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Advertising MINI
Advertising MINI
The AIDA marketing model is a marketing, advertising and sales approach methodology 1.Establish Goals, Objectives, & KPIsA solid starting point is setting goals for your Social Factors: The second major groups of factors that influence consumer decision
designed to provide insight into the customer's mind and represent the steps needed to marketing campaign, as goals give you clarity and a well-defined direction for the making are social factors, which include all effects on the buying behaviour that result
cultivate leads and generate sales. marketing tactics to use and KPIs to measure.Goal setting also increases your odds of
from interactions between a consumer and the external environment. The social factors
success as our research reveals marketers who set goals are 376% more likely to
The AIDA model was introduced by businessman Elias St. Elmo Lewis in the late 19th such as reference groups, family, and social status affect the buying behaviour as follows:
report success than those who don’t set goals. The best part? Goal-setting marketers
century. As an acronym, AIDA breaks down into the steps required for successful achieve 70% of the goals they create. 2.Set A Budget Begin budget planning by
A. Reference Groups: A reference group is a small group of people such as colleagues
marketing: Attention, Interest, Desire (or, in some variations, Decision) and Action. The creating a cost estimate for each goal you’ve set. Use data from previous campaigns
AIDA marketing model is a cornerstone of modern marketing, to the extent that missing at work place, club members, friends circle, neighbours, family members, and so
to guide cost estimation. Don’t have any past campaign data? Refer to industry
one step is thought to almost guarantee an unsuccessful result. on. Reference groups influence its
averages for estimates.Once done, create a spending plan — how much will you
allocate to each marketing tactic, channel, and task?For a content marketing
Attention - To make customers aware of offerings, a marketer needs to catch their B. Family: The family is the main reference group that may influence the consumer
campaign, map out the tasks involved and how much money you’d need to complete
attention and notice or take in visual media. Various approaches are implemented to behaviour. Nowadays, children are well informed about goods and services through
them. For example, you could allot $950 for each blog post and $5,500 to enlist an
get the attention of potential customers, like the placement of an ad in an unusual SEO agency’s help to rank your content media or friend circles, and other sources. Therefore, they influence considerably in
but noticeable place. Personalized messages, like those used in one-to-one marketing, buying decisions both FMCG products and durables
are harder to ignore than generic proposals. Shock value advertising, such as the use
3. Define Your Audience Segmentation
of graphic images, also garners attention by provoking sharp emotional reactions. C. Friends: Friends may influence in two major ways. First they make a recommendation.
With your goals, objectives, and budget ready, answer the following question: who is As they are friends, we are more likely to trust their judgement than that of an
Interest – Customer interest must be piqued and held long enough to gain your target audience for the campaign?Some of the folks that you’re targeting may be acquaintance, or indeed a total stranger. Second, friends may buy us a gift.
information about the product. One approach to maintaining interest is
your customers already. Others might have only just heard about you. Whatever the case,
presenting concise and well-paced information, delivered by an interesting character,
breaking your audience into subgroups helps you tailor your campaign’s messaging to the D. Relatives: The level of influence may depend upon the closeness of the family in
voice actor or mascot.
audience’s exact needs. In turn, this makes your marketing more effective than when you emotional terms, and its ethnicity. Familles of Indian or West Indian origin, for example,
Desire (or Decision) – Desire is often built up by selling on a product's features, blast a generic message that may only lightly touch on its target audience’s struggles. tend to be more close-knit. If someone is planning to buy a car, that person may seek the
showing superiority over similar products and demonstrating versatility. Essentially, opinion or guidance of a friend or relative who is thought to know about cars.
this is the presentation of a product or service's value proposition, the compelling 4.Create Compelling Content
benefits that induce a consumer to select this particular offering, leading to the E. Social Status: Status is how we measure our position in society relative to other people,
Before you can get into content creation, create channel-specific marketing strategies for
decision to purchase. and status symbol is the products that we use as benchmarks in this comparison. A
each of the marketing channels you shortlisted in the step above.The idea is simple:
person who owns a luxury car has more status than a person who owns a mid size car and
Action – If the customer has come this far, there is interest. The final step is closing create content based on each channel’s requirements and audience expectations.Make
a person who owns a mid size car has more status than a person who owns a small car.
the sale and convincing the customer to act on interest, which may involve sure you document each channel’s marketing strategy and content requirements so you
People choose products that communicate their role and status in society.
overcoming objections and making a call to action (CTA). In the CTA, a product may can quickly brief your team on the content to create.
start at a higher price that will be lowered, often to a third of the original. Products 6. Measure ResultsLast step: measure progress and results by studying the KPIs you
might be offered two-for-one and/or with free shipping. Improving the perceived
identified in the first step.You’ll want to set up a performance dashboard or use
value can motivate the undecided customer. However, if the other steps are
marketing campaign software that summarizes results to make this step easy.As you
performed well, the customer should be left with a lasting positive impression of the
product even if they choose not to purchase. study
●Cultural Factors: What is a segmentation strategy? MEDIA PLANNING PROCESS
A segmentation strategy is a marketing concept that refers to a company's plan for Media planning is the process of identifying the appropriate marketing mediums and
Culture includes race and religion, tradition, caste, moral values, etc. Culture also Inclüde
identifying each section of its target market. Businesses develop a segmentation strategy channels to reach the target audience, targeting the right messages, at the right time, in
subcultures such sub-caste, language, religious sects etc and Social class: to appropriately categorize their customers and choose the best niches for their products the right place.It involves understanding the target audience, defining the message, and
and advertising. A segmentation strategy can be a simple description of your target selecting the right channel to reach them.In simple terms, it includes planning what
A.Culture: It influences consumer behaviour to a great extent. Cultural values and segments or an in-depth guide to short-term and long-term plans for engaging with media to use, which channels to use and how much to spend to boost a company’s ROI.
elements are passed from one generation to other through family, educational different audiences.
Market Analysis :-The first step involves researching the market to gain insights into the
institutions, religious bodles, social environment, etc. Cultural diversity influences food Consider who needs your products target audience, their media habits, and the business’s objectives. This involves studying
habits, clothing, customs and traditions, etc. For Instance, consuming alcohol and meat in existing data and conducting focus groups, surveys, social listening etc.
Start by identifying the primary need for your product. Your entire potential customer
certain religious communities is not restricted, but in certain communities, consumption base is united by their need or want for whatever your company is selling. All of your Establishing Media Objective:-The market analysis results in an understanding of the
of alcohol and meat is prohibited. customers have some type of problem that they need your product to solve potential reach, frequency and exposure.Now, the media planner determines what they
want to achieve with this campaign. For this, they set objectives, that could be anything
Gather data about your customers
B.Sub-Culture: Each culture consists of smaller sub-cultures that provide specific identity from increasing brand awareness to generating leads
to its members. Subcultures include sub caste, religious sects (Roman Catholics, Syrian Collect information about your audience by performing market research about your
product. Use surveys, polls, focus groups and interviews to develop a database of Media Selection:-Once the objectives have been established, the next step is selecting the
Catholics, Protestant Christians, etc), geographic regions (South Indians, North Indians), channels that will be used to reach the target audience.
information about your customers that you can use to identify trends
language (Marathi, Malayali, Tamilian, Guajarati) etc. The behaviour of people belong to
Look for underserved segments Budget Allocation:-Once the channels are selected, the next step is to allocate a budget
various sub-cultures is different. Therefore, marketers may adopt multicultural marketing
for each channel. The budget is allocated to allow the marketing message to be seen by
approach, i.e., designing and marketing goods and services that cater to the tastes and When deciding how to segment your market, research new opportunities and the target audience multiple times
preferences of consumers belonging to different sub-cultures. underserved markets that could generate new business. Your segmentation strategy
should allow you to identify multiple segments based on your criteria, using a Message Development :-The message is developed keeping in mind the target audience
combination of reliable, established audience segments and new or experimental and the objectives of the campaign.The developed message is clear, concise, and
C. Social class: Consumer behaviour is determined by the social class to which they
segments. persuasive.
belong. The classification of socioeconomic groups is known as Socio-Economic
Classification (SEC). Social class is relatively a permanent and ordered division in a society Research audience behaviors Media Buying And Scheduling:- Media buying is the process of negotiating rates and
placing ads with media outlets.Once bought, media is scheduled in a way that will allow
whose members share similar value, interest and behaviour. Social class is not When preparing your segmentation strategy, you need to understand how your various the target audience to see the marketing message multiple times.The frequency is kept
determined by a single factor, such as income but it is measured as a combination of market segments make purchasing and lifestyle decisions to determine how to appeal to high enough so that the target audience can remember the message but not so high that
various factors, such as income, occupation, education, authority, power, property, those actions they get tired of seeing it.
ownership, life styles, consumption, pattern etc. Develop buyer personas Measurement And Evaluation:-Finally, the campaign is evaluated to see how effective it
was in achieving its objectives. Various metrics can be used for this purpose
Visualize your audience by creating buyer personas for each possible segment. A buyer
persona is a description of a hypothetical customer that represents a consumer audience. CPM,CPP,CPA,ROI
After considering all of the elements that influence market segmentation, create a set of
criteria that explains each segment. Write a statement directly explaining who qualifies
for each segment.
A business firm always adopts sales promotion policy so that its products are not sold less
than competitors' product in the markets. So, it becomes necessary for the firm to adopt
proper sales promotion policy to offset the effect of competitors' policy in the market, if
they try any. Hence the objective of sales promotion is to counter competitors' marketing
policy and efforts.
To stabilize the fluctuating sales pattern
The other important objective of sales promotion is to increase the total number of
customersby increasing brandawareness.