MarComms Flashcards
(109 cards)
Define IMC
- Integrated Marketing Communications
- The integration of all marketing activities associated with planning, developing, implementing and evaluating brand communication programs
- Makes use of a combination of marketing communication tools
Stages in the marketing communications funnel
- Awareness
- Consideration
- Conversion
- Loyalty
- Advocacy
MarComms tactics for different stages of the funnel
- Awareness
- Online ads - Consideration
- SMIs, content marketing - Conversion
- Sales promotion - Loyalty
- Targeted EDMs - Advocacy
- Brand activism
4 general segmentation types
- Demographics
- Geodemographic
- Psychographics
- Behaviourgraphics
Segmentation types by ease of measurement and predictability of customer choice behaviour
- Demographics
- Easy to measure, low predictability - Geodemographics
- Slightly easy to measure, slightly low predictability - Psychographics
- Slightly difficult to measure, slightly high predictability - Behaviourgraphics
- Difficult to measure, high predictability
Define a market segment
A group of customers who share a similar set of needs and wants
- Allows for effective delivery of the marketing message
- Based on similar needs and wants but also consumption behaviours
Key steps in segmentation
- Segments share demographics, values / lifestyles, behavioural characteristics
- Measureable, accessible, profitable and actionable charactertistics
3.
a) Separate customers into similar product-related needs
b) Identify consumers with similar needs and wants
c) Group customers according to segmentation variables
d) Select groups large enough to support customised marketing strategies
Behavioural segmentation
- segmenting based on buying and consumption behaviour
- Traditionally used after product launch
- e.g product use, level of use, occasion, benefits saught
Online behavioural targeting
- Tracking visitors’ online site-selection creates a date profile of the visitor that can be used to place them in segment
- can include pages visited, length of time spent on page, links clicked, searches performed
Behavioural segmentation: 3 ways to find target market
- Geotargeting: IP-based
- Dayparting: restricting display ads to potential customers
- Domain management: Data and online presence protection
Demographic segmentation trends
- Changing age structure
- Population growth and geographical dispersion
- Changing household composition
- Ethnic groupings
Geodemographic segmentation
- Conjunction of geography and demography
- Premise is that people living in the same area share similarities
Psychographic segmentation
- Based on psychological traits and how they influence consumption
- 3 underlying bases
1. Personality
2. Lifestyle
3. AIO (Activities, Interests, Opinions)
Psychographic segmentation: personality and lifestyle
Big 5 = traits a person possesses that indicate an enduring way of thinking, feeling and acting
1. Agreeableness
2. Emotional stability (Neuroticism)
3. Openness to experience
4. Extraversion
5. Conscientiousness
Lifestyle
- How a person chooses to live their life (e.g student, work, athletic)
Psychographic segmentation: AIO components
Activities
- Work
- Hobbies
- Social events
Interests
- Family
- Home
- Job
Opinions
- About themselves
- Social issues
- Politics
Define diversity marketing
- Process of considering and presenting individually varying identities into the brand’s marketing decisions and activities
- Aim of absolving marketplace discrimination
Trend away from demographics
Has led to stereotyping and marketplace discrimination
Components of diversity marketing (promotion most important)
Product: Offerings inclusive of broader audiences
Place: Equal access
Promotion: portray in a variety of social roles and contexts
Price: No unfair taxes etc.
Key components / takeaways of diversity marketing communications
- Audience connectedness is a means of success and shows target audience resonance
- Three key aspects at play
1. Effective marketers approach to diversity
2. Perceived diversity
3. Belief congruence - Positivity in all 3 domains:
– Positive ad and brand attitudes, societal outcomes
Approaches to diversity model
Axis: order of entry (late / early), depth of diversity integration (surface or deeper)
Passive
- Early entry, surface level
- Mid-level commitment
Performative
- Late entry, surface level
- follower and market driven
- Low commitment
Transformative
- Early entry, deeper level
- Integration across multiple marketing mix elements
- High commitment
Adaptive
- Late entry, deeper level
- Mid-level commitment
Five functions of advertising
- Informing
- new brands, educate features / new uses for existing brands, increase demand for existing brands - Persuading
- Influences primary demand (product category
- builds secondary demand (the brand) - Reminding
- Keeps brand fresh in mind, can encourage brand switching - Adding value
- Advertising adds value by influencing perceptions
- products: product innovation, improving product quality, altering consumers’ perceptions - Assisting other company efforts
- e.g lend credibility to salespeople’s claims
Setting marketing communication objectives
- An expression of marketing management consensus
- Guide the budgeting, message and media aspects of a brands’ advertising strategy
- Provide standards against which results can be measured
Setting achievable advertising objectives
- Include precise statement of who, what and when
- Be quantitative and measurable
- Specify the amount of change
- Be realistic
- Be internally consistent
- Be clear and put it in writing
Some key communication objectives
- awareness and salience
- create imagery and personality
- build trust
- instill loyalty
- connect people