Marketing Management
Marketing Management
Marketing Management
Management
Created By
2020-CS-85 | Talha Abid
2020-CS-12 | Abdullah
2020-CS-14 | Muhammad Kawish
2020-CS-30 | Faizan Ejaz
2020-CS-08 | Ali Raza
Advertisement
Talha Abid | 2020-cs-85
Advertisement Advertising refers to the action of
promoting or publicizing a product,
service, or idea through various
communication channels to a target
audience.
Setting the Objectives of Advertising
An advertising objective (or goal) is a specific communications task and
achievement level to be accomplished with a specific audience in a specific
period of time.
Persuasive advertising
Persuasive advertising leverages the desires and interests of consumers to
convince them to purchase a product or service.
Reminder advertising:
Reminder advertising aims to stimulate repeat purchase of products and
services.
Reinforcement advertising:
Reinforcement advertising aims to convince current purchasers that they
made the right choice.
Deciding on the Advertising
Budget:-
Here are five specific factors to consider when setting
the advertising budget:
1. Stage in the product life cycle:
New products typically merit large advertising budgets to build awareness and
to gain consumer trial. Established brands usually are supported with lower
advertising budgets, measured as a ratio to sales.
4. Advertising frequency:
The number of repetitions needed to put the brand’s message across to
consumers has an obvious impact on the advertising budget.
5. Product substitutability:
Brands in less-differentiated or commodity-like product classes (beer, soft
drinks, banks, and airlines) require heavy advertising to establish a unique
image.
Developing the Advertisers go through three
steps:
Advertising
● Message Generation and
Campaign:- Evaluation.
● Creative Development and
Execution.
● Social-Responsibility
Review.
Message Generation and Evaluation
In this initial step, advertisers focus on creating a compelling message that
effectively communicates the intended information or persuasion to the
target audience. This involves understanding the target demographic,
defining campaign objectives, crafting a unique selling proposition (USP),
and determining key message points. The generated message is then
evaluated for clarity, relevance, impact, and alignment with campaign goals.
Creative Development and Execution:
After the message is generated and evaluated, the next step involves
bringing that message to life through creative development and execution.
This includes designing visuals, selecting appropriate media, developing ad
copy, and determining the overall look and feel of the advertising campaign.
Creative execution aims to capture the attention of the audience, convey
the message effectively, and leave a memorable impression.
Social-Responsibility Review:
The social-responsibility review is a critical step where advertisers assess
the potential impact of their campaigns on society, considering ethical and
moral implications. This involves evaluating whether the message aligns
with societal norms, values, and legal standards. Advertisers need to ensure
that their campaigns are socially responsible, respect diversity, avoid
misleading information, and adhere to ethical guidelines.
Types or Advertising comes in various
forms, and marketers use
Mediums of different types of advertising
Advertisements to reach their target audience
through various channels.
Here are some common types
of advertising:
Print Advertising:
This includes advertisements in newspapers, magazines, brochures, and
other printed materials. Print advertising is effective for reaching specific
demographics and local audiences.
Broadcast Advertising:
This type involves advertising through television and radio. Television
commercials and radio spots are powerful mediums for reaching a wide
audience and conveying messages using both visual and audio elements.
Digital Advertising:
Digital advertising leverages online platforms and channels to reach
audiences. This includes display ads, social media advertising, search engine
marketing (SEM), email marketing, and other online strategies.
Outdoor Advertising:
Billboard advertising, transit ads (on buses or trains), and other forms of
outdoor advertising are effective for reaching audiences in specific
locations. These are often used to create brand awareness.
Direct Mail Advertising:
This involves sending promotional materials directly to a target audience
through the mail. Direct mail includes postcards, catalogs, flyers, and other
printed materials.
Product Placement:
Product placement involves featuring a product or brand within the content
of movies, TV shows, or other forms of media. This is a subtle way to
integrate advertising into entertainment.
Content Marketing:
Content marketing involves creating valuable content, such as articles, blog
posts, videos, or infographics, to attract and engage the target audience. It
subtly promotes a brand or product within the content.
Influencer Marketing:
Brands collaborate with influencers, individuals with a significant online
following, to promote their products or services. Influencer marketing
leverages the trust and influence these individuals have on their audience.
Cinema Advertising:
Advertising in movie theaters involves showcasing commercials or
promotional content before the screening of a film. This type of advertising
targets a captive audience during the movie-watching experience.
Interactive Advertising:
This type encourages user engagement. It can include interactive online ads,
quizzes, polls, and other content that invites the audience to participate
actively.
Native Advertising:
Native advertising is a form of paid advertising in which the ads match the
look, feel and function of the media format where they appear. They fit
“natively” and seamlessly on the web page.
Frequency : The number of times within the specified time period that an average
person or household is exposed to the message
Impact : The qualitative value of an exposure through a given medium (thus a food ad
will have a higher impact in Bon Appetit than in Fortune magazine)
Reach
Is ka under hum ya batata hain ka hamara ads kitna logoun tak pounch gava hain our is ka lya hum bhout
sa tools use karta hain is ma sa sab sa behtreeen hain algorithm ads campaign our is ma hum zuban ka bhi
khyal rakhta hain
Frequency ka under hum batta hain ka aik individual na kitni deer ka lya hamara ads watch kya ha is
sa hamara ads ka effictness ka farq parta ha
Impact ka ussion nder ya hota ha hamara ads par kitna impression aye hain our kitna logoun na click kya
ha ya ads logoun ka lya reminder hota ha agr ads effective hoto to bad ma bhi un ka zehan ma raha ga
Deciding on In choosing media, the
advertiser has both a
Media Timing macro-scheduling and a
and Allocation:- micro-scheduling decision.
Macro-Scheduling decision:
The macro-scheduling decision relates to seasons and the business cycle. Suppose
70 percent of a product’s sales occur between June and September. The firm can
vary its advertising expenditures to follow the seasonal pattern, to oppose the
seasonal pattern, or to be constant throughout the year.
Micro-Scheduling decision:
The micro-scheduling decision calls for allocating advertising expenditures within a
short period to obtain maximum impact. Suppose the firm decides to buy 30 radio
spots in the month of September.
The chosen pattern should meet the communications objectives set in
relationship to the nature of the product, target customers, distribution channels,
and other marketing factors. The timing pattern should consider three factors.
Buyer turnover expresses the rate at which new buyers enter the market; the
higher this rate, the more continuous the advertising should be. Purchase
frequency is the number of times the average buyer buys the product during the
period; the higher the purchase frequency, the more continuous the advertising
should be. The forgetting rate is the rate at which the buyer forgets the brand; the
higher the forgetting rate, the more continuous the advertising should be.In
launching a new product, the advertiser must choose among continuity,
concentration, flighting, and pulsing.
Continuity
Means exposures appear evenly throughout a given period. Generally,
advertisers use continuous advertising in expanding market situations, with
frequently purchased items, and in tightly defined buyer categories.
Concentration
Calls for spending all the advertising dollars in a single period. This makes
sense for products with one selling season or related holiday.
Flighting
calls for advertising during a period, followed by a period with no advertising,
followed by a second period of advertising activity. It is useful when funding is
limited, the purchase cycle is relatively infrequent, or items are seasonal.
Pulsing
is continuous advertising at low-weight levels. It draws on the strength of
continuous advertising and flights to create a compromise scheduling
strategy. Those who favor pulsing believe the audience will learn the message
more thoroughly, and at a lower cost to the firm.
Evaluating Most advertisers try to measure
the communication effect of an
Advertising ad—that is, its potential impact
Effectiveness:- on awareness, knowledge, or
preference. They would also like
to measure the ad’s sales effect.
COMMUNICATION-EFFECT RESEARCH: Communication-effect research,
called copy testing, seeks to determine whether an ad is communicating
effectively. Marketers should perform this test both before an ad is put into
media and after it is printed or broadcast.
Selling is one part of a trade or transaction. When one person buys something,
the other is selling it. Anything that involves giving something to somebody in
exchange for money is a type of selling.
Effective selling begins with a deep understanding of customer needs and preferences.
Marketers must conduct market research to identify target audiences and tailor their
selling approach to meet specific customer requirements.
Creating Value:
Selling is not just about pushing products; it involves creating value for customers.
Businesses must communicate how their products or services address customer pain
points or fulfill desires better than competitors.
Building Relationships:
Selling activities should align with the broader marketing strategy. This includes
consistency in messaging, branding, and promotional efforts to create a cohesive
customer experience.
Marketing
Personnel
Faizan | 2020-cs-30
Introduction
Marketing personnel are the backbone of any successful marketing
campaign. They are responsible for developing, implementing, and
executing strategies that attract and engage customers, promote products
or services, and ultimately drive sales. In today's competitive marketplace,
having a skilled and experienced marketing team is essential for any
business that wants to thrive.
Who are Marketing Personnel?
Marketing personnel encompass a wide range of professionals with diverse
skill sets and specializations. Some common roles within a marketing
department include:
Staying up-to-date with the latest marketing trends and technologies: The
marketing landscape is constantly evolving, so marketing personnel must be
adaptable and willing to learn new skills.
Skills and Qualities of Effective
Marketing Personnel
Successful marketing personnel possess a blend of hard and soft skills,
including:
Analytical and data-driven mindset: They can interpret data and use
insights to inform their decision-making.
Project management skills: They can juggle multiple tasks and deadlines
effectively.
Conclusion
Marketing personnel play a vital role in driving business growth and
success. As the marketing landscape continues to change, the demand for
skilled and adaptable marketing professionals will only increase. By
continuously learning, developing new skills, and embracing innovative
approaches, marketing personnel can ensure they remain valuable assets in
the ever-evolving world of marketing.
Sale
Promotions
Ali Raza | 2020-cs-08
Sale Promotions
“Promotional activities that encourage customers for
immediate sales.”
Sale Promotion
➔ Goal is speeding the sales process and increasing sales volume.
➔ Produce best results when combined with other marketing activities
such as advertisements.
➔ Can’t overcome poor brand images, product deficiencies, or poor
training for salespeople.
Customer Oriented Sale Promotion
1. Samples: Offer of a free amount of a product or service delivered
door-to-door, sent in the mail, picked up in a store, attached to another
product, or featured in an advertising offer.
Rebate
“A cash refund given for the
purchase of a product during a
specific period”
Premium
“An extra item offered to the
customer, usually in exchange
for some proof of purchase”
Advantages of sales promotion
➔ It generates more customers.
➔ It retains current customers.
➔ It raises awareness.
➔ It gives a quick increase in sales.