chapter 18: advertising, public relations, and sales promotions Flashcards
steps in planning and executing advertising campaign
- paid communication or paid media
- variety of platforms
1. identify target audience
2. set advertising objectives
3. determine the advertising budget
4. convey the message
5. evaluate and select media
6. create advertisements
7. assess impact
identifying the target audience
- conduct research
use the information to set the tone
identify and select the right media
advertising strategies and objectives
pull strategy: end user focused
push strategy: channel focused
INFORM: create and build brand awareness, sales promotions, PERSUADE: typically occurs in the growth and early maturity stages when competition is intense, differentiation focus
REMIND: used to remind and or prompt new purchase, typically occurs after the product has gained market acceptance
advertising focus
- product/service focus
- institution focus
- public service announcements
determining advertising budget
CONSIDERATIONS
- role that advertising plays in meeting overall promotional objectives
- expenditures vary over the course of the product life cycle
- nature of the market and the product may influence the size of the budget
convey the message
UNIQUE SELLING PROPOSITION
NIKE: just do it
CAPITAL ONE: what’s in your wallet
STATE FARM: like a good neighbor, state farm is there
advertising appeal
- INFORMATIONAL APPEAL (helps consumers make purchase decisions by offering factual information)
- EMOTIONAL APPEAL (aims to satisfy consumers; emotional desires rather than their utilitarian needs)
- fear
- humor
- happiness
- sex/love
- comfort
- nostalgia/longing/yearning
evaluate and select media
media planning, media mix, media buy
advertise schedule
continuous, pulsing, flighting
creating advertisements
ADVERTISEMENTS
- the type of medium determines execution style
- creativity plays a major role
- creativity should not overshadow the message
- the execution style must match the medium and objectives
assessing advertising impact via key metrics
pretesting, tracking, prosttesting
sales promotions
- can be targeted at either the end user consumers or channel members
- can be used in either push or pull strategies
TYPES OF SALES PROMOTIONS - coupons
- discounts/rebates/deals
- premiums
- contests/sweepstakes
- samples
- loyalty programs
- pop displays
- product placement
- cross pomotions