The report discusses the proposed promotional plan for Edmond Bruno in marketing their footwear in the premium and higher end market. It includes the pattern and format of the proposed advertisement and the approach to be followed. The target audience, product description, and major selling idea are also discussed.
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Running head: MARKETING COMMUNICATION Marketing communication Name of the student Name of the university Author note
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1MARKETING COMMUNICATION Executive summary The aim of this report is to discuss about the proposed promotional plan for Edmond Bruno in marketing their footwear in the premium and higher end market. This report discussed about the pattern and format of the proposed and the approach of the advertisement to be followed. In doing so, different elements are being discussed, which will help to have the most effective form of marketing for Edmond Bruno. This report concluded that they should initiate customer oriented approach to have better understanding of the target market trends.
2MARKETING COMMUNICATION Table of Contents Introduction......................................................................................................................................3 Promotional budget..........................................................................................................................3 Determination of the communication strategy................................................................................5 Identification of the key message for target audience.................................................................5 Identification of sources..............................................................................................................5 Rationale for messages................................................................................................................6 Identification of the problem statement...........................................................................................6 Identification of the target audience................................................................................................7 Product description..........................................................................................................................7 Identification of the major selling idea............................................................................................8 Identification of supporting information.........................................................................................9 Advertisement appeals and selling style..........................................................................................9 Advertisement execution...............................................................................................................10 Conclusion.....................................................................................................................................10 Reference.......................................................................................................................................12
3MARKETING COMMUNICATION Introduction The competitive scenario in the current business situations is causing the contemporary business organizations to have an effective promotional and communication approach. This is due to the reason that effective promotional approaches will help the business in staying ahead in the competition. However, to have the effective promotional strategy, it is important to consider a few factors such as proper allocation of funds, content and communication channels1. In the previous assignment, it was identified that competition forEdmond Bruno is increasing with the business situations are getting more competitive. Thus, it is important for them to have a holistic promotional campaign. This report will discuss about the allocation of the fund for promotional activities with the help of a budget. In addition, the recommended communication strategy including the message for the target audiences will also be provided and rationale behind it. This report will also discuss about the problem statement and the design of the advertisements. Promotional budget Promotion ToolsAmount (in €) Digital Media Marketing Tools Facebook€4,000 Twitter€5,000 Youtube€7,500 Total Social Media Marketing expenses€16,500 1Chen, S., Thomas, S. and Kohli, C., 2016. What Really Makes a Promotional Campaign Succeed on a Crowdfunding Platform?: Guilt, Utilitarian Products, Emotional Messaging, And Fewer But Meaningful Rewards Drive Donations.Journal of Advertising Research,56(1), pp.81-94.
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4MARKETING COMMUNICATION Other Online Marketing Media E-mail Marketing€25,000 Online Display advertisements€10,000 Other Online promotional Campaigns€29,000 Total Budget for Online Media€64,000 Traditional Marketing Media Newspapers€10,000 Magazines€30,000 Total Print Media€40,000 TV Channels€75,000 Billboards€30,000 Total€105,000 Total Required Budget for Promotion€225,500 From the above budget, it is evident that major funds are allocated to the traditional channels including the television, newspaper and magazines. This is due to the reason that regardless of the domination of the online media channels in the recent time; traditional channels are having greater effectiveness. Thus, the major funds are being allocated to this section. It should be noted that higher end professionals are the target segment for Edmond Bruno and they can be targeted through the news channels and magazines2. Furthermore, the second highest allocation is being done for the online media, which is one of most emerging trends in the current 2Koch, O.F. and Benlian, A., 2015. Promotional tactics for online viral marketing campaigns: how scarcity and personalization affect seed stage referrals.Journal of Interactive Marketing,32, pp.37-52.
5MARKETING COMMUNICATION time. Thus, it can be concluded that allocation of funds for both the traditional and online media will help Edmond Bruno in having the maximum reach in the market. Determination of the communication strategy Identification of the key message for target audience For the male customers between the age group of 20 and 30 years, the message will be to aware them about a new lifestyle brand in the footwear market with having more style and social value. This message will be communicated across all the targeted age groups. This is due to the reason that brand positioning ofEdmond Bruno will be same across all the target segments3. Moreover, innovation will be given the major focus in the communication process in order to create the distinctive image in the market and among the higher end footwear brand. “Introducing the most innovative and coming of age lifestyle leather brand for the most exclusive users”. This message will help in creating the premium image among the customers and they will be attracted due to the social value. Identification of sources One of the major sources is the competitors. This is due to the reason thatEdmond Bruno is operating in the niche customer segments and in this case, the positioning of the competitors determine the positioning of Edmond Bruno. Majority of the players in this segment are positioned their products on the basis of price and quality. This led to positioning on the basis of innovation by Edmond Bruno4. However, on the other hand, the preference pattern of the 3Ziliani, C. and Ieva, M., 2015. Retail shopper marketing: the future of promotional flyers.International Journal of Retail & Distribution Management,43(6), pp.488-502. 4Danaher, P.J. and Dagger, T.S., 2013. Comparing the relative effectiveness of advertising channels: A case study of a multimedia blitz campaign.Journal of Marketing Research,50(4), pp.517-534.
6MARKETING COMMUNICATION customers is also a determining factor for designing the communication message for Edmond Bruno. This is due to the reason that communication approach should be made in accordance to the taste and preference of the customers. Currently, the customers are expecting new designs and innovations in the premium footwear market and thus Edmond Bruno created the message accordingly. However, if the trend of the customers gets changed, then the message should also be changed5. Rationale for messages Innovation is the key behind the achievement of success in the current business scenario and it is not exception for the premium footwear industry also. Thus, innovation is being given the major concentration over other factors. Moreover, it should also be noted that without innovation, business will not be viable enough in higher end or mass market. This is due to the reason that customers are willing to have newer products frequently6. On the other hand, the addition of lifestyle element in the communication message will also be effective due to the reason that higher end brands cannot only survive based on quality but also social value and style quotient. Thus, with the addition of the lifestyle element,Edmond Bruno will be to communicate the social value and status to be gained from the brand. Identification of the problem statement According to the previous assignment, the major problem being faced byEdmond Bruno in their business is the increased competition from the side of the major competitors such as Hugo Boss and Aquila. Both these brands are being positioned as premium and quality product 5Zhurkina, L.S., Ukhanova, J.A. and Nikishin, A.F., 2015. Promotional activities in trade and different ways to improve them.Austrian Journal of Humanities and Social Sciences, (5-6), pp.157-158. 6Thorpe,A.andBowman,H.,2013.Promotingdiscovery:Creatinganin-depthlibrarymarketing campaign.Journal of Library Administration,53(2-3), pp.100-121.
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7MARKETING COMMUNICATION in the market. Thus, it is important for Edmond Bruno to have a distinctive promotional strategy in staying ahead of the competition. Moreover, it is also should be noted that promotional strategy of Edmond Bruno should be distinctive enough to create unique awareness and identity in the market. Another major problem for Edmond Bruno is the lower brand identity for Edmond Bruno as compared to their competitors7. This is due to the fact that Edmond Bruno has entered in the market late compared to their competitors. In view to this situation, the promotional strategy of Edmond Bruno will be discussed in the next sections. Identification of the target audience The target audience forEdmond Bruno will be professionals from the age groups between 20 and 30. They are having preferences for fashionable products and intend to have latest with them. Thus, the advertisement will also be designed on the basis of this target audience and will feature young characters only. Moreover, the goal of the advertisement will be to aware the customers about the benefits to be fulfilled by Edmond Bruno products. Product description The advertisement will be less informative and more aesthetic due to the reason that Edmond Bruno will be positioned among the premium footwear segment and footwear is not an unusual product. Thus, there is no need for providing much information regarding the generic products. In addition, advertisement for the premium and niche products should be done on the basis of aesthetic and social value and status and not on the basis of utilities8. Thus, the advertisement will not have many explanations; rather the feel good and lifestyle factors will be 7Ginevičius,R.,Podvezko,V.andGinevičius,A.,2013.Quantitativeevaluationofenterprisemarketing activities.Journal of Business Economics and Management,14(1), pp.200-212. 8Erevelles, S., Fukawa, N. and Swayne, L., 2016. Big Data consumer analytics and the transformation of marketing.Journal of Business Research,69(2), pp.897-904.
8MARKETING COMMUNICATION given most concentration. The advertisement will be designed in such as a way that it will aware the customers regarding the social values to be gained. Thus, the styles, colors and aesthetic value of the advertisements will be more focused over other elements. Identification of the major selling idea It is to be noted that in the premium fashion segment, customers prefer the style and social value more over utilities and it is evident in the marketing activities of different luxury fashion brands. However, the promotional strategy ofEdmond Bruno will have two ways approach focusing on both utilities and social statement of the products. Initial focus point for the advertisement will to create the lifestyle and premium statement9. This is due to the reason that customers will initially get attracted towards the promotion only if they are feeling positive about it. In the next stage, the utilities of the product will be communicated, which will further create the points of difference between the products of Edmond Bruno and their competitors. The major selling idea for Edmond Bruno will be the style. Promotional strategy of Edmond Bruno will promote fast fashion concept, which will help to convey the message that latest styles will be offered in every time. This will also be a major point of difference with the competitors because Edmond Bruno will be the first in introducing new designs and styles in the market. Another major point of difference with the competitors will be the approach of the advertisements. This is due to the fact that majority of the competitors are giving royal treatment to their advertisements in depicting their premium image10. On the other hand, Edmond Bruno will design their advertisement in more causal and formal way. This will help in conveying the fact that footwear 9Mintz, O. and Currim, I.S., 2013. What drives managerial use of marketing and financial metrics and does metric use affect performance of marketing-mix activities?.Journal of Marketing,77(2), pp.17-40. 10Huang, Y.T. and Rundle-Thiele, S., 2015. A holistic management tool for measuring internal marketing activities.Journal of Services Marketing,29(6/7), pp.571-584.
9MARKETING COMMUNICATION of Edmond Bruno can be usable for daily purposes along with maintaining the social value. Thus, the differences in the approaches of the advertisements will be beneficial in creating another point of differences between the Edmond Bruno and their competitors. Identification of supporting information One of the mandatory aspects that should be included in the advertisement is the sustainable sourcing of the materials. This is due to the reason that communication of the sustainable sourcing of the materials will create positive awareness among the target customers and the social value will further get amplified. On the other hand, even though this is not mandatory to show in the advertisements but it will act as the point of differences with that of the competitors11. Furthermore, customer protection act will also be followed in order to have the assurance that no misleading information will be communicated to the customers. Thus, the customer assurance will be more and this can also act as a competitive factor forEdmond Bruno. Advertisement appeals and selling style Common characters will be used in supporting the selling idea rather than the celebrities. This is due to the reason that daily purposes element cannot be communicated through the advertisements with celebrities. Thus, the appeal will be maintained as causal as possible. Moreover, characters to be used will be from the younger generation due to the reason that it will help to target the concerned target segments effectively12. On the other hand, in terms of the selling style, soft tell approach will be initiated due to the fact that it will help in having better 11Tiago, M.T.P.M.B. and Veríssimo, J.M.C., 2014. Digital marketing and social media: Why bother?.Business Horizons,57(6), pp.703-708. 12Rothschild, A.R. and Slomkowski, R.S.M., 2013.System and method for adding an advertisement to a personal communication. U.S. Patent 8,527,345.
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10MARKETING COMMUNICATION retention ratio of the customers. Moreover, soft tell approach will be effective in creating the better feel good factor for the targeted customers. Advertisement execution It is recommended that Omni Channel approach will be followed in executing the proposed advertisements. This will involve both the online and offline mediums, which is further help in having holistic implementation process. However, it should also be noted that customer oriented approach will also be followed due to the reason that it will help in assigning the advertisements according to the market trends13. This is important in the current time due to the reason that trend in the market is getting changed in more frequent manner than ever and initiation of the customer oriented approach will ensure that advertisement ofEdmond Bruno will be in line to thistrend. Implementationof theonline mediumswillopen up new opportunities due to the reason that more avenues such as social media can be utilized by Edmond Bruno in promoting their advertisements. Conclusion This report concludes that the current competitive scenario ofEdmond Bruno is leading to the importance of an effective promotional strategy. There are number of elements being discussed in this report including the communication strategy, target audience and problem statement. It is identified that the proposed promotional strategy for Edmond Bruno will be beneficial in creating point of differences with that of their major competitors. In addition, the design of the proposed advertisement is being discussed along with their appeal and approach. This report recommended that customer oriented approach should be followed in having better 13Wang, J.S., Cheng, Y.F. and Chu, Y.L., 2013. Effect of celebrity endorsements on consumer purchase intentions: advertising effect and advertising appeal as mediators.Human Factors and Ergonomics in Manufacturing & Service Industries,23(5), pp.357-367.
11MARKETING COMMUNICATION alignment of their advertisements with that of the market trends and preference pattern. It is expected that effective implementation of the proposed advertisement in this report will help Edmond Bruno in having maximum reach in the market and among the targeted customer segments.
12MARKETING COMMUNICATION Reference Chen, S., Thomas, S. and Kohli, C., 2016. What Really Makes a Promotional Campaign Succeed on a Crowdfunding Platform?: Guilt, Utilitarian Products, Emotional Messaging, And Fewer But Meaningful Rewards Drive Donations.Journal of Advertising Research,56(1), pp.81-94. Danaher, P.J. and Dagger, T.S., 2013. Comparing the relative effectiveness of advertising channels: A case study of a multimedia blitz campaign.Journal of Marketing Research,50(4), pp.517-534. Erevelles,S.,Fukawa,N.andSwayne,L.,2016.BigDataconsumeranalyticsandthe transformation of marketing.Journal of Business Research,69(2), pp.897-904. Ginevičius, R., Podvezko, V. and Ginevičius, A., 2013. Quantitative evaluation of enterprise marketing activities.Journal of Business Economics and Management,14(1), pp.200-212. Huang, Y.T. and Rundle-Thiele, S., 2015. A holistic management tool for measuring internal marketing activities.Journal of Services Marketing,29(6/7), pp.571-584. Koch, O.F. and Benlian, A., 2015. Promotional tactics for online viral marketing campaigns: how scarcity and personalization affect seed stage referrals.Journal of Interactive Marketing,32, pp.37-52. Mintz, O. and Currim, I.S., 2013. What drives managerial use of marketing and financial metrics anddoesmetricuseaffectperformanceofmarketing-mixactivities?.Journalof Marketing,77(2), pp.17-40. Rothschild,A.R.andSlomkowski,R.S.M.,2013.Systemandmethodforaddingan advertisement to a personal communication. U.S. Patent 8,527,345.
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13MARKETING COMMUNICATION Thorpe, A. and Bowman, H., 2013. Promoting discovery: Creating an in-depth library marketing campaign.Journal of Library Administration,53(2-3), pp.100-121. Tiago, M.T.P.M.B. and Veríssimo, J.M.C., 2014. Digital marketing and social media: Why bother?.Business Horizons,57(6), pp.703-708. Wang, J.S., Cheng, Y.F. and Chu, Y.L., 2013. Effect of celebrity endorsements on consumer purchase intentions: advertising effect and advertising appeal as mediators.Human Factors and Ergonomics in Manufacturing & Service Industries,23(5), pp.357-367. Zhurkina, L.S., Ukhanova, J.A. and Nikishin, A.F., 2015. Promotional activities in trade and different ways to improve them.Austrian Journal of Humanities and Social Sciences, (5-6), pp.157-158. Ziliani,C.andIeva,M.,2015.Retailshoppermarketing:thefutureofpromotional flyers.International Journal of Retail & Distribution Management,43(6), pp.488-502.