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According to Kotler –
What is Advertising?
Advertising is a marketing tactic involving paying for space to promote a
product, service, or cause. The actual promotional messages are called
advertisements, or ads for short. The goal of advertising is to reach people
most likely to be willing to pay for a company’s products or services and
entice them to buy.
Characteristics Of Advertising
Paid Form: Advertising requires the advertiser (also called sponsor) to pay
to create an advertising message, to buy advertising media slot, and to
monitor advertising efforts.
Tool For Promotion: Advertising is an element of the promotion mix of an
organization.
One Way Communication: Advertising is a one-way communication where
brands communicate to the customers through different mediums.
Personal Or Non-Personal: Advertising can be non-personal as in the case
of TV, radio, or newspaper advertisements, or highly personal as in the
case of social media and other cookie-based advertisements.
Advantages Of Advertising
Reduces Per-Unit Cost: The wide appeal of advertisements increases the
demand for the product which benefits the organization as it capitalizes on
the economies of scale.
Helps In Brand Building: Advertisements work effectively in brand
building. Brands who advertise are preferred over those which doesn’t.
Helps In Launching New Product: Launching a new product is easy when
it is backed by an advertisement.
Boosts Up Existing Customers’ Confidence In The
Brand: Advertisements boosts up existing customers’ confidence in the
brand as they get a feeling of pride when they see an advertisement of the
product or the brand they use.
Helps In Reducing Customer Turnover: Strategic advertisements for new
offers and better service helps reduce customer turnover.
Attracts New Customers: Attractive advertisements help the brand in
gaining new customers and expanding the business.
Educates The Customers: Advertisements inform the customers about
different products existing in the market and also educates them in what
they should look for in an apt product.
Disadvantages Of Advertising
Increases The Costs: Advertising is an expense to the business and is
added to the cost of the product. This cost is eventually borne by the end
consumer.
Confuses The Buyer: Too many advertisements with similar claims often
confuses the buyer in what to buy and should he buy the product or not.
Is Sometimes Misleading: Some advertisements use smart strategies to
mislead the customers.
Only For Big Businesses: Advertising is a costly affair and only big
businesses can afford it. This makes small businesses out of competition
with big businesses who get to enjoy a monopoly in the market.
Encourages The Sale Of Inferior Products: Effective advertisements even
lead to the sale of inferior products which aren’t good for the consumers.
Promotion Mix
Definition: The Promotion Mix refers to the blend of several promotional tools used by the
business to create, maintain and increase the demand for goods and services.
The fourth element of the 4 P’s of Marketing Mix is the promotion; that focuses on creating the
awareness and persuading the customers to initiate the purchase. The several tools that facilitate
the promotion objective of a firm are collectively known as the Promotion Mix.
The Promotion Mix is the integration of Advertising, Personal Selling, Sales Promotion, Public
Relations and Direct Marketing. The marketers need to view the following questions in order to
have a balanced blend of these promotional tools.
1. Personal selling
2. Advertising
3. Direct marketing
4. Sales promotions
5. Public relations
Page Contents
1) Personal selling
It is a part of the promotional mix which involves a one to one
communication between buyers and customers (either potential or already
customers). As it is a one-to-one communication, it generates direct contact
with prospects and customers. Even though it is considered to be one of
the most expensive forms of promotion, it is also considered to be the most
successful as a seller-buyer relationship can be created and developed.
2) Advertising
One of the key factors in the promotional mix, which contributes to brand
building and also how the market perceives the company, is advertising. It
is always a big part of the promotional mix because of the far and wide
reach of advertising and the message that you can send to your existing
and potential customers. Good advertising can build a solid brand for the
company. On the other hand, bad advertising with a wrong message, can
cause the brand or product to fail.
3) Direct marketing
While advertising targets a mass-audience, direct marketing targets
prospects and customers. Social media marketing, Email marketing,
Internet marketing are all types of direct marketing used by companies.
They have become important in the promotional mix lately because people
are using internet far more than they used to a decade back. Company’s
employ direct marketing in order to engage in one-way communication with
its customers, about product announcements, special promotions, order
confirmations as well as customer inquiries.
4) Sales promotions
Sales promotions are one of the most common types of promotion used by
companies. Their main purpose is to stimulate purchasing and sales. While
it has the potential of increasing sales, it is also beneficial for informing
prospects about new products on the market or just to recapture old or lost
customers. Such examples include: coupons, product samples, etc.
5) Public relations
Lastly, public relations enable an organization to influence
a target audience and through this, create a favorable and positive image
for the company. The company tries to connect with the audience by
sharing information with them about the company and about the product. If
anything goes wrong on the information front, the public relations dep While
establishing your own promotional mix, you need to consider and decide
upon several factors:
Integrated Marketing
Communications
Integrated Marketing Communications is a simple concept. It ensures that
all forms of communications and messages are carefully linked together.
Promotion is one of the Ps in the marketing mix. Promotions has its own
mix of communications tools.
Fundamentals of advertising
Advertising Strategy
The advertising strategy is different from your creative or copy strategy. Your ad strategy
communicates the message that will move your target audience's current beliefs and usage of
your brand to a desired position of beliefs and usage. The advertising strategy includes a
description of your target audience and the message you want that audience to receive. Your
target audience will be one or more of the customer groups previously discussed, any of which
might be narrowed further through your audience research. Your advertising message will
evolve out of knowledge gained about usage and attitudes toward your business or brand.
Strategy is where audience analysis and message content precede your advertising objective.
You need to know the consumers you are targeting and the message that resonates before
discussing your objective for that audience in terms of response to your message.
Advertising Tactics
Your advertising tactics, sometimes called the "tactical plan," make up the specifics of "how"
your advertising strategy will be executed. The two primary components of your tactical plan are
your creative or copy strategy and your media strategy. Advertising tactics are normally the
exclusive domain of the advertising agency. The creative strategy translates the target audience
and messaging guidance from your advertising strategy into specific guidelines for agency art
directors and copywriters to create the actual advertising product. The media strategy specifies
the media vehicles that will be used to effectively and efficiently reach the target audience.
Advertising is a specialized field. Get help from a reputable ad agency if you plan to spend
significant dollars on advertising and check their credentials and references.
An advertising copy is a term used to describe the main text used in the
advertisement. The text could be a dialogue, a catchy punch line or a
company’s dictum.
2. Slogans:
Slogans are made of words and sentences. They are expressed in a
rhythmic manner. Slogans are used for every type of advertisement
such as TV, radio, outdoor, and print media. Slogans are presented
or written at the beginning, at the middle, or at the end of
advertisement.
3. Text:
The text is the central part of ad copy. It contains a description. It is
prepared with reference to advertising objectives. For example, a
company gives more description if company’s objective is to provide
more information. Text should neither be too lengthy nor be too
short. Text includes theme or appeal to the customers.
ADVERTISEMENTS:
4. Illustration:
Illustrations are used to make the advertising claim clear and
attractive. Here picture, character, cartoons, charts, etc., are used to
illustrate an use of the product. In the illustration, claims are made
through celebrities. In many cases, they are shown using the
products.