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Review Week Two.

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Presentation on theme: "Review Week Two."— Presentation transcript:

1 Review Week Two

2 Marketing Communications designed on the basis of
Customer Focus

3 Customer Profile: Outline of the type of customer likely to purchase product/brand. Developing a customer profile will helps target marketing communications and is an essential analysis tool. Allows concentration on real potential customers rather than too wide a range of people.

4 Customer Profile: Outline of the type of customer likely to purchase product/brand. Developing a customer profile will helps target marketing communications and is an essential analysis tool. Allows concentration on real potential customers rather than too wide a range of people.

5 5 Faces of Customer Profile

6 Positioning Techniques and Brand Positions

7 Positioning How your target market defines you in relation to your Competitors

8 Thought a Benefit by Customers
Desired Position is: What makes you unique Thought a Benefit by Customers + Focus is standing out in a “noisy” market

9 Point of Difference The most compelling and motivating benefit that the brand can deliver relative to competitor offerings Differentiation: increases margins increases customer loyalty reduces switching

10 Proposition to Position Statement
4 elements: Target audience – description of core customer Frame of reference - brand category Benefit/Difference - compelling benefit Reason to Believe – proof of delivery

11 Positioning Differences
Important – to target market Distinctive – compared to competition Superior – to other ways customer can get value Communicable – can be explained and communicated Preemptive – competitors cannot easily copy Affordable – buyers can pay for difference Profitable – to business

12

13 Objective Setting and Budgeting

14 Setting Marcom Objectives
Goals that the various marcom elements aspire to individually or collectively achieve during a scope of time such as a business quarter or fiscal year.

15 Requirements for Setting Suitable Marcom Objectives
Include a 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

16 Practical Budgeting Methods
Percent-of-Sales Budgeting Objective-and-Task Method Competitive Parity Method (match competitors’ method) Affordability Method

17 Objective-and-Task Method
The most sensible and defendable advertising budgeting method Specify what role they expect advertising to play for a brand and then set the budget accordingly


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