Presentation is loading. Please wait.

Presentation is loading. Please wait.

Part 5: Principles: How to Win the Battle of the Buzz

Similar presentations


Presentation on theme: "Part 5: Principles: How to Win the Battle of the Buzz"— Presentation transcript:

1 Part 5: Principles: How to Win the Battle of the Buzz
Special Advertising Campaigns Part 5: Principles: How to Win the Battle of the Buzz Chapter 18 Prentice Hall, © 2009

2 Questions We’ll Answer
CHAPTER KEY POINTS Questions We’ll Answer What is retail advertising all about; and what makes it distinctive? How can we best explain the basics of B2B advertising? What are the basic goals and operations of nonprofit and social marketing? Which strategic decisions are behind international advertising and IMC? Prentice Hall, © 2009

3 IMC AND TOTAL COMMUNICATION
What is an IMC campaign? A campaign is a complex set of interlocking, coordinated activities. An Integrated Marketing Communications campaign plan outlines objectives and strategies for different but related marketing communications efforts that appear in different media, use different marketing communication tools, and convey different but complementary brand-consistent messages to a variety of stakeholders. Prentice Hall, © 2009

4 Planning an IMC Campaign
IMC AND TOTAL COMMUNICATION Planning an IMC Campaign Choosing the best marcom tools based on their strengths and weaknesses in achieving campaign objectives results in synergy. When all pieces work together, the whole is greater than the sum of its parts. The Integration Triangle identifies three key aspects that must work together to create integration. What the company/brand says about itself (say) How the company/brand performs (do) What other say about the company/brand (confirm) Brand consistency is not just a strategic need; it’s also cost-efficient and builds longer lasting customer relationships. Prentice Hall, © 2009

5 What is retail advertising?
RETAIL MARKETING AND ADVERTISING What is retail advertising? Retail advertising accounts for nearly half of all money spent on advertising. Two missions of retail advertising: Selling the brand of the store Selling individual brand items Three types of retail stores: Independently owned (e.g., barber shop) Franchises (e.g., KFC, Hertz) Corporate (e.g., Starbucks, Macy’s) Prentice Hall, © 2009

6 RETAIL MARKETING AND ADVERTISING
Retail Objectives Primary objective is building store traffic Attracting new customers Building store loyalty Increasing the average sale Maintaining inventory balance; moving out overstock and outdated merchandise Creating a sense of urgency Prentice Hall, © 2009

7 RETAIL MARKETING AND ADVERTISING
Retail Targeting Geography Where do my customers live? How far will they drive to visit my store? Consumer Taste Offers, merchandise, and advertising messages are tailored to consumer preferences. Prentice Hall, © 2009

8 Cooperative Advertising
RETAIL MARKETING AND ADVERTISING Cooperative Advertising National brand reimburses the retailer for all or part of their advertising expenses. Allows retailers to compensate for their smaller budgets and limited expertise. Also called ad allowances or promotional allowances. Many retailers won’t consider taking on a new brand without co-op support. Prentice Hall, © 2009

9 RETAIL MARKETING AND ADVERTISING
Creating the Retail Ad People choose a store based on personnel, location, pricing policy, products, history, social responsibility. Store location information is essential (address, map). Advertising is created by in-house staff, local media, agencies, or freelancers. Sometimes, local campaigns created by local agencies can go national. Smaller retailers use stock artwork; larger ones may use custom artwork. Manufactures offer dealer tags or donuts. Prentice Hall, © 2009

10 The Media of Retail Advertising
RETAIL MARKETING AND ADVERTISING The Media of Retail Advertising Local retailers prefer reach over frequency. Retailers use direct mail because it minimizes waste. Newspapers offer audience selectivity. Zone editions Shoppers Pre-prints Free-standing inserts Radio is used by local retailers for its low cost and high selectivity in terms of geography and audience. Local magazines reach upscale consumers. National magazines offer regional or metro editions. The Internet allows stores to sell online. Prentice Hall, © 2009

11 BUSINESS-TO-BUSINESS ADVERTISING
What is B2B Advertising? Advertising directed at people in business who buy or specify products for business use. Business advertising is used to: Create corporate brand awareness Enhance the company’s reputation Support salespeople and other channel members Generate new business leads Prentice Hall, © 2009

12 BUSINESS-TO-BUSINESS ADVERTISING
B2B Buyer Behavior Businesses buy goods and services because they need: Ingredients for products they make Goods (desks) and services (legal, accounting) to operate their business Business marketing differs from consumer marketing. Decisions often by committees; focus on rational factors Purchase is negotiated by a buyer B2B advertising focuses on reasons/benefits like price, service, quality, or assurance of supply. Prentice Hall, © 2009

13 Types of B2B Advertising
BUSINESS-TO-BUSINESS ADVERTISING Types of B2B Advertising Industrial advertising Government advertising Trade/channel advertising Professional advertising Agricultural advertising Directed at original equipment manufacturers like General Motors, IBM Prentice Hall, © 2009

14 Types of B2B Advertising
BUSINESS-TO-BUSINESS ADVERTISING Types of B2B Advertising Industrial advertising Government advertising Trade/channel advertising Professional advertising Agricultural advertising Largest purchaser of industrial goods is local, state, and federal government May be advertised in government-targeted publications Prentice Hall, © 2009

15 Types of B2B Advertising
BUSINESS-TO-BUSINESS ADVERTISING Types of B2B Advertising Industrial advertising Government advertising Trade/channel advertising Professional advertising Agricultural advertising Used to persuade distribution channel members to stock the manufacturer’s products Prentice Hall, © 2009

16 Types of B2B Advertising
BUSINESS-TO-BUSINESS ADVERTISING Types of B2B Advertising Industrial advertising Government advertising Trade/channel advertising Professional advertising Agricultural advertising Directed at mostly white-collar workers like lawyers, doctors, accountants, teachers Prentice Hall, © 2009

17 Types of B2B Advertising
BUSINESS-TO-BUSINESS ADVERTISING Types of B2B Advertising Industrial advertising Government advertising Trade/channel advertising Professional advertising Agricultural advertising Promotes products and services to those involved in growing, raising, or producing agricultural commodities Prentice Hall, © 2009

18 Creating B2B Advertising
BUSINESS-TO-BUSINESS ADVERTISING Creating B2B Advertising Select strongest benefit Dramatize most important benefit Choose relevant visuals Make the offer clear Provide contact information Prentice Hall, © 2009

19 BUSINESS-TO-BUSINESS ADVERTISING
B2B Advertising Media General business and trade publications Horizontal vs. vertical publications Directory advertising Consumer media The Web Direct marketing Prentice Hall, © 2009

20 What is nonprofit or social marketing?
Marketing for the good of society Used by hospitals, government agencies, zoos, museums, orchestras, religious organizations, charities, and universities and schools to “sell” their services, programs, and ideas. Goals include: Membership (AARP, Chamber of Commerce) Donations (Red Cross, United Way) Participation (Habitat for Humanity) Sales (museum gift shops) Recruitment (the military, universities) Attitude change (political parties) Advocacy (Weyerhaeuser for forest management) Visits or attendance (state tourism programs, museums) Prentice Hall, © 2009

21 NONPROFIT OR SOCIAL MARKETING
Types of Campaigns Fund-raising (development) Capital campaigns raise a specific amount of money over a set time for buildings, equipment, or programs. Social Marketing Create awareness of social needs; motivate consumers/businesses to act in certain ways Public Communications A conscious effort to influence publics’ thoughts or actions Cause Marketing Adopting a good cause and sponsoring community and fund-raising efforts (Target’s community caring effort) Mission Marketing Links a company’s mission and core values to a cause (e.g., Dove’s “real women” campaign) Prentice Hall, © 2009

22 Factors Driving Globalization
INT’L ADVERTISING AND MARKETING COMMUNICATION Factors Driving Globalization Development of international media Spread of market-based economies in countries and regions like China, South America, India, and Eastern Europe Expansion of English as an international language Web-enabled ability for even small companies to market internationally Prentice Hall, © 2009

23 Stages of Marketing Development
INT’L ADVERTISING AND MARKETING COMMUNICATION Stages of Marketing Development Stage 1: Exporting Send products to other markets Stage 2: Internationalization Selling to a group of markets in a region (e.g., Europe or Asia) Stage 3: Globalization Brands sold throughout the world Note: “Country of origin” doesn’t matter any more but can cause problems when countries are anti-American. Prentice Hall, © 2009

24 The Global vs. Local Debate
INT’L ADVERTISING AND MARKETING COMMUNICATION The Global vs. Local Debate Should companies act as if there is one global market, motivated by the same wants and desires? Or should they account for cultural differences when developing products and marketing for the cultures they serve? Three schools of thought on international advertising: Standardization—differences are a matter of degree, so focus on customer similarities and brand development. Localization—consider differences in culture, economy, media, legal environment, etc. Combination—use a standardized strategy but adapt advertising execution to the local culture. Prentice Hall, © 2009

25 INT’L ADVERTISING AND MARKETING COMMUNICATION
Cultural Meanings High-context cultures Message meanings are based on contextual cues In Japanese, a word can have multiple meanings Low-context cultures Message can be understood as it stands Most English words have clearly defined meanings It’s more difficult to write advertising messages for high-context cultures where the meaning is dependent on surrounding sentences. Prentice Hall, © 2009

26 Central Control vs. Local Adaptation
INT’L ADVERTISING AND MARKETING COMMUNICATION Central Control vs. Local Adaptation Some advertisers develop tightly controlled global campaigns while others develop local campaigns in every major market; most combine standardization and localization. Global campaigns have two starting points: Success in one country A centrally conceived strategy Global marketers strive for a consistent brand strategy that allows them to honor cultural differences when those differences are relevant to the brand’s marketing strategy. Prentice Hall, © 2009

27 Planning Approaches for International Campaigns
PUBLIC RELATIONS TOOLS Planning Approaches for International Campaigns Local initiative A successful campaign in one country is modified and used in other countries. Centrally conceived campaigns A centralized strategy is developed for use globally (e.g., Xbox) with a consistent marketing strategy Variations on central campaigns Local agencies may be used to adapt creative ideas for each market, but the strategy remains consistent. Bottom-up creativity Many agencies may submit ideas, the best one is selected and used globally. Prentice Hall, © 2009

28 Planning Global Strategies
INT’L ADVERTISING AND MARKETING COMMUNICATION Planning Global Strategies Global Objectives Reminder vs. introduction (awareness and trial) Targeting Issues Where to advertise Market development level—can the market, literacy levels, and economy support the expense of marketing the product? Cultural cohorts—a segment of customers from different countries with common characteristics, wants, needs (e.g. new mothers). Positioning the Global Brand Problems and opportunities in each market Consumer motives in each market Setting the Budget Which method? What about exchange rate? Prentice Hall, © 2009

29 Planning Global Strategies
INT’L ADVERTISING AND MARKETING COMMUNICATION Planning Global Strategies Executing the International Campaign Use local models, language, and settings. Pepsi’s “Come alive” in Taiwan means “Pepsi will bring your ancestors back from the dead.” “Finger lickin’ good” in China means “Eat your fingers off.” International Media Buying Media is different, developing, evolving in every country. Local agencies should handle media buys. Seasons and holidays differ among countries. Time zone differences can cause delays. Organization for International Campaigns Depends on standardization or localization strategy. Tight, central international control vs. local autonomy. Prentice Hall, © 2009

30 Creating IMC Campaigns on a Global Level
THE IMC FACTOR IN GLOBAL CAMPAIGN PLANNING Creating IMC Campaigns on a Global Level Integrated Marketing Communications All the messages a consumer receives about a brand work together to create a coherent brand impression. Requires horizontal and vertical integration. Vertical: coordination of decisions about targeting, positioning, objectives, strategies, and tactics. Horizontal: coordination across all countries or regions involved in a plan. May require a dedicated manager Prentice Hall, © 2009

31 Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. Printed in the United States of America. Copyright © 2009 Pearson Education, Inc.   Publishing as Prentice Hall Prentice Hall, © 2009


Download ppt "Part 5: Principles: How to Win the Battle of the Buzz"

Similar presentations


Ads by Google