9. Advertising and Selling Flashcards
What is advertising?
Advertising is any paid form of
non-personal promotion transmitted through a mass medium.
An indirect form of communication
Impersonal, communicates with large numbers of people through paid channels
What are the two types of advertising?
Institutional
- Image/reputation building
-
Product-oriented
- pioneering - explaining product
- emphasise USP
- competitive advertising (direct comparisons)
How can the effectiveness of advertising be assessed?
Reach: the percentage of the target market exposed at least once
Ratings: measure of households viewing television at a specific time
Frequency: average number of times that a member of the target audience is exposed
Opportunity to see: how many times member of target audience has an opportunity to see an ad
Creative appeals
Product-oriented appeals
- features and attributes of products
- solution to a problem
- e.g. advertorials
Customer appeals
- focus on what the customer actually gains
- saving money e.g. Bold 2-in-1
- security enhancement e.g. insurance
- self-esteem e.g. cosmetics
- usage benefits e.g. iPhone
- save time
Advertising media
Television Radio Magazines Newspapers Outdoor - Billboards, posters Online - banners Social media
Stages in developing a campaign
Campaign responsibilities
Target audience
Campaign objectives
Budget setting
Media selection
Advertising development and testing
Implementation
Give two examples of an advertising implementation strategy and what determines the strategy?
Bursts - short, intense advertising such as product launches
Drips - advertising more evenly over time
marketing factors:
If customer turnover is high, advertising might be needed more often
If demand is seasonal or perishable
Some may focus on retention of customers
Personal selling
An interpersonal communication tool which involves face to face activities representing an organisation, in order to inform, persuade or remind them to take appropriate action
personal, two-way communication
Most appropriate for B2B
Advantages of personal selling for B2B
Greater impact
- sales representatives can judge situations and tailor marketing on the spot
Precision
- targeting precision: focusses on those who can afford/want the product/service
- message precision: more information, details can be clarified.
Cultivation
- of mutually-beneficial trade relationships
- crucial role in profitability of business as representatives carry reputation of trustworthiness of business
Cost
- high cost
- so usually used for high cost services e.g. professional services consulting
Sponsorship
Sponsorship is a business relationship between a provider of funds, resources or services and an individual, event or organisation which offers in return some rights and association that may be used for commercial advantage.
e.g. Flora, Unilever sponsored the London Marathon 1996-2009
PR
The deliberate, planned and sustained effort to institute and maintain mutual understanding between an organisation and its publics
Marketing PR
- long-term strategic image building
- raising profile
- e.g. websites, annual report
Corporate PR
- long-term relationship with media/ short term responses to unforeseen circumstances
- e.g. press releases, press conferences