If you're in marketing, you've probably heard these terms:
- paid media
- owned media
- earned media
But do you know what they mean??
I didn't. :)
But apparently all 3 are important to your marketing strategy.
Luckily, I found an infographic from The Media Octopus that does a good job explaining these important marketing concepts.
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Visual Guide to Understanding Paid, Owned and Earned Media
Before you skip to the graphic below, please familiarize yourself with these 3 important terms -- because you'll probably run into them in your work sometime soon!
1. Paid Media
Paid media comes from the traffic generated by ads.
- Facebook Ads
- Boosted Posts
- Sponsored Tweets
- Google AdWords
- Print & TV Advertising
- Display Ads
Paid media is usually the quickest & easiest way to expose your brand to a new audience.
But it gets expensive in a hurry! And once you turn it off, it's off.
2. Earned Media
Earned media is the free publicity you get from fans, followers, bloggers & the press!
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Earned media includes:
- Retweets, Likes, Shares, etc.
- Reporters & Bloggers Writing About Your Business
- Online Reviews
- Word-of-Mouth Promotion
3. Owned Media
Owned media are the marketing channels you control.
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Owned media include:
- Your Website
- Retail Stores (online and offline)
- Blogs
- Social Media
- Apps
Ok, cool!..
Now let's check out the infographic.
After reading above, you can probably see that the concepts aren't as confusing as they sound.
And... it's easy to see how a good understanding of them can give your marketing efforts that much-needed shot in the arm!
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