what is the communications mix, how should it be set
TRANSCRIPT
What is the
Communications Mix,
How Should it be
set?
Marketing Mix
Technology and other factors have
profoundly changed the way
consumers process communication.
• Pervasive: It can have an
unwelcome influence on
people.
• Expressiveness: provides
opportunities for
dramatizing
• Control: Specific aspects
can be focussed
S• Attention-getting
• Provides Incentive
• Provides a distinct
Invitation to
Customers
3.Public Relations• More Credible
than Ads
• Ability to reach
hard-to-find buyers
• Can Dramatize the
company
4.Events and
Experiences• Engaging
• Relevant
• Implicit :They are
“Soft Selling” ways
5.Direct and
Interactive Marketing• Customized
• Up-to-date: A custom
message can be prepared
in 5 minutes
• Interactive: The message
can be changed
depending on customer
response
• Influential
• Personal
• Timely :Occurs
when people are
most Interested
• Interactive
• Cultivation: Permits all
kinds of Relationships
• Responsive
Companies must
allocate the marketing
communications
budget over the Seven
major modes of
Communication.
Consumer Marketers tend to
spend more on Sales
Promotion and Advertising.
Business Marketers spend
more on Personal Selling.
Communication tools
vary in cost-effectiveness
at different Stages of
Buyer Readiness
Cost Effectiveness of Communication
Tools at Different-Buyer-Stages
Communication Tools used
in Different Stages • Introduction Stage: Advertising,
Events and Experiences
• Growth Stage: Word-of-mouth, Sales
Promotion and Direct Marketing
• Maturity Stage : Advertising, Events
and Experiences and Personal Selling
• Decline Stage: Sales Promotion
Disclaimer:
These slides were created by
PreethamV Raikar, IIT Madras
during a Marketing internship by
Prof. Sameer Mathur, IIM Lucknow
(See www.IIMInternship.com )