Marketing Notes
Marketing Notes
Integrated Marketing Communication, AIDA Model, Setting Goals and Objectives, Concept of
DAGMAR In Setting Objectives, Elements Of IMC, Role of Advertising in India’s Economic
Development, Ethics in Advertising, Social, Economic and Legal Aspects of Advertising.
AIDA Model
The AIDA model is a marketing framework that describes the stages a consumer goes through
before making a purchase. It stands for:
Setting clear and measurable goals and objectives is crucial in any marketing strategy. Goals are
broad primary outcomes, while objectives are specific, measurable steps to achieve these goals.
The SMART criteria (Specific, Measurable, Achievable, Relevant, Time-bound) is often used to
set effective objectives.
The DAGMAR (Defining Advertising Goals for Measured Advertising Results) model is used
for setting advertising objectives and measuring their effectiveness. It emphasizes four stages of
communication effects:
Ethics in Advertising
Ethical advertising involves promoting products and services in a truthful, fair, and socially
responsible manner. It avoids misleading claims, respects consumer privacy, and upholds
societal values.
1. Social Aspects: Advertising can influence societal norms and behaviors. It must be
culturally sensitive and avoid reinforcing harmful stereotypes.
2. Economic Aspects: Advertising drives consumer spending, supports market competition,
and contributes to economic growth.
3. Legal Aspects: Advertising is regulated by laws to prevent false claims, protect
consumer rights, and ensure fair competition. In India, bodies like the Advertising
Standards Council of India (ASCI) oversee advertising practices.
1. Perception
Perception in advertising is about grabbing the audience's attention. It's the process by which
consumers notice and interpret advertising stimuli.
2. Cognition
Cognition involves the mental processes of understanding and remembering the information
presented in ads. It includes how consumers think about and make sense of the ad content.
3. Affect
Affect refers to the emotional response elicited by an advertisement. This could range from
feelings of happiness, sadness, excitement, or fear.
4. Association
Association is about linking the advertised product with certain qualities, ideas, or experiences.
It's how brands become associated with specific values or lifestyles in consumers' minds.
5. Persuasion
Persuasion involves convincing the audience to believe in the advertised product’s benefits and
to take a desired action, such as making a purchase.
6. Behavior
Behavior in advertising is the ultimate goal: to drive consumers to take a specific action, such as
buying a product, visiting a website, or signing up for a service.
Creating emotional connections between consumers and brands is crucial. This can be done
through storytelling, using relatable scenarios, and leveraging emotional appeals that resonate
with the target audience.
Research helps in understanding consumer behavior, preferences, and trends. It informs the
development of effective advertising strategies, the creation of relevant messages, and the
selection of appropriate media channels.
Advertising Media
Media planning involves strategizing the best way to deliver an advertising message to the target
audience. It includes selecting the right media channels and scheduling the ads for maximum
impact.
Media Selection
Choosing the appropriate media involves considering factors such as audience demographics,
media consumption habits, cost, and the nature of the message.
This involves determining the timing and frequency of advertisements to optimize reach and
effectiveness. Common strategies include:
Allocating budget for media involves considering the overall marketing budget, campaign goals,
and the cost-effectiveness of different media channels. Budgeting methods can include:
Planning and managing creative strategies; Creative approaches; Building Advertising Program:
Message, Theme, advertising appeals; Advertising layout: how to design and produce
advertisements; Advertising Budget: nature and methods of advertising appropriation; Art of
copywriting; Guidelines for copywriting; Copywriting for print, Audio, TV and outdoor media.
Planning and Managing Creative Strategies
1. Creative Approaches Creative approaches in advertising refer to the different methods used
to convey the advertising message. Some common approaches include:
Message: The core idea or information the advertisement aims to communicate. It should
be clear, concise, and compelling.
Theme: The central concept or underlying message that ties the entire campaign
together. It reflects the brand’s identity and values.
Advertising Appeals: Techniques used to attract attention and influence the audience's
feelings or attitudes. Common appeals include:
o Emotional Appeal: Targeting the audience’s emotions.
o Rational Appeal: Focused on logic and facts.
o Moral Appeal: Addressing the audience's sense of right and wrong.
o Fear Appeal: Highlighting potential risks or dangers.
o Humor Appeal: Using comedy to engage the audience.
3. Advertising Layout: How to Design and Produce Advertisements The layout involves the
arrangement of visual and textual elements in an ad. Key elements include:
5. Art of Copywriting Copywriting is the craft of writing persuasive and compelling text for
advertisements. It involves:
Understanding the Audience: Knowing the target audience’s preferences, needs, and
behaviors.
Crafting a Clear Message: Conveying the message in a straightforward and engaging
manner.
Creating an Emotional Connection: Using words that resonate with the audience's
emotions.
Incorporating a Strong CTA: Encouraging immediate action from the audience.
Print Media: Focus on clear and engaging headlines, detailed body copy, and strong
visuals.
Audio Media (Radio): Use a conversational tone, simple language, and repeat key
information.
TV Media: Combine strong visuals with concise and impactful dialogue or narration.
Outdoor Media: Keep the message short and impactful, with eye-catching visuals and
minimal text.
M4: Other Elements Of IMC- Sales Promotion, PR, Events And Experiences And Word Of
Mouth
Consumer and trade sales promotion, application of sales promotion in different domains; Using
public relations in image building; Planning and executing events, event management; Viral
marketing, building organic word of mouth communication
Sales Promotion, PR, Events and Experiences, and Word of Mouth
Public Relations (PR) focuses on managing a company's reputation and building a positive
image. Key PR activities include:
Events are powerful tools for engaging with the target audience and creating memorable
experiences. Effective event planning involves:
Objective Setting: Defining clear goals for the event.
Audience Analysis: Understanding who the event is targeting.
Budgeting: Allocating resources effectively.
Venue Selection: Choosing a location that aligns with the event’s objectives.
Promotion: Marketing the event to ensure maximum attendance.
Logistics Management: Coordinating all operational details.
5. Event Management
6. Viral Marketing
Viral marketing aims to create content that is highly shareable and spreads rapidly through social
networks. Key elements include:
Organic word of mouth involves natural, unsolicited promotion by satisfied customers. Strategies
to foster word of mouth include:
Measuring Advertising Effectiveness: stages of evaluations and various types of testing-Pre and
Post testing; Advertising agencies: history, role, importance, organizational structure, functions;
Selection of agency, client agency relationship, compensation strategies.
Stages of Evaluation:
o Pre-Testing: Conducted before the advertisement is launched to predict its
effectiveness.
o During the Campaign: Ongoing evaluation to monitor the ad's performance.
o Post-Testing: Conducted after the ad campaign to measure its overall impact.
Types of Testing:
o Pre-Testing:
Concept Testing: Evaluating the basic idea of the ad before full
production.
Copy Testing: Assessing the effectiveness of the ad's message and
content.
Storyboard Testing: Testing the ad's visuals and narrative before final
production.
Pilot Testing: Running the ad in a small market to gauge reaction.
o Post-Testing:
Recall Tests: Measuring how well consumers remember the ad.
Recognition Tests: Assessing whether consumers recognize the ad and its
message.
Sales Effect Analysis: Evaluating the impact of the ad on sales.
Brand Tracking: Monitoring changes in brand awareness and perception.
Attitude Surveys: Gauging changes in consumer attitudes towards the
brand.
Advertising Agencies
History: Advertising agencies have evolved from simple brokerage houses in the 19th
century to full-service firms that offer a range of marketing and advertising services.
Role: Agencies create, plan, and manage advertising campaigns for clients. They offer
expertise in market research, media planning, creative development, and campaign
execution.
Importance: Agencies provide specialized skills, save time, and offer an objective
perspective. They help businesses reach their target audience effectively and efficiently.
Organizational Structure:
o Account Management: Liaises between the agency and the client, ensuring
client needs are met.
o Creative Department: Develops the visual and textual content of advertisements.
o Media Planning and Buying: Selects the appropriate media channels and
negotiates ad space.
o Market Research: Gathers and analyzes data to inform campaign strategies.
o Production: Manages the technical aspects of creating advertisements.
o Finance and Administration: Handles budgeting, billing, and overall
administration.
Functions:
o Research and Analysis: Understanding the market, audience, and competitors.
o Strategy Development: Crafting the overall approach for the advertising
campaign.
o Creative Development: Designing and producing the ad content.
o Media Planning and Buying: Choosing the right media channels and purchasing
ad space.
o Campaign Execution: Implementing and managing the advertising campaign.
o Performance Evaluation: Measuring and analyzing the effectiveness of the
campaign.
3. Selection of Agency
4. Client-Agency Relationship
Key Factors:
o Communication: Regular and transparent communication is essential.
o Trust: Building mutual trust for a successful partnership.
o Collaboration: Working together to achieve common goals.
o Feedback: Providing constructive feedback to improve performance.
o Conflict Resolution: Addressing and resolving issues promptly.
5. Compensation Strategies
Types of Compensation:
o Commission-Based: Agency earns a commission (typically 15%) on the media
space purchased.
o Fee-Based: Fixed fee for the services provided, regardless of media spend.
o Performance-Based: Compensation tied to the achievement of specific
performance goals.
o Retainer: Monthly or yearly fee for a set range of services.
o Hybrid Models: Combination of the above methods to suit both agency and
client needs.
Choosing the Right Strategy:
o Client’s Budget: Aligning with the financial capacity of the client.
o Scope of Work: Matching the compensation to the complexity and duration of
the project.
o Agency’s Preferences: Considering the agency’s preferred compensation model.
o Performance Expectations: Linking compensation to performance can motivate
the agency to deliver better results.