Again, with so many eyes glued to the TV for the big game, Super Bowl commercials have become a high priority for brands looking to leverage the hype for their own interests, whether that be launching a new product or just driving more general brand awareness.
To paint a picture of the demand, in 2022, a Super Bowl ad came with the hefty price tag of $6.5 million for just a 30-second slot; that’s right— brands were out more than $200,000 for every one second of engagement with consumers.
The problem with this hyper-focus on Super Bowl commercials is two-fold: one, these ads are only an option for big brands, and two, no matter your budget, they’re simply not worth it. So many brands continue opting into a TV spot (at the expense of a more comprehensive marketing strategy) without considering the data at hand. Take these three simple facts for starters:
- Since 2015, Super Bowl TV audiences have been on the decline.
- As of 1967, the cost of a thirty-second ad has increased 20-fold, while total viewing has less than doubled.
- Only 10% of consumers remember the average Super Bowl ad and know the brand being advertised.
Given that information, you definitely want to reconsider this year’s Super Bowl marketing campaign— but do keep in mind that just because you may sit out of this year’s rat race for a TV spot doesn’t mean that you can’t still leverage the nationwide attention on the Super Bowl to your company’s advantage.
Here’s how you can manage a more effective marketing strategy around Super Bowl Sunday in any market.