Week 4 Flashcards
explain persuasion
is a function of the central message arguments and the peripheral cues
o E.g. What you say and how you say it
If you are elaborating (thinking/processing) relatively more, you will be relatively
more influenced by the message arguments
o If you are elaborating relatively less, you will be relatively more influenced by the peripheral cues
o E.g. the source, your mood, background aesthetics, etc.
You can increase the likelihood that someone will elaborate by:
- Increasing Motivation - Make the message relevant and important to the person
- Increase Opportunity – Provide consumers the ability to process the message
- Increase Ability – Help consumers comprehend the message (e.g. transfer meaning)
define cooperate advertising
Focuses not on specific products or brands but on a corporation’s overall image, or an economic or social issue relevant to the corporations interests
o Image advertising
o Issue/advocacy advertising
o Can be controversial
define market segment
A group of customers who share a similar set of wants and needs (e.g. dividing entire market into groups of 2/3)
explain market segmentation
– The act of dividing a market into distinct groups of customers who might require separate products and or marketing mixes
o Allows marketers to effectively deliver their marketing messages to a defined market segment
o Prevents waste of media coverage for people who are not part of that target market segment (non buyers)
o Ensures that a target segment has measurable, assessable, profitable and actionable characteristics
market segmentation must be
measurable, assessable, profitable and actionable characteristics
goal of segmentation
Align points of differentiation with specific needs, wants and values of the target consumer
o Allows you to define you message
o Choose the appropriate elements
o Choose the appropriate channels
explain segmentation
- Establish points of differentiation e.g. functional, symbolic or experiential features
- Identify consumers based on specific needs e.g. mobile camera for instargram vs chatting with family
- Group those consumers e.g. demographics, psychographics and values
- Determine which groups are large enough to support customized marketing communications
explain behavioural segmentation
- Behavioral segmentation e.g. occasion, usage rates, loyalty
- Determine underlying reasons for differences e.g. awareness, trial, attitudes
- Group those consumers e.g. Demographics, psychographics and values
- Determine which groups are large enough to support customized marketing communications
explain brand positioning
The key feature, benefit or image that a brand stands for in the target audience’s mind
o How the focal brand is positioned in the consumers’ mind
o How the competitor brands are positioned in the consumers’ minds
e.g. BMW = fast, strong safe etc.
define positioning statement
Position statement – Reflects how a marketer wants customers to think and feel about a particular brand
1. Should reflect a brand’s competitive advantage
2. It should motivate customers to action
e.g. difference between Coles & Woolworths
Generally speaking, successful brand positioning requires a communication stratergy that satisfies a single type of consumer need
Types of segmentation
undifferentiated
focused
differentiated segments
explain undifferentiated segmentation
Sending the same promotional message to everyone
o Mass Marketing, no segmentation
o Mass Advertising (TV, Billboards, etc.), P-O-S, Sales promotion
explain focused segmentation
Niche marketing
o Efforts are on a single tightly defined market
o Direct marketing (digital, specific magazines, etc.)
explain differentiated segments
two or more niches,
o Efforts are focused on two or more tightly defined markets
o Caution is needed to make sure messages are not inconsistent
Differentiation:
o Different positioning among segments is risky
o Messages should never be in conflict
o Differences are a function of context emphasis, or the attributes/benefits/specific product being communicated
e.g. Marketing travel companies provides a good examples of different attributes and benefits can be positioned differently e.g. status and luxury, taking a break, friends trip, embracing life