Media Plan for Advertising a Toy for Children: Desklib
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This media plan is designed to advertise and market a toy for children of the age of 6 and 15. It includes information on target audiences, action required, schedule, media requirements, vehicles, rationale, creative requirements, media merchandising requirements, legal and voluntary constraints, and methods of testing media vehicles.
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Running head: MEDIA PLAN Media Plan Name of the Student: Name of the University: Author Note:
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1MEDIA PLAN Table of Contents Media Plan...................................................................................................................................................2 Information of target audiences..................................................................................................................2 Action required............................................................................................................................................2 Schedule to show stages and dates for each stage of the advertising.........................................................3 Media requirements, vehicles and rationale...............................................................................................3 Media Requirements...................................................................................................................................4 Media vehicles.............................................................................................................................................4 The Rationale...............................................................................................................................................4 Suggestions relating to new or alternative media vehicles..........................................................................5 Reach and frequency requirements of advertising media selected.............................................................5 Creative requirements ofadvertisingmessage and media implications.....................................................5 Media merchandising requirements...........................................................................................................6 The Legal and voluntary constraints............................................................................................................6 Methods of testing media vehicles..............................................................................................................6
2MEDIA PLAN Media Plan The media plan that is to be considered to advertise and market the product which in this case is a toy for children of the age of 6 and 15 is presented in the subsequent parts under the following headings: Information of target audiences Segmentation and profiling of the target customers will include testing and understanding the choices and preferences that will attract the children and their parents at the same. To attract the attention of the children in the first pace, the advertisement should be made as colorful and attractive as possible. The demographics of the children and their parents should be looked at and considered which include the age of the children, the exposure of the children to the different advertising mediums and the income levels of the parents, that is under which income cohort the family falls. The psychographics study with respect to the child psychology is also important for obtaining sufficient information on the target clients. Action required The actions required or the objectives of this media plan are enlisted as follows: ï‚·Defining proper market strategies in such a way that the product appeals to both middle and high income families and their children and children from the age of six to fifteen ï‚·Setting up teams to evaluate the responses of the audience and implying alternatives if needed
3MEDIA PLAN ï‚·Making sure that the amount of sales generation by the end of the year is sufficient to at least cater to the costs accounted for. Schedule to show stages and dates for each stage of the advertising As the launch of the product is at a time of the year, when Christmas celebrations are on so the marketing and advertising attempts and events should start essentially from the month of November. As the turnover is expected to be high as it can be used as a Christmas gift for the children, so the scheduling will involve a long duration. Particulars of EventsDuration Advertising in different channelsFrom November 15thto December 20th AdvertisingthroughNewspapersandsocial media From November 15thNovember to December 31st Promotional events and campaignsFrom 20thDecember to 25thDecember Advertising through blogsFromthe1stofNovembertothe15thof November The advertisement scheduling will involve the method of continuous scheduling and advertising and will encompass the concept of micro-scheduling. Media requirements, vehicles and rationale The media requirements, vehicles and rationale will depend on the particulars of the business and competition facing the firm that they have provided and the budget that they have proposed.
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4MEDIA PLAN Media Requirements The media requirements should essentially contain the particulars of cost and benefits of the different alternatives and the amount that the execution of the different events will include. It should contain an advertising statement, the details of the web design or graphics involved with all the modes of advertisement. The particulars of the permits and the rights or the authorities integral to the advertising agency should also be prescribed and clearly stated. A range of other factors like the total coverage and expected benefits should also be estimated and stated by the advertising agency. Media vehicles The different types of media vehicles that are to be used for reaching the target audience are enlisted as follows: ï‚·Social and Digital media ï‚·Television channels ï‚·Newspapers ï‚·Blogs ï‚·Promotional events and campaigns The Rationale The chief rationale that will be used behind the advertising and marketing of this product include making the price of the product such that it can be afforded by both the parents of middle and high income families and can easily be sued as a gift for the children during Christmas and even up to New Year (Esteves & Resende, 2016). The next rationale that is to be used while
5MEDIA PLAN advertising the product is the use of vehicles in an interactive way to involve the children with the toy so that they are able to relate themselves to the essential features of the toy. Suggestions relating to new or alternative media vehicles The one media vehicle that can be suggested to be used in this case which is new and an alternative to all the vehicles mentioned above could be the use of virus marketing where some of the most influential family’s children are distributed these toys and they are then used as a medium to reach greater mass of target audience. Reach and frequency requirements of advertising media selected The reach of the product and in turn the advertising agency will include the families where the income distribution is fairly high or moderate and the frequency of the advertisement will be rigorous and high as it should essentially be at a rate of twice per week in case of the television channels, five times in the period scheduled for advertisements through blogs, once every day through social media and digital media and two promotional events and campaigns (Zhou et al. 2017). Creative requirements ofadvertisingmessage and media implications The message and the graphics of the advertisement should be designed and framed in such a way that it captures the mind and attention of children. In fact, the campaigns and promotional events should include free trial of the usage of the toys or merchandise give-away. The newspaper and digitaladvertisementsshouldbeinteractiveaswellandallthesealternativesshouldbe developed in a way that all these help the child as well as the families to psychologically relate
6MEDIA PLAN (Percy & Elliott, 2016). It is also important to make sure that the parents feel comfortable in providing a toy that is technologically too advanced and high priced because that makes the toy prone to irreplaceable damage. The media implications of these creative requirements will make sure that the sales generated are high and hence take care of the revenue generations that will exceed the total cost of production and advertising. Media merchandising requirements As mentioned before the promotional events and campaigning should include the distribution of merchandise that should be of exclusive and limited edition in order to gather more attention around the promotion and advertising (Stafford & Faber, 2015). The merchandising should be done with respect to the demand and the cost estimates. Enough goods should be produced so as to cater to the expected demand and the quality should be of a level that caters to the low cost requirements of the firm or is taken care of by the sponsors. The Legal and voluntary constraints The legal and voluntary constraints that apply in this case include the permits related to promotion magnitude or length, spam, signage, supply constraints, direct marketing and safety of consumer data (Malmelin & Virta, 2016). Methods of testing media vehicles The two major methods of testing media vehicles and alternatives will majorly involve the methods of split viewing, inquiry testing and scanner data (Joseph, 2014).
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7MEDIA PLAN References: Stafford, M. R., & Faber, R. J. (2015).Advertising, promotion, and new media. Routledge. Malmelin, N., & Virta, S. (2016). Managing creativity in change: Motivations and constraints of creative work in a media organisation.Journalism Practice,10(8), 1041-1054. Joseph, T. C. (2014).U.S. Patent No. 8,700,255. Washington, DC: U.S. Patent and Trademark Office. Percy, L., & Elliott, R. H. (2016).Strategic advertising management. Oxford University Press. Zhou, L., Predovic, G., Popa, O., Tankasali, V. M. R., & Xu, L. (2017).U.S. Patent Application No. 15/007,125. Esteves,R.B.,&Resende,J.(2016).Competitivetargetedadvertisingwithprice discrimination.Marketing Science,35(4), 576-587.