| MUMBAI: Nimbus will launch
the first ever "Loyalty Rewards" programme for Indian television
advertisers from 14 January 2003. The programme is in recognition
of the role that loyal advertisers play in building a network and/or
independent media marketing company's revenues.
Kicking off the program with the upcoming ICC Cricket World Cup
2003 on DD, Nimbus aims to extend this program to select media assets
in the future. The objective is to reward the advertisers who pin
their faith in the deliverables of the company's programming and
further reward those who express an early commitment.
Says Nimbus' senior vice president Sunil Manocha: 'Nimbus has been
informally running such programs in the past providing the bedrock
for constantly strengthening relationships with advertisers, but
now we have created a formal structure for this and expect that
it will become a media trend in the future.'
On the cricket World Cup, "Broadcast sponsors", "Match
Cluster" buyers and "Flexi Buy" spot buyers will
all receive "Loyalty Rewards" in the form of additional
commercial time at no extra cost. In the classical pattern of loyalty
programs, there is an ascending rate of reward for larger volume
buyers. At the low end, rewards will start at 50 per cent volume
bonus for "Flexi Buy" spot buyers, going up to 150 per
cent volume bonus for presenting "Broadcast Sponsors".
Reversing the trend where advertisers who buy in early into a major
event property, often fear that they will wind up paying more than
those who buy at the death in case there is distress selling; Nimbus
has pegged the "Loyalty Rewards" for all advertisers who
booked their World Cup ads before 14 January at double the rewards
that will accrue to those who book from 14 January.
Says Nimbus' vice president marketing Sanjiv Shroff: 'We are thrilled
that we are able to provide retrospective rewards and that too double
to those who bought in early without even knowing that rewards could
follow, and we are overwhelmed by the gratitude of these advertisers
when we broke the news to them this evening!'
12 media buying groups and advertising agencies and more than 40
advertisers will benefit from the double "Loyalty Rewards".
Nimbus intends to provide more pleasant surprises to all loyal
clients in the weeks to come.
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