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Got to listen Ibibo too on Radio today. Good luck to IndiaMART, ebay and Ibibo for their campaigns.
@VC, DUDE, IndiaMart has a strategic partnership with Times Group where they don't need to mint any money for giving ads on any of the Times Group's newspapers, portals, TV and radio channels. So apparently they are not "udao-ing" the money.
This is very interesting & bold move in B2B space...
Indiamart is trying to explore all sort of Media...
This strategy is to become house hold name and not giving any chance or room to Alibaba in India...
This will help them in establishing more loyalty, All the best!!!
ebay.com has also launched radio campaign. Seems Radio is the hot flavor for these B2B and B2C legends.
Its good Indiamart is spending on advertising, but what % of the "46million" (is this no. accurate?) Radio Mirchi listeners are Indiamart's B2B target audience of SME/SMBs?
Also, how are they going to measure ROI?
If they are using a different yardstick to measure radio, they can spend similar budgets in online, measure online too by same yardstick.
Online will then show way better ROI.
After all ad budgets are wasted offline, like most dotcoms they will come to internet media and ask for impossible ROI from digital agencies to average the wasted spends in other media. We have seen this time and time again...with Travel category, Jobs category, Games, even horizontals like Indiatimes/Rediff/Yahoo. Now we are seeing history repeat with B2B category.
This is an interesting move by indiamart. Rather then relying just on search engine and internet based promotion, radio advertisement is a bold move to reach the consumers. It would be interesting to see the impact of radio advertisement. Radio advertisement in a costly mode compared to different internet options and i think this is just a short term media source for indiamart.