This marketing audit analyzes the target audience, customer profile, media strategy, competition situation, and legal and ethical requirements for Ewya beauty products. It also suggests effective measures to evaluate the media plan.
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MARKETING AUDIT Name Student ID Institutional affiliation
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Part A Introduction Target characteristics include analysis of existing customer’s demographics, cultural factors, attitudes, cultural factors, product consumption, geographic, lifestyles, psychographics, social factors and values. Target audience is a specific group that is targeted by an advertisement (Yancey et al 2009 p. 155). In Eywa advertising, the primary target audience a will be professional’s wife and female professional who are aged between 24 to 54 years old. The group is segmented and characterized by the way it uses the products and lifestyles with majority of group having high household incomes. Furthermore, target audiences will be characterized by social factors as target audience comes from various backgrounds. Target audience Target characteristics includes analysis of current customers, attitudes, cultural factors, demographics, product consumption, geographic, lifestyles, psychographics, social factors and values. Target audience is a specific group that is targeted by an advertisement (Yancey et al 2009 p. 155). In Eywa advertising, the primary target audience a will be professional’s wife and female professional who are aged between 24 to 54 years old. The group is segmented and characterized by the way it uses the products and lifestyles with majority of group having high household incomes. Furthermore, target audiences will be characterized by social factors as target audience comes from various backgrounds. Customer profile includes behavioral information such as loyalty status, benefits sought by buyer, user status, and benefits sought by buyer(Park and Chang 2009 p. 1932). Combination of demographic, geographic and psychographic data may be included in customer profile. The
data included demographic information like age, education, gender, income, marital status and occupation. The customer profile for Ewya include taking care of women skin as first priority, live active life occupying women with combination of study, work, socializing, health and staying fit. Offering natural products and being concerned with adverse effects of chemical- based skin care product. Finally, developing beauty conscious women that have strong customer base and looking for their well-being using all-inclusive approaches to health. The market is analyzed to determine and reach frequency that is required for every advertising media(Fisher 2009 p. 189). Ewya should consider whether the advertising is convenient, differentiated or undifferentiated, established, infrequently purchased or frequently purchased, highly competitive, new, whether it has low or high levels of audience involvement, ongoing, simple and unique. Media strategy is a major market factor. EWYA Company considers using the media for advertisement like health magazines, radio, TV and woman’s magazines. The company should also consider advertising over social media websites like twitter and Facebook that are cost effective(Thackeray, Neiger, Hanson and McKenzie 2008 p. 338). Furthermore, point-of-sale display in shopping malls, hospitals, chemists’ and major supermarkets should be considered. The level of involvement determines the level in which participants have possibilities of contributing in products being advertised(Burgessn 2015 p.94). Magazines, TV, radio and some social media have high rates of involvement. Although, point of sales in hospitals, supermarkets and chemistry is ideal, it has low rates of involvement as compared to social media. Product life cycle and usage is very high as the product life cycle comes in four sections including advertising message characteristics, product characteristics(Hsueh 2011p.645) In
terms of advertising message characteristics, Ewya products are 100 percent owned by Australian and their price should be reasonable. In product characteristic, the products have to be differentiated and contain tamanu oil that has capacity uniqueness to support new tissue formation in the body. Therefore, product usages and life cycles should be considered in order for a company to innovate new products that have low competition. Competition situation in the market should be considered. Ewya products prices are very cheap that the products of competitors. Competition situation evaluates other substitute’s products in the market in terms of pricing and product features(Kilduff, Elfenbein and Staw 2010 p.943). Therefore, Ewya should create brand awareness and differentiate the brand for its competitors. Creative and media implications The creative and media implications include uncluttered and cluttered media, colour, physical and electronic forms, fast production time, intrusive media, international, local or national medium, pictures, paper stocks, longer and more profitable time requirement, and illustrations, prestigious medium, printing, response forms, production requirements technique costs, sounds and words only. The product or service merchandising requirements include identification with a particular local community, specific media association in order to give the perception on value, number of required responses and safety Legal and voluntary ethics includes codes of practices like the one issued by Advertising Federation Australia (AFA), Australia communication and media authority (ACMA), Australia competition and consumer commission (ACCC), Commercial Radio Australia (CRA) and Free TV Australia (FTA). Legal and voluntary constrains may also include ethical principles, cultural
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expectations and influences, regulations, guidelines and policies societal expectations, social responsibilities such as environmental issues and protections of children and legislation including safety legislation and occupational health. The promotion budget of the promotion is estimated to be $5 million. Part B The appropriate media selection available to use for advertisements include direct mail, billboards, cables and satellite television, aerial advertising, point of sale, cinema, exhibitions and trade fairs, direct responses, video, internet, sales literature, radio, sales promotion, televisions, the press, video games, video texts. Selected media meeting legal and ethical requirements The advertising industry operates under strict regulations and they are monitored in order to ensure that what they are offering in the market are products that does not violate behavior of a specific group. Furthermore, even though with advertising laws restricting advertisers and their media vehicle from advertising unethical products, advertisers have significantly violated the ethical standards of a wide range of consumers. According toKoga (2015), advertisers must be careful when selecting media vehicles for promotion of their products and they must act ethical at all times especially when advertising to children they need to be keen .Furthermore, advertising using psychological tactics and potential harmful products may stimulate demand but have negative consequences among the users. Furthermore having a list of legal requirements a and ethical issues at add when selecting advertisement media or vehicle helps in crafting legal responsible messages.Therefore, the selected media must adhere to all ethical elements by having dissimilarity to any proven media or media vehicle. Furthermore, it must be worthy a
controllable test basing the similarities that exist between the customer base of an organization and media or vehicle audience. There must be a proven ability of reaching target market in the past. Advertising reach is defined as total number of people that reads issues that are printed in media schedule at a specific period of time. Furthermore, advertising reach, may include all people who have heard, or viewed several advertisements programs in a media vehicles or included a broadcast media schedule. Advertising frequently is the sum of printed media issues in a print media schedule at a specific time period. Advertising frequently involves people who have read at least one issue. Number of people frequently determines advertising in abroad media schedule. The selected media requirement must meet all media requirement in order to have desired read and frequencies. The media requirements for desired reach and frequency in from Ewya advertising brief include number of target audience reached. The target audience it depends on market segmentation of the products as in most cases customers who are loyal to products are likely to be more attentive to the advertisements. The number of responses including current customer base versus expected attrition and growth market are key determinants of reach and frequencies advertising. The responses are likely to be high where the product has developed an effective brand trust and customer loyalty. Furthermore, customers feel response highly when they have a previous knowledge about the advertised product. If a number of response is low a particular market segment then Ewya advertising need to conducted in that place as it is clear indication that the product is in declining phase in that area. When the product is growing in the market or expanding to new products there is likely have high responses indicating that many consumers have heard about the product or used the product previously. Therefore, through assessment of the product target reaches and
frequencies Ewya can determine the areas where products has not experience growth and conduct a deep advertisement in those key areas. Part c Effective measures to evaluate media plan The measurement used to evaluate the media plan include cost per response, number of responses and gross profit per contact. The effective measurements are further classified as physiological, readership, sales, attitude, media audiences, awareness, inquiry, opinion and recall measurements. Other effective measures includes split cable test, market tests, split run tests, test of different direct market offers, creative executions, media vehicles and theaters. Conclusion Companies need to manufacture products of high quality and advertise the products so that people can be aware about the benefits. When consumers know about the benefits of a product, the interest to purchase grows and they may end up buying the product. Ewya needs to use the best channels for advertisement in order to ensure that it advertises to the right target audience. To succeed in their advertisement strategies, Ewya should have the desired consumer parameters in order to ensure that they implement the best advertisement plan so as to let consumers have information about their characteristics. Furthermore, the organization should ensure that it uses the right promotional strategies in order to entice customers in their willingness to explore the beauty products. Women are the major consumers of beauty products thus should be prioritized and targeted in the advertisement strategies. The company should also consider companies offering beauty services like salons in order to acquire customers who buy in bulk. Bulk-buying can positively impact the revenue of the organization.
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