MarComms Flashcards
Define IMC
- Integrated Marketing Communications
- The integration of all marketing activities associated with planning, developing, implementing and evaluating brand communication programs
- Makes use of a combination of marketing communication tools
Stages in the marketing communications funnel
- Awareness
- Consideration
- Conversion
- Loyalty
- Advocacy
MarComms tactics for different stages of the funnel
- Awareness
- Online ads - Consideration
- SMIs, content marketing - Conversion
- Sales promotion - Loyalty
- Targeted EDMs - Advocacy
- Brand activism
4 general segmentation types
- Demographics
- Geodemographic
- Psychographics
- Behaviourgraphics
Segmentation types by ease of measurement and predictability of customer choice behaviour
- Demographics
- Easy to measure, low predictability - Geodemographics
- Slightly easy to measure, slightly low predictability - Psychographics
- Slightly difficult to measure, slightly high predictability - Behaviourgraphics
- Difficult to measure, high predictability
Define a market segment
A group of customers who share a similar set of needs and wants
- Allows for effective delivery of the marketing message
- Based on similar needs and wants but also consumption behaviours
Key steps in segmentation
- Segments share demographics, values / lifestyles, behavioural characteristics
- Measureable, accessible, profitable and actionable charactertistics
3.
a) Separate customers into similar product-related needs
b) Identify consumers with similar needs and wants
c) Group customers according to segmentation variables
d) Select groups large enough to support customised marketing strategies
Behavioural segmentation
- segmenting based on buying and consumption behaviour
- Traditionally used after product launch
- e.g product use, level of use, occasion, benefits saught
Online behavioural targeting
- Tracking visitors’ online site-selection creates a date profile of the visitor that can be used to place them in segment
- can include pages visited, length of time spent on page, links clicked, searches performed
Behavioural segmentation: 3 ways to find target market
- Geotargeting: IP-based
- Dayparting: restricting display ads to potential customers
- Domain management: Data and online presence protection
Demographic segmentation trends
- Changing age structure
- Population growth and geographical dispersion
- Changing household composition
- Ethnic groupings
Geodemographic segmentation
- Conjunction of geography and demography
- Premise is that people living in the same area share similarities
Psychographic segmentation
- Based on psychological traits and how they influence consumption
- 3 underlying bases
1. Personality
2. Lifestyle
3. AIO (Activities, Interests, Opinions)
Psychographic segmentation: personality and lifestyle
Big 5 = traits a person possesses that indicate an enduring way of thinking, feeling and acting
1. Agreeableness
2. Emotional stability (Neuroticism)
3. Openness to experience
4. Extraversion
5. Conscientiousness
Lifestyle
- How a person chooses to live their life (e.g student, work, athletic)
Psychographic segmentation: AIO components
Activities
- Work
- Hobbies
- Social events
Interests
- Family
- Home
- Job
Opinions
- About themselves
- Social issues
- Politics
Define diversity marketing
- Process of considering and presenting individually varying identities into the brand’s marketing decisions and activities
- Aim of absolving marketplace discrimination
Trend away from demographics
Has led to stereotyping and marketplace discrimination
Components of diversity marketing (promotion most important)
Product: Offerings inclusive of broader audiences
Place: Equal access
Promotion: portray in a variety of social roles and contexts
Price: No unfair taxes etc.
Key components / takeaways of diversity marketing communications
- Audience connectedness is a means of success and shows target audience resonance
- Three key aspects at play
1. Effective marketers approach to diversity
2. Perceived diversity
3. Belief congruence - Positivity in all 3 domains:
– Positive ad and brand attitudes, societal outcomes
Approaches to diversity model
Axis: order of entry (late / early), depth of diversity integration (surface or deeper)
Passive
- Early entry, surface level
- Mid-level commitment
Performative
- Late entry, surface level
- follower and market driven
- Low commitment
Transformative
- Early entry, deeper level
- Integration across multiple marketing mix elements
- High commitment
Adaptive
- Late entry, deeper level
- Mid-level commitment
Five functions of advertising
- Informing
- new brands, educate features / new uses for existing brands, increase demand for existing brands - Persuading
- Influences primary demand (product category
- builds secondary demand (the brand) - Reminding
- Keeps brand fresh in mind, can encourage brand switching - Adding value
- Advertising adds value by influencing perceptions
- products: product innovation, improving product quality, altering consumers’ perceptions - Assisting other company efforts
- e.g lend credibility to salespeople’s claims
Setting marketing communication objectives
- An expression of marketing management consensus
- Guide the budgeting, message and media aspects of a brands’ advertising strategy
- Provide standards against which results can be measured
Setting achievable advertising objectives
- Include precise statement of who, what and when
- Be quantitative and measurable
- Specify the amount of change
- Be realistic
- Be internally consistent
- Be clear and put it in writing
Some key communication objectives
- awareness and salience
- create imagery and personality
- build trust
- instill loyalty
- connect people
Brand loyalty and advocacy + generating consumer loyalty
- Highest tier of marketing communications funnel
- Create preference + reduce consumer’s brand switching tendency
- Refer more business to you from friends and family: advocate is one of the biggest indicators for success
Generating consumer loyalty requires:
- providing a brand that satisfies consumers’ needs
- continuous advertising to reinforce consumers’ brand-related beliefs and attitudes
The funnel trends
- Loyalty is a sequential process
- Need marketing activities that support particular or multiple stages of the funnel
- Loyalty and advocacy are not everything (Top 20% of customers generate 50% of sales; other 50% is elsewhere = light users)
Creative strategy types / orientation
Disruption v tangible focused
- Functional orientation
- tangible focused, low disruption - Experiential orientation
- low tangible focus, low disruption - Dominance orientation
- high tangible focus, high disruption - Transformational orientation
- low tangible focus, high disruption
Functional orientation creative strategy
- tangible focused, low disruption
- Focused on product attributes and benefit to customer
- low differentiation from competitors
- e.g Head and Shoulders
Experiential orientation creative strategy
- Low disruption, less tangibly focused
- Social and emotional benefits / experiences
- Low differentiation from competitors
-E.g Herbal Essences
Dominance orientation creative strategy
- tangible focus, high disruption
- Focused on product attributes and benefit to customer
- added superiority through technology or expertise
Transformational orientation creative strategy
- High disruption, less tangible focus
- focused on social and emotional benefits and experiences
- superiority through innovative idea original to competitors
Brand codes
- include logo, font, sound, characters, colour, shape
Creative tactics - visual
- Brand logo
(brand name and logo should be early on) - Colour
(e.g red = love, green = life; increase attention, recall) - Imagery
- Text
(includes font - serif, sans-serif, display)
Creative tactics - non visual
- Message appeal
- Music and sound
(attract attention, positive mood, more receptive to message arguments) - Slogans and taglines
(short phrase to establish image, identity, memorable, shorthand association, provide info) - Brand name
Message appeals
- Approach to attract attention or influence feelings
- Hedonic needs and informational needs satisfied with either messages that make them feel good or supply facts
Appeal types - Fear
- Humour (hedonic)
- Guilt
- Sex
- Rational (informational)
- Scarcity
Rational appeal
Informational, use logic, facts and data to convince
- e.g for medications
- Focus on functional need and utlitity of product
Adv / dis
- Enhance trust
- Demonstrate benefit
- Easy to comprehend
- No advantage over non-humour
- Less attention
- Fact check
- Dull
Scarcity appeal
- FOMO (fear of missing out)
- Sales, limited editions
Adv / dis
- CTA
- Urgency
- Attention
- Can make brand seem illegitimate (if overused esp)
- May not be long term
Emotional appeals (umbrella term)
- Persuade through emotions
- Not about brand info
- Humour, happiness, nostalgia, morality are common
Morality appeal
- Good for social movements e.g diversity, equal rights
- Raise awareness for higher purpose, leverage brand associations
Adv / dis
- Awareness to bigger cause
- Higher attitudes
- Influence society
- Improve ethics of brand
- Can be seen as inauthentic or woke washing
- May blur product message
Humour appeal
- Incongruity resolution
- Once humour is detected, favourable attituds
Adv / dis
- Create awareness + attract attention
- Increase attitudes
- Does not necessarily harm comprehension
- Does not offer advantage over non-humour for persuasion
- Does not enhance credibility
- More successful with established brands
- Dependent upon product type (serious products shouldn’t use etc.)
Fear appeal
- Fear of not using product (can include social fear)
- Fear of a behaviour (e.g drugs)
- Often used with logic to increase involvement
- Have the appropriate intensity (greater topic relevance = lower threat intensity to activate response) - Might mean unknown topics need more intensity
Guilt appeal
- Trigger negative emotions to take responsible action
- Focus on future and past transgressions
- E.g starving children
Negative advertising appeals (Fear, guilt) adv, dis
- Attention
- Memorable
- Good to deter behaviour
- Can make audience switch off
- Not effective for all brands
- Can create negative brand image
- Ethically questionable at times
- Can effect when and where ad is delivered (age ratings etc. subject matter)