Lecture 9 Flashcards
Direct marketing
Whereby organisations communicate directly with target customers to generate a response/transaction e.g. direct mail, telemarketing
Direct Marketing Advantages
o Selective reach, segmentation capability, frequent potential, testing, timing, personalisation, costs, measurement of effectiveness
Direct Marketing disadvantages
image factors, accuracy, content support, rising costs, do no contact lists
INTERACTIVE/INTERNET MARKETING
Allows for a back-and-forth flow of information whereby users can participate in & modify the form and content of the information they receive in real time
Owned Media
A media channel that a brand owns such as their website, mobile site, blog or twitter account
Paid Media
The most traditional style of advertising, paid media is when a brand pays to leverage a channel such as display ads, paid search, or sponsorships
Earned Media
Is when consumers become the media talking (WOM). Earned media is often the result of well-executed and well-coordinated owned and paid media.
SALES PROMOTION
Those marketing activities that provide extra value or incentive to the sales force, distributors, or the ultimate consumer and can stimulate immediate sales