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print media Broadcast media Direct mail Outdoor Auto visual Advertising
media media media on the POP.
Functions of advertising
Advertising performs the following functions:-
1) Advertising helps to increase primary demand.
2) It helps in increasing customer base of an organisation by turning non users into users.
3) It increases usage by highlighting the variety of uses ofa product hence increasing the sales of that product.
eg milkmaid advertisements show various easy steps to make recipies.
4) It helps differentiate products from rival products.
5) It induces consumers to try nw products by highlighting different features of the product.
6) It helps to build brand loyalty and brand preference.
Advertising Agencies
It comprises of the technical experts, graphic designers , art directors etc. They are equiped with the latest
techniques and equipments and their work is to create and produce ads.
Media planners are in charge of producing a media plan for the client.. once the plan has been approved, the
media team must purchase advertsing space in a medium that serve the compaigns target audience.
The final reveiw of an advertising is handled by the production team. The production manager oversees print runs
as well as filming of commercials.
Functions of an Advertising Agency
Advertising agencies dont just create the advertsing pieces for clients, they also give clients insight as to which
media will be most effective for their product, service, events or cause. They negotiate terms and work to get
clients the best deals to maximize their money and their reach.
Account planners ensures that the client needs are expressed to the research and creative teams . account planning
is where agencies start their initial interaction with the clients.
Advertsing agencies work with the companies to establish the characterstics of their target markets through the
marketing research . Advertising agencies spend a substantial amount of time researching customers to understand
what they buy and what motivates them to buy.
Types of Advertising Agency
A full service agency is generally a big size advertsing agency having all departments , specialized people
holding each department and no. of subordinates under them.
These agencies are involved in
- planning , creating and producing advertisement
- performing research
- selecting and purchasing media.
ADVANTAGES DISADVANTAGES
1) one stop shop 1) less specialization
2) integeration 2) narrow veiw
3) Media purchasing
4) web marketing
5) Tracking results
Advertsisng agencies specialized in creative work are commonly known as creative boutiques. These agencies
are small and have only few creative people like copywriters, art directors etc. A company that uses a creative
boutique would have to employ an other agency to perform the other functions.
Some big companies prefer to have their own in house advertising agencies. Theses agencies work solely for
the owner company.
There are some agencies who undertake advertising work only in certain areas. There are agencies that
specialize only in financial services or only in publicity or in point of purchase material etc.
:- these agencies
buys place for advertise and sells it to the adverisers
sells time in which advertisement will be placed
schedules slots in which advertisement will be placed
finally supervises or checks whether the ad has been telecasted at opted time or not.
Regulatory authorities
Advertising Standards Council of India (ASCI)
Set up in 1985
Voluntary and Self Regulatory Council
Non- Profit Company
Objective
Truthful and Honest
Not Offensive
Not Hazardous to Society
Fair with Competitors
Problems of Advertising in India
The Rs 15000 crores (US $3.5 Biln) Indian Advertising Industry ( a good part of revenue portion is run of the
mill 'print ads' in news papers) is also suffering several problems:
The rules of game are changing fast for traditional (not below-the-line) advertising which was bread winner or
major revenue source for most ad companies, like:
1. Falling audience of channels and broadcasters
2. Ingress of internet slowly but surely (online sales have several limitations though like credibility, tangiblity
and goods return and refund) It also concerns with data security on internet like credit card details.
3. Problems of Zipping and Zapping ( in future ,TV recording by customer for leisure viewing/interactive TV, may
eliminate advertsiing totally-Microsoft Vista has some features incorporated already for home theatre and
recording convenience).
4. Emergence of Direct Marketing networks led by companies like Amway,Eureka Forbes, Tupperware and so
onThe list is growing fast.It is proving better and more effective and cheaper too in some cases.
5. Advertisement cluttering .
6. Rising costs of advertising both in electronic and Print media despite reduced number of exposures and
clutter. You can't see your own matrimonial ad in news paper easily.
7. Intense competition between brands and product and suppliers.
8. Re arragement of Indian Madison Avenue by mergers and take overs by foreign ad companies
(BBDO,Rediffusion,JWT and almost every name)
9. Need for global advertising strategies thus changing criteria for agency selection.
10. Little margins for advertising clients and limited role of advertsing in building brands
( A painful long term process as now realised).
2) Personal Selling
The art of personal persuasion employed by the seller to induce others to buy what he wishes to sell.
NATURE OF PERSONAL SELLING
Give marketers the greatest freedom to adjust a message to satisfy customer informational needs.
Discover thr strengths and weaknesses of new products and pass thsi information on to the marketing
department.
High cost, business spend more on personal selling than any other form of promotional mix.
TYPES OF SALES PERSON
Consumer-oriented Trade-oriented
Targeted to the ultimate users of a Targeted toward marketing
product or service intermediaries such as retailers,
Coupons wholesalers, or distributors
Sampling Promotion allowances
Premiums Merchandise allowances
Rebates
Price deals
Contests
Sales contests
Sweepstakes
POP materials Trade shows
Importance From customer Point of veiw
Provide necessary information for consumers to help the make buying decision.
To stimulate people to desire what they do not have and inspire them to earn the money to acquire tems.
illustrate the brand unique qualities to build prefrence in their target markets.
move buyers to action the first time and reinforce their positive expereince.
Desigining/ Steps in IMC Program
1)
The first decision in developing the Promotion program is identifying the target audience, the group
of prospective buyers toward which a promotional program is directed. The target audience for the Promotion
program is the target market for firms product, which is identified from marketing research and marketing
segmentation studies.
2)
After the target audience is identified, a decision must be reached on what the promotion should accomplish.
AWARENESS - The consumer ability to recognize and remember the product or brand name.
INTREST - An increase in the consumers desires to learn about the some of the features of product or brand.
EVALUATION- The Consumers apraisal of the product or brand on important attributes.
TRIAL- The consumers first actuak purchase and use of product or brand.
ADOPTION- through favourable expereince on the first trial, the consumers repeated purchase and use of
the product or brand.
After determining the promotion objectives, a company must decide on how much to spend.
once the budget has determined , the comibination of five basic IMC tools can be specified. while many factors
provide direction for selection of appropriate mix these are
The traget audience
The product life cycle
Channel strategies
The central element of the promotion program is the promotion itself.
Adveritisng consists of advertsing copy and the artwork that the target audience is intended to see or hear.
personal selling efforts depend on the characterstics and skills of the sales person.
The promotion schedule describes the order in which each promotional tool is introduced and frequency of its
use during the compaign.
IN developing IMC programme, a company combines the various promotional mix elements , balancing the
strength and weaknesses of each to produce an efficent program which will reach the target audience
effectively.
Barriers To Integerated Marketing Communications
1) Rigid organizational structure are infested with managers who protect both the budgets and their power
base. some org structures isolate communications, data and even managers from each other eg the public
relation dept. often does not report to marketing.
3) Most managers and agencies lack expertise in IMC. There is a proliferation of single discipline agencies. very
few people and agencies have real expereince of all the marketing communication disciplines. this lack of know
how is a big barrier to the path of IMC.
Strategies For Developing effective Communication
Nothing can take the place of honest-to-goodness data gathering and analytics when it comes to really getting to
know what makes your customers hearts beat a little bit faster.
When was the last time you asked your most valuable customers what they thought of your brand? There are
reasons why your consumers choose your products and services over the multitude of other options available to
them in our packed marketplace. And while the Four Ps of marketing (product, price, placement, and promotion)
are great places to start your investigation, dont forget to enlist good, old-fashioned market intelligence (again, via
marketing and customer data, as well as competitive analysis) to truly uncover your brands USP.
Know yourself (including your strengths, but also your weaknesses), and let that guide how you represent your
brand in the public eye.
Get out there and show that you know what youre talking about. Amping up your case studies, thought-
leadership pieces, and social media exposure will help.
Measure the public perception of your brand. Google Analytics is a must-have in your toolkit, but also consider
cross-platform social monitoring solutions like Hootsuite, Topsy, and Sprout Social.
With attention-spans at an all-time low these days, its vitally important that the brand message and
impression that consumers engage with is consistent across all channels and platforms you use. But the core
message of your brand should be strong and clear, and should promote a sense of familiarity among your
target audience members.
its far cheaper to maintain loyal customers than to win new ones. The concept of lead nurturing is all about
cultivating trusted relationships with your most qualified and valuable clients, so theyll perform the actions
that your business goals require to set your company ahead of its competition.
Mass Communication
The steps here are deciding on desired reach, frequency, and impact
choosing among major media type
selecting specific media vehicles
deciding on media timing and geographical media allocation
Then the marketer evaluates the result of these decisions
Events and Experiences
Event is a promotional strategy that involves face-to-face contact between companies and their customers at
special events like concerts, fairs, and sporting events. Brands use event marketing entertainment (like shows,
contests, or parties) to reach consumers through direct hand-to-hand sampling or interactive displays.
OBJECTIVES OF EVENTS AND EXPEREINCES