THE MARKETING COMMUNICATIONS MIX Dr. Pham Thi Hoa Email: hoa.phamthi@isb.edu.vn 1 What is the marketing communication mix? • The marketing communication mix refers to a set of tools used to promote services or products to a target set of customers. • The key is in the name – communication, meaning a list of important principles and factors that go into the act of promoting those products and services. 2 • • • • • • • • • • • • • The twelve factors commonly associated with the marke5ng communica5on mix: Selling (personal selling) Adver2sing Sales promo2on Direct marke2ng Publicity and public rela2ons Sponsorship Exhibi2ons Packaging Point-of-sale merchandising Word of mouth Internet/Social Media Marke2ng Corporate Iden2ty/image 3 • Sponsorship • Sponsorship refers to supporting an event, person, or activity financially or through some other means, such as products. Ex: sports games, political campaigns, community events, fairs, festivals, and volunteer functions. 4 • Packaging • Packaging refers to the enclosing and containment of goods within a box, or other material for display and sale. • Ex: Creating a QR code for your packaging that connects to your website, resource pages or social media could be an effective touchpoint for customer engagement and improved customer success. 5 • Point-of-sale merchandising • Point-of-sale merchandise is exactly as it sounds like: merchandise that sits where the sale is taking place. • Ex: For most stores, customers may see quite a bit of merchandise sitting next to the register where customers are checking out and paying for their goods. The idea here is that they will pick up the item at the last minute in an impulse and purchase the item. Customers see this a lot with magazines, candy and gum products, and various other small sized items. 6 • Word of mouth • Some ways to launch word-of-mouth marketing campaign: • Set up word-of-mouth triggers: Triggers are memorable experiences or feelings that make people want to talk about the company business. 7 • Ex: Take it from luxury hotel chain Ritz-Carlton, which often make headlines for its reputation for going the extra mile for its guests. When a young guest at a Ritz-Carlton in Florida lost his beloved stuffed giraffe, Joshie, hotel employees not only mailed the giraffe back but they sent pictures of Joshie lounging by the pool, getting a massage at the spa and driving a golf cart to reassure the little boy that his beloved stuffed animal had been well cared for in his absence. The giraffe even received a Ritz-Carlton ID badge and was made an honorary member of the Loss Prevention team. The RitzCarlton viral marketing example shows that WOM triggers needn’t be expensive or extravagant. Simply demonstrating empathy and creativity can go a long way. 8 • Use visual triggers: Create remarkable visual experiences so customers will want to take photos and share them. • Ex:‘Instagrammable’ restaurants have one thing in common — they provide an aesthetically pleasing environment that makes people want to share their dining experience on social media. 9 10 11 12 • Emo8onal provoca8on • Tapping into people’s emoJons can be an immensely powerful way to generate shares. • Ex: In 2019, Dove launched the #ShowUs campaign partnering with women and non-binary individuals to create a collecJon of 10,000+ stock images that offer a more inclusive vision of beauty for all media and adverJsers to use. By enabling people to feel seen, regardless of race, body type or gender, Dove expertly tapped into people’s emoJons by making them feel like they were a part of something bigger than themselves. 13 14 15 16 • Push ra8ngs and reviews hard. • Customer reviews are the modern WOM markeJng. Set up feedback channels to collect tesJmonials — Facebook, Yelp reviews, Trustreview.vn • Collect and prominently display honest reviews of your business in as many places as possible — review websites, social media posts, online marketplaces and your own website. • Consumers read an average of seven reviews before trusJng a business and 85% of consumers trust online reviews as much as personal recommendaJons. 17 • Create an official referral program • By providing customers with incentives to talk about the brand, the company can increase the likelihood of WOM. • Rewards can be anything from: • • • • Discount off first-time purchase A gift card or coupon Cash payments or cashback Free gifts 18 • Exhibitions • Every industry has an annual or bi-annual trade show convention where the organization rents out space to vendors in the industry who in turn showcase their latest products or services and take the opportunity to meet current and potential customers. • Typically the local Chamber of Commerce holds an annual exhibition or two where local businesses can attend. There may be other, local, professional organizations which hold exhibitions annually in local community. 19 20 • Brand idenJty & image • Your brand idenJty or corporate image refers to your company’s visual appeal. From the company logo to the colors used in the logo and markeJng collateral, all communicate the company idenJty. • Customers tend to see the businesses with a consistent image to be more serious and organized over their counterparts who tend to be eclecJc in their markeJng collateral design. 21 Why Is Integrated Marketing Communications Important? 1. 2. 3. 4. 5. 6. Consistency builds trust The unified front: avoiding mixed signals Efficiency: optimized resource utilization Deepening customer relationships Navigating the digital landscape Leveraging multiple channels 22 Brand experience-based Marketing communication mix • Crea%ng brand experiences that engage directly with current and poten%al customers, also known as experien%al marke%ng, is a growth area. • Smith and Hanover (2016) suggest there are seven main factors that help to account for the increasing popularity of the use of experien%al marke%ng: 1.‘It Carries the Strength of Many’: experien9al campaigns can choose the best aspects of each tool and media for more effec9ve integrated campaigns. 2.‘It’s Unstoppable’: face-to-face experiences are difficult for consumers to block, unlike other forms of communica9ons, which consumers are increasingly avoiding. 23 3. ‘It’s the First Singular Converter’: marketers are increasingly moving away from the view that marke9ng channels have dis9nct roles and mul9-silo marke9ng campaigns. 4. ‘It’s an Accelerant’: experien9al campaigns can move consumers faster through the purchase funnel, leading them to a purchase decision more quickly than other forms of marke9ng. 5. ‘It Drives Life9me Value’: experien9al marke9ng creates an immediate connec9on with consumers and builds rela9onships. 6. ‘It’s an Engagement Mul9plier’: consumers become more engaged in experien9al campaigns and this increases brand affinity. They are also more likely to share their experience. 7. ‘It’s the Marke9ng Mix’s Charger’: experien9alled campaigns improve effec9veness in other areas of the marke9ng mix. 24 Ex: Lucozade Sport Condi1ons Zone on page 600 25