MK 12 Integrated Marketing Communications I Flashcards
AIDA Model
Awareness
Interest
Desire
Action
Aided recall
When consumer know the brand when the name is given to them
Top-of-mind Awareness
Consumer mention brand name when asked about product
Channels used in IMC strategy
- online
- personal selling
- direct marketing
- advertising
- public relations
- sales promotion
Objective-and-task Method
Establish a set of communication objectives
determine the best media to reach target
how much will it cost
Rule-of-thumb Method
use prior sales and communication activities to determine the preset communication budget
Impressions
Number of times an ad appears in front of a user
Click-through rate (CTR)
The number of times a user clicks on an ad / the number of impressions.
Return on Marketing Investment (ROMI)
= (Gross Margin - Marketing expenditure)/ (Marketing Expenditure)
Steps in Planning and Executing an Ad Campaign
- Identify the target audience
- Set objectives
- Determine Ad budget
- Convey Message
- Evaluate and Select Media
- Create an Advertisement
- Assess Impact
Pull Strategy
get consumers to pull the product into the market channel by demanding it
Push strategies
Focus on demand on wholesalers, retailers by pushing to consumers
Informative Advertising
communication used to create and build brand awareness with the goal of moving the consumer through the buying cycle to purchase
Persuasive Advertising
when the product has gained a certain level of awareness, used to motivate consumers to take action.
- Growth and early maturity phases, when competition most intense
Reminder Advertising
remind or prompt repurchase
- gained market acceptance and in maturity phases