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Purpose of Marketing
The purpose of marketing is to research
and analyze your consumers all the time,
conduct focus groups, send out surveys,
study online shopping habits, and ask one
underlying question: "Where, when, and
how does our consumer want to
communicate with our business?"
Modern Marketing began in the 1950s
when people started to use more than just
print media to endorse a product. As TV --
and soon, the internet -- entered
households, marketers could conduct entire
campaigns across multiple platforms. And
as you might expect, over the last 70 years,
marketers have become increasingly
important to fine-tuning how a business
sells a product to consumers to optimize
success.
In fact, the fundamental purpose of
marketing is to attract consumers to your
brand through messaging. Ideally, that
messaging will helpful and educational to
your target audience so you can convert
consumers into leads.
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. Actually, advertising includes all
the activities performed by the
enterprise to present the goods and
services to the consumer and to
motivate them to buy these goods
and services. It is non-personal form
of communication, which is paid for
by the marketer (sponsor) to promote
his goods and services.
Advertising activities can also be categorized into 5 types
based on the advertising medium used. These types of
advertisements are:
To Inform
Advertisements are used to increase brand awareness and brand exposure in
the target market. Informing potential customers about the brand and its
products is the first step toward attaining business goals.
To Persuade
Persuading customers to perform a particular task is a prominent objective of
advertising. The tasks may involve buying or trying the products and services
offered, forming a brand image, developing a favourable attitude towards the
brand etc.
To Remind
Another objective of advertising is to reinforce the brand message and to
reassure the existing and potential customers about the brand vision.
Advertising helps the brand to maintain top-of-mind awareness and to avoid
competitors stealing the customers. This also helps in the word of mouth
marketing.
Importance Of Advertising
To The Customers
Convenience: Targeted informative advertisements make the
customer’s decision-making process easier as they get to know
what suits their requirements and budget.
Awareness: Advertising educates the customers about different
products available in the market and their features. This knowledge
helps customers compare different products and choose the best
product for them.
Better Quality: Only brands advertise themselves and their
products. There are no advertisements for unbranded products. This
ensures better customer quality and a good business model as no
brand wants to waste money on false advertising.
To The Business
Awareness: Advertising increases brand and product awareness
among the people belonging to the target market.
Brand Image: Clever advertising helps the business to form the
desired brand image and brand personality in the minds of the
customers.
Product Differentiation: Advertising helps the business
differentiate its product from competitors’ and communicate its
features and advantages to the target audience.
Increases Goodwill: Advertising reiterates brand vision and
increases the brand’s goodwill among its customers.
Value For Money: Advertising delivers the message to a wide
audience and tends to be value for money when compared to other
elements of the promotion mix.
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 that 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 boost existing customers’ confidence in the brand
as they feel 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 help 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 educate
them on 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 confuse the buyer about what to buy and whether they
should buy the product or not.
Is Sometimes Misleading: Some advertisements use smart
strategies to mislead the customers.
Only For Big Businesses: Advertising is costly, and only big
businesses can afford it. This puts small businesses out of
competition with big businesses that 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.
What Is Print
Advertising?
Print advertising refers to the use of printed media like newspapers, magazines,
journals, etc., to convey a sponsored message or pitch an offering to the reader.
It’s one of the oldest and most common forms of advertising that captures
people’s attention while they are reading their favourite publications.
While print advertising might seem like a thing of the past in the digital age, it’s
still an effective way to reach people, especially when it comes to certain
demographics like older generations.
This makes print advertising an essential tool for every brand and business,
whether they want to market to baby boomers or millennials.
Here are some of the most common types of print advertising based on the print
medium used:
The product being advertised in the advertisement is EOS Lip Balm. The
brand has chosen a clever way of presenting the product to make it look
beautiful and delicious and attract audiences’ attention. The advertisement
also uses element of metaphor to subtlety send the message of the product
to the audiences. In the advertisement, few EOS lip balms can be seen
displayed in an ice cream glass bowl. The EOS lip balms are displayed to
resemble dessert toppings, for example fruits. The brand is trying to imply
that the product tastes and smells so sweet that it could be used as a
substitute for fruits to go with your dessert. The layout of the advertisement
delivers a positive and soft or mellow vibe, which is reinforced by the
slogan that says, “The lip balm that makes you smile”. Moreover, the
description of the product that says “keep your lips looking and feeling soft,
smooth and perfectly moisturized everyday” matches the image the
advertiser is trying to portray.
One might see digital image ads while visiting websites like Feedough,
Facebook, and Twitter. Here is an example:
Aashish Pahwa
A startup consultant, digital marketer, traveller, and philomath. Aashish has worked with
over 20 startups and successfully helped them ideate, raise money, and succeed. When not
working, he can be found hiking, camping, and stargazing.
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What Is Advertising? - Examples, Objectives, & Importance