Advertising Literacy Final Flashcards
MRI Pioneers (3)
Provides valuable, new, hard to find info. U.S produced 55% of info. Internet surveys are popular but lacking
Current Characters: Victor Earnest
Ernest Victor
Europena German- trained by Freud to be a psychoanalyst:Subconcious has many controllers: A person’s descriptions of life are symbolic. Wrote Strategy & Desire inpsired by Frued
Cher Study
Researchers studied Cher & plastic surgery & found that many viewers respected her in private but ignored her in public due to perceptions of her surgeries
Data Services Primary
Finding the most reliable and direct source of information, which in this case is typically the consumer.
Data Services Secondary
Company collects data they then put into a service they then sell it. They do primary research and pulish it as a book of data for convenience
Syndicated Data Service
Gather and update data on various topics each year for clients who need secondary research. Companies will then subscribe to them for convenience
Customized Data Services
Representative will conduct research to answer a clients specific questions for exorbitant prices ranging $50k. Uses detailed situational and SWOT analysis
Target Audiences Segmentations (6)
GDSPGB (God’s Pig Barn)
A. Geographic Segmentation
B. Demographic Segmentation
C. Social Class Segmentation
D. Psychographic Segmentation
E. Geodemographic Segmentation
F. Benefit Segmentation
Geographic Segmentation (TA)
A company divides its market based on location, like country, region, or city. This helps businesses tailor their products and marketing to specific areas. ->Limited in olden days because of the rail road.
Demographic Segmentation
(TA)
Enduring characteristics: Gender, race, ethnicity, educational level, household income
Social Class Segmentation
(TA)
Psychological variable. Beliefs of each class: Middle vs Lower
Middle: Orderly world (Focused on future)
Lower class: Enjoyment (Focused on present)
*Gambling, Addictions
Psychographic Segmentation - William Wells (TA)
A “family of tests.” Chicago developer William Wells created 12 segments/life-types based off of 100 statistics & variables. Studied patterns & traits clustered together. Wells created video skits/stories depicting all 12 to clients to better understand their target audience.
Geodemographic Segmentation
Psychographics + Geographics
Birds of a feather -> Clumping neighborhoods/similar people together
Benefit Segmentation (TA)
Different from other segmentations, starts with the product NOT demographics. *The different reasons/segments people make in purchasing. The Categories of Why?
Research Strategy (2)
Learning Everything You Can About Product & Company
B. SWOT:Strengths, Weaknesses, Opportunities, Threats
What are the things you see where you can emphasize fields people have yet
SWOT
Strengths, Weaknesses, Opportunities
Agency Team
An agency team does a ____ analysis to create a ___ and design an ___.
Uses situational analysis to create a pitch and design the actual actual ad
Marketing Analysis
The investigation and creation of a product that can meet unmet/lacking needs as the market is growing and the standard of life is much higher.
Consumer Analysis (The 6 Segmentations)
Finding the main consumer and audience.
Key: Figuring out, who are these people, the people I want to advertise to. Segmenting the general population into meaningful groups for your ads. Media Buyer must know the audience.
20 VS 80
20% of the population is responsible for 80% of wealth/ideas.
The idea that every we’re all created equal but we dont all perform equally
The Most Important consumer group
The loyal/basic consume r -> Needs reinforcement campaigns
Product Analysis
6PS
4Ps (Product,Price,Place,Promotion) Thinks of the product, packaging, multi-uses, pricing and sales, selling locations, etc
Product Price Place Promotion Packaging Purpose
Competitive Analysis
Do not go after big stake holders, go after smaller competitors, analyze, copy, build off of them
Media Analysis
Studying competitor’s media, analyze their ads, calculate their totals.