Professional Documents
Culture Documents
Prepared to:
Md. Moniruzzaman Khan
Assistant professor
Faculty of Business Administration
Eastern University
Prepared by:
Manajir Islam Himel
ID: 142200039
Section: 2 (Marketing management)
Batch 34th, Bachelor of Business Administration
Date of submission:
13-12-2016
Executive summary
Advertising is an audio or visual form of marketing communication that
employs an openly sponsored, non-personal message to promote or sell
a product, service or idea. Sponsors of advertising are often businesses
who wish to promote their products or services. Advertising is
differentiated from public relations in that an advertiser usually pays for
and has control over the message. It is differentiated from personal
selling in that the message is non personal, i.e., not directed to a
particular individual. Advertising is communicated through various mass
media, including old media such as newspapers, magazines, Television,
Radio, outdoor advertising or direct mail; or new media such as search
results, blogs, websites or text messages. The actual presentation of the
message in a medium is referred to as an advertisement or "ad".
Commercial ads often seek to generate increased consumption of their
products or services through "branding," which associates a product
name or image with certain qualities in the minds of consumers. On the
other hand, ads that intend to elicit an immediate sale are known as
direct response advertising. Non-commercial advertisers who spend
money to advertise items other than a consumer product or service
include political parties, interest groups, religious organizations and
governmental agencies. Non-profit organizations may use free modes of
persuasion, such as a public service announcement. Advertising may also
be used to reassure employees or shareholders that a company is viable
or successful.
The most suitable advertising option for your business will depend on
your target audience and what is the most cost effective way to reach as
many of them as possible, as many times as possible. The advertising
option chosen should also reflect the right environment for your product
or service. For example, if you know that your target market reads a
particular magazine, you should advertise in that publication. Newspaper
advertising can promote your business to a wide range of customers.
Display advertisements are placed throughout the paper, while classified
listings are under subject headings in a specific section. Advertising in a
specialist magazine can reach your target market quickly and easily.
Readers tend to read magazines at their leisure and keep them for
longer, giving your advertisement multiple chances to attract attention.
Product advertising communicates the features and benefits of a
product to customers and prospects. Competitive Advertising is useful
when the product has reached the market-growth and especially the
market-maturity stage. It stimulates “selective” demand. It seeks to sell
a specific brand rather than a general product category. The
effectiveness of product service advertisements may be measured in
terms of the goodwill they generate in favor of the sponsoring
organization. Most advertising is product advertising, designed to
promote the sale or reputation of a particular product or service that the
organization sells. Most of the consumer goods producers engage in
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consumer product advertising. Marketers of pharmaceuticals, cosmetics,
scooters, detergents and soaps, cigarettes and alcoholic beverages are
examples. Baring a few, all these products are all package goods that the
consumer will often buy during the year. Being on the internet can be a
cost-effective way to attract new customers. You can reach a global
audience at a low cost. Many customers research businesses online
before deciding whom to buy from. Celebrity branding focuses upon
using celebrity power, fame, money, or popularity to gain recognition for
their products or promote specific stores. Advertisers often advertise
their products. From the discussion and penetrating study of the data
analysis, it is finally concluded that more than half respondents are of
the opinion that they were not influenced by any advertisement during
the course of buying their mobile service. However, advertisements
through electronic media play an important role in the popularity of
mobile phone services. Indeed, electronic and print media has its own
some say. In urban segment an abnormal trend has been seen where
hundred percent respondents in the age group of 15-20 years agree that
advertisements in media effects the customers' buying behavior for the
sale of mobile phone service. In our present society, our actions and
attitudes are motivated, to some extent. If advertising has indirect
impact, sales promotion has direct impact, may be less or more. Through
there are many types of advertisement all of them convey a message to
the target audience either it is social or commercial.
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Table of contents
V
1.3. Advertising in the early 20th century:
Two main events responsible for growth of Indian advertising agencies
were: the Swedish Movement (1907-1911), which gave rise to
indigenous industries, and the second, was the installation of first rotary
linotype machine by the Statesman of Calcutta in 1907.
In few years, other papers too installed the new machine, which made it
possible to produce a cheap newspaper with a large national circulation.
The first Indian Ad Agency, the Indian Advertising Agency, was launched
around this time, and is still going strong. The main functions of these
agencies were to secure advertisements and to get them published in
the press. The major British agencies during this time were: Alliance
Advertising Associates, Publicity Society of India, L.A. Stronach and Co,
and others. They catered to the need of the affluent British and Indian
elites living in the metropolitan cities. They rarely advertised Mass
consumer items like tea and cigarettes.
During the war, press advertising was exploited to raise funds for the war
effort. Ad Agencies established during this period-included Alliance
Advertising Association Ltd, at Bombay, started by the British India
Cooperation of Kanpur, to sell its manufactured goods. Mr. L.A. Stronach,
the manager of Alliance, bought up the Bombay branch of the agency
and started in 1922 his own agency, with a branch in London. It provided
production and media services to advertisers (unlike the space-selling
agencies) and so even manufacturers of competing products or brands
had to use these services. During the decolonization era from the late
1940s to the 1970s, British and French firms operating in Africa and Asia
at first largely ignored local, nationalistic aspirations. However they
learned to adjust to exploit the new spirit of independence that was
shaping consumer attitudes. The new emergence of a middle class was
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the target audience. Their advertising abandoned the traditional
paternalistic attitude toward the natives. Instead there was a portrayal
of locals as up-and-coming middle class men in control of developing
their nations. These more positive images assisted business operations
during spells of military dictatorship, economic nationalism, and
expropriation of foreign assets. Tobacco advertising was especially
important. For example, in Egyptian popular culture the cigar was
associated with elites, the water pipe with a lower-class and traditional
lifestyle, and the cigarette with the new middle class which was striving
to make the transition to modernity. It was the third group that the
cigarette industry targeted.
1.4. Facets of advertising:
These are just a few of highly effective techniques of persuasion. Other
methods include the use of rewards, punishments, positive or negative
expertise, moral appeal, and many others.
Create a need:
One method of persuasion involves creating a need or an appealing a
previously exiting need. This type of persuasion appeals to a person’s
fundamental needs for shelter, love, self-esteem, and self-actualization.
Appeal to social needs:
Another very effective persuasive method appeals to the need to be
popular, prestigious, or similar to others. Television commercials provide
many example of this type of persuasion, where viewers are encouraged
to purchase items so they can be like everyone else or be like a well-
known or well-respected person. Television advertisements are a huge
source of exposure to persuasion considering that some estimates claim
that the average American watches between 1,500 to 2,000 hours of
television every year.
Use loaded word and images:
Persuasion also often makes use of loaded words and images.
Advertisers are well aware of the power of positive words, which is why
so many advertisers utilize phrases such as “New and Improved” or “All
Natural. The examples above are just a few of the many persuasion
techniques described by social psychologists. Look for examples of
persuasion in your daily experience. An interesting experiment is to view
a half-hour of a random television program and note every instance of
persuasive advertising. The amount of persuasive techniques used in
such a brief period of time can be astonishing.
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Purpose and Scope Advertisement
Advertising is just not for information, but for a purpose. This purpose
is to motivate a desired action. People use advertising to achieve a
variety of objectives. The broad functions are to inform, educate, and
persuade. The subsidiary functions are to create awareness, change
attitudes and generally to gain acceptability. In case of product and
service advertising, the objective is to inform the consumers and
generate demand. Institutional and ideas advertising are designed to
create a favorable attitude and acceptability. Marketing is the strategic
process in business that is used to satisfy consumer needs and wants
through goods and services, to reach its target audiences, marketing
use many tools of promotion. Also known as marketing communication,
these tools include personal selling, sales promotion, public relations
and of course, advertising. Advertising is the most widely used and
most visible of promotional tools in marketing.
♦ To introduce a new product by creating interest for it among the
prospective customers.
♦ To reach people inaccessible to salesman.
♦ To light competition in the market and to increase the sales as
seen in the fierce competition between Coke and Pepsi.
♦ To warn the public against imitation of an enterprise’s products
Scope:
Businesses that continue to advertise regardless of economic times have
a competitive advantage over businesses that trim their ad budgets.
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So says a business-to-business (b-to-b) media study. The study showed
more than 85 percent of business executives believe advertising during
a down economy is extremely important. B-to-B media is an undisputed
ally for advertisers seeking to reach executives about products and
services for their businesses. The study, prepared for American Business
Media, showed that despite slow economic times, executives rely on b-
to-b media for information more than any other media source for the
influence or support of purchase decisions. Advertising during a sluggish
economy clearly creates a competitive advantage, with a majority of
executives agreeing that seeing a company advertise during slower times
makes them feel more positive about the company’s commitment to its
products and services. But perhaps most important is staying at the top
of buyers’ minds when purchase decisions are made. “For advertisers
interested in maximum profit from their investment in b-to-b media,
these research results indicate that advertising frequently and
capitalizing on the synergistic effect of print, Web sites and trade shows
is a sure path to increasing awareness, interest and purchase,” said the
study authors.
Add to that the fact that there has been a dramatic increase in the time
executives spend visiting b-to-b Web sites over the past three years and
online advertising is a winning strategy. Moreover, the study findings are
consistent across industry sectors, making results relevant regardless of
business category. Newspapers are one of the traditional mediums used
by businesses, both big and small alike, to advertise their businesses.
Magazines are a more focused, albeit more expensive, alternative to
newspaper advertising. This medium allows you to reach highly targeted
audiences. Telephone sales, or telemarketing, is an effective system for
introducing a company to a prospect and setting up appointments. This
kind of advertising entails the use of imprinted, useful, or decorative
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products called advertising specialties, such as key chains, computer
mouse, mugs, etc. These articles are distributed for free; recipients need
not purchase or make a contribution to receive these items.
Types of advertising
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often the first thing a potential customer sees. Your sign should be
sufficiently bright and conspicuous to attract attention (without being
garish) and sufficiently informative to let prospective customers know
what's sold there. Ride around town and observe which signs catch your
eye. Note which ones don't. Then think of the impression each sign gives
you. Remember that you never get a second chance to make a first
impression, so give this important marketing tool your best efforts. If
you're involved in a business that has a fleet of vehicles conducting
deliveries or providing a service, your company's name, logo, and phone
number should be clearly visible on the vehicles. It's free advertising that
allows you to increase your exposure in your market. Billboards are most
effective when located close to the business advertised. Because of their
high cost, they're usually used to reach a very large audience, as in
political campaigns. They're likely to be too expensive for most small
firms, and some communities have strict ordinances governing the
placement of billboards. In Vermont, for example, they're prohibited.
Bus-bench advertising is an excellent medium because it's highly visible,
like a billboard. Essentially, bus-bench advertisers have a huge audience,
held captive at red lights or in slow-moving traffic. An account executive
of a Los Angeles-based bus bench manufacturing company said that an
advertisement on one bus bench at a busy Los Angeles intersection would
be seen by 35,000 to 50,000 people per day. Usually, the advertising
consists of simple two-color artwork with your company's name, brief
copy describing the product or service, address and phone number. Rates
and terms vary depending on the city you're in. Call your city's mass
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transit department or local bus company to find out who rents
advertising space on their bus-stop benches. Some outdoor advertising
companies also handle this type of advertising. Transit advertising on
buses and taxicabs reaches lots of people, especially commuters. Your
ad is highly visible, and market research on transit advertising shows that
it's very effective.
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make a big impression about the brand (What is Guerrilla Marketing,
2015), this in turn creates buzz about the brand or product being
marketed. It is a way of advertising that increases engagement with the
product or service, and is designed to create a memorable experience
for the consumer. By creating this memorable experience for the
consumer, it also increases the likelihood that a consumer, or someone
who interacted with the campaign will tell their friends about it and via
word of mouth the product or service being advertised reaches a lot
more people than initially anticipated, and means it has more of a mass
audience. This style of marketing is extremely effective for small
businesses to advertise their product or service, especially if they are
competing against bigger companies as it is inexpensive and focuses
more on reach rather than frequency. For guerrilla campaigns to be
successful companies don’t need to spend large amounts, they just need
to have imagination, energy and time (Bourn, 2009). Guerrilla marketing
is also an effective way companies who don’t provide a tangible service
can advertise their products through the non-traditional channels as long
as they have an effective strategy. As opposed to traditional media
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Guerrilla marketing cannot be measured by statistics, sales and hits but
is measured by profit made. It is designed to cut through clutter of
traditional advertising and have no mystery about what is being
advertised. The message to consumers will be clear and concise, the
business will not diversify the message to the consumer and focus will be
maintained. This type of marketing also works on the unconscious mind,
as purchases quite often are decided by the unconscious mind. To keep
the product or service in the unconscious mind means repetition is
needed, so if a buzz is created around a product and it is shared amongst
friends it enables repetition (Bourn, 2009) two types of marketing
encompassed by guerrilla marketing are Viral Marketing and Buzz
Marketing. Unlike typical public marketing campaigns that utilize
billboards, guerrilla marketing involves the application of multiple
techniques and practices in order to establish direct contact with the
customers.[3] One of the goals of this interaction is to cause an emotional
reaction in the clients and the final goal of marketing is to get people to
remember brands in a different way than they are used to. The technique
involves from flyer distribution in public spaces to creating an operation
at major event or festival mostly without directly connecting to the event
but using the opportunity. The challenge with any guerrilla marketing
campaign is to find the correct place and time to do the operation
without getting involved in legal issues.
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Covert advertising helps to increase the sale volume and enhances
profitability of the company. It helps to create awareness among the
people about different products, brands through entertaining Medias
like movies, games, TV serials, shows, music videos and much more.
Covert advertising is very sneakier as it is exposed to the general public
subtly.
Also, covert advertising is used widely as it is time-efficient as well as
cost-effective. Covert advertising is performing very essential role in the
modern competitive era. Covert advertising is widely adopted by film-
makers, corporates and advertisers. It’s also becoming an important part
of IMC (Integrated Marketing Communication).
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3.9. Celebrity advertising:
A form of brand or advertising campaign that involves a well-known
person using their fame to help promote a product or service.
Manufacturers of perfumes and clothing are some of the most common
business users of classic celebrity endorsement techniques, such as
television ads and launch event appearances, in the marketing of their
products. Celebrity advertising is using a famous person's image to sell
products or services by focusing on the person's money, popularity, or
fame to promote the products or services. If the famous person agrees
to allow his or her image to be used, it is termed a celebrity
endorsement. If the famous person's image is used without his or her
permission, the products are termed "bootleg" or "knock-offs." The
promotion might be through formal advertisements in the media, or it
might occur through the famous person displaying the products by using
them or wearing them. The implication is that the famous person uses
the product or service that he or she endorses; for example, a
supermodel with soft drinks might be contracted to promote a certain
brand of drinks.
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Celebrity marketing is a tactic featuring a famous person to offer an
endorsement of a product. This famous person might be an actor,
musician, athlete, ex-politician or a cartoon character. They do not need
to be international superstars; they only need to be familiar to the target
audience. For instance, a famous skateboarder might be unknown to the
population at large, but beloved in the circle of young men that energy
drinks are being marketed to. A celebrity’s involvement can range from
an explicit to an implicit endorsement of a product. Some celebrity
marketing campaigns try to suggest that the star uses the product
personally and enjoys it. Others simply involve the celebrity in the image
of the brand, relying on the celebrity’s reputation rather than their
outright endorsement to market a product.
Celebrity marketing has been used across all mediums. Print, television,
radio, film and various forms of new media have all been effective outlets
for celebrity endorsed products. The key is to match the right celebrity
with the right product and place them both in the right ad campaign. If
the combination is done well, it can lead to huge profits and an
immediate change in the public perception of a company. If it is done
poorly, it can ruin a brand overnight.
Email
advertising
Mobile Search
advertising engine
advertising
Online
Advertising
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codes of conduct. Several United States advertising industry
organizations jointly published Self-Regulatory Principles for Online
Behavioral Advertising based on standards proposed by the FTC in 2009.
European ad associations published a similar document in 2011. Primary
tenets of both documents include consumer control of data transfer to
third parties, data security, and consent for collection of certain health
and financial data. Neither framework, however, penalizes violators of
the codes of conduct.
Major Conclusion
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Bibliography
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Md. Moniruzzaman Khan