Integrated Marketing Communication (IMC) Template IMC situation analysis Summarise issues arising from the marketing plan that will directly impact on the communications strategy. Company analysis !" !" !" !" Company mission. Corporate goals. Issues related to an overriding corporate brand (if one exists). Budget for the IMC. Product analysis !" !" A summary of key product offerings and product life cycle issues. Existing brand themes, messages and appeals. Audience analysis !" !" !" !" !" !" !" !" !" How closely do they align with the target markets? Are they the same people, or is there variance? What do they currently know about you? What media do they currently access most often? What is their degree of resistance to you? Are you trying to influence a negative attitude an audience has toward you? Audience research – market research in the form of focus groups and surveys that can help to define and then segment markets in to audiences that can be matched to various media. Personality archetypes (also called marketing personas and/or marketing avatars): are created in order to supposedly clarify the specific behaviours, personality profiles, purchasing and media consumption habits of selected a typical customer and/or audience member. The process is said to be useful in developing campaign themes and appeals and planning which media (both paid and free/viral) the persona/archetype/ avatar will engage with. Many marketing experts imply that if we create a “pretend” typical customer (or archetype/avatar) and hypothetically profile their consumption patterns we can predict and thus influence their future behaviour. Yet this relatively new method of consumer profiling is dependent on quality research. Forester Research states: “To get the most value out of persona projects, customer experience professionals should work with agencies to perform cost-effective ethnographic research… and provide insights into multichannel behaviors”1 Copyright 2011 Music Business Eduction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opyright 2011 Music Business Eduction 3 !" A word of warning - if you plan to create personas of typical customers – those personas must relate to the real marketplace. Your carefully crafted persona/archetype/ avatar is near useless unless “he/she” can be recognised (via market research) to exist in the real world and have a reasonable propensity to both spend, and to choose your brand over competing offers. Competitor campaigns !" Include an analysis of your competitor’s communication objectives, target audiences, creative concepts and messages, media selection and promotional tactics. Communication objectives Typical marketing objectives include sales targets, market share (%) and return on investment (ROI) whcih are not necessarily relevant to setting communication objectives. IMC plans although typically derived from a marketing plan do not necessarily have “hard” metrics. In other words, an IMC will often have objectives that are difficult measure: !" !" !" Awareness – to create or change levels of awareness in the target audience. Preference – to influence audience preferences for products and services. To stimulate sales – there are occasions where communication objectives may be constructed to stimulate sales. Communications strategy Campaign impact and duration !" !" !" Is the overall marketing strategy to penetrate the market rapidly? Or, will you try to build awareness and market share over a longer period of time? How long will the campaign last and what is the timing of each element? Creative strategy !" Develop an overall theme, appeal and message concept. Integration strategies This new IMC model is based on the rationale that web and new media it seems have been elevated the role of “quarterback” role in marketing communications. Web and new media are biased neither to advertising (paid for) nor publicity (free). All forms of marketing communications are present on the web and the dyad (and battle) between television advertising and web advertising is no longer relevant. The convergence of all media into “web-like” forms suggests Copyright 2011 Music Business Eduction 4 that the web is actually media neutral resulting in kind of level playing field that further heightens the need for an orchestrated, integrated dance. Some key things to look for include: !" !" !" !" !" !" !" !" !" Ensure that brand personality is embedded in all media. Tangible links between mix elements. There should be no isolated promotional items – avoid random ill redirected or ill-timed collateral. All media should be linked, each one dependent on another. Think new touchpoints, or moments in the day when your target audience experiences or accesses their preferred media. This is partly the reason for persona/avatar development as mentioned previously. If you can determine the how (on a daily basis) the typical audience member interacts with various media by creating an avatar and then confirming via research – then you have a good chance of determining touchpoints. Think existing touchpoints – where existing clients/customers already interact with you brand, marketing communications and customer facing units such as service personnel. These existing interactions can and should be incorporated into new planning a new IMC campaign. Don’t talk at them – make your messages experiential. Keep a consistent ‘look and feel’ across all design elements. Leverage of cross-promotional tie-ins. Consider the authentic customer relationship management. As much as any organisation can “befriend” customers, and IMC plan should seek to create or enhance genuine relationships. Promotional budget !" !" !" Allocate budget for each promotional mix element. The proportion of the budget allocated to any one promotional element should reflect how accurately it reaches and impacts the target audience, relative to the other mix elements. Consider using the objective-task method, where appropriate budget is allocated to each promotion al element in order to achieve the stated goal of that element. This is most often a “ideal” scenario so perhaps get used to senior management never giving you enough cash to meet a given goal. In other words, “more with less” is normative. Copyright 2011 Music Business Eduction 5 The promotional mix Web & Interactive Media - the IMC “quarterback” Historically the corporate website has tended to defy classification in marketing taxonomies such as this very template. Is a web a direct marketing device? Is it for public relations? What about sales? Is it an advertising medium? The answer of course... it’s all those things, but is a promotional element in itself? We think not... it is very much more than that. The “newness” of the medium and the fact that the web traverses all of the classic promotional elements point to its central and media neutral role as the centre of the contemporary IMC planning. Advertising Public Relations & Publicity Direct Marketing Sales Promotion Web & Interactive Sales Force Management Sponsorship & Events Packaging Viral & Experiential Marketing Copyright 2011 Music Business Eduction 6 Advertising Advertising objectives Appeals and executions Cost estimates Media plan New media advertising Traditional advertising !" !" !" !" !" Newsprint Print Magazines Outdoor advertising Radio advertising Television: free-to-air and cable / pay TV + !" Pay per click advertising, or clickable paid for adverts in the form of text, images or animations with websites; Google Adwords,Facebook adverts,Youtube, MySpace Public relations (PR) & publicity strategy PR objectives Tactics and executions Cost estimates Traditional PR !" Press release distribution to print journalists !" Hardcopy press kits delivered to print journalists !" Media events !" Corporate events !" Press calls !" Publicity stunts + New media PR !" Press release distribution to online journalists and bloggers. !" Digital press kits (EPKs) distributed to online journalists and bloggers. !" Quasi adverts that “go viral” via Youtube, Facebook etc. Direct marketing (DM) strategy DM objectives Tactics and executions Cost estimates Copyright 2011 Music Business Eduction New media DM Traditional DM !" Solicited and unsolicited direct print mail !" Target lists !" Printed collateral sent via post to target list 7 + !" Solicited and unsolicited direct email campaigns !" Solicited and unsolicited direct SMS campaigns Sales promotion strategy Sales promotion objectives Traditional sales promo Tactics and executions !" In-store sampling Cost estimates !" !" !" !" Competitions Price coupons Discounts Loss-leading – where CDs are priced at discount to attract customers. A common tactic used by electrical goods retailers New media sales promo + !" Online competitions !" SMS sales promotion !" SMS competitions !" Freemium MP3 model – where albums and are songs are given away (as digital downloads) to encourage fans to attend gigs or buy other merchandise that has greater gross profit margin Sales force strategy Sales targets Sales management tactics Lead management cycle Employment costs Sales commissions OTE (on target earnings) New media sales force Traditional sales force !" Sales !" Win-win (as a tactic) + !" !" !" !" !" Business development Solution selling Problem solving Win-win (as a strategy) Cloud computing sales lead management – such as SalesForce.com Sponsorship and events Sponsorship objectives Complimentary brands Cost-benefit analysis Copyright 2011 Music Business Eduction New media sponsorship Traditional sponsorship !" Typical naming rights arrangements !" Signage !" Event participation !" Share media exposure !" Shared exposure on printed collateral 8 + !" Integration with the website and social media pages !" Interaction with SMS messaging at events typically linked to competitions, sales promotion and experiential marketing events Packaging As a brand carrier Product information Packaging as the brand New media packaging Traditional packaging !" Nothing but the best materials and production values, regardless of environmental impacts !" Excessive (over packaging) + !" Integrating RFID (radio frequency identifcation) for: !" - inventory control !" - sales promotion via with bardcode recogniotion by mobile phones. !" - auto-resupply via online shopping !" Size standardisation for greatere global shipping efficiencies !" Prepackaged individual meals menas more packaging waste !" Minimalist packaging !" Carbon footprint issues !" Soy and other natural inks !" Fibre alternatives to plastic packaging !" Recycled materials Viral – Experiential Marketing As a brand carrier? Surrepricious or not? !" !" !" !" !" Copyright 2011 Music Business Eduction New media viral Traditional viral + Stunts Events Street crew Street promotion Online viral ads 9 !" Global positioning (GPS) technology and locationbased social networking. These major proponents of this technology trend are Foursqaure, Gowalla and Google Latitude. An intersection of social networking, actual physical interaction away from the PC and mobile computing or mobile communications. Think of viral marketing with a twist if GPS! Implementation Project timeline !" !" !" !" !" !" !" Calendar of events. Critical path or Gantt charting techniques. Listed in priority order are all the tasks, elements and promotional executions set out in the communications strategy and promotional mix. Implementation. Control mechanisms. Once the campaign has been initiated it must be closely monitored. Part of this procedure is the use of metrics (measurement tools). Measuring campaign effectiveness (Metrics) !" !" !" !" !" Integral to the IMC concept is measurability. IMC presents an opportunity for marketers to embrace accountability. Assess the cost-benefit of promotional campaigns. Use a media monitoring service to collect and collate mentions in the media. Use online reporting tools and social media metrics to measure effectiveness of online publicity. Examples include DIGG, Stumbleupon, Facebook page metrics. Endnotes 1. http://www.forrester.com/rb/Research/persona_best_practices_of_interactive_agencies/q/ id/53246/t/2 Copyright 2011 Music Business Eduction 10 About the authors Mark Beard Mark has a background in music, arts and entertainment marketing, business-to-business marketing-communications and higher education. He has worked closely with both start-ups and established businesses helping to refine and execute a wide range both traditional and new media marketing communications. He has taught music business, management and marketing at a number of educational institutes including The Australian Institute of Music, APM Training Institute and JMC Academy in Sydney and Brisbane. Mark is the Director of Kreshendo Communications, an arts and entertainment marketing consultancy. Mark is also a musician and performer with over 15 years’ experience. Mark holds a Bachelor of Business (Marketing & Tourism) from Charles Sturt University, a Master of Marketing from The University of New South Wales and a Professional Guitar Player Certificate from the Musicians Institute, USA. Connect with Mark on Linkedin - http://au.linkedin.com/in/markjbeard Ben O’Hara Ben O’Hara has taught music industry business at a number of institutions across Australia including the Sydney Institute of TAFE Ultimo, EORA College, and JMC Academy in Sydney and Melbourne. He is currently the senior educator in Music Business at Box Hill Institute in Melbourne. Ben has a broad range of experience in the music industry, having worked in music publishing and licensing as well as event and artist management. He has also been a performer for over 15 years, and runs his own booking agency, Flower Pot Entertainment Productions, specialising in children’s and family entertainment. Ben holds a Bachelor Arts in contemporary music (Honors) from Southern Cross University and a Masters of Business in Arts and Cultural Management from The University of South Australia. About TheBiz Thebiz.com.au is designed to be a “go to” resource for music, entertainment and art managers, educators and students. Originally designed to support educators using the Music Business Educational Supplements the site has since expanded to include a variety of new features including new text books, a regular industry news source and in-depth research papers produced by the site principals, Mark Beard and Ben O’Hara. Copyright 2011 Music Business Eduction 11