An advertising management program is the process of preparing and integrating a company's advertising efforts with the overall IMC message.
An effective program consists of four activities that combine to form the advertising management process:
Whenever possible, a client company's leaders should visit the advertising agency's office as part of the evaluation process. Agencies often use company executives, such as presidents or vice-presidents, termed heavy hitters by industry insiders, to win contracts, but then turn the account over to other individuals in the agency after signing the deal.
An effective program consists of four activities that combine to form the advertising management process:
Consistency |
- Review the company's activities in the light of advertising management
- Select an in-house or external advertising agency
- Develop an advertising campaign management strategy
- Complete a creative brief
Advertising and the IMC Process
Advertising is a major component of integrated marketing communications. It is also the part of the "traditional" promotions mix of advertising, consumer and trade promotions, and personal selling. The role advertising plays varies by company, product and the firm's marketing goals.
In both business-to-business and consumer promotions, the key to using advertising effectively is to see advertising as one of the "spokes" in the "wheel" of the promotional effort.
Choosing an Advertising Agency
In-house advertising group vs an external advertising agency |
Advantages of In-house department :
- Internal organization members have a better understanding of the company's mission and message
- Managers of these firms believe they can develop effective advertising programs through outsourcing some of the functions and by hiring a few key advertising and marketing experts
- The company can go "stale" and fail to identify other promotional or advertising opportunities
- An internal department may also lack expertise to carry out all of the necessary functions
- In the global arena, internal members of the firm may lack the necessary understanding of language, customs, and buyer behaviors in international target markets
- Size of the account
- Amount of the money that can be spent on the media buys
- Objectivity
- Complexity of the product
- Creativity
All types and sizes of advertising agencies exist. At one end of the spectrum are the highly specialized boutique-type agencies offering only one specialized service.
At the other end of the spectrum are the full-service agencies that provide all types of advertising and promotion activities.
In addition to advertising agencies, there are other closely associated types of firm. They are:
- Media service companies
- Direct-marketing agencies
- Companies focusing on consumer promotions, trade promotions, or both
- Public relations firms
Choosing an external advertising agency
Steps in selecting an advertising agency |
List of awards as a means for judging an agency's creativity |
Evaluation criteria in choosing an advertising agency:
- Size of the agency
- Relevant experience of the agency
- Conflicts of interest
- Creative reputation and capabilities
- Production capabilities
- Media purchasing capabilities
- Other services available
- Client retention rates
- Personal chemistry
Pitching Do's and Don'ts |
Advertising Planning and Research
Research steps |
Advertising Campaign Management
1.
Review the communication market analysis – For the purpose of
advertising , two important items are outlined as part of the communication
market analysis:
a.
The media usage habits in the target market
b. The
media used by the competition
2. Establish
advertising objectives consistent with the communication objectives developed
in the promotion opportunity analysis program – Some of the
advertising goals can be –
a. To
build brand image
b. To
inform
c. To
support other marketing efforts
d. To
encourage action
3.
Review the advertising budget – Three basic
tactics used for usage of funds are:
a. Pulsating
schedule – It involves continuous advertising with bursts of higher
intensity (more ads in more media) during the course of the year, most notably
during peak seasons.
b. Flighting
schedule – Ads are presented only during peak seasons, and not at all during
off seasons.
c. Continuous
schedule – Advertising in level amounts, particularly when a product
purchase is a “random event”.
4. Select
the media in conjunction with the advertising agency
5. Prepare
a creative brief – The basic components of a creative brief are –
a.
The objective
b. The
target audience
c.
The message theme
d. The
support
e. The constraintsAgency Compensation
The following methods of compensation can be used :
- Commissions from Media
- Fee agreement - Fixed -fee method or fee-commission combination
- Cost Plus Agreement
- Incentive-Based Compensation
- Percentage Charges
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