This document discusses the principles of advertising, including the range of advertising objectives, recommendation of the right mix of media campaign, and Roy Morgan value segments. It provides insights on how to effectively reach your target audience and build your brand.
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Principles of Advertising Introduction Advertisement is the best way to make the customer be aware of the product and brands available in the market. Advertisement target all type of people’s age, the mode of advertising help to get the targeted customers(Hiebing and Cooper, 2003). Advertisers uses various media type techniques and methods. 1.Range of advertisingobjectives Chobani originally had a market of the natural yoghurt and now improving the product. The advertising objective suitable for Chobani is; Introducing a product to the existing market, the aim is to let the consumers know the new products and their advantages. Awareness of creation- this aims in attracting people’s attention to know the existence of a product in the market. To build a brand- advertiser make the advert and ensure that the product is quality this helps to add value to the brand and increase the sales. The Essendon football club which has been losing members since 2013, an advertising campaign is needed to; Create desire- this aims at making the members want to stay in the club even though the club is losing. Call to action- with the mode of advertisement it makes the club change their action and work to win. The Salvo offers good quality items at a reasonable price around Australia. The appropriate objective for this company is; To increase sales- the main aim is to increase buyers to the products. Positioning the product- it target at convincing people that product is good quality and price is reasonable 2.Recommendation of the right mix of media campaign Media planning is a design to make the maximum sales from all the marketing investment the company makes. Media planning, one should consider several factors like, target customers and the set budget. Media planning for 6 months the advertisement should reach the large number of people in the set time. The frequency of the advertisement matters a lot since the
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more frequent the advertisement the more likely to get buyers(Hollensen, 2010). Cost of advertisement should also be considered. Successful media advertisement determining the well the media outlet get to the targeted audience, this will determine if to change the strategy or continue with the advert. Also the impact of the campaign, the biggest impact will make many customers to make decision to purchase(Ingram et al., 2015). Advantages of media planning Market and competitive research- media planning involves a lot of research like marketing research and competitive research which important information about other industries, products and their services. This help in coming up with various strategies, budget and bidding to ensure the campaign is well strategies and better than for other companies(Cravens and Piercy, 2006). Changing trends- a good media planning helps the company always to remain on top of its advertisement and overcome any negative change in market trends. Save resources- it saves the companies resources by having a media planner than hiring many marketing employees. Disadvantages of media planning Misleading claims about the product- the aim of advertisement is to catch many sales as possible, they mostly create a misleading information about the product to impress buyers (Aithal, 2016). Encourage monopoly- big industries concentrate on advertisement making it hard for the small companies to grow thus encouraging monopoly(Spurgeon et al., 2012). 3.Roy Morgan Value Segments Help the advertisers to understand the consumer and also give idea how to make such adverts. Segments describes the type of people in the society, this include; Essential needs- one is contented with whatever they have, with comfortable life and always stay healthy. Adequate deal- this group of people want to have good security, make the work easier and live a life free of stress. Traditional family life- ensures that there is respect, trust and care among their family and be comfortable. Standard family life-shares love and affection to their family members, fulfill all the household needs and protect their kids and also help them be successful
Look at me- they enjoy life as much as they can avoiding any kind of responsibility, their aim is to be popular and like the opposite gender. Ego driven- they are driven by how to be rich, want to be famous and earn respect. Real economist- concern with investment, where to get good returns. Young optimistic- want to be up to date with everything going on in their world. Real achievements- they strive to be powerful, get praises and attention Socially enlightened- they are determine to get better education, to know the latest technology and enjoy their lives. Using this segments by Roy Morgan market planner easily determines the type of consumers to target. Conclusion Advertising objectives helps in determining the kind of consumer the advert should reach and also the frequency of the advert. Market planning also is a crucial process it help the business grow and build the product brand.
References Aithal, P. S. 2016. Study On Abcd Analysis Technique For Business Models, Business Strategies, Operating Concepts & Business Systems.International Journal In Management And Social Science,4. Cravens, D. W. & Piercy, N. 2006.Strategic Marketing, Mcgraw-Hill New York. Hiebing, R. G. & Cooper, S. W. 2003.The Successful Marketing Plan: A Disciplined And Comprehensive Approach, Mcgraw-Hill. Hollensen, S. 2010.Marketing Management: A Relationship Approach, Pearson Education. Ingram, T. N., Laforge, R. W., Williams, M. R. & Schwepker Jr, C. H. 2015.Sales Management: Analysis And Decision Making, Routledge. Spurgeon, C., Ferrier, L., Gunders, L. & Graham, P. 2012. Young Citizens, Values And New/S Media. Continuum,26,911-922.