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Steps required in developing an advertising program - Nikunj G Katkoria -NIT Surat

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Page 1: 17-1 (what steps are required in developing an advertising program)

Steps required in developing an advertising program

-Nikunj G Katkoria-NIT Surat

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What is advertising?

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Advertising is the activity or profession of producing advertisements for commercial products or services.

Advertising Program is detailed outline of a firm’s or a product’s advertising campaign which shows what are the advertising objectives, how they will be achieved, and what commitment of resources is required.

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Informative Advertising• Aims to create brand awareness and knowledge of

new products or nee features of existing products.

Persuasive Advertising• Aims to create liking, preference, conviction and

purchase of a product or service.

Reminder Advertising• Aims to stimulate repeat purchase of products and

services

Reinforcement Advertising• Aims to convince current purchases that they made

the right choice.

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Money

Advertising budget

How does a company know it’s spending the right amount?

It is an investment in building brand equity and customer loyalty.

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Stage in the product life cycle

Market share and the consumer base

Competition and the clutter

Advertising Frequency

Product Substitutability

Controlled by 5 factors

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Message

•Message Generation and evaluation

(What it says?)

•Creative Development and evaluation

(How it says?)

•Legal and social issues(Must ensure that advertising does not

overstep social and legal norms)

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Media

Media Types

Television Print Film

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Crucial factors while

selecting media

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Frequency

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Alternate Media Types

Billboards (Hoardings)

Public Spaces (Ads on buses, subways, etc)

Product Placement (Games with Brands)

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Continuity

Concentrated

Flighting

Pulsing

Media ti ming and allocati on

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Evaluating Advertising Effectiveness

Communication-effect Research

Sales-effect Research

Share of Expenditures

Share of Voice

Share of market

Share of mind and art

•Consumer feedback method•Portfolio test•Laboratory Test