THE MARKETING COMMUNICATIONS MIX TOPICS COVERED • Introduction to Marketing Communications • Core Concepts of the Marketing Communications Mix 2 • Definition • Role of IMC & the process of developing an IMC Strategy BRIEF OVERVIEW OF THE MARKETING COMMUNICATIONS MIX • Marketing communications involves all the messages and media you deploy to communicate with the market. • It encompasses advertising, direct marketing, branding, packaging, your online presence, printed materials, PR activities, sales presentations, sponsorships, trade show appearances, and more. 3 IMPORTANCE OF A COHESIVE COMMUNICATIONS STRATEGY A cohesive strategy ensures all marketing communications are consistent and aligned with the brand's message, enhancing the overall impact. 4 Cohesion helps in building a strong brand identity, creating a seamless experience for the consumer, and maximizing the effectiveness of each marketing activity. THE CORE CONCEPTS OF THE MARKETING COMMUNICATIONS MIX 5 ADVERTISING • Advertising is defined as any paid form of non-personal presentation and promotion of ideas, goods, or services by an identified sponsor. • The objectives can be classified into informative, persuasive, and reminder advertising. • Informative Advertising: Used primarily during the introduction of a new product category to build primary demand. • Persuasive Advertising: Gains importance as competition increases, aiming to build selective demand for a brand. • Reminder Advertising: Maintains customer relationships and keeps the product in the minds of consumers, important for mature products. SALES PROMOTION • Short-term incentives to encourage the purchase or sale of a product or service. • Coupons Offering discounts on products or services. • Discounts Direct price reductions to encourage immediate purchase. • Free Samples Providing samples of a product for free to introduce new customers to the product. • Loyalty Programs Rewarding regular customers for their continuous business. • Contests and Sweepstakes Engaging activities with rewards that encourage customer participation and engagement. 7 PERSONAL SELLING • Direct interaction between a sales representative and a potential buyer to influence the buyer's purchase decision. 8 PUBLIC RELATIONS (PR) • Building good relations with the company's publics (including customers, employees, investors, and the broader community) by obtaining favorable publicity, building a good corporate image, and handling unfavorable rumors, stories, and events. 9 PUBLIC RELATIONS - EVENTS • Event marketing involves promoting a brand, product, or service through in-person or virtual events. • This type of marketing is crucial because it allows for direct engagement with the audience, offering a unique experience that can enhance brand perception and loyalty. 10 DIRECT MARKETING • Direct marketing involves marketing efforts that communicate directly to the customer through various channels, including mail, email, social media, and texting, without the use of intermediaries. • It's used to deliver personalized messages to a targeted audience, encouraging immediate action, such as making a purchase or signing up for a newsletter. 11 Key Characteristics • Targeted Direct marketing campaigns are highly targeted, using customer data and analytics to tailor messages to specific segments of the market. • Measurable The success of direct marketing campaigns can be directly measured by tracking responses, conversions, and sales. • Personalized Direct marketing often involves personalizing communications to increase relevance and effectiveness, thereby enhancing customer engagement. THE ROLE OF INTEGRATED MARKETING COMMUNICATIONS IN CREATING A UNIFIED & CONSISTENT MESSAGE ACROSS CHANNELS Linking All Messages Together: IMC makes sure that every way a company communicates with people is connected and consistent. Integrating Promotional Tools: At its core, IMC means combining all marketing efforts so they support each other. Consistency of Message and Media Use: The goal of IMC is to keep the brand's message the same no matter where people see it. 13 THE PROCESS OF DEVELOPING AN INTEGRATED MARKETING COMMUNICATIONS STRATEGY 14 THE 6 STAGES IDENTIFYING THE TARGET AUDIENCE Understand who the communication is aimed at, considering demographics, psychographics, and behavior. 15 SETTING COMMUNICATION OBJECTIVES Decide what the communication should achieve, such as increasing awareness, generating interest, or prompting a purchase. DESIGNING THE MESSAGE SELECTING CHANNELS ESTABLISHING THE BUDGET MEASURING RESULTS Create a compelling message that resonates with the target audience and conveys the intended objectives. Choose the most effective channels to deliver the message, such as social media, television, radio, print, or digital platforms. Allocate resources efficiently to ensure the strategy can be executed without overspending. Evaluate the effectiveness of the communication strategy through metrics like engagement rates, sales figures, or brand awareness surveys to refine future strategies. END.