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Advertisement: Advertisement is a paid form of non personal communication about an organization or its products that is transmitted to a target audience through a mass broadcast medium.
FEATURES OF ADVERTISEMENTS
Non personal form of communication Paid form of communication Advertisement is issued by an identified sponsor Advertisement is to promote product and service Advertisement supplement personal selling Advertisement disseminates information about the product Advertising is a mass way of persuasion Advertisement is most efficient way of reaching the people
OBJECTIVES OF ADVERTISING
To introduce a new product or a service to the market to achieve large sales volume their by increasing profit. To introduce new product Increase volume of sales and reduce selling expense Reach all those people who are inaccessible to salesman Create and maintain permanent demand
Advertising must promote an effective and constant support to dealers, distributers, wholesalers, retailers and salesman Advertising activities will give a confidence and brand loyalty to customers Advertising activities helps to improve the morale and confidence of sales force Advertising activities will give confidence to share holders, customers, govt etc Advertising activities will give a different image among your competitors and in your business circle.
FUNCTIONS OF ADVERTISING
Advertising is a marketing tool Advertising as a means of communication Advertising is means of persuasion Advertising is a means of employment
TYPE OF ADVERTISING
- Pepsi Youngistan
COMPONENTS OF ADVERTISING
Advertisers Advertising Agencies
Support organisations
Mass media
consumer
STEPS IN DEVELOPING AN ADVERTISEMENT CAMPAIGNIdentify and analyze target audience Define advertisement objectives Create advertising platform Determine advertisement appropriation Develop media plan Create advertising message Execute campaign
BENEFITS OF ADVERTISEMENTS
Information Brand Image New product launch Increase the sales
DEMERITS
Increase the cost of the product Manipulation of taste and interests Advertisement to children May end up in false message Moral concerns
PROMOTION
Communication by marketers that informs, persuades, and reminds potential buyers of a product in order to influence an opinion or elicit a response.
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PROMOTIONAL MIX
Combination of promotion tools used to reach the target market and fulfill Advertising the organizations Public Relations overall goals. Sales Promotion Personal Selling Public Relations Word-of-Mouth
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ADVERTISING
Impersonal, one-way mass communication about a product or organization that is paid for by a marketer.
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ADVERTISING MEDIA
Traditional Advertising Media Electronic Advertising Media
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ADVERTISING
Advantages
Disadvantages
Reach large number of people Low cost per contact Can be microtargeted
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PUBLIC RELATIONS
The marketing function that evaluates public attitudes, identifies areas within the organization that the public may be interested in, and executes a program of action to earn public understanding and acceptance.
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PUBLICITY
Public information about a company, good, or service appearing in the mass media as a news item, which is free to the company.
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SALES PROMOTION
Free samples Contests Premiums Trade Shows
personal communication More effective than advertising in complex selling situations The sales force plays a major role in most companies The sales force represents the company to customers They also represent the customers to the company
MARKETING MIX
4 PS AND ADVERTISEMENTS
Advertising and Product Advertising and Price Advertising and Place Advertising and Promotion
ADVERTISING APPEALS
Advertising appeals aim to influence the way consumers view themselves and how buying certain products can prove to be beneficial for them.
TYPES OF APPEALS
Rational or Logical appeal Emotional appeal
Emotional Appeal An emotional appeal is related to an individuals psychological and social needs for purchasing certain products and services. Many consumers are emotionally motivated or driven to make certain purchases.
EMOTIONAL APPEAL
Emotional Appeal is based on 3 ideas: Consumer ignores most ads Rational ads go unnoticed Emotional ads can capture attention
ADVERTISING APPEALS
Fear Humor Music Rationality Emotions Scarcity Sex
RATIONAL APPEAL
Rational appeal are the thinking process of the audience.. They involves some sort of reasoning process. High quality Low price Easy to use Re sale value Economic Eg: Industrial buyers
PRODUCT POSITIONING
CONCEPT OF DAGMAR
DAGMAR is Defining Advertising Goals for Measured Advertising Results. It is basically an approach to advertising planning and a precise method for selecting and quantifying goals and for using those goals to measure performance.
Attitude
Action
CONCEPT OF DAGMAR
A Measurable Objective A Conceivable Benchmark Well-Defined Target Audience Fixed time period
LIMITATIONS OF DAGMAR
Promote only sales/No evaluation Practical problems Measurement
MODULE 2
ADVERTISING ORGANIZATION AND MANAGEMENT Advertising management is the process of overseeing campaigns that seek to inform and attract consumers regarding a particular good or service.
Govt Agencies
ORGANIZATION OF ADVERTISERS
The Larger the advertiser, the greater the need for an organizational structure that indicates the tastes of the people responsible for the firms advertising. Responsibility's are clearly defined
Functional Organization
VP Marketing
Sales Manager
MR Manager
Advt.Manager
Brand Manager
Sales Manager
MR Manager
Advertisement Manager
ADVANTAGES
Responsibility is clear Quick response for problems and opportunities Line of communication is shorter Excellent training to new executive
WEAKNESS
Managers responsibility is without authority He does not have control over other functional areas Product manager is responsible for each activity without authority
BASED ON FUNCTION
Advertisement Manager
Production Manager
Art Manager
Media Manager
BY MEDIA
Advertisement Manager
Broadcasting Manager
Magazine Manager
Television Manager
Direct Mailing
BY PRODUCT
Advertisement Manager
Product A
Product B
Product C
BY GEOGRAPHY
BY END USER
Advertising Manager
Consumer Market Manager Institutional Market Manager