Taxy advertising metrics are used to assess and evaluate the performance and efficacy of a marketing campaign using the common public transportation as media.
Advertising has positive and negative repercussions. Despite the negative aspects of advertising, advertisers and companies still employ different advertising tools to generate leads and revenues and to improve brand awareness.
Advertisers are always on the look out for innovative approaches in sending messages to customers and potential buyers. Aside from the traditional advertising techniques, companies and marketers employ different marketing tools, regardless of their viability. Experimenting techniques to expose and extend marketing messages is perhaps a constant aspect of advertising. Companies and advertisers may have yet to determine to make a repeat on the certain advertising campaign when there is a proper report and information of the effectiveness and efficiency of the marketing technique. To come up with particular solutions in employing marketing techniques, it is important to measure the performance of a certain marketing campaign.
Taxy or taxi advertising is part of the outdoor marketing campaign. Similar to other advertising campaigns that use transportation in bringing messages to potential markets, this kind of advertising technique must be planned and assessed. Cost is often involved in every marketing campaign. It is only appropriate to make budgets and to record actual cost as indicators of performance measure in carrying out the advertising campaign.
Why taxi advertising?
The innovative approach in advertising has not spared modes of transportation, such as trains, buses, and taxis in converting them into marketing media. The taxi, being a constant component on the road in every hour, has been deemed a feasible tool for placing promotional graphics and materials. This marketing campaign has been immensely popular in urban cities around the world, although it is heavily employed in the United States, as well as in European cities.
Advocating this kind of advertising campaign may seem an issue. But if you think about it, the taxi being a popular mode of public transportation, is a feasible approach for advertising. The visibility of ads placed inside or on the chassis of the public vehicle is a factor in making it an advertising medium. Not only passengers can view the ads placed on the taxis , but also passers-by, tourists, and individuals who are constantly on the road.
But the question is, can the effectiveness of taxi advertising be accurately measured?
Anybody can see the ads placed on the taxi or displayed inside the vehicle. Because of the random placement of ads, advertisers cannot determine well the number of prospects that respond to the marketing materials. Poor targeting, similar to other outdoor advertising, is a characteristic of taxi advertising. The volume of response is nil; so is the number of persons responding to the ad message.
To assess the performance of taxi advertising, it is important to conduct extensive research of the findings using this advertising medium. Surveys can be conducted, however, the accuracy of the result cannot be fully determined.
To practically measure the effectiveness of the advertising campaign, it is important to identify indicators that have direct links to the existence and implementation of the marketing technique.
Taxy advertising metrics may include budget, cost, revenues, and returns for determining how well the advertising works in increasing awareness and sales or revenue generation.