium for reaching large numbers of people. Another benefit of the television is that it reaches all demographics; the internet is used much more by young urbanites than the older generation and thus has market limitations.
Thus is the power of TV advertising that it has changed very little since its début in the 1950’s. Though the industry has rapidly expanded due to the increasing number of channels on television. How much you pay for an advert will vary dramatically depending on a number of variables. Due to time limitations, you will often pay by the second for a television advert and, therefore, keeping an advert short can reduce costs. The time slot and show in which you want your advert to be aired will also greatly influence the cost. An advert to be aired at 2am between an all night game show is going to cost considerably less than one broadcast in a popular show on Saturday night prime time television.
However, airing an advert in a cheaper time slot may not always be to your detriment. To maximise the efficiency of your advert, it’s always wise to consider the viewer demographics at a particular time. Adverts shown late at night or in the daytime, when viewing figures tend to be lower than in the evening, may be more beneficial for those advertising alcohol, gambling or products with adult themes.
One way in which the industry has had to adapt for the modern era is through monetizing catch up services. Many individuals now watch television at a later date or on demand, and they often skip the adverts when they have recorded something using a cable box. This is problematic, as people are still paying for the commercial adverts, but fewer people are seeing them. Many have tried to increase their reach by showing adverts in catch up services, which cannot be skipped to increase exposure.