A Guide to Effective Advertising

Embed Size (px)

Citation preview

  • 7/25/2019 A Guide to Effective Advertising

    1/15

    Unit I

    A GUIDE TO EFFECTIVEADVERTISING

    01/14/161 Indrajit

  • 7/25/2019 A Guide to Effective Advertising

    2/15

    What is advertising?

    Advertising is the non-personal

    communication of information,

    usually paid for and usuallypersuasive in nature, about

    products goods and services!, or

    ideas by identified sponsorsthrough the various media"

    01/14/162 Indrajit

  • 7/25/2019 A Guide to Effective Advertising

    3/15

    Advertisingis any impersonal, one-#ay

    mass communication

    about a product or organi$ation thatis

    paid forby a mar%eter"

    Advertisingis any impersonal, one-#ay

    mass communication

    about a product or organi$ation thatis

    paid forby a mar%eter"

    01/14/163 Indrajit

  • 7/25/2019 A Guide to Effective Advertising

    4/15

    ADVERTISING STRATEGIESAn important part of any advertising plan is

    deciding on advertising strategies. Thethree strategic options are:

    Diferentiation

    Segmentation

    A om!ination o" t#o

    Coo$erative advertisingRei$roa% advertising

    01/14/164 Indrajit

  • 7/25/2019 A Guide to Effective Advertising

    5/15

    DiferentiationIn Diferentiation, you emphasie ho!

    your hotel is di"erent from others.

    The advertising must aim at somemeaningful di"erences

    #i$e uni%ueness of location, consistent andrelia&le service, theme &ased restaurants

    These are positive U'(s that you can use to

    start the advertisement campaign.

    01/14/16) Indrajit

  • 7/25/2019 A Guide to Effective Advertising

    6/15

    Com!inationIn this strategy, &oth the di"erentiation and

    segmentation strategies are selected toform the advertising plan.

    A speci*c mar$et segment is selected toadvertise and an attempt is made todi"erentiate your property from otherproperties &y o"ering uni%ue &ene*ts that!ill &e of interest to the selected segment.

    01/14/16+ Indrajit

  • 7/25/2019 A Guide to Effective Advertising

    7/15

    SegmentationIn Segmentation, your strategy can &e to

    target a speci*c segment !hich has &eenleft untapped under a particular mar$etingsegment

    #i$e -omen &usiness travelers under&usiness travelers, !hich can &e used tostart the advertising campaign.

    01/14/16 Indrajit

  • 7/25/2019 A Guide to Effective Advertising

    8/15

    Coo$erative advertisingCoo$erative advertising & It involves

    advertising in con/unction !ith anotheradvertiser.There are t!o types of corporative

    advertising 0 oriontal and vertical.oriontal co0op advertising involves similar

    &usiness, such as several hotels that poolresources to promote their destination city.

    ertical co0op advertising, on the other handinvolves several di"erent types of &usinessessuch as a hotel and airline that cosponsor anadvertisement &ene*t &oth parties.

    01/14/16 Indrajit

  • 7/25/2019 A Guide to Effective Advertising

    9/15

    Rei$roa% advertising

    It is the echange of hospitality product orservices 5rooms, food and &everages etc...6for advertising space or airtime.

    This type of advertising can &e especiallye"ective for *rms !ith limited &udget

    01/14/167 Indrajit

  • 7/25/2019 A Guide to Effective Advertising

    10/15

    DEVE'O(INGADVERTISING ('AN8o matter !hat strategy is used,

    advertising must promote *rm in amemora&le and cost e"ective !ay.

    9our characteristics reach

    ;each

    9re%uency,

    consistency,

    and TimingAll these play important roles in allsuccessful advertising strategies.

    01/14/161< Indrajit

  • 7/25/2019 A Guide to Effective Advertising

    11/15

    Things to &e notedReahIt refers to the no of di"erent individuals or

    homes eposed to an advertising message atleast once during a speci*ed time period.

    Fre)*en+

    It is a measure of ho! many times the averageperson in the target mar$et is eposed to theadvertising message over a speci*ed timeperiod>

    01/14/1611 Indrajit

  • 7/25/2019 A Guide to Effective Advertising

    12/15

    Consisten+It plays an important part in consumer recognition

    of your hotel or restaurant. ?our advertising !ill &efar more e"ective if it has a consistent loo$ and, inthe case of &road cast media, a consistent sound

    TimingIt involves scheduling advertising for those times

    !hen it !ill &e most e"ective. The ne!s paperadvertising &ureau recommends timingadvertisements to coincide !ith seasonal sales

    patterns promoting summer vacation pac$ages/ust &efore the season.

    01/14/1612 Indrajit

  • 7/25/2019 A Guide to Effective Advertising

    13/15

    Scheduling the Promotion

    ContinuousContinuousMedia ScheduleMedia Schedule

    ContinuousContinuousMedia ScheduleMedia Schedule

    FlightedFlightedMedia ScheduleMedia Schedule

    FlightedFlightedMedia ScheduleMedia Schedule

    PulsingPulsingMedia ScheduleMedia Schedule

    PulsingPulsing

    Media ScheduleMedia Schedule

    SeasonalSeasonal

    Media ScheduleMedia Schedule

    SeasonalSeasonal

    Media ScheduleMedia Schedule

    Advertising is run steadily throughout theperiod.

    Yellow Pages

    Advertising is run steadily throughout theperiod.

    Yellow Pages

    Advertising is run heavily every Thursday ormonth end.

    Movies

    Advertising is run heavily every Thursday ormonth end.

    Movies

    Advertising combines continuous scheduling

    with flighted.

    Advertising combines continuous scheduling

    with flighted.

    Advertising is run only when the product isliely to be used.

    Advertising is run only when the product isliely to be used.

    01/14/1613 Indrajit

  • 7/25/2019 A Guide to Effective Advertising

    14/15

    -UDGETING FORADVERTISING@efore esta&lishing an advertising &udget, you

    should consider a num&er of varia&les that !illa"ect the $ind of advertising &udget you !ill use,

    The si.e and t+$e o" the hos$ita%it+ /rm 0The sie of your property and the types ofservices and facilities it o"ers !ill greatlyinuence the amount of money necessary toe"ectively advertise it.

    The om$etition 0 Advertising &udget are alsoa"ected &y ho! much the nearest competitor isspending on its advertisement campaigns.

    01/14/1614 Indrajit

  • 7/25/2019 A Guide to Effective Advertising

    15/15

    Advertising @udget1ar2eting o!3etives 0 Advertising

    &udget should &e made $eeping in mindthe o&/ectives of the *rm. Bpansion orgro!th of the hotel chain !ould invite more

    investment.

    Target mar2ets 0The num&er and sie ofthe mar$et also determines the propertyCsoverall advertising &udget.

    01/14/161) Indrajit