Marketing Essentials Advertising UNIT 6.1 Advertising Media Chapter 19 n Advertising UNIT 6.1 Advertising Media What you’ll learn The concept & purpose of advertising Types of advertising media Why it’s Important Since advertising is an important element of promotion, you will need to know about the different ways a business can use advertising media to promote its image and products. Chapter 19 n Advertising 2 UNIT 6.1 Advertising Media Advertising & its Purpose Advertising: any paid form of non-personal promotion of products (goods, services or ideas) by an identified sponsor. Advertising is either promotional or institutional. •Promotional advertising – designed to increase sales. It introduces new products & businesses & encourages an interest in GSI •Institutional advertising – attempts to create a favorable impression & goodwill for a business or organization Chapter 19 n Advertising 3 UNIT 6.1 Advertising Media Advertising Drawbacks While there are advantages to advertising, it does have its drawbacks. Advertising can: Fail to focus on individual needs. Be expensive Be wasteful when it is seen by people who are not are not potential customers Lack depth Slide 2 of 3 Chapter 19 n Advertising 4 UNIT 6.1 Types of Media Advertising Media Media are the agencies, means, or instruments used to convey advertising messages to the public. The FOUR general categories of advertising media are: •Print •Broadcast •Specialty •Internet Slide 3 of 3 Chapter 19 n Advertising 5 UNIT 6.1 Advertising Media Media Advertising Expenditures Advertising is a Multi-Billion dollar business. There are several advertising media options for organizations to spend their $$$$$$ Print Media is written advertising. This includes everything from newspapers & magazines to direct mail, directory, transit signs and billboards. These are among the oldest & most effective forms of advertising. Slide 1 of 2 Chapter 19 n Advertising 6 UNIT 6.1 Advertising Media • Newspaper Advertising • Magazine Advertising • Daily or weekly / local, regional or national – newspaper ads are the main form of print media for many businesses • Advantages – newspapers have large readership & high level of reader involvement • Disadvantages – circulation can be wasted, advertising life is short, and ads are less appealing in black & white • Both consumer & trade magazines generate a high level of reader involvement. Magazines can target specific regional areas or interest groups • Advantages – targeted audience, longer life span, more likely to be remembered, better print quality, variety of formats. • Disadvantages – less mass appeal within a geographical area, more expensive, not as timely Slide 2 of 2 Chapter 19 n Advertising 7 UNIT 6.1 Advertising Media • Direct Mail Advertising • Directory Advertising • DM advertising is sent by businesses directly to potential customers via the mail. Examples of DM are catalogs, coupons, samplers, price lists, & others. • Advantages – highly selective distribution, variety of sizes & formats, catalogs & coupons can actually make a sale • Disadvantages – low response rate & high costs • Telephone directories are the best known. Split into White Pages (free alpha listings) and Yellow Pages ( paid listings by category for businesses). • Advantages – inexpensive, used by all demographic groups, long life span • Disadvantages – not timely Chapter 19 n Advertising 8 UNIT 6.1 Advertising Media • Outdoor Advertising • Transit Advertising • Better known as billboards • Advantages – Broad exposure, highly visible, some can be changed quickly • Disadvantages – use is restricted in some areas, limited viewing time, unknown audience • Printed posters inside commuter trains, exterior posters on taxis & buses, station posters @ train & bus stations, subways, and airports • Advantages – reaches wide & captive audience, relatively economical • Disadvantages – unavailable in some areas, restricted to transit routes Slide 2 of 4 Chapter 19 n Advertising 9 UNIT 6.1 Advertising Media Broadcast Media Radio & Television: The average person will spend nearly 10 YEARS watching TV & 6 YEARS listening to the radio in a lifetime People are more likely to believe info from TV than print ads Slide 3 of 4 Chapter 19 n Advertising 10 UNIT 6.1 Advertising Media Television Advertising TV is the ultimate advertising medium. It communicates the message in sound, action & color Advantages - can be directed @ a specific audience, is timely, takes advantage of holidays & special events Disadvantages - highest production costs, high cost for time, audience is not assured Slide 4 of 4 Chapter 19 n Advertising 11 UNIT 6.1 Advertising Media Radio Advertising It’s estimated that radio reaches 96% of all people age 12 & over in a given week Advantages – “Drive times” can provide concentrated audience, specific audiences can be targeted, is flexible & mobile Disadvantages – short life span, stations often must compete for audience, listeners can easily be distracted Chapter 19 n Advertising 12 UNIT 6.1 Advertising Media Online / Internet Advertising Changing daily – hyperlinks, banner ads, pop-ups, search engine results pages, social network advertising, email marketing, online classified advertising Advantages - ability to incorporate animation, sound, pics & video; can be interactive; effectiveness easily measured; immediate publishing of information; content NOT limited by geography or time Disadvantages: Low response rates SEARCH ENGINE MARKETING!!!!! Chapter 19 n Advertising 13 UNIT 6.1 Advertising Media • Specialty Advertising • Other Advertising Media • Specialty media are relatively inexpensive, useful items with an advertiser’s name printed on them. • Examples – pens, calendars, magnets, memo pads, key chains, bottle openers, etc… • Businesses are constantly creating innovative means of transmitting their messages to potential customers. • Examples – sports arena billboards, ads in movie theaters; ads on blimps and hot air balloons; skywriting; etc… Slide 1 of 2 Chapter 19 n Advertising 14 UNIT 6.1 Advertising Media Selection of Promotional Media To determine the type of promotional media to use, advertisers need to answer 3 questions 1.Does the medium have the ability to present the product & the appropriate business image? 2.Does the medium have the ability to target the desired customers? 3.Does the medium have the ability to obtain the desired response rate? Slide 2 of 2 Chapter 19 n Advertising 15