Midterm Study (Digitial Marketing) Flashcards
(150 cards)
Marketing
The action of business of promoting and selling products or services, including market research and advertising
Communications
the use of messages to generate meaning, both within and across a myriad of cultures, contexts, channels, and media.
Public Relations:
The strategic management of Relationships between an organization and its diverse publics, through the use of communication, to achieve mutual understanding, realize organizational goals and serve the public interest.
Marketing Communications
All messages and media you deploy to communicate with the market.
Timeline of advertising
- 1994: The first banner ads appear
- 1995: Display ads become increasingly targeted
- 1996: Banner ads plastered the internet
- 1996: ROI tracking tools begin to improve
- 1997: Pop-up ads quickly rise and fall
- 1999 - 2002: Advertisers turn to paid search and pay-per-click
- In 1999, GoTo.com – an emerging search engine company that would later be acquired by Yahoo – introduced the first pay-for-placement search engine
service. - 2006: Digital ads become hyper-targeted
- 2007: Social networks such as Twitter, YouTube, and Google+ focus on providing an advertising experience for users that doesn’t feel aggressive or impersonal.
- 2010 - present: Marketers find value in native ads.
Five Characteristics of Digital Advertising
- Digital, next to video, is king in advertising, marketing and communications.
- Analytics Talk
- Crucial Role in most strategies within organizations.
- Modern day is consumed by digital.
- Its measurable.
Around the World…
- Branded websites are the second-most-trusted advertising format,
behind recommendations from friends and family. - Two-thirds trust consumer opinions posted online.
- Online ad formats have not eroded trust in traditional paid advertising. Roughly six-in-10 say they trust ads on TV (63 per cent), in newspapers (60 per cent) and in magazines (58 per cent).
- Millennials show the highest levels of trust in 18 of 19 advertising
formats/channels, including TV, newspapers and magazines. - Humor resonates most strongly in Western markets; health-themed
ads are rated highest in Latin America, and ads depicting real-life situations are most appealing in Asia-Pacific and Africa/Middle East.
“Advertising is the price you pay for unremarkable thinking.”
Jeff Bezos
Brands don’t influence people, ______ do.
people
Four P’s of Marketing (4) - aka. the marketing mix.
- Product
- Price
- Place
- Promotion
There are two additional P’s in Digital Marketing
People and Performance
What do People and Performance refer to in the context of the Digital Marketing Mix
People - those associated with the organization, such as front-line employees, distributors and owners.
Performance - an amalgamation of the other five P’s related to product/service.
What are the 4 Selling Propositions:
USP - the unique selling point
ESP - the emotional selling proposition
OSP - organizational selling point
MSP - the me-selling proposition
Brand messaging should be in ______ time
Real.
The best storytellers adapt to their audiences’ reactions and new
information they might provide during the story.
Brand Terms (4)
Brand Associations
Brand Character/personality
Brand Character Statement
Brand Commitment
ESP
Emotional Selling Proposition
OSP
Organizational Selling Point
MSP
Me-Selling Point
Brand Associations:
the knowledge and feelings consumers associate with a brand name.
Brand character/personality:
Using human qualities and attributes
to describe the brand (use, function, performance,
Brand Commitment:
The degree of loyalty a consumer feels for a brand.
Pesonal Brand
The practice of individuals contributing directly to how the world perceives them.
Brand Advocacy
People who are tasked (either paid, or unpaid) with increasing public awareness and generating sales opportunities while embodying the brand’s image.
Brand Equity
Is value attributed to a brand in the marketplace as expressed by the opinions and behaviors of key influencers.