Advertising

Paid use by an identified sponsor to inform a target market about a product, service, idea, or organization. Goals – Inform – Persuade – Remind

AIDA Very famous marketing acronym for advertising A good advertisement must meet “AIDA’s Criteria”

ATTENTION Attract the attention of the consumer

INTEREST Raise consumer interest by focusing on and demonstrating advantages and benefits of your product/service

DESIRE Convince consumers that they want and desire the product or service and that it will satisfy their unfulfilled needs or wants

ACTION Lead customers towards taking action and/pr purchasing

Advertising Advertisements are the most effective if – They stay consistent with the brand – Effectively communicate the position of the company – Are memorable for the audience Don’t remember just the ad but the product/service as well

Selecting the Type of Media Reach – The amount of people that will see or hear the ad Frequency – The # of times that people will see or hear in ad in a given period of time – Radio – 1 time – Magazine – 3-4 times Selectivity – The ability of the media to focus on a target market – Example: Kids Cereal

Selecting the Type of Media Durability – The ability for the ad to last – Example: Newspaper ads only last 24 hours Cost – The more effective the media – the more expensive the ads – Super Bowl Ads 2009: $2.6 million for 30 seconds

How many ways can a business advertise?

Advertising 1)Television 2)Radio 3)Newspapers 4)Magazines 5)Event Marketing 6)Product Placement 7)Outdoor Advertising (billboards, cars, benches, etc) 8)Internet – Banner Ads 9)Social media (Youtube, Facebook, Twitter)

Advertising Carousal

Television AdvantagesDisadvantages Stimulating – sight, sounds, colour, motion Communicate to target based on choice of show High cost High production costs People can skip over commercials easily

Radio AdvantagesDisadvantages Inexpensive Easy to target Have to repeat the message often Not a lot of focus, radio is often background noise

Newspaper AdvantagesDisadvantages Timely delivery of ad Easy to select geographic areas Low cost Short ad life Low quality Hard to target Lots of clutter

Magazine AdvantagesDisadvantages High quality Easy to target Add more substance due to relaxed nature of reading magazines Time sensitive More expensive

Event marketing AdvantagesDisadvantages Penetrates media noise Has the possibility to extend beyond the single event A single instance When the event is over, so is the effect Effectiveness of ad can depend of success of the event

Product Placement AdvantagesDisadvantages Easy to target Identifies with a culture Easy to show the benefits of your product Product can become famous High cost High production costs Easy to miss

Direct Mail AdvantagesDisadvantages Can go to target, mail customers flyers Give samples directly to users Cheap to produce Easily discarded – JUNK MAIL! Clutter – lots of competition Not environmentally responsible

Outdoor Advertising AdvantagesDisadvantages Lots of people see the ad People see the ad over and over Hard to target Not the focus of people’s attention

Internet AdvantagesDisadvantages Interactive – include a link to your site! Unique, every ad can be different Easy to target Banner ads easily ignored New – not 100% sure on what tactics work Clutter on webpages

Social Media FREE! You know you have the attention of your target Word of Mouth Benefits Unable to control feedback Measuring Impact AdvantagesDisadvantages

ADVERTISING ASSIGNMENT