Key Concepts Marketing Communications The means by which firms attempt to INFORM, PERSUADE, and REMIND consumers— directly or indirectly—about the products and brands they sell. Marketing Communications Mix Advertising Direct marketing Sales promotion Interactive Events and marketing Word-of-mouth marketing Personal selling experiences Public relations and publicity Integrating Marketing Communications to Build Brand Equity Elements in the Communication Process Response Hierarchy Model Developing Effective Communications Identify the target Establish the budget audience Determine the objectives Design the communications Select the channels Decide on the media mix Measure the results Manage integrated marketing communications Identify the Target Audience Potential buyers of the company’s products Current users Deciders Influencers Can be: Individuals Groups Particular publics General public Image analysis Profile the target audience in terms of brand knowledge. Determine the Communications Objectives Category need Brand awareness Brand attitude Brand purchase intention Design the Communications Message strategy Creative strategy Message source Creative Strategy Informational appeal Elaborates on attributes or benefits. Source Credibility Expertise Trustworthiness Likeability For Discussion Describe sources you think have credibility for endorsing each of the products below: Athletic shoes Computers Iced tea Jeans Multinational Concerns Is the product appropriate for a country? Is the targeted market segment legal and customary? Is the style of ad acceptable? Should ads be created at headquarters or locally? Select the Communications Channels Personal communications channels Nonpersonal communications channels Media Sales promotions Events and experiences Public relations Marketing Skills: Permission Marketing Calculate a customer’s worth over the duration of a typical relationship and decide on a budget for customer acquisition. Create messages to educate customers and get their permission. Always ask for a response to learn how customers react to communications and measure results. Establish the Total Marketing Communications Budget Affordable method Percentage-of-sales method Competitive-parity method Objective-and-task method Deciding on the Marketing Communications Mix Advertising Direct and Sales promotion interactive marketing Word-of-mouth marketing Personal selling Public relations and publicity Events and experiences Factors in Setting the Marketing Communications Mix Type of product market Consumer readiness to make a purchase Product life-cycle stage Market rank Cost Effectiveness of Three Different Communications Tools at Different Buyer-Readiness Stages Measuring Communication Results Does the target audience recognize or recall the message? How many times did they see it? What points do they recall? How do they feel about the message? What are their previous and current attitudes toward the product and company? Marketer should also collect behavioral measures and audience response. Example of Multiple Vehicle, Multiple-stage Communication Campaign