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Deepanshu Negi - 21mba2993 - MKT-4 - Imc.
Deepanshu Negi - 21mba2993 - MKT-4 - Imc.
Deepanshu Negi - 21mba2993 - MKT-4 - Imc.
DISCUSSION FORUMS
UNIT-1: -
A company wishes to launch a new toothpaste, which could prevent tooth
cavities and tooth decay. But the tooth paste market is highly crowded with
multiple brands. As marketing executive prepare a marketing
communication strategy so that the company’s new brand could be
established in the market.
ANSWER- 1
Many consumers like toothpaste without artificial flavours, colours, or
substances regardless of the official label. Additionally, a lot of people want to
avoid the fluoride, triclosan, and sodium lauryl sulphate included in normal
toothpaste. Toothpaste is used to kill bacteria and freshen breath. They claim
that organic toothpaste contains herbs and essential oils that not only taste
minty fresh but also have antibacterial properties.Make Your Product Unique
from the Start
Create a unique product right away.
You must set your toothpaste apart from the other equivalent rival products now
on the market. Put your company's name and logo prominently on the package
to improve brand recognition and sales. Identify the precise qualities that
consumers want in a toothpaste, such as the ability to strengthen or whiten
teeth, enhance breath freshness, and prevent dental damage. on the dentist's
recommendation. Emphasize the benefits that utilising your toothpaste will
provide consumers, as well as its attributes. Make sure your information is
correct and supported by research at all times.
Depending on your budget, you can efficiently market your toothpaste products
by utilising a range of print and electronic media channels. Advertisements for
toothpaste can be placed with radio and television stations with substantial
audiences. For maximum impact, these adverts ought to highlight the benefits
of the toothpaste. local or national health publications
Daily newspapers can offer a great chance to advertise your toothpaste. You
might describe your product to readers and build a positive brand.
UNIT-2: -
Discuss the factors influencing selection of an advertising agency. Also,
explain various services provided by advertising agencies to their clients.
ANSWER- 2
The following criteria have a role in choosing an advertising agency: Since they
offer businesses creative and advising services, advertising firms are very in-
demand today.
• Location
Location is crucial since you want the agency you choose to be close to where
your business is located. A remote or outlying location will result in higher
travel costs and inconvenience. You would rather be able to hold meetings
frequently than only once a year. Select the option that is closest.
This would also speed up productivity and make things simpler.
• Credibility
As was already said, the company's clientele serves as evidence of its reliability.
It is crucial to take into account the agency's standing, sincerity, and honesty.
Their prior performance is mostly helpful in determining their credibility. The
company's data and the clientele's history make the information about them
available.Expertise & Experience
An agency's experience would demonstrate just how successful it has been in
doing business. Some firms concentrate on a certain area of advertising or a
certain industry. Advertising agencies that work with your industry are
accustomed to marketing your brand. That's not the only prerequisite, though.
When choosing an agency, consideration should be given to its industry
experience.
Budget
The financial positions of the agency and yourself should both be evaluated. A
company that does not fit inside your budgetary constraints cannot be hired.
Choose the option that best fits your company's budgetary budget. Additionally,
the agency you're interested in should have a solid financial standing. To meet
standards, payment processes need to be carefully examined. To avoid any
complications later, this needs to be made clear up front.
Conclusion
Vigilance is required while deciding which advertising agency to go for as they
are the ones who promote your business. Time and thought should be given
when assessing each option. When choosing your agency, it is empirical to
figure out how the entity will aid to your business. The location, background,
compatibility, and clientele of the agency should be assessed before selecting
the organization. The financial feasibility of your own business and the agencies
should match. You must make sure that the agency is able to manage their own
business before handling yours.