3/16/2016 MKT201 1 Advertising “Advertising may be described as the science of arresting the human intelligence long enough to get money from it.” 3/16/2016 MKT201 2 Advertising Objectives Persuasive Informative Advertising Reminder 3/16/2016 MKT201 3 Developing Advertising Strategy • Creating advertising message – Breaking through the clutter – Madison and Vine – Message strategy – Creative concept 3/16/2016 MKT201 4 Message Execution Lifestyle Fantasy Mood or Image Slice of life Execution Testimonial Evidence or Endorsement Personality symbol Scientific Evidence 3/16/2016 Musical Technical Expertise MKT201 5 Selecting Advertising Media • • • • Deciding on reach, frequency and impact Choosing among major media types Selecting specific media vehicle Deciding media timing 3/16/2016 MKT201 6 Sales Promotion a direct inducement that offers extra value or an incentive to purchase / sell the product to the - sales force OR - distribution channel OR - the ultimate consumer with the primary objective of creating an immediate sale (ie. result)” 3/16/2016 MKT201 7 An Example of a Dr.Pepper Coupon Promotion 3/16/2016 MKT201 8 Sales Promotion Ultimately seeking to motivate behavioural change by offering an attractive reward. Contrasts with advertising, which attempts to change attitudes / perceptions / knowledge levels. 3/16/2016 MKT201 9 Sales Promotion Tools - Consumer EXAMPLES??? Contests and games of skill and chance Samples / Free trial Point-ofPurchase Redeemable coupons Sales Promotion tools Patronage Rewards Advertising Specialties (Promotional Product) Cash-back Offers (Rebate) Cents-off deals or Price Packs Premiums 3/16/2016 MKT201 10 An Example of a Price Reduction Promotion 3/16/2016 MKT201 11 The Role of Public Relations Building good relations with the company’s various publics by obtaining favorable publicity, building up a good corporate image, and handling or heading off unfavorable rumors, stories and events. General Public Employees Customers FIRM Suppliers 3/16/2016 MKT201 Stockholders 12 A News Story Written About The New Jacket 3/16/2016 MKT201 13