advertising strategy
DESCRIPTION
report for principles of marketingTRANSCRIPT
CHAPTER 8: ADVERTISING STRATEGYPREPARED BY:
JOHN ROBIN CRUZMARK REINIER LIMTANGCO
SORZOX MACEDAJHUNIL OPELARIO
JIREH PEÑAALMIRA JANE PERGISJUDY ANN SANTIAGO
I. ADVERTISING
• Any paid form of presentation of ideas, goods, services or organizations by an identified sponsor.
• Often associated with sales promotion• Considered as the product PULL with an
indirect longer-term approach of gaining customers.
• Used to stimulate purchase intentions, change and creation of brand attitudes, and brand awareness of prospective buyers.
II. PURPOSES
• BRAND ADVERTISING– Aims to stimulate demand for a particular
brand• INSTITUTIONAL ADVERTISING– Aims to develop goodwill for a company or
industry• CLASSIFIED ADVERTISING– Aims to inform prospects regarding
opportunities such as buy and sell, events and employment
II. PURPOSES
• PROMOTIONAL ADVERTISING– Aims to inform prospects about
promotional activities such as a special sale
• ADVOCACY ADVERTISING– Aims to convince the audiences regarding a
particular cause
III. ADVERTISING OBJECTIVES
• Functions as a tool for persuasion and informing target customers.
• Must be SMART (Specific, Measurable, Attainable, Realistic, Time-bound)
III. ADVERTISING OBJECTIVES
Advertising Objectives TO INFORM target customers about:1. New product2. Product function 3. Correct usage 4. New uses5. New distribution6. Price adjustment
III. ADVERTISING OBJECTIVES
TO PERSUADE target customers about:1.Brand preference2.Brand switching3.Urgency to buy now4.Action to be taken (like phone-in-
inquiry)
IV. ADVERTISING MIX
• These are the critical advertising decisions to be made before an advertising program can be implemented
• Usually made after the definition of target market and advertising objectives
IV. ADVERTISING MIX
ADVERTISING MIX1. WHAT to say (message / positioning)2. HOW to say it (copy execution)3. WHERE to say it (media selection)4. WHEN to say it (media scheduling)5. HOW MUCH to spend (advertising budget)6. HOW to measure effectiveness of results (advertising
testing)
IV. ADVERTISING MIX
A. POSITIONING: (What to say to consumers)• The act of communicating to consumers the
overall positive impression for a brand, relative to competition
• Achieved through media communication and adoption of marketing policies consistent with the desired image
IV. ADVERTISING MIX
• PRICE Beer na Beer: Kuhang kuha ang lasa, sa mas mababang halaga
• PRODUCT ATTRIBUTE French Baker: The Freshness Baker
• PRODUCT CATEGORY Ascof Lagundi: The leading cough remedy that is all natural
• PRODUCT SOURCE Ginseng: Proudly made in Korea
IV. ADVERTISING MIX
• USER SEGMENT Duty Free Shopping: For balikbayan shopping
• USAGE BEHAVIOUR Viva Mineral Water: Wash Away Your Excesses
• EXPERIENCE / FEELING Chowking: Dito Kumakain ang Masarap Kumain
• AGAINST COMPETITION Nizoral shampoo: 100 times better than the leading brand
IV. ADVERTISING MIX
RIES AND TROUT POSITIONING GUIDELINES 1. What position do you currently own?2. What position do you want to own?3. Whom do you have to defeat to own the position
you want?4. Do you have the resources to do it?5. Can you persist until you get there?6. Are your tactics supporting the positioning objective
you set?
IV. ADVERTISING MIX
REPOSITIONING• It is done to change the past perceptions of
the target consumer.• It has two concepts:1.Changing an old brand positioning to a new
brand positioning2.Changing consumer perception of competitors
IV. ADVERTISING MIX
B. COPY STRATEGY (How to say the message)• The basic proposition, consumer promise, or
statement of benefit.• Includes the product features and pieces of evidence
that justify the proposition to make it as convincing as possible
• Written after a thorough understanding of the needs and wants of the consumers
• It also includes the tone of voice on how the message should be delivered
IV. ADVERTISING MIX
STAGES IN CREATING ADVERTISING1. Preparation of copy strategy and/ or brief to guide the
creative team.2. The creative process itself where the output is a
storyboard (similar to a comic strip) in the case of a TV advertisement; “compre” in the case of print advertisement; and script (with or without jingle) in the case of a radio commercial.
3. Evaluation of the creative output which could be a combination of logic, research and judgement.
IV. ADVERTISING MIX
GUIDE QUESTIONS FOR COPY BRIEF WRITING1.Brand Overall Objectives2.Target Market3.Diagnostic Positioning4.Factors Influencing Product Purchase
IV. ADVERTISING MIX
ADVERTISING EXECUTION STYLES • SLICE OF LIFE – shows one or more persons using the
product in a normal setting• SCIENTIFIC EVIDENCE – uses scientific and laboratory
evidences in product promotion• TESTIMONIAL EVIDENCE – testimonial coming from
a credible individual or a group • TECHNICAL EXPERTISE – shows the company’s
expertise and experience in making the product
IV. ADVERTISING MIX
• LIFESTYLE – emphasizing on how a product fits in with a lifestyle
• FANTASY – fantasy is created around the product or its use
• IMAGE – claims anything about their product except by suggestion
• MUSICAL – uses music to endorse the product• PERSONALITY SYMBOL – associates a personality to
a product
IV. ADVERTISING MIX
C. MEDIA PLAN: (Where and when to advertise)• Exposure (E) – placement of an advertisement in a media
vehicle and creates awarenessVARIABLES OF EXPOSURE• Reach (R) – the number of consumers exposed to
particular advertising at least once during the specified duration. It has two types.Registration – people who correctly recall and playback
something meaningfulRecognition – people who could not playback anything
meaningful, but recognize the advertisement
IV. ADVERTISING MIX
• Frequency (F) – the number of times consumers are reached
• Impact (I) – the qualitative value of an exposure through a given medium size
• Traditional advertising is composed of the TELEVISION, RADIO, NEWSPAPERS and MAGAZINES.
IV. ADVERTISING MIX
Reach versus FrequencyReach 1. When the brand has a strong brand franchise2. When the product use-up rate is low3. When making announcements of high news value4. When products advertised are in the innovative stage
(as in a product life cycle)5. When target audience is broad and undefined6. When product user base is still growing
IV. ADVERTISING MIX
Frequency
1. When weak brand loyalty exists in the product category2. When product use-up rate is fast3. When message to be delivered is complex4. When high top of mind recall is essential to purchase 5. When market pre-emption is desired6. When strong competition exists
IV. ADVERTISING MIX
D. ADVERTISING BUDGETFactors to be considered:1.Product Category2.Competition and Market Shares3.Advertising Frequency
IV. ADVERTISING MIX
Accountable Advertising• It utilizes the use of direct marketing through
mail, TV, radio, or cable channels such as Home TV Shopping.
• A wider and more money-wise way of direct marketing is used through emails.
IV. ADVERTISING MIX
E. ADVERTISING TESTING• BUY TEST – developed by Dr. Milton
Sherman Group Inc. of New York• It measures consumer response to
broadcast and occasionally, to print advertising
IV. ADVERTISING MIX
DOES IT PERSUADE?IS IT RELEVANT?
IS IT UNDERSTOOD?
BUY TEST BUY SCALE
REFERENCE:FUNDAMENTALS OF MARKETING
BY: JOSIAH GO AND CHIQUI ESCAREAL-GO