Marketing & Social Media
FHNW- BITMr. Flad
FHNW- BITMr. Flad
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Flashcards
What are communication objectives?
- awareness objectives, which bring goods and services, products and brands into the consumers’ “latent set”, meaning general awareness
- acceptability objectives, which bring goods and services, products and brands into the consumers’ accepted short-list (“evoke set”) for a use, purpose or a usage category
- profiling objectives, which positively differentiate goods and services, products and brands from competing offers.
What are possible advertising objectives?
- Informative advertising
- Communicating customer value
- Building a brand and company image
- Telling the market about a new product
- Explaining how a product works
- Suggesting new uses for a product
- Informing the market of a price change
- Describing available services and support
- Correcting false impressions
- Persuasive advertising
- Building brand preference
- Encouraging switching to a brand
- Changing customer perceptions of product value
- Persuading customers to purchase now
- Creating customer engagement
- Building brand community
- Reminder advertising
- Maintaining customer relationships
- Reminding consumers that the product may be needed in the near future
- Reminding consumers where to buy the product
- Keeping the brand in a customer's mind during off-seasons
How much does Swiss Media spend on advertising?
- 34% Online (2100 Mio.)
- 18% Presse (1117 Mio.)
- 15% Direct marketing (984 Mio.)
- 12% TV (774 Mio.)
- 11% advertising gadgets (706 Mio.)
- 7% Event sponsoring - live sponsoring , billboards, posters (452 Mio.)
- 2% radio (151 Mio)
- 1% paper info (75 Mio.)
What three kind of media is there?
- Earned Media
- WOM, Buzz, Foren, External Blogs etc.
- High credibility and low control
- Owned Media
- Website, Blog, Twitter, Facebook, catalogs, flyers, billboards
- Medium credibility and medium control
- Paid Media
- Advertising & Co
- Low Credibility and High control
What are consequences of information overload?
There is an average information overlaod of 98%
Average ad to be read takes 40 to 45 seconds - time spent 2 secons.
people can not process that much information and feel overwhelmed by it. Result is distancing
What are goals of integrated communication?
Uniform appearance and greater acceptance
- Synergies in the use of different communication tools
- Increase motivation and identification of employees
- Improved targeting
- Compliance of internal and external views
- Competitive differentiation
- Greater control
- Reduction of "Information Overload"
- Realization of cost reduction potentials
What are the benefits of integrated communication and what are the trends?
Trends which underline the growing importance of integrated communication
- Progressive saturation of markets and harmonization of products. Instead in a product competitive market companies are rather in a communication competition today. Advertising investments rise.
- Advantages
- Communicative differentiation in the market
- Synergy effects in case of use of various instruments
- Increasing number of channels, media and communication tools.
- Advantages
- Increased efficiency through coordination of the various measures
- Information overload and overstimulation among consumers. Advertising is the longer the more not perceived and customers are less aware.
- Advantages
- Higher credibility of advertising
- Faster and simpler perception of the messages among the target group
- Higher acceptance among the target group as a result of a uniform appearance.
What is instrumental integration in Marketing communication?
What are the success factors for integrated communication?
- Consideration of integrated communications as a corporate task
- Support from the company management, respectively -communication
- Consideration and integration of all communication tools, including instruments of corporate communications such as Public Relations
- Developing a strategic communications concept, which targets the perception of stakeholders
- Inclusion of internal communication
- Development of communication rules
- Creating flat hierarchies
- Promoting interdepartmental cooperation
- Development of integration awareness among employees
- Implementation of process controls, for example, using an electronic reporting system
- Carrying out continuous efficacy and efficiency analyses
What is push marketing vs pull marketing? Describe shortly
Push marketing is information to the customer
Pull marketing customer is looking for the right information
What are the differences between push and pull strategy
Push strategy
- Producer
- Producer marketing activities (personal selling, trade promotion, other)
- Retailers and wholesalers
- Reseller marketing activities (personal selling, advertising, sales promotion, other)
- Consumer
Pull strategy is recurrent and also known as reverse marketing
- Consumers demand from
- Retailers and wholesalers demand from
- Producers which producer marketing activities (consumer advertising, sales promotion, other) to the
- Consumers
What is the cycle of performace & permission marketing?
- Define
- Measure
- Analyze
- Improve
- control
What is Targeting?
- Technical Targeting (z.B. based on IP-Address)
- Theme based Targeting (surrounding and und theme of Website)
- Socio demographic Targeting (age, civil status, sex etc.)
- Geo-Targeting (localization based on IP-Address)
- Local Search (local.ch, tel.search.ch)
- Contextual Advertising (appearing in the right themed environment)
- Keyword-Targeting (advertorial based on key word search)
- Behavioural Targeting / Interest based Advertising (surfing behaviour)
- Retargeting (Visitors that were visiting a certain website)
- weather-Targeting
What do you know about Above vs. Below the line?
Above the line (ATL)
Below the line (BTL)
ATL -> tv, radio, outdoor, newspaper, magazine -> rating, frequency, brand interaction, rating points, brand lift, reach ____Consumer
BTL -> trade marketing / sampling roads show/ door to door promotion / selling event management, direct mail -> ROI, cost per lead, real metric, new customer, quantifiable lead ---------- Consumer
What are major advertising strategy elements?
Accomplished the company's advertising objectives
Major advertising elements:
- Creating advertising messages
- Selecting advertising media
What do you need to consider when creating the advertising message and brand content?
- Breaking through the clutter
- Merging advertising and entertainment
- Message and content strategy
- Message execution
- Consumer-generated content
What are the steps in advertising media selection?
Advertising media: Vehicles through which advertising messages are delivered to their intended audiences Steps in advertising media selection:
- Determining reach, frequency, impact and engagement
- Choosing among major media types
- Selecting specific media vehicles
- Choosing media timing
What are the advantages and limitations of mediums
- Television
- Digital, mobile, social media
- newspapers
Television
- +
- Good mass-marketing coverage
- Low cost per exposure
- Combines sight, sound, and motion
- Appealing to the senses
- -
- High absolute costs
- High clutter
- Fleeting exposure
- Less audience selectivity
Digital, mobile, and social media
- +
- High selectivity
- Low cost
- Immediacy
- Engagement capabilities
- Limitations
- Potentially low impact
- High audience control of content and exposure
Newspapers
- Advantages
- Flexibility
- Timeliness
- Good local market coverage
- Broad acceptability and high believability
- Limitations
- Short life
- Poor reproduction quality
- Small pass-along audience
What are the advantages and limitations of mediums
- Direct mail
- Magazines
- Radio
- outdoor
Direct mail
- Advantages
- High audience selectivity
- Flexibility
- No ad competition within the same medium
- Allows personalization
- Limitations
- Relatively high cost per exposure
- Junk mail image
Magazines
- Advantages
- High geographic and demographic selectivity
- Credibility and prestige
- High-quality reproduction
- Long life and good pass-along readership
- Limitations
- Long ad purchase lead time
- High cost
- No guarantee of position
Radio
- Advantages
- Good local acceptance
- High geographic and demographic selectivity
- Low cost
- Limitations
- Audio only
- Fleeting exposure
- Low attention
- Fragmented audiences
Outdoor
- Advantages
- Flexibility
- High repeat exposure
- Low cost
- Low message competition
- Good positional selectivity
- Limitations
- Little audience selectivity
- Creative limitations
What should be regularly evaluated by advertisers?
Return on advertising investment: net return on advertising investment divided by the cost of the advertising investment
Advertiser should regularly evaluate
- Communication effects
- Sales and profit effects.
What is Advertising?
- Advertising is defined as any paid form of non personal presentation and promotion of ideas, goods or services by an identified sponsor.
- Advertising is certainly the most seen part of the promotions mix.
- Advertising can be traced back to the very beginnings of recorded history with Romans and Phoenicians painting their wares on walls and large rocks.
What are advantages and disadvantages of advertising?
Pros
- Reaches masses at relatively low cost
- Projects an image of the advertiser as to how large, popular and successful they are
- Adds legitimacy to the product
- Allows repetition of message and competitor comparison
- Expressive medium, visuals, sound and colour
- Used to build a long-term image
Shortcomings
- Impersonal
- Only one way communication
Define Sales promotion and what are advantages?
Definition:
Sales promotion is a range of tactical marketing techniques designed within a strategic marketing framework to add value to a product or service in order to achieve specific sales and marketing objectives.
Advantages:
- Attracts consumer attention and provides information - strong incentives
- Invites and rewards quick response
Types of sales promotion
- Manufacturer to consumer (consumer promotion).
- Retailer to consumer (merchandising).
- Manufacturer to intermediary (trade or dealer promotion)
- Promotion of sales force (staff promotion).
What are major sales promotion tools?
- Sample: offer a trial amount of a product
- Coupon: are certificates that give buyers a saving when they purchase specified products
- Rebates: are similar to coupons except that the price reduction occurs after the purchase (get 10$ back when spending 30$)
- Price packs: offer consumers savings off the regular price of a product
- Premiums: goods offered either for free or at a low price
- Advertising specialties: useful articles imprinted with the advertiser's name, logo, or message that are given as gifts to consumers
- Point-of-purchase promotion: display and demonstrations that take place at the point of sale
- Contests & Games: give consumers the chance to win something -- such as cash, trips, or goods -- by luck or through extra effort.
- Event marketing: creating a brand-marketing event or serving as a sole or participating sponsor of events created by others
What is the definition of public relations, what are advantages?
Definition
- Public relations is defined as the development of good relations with the company’s various publics, by obtaining favourable publicity, building a good ‘corporate image’ and handling or heading off unfavourable rumours, stories and events.
- ‘The planned and sustained effort to establish and maintain goodwill and mutual understanding between an organization and its publics; customers, employees, shareholders, trade bodies, suppliers, government officials, and society in general.
Advantages
- Credibility
- Needs to be used proactively
Give examples for Dialog marketing
- Dialogmarketing
- Direct-marketing
- Tele-marketing
- mailing
- Online-marketing
- Social media
- Mobile marketing
- Google adwords
- Direct-marketing
Define and name advantages of direct marketing
Direct marketing / Dialog marketing
Definition:
‘Direct marketing is marketing through various advertising media that interact directly with consumers, generally calling for the consumer to make a direct response.’
Importance:
Fastest growing form of marketing.
Benefits:
- Convenient and effective.
- Easy and private.
- Process is interactive, especially on-line marketing.
- Powerful tool for customer relationship building.
- Offers sellers a low cost, fast and efficient alternative for reaching
- Immediate and direct
- Can be customised