Advertising and Sales Promotion Chapter ©2013 Cengage Learning. All Rights Reserved. 10 CHAPTER 10 Advertising and Sales Promotion Management of Effective Advertising 10.1 The Advertising Plan 10.2 Creation of the Advertisement 10.3 Analysis and Evaluation of Advertising Messages ©2013 Cengage Learning. All Rights Reserved. 2 CHAPTER 10 Advertising and Sales Promotion 10.1 The Advertising Plan Goals Identify the steps in creating an advertising plan. Recognize the various types of analyses that should be performed when creating an advertising plan. Terms advertising plan situational analysis SWOT analysis creative strategy return on investment (ROI), ©2013 Cengage Learning. All Rights Reserved. 3 CHAPTER 10 Advertising and Sales Promotion What Is the Advertising Plan? Perform a situational analysis Set advertising objectives Determine the budget Develop the creative strategy Execute the plan Evaluate the plan ©2013 Cengage Learning. All Rights Reserved. 4 CHAPTER 10 Advertising and Sales Promotion Advertising Plan Analyses Industry analysis Market analysis Competitor analysis Global analysis ©2013 Cengage Learning. All Rights Reserved. 5 CHAPTER 10 Advertising and Sales Promotion Industry Analysis What is the estimated size of the industry (in total sales or number of products/services sold)? What is the expected outlook of the industry? (Is it on the rise or decline?) What are the sales trends in the industry over recent years? What are the product/service trends in the industry? Who are the leading businesses (top brands) in the industry? What types of marketing strategies are commonly used in this industry? Is the industry sensitive to economic conditions? ©2013 Cengage Learning. All Rights Reserved. 6 CHAPTER 10 Advertising and Sales Promotion Market Analysis Who is the target customer? What is the size of the overall target market? What features and benefits are most important to the target customer? What would motivate the target customer to buy our company’s product or service instead of the competitors’? What is the best way to reach the target customer? How is the market changing? ©2013 Cengage Learning. All Rights Reserved. 7 CHAPTER 10 Advertising and Sales Promotion Competitor Analysis Who are the competitors? What threats do they pose? What are the strengths and weaknesses of the competitors? What marketing strategies do the competitors use and how successful are those strategies? How are the competitors likely to respond to changes in our marketing strategies? ©2013 Cengage Learning. All Rights Reserved. 8 CHAPTER 10 Advertising and Sales Promotion Global Analysis Standardize for greater efficiency Customize to appeal to local tastes ©2013 Cengage Learning. All Rights Reserved. 9 CHAPTER 10 Advertising and Sales Promotion 10.2 Creation of the Advertisement Goals Describe different advertising creative formats. Identify processes involved in the copywriting, art, and production stages of advertising. Terms image advertising comparison advertising copywriting slogan illustration storyboard layout ©2013 Cengage Learning. All Rights Reserved. 10 CHAPTER 10 Advertising and Sales Promotion Select a Creative Format Slice-of-life advertising Lifestyle advertising Testimonial advertising Humorous advertising Image advertising Scientific advertising Product demonstration advertising Musical advertising Comparison advertising ©2013 Cengage Learning. All Rights Reserved. 11 CHAPTER 10 Advertising and Sales Promotion Determine Copywriting, Art, and Production Strategies Copywriting and art directing Print advertising Radio advertising Television advertising Digital advertising The production process ©2013 Cengage Learning. All Rights Reserved. 12 CHAPTER 10 Advertising and Sales Promotion 10.3 Analysis and Evaluation of Advertising Messages Goals Describe various methods used to evaluate advertising effectiveness. Identify simple approaches to use in determining advertising effectiveness. Terms recognition test recall test attitude study resonance test ©2013 Cengage Learning. All Rights Reserved. 13 CHAPTER 10 Advertising and Sales Promotion Evaluate Advertising Effectiveness Recognition and recall measures Attitude measures Emotional measures Behavioral measures ©2013 Cengage Learning. All Rights Reserved. 14 CHAPTER 10 Advertising and Sales Promotion Other Strategies to Determine Advertising Effectiveness Track retail traffic Use a website stat counter to determine the number of visitors to the company’s website Ask people how they found out about the company Discontinue advertisements and measure any changes in business Use different telephone numbers Use direct-response advertisements ©2013 Cengage Learning. All Rights Reserved. 15