The document discusses various marketing communication tools used by companies to promote their brands and products. It describes advertising, sales promotion, public relations, personal selling, direct marketing, and interactive marketing. It also covers topics like target markets, target audiences, buying centers, communication objectives, unique selling propositions, creative strategies, message structures, emotional vs rational appeals, and fear appeals.
The document discusses various marketing communication tools used by companies to promote their brands and products. It describes advertising, sales promotion, public relations, personal selling, direct marketing, and interactive marketing. It also covers topics like target markets, target audiences, buying centers, communication objectives, unique selling propositions, creative strategies, message structures, emotional vs rational appeals, and fear appeals.
The document discusses various marketing communication tools used by companies to promote their brands and products. It describes advertising, sales promotion, public relations, personal selling, direct marketing, and interactive marketing. It also covers topics like target markets, target audiences, buying centers, communication objectives, unique selling propositions, creative strategies, message structures, emotional vs rational appeals, and fear appeals.
¨ Marketing communications are the means by which firms
attempt to inform, persuade, and remind consumers—
directly or indirectly—about the products and brands they sell. ¨ Consumers can learn who makes the product and what the company and brand stand for, and they can become motivated to try or use it. ¨ Marketing communications allow companies to link their brands to people, places, events, brands, experiences, feelings, and things. ¨ They can contribute to brand equity—by establishing the brand in memory and creating a brand image—as well as drive sales and even affect shareholder value. ¨ Marketing communications are the means by which firms attempt to inform, persuade, and remind consumers— directly or indirectly—about the products and brands they sell.
¨ IMC is a concept of marketing communications planning
that evaluates the strategic roles of different communications disciplines and combines these communications disciplines to provide clarity, consistency, and maximum impact through the integration of communication messages. $90 million in integrated communication to launch the Lincoln LS
Targeting younger set of
buyers, Lincoln LS invested in: 1. $6 million in a dealer education event at Treasure Island navel base in San Francisco Bay. 2. 4000 opinion leaders for a cross-country road show 3. Innovative TV, print ad and internet campaign 4. Sponsorship deal for a traveling theatre & ballet show 5. Sales kit with a video of the TV ad, CD-ROM featuring the internet campaign, and product catalogue. ¨ Advertising is any paid form of non- personal presentation and promotion of ideas, goods, or services. ¤ Builds up long term image ¤ Cost efficient in reaching geographically dispersed buyers. ¤ Has an effect on sales merely by being present as it gives the image of “good value” to the advertised brand. ¨ Sales Promotion ¤ A variety of short term incentives that create a stronger and quicker response, thus encouraging trial or purchase. Used for the purpose of: n Increasing market share n Boosting sagging sales. n Managing production over- capacity. n Moving stock/dated items. ¨ Public Relations ¤ Provides an organization with exposure to their audiences using topics of public interest and news items through: n Financial relations: providing information to business reporters and stakeholders n Consumer relations: gaining publicity without using advertising; for example editorials and advertorials. n Crisis relations: responding to negative accusations or information n Industry relations: providing information to trade bodies n Government relations: engaging government departments to influence policymaking ¨ Personal Selling: ¤ Personal presentation by the firm’s sales force for the purpose of: n Making sales n Building customer relation. n Building up buyer preference and conviction n Soliciting fast buyer action ¨ Direct Marketing: ¤ This is a form of advertising that reaches its audience through techniques such as fliers, catalogue distribution, and promotional letters. ¤ It has the advantages of: n Directly connecting with carefully targeted individual consumers n Localized and customized used to reach well defined target segments ¨ Interactive Marketing: ¤ Broadcasters use interactive TV as a means for creating an enhanced experience. ¤ It can also create a tailored ad experience for users, by feeding ads on the basis of activities and expressed preferences. ¤ This can increase ad targeting and advertisers may pay a premium for this service. ¨ A target market is the set of consumers that a company plans to sell to or reach with marketing activities. ¨ A target audience is the group or segment within that target market that is being served advertisements. ¨ A buying center brings together all those who are involved in the buying process. ¨ The five main roles in a buying center are: 1. Initiator 2. Influencer 3. Decider 4. Buyer 5. User ¨ 10 possible communications objectives: 1. Create/increase awareness 2. Stimulate demand 3. Trigger trial for a brand 4. Build brand image 5. Communicate a sales promotion to trigger purchase. 6. Convey information about a corporation/brand 7. Remind the consumer of a certain brand. 8. Position/reposition a brand 9. Change consumer behavior towards a brand 10. Deposition a competitive brand ¨ Formulating the communications to achieve the desired response requires answering three questions: 1. Message strategy: what to say 2. Creative strategy: how to say it 3. Message source: who should say it ¨ Unique Selling Proposition (USP) refers to the unique benefit that enables the brand to stand out from competitors. ¨ The unique selling proposition must be a feature that highlights product benefits that are: ¤ meaningful, ¤ valuable, ¤ believable, ¤ and deliverable to consumers. Creative strategy ¨ Creative strategies are the way marketers translate their messages into a specific communication. ¨ We can broadly classify them as either 1. Informational Appeals: An informational appeal elaborates on product or service attributes or benefits. 2. Transformational Appeals: A transformational appeal elaborates on a nonproduct-related benefit or image. ¨ Message structure refers to whether or not the message will have a conclusion drawn for the target customer group. ¨ One-sided messages: "A message that presents only those arguments in favor of a particular position." ¨ Two-sided messages: "A message that presents the arguments in favor of a proposition but also considers the opposing arguments." ¨ Order of presentation is whether to put the strongest argument first or last in the advertiser’s presentation. ¤ In a one-sided message, presenting the strongest argument first arouses attention and interest, important in media where the audience often does not attend to the whole message. With a captive audience, a climactic presentation might be more effective. ¤ For a two-sided message, if the audience is initially opposed, start with the other side’s argument and conclude with your strongest argument. ¨ The Rational Appeal persuades audiences to purchase something or act on something by appealing to their sense of reason or logic. ¨ Emotional appeals are usually based on imagery rather than information, which attempt to achieve the advertiser's objectives by evoking strong emotional feelings. ¨ Communicators also use positive emotional appeals such as humor, love, pride, and joy to attract attention and raise involvement with an ad. ¨ Communicators use negative emotional appeals such as fear, guilt, and shame to get people to do things. ¨ Fear appeals work best: 1. When they are not too strong.
2. When source credibility is high.
3. When the communication promises, in a
believable and efficient way, to relieve the fear it arouses. ¨ Moral appeals are directed to the consumes' sense of what is right and proper. ¨ These are often used to exhort people to support social and ethical causes