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have we become more resistant to advertising?
yes
What gives us the power to avoid advertising?
new techbology
What are the trends influencing IBP?
trend 1: consumer control
trend 2: media ownership
trend 3: more media options
trend 4: crowdsourcing
trend 5:mobile marketing
trend 1: consumer control
consumers now have more co
trend 2: media ownership
media owned by fewer companies
-disney, clear channel, new corp, aol/tw, viacom
trend 3: more media options
means more fragmentation and more IBP tactics
trend 4: crowdsourcing
lets consumers contribute to the brand
trend 5: mobile marketing
can reach consumers everywhere
Tactics
• location-based
advertising
• sponsoring apps
• short message service
• PUSH notifications
‣ Major growth
• ~$40 to 120 billion in
2017!!
Structure of the ADV & IBP Industry
advertisers→agencies→external facilitators→media→audience
who are the advertisers? (CLIENTS)
Manufacturer
& Service
firms- MAKE PRODUCTS (APPLE)
‣ Retailers &
Wholesalers- BUY AND SELL PRODUCTS (BEST BUY)
Government- SPENDS 2B A YEAR
‣ Social
Organizations- SUPPORT CAUSES AND IDEAS (WWF)
ANYONE USING ADV/IBP TO COMMUNICATE ABOUT THEIR BRAND
who are the agencies?
ad agencies
promotion agencies
who are the external facilitators?
ad research firms
production firms
consultants
software firms
who are the media?
broadcast
internet portals
interactive
support
conglomerate
the audience is
YOU
example: of the structure of IBP and ADV industry
pepsi→the richards group→simmons market research→comedy central→you
WHAT SHOULD ADVERTISERS KNOW TO WORK WITH AGENCIES?
value, competition, objectives, audience, logistics, marketing
what is value?
understand brand’s key value
what is competition
should understand their brand’s market positon
objectives?
understand the short-and long-term obj
audience
should understand target audience
logistics
how they for their product to the audience
marketing
how ADV AND IBP fir into the bigger picture
adv agency
an org of professionals who provide creative and business services to clients in preparing, planning, and placing ads
promotion agency
an org of professionals who provide creative and business services to clients in preparing, planning, and placing IBP tactics
agencies
come in all shapes and sizes; offer diff levels of expertise
what are the type of ad agencies
full service, creative boutiques, digital interactive, in house, media specialists
what is a full service agency
meets all promotional needs of client
creative boutique
creative concept development and services – idea factories
digital/interactive
web based marketing
in-house
adv and ibp in a compaby (revlon)
media specialist
specialize in media strategy and buying
promotion agencies?
5 types
direct marketing, sales promotion, event planning, design, pr
what is direct marketing?
maintain and manage databases of mailing list
sales promotion?
design and implement sales promotions
event planning
organize, implement, and promote events
design
specialize in design an graphic (logos, packaging, etc)
PR
manage relationships with a brand’s public
what are some IBP professions
account planner
media buyer
creative director
copywriter
event planner
graphic designer
pr specialist
social media expert
web developer
what are external facilitatoers
provide specialized services to advertisers and agencies
What are the types of external facilitators
research, consultants, production, software
what is reasearch?
provide, collect, and analyze relevant data
consultants
specialise in different aspects of IBP- media, creatice, etc
production
broadcast, camera, lighting, songwriting, facilities, etc.
software
provide specialized software to gather and analyze data
what are the benefits of crowdsourcing?
New ideas
‣ Cheap ideas
‣ Unconventional ideas
‣ Connecting with new talent
‣ Empowering new talent via
professional development and money
risks of crowdsourcing
Exploiting labor
‣ Driving prices down
‣ Eroding connections with
agencies that are invested in your
brand
‣ Losing site of the bigger picture
(the brand image)
‣ Message inconsistency
to “crowdsource” the creation of a
new advertising campaign
advertising is the result of 4 major factors
the emergence of capitalist economic systems
the industrial revolution
the emergence of modern branding
the rise of modern mass media
the emergence of capitalist economic systems
competition(to compete they must earn capital)→must increase demand (must be desired)→how?(need tools to stimulate demand)→advertising
the industrial revolution
mass produced goods (floods the market place, more jobs = more consuming)-→transport→urbanization→advertising (can be produced, delivered, and consumer more efficiebtky)
the emergencde of modern branding?
Manufacturers must
distinguish their products
via branding
• Brands demand higher
prices
• Brands give
manufacturers power
over retailers
rise of modern mass media
mass-circulation→branding(scale up and become national brands)→ adv (now on a national scale- supports mass-media)
the eras of adv
industrilization, PT barnum, 1920s, deppression, WW2 1950S, CREATIVE REV, 1970S, DESIGNER ERA, E-REV, CONSUMER EMPOWERMENT
PT Barnum Era
1875-1918
‣ Consumer culture is born
• branding and advertising
become routine; a fixture of
the culture
‣ “There’s a sucker born every
minute.”
• and ads can prey on them
Barnum-era ad characteristics
A. hyperbole
B. lots of copy
C. lack of real-world
context
D. little color
E. All of the above
1920s
modernity creates a cycle that sustains advertising
THE NEW
SOCIETY SHIFTS
toward
prosperity,
openness,
consumption,
and pleasure
‣ Advertising
feeds off this
shift; instructs
people how to
be modern
RISKS
advertising
highlights the
risks of modern
life and
remedies in the
form of
products
‣ A cycle of
consumption
and the need
for more ADV