Professional Documents
Culture Documents
ON
“IMPACT OF ADVERTISEMENT AND
EFFECTIVENESS OF ADVERTISING”.
Submitted By:-
Abhishek Dixit (FC12-121)
Neha Paul (FC12-149)
Sapna Arora (FC12-165)
Saumya Gupta (FC12-166)
Vaibhav Srivastav(FC12-177)
Index
1
1. Preface 3
2. Acknowledgment 4
3. Declaration 5
4. Legislative review 6
5. Executive summary 8
6. Introduction 10
i. Brief history on advertisement 11
ii. Type of advertising 13
iii. Profile of major media type 19
iv. Objective of advertising 20
v. Importance of advertising 21
vi. Advertising effectiveness 23
vii. Creating better advertising 27
viii. Power of advertising 29
ix. Significance of studying advertisement 29
x. Element of successful advertising 35
7. Statistics and facts about the global advertising market. 36
8. Theoretical perspective 42
9. Advertising campaigns 45
10.Industry overview 53
11.Top T.V. and print advertisers 59
12.Advertisement with reference to top three sectors 64
13.Memorable ads proper taglines 65
14.Project outline 72
15.Objective of study 72
16.Research methodology 73
17.SPSS Analysis 79
18.Finding 85
19.Recommendation 86
20.Limitations of the study 87
21.Conclusion 88
22.Bibliography 89
23.Annexure 90
2
PREFACE
A technologist said, “THE THEORETICAL KNOWLEDGE REINFORCED WITH THE
PRACTICAL WORK MAKES AN MBA PERFECT IN HIS FIELD”.
And hence, going by this quote, we have prepared this project which has
proved to be of a specialized nature. During the tenure of this project, we
could understand the practical aspect of the subject matter which till now we
could read only in the relevant books. We are confident that the findings from
this project would prove to be very helpful and prove to be an asset.
There are people who simply by being there influence and inspire to do things.
We are grateful to Dr. J.K. GOYAL , director of JAGAN INSTITUTE OF
MANAGEMENT STUDIES for creating a condusive environment in the institute
for a purposeful education.
We would also like to thank all the respondents as without their cooperation
our project would have not been possible.
Last but not least , we feel indebted to all those persons who have helped us
directly or indirectly in the successful completion of the project.
Submitted by-
Abhishek Dixit
Neha Paul
Sapna Arora
Saumya Gupta
Vaibhav Srivastav
DECLARATION
We solemnly declare that the project report entitled “IMPACT OF
ADVERTISEMENT AND EFFECTIVENESS OF ADVERTISING” submitted by us for
the requirement of partial fulfilment of post graduate diploma in management
from Jagan institute of management studies , Rohini , New Delhi is the result of
our immense efforts and determination.
The data and facts presented in the report are authentic to the best of our
knowledge.
The work done by us is original and no copy of it has been submitted to any
other university for award of any other degree, diploma and fellowship on
similar topic.
LITERATURE REVIEW
The aim of the paper is to research and to monitor and control the encoding
phase, too often neglected by the doctrine and operators in the
communication process. The project investigate the degree of coincidence /
discordance between what is conveyed through the advertising and what is
actually understood by some consumers. The object of investigation is the
verbal text of the spot in order to verify the level of understanding of the
message and, if necessary, to find the reasons of a wrong perceived meaning.
Advertising effectiveness can be defined as the extent to which advertising
generates a certain desired effect. Measuring the effects of advertising is very
important, given the amount of investments needed for advertising. While it is
not possible to obtain a global measure of the advertising effectiveness, we
should seek to develop and apply methods and measures for a partial
verification of results. Regarding the difficulty of measuring the overall
effectiveness, we believe that it is due essentially to the following
considerations:
advertising interacts with other business variables (behavior, marketing
policies, financial decisions etc.) and environmental variables
(competition, economic conjuncture etc.), hardly isolable;
the effects of advertising are varied and not always translatable into
quantitative terms;
advertising causes long-term effects, not always, therefore, the results
occur in the same period in which are the costs.
In literature and practice the evaluation of advertising effectiveness has
used two basic models:
the dichotomous model;
the three-dimensional model.
The dichotomous model is applied mainly in product and brand advertising,
tending to isolate and evaluate separately the following:
sales effect;
communication effect.
The sales effect refers to the assessment of the capability of advertising to
affect the sales volume and/or the market share, regardless of the possible
influence of other variables.
The effect of communication refers to the ability to reach, with appropriate
messages, a more significant share of public.
On the face of it these seem like two fairly obvious questions. But they are
significant. Advertising can be a very expensive promotional tool. It is widely
believed that much advertising spend is wasted.
Why advertise:
What to advertise?
Factors that help answer the question “ what are we advertising” basically
focus on what actually advertising message should be. In general there are
really only two kinds of advertising message,
A unique selling proposition is the customer benefit that no other product can
claim.
In reality, these are rare , although that does not stop a marketer from
claiming for their products.
Secondly, the thing that is being does it add value , and if so how.
Seen
Believed
Remembered
Acted upon by target customers
INTRODUCTION
Advertising or advertising is a form of communication for marketing and used
to encourage, persuade, or manipulate an audience (viewers, readers or
listeners; sometimes a specific group) to continue or take some new
action.Most commonly, the desired result is to drive consumer behavior with
respect to a commercial offering, although political and ideological advertising
is also common.
In Latin, ad vertere means "to turn the mind toward.” The purpose of
advertising may also be to reassure employees or shareholders that a company
is viable or successful.
Egyptians used papyrus to make sales messages and wall posters. Commercial
messages and political campaign displays have been found in the ruins
of Pompeii and ancient Arabia. Lost and found advertising on papyrus was
common in Ancient Greece and Ancient Rome. Wall or rock painting for
commercial advertising is another manifestation of an ancient advertising
form, which is present to this day in many parts of Asia, Africa, and South
America. The tradition of wall painting can be traced back to Indian rock
art paintings that date back to 4000 BC.[8] History tells us that Out-of-home
advertising and billboards are the oldest forms of advertising.
As the towns and cities of the Middle Ages began to grow, and the general
populace was unable to read, signs that today would say cobbler, miller, tailor
or blacksmith would use an image associated with their trade such as a boot, a
suit, a hat, a clock, a diamond, a horse shoe, a candle.
19th Century
Thomas J. Barratt from London has been called "the father of modern
advertising". Working for the Pears Soap company, Barratt created an effective
advertising campaign for the company products, which involved the use of
targeted slogans, images and phrases. One of his slogans, ""Good morning.
Have you used Pears' soap?" was famous in its day and well into the 20th
century.
20th centuary :
At the turn of the 19th to 20th century, there were few career choices for
women in business; however, advertising was one of the few. Since women
were responsible for most of the purchasing done in their household,
advertisers and agencies recognized the value of women's insight during the
creative process.
In the early 1920s, the first radio stations were established by radio equipment
manufacturers and retailers who offered programs in order to sell more radios
to consumers. As time passed, many non-profit organizations followed suit in
setting up their own radio stations, and included: schools, clubs and civic
groups.
This practice was carried over to commercial television in the late 1940s and
early 1950s. A fierce battle was fought between those seeking to
commercialise the radio and people who argued that the radio spectrum
should be considered a part of the commons – to be used only non-
commercially and for the public good.
In the 1960s, campaigns featuring heavy spending in different mass media
channels became more prominent. For example, the Esso gasoline company
spent hundreds of millions of dollars on a brand awareness campaign built
around the simple and alliterative[21] theme Put a Tiger in Your Tank.
The late 1980s and early 1990s saw the introduction of cable television and
particularly MTV. Pioneering the concept of the music video, MTV ushered in a
new type of advertising: the consumer tunes in for the advertising message,
rather than it being a by-product or afterthought. As cable and satellite
television became increasingly prevalent, specialty channels emerged,
including channels entirely devoted to advertising, such as QVC, Home
Shopping Network, and Shop TV Canada.
With the advent of the ad server, marketing through the Internet opened new
frontiers for advertisers and contributed to the "dot-com" boom of the 1990s.
Entire corporations operated solely on advertising revenue, offering everything
from coupons to free Internet access. At the turn of the 20th to 21st century, a
number of websites including the search engine Google, started a change in
online advertising by emphasizing contextually relevant, unobtrusive ads
intended to help, rather than inundate, users. This has led to a plethora of
similar efforts and an increasing trend of interactive advertising.
TYPES OF ADVERTISING
Virtually any medium can be used for advertising. Commercial advertising
media can include wall paintings, billboards, street furniture components,
printed flyers and rack cards, radio, cinema and television adverts, web
banners, mobile telephone screens, shopping carts, web pop-ups, skywriting,
bus stop benches, human billboards and forehead advertising, magazines,
newspapers, town criers, sides of buses, banners attached to or sides of
airplanes ("logo jets"), in-flight advertisements on seatback tray tables or
overhead storage bins, taxicab doors, roof mounts and passenger screens,
musical stage shows, subway platforms and trains, elastic bands on disposable
diapers, doors of bathroom stalls, stickers on apples in supermarkets, shopping
cart handles (grabertising), the opening section of streaming audio and video,
posters, and the backs of event tickets and supermarket receipts. Any place an
"identified" sponsor pays to deliver their message through a medium is
advertising.
Infomercials
An infomercial is a long-format television commercial, typically five
minutes or longer. The word "infomercial" is a portmanteau of the
words "information" & "commercial". The main objective in an
infomercial is to create an impulse purchase, so that the consumer sees
the presentation and then immediately buys the product through the
advertised toll-free telephone number or website. Infomercials describe,
display, and often demonstrate products and their features, and
commonly have testimonials from consumers and industry
professionals.
Radio advertising
Online advertising
New media
Product placements
Press advertising
Billboard advertising
In-store advertising
Street advertising
Telemarketing
Objectives of Advertising
Four main Objectives of advertising are:
i. Trial
ii. Continuity
iii. Brand switch
iv. Switching back
1. Trial: the companies which are in their introduction stage generally work
for this objective. The trial objective is the one which involves convincing
the customers to buy the new product introduced in the market. Here,
the advertisers use flashy and attractive ads to make customers take a
look on the products and purchase for trials.
2. Continuity: this objective is concerned about keeping the existing
customers to stick on to the product. The advertisers here generally
keep on bringing something new in the product and the advertisement
so that the existing customers keep buying their products.
3. Brand switch: this objective is basically for those companies who want
to attract the customers of the competitors. Here, the advertisers try to
convince the customers to switch from the existing brand they are using
to their product.
4. Switching back: this objective is for the companies who want their
previous customers back, who have switched to their competitors. The
advertisers use different ways to attract the customers back like
discount sale, new advertise, some reworking done on packaging, etc.
Yes, advertising plays very important role for the producers and the
sellers of the products, because
Advertising helps increasing sales
Advertising helps producers or the companies to know their
competitors and plan accordingly to meet up the level of
competition.
If any company wants to introduce or launch a new product in
the market, advertising will make a ground for the product.
Advertising helps making people aware of the new product so
that the consumers come and try the product.
Advertising helps creating goodwill for the company and gains
customer loyalty after reaching a mature age.
The demand for the product keeps on coming with the help
of advertising and demand and supply become a never
ending process.
3. Advertising is important for the society
Advertising helps educating people. There are some social issues also
which advertising deals with like child labour, liquor consumption, girl
child killing, smoking, family planning education, etc. thus, advertising
plays a very important role in society.
ADVERTISING EFFECTIVENESS
A second barrier to better advertising is the belief that sales performance will
tell if the advertising is working. Unless the sales response to the advertising is
immediate and overwhelming, it is almost impossible to use sales data to
judge the effectiveness of the advertising. So many variables are beyond our
control, as noted, that it’s impossible to isolate the effects of media advertising
alone. Moreover, some advertising works in a few weeks, while other
advertising might take many months to show positive effects, and this delayed
response can confound our efforts to read the sales data. Also, advertising
often has short-term effects that sales data might reflect, and long-term (years
later) effects that most of us might easily overlook in subsequent sales data.
Because of these limitations, sales data tends to be confusing and unreliable as
an indicator of advertising effectiveness.
These are image ads, and you can’t test imagery with standard
advertising testing techniques.
We are in a new age, with new media and new messages, and none of
the old copy testing measures apply any more.
The fourth barrier to more effective advertising is the big creative ego. The
belief that only the “creatives” in the agency can create advertising—and the
conviction that creativity is their exclusive domain—constitute a major barrier.
Great advertising tends to evolve over time, with lots of hard work, fine-tuning,
and tinkering—based on objective feedback from target consumers. Big
creative egos tend to resist such evolutionary improvements. We have seen
great campaigns abandoned because agencies would not accept minor tweaks
to the advertising. To be fair, big egos are not limited to advertising agencies.
Big client egos can also be a barrier to good advertising. Research firm egos are
yet another problem. Big egos create barriers because emotion is driving
advertising decision making instead of logic, reason, and consumer feedback.
Big egos lead to bad advertising.
A fifth barrier to better advertising is the widespread belief that one’s major
competitors know what they are doing. So, just copy the advertising
approaches of the competition, and success will surely follow. We recently had
a client who was about to copy the advertising strategy of a major competitor,
but we were able to persuade the client to test all major competitive
commercials as a precaution before blindly copying the competitor’s
advertising approach. This competitor was the industry leader in market share
and profitability. Our testing quickly revealed that this industry leader was the
industry leader in spite of its bad advertising. The testing also revealed that
another competitor, in contrast, had great advertising. Needless to say, the
client’s desire to copy the industry leader quickly vanished.
The sixth barrier to better advertising is lack of strategy, or having a poor
strategy. The client is most often at fault here. The client has not done his
homework, has not thought deeply about his brand and its future, and has not
developed and tested strategy alternatives. The client tells the agency to go
forth and create great advertising, without providing any strategy guidelines.
The agency is left to guess and speculate about strategy. Great advertising is
rarely created in a strategy vacuum. If the client cannot define a sound
strategy, the agency cannot create great advertising. Again, the responsibility
for strategy falls squarely on the client.
The eighth and last barrier to better advertising is poor copy testing by
research companies. Many advertising testing systems are limited to a few
markets (and cannot provide representative samples). Some systems are so
expensive that the cost of testing exceeds the value of the results. Research
companies have been guilty of relying on one or two simplistic measures of
advertising effectiveness, while completely ignoring many other very
important variables. For instance, for several years research companies argued
publicly over which was more important, persuasion measures or recall
measures? The truth is that both are important, but of greater import is the
fact that neither of these measures alone, or in combination, measures
advertising effectiveness. To judge the effectiveness of an ad, many different
variables must be measured and considered simultaneously.
Creating Better Advertising
Given all of these barriers to better advertising, how can client, agency, and
research company work together to create more effective advertising?
1. The client must craft a sound strategy for its brand, based on facts, not
wishful thinking and self-delusion. The client must carefully define the
role of advertising in the marketing plan and set precise communication
objectives for the advertising. What exactly does the client want the
advertising to convey, to accomplish? Agencies are too often asked to
create advertising in an informational vacuum. Agencies are not miracle
workers. Once strategy and positioning alternatives are identified and
tested, the strategy should be locked down…and rarely changed
thereafter.
5. Build your own “action standards” over time. As you test every
execution, you will begin to learn what works and what doesn’t work.
Think of the pretesting company’s norms as very crude, rough indicators
to help you get started with a testing program. But, as quickly as
possible, develop your own norms for your category and your brand
(yes, all of the advertising effectiveness measures vary by product
category and brand). What you are searching for, long-term, are not
norms, but action standards (that is, the knowledge that certain
advertising testing scores will translate into actual sales increases).
1. Direct Rating Method - here, customers are directly asked to rate the
advertisement and then these rating are calculated.
2. Portfolio Tests - here, the customers see the ads and listen carefully to
the ads and all the contents of the ads and then they are asked to recall
the ad and the contents. Then the calculations are done with help of
this data.
3. Laboratory tests - here, the apparatus to measure the heart rates, blood
pressure, perspiration, etc are used on the customer after he watches
the ad, to know the physiological reactions of the body.
Sales Effect Research totally depends on the sales of the company. The sales
keep varying from time to time. There are some factors affecting sales like
product availability, the price of the product, contents of the product, and
sometimes the competitors. So this method is a little difficult than the
communication one. The company doing sales effect research generally
bothers about the sales of the product, they try to know whether or not the
money they are spending on the ads is enough or excess.
As earlier said, it is not possible to measure each and everything and the
chances are at the lower end if the company has many ads running through
various mediums at the same time. So suggestion is that the advertiser or the
company should use appropriate and different methods which are most
suitable for the media under use.
The company can hold surveys and product recognition tests
Questionnaire or feedback flyers can be distributed and customers
could be asked to fill it up.
Toll free number can be highlighted on the ads so that customers
can call up.
The response rates can be increased by telling customers what to do.
For e.g. some ads have lines in flashy color like “Hurry Up” or “No
one can eat just one” or “be the first” etc.
These are the traditional ways. Now days, internet is the modern tool for
measuring the effectiveness of an advertisement. There are some types such
as:
Integrated direct marketing - This is an internet based tool where they have a
response corner designed on the websites. Whenever the customers visit the
sites, they fill up their contact details and give feedbacks. Thus the company
supplies more information and sends newsletters and also gets the idea for
further action. But then its not that only online advertiser have this facility but
then advertisers who don’t work online can use coupons, discount vouchers,
etc. to do this.
Analysis tool - there is an analysis tool available on internet by using which the
advertiser will know how many customers are visiting the site, who are
shopping online, how many pages are viewed, etc. which in turn will help
advertiser to measure the effectiveness.
Internet is the most easy, cheaper and cost effective way to measure the
effectiveness because here no money is wasted as the ad is only viewed when
the customer want to view it where as in normal print method or using TV, the
ad sometimes goes unwatched or unattended and viewed for the sake of
viewing.
The effectiveness of advertising in a particular media may also be measured in
any of the following ways;
By giving different addresses to different media,
Different newspapers may be selected for advertisements of different
departments,
Coupon blank etc. May be provided with the advertisement or
Enquiry from consumers should mention the name of the source of
information.
The technique is known as keying the advertising. Thus in measuring the
effectiveness of advertising we include measuring of the effectiveness of
advertising campaign, advertising copy and the effectiveness of individual
media. This chapter deals these three problems.
Importance of measuring the Effectiveness of Advertising
It acts as a Safety measure: Testing effectiveness of advertising helps in finding
out ineffective advertisement and advertising campaigns. It facilitates timely
adjustments in advertising to make advertising consumer oriented and result
oriented. Thus waste of money in faulty advertising can be avoided.
Provides feedback for remedial measures: Testing effectiveness of advertising
provides useful information to the advertisers to take remedial steps against
ineffective advertisements.
Avoids possible failure: Advertisers are not sure of results of advertising from a
particular advertising campaign. Evaluating advertising effectives helps in
estimating the results in order to avoid complete loss.
To justify the Investment in Advertising: The expenditure on advertisement is
considered to be an investment. The investment in advertising is a marketing
investment and its objectives should be spelt out clearly indicating the results
expected from the campaign. The rate and size of return should be determined
in advance. If the expected rate of return is achieved in terms of additional
profits, the advertisement can be considered as effective one.
To know the communication Effect: The effectiveness of the advertisement can
be measured in terms of their communication effects on the target consumers
or audience. The main purpose of advertising is communicated the general
public, and existing and prospective consumers, various information about the
product and the company. It is therefore desirable to seek post measurements
of advertising in order to determine whether advertisement have been seen or
heard or in other words whether they have communicated the theme,
message or appeal of the advertising.
Compare two markets: Under this procedure, advertising is published in test
markets and results are contrasted with other. Markets – so called control
markets – which have had the regular advertising program. The measurements
made to determine results may be measurements of change in sales, change in
consumer attitudes, changes in dealer display and so on depending upon the
objectives sought by the advertiser.
SIGNIFICANCE OF ADVERTISING
When running a business, advertising your products and services is one of the
most effective ways to bring in new customers and generate sales. In the
process of creating an advertisement, several elements should be included to
improve results. By improving advertising efforts, business could directly
improve its bottom line.
Features
Internet
TV
Print media
Radio
INTERNET: Global internet advertising revenue from 2007 to 2016 (in billion
U.S. dollars)
The timeline presents the global internet advertising revenue from 2007 to
2010 and provides a forecast until 2016. In 2010, the global internet
advertising revenue amounted to almost 75.6 billion U.S. dollars. The
compound annual growth rate for the period from 2012 to 2016 is projected to
be 15.9 percent.
TV: The timeline presents global television advertising revenues from 2007 to
2010 and provides a forecast until 2016. In 2010, global television advertising
revenue amounted to about 179.48 billion U.S. dollars. The compound annual
growth rate for the period from 2012 to 2016 is projected to be 6.6 percent.
PRINT MEDIA: The spending on print advertising worldwide from 2000 to 2009
and a forecast until 2016. In 2000, global spending on print advertising
amounted to 152.2 billion U.S. dollars.
RADIO: The spending on radio advertising worldwide from 2000 to 2009 and a
forecast until 2016. In 2000, global spending on radio advertising amounted to
30.2 billion U.S. dollars.
From fast facts to a complete market overview and each news brand’s crib
sheet, Facts & Figures will give you the latest numbers and stats.
According to survey report:
For 34% of social tech users, these tools also reduce customer-support costs.
On average, respondents reported that their use of social technologies with
customers has increased brand awareness by 36% and conversion of
customers by 20%. Those figures are up from 32% and 17%, respectively, in the
2011 study.
Social networking is only one piece of the social technology landscape. 53% of
respondents reported using social networking, up from 50% in 2011 and just
28% in 2009. Other common tools and technologies being used include:
Online video conferencing (60%);
blogs (43%, up from 41% in 2011);
Collaborative document editing (43%);
video sharing (41%, up from 38% in 2011);
RSS (29%, down from 30%);
Wikis (26%, up from 25%); and
Micro blogging (25%, up from 23%).
While there has been a slight uptick in the share of respondents seeing
measurable benefits on the customer side of the equation, overall, the study
finds that as adoption of social tools grows, the proportion seeing benefits has
reached somewhat of a plateau. That leaves executives “optimistic but sober
about the next leg of the social-technology pathway” as they work their way
through organizational barriers and see the risks posed by these tools.
THEORETICAL PERSPECTIVE:
(ii) The purpose of POP is to promote impulse buying, build traffic and
advertise the product. This therefore implies that pop is not only
appropriate for fast moving consumer goods (F.M.C.Gs) in grocery
stores; it is also useful for non-impulse based product and service.
Therefore contrary to the view of sales oriented people, pop can
also be put to use for building traffic and to advertise non-impulse
based product like gadgets, home appliances, car and even services.
HOW DO ADVERTISMENT CONTENT AND DESIGN INFLUENCE
“BUYING BEHAVIOUR”???
ABOUT ADVERTISMENT:
One way that advertising content and design influence buying behaviour is to
provoke immediate action by the viewer. As far as content a call to action is
key to influence an immediate buying behaviour response from public. For
instance, an advertisement that contains the message “only 50 remaining”
may inspire fast reaction from buyers. Another example is online advertising
button that says “buy now”. According to a study ---just viewing certain types
of ads for a few moments—online ad in particular –can have both explicit
conscious and implicit unconscious effect on the memories of viewer to inspire
purchases .
Another way that advertisement content and design can influence buying
behaviour is to simply start the spread of information. Even if the initial viewer
does not take action to purchase the content, an effectively designed
campaign can get people talking and eventually buying. This is called
“carryover effect of advertisement,” where sales occur in later periods after
displaying the advertisements. Advertisements may be designed or written for
shock value to create this carryover effect.
ADVERTISMENT CAMPAIGNS
Mostly used media tools are print media and electronic media. Print media
includes newspaper, magazines, pamphlets, banners, and hoardings. Electronic
media includes radio, television, e-mails, sending message on mobiles, and
telephonic advertising. The only point to remember is getting a proper
frequency for the ad campaign so that the ad is visible and grasping time for
customers is good enough.
All campaigns do not have fix duration. Some campaigns are seasonal and
some run all year round. All campaigns differ in timings. Some advertising
campaigns are media based, some are area based, some are product based,
and some are objective based. It is seen that generally advertising campaigns
run successfully, but in case if the purpose is not solved in any case, then the
theory is redone, required changes are made using the experience, and the
remaining campaign is carried forward.
STAGES IN ADVERTISING CAMPAIGN
1. Market research: Before you even start thinking about where you might
want to place an ad or even what it could look like, it’s important to do
at least some basic research. Even if you aren’t in a position to bring in
an expensive research firm, you can ask your current customers
questions about why they come back to you, as well as taking a close
look at your
target demographic’s needs and interests.
2. Budgeting: Your business probably has a set advertising budget for the
year — but how do you divvy it up between your various advertising
projects? For each project you’re planning, you need to be clear on just
how much money you’re willing to spend. You’ll almost certainly change
exactly how you divide it between costs like copy writing and design, but
you can treat the overall amount as set in stone. Write it down and put it
in your project folder.
3. Setting goals: The aims you have in mind for a particular advertising
project need to be written down ahead of time. While it’s good to be
ambitious, it’s also important to decide what constitutes a successful
advertising campaign for your business. Sales can be the simplest metric:
if you’re advertising a particular product, how many units will you need
to sell to pay for that campaign?
4. Advertising venue: The website, tv station, newspaper, radio station,
magazine or other advertising venue you place your ad with is a crucial
decision. You’ll need to look at not only the cost of your preferred venues
but also whether they reach your target demographic. Ad buys can make
up a significant portion of your budget. Deciding on where you will place
your ads first tells you how much money you’ll have left over for actually
creating your ad.
5. Choosing creatives: Unless you’re planning to write, shoot and design
every part of your ad, you’ll probaably need to bring in some help.
Finding the right freelancers for each aspect requires checking through
portfolios and rates — if you can find a business or freelancer who can
handle all aspects of creating your ad, even if that means subcontracting,
it can save you a lot of time. You’ll also want to make sure that you find
any talent you’ll need for your ad (voice actors for radio, models for
photography and so on).
6. Design and wording: While you may not have a lot of actual writing and
designing to do for your ad, during the creation process you will need to
review and sign off on different stages of the project. When starting with
a new designer or other creative, make sure that you both know any
expectations for timelines and progress checks.
7. Placing the ad: Once you have a finished ad in hand, it’s time to actually
place it with your preferred advertising venue. You may have a few
contracts to sign and a check to hand over. You’ll also want to make sure
you actually see your ad once it’s run — from a newspaper, for instance,
you’ll want to see the tear sheets of pages containing your ad.
8. Evaluation: Depending on your ad, how you evaluate it can vary. If it
included a coupon, for instance, you can simply count how many
customers brought in the coupon. For other ads, you may be simply
comparing sales before, during and after your advertising campaign.
Spend as much time on analyzing how your advertising campaign worked
as you can. That information can point you to more effective uses of
advertising in the future.
Establish an Image: You can recognize the McDonald's arches while whizzing
by on the highway. Likewise, there are plenty of products that you recognize
by their packaging or logo.
Image counts when it comes to advertising and promoting your business. Too
many advertisers do not work to build a consistent image, and they're missing
the chance to make an impression on prospective customers.
You Have to Spend Money to Make Money: There are ways to save money,
but advertising is typically not the place to cut corners. Doing so will affect
sales, and that affects the bottom line. Successful advertising may cost some
money, but that is because it works.
Advertise in the Right Places: Your favorite magazine, radio station, or even
television program might not be a favorite of your audience. Do some research
about yourtarget market to understand who they are and determine what they
read, watch, and listen to. Then advertise in the appropriate media to ensure
that you reach your target market.
Don't Allow Your Budget to Run Your Advertising Campaign: If you budget
$5,000 per month for advertising, you've made it very easy from a
bookkeeping perspective. However, if like most businesses you have
seasonal highs and lows, you are spending too much money advertising during
down times and not enough when you want to attract customers. Too many
entrepreneurs do not budget according to their seasonal advertising needs.
Diversify: It is all too common for business owners to choose the best place
to advertise based on price and potential rate of returns, and then stop. As is
the case with investing, you do not want to put all of your eggs in one basket.
Spread your advertising dollars around by choosing a variety of suitable media
for your audience and budget.
Don't Try to Be Everything to Everyone: No product or service will appeal to
everyone. Many business owners, including corporate executives, try to come
up with ways to reach every market. Typically, this does not work. It can spell
disaster for small businesses, who cannot afford to spread themselves too thin.
Therefore, find your market and be everything you can be to that audience.
Test Your Ads in Advance :If you have the time or money to invest infocus
groups, you should test your ads on other people. Do they understand and
accept the message you are trying to convey? If not, get insight into how you
could more effectively communicate your message.There are other less-
expensive ways to test your ads as well -- questionnaires, for example.
Monitor Your Ads :It is very easy to ask new customers or clients where they
heard about you. As simple as this is, many entrepreneurs do not bother to do
so. It is advantageous to understand which elements of your ads are most
effective and which media offer the most profitable advertising opportunities
for your company.
INDUSTRY PROFILE
TYPE OF ADVERTISMENT
Advertising is the promotion of a company’s product and services carried out
primarily to drive sales of the product and services but also to build a brand
identity and communicate change or new product/services to the customer.
Advertising has become an essential element of the corporate world and
hence the companies allot a considerable amount of revenue as their
advertising budget.
There are several reasons for advertising some of which are as follows:
ADVERTISING INDIRECTLY
Some PSA ads use celebrity spokespersons to garner attention. Others attempt
to appeal to the masses through portraying risks and issues relevant to
ordinary men, women and children. A common misconception about public
service advertising is that it includes political campaign ads, which are actually
privately funded.
CELEBRITY ADVERTISING:
Celebrity advertising is the use of a public figure’s likeness for the purpose of
selling a product or service. Celebrity advertising can be accomplished through
celebrity endorsements, whereby the celebrity consents for his or her likeness
to be used in advertisements for a certain brand. Celebrity advertising without
the celebrity’s consent results in products that are referred to as “bootleg”
merchandise or “knock-offs,” which feature the celebrity’s photo or likeness on
a product.
Celebrity endorsements imply that the celebrity uses the product or service
that he or she is endorsing, and prefers it above others of its kind. For this
reason, brands will often target celebrities who appear to reflect whichever
effects the advertisement is promising. For example, celebrities who are
already fit are often approached to represent fitness and weight loss products,
and stars that are known for their hair are approached to endorse certain
brands of shampoo. In some cases, the celebrity might not even use the
product or service at all. Celebrities who knowingly mislead the public in
exchange for profit in this regard are often criticized for “selling out.” Because
of this, many North American celebrities have opted to endorse products for
advertisements that are only shown overseas, particularly in Japan.
TOP TV & PRINT ADVERTISERS:
Slowdown, as a term, might have the highest recall value for media owners in
the year 2011 – more so in the case of print. Interestingly, while there would
have been a dip in advertising spends in terms of value, advertising volume has
in fact increased over the previous year. And even more interestingly volume
growth has been higher for print media:
When one moves to the top 10 advertisers for the year 2011 on television, the
list seems more or less similar for 2010 and 2011, though the ranking has, of
course, changed.
Two advertisers from last year which are missing this year are Auro Foods and
Sehgal Sons – both with 1 percent share.
Is the situation similar for Print? Let’s check it out: Two new entrants for 2011
are Geetanjali Gems and TVC Skyshop. The ones missing from last year are SBI
and Dell Computers.
As for the advertising categories, there are quite a few surprises when
compared to the previous year, as far as television goes: Washing powders &
liquids, number two category in 2010, is not in top 10 this year. Social
advertisement, no 5 last, is top of the heap this year. Have a look at the tables
for 2011 and 2010:
On to print. The top five categories remain the same with just a position switch
in rank in number four and five. However, there are two new entrants on eight
and nine – pipping to the post the categories at those positions in 2010.
Educational institutions, top category for both the years – shows a 1 percent
jump in share:
ADVERTISIMENT WITH REFERENCETO TOP 3 SECTOR
TV ADVERTISMENT
F&B
Services
DAIRY MILK
Shubh Aarambh
SURF EXCEL:
” DAAG ACHCHE HAIN”
TIDE
”tide ho to white ho”
KFC
VODAFONE
WHEREVER YOU GO WERE OUR NTEWORK FOLLOWS”
“HAPPY TO HELP”
HERO MOTOCORP
" मतलबCoca-Cola”
" सर "
,-----------enjoy”
PROJECT OUTLINE & OBJECTIVE OF THE STUDY
The project deal with a extensive study on the impact and scope of various
media used in “advertisement industry” --- its currently prevailing trends and
features and an insight into the “impact & scope of various “media” on
consumer buying behaviour “
Objective:
To know the impact of various media on different age group people.
To find out the work don e by advertisement agency & software used
by them
RELIABILITY
/VARIABLES=gender advertisement.affect advertisement.urgetobuy advertise
ment.message advertisement.buyingbehaviour
/SCALE('ALL VARIABLES') ALL
/MODEL=ALPHA.
Reliability
Reliability Statistics
Cronbach's N of
Alpha Items
.671 5
We have measured a sample of 100 people and found their responses on the
effect of advertisements, whether advertisements urge them to buy or not and
what is the buying behaviour based on advertisements. We have done a
reliability test and has found that the our measure is 0.671. Since our measure
is > 0.6 hence we conclude that the test done by us is reliable.
CROSSTABS
/TABLES=gender BY age
/FORMAT=AVALUE TABLES
/CELLS=COUNT
/COUNT ROUND CELL.
Crosstabs
GRAPH
/PIE=COUNT BY advertisement.affect.
We have measured the response of 100 people and have analysed that
advertisement first of all creates an interest in customer’s mind and then a
desire to buy or explore the product.
GRAPH
/PIE=COUNT BY advertisement.urgetobuy.
Q2) Does ad urge you to buy the product?
We could see from the pie chart that maximum number of customers
feel that advertisement urge them to buy the product.
GRAPH
/BAR(SIMPLE)=COUNT BY celebrity.impact.
Q3) Presence of celebrity in an advertisement creates a strong impact?
We could clearly see from the Bar Graph that celebrity plays an important role
in an advertisement.This is true also as many customers have their own role
models and seeing them in an ad creates a sense of Belonginess and trust to
that brand. Example :Amitabh Bachan in Cadbury ads, Shahrukh Khan in Frooti
ad.
GET
FILE='C:\Users\a\Documents\BRM project.sav'.
DATASET NAME DataSet1 WINDOW=FRONT.
GRAPH
/BAR(SIMPLE)=COUNT BY advertisement.buyingbehaviour.
Q4) Does an advertisement affect your buying behaviour?
We have measured the responses of 100 people and have analysed that
advertisement plays a very important role in buying behaviour of the
customers. They could relate themselves to the product, celebrity through
advertisements.
SPSS ANALYSIS TROUGH VARIOUS ADS
DESCRIPTIVES VARIABLES=age
/STATISTICS=MEAN STDDEV MIN MAX.
Descriptive Statistics
N Minimum Maximum Mean Std. Deviation
respondents age 10 1 4 2.39 .737
0
respondents buying behaviour 10 1 3 1.73 .930
0
respondents motivated by ads 10 1 4 2.25 .783
0
Valid N (listwise) 10
0
We have measured the Reponses of 100 people and have analysed that mean
of all age groups taken that is 18 or less, 19-28, 29-50 and 50 above the mean
of age groups of customers came out to be 2.39 i.e near about 19 to 28 age
people.
The standard deviation from mean came out to be .737 which is not much
hence not much standard error.
INDEPENDENT TEST:
NPAR TESTS
/K-W=advertisement.affect advertisement.buyingbehaviour BY gender(1 2)
/MISSING ANALYSIS.
NPar Tests
[DataSet1] C:\Users\a\Documents\BRM project.sav
Kruskal-Wallis Test
Ranks
respondents gender N Mean Rank
respondents adds affect Male 60 46.09
Female 40 57.11
Total 100
respondents buying behaviour Male 60 50.23
Female 40 50.90
Total 100
Test Statisticsa,b
respondents adds affect respondents buying behaviour
Chi-Square 3.762 .017
df 1 1
Asymp. Sig. .052 .896
a. Kruskal Wallis Test
b. Grouping Variable: respondents gender
Chi-Square Test
Frequencies
respondent respondents
respondents s buying respondents motivated
adds affect behaviour thinking of by ads
ads
Chi-Square 8.880a 42.140b 26.000a 51.440a
df 3 2 3 3
Asymp. Sig. .031 .000 .000 .000
a. 0 cells (.0%) have expected frequencies less than 5. The minimum expected
cell frequency is 25.0.
b. 0 cells (.0%) have expected frequencies less than 5. The minimum
expected cell frequency is 33.3.
Since p= 0.31>0.05 for ads affect hence we accept the null hypothesis. In rest
other cases p<0.05 hence we reject the null hypothesis.
CORRELATIONS
/VARIABLES=advertisement.urgetobuy advertisement.attention celebrity.imp
act
/PRINT=TWOTAIL NOSIG
/MISSING=PAIRWISE.
Correlations
[DataSet1] C:\Users\a\Documents\BRM project.sav
Correlations
respondent respondent celebrity
s motivated s attention presence
by ads towards ads in ads
respondents Pearson
1 .254* .226*
motivated by Correlation
ads
Sig. (2-tailed) .011 .024
N 100 100 100
respondents Pearson
.254* 1 .043
attention towards Correlation
ads Sig. (2-tailed) .011 .672
N 100 100 100
celebrity presence Pearson
.226* .043 1
in ads Correlation
Sig. (2-tailed) .024 .672
N 100 100 100
*. Correlation is significant at the 0.05 level (2-
tailed).
We could see that customers are motivated or the advertisement urge them
to buy if they catch attention towards the ads therefore r= .254 hence a
positive relationship between them.
Similarly if they find a celebrity in the ads then also they get motivated as
r=.226 therefore again a positive relationship.
ANOVA
Sum of Mean
Squares df Square F Sig.
respondents adds Between
3.527 1 3.527 3.317 .072
affect Groups
Within
104.183 98 1.063
Groups
Total 107.710 99
respondents buying Between
.027 1 .027 .030 .862
behaviour Groups
Within
85.683 98 .874
Groups
Total 85.710 99
FINDINGS
4. We could clearly see from the Bar Graph that celebrity plays an important
role in an advertisement. This is true also as many customers have their own
role models and seeing them in an ad creates a sense of Belongingness and
trust to that brand. Example: Amitabh Bachan in Cadbury ads, Shahrukh
Khan in Frooti ad.
GENERAL CONCLUSION:
Advertisement firm as its basis of fundamental tool production uses it. It
normally has long term objective like brand building , brand awareness or
building consumers loyality or repositioning a brand. It helps sales by adding
some durable and long term value to the product. Advertising is mostly an
indirect way for consumer to buy the product.
Thus, from the study it can be concluded that it is important for media planner
to decide the most effective media vehicle with each chosen media type.
Deciding on timing of advertisement depends upon season, business cycle. The
budget allocation is also important and the effectiveness of advertisement will
depend on organisational promotional strategy.
SPECIFIC CONCLUSION:
Advertisement play a vital role in promoting a product or service of any
company who would like to reach their target audience with a relevant
advertisement message. Its a life blood of any product success in the market
place. It is the responsibility of the companies to choose right advertising
agency. Right message to reach out to right target audience to get a good
brand recall and gain high market share of its product and services. The more
effective an advertising campaign , more the customer it draws and with great
frequency. Advertisement is the part of overall marketing strategy of a
business which aims at advertising along with other tools for maximum
impact.
BIBLOGRAPHY
Www. Wikipedia.com
Www. Google.co.in
http://www.campaigindia.in/news
Advertisement sites and blogs
Marketing management—Philip kotler
Advertising & sales promotion- S.L Gupta , V.V ratra
ANNEXURE
QUESTIONNAIRE
NAME:
Note: Please copy and paste this tick (✔) in front of your option while
filling online.
(A)YES (B) NO
(A) PARTY
(B) GET TOGETHER WITH SOMEBODY
(C) DATE
(D) REFRESHMENT
11: What is the most memorable ad you have ever seen? (Related to any product,
any company).