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Published byShonda Sherman Modified over 9 years ago
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Typically, an executive summary will: be no more than 10% or so of the length of the main report be written in business/professional style consist of short and concise paragraphs with a title sentence and 2-3 support phrases Begin with a summary of the purpose of the project Be ordered with discussion similar to primary document only include material present in the main report – no winging it! Summarize findings/recommendations provide a justification for findings Include a conclusion Be inserted immediately following the table of contents
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Internal › Covers the four P’s – product, place, distribution and pricing External › Marketplace and marketing environment › Economy › Legal › Competition ** Discusses the importance of the information and includes some discussion of analysis
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Who are you wanting to communicate with and what do you want the response to be? › Demos › Geographics › Behavioristics Psychographics Intended Usage Usage Rates Occasion? Opportunities and Issues Analysis › SWOT
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Quantitative › Build lead database › Acquire new customer › Cross-sell › New product introduction › Prospect cost per lead › Acquisition cost › Retention › Win back cost › ROA – return on advertising Qualitative › Increase Customer Satisfaction, enhance brand satisfaction
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Differentiation › Differentiated Marketing, Niche Marketing (focused) › Mass Market Marketing Positioning – perceptual mapping Uniqueness
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Goal › To win the war Strategy – an idea of how the goal could be achieved › Divide and Conquer Tactics – action to execute the strategy › CIA spies gather intelligence › Navy Seals knock out enemy communications › Paratroopers secure the airport
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Test your media selections › Do you reach the customers you anticipated? Does your offer generate responses? Do you visuals tell the story, capture attention? Copy – is it easily comprehended and include relevant information?
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How much does your media cost? › Placement, reach, CPM, quantity discounts? BEP ?
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Advertising Objective › Primary (sales, response) › Secondary (brand awareness) Marketing Message – “The Promise” Product/Service Description – benefits, benefits, benefits Customer Problem Creative Must Solve Media Plan › Media Mix – when, where and how will you deliver the message › Budget – frequency and placement costs Creative Strategy – Know your audience Offers and Call to Action – hard offers, soft offers Direct Marketing Essentials – urgency, ways to respond, messages/affiliation to reduce risk in mind of consumer Copy/Layout Legal – know FTC, FDA and FCC advertising guidelines, disclaimers and self-regulation
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The right offer to the right person at the right time › Aperture, problem solution Relevancy and personalization are ways to win better response in direct marketing Test, test, test Track, track, track
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