week 11 Flashcards
(50 cards)
what is promo
right message to right audience through right media
integrated marketing communication what is important is the messgae what are some strategies
Ad, personal selling, direct marketing, personal selling, sales promo
communication process flow
sender–> encode–> channel of mesage communication–> decode–> receiver
what is sender and what must they do
where message originate, clearly ID target auidence
what is the transmitter and what do they do
work with creative dep to dev marketing campaign, to show what they offer
what is encoding
convert sender idea to message verbally or visually–> what is important is what is received
what is communication channel
medium that carries the message
what is decoding
reciever interprets message of sender
what is noise
difference in decoding and encoding, interfrence that comes fom competing messages a lack of clarity or issue with the mdeium
what is a feedback loop
allo reciver to communicate with sender so decode and reciev proepr
how ad works
influence way target audience thinks about product or services
4 elements of advetising
ad input: content, sched, repeat
filter: motivation, involvment, sentiment
consumer: cognition, affect, experience attitude
consumer behaviour: behavioural effect like intention, loyatyst
7-steps in IMC campaign
1- ID audience
2- set objectives
3- determine budget
4- convey message
5- eval and select media
6- create communication
7- assess impact
ID audience is about
buyer not the user
what are objectives in IMC
persuade or remind customer, think feel do
what is desiered response form IMC sr and lr
SR: create awarness, LR: behavioural
what are the 6 buyer readiness states
awarness, knowledge, liking, prefrence, conviction, purchase
what are some budgeting methods for IMC
objective and task: communication budget set on specefic tasks to achieve goal
Competitive parity: firms share of communciation expense in line with market share value
% sales: fixed % of forecasted sales
affordable budgeting: forecast sales and expense, diff between plus desired profit to marketing
2 parts in conveying message
1- determine key message 2- what appeal most effectivley convey message
elemenst of key message
convey right message, communicate beenifts, unique, meaningful and sustainable and unique selling proposition
what is 3 important elements in appealing to customers
emotional appeal: satify desries
rational: analytical like beneifts
moral: show what is right
when eval and select media mix what is most important
budget, ability to reach media, choose right medium and frequency.
mass vs niche media
mass: news or radio for large anon audience
Niche: focused narrow segments, often with unique demographic or interest
paid vs owned media vs earned
paid: control by advertiser,
owned: media like website also owned by advertiser–> less expensive
Earned media: word of mouth