Advertising Ch.2
Advertising Ch.2
Advertising Ch.2
Advertising Management
Topic:
Chapter.2
Submitted To:
Dr.Asim Nawaz
Submitted By:
Shahzad Bashir
Roll No:
19362
Class:
BBA (Marketing B)
Definition
Identification of target audience: Defining the target audience is the first step in designing
an IMC. When considering the target audience, you must go far beyond traditional
demographic considerations. It is also important to "think ahead" and ask the following
questions.
What are the relevant target buyer groups?
What are the target group's demographic, lifestyle, and psychographic profile?
How is the trade involved?
Determining the communication objectives: The next step is to set communication goals.
There may be different communication goals, such as increased sales, brand image and
goodwill, and business expansion. Therefore, the seller must evaluate all these goals and
choose the goals he intends to achieve.
Determining the message: An effective message should attract attention, maintain
interest, inspire desire and gain action (AIDA model). In practice, there is very little news to
guide consumers from realizing the purchase all the way, but the AIDA framework shows
the ideal quality of good news. When integrating information, the marketing communicator
must decide what to say and how to say it, Who should say. Therefore, the communicator
should pay more attention to the message content, message format and message structure.
Selecting the communication Channels: There are two broad communications channels-
personal and impersonal.
Personal communication Channels: In personal communication channels, two or more
people communicate directly with each other. They may communicate face-to-face, via
phone, email, or even online chat. Personal communication channels are effective because
they allow individuals to process feedback.
Non-Personal communication Channels: In most year-end events, non-personal
communication channels include the media. The media includes:
o Print media -newspapers, magazines, direct mail etc.
o Broadcast media-radio, television etc.
o Electronic media-audiotapes, videotapes, CD-ROM, web page etc.
o Display media-billboards, signs, posters, banners, hoardings etc.
Determining the budget: This is one of the most important decisions in the IMC process.
Effective IMC depends on the budget set for the communication portfolio. Marketers prepare
budgets based on the nature of the client, goals, nature of competition, and availability of
funds.
Promotion mix decision: After determining the budget, the promotion mix must be
determined. Promotional combination is a combination of various tools such as advertising,
public relations, and personnel sales. Due to different marketing environments, you must be
different in your communication mix. A medium that is effective in one market may not be as
effective in another market.
Implementation of Promotion mix: Then, the marketer makes arrangements to implement
the communication mix. Sellers must choose the right media to convey promotional
information.
Follow up: Here, advertisers must review their sales and purchase performance. If the
performance meets the communication goals, there is no need to worry. On the other hand,
if the performance is below the communication target, certain corrective measures must be
taken.
Q Write short note on Advertising?
The word advertising comes from the Latin word "advertere” Meaning to turn the minds of
towards”.
Definition:
American Marketing Association has defined advertising as “any paid form of non-personal
presentation of ideas, goods and services by an indentified sponsor”.
Importance
Advertising has become an essential marketing activity in the modern era of large scale
production and serve competition in the market. It performs the following functions:
Promotion of Sales: Advertising promotes the sale of goods and services by telling and
encourage the people to buy them. A good advertising helps in convincing new customers to
buy products.
Introduction of New Product: Advertising helps the introduction of new products in the
market. If any company want to launch a new in the market advertising is the best technique
to attract people towards product. A new company cannot make a good impression on the
prospective customers without of advertising.
Creation of Good Public Image: Advertising builds up the reputation of the advertiser.
Advertising enables a business firm to communicate its achievements in an effort to satisfy
the customers' needs. This increases the goodwill and reputation of the firm which is
necessary to fight against competition in the market.
Mass Production: Advertising facilitates large-scale production. Advertising encourages
production of goods in large-scale because the business firm knows that it will be able to sell
on large-scale with the help of advertising. Mass production reduces the cost of production
per unit by the economical use of various factors of production.
Research: Advertising stimulates research and development activities. Advertising has
become a competitive marketing activity. Every firm tries to differentiate its product from the
substitutes available in the market through advertising. This compels every business firm to
do more and more research to find new products and their new uses. If a firm does not
engage in research and development activities, it will be out of the market in the near future.
Education of People: Advertising informs the people about new products and their uses
The basic aim of this objective is to satisfy the customer about superiority of product with
other products. It is advertising which has helped people in adopting new ways of life and
giving-up old habits. It has contributed a lot towards the betterment of the standard of living
of the society.
Support to Press: Advertising provides an important source of revenue to the publishers
and magazines. Press media can’t continue only with price paid by the purchaser or readers
the advertisement bring revenues and strong financial for press. It enables to increase the
circulation of their publication by selling them at lower rates. People are also benefited
because they get publications at cheaper rates. Advertising is also a source of revenue for
TV network.
Objectives
The main objective of advertising is to communicate about the product and service to the
prospective customer. General object of advertising is to inform the customers about the
attributes and uses of the product. In addition to this general objective, advertising is also used
by the modern business enterprises for certain specific objectives which are listed below:
To Introduce: Advertising are used to introduce a new product by creating interest for it
among prospective customer.
To Support: It is easier for the salesmen to sell the product that are well advertised. For this
to support personal selling programme.Advertising maybe used to open customers doors for
salesmen.
To reach inaccessible customers: Some customers are inaccessible through
salesmanship because of their location, small number and scattered nature etc. Advertising
is the only way through such customers can be accessed.
To enter new market: When a firm wants to enter new market segment, it advertise widely
in the segment so that product familiarity created.
To show competition: To light completions in the market and to increase the sales as seen
in the fierce competition between Coke and Pepsi.
To enhance goodwill: Large scale advertising is often undertaken with the objective of
creating or enhancing the goodwill of the adverting company. This in turn increases the
market receptiveness of the company’s product and helps the salesmen to win customers
easily.
To improve dealer relations: Advertising supports the dealers in selling the product.
Dealers are attracted towards a product which is advertised effectively.