Class 7 - IMC Flashcards
Why Integrate?
In an ideal world, all of these channels work together:
Advertising: Create beautiful TV and digital ads promoting the launch
Sales: Trains sales employees on the selling features of the new phones
Digital: Implements targeted ad campaign on social media and engages in search-engine marketing for the new launch
PR: Organize press events, launch parties, and exclusive previews to showcase the new iPhone to journalists, influencers, and industry insiders.
All these channels need to agree on:
Core message: What new features do we want to highlight for consumers?
Timing: When should each of these be enacted? (e.g., the sales team should be ready for questions by the time the first ad is launched)
Data sharing: Determining which tactics and messages are effective during the campaign and reinforcing those across all channels
Budget: Teams need to prioritize and allocate budgets based on strategic objectives, expected and performance metrics
What is integrated marketing ?
Definition: The processes concerned with the consistent development and coordinated delivery of company’s messages with its target audiences.
includes both content and process:
Content : Message consistency across platforms such that brands achieve “one voice, one look” across all marketing materials
Process : An organizational structuring of a company or brand such that all the various communication disciplines are brought together
Types of Process integration
Non-integration is when most of the key channels are separate departments in the organization (or separate hired agencies), with no oversight or coordination.
Advertising - Public relations - Digital - Sales promotion - Sales
Fix the separate department problem: Putting all these functions within the same department (or by hiring them all out to the same ad agency).
Fixing the no oversight problem: Or you can fix this by designating one person (or a small group of people) to oversee all departments
Fixing the no coordination problem: Or you can fix this by having one or more people from all departments meet regularly to agree on goals. (regular meetings)
What is being integrated ?
Marketing mix :
All consumer touchpoints with the brand should be consistent
Promotional strategy should be consistent with price, product, and placement
Branding :
The brand should be able to adapt to different targets yet retain a consistent core proposition
Strategy :
The message of MarComms should align with the brand’s strategy
Ex. Ads discussing price with a low-cost strategy
Ex. Ads discussing added value and not price for differentiation
Employees :
All customer-facing employees of the brand should reflect the brand
Can be done through hiring decisions, training, and in-house documentation
Agencies :
If working with multiple ad agencies and contractors, it is important to provide them all with a consistent image for your brand so they can produce integrated products
Why is IMC important …
… within an organization
Enables an organization to become efficient & synergistic with its communications, which can lower costs
Increases accountability for all communications spending, which can help limit costs
Can provide direction and purpose for employees
… within the market
Being consistent across communication tools fosters trust and commitment from consumers
In a crowded media landscape, non-integrated communication can lead to information overload and misunderstandings
Reinforcing the same message across platforms may lead to better comprehension and recall
How to write an IMC
Step 1: Situational Analysis (3Cs)
Step 2 : Segmenting, targeting
3Cs
Customer: How does our product provide value to the customer?
Company: Who are we? Is the way we want to market consistent with our mission? Will people trust this message coming from us?
Competition: Who is competing to meet our customers needs? What is their value proposition?
Step 2 : Segmenting, targeting
Segment your market based on sociodemographic, geographic, psychographic, behavioural, and/or profitability
Choose the target market that is likely to be the most profitable based on size, growth, competition, and accessibility.
Marketing communications plans consist of the following elements
- Context analysis
- Communication objectives
- Marketing communications strategy
- Coordinated promotional mix
- Resources (human & financial)
- Scheduling and implementation
- Evaluation and control
- Feedback
- Context analysis
Purpose: To understand the key market and communication drivers that are likely to influence (or are already influencing) a brand’s ability to meet its long-term objectives.
Should include…
Who is Your Target?
What do we know about our target market (their needs, perceptions, motivation & attitudes)?
Should be based on market research
Media Preferences
What media does our target audience use?
What media do they trust?
Should be based on market research
Time Scales
How long is the campaign expected to run?
How long are we given to prepare it?
Resources
What is the monetary budget for the campaign?
Are there other resources (e.g., personnel, spaces) available?
Outsourcing
Which, if any, tasks should be outsourced to a marketing agency?
Communication objectives
Communication objectives should consist of two main elements:
Marketing Objectives
Derived from the marketing plan
Often sales-related (like desired market share, revenue, volume sold, ROI)
Marketing Communication Objectives
Goals regarding awareness, perception, knowledge, &/or attitudes
All objectives should always be formulated as SMART Goals
SMART objectives
Specific : The goal is concrete and tangible - everyone knows what it looks like
Measurable : The goal has an objective measure of success the everyone can understand
Attainable : The goal is challenging, but should be achievable with the ressources available.
Relevant : The goal meaningfully contributes to larger objectives like the overall mission.
Timely : This goal has a deadline or, better yet, a timeline of progress milestones.
Ex : marketing objectives
Increase market share to 25% within our target market by the end of 2025
Increase our 6 month repeat purchase rate to 3 by the end of 2025
Marketing Communication Objectives
Increase the number of views on our social media to an average of 10,000/post by the end of 2025
Increase repeat website visits to 40% by the end of 2025