Midterm 1 Flashcards
Advertising
paid, non-personal communication from an identified sponsor using mass media to persuade or influence an audience or coming up with creative solutions to solve marketing problems
Paid
Advertising needs to be paid by someone. The client provides the money necessary to buy the media where the ads will run.
Non-personal
Advertising is not written for a specific person, but rather is written for a large, mass audience
Identified Sponsor
the purpose of the ad– to communicate sponsor information to the consumer so they will purchase the product
Mass media
the mass media, which includes all forms of media, must be used to relay the sponsor’s message to consumers
Persuade or influence
Again, the purpose of the ad, to persuade or influence consumers to do something like purchase the product or to get them to respond in a certain way
Audience
there must be receivers of the message for there to be advertising
Characteristics of a great Ad: Strategy
your game plan– take into consideration the marketing objectives, the target market, the creative concept, and the necessary media
Characteristics of a great Ad: Creative
KEY to great advertising– Greats ads must be new, exciting, attention getting, and interesting
Characteristics of a great Ad: Execution
the devil is in the details, its the small things in the campaign that make all the difference
Characteristics of a great Ad: Media
selecting media that will be viewed by the greatest number of people
Brand Advertising
most visible, like Nike and stuff
Local/Retail Advertising
local advertising for like Smith’s and stuff- the coupons, anything local
Political Advertising
advertising for politicians
Regional Advertising
one or more states- southwest- similar to local, but just on a larger scale
National Advertising
want to advertise on a national level
Direct Response Advertising
encourages the consumer to respond directly to the advertiser- like using a coupon or visiting a website
Business to Business Advertising
when you are pitching to another business to do some thing together
Institutional Advertising
designed to build a businesses’ reputation in the minds of the public
Public Service Advertising
like don’t smoke campaigns
Volney Palmer
1st agency, space broker
NW Ayer
became more audience centered which allowed him to concentrate more on the needs of his clients. still used today
J Walter Thompson
expanded to women’s magazines because women controlled the finances
Bernice Fitz-Gibbon
pioneered retail ad- Macy tagline- it’s smart to be thrifty
Bill Bernbach
creative director DDB
Leo Burnett
Ads had personality- Tony Tiger and shit
David Ogilvy
Brand Image, story telling, power of brands, research
Rosser Reeves
Unique selling point
Jack Trout
Positioning
Mary Lawrence
I Love NY- Copywriter
Marketing
process to find and retain customers to make money
Market
Region and type of buyer
Consumer Market
s
Business to Business Market
s
Institutional Market
s
Reseller Market
s
4 Ps of Marketing Mix
Product, Price, Promotion, Placement
Product
The thing you are selling or the service
Price
the amount the consumer pays for the product or service
Promotion
the communication- the advertising, public relations, and promotions
Place
distribution, getting the product from the manufacturer into the hands of the consumer
Promotional Mix
Advertising, Public Relations, Sales Promotion, Online and Direct Marketing
Public Relations
a strategic communication process that builds mutually beneficial relationships between organizations and their publics
Sales Promotion
the media and non media marketing pressure applied for predetermined, limited period of time at the level of consumer, retailer, or wholesaler in order to stimulate trial, increase consumer demand, or improve product availability
Online and direct Marketing
a channel-agnostic form of advertising that allows businesses and nonprofits organizations to communicate straight to the customer, with advertising techniques that can include mobile, text messaging, email, interactive consumer websites, online display ads, fliers, catalog distribution, promotional letters, and outdoor advertising