Professional Documents
Culture Documents
regarding media choices. The decisions involve how much money to spend, the schedule of
expenditure, and which media channels to use. The three methods to determine the advertising
budget are as a percentage of last year's sales, parity with competitors, and working backward
GRP (gross rating points) is a simple function of reach and frequency. Reach is the
percentage of the target audience that has seen the ad at least once, while frequency is the
average number of times the target audience saw the ad. GRP is the product of reach and
frequency. It is challenging to find the most cost-efficient media for reaching the target audience
and the importance of understanding how advertising exposures are measured to set an ad budget
(Iacobucci, 2018)
Various media choices are available to marketers for advertising, such as celebrity
explored through research studies. Media planning and scheduling are also addressed, with
continuous, occasional, and seasonal schedules being the three main options. Media scheduling
goes beyond just airing ads and requires careful consideration of purchase cycles, competition,
and brand image building. ROI or ROMI (return on marketing investments) for advertising
expenditures are necessary. For example, a TV show's ratings and the cost of 30 seconds of
airtime during the show are used as indicators to estimate the breakeven point for advertising
across multiple media channels by sending a consistent message across all marketing activities,
including advertising, promotions, personal selling, direct marketing, and product design. The
approach recognizes the importance of selecting appropriate media outlets and seamlessly
integrating marketing messages. While traditional advertising agencies may not be proficient in
all aspects of IMC, the marketing and brand manager are responsible for integrating across
media. IMC aims to achieve consistency in the general positioning while leveraging the strengths
Media synergies can exist in integrated marketing campaigns, as different media have
strengths and weaknesses. Traditional media like TV, radio, newspapers, magazines, and
billboards have broad reach but can be expensive, while online advertising and direct mail offer
better customization options. TV and radio messages must be simple, while print media is better
for conveying detailed information. IMC gurus believe that advertising consistently across
different media can have a more significant impact than advertising in a single medium.
Research suggests that websites and catalogs can complement each other (Iacobucci, 2018).
The AIDA process (Attention, Interest, Desire, Action) also works in selling, and
personal selling and sales forces are essential communication vehicles for many companies and
industries. When quick feedback is needed, sales forces are significant for expensive,
complicated goods and services. Sales forces are costly due to salary and training but necessary
The choice between advertising and a sales force depends on factors like the product's
complexity, cost, and feedback required. Sales forces are more significant when a company
wants an aggressive product launch and when they want to protect their territories from the
3
channel partners. Push is a top-down effort selling to customers through a sales force and retail
partners. On the other hand, the pull is a bottom-up drive from customers seeking products and is
Public relations (PR) is another means of providing information and building brand
employees, or the general community and can be conducted from within the company, by an
advertising agency, or by PR specialists. PR people issue press kits or news releases whenever
The marketing goals and the target audience determine the effectiveness of an advertising
campaign. Media options, such as print, TV, radio, packaging, and others, should be coordinated,
and the brand manager and CMO should determine the target audience and goal for each
element. Advertising should be done frequently to achieve brand awareness, and the frequency
of advertising should be correlated with the customer's purchase cycle to encourage repeat
purchases. The media choice should be based on the budget and the target segment, and
databases can be used to target specific audiences. Consistency and complementarity across
messages and media reinforce brand equity. The IMC schedule should include timing, media
Social Media
Social media is a broad term that describes people’s interactions and connections online
through smartphones or other electronic devices. The rise of social media is due to the increased
availability of technology and the internet. Social media can vary from simple platforms like
4
blogs and forums to highly sophisticated virtual worlds or video games. Social media serves
different purposes, some of which are social and others more commercial. Customers can now
talk back and share their opinions on various brands through social media platforms. Social
media can facilitate word-of-mouth (WOM), a phenomenon where customers share their
opinions about a brand with others. WOM is highly effective because consumers are more likely
to trust their friends' opinions about a brand than advertising messages (Iacobucci, 2018).
Social networks are defined as sets of actors and relational ties that link them. These ties
can be symmetric or directional and binary or vary in strength. Identifying influential actors in
social networks is essential for marketers to leverage interpersonal group dynamics and induce
product trial and diffusion. Centrality indices are computed for each actor to describe their
position relative to others, with degree centrality being the most common way to characterize
centrality. Network marketers also look for cliques, groups of people in the network, and
structural equivalence, where two actors have the exact links to others (Iacobucci, 2018).
purchase patterns or ratings of customers. While social media has exciting potential for
marketing, many CEOs are conservative in spending money on something they do not fully
understand, and they want to know the return on investment (ROI) for social media (Iacobucci,
2018).
The primary goal of measuring ROI is determining if the resources allocated to social
media have been well-spent, and the KPIs depend on the marketing goals. In the pre-purchase
phase, the marketer's goal is to raise brand awareness and consideration, and reach is the primary
measure to determine the audience size exposed to brand information. Social media tools like
5
Twitter, Facebook postings, and contests to submit videos of user-proposed jingles on YouTube
effectively enhance awareness. In contrast, lengthy expert blogs, Webinars, podcasts, and such
would remain untapped. In the brand consideration phase, marketers provide more content to
customers. The primary measures are search engine optimization (SEO), which counts the
number of incoming links, weighted by the importance of the sending site (Iacobucci, 2018).
To narrow the search for consumers, search engines can measure the relevance of a
website or an information page by counting the number of times the searched words appeared on
that webpage or document. When estimating ROI, the primary expenditures might not be so
much media buys or direct budgetary contributions as salary equivalents of people's time
allocations. KPIs for social media are analogous to traditional measures for advertising
Marketers aim to induce any action that begins to engage the prospective customer,
or signing up for RSS feeds. KPIs are used to measure behavior, such as the number of posts
regarding the brand on social networks or the frequency of website visitors who engage in the
desired behavior (e.g., purchase, sign up for email distribution). Companies can capture post-
purchase data to reward brand evangelists, address customer complaints, and use analytics to
Companies should be selective in choosing social media channels, focusing on those that
fit the marketing goals and target market. Resource allocation decisions have become more
complex than ever, but marketers can embrace social media and the enormous data available,
using their strategic creativity to engage customers effectively. Companies must understand their
6
target audience and what they find interesting or valuable. It also means that companies must be
individuals have a large social media following and can promote a company's products or
services to their audience. However, it is essential to choose influencers who align with the
company's values and target audience and to disclose any sponsored content. Social media
marketing can be a powerful tool for companies to reach and engage with their target audience.
However, it requires a strategic approach considering each platform's unique characteristics and
Coupons:
I mainly use Buffalo Wild Wings coupons, which give a BOGO offer every Tuesday and
Thursday. The other one I use is usually for uber eats, which has 40% off the order, and the other
common ones are group coupons for any fun activities I travel.
I love Buffalo wild wings, and I wanted to cut down on my expenses from food orders. I
saw this attractive offer, and it helped me keep my budget. Now even if I crave wings, I wait for
Thursdays and eat on those days. This keeps me loyal to Buffalo wild wings, and I do not try any
other wing place. This was it is a win for me as well. However, I think the aim here was to
increase loyal customers. I do not think this promo is a gimmick as the other days, if I must eat
wings, I pay the original price and feel good when I get a BOGO.
I feel the UberEATS coupon is a gimmick to attract customers to order food, and the
prices are so inflated when directly ordered from restaurants that it does not make sense even
after the coupon. It is a gimmick to make customers open their app, increase the temptation to
order food, and use uber eats more often. The group on coupons sometimes is a good deal as the
7
price of the commodity or service on their website is different from the offered discount price in
the group on. Coupons are a famous sales promotion tool marketers use to encourage customers
to purchase.
Some coupons did provide tangible benefits for me when used strategically. Additionally,
coupons can be used to try new products or services that a customer may not have tried
otherwise, providing a low-risk opportunity to experiment. However, I also believe coupons can
be gimmicks if they do not offer any real value to customers if not used rationally.
Word of Mouth
rented and had a wonderful experience throughout my stay. A few skincare products have
worked well for the price they offer. Some products from amazon make life easy and organized.
I also did purchase many products like my phone by a recommendation from a trusted
friend. I rely on customer reviews a lot, and I do much pre-purchase research on the rating of
customer satisfaction and ask a couple of people before I buy expensive or, in general, anything
I am more likely to buy a product by word of mouth than advertising because I value user
experience and feel that the product has been put through a thorough test, which makes the
purchase safe and makes me feel confident in buying it. Word-of-mouth recommendations are
often more powerful than advertising because they come from a trusted source reporting that
they are more likely to purchase a product based on a recommendation from a friend or family
member. Advertising, for me, is very superficial and makes me aware of the product, but I view
it with skepticism regardless of its actual quality or usefulness. However, there are situations
8
when an advertisement shows user testimonials and describes the quality and the differential
factor very well. When the product is suitable, I will go for it if it is returnable.
References