BIMS Marketing Unit 1
BIMS Marketing Unit 1
BIMS Marketing Unit 1
1. Advertising: Run TV, radio, and online ads highlighting the smartphone's features
and benefits.
2. Public Relations: Issue press releases about the smartphone's launch, organize
press conferences, and seek media coverage in tech blogs and magazines.
3. Direct Marketing: Send targeted emails to potential customers offering exclusive
deals or discounts on pre-orders.
4. Sales Promotion: Offer limited-time discounts or bundles for customers purchasing
the smartphone during the launch period.
5. Digital Marketing: Utilize social media platforms to engage with potential
customers, share product videos, and run targeted ads based on demographics and
interests.
The AIDA model is a classic marketing framework that outlines the stages a
consumer goes through when making a purchasing decision. It stands for:
1. Attention: Attracting the consumer's attention to the product or service through
compelling advertising, promotions, or other marketing efforts.
2. Interest: Once attention is captured, generating interest by highlighting the
benefits and features of the product or service to stimulate curiosity and desire.
3. Desire: Creating a desire or emotional connection with the product or service by
demonstrating its value, solving a problem, or fulfilling a need.
4. Action: Encouraging the consumer to take action, such as making a purchase,
signing up for a newsletter, or requesting more information.
The AIDA model helps marketers understand and design their communication
strategies to guide consumers through each stage of the purchasing process
effectively.
Goals of AIDA model
1. Capture Attention: Attract the attention of potential customers to the product or
service through impactful advertising or marketing efforts.
2. Generate Interest: Stimulate interest in the product or service by highlighting its
features, benefits, and unique selling propositions to create curiosity and
engagement.
3. Create Desire: Foster desire or emotional connection with the product or service
by demonstrating its value, relevance, and ability to meet the consumer's needs or
desires.
4. Prompt Action: Encourage the consumer to take action, such as making a
purchase, signing up for a trial, or contacting the company, ultimately leading to
conversion and sales.
5. Build Awareness: Increase brand awareness and recognition among the target
audience by capturing their attention and making them aware of the product or
service existence.
6. Establish Brand Preference: Influence consumer perceptions and preferences by
positioning the product or service favorably against competitors, thus encouraging
them to choose it over alternatives.
7. Educate Consumers: Provide relevant information and educate consumers about
the product or service, its features, benefits, and how it addresses their needs or
solves their problems.
8. Foster Engagement: Encourage interaction and engagement with the brand or
product, whether through social media, website visits, or other forms of
communication, to deepen the relationship with the consumer.
9. Drive Conversion: Ultimately, the overarching goal of the AIDA model is to drive
conversions and sales by guiding consumers through the sequential stages of
attention, interest, desire, and action, leading to a purchase decision.
By effectively achieving these goals, companies can create successful marketing
campaigns that result in increased brand awareness, customer engagement, and
ultimately, improved sales and revenue.
DAGMAR :-
DAGMAR stands for "Defining Advertising Goals for Measured Advertising
Results." It's a marketing model that emphasizes setting clear and measurable
objectives for advertising campaigns to ensure effectiveness and accountability.
Developed by Russell Colley in the late 1950s, it focuses on moving consumers
through a series of stages: awareness, comprehension, conviction, and action.
DAGMAR in setting objectives
In setting objectives using the DAGMAR approach, it's crucial to ensure they are
Specific, Measurable, Achievable, Relevant, and Time-bound (SMART). This
means defining clear and measurable goals that align with the stages of the
consumer decision-making process outlined in DAGMAR: awareness,
comprehension, conviction, and action. By establishing objectives that are specific
and measurable, marketers can better evaluate the effectiveness of their advertising
efforts and make data-driven decisions to optimize their campaigns.
1. Define specific objectives: Clearly articulate what you want to achieve with your
advertising campaign, whether it's increasing brand awareness, improving brand
comprehension, building conviction, or driving specific actions like purchases or
sign-ups.
2. Ensure measurability: Establish metrics that allow you to quantitatively assess
the progress and success of your objectives. This could include metrics like reach,
impressions, click-through rates, conversion rates, or sales figures.
3. Focus on attainability: Set goals that are realistically achievable based on your
resources, market conditions, and the nature of your product or service. Unrealistic
objectives can lead to frustration and demotivation.
4. Relevance to business goals: Ensure that your objectives align with your broader
business goals and marketing strategy. Each objective should contribute to the
overall success of the business and be relevant to your target audience and market.
5. Set a timeframe: Establish a timeline for achieving your objectives to create a
sense of urgency and accountability. This could be short-term objectives for
immediate impact or long-term objectives for sustained growth.
6. Monitor and adjust: Continuously monitor the performance of your advertising
campaigns against the established objectives. Analyze the data, identify areas for
improvement, and be prepared to adjust your strategies and tactics as needed to
optimize results.
By following these points, you can effectively apply the DAGMAR approach to set
objectives that drive the success of your advertising campaigns.
Elements of IMC
Integrated Marketing Communications (IMC) involves coordinating and
integrating various marketing communication elements to deliver a consistent and
unified message to target audiences. Here are the key elements of IMC:
1. Truthfulness and Transparency: Advertisers should ensure that their ads are
truthful, accurate, and not misleading. Disclosures should be clear and
conspicuous, especially when presenting potentially deceptive claims.
2. Respect for Consumer Autonomy: Advertisers should respect consumers' ability
to make informed choices by avoiding manipulative tactics or exploiting
vulnerabilities.
3. Social Responsibility: Advertisers should consider the potential impact of their
ads on society, including cultural sensitivities, diversity, and promoting positive
social values.
4. Privacy and Data Protection: Advertisers must handle consumer data ethically,
respecting privacy rights and complying with relevant regulations such as GDPR
or CCPA.
5. Honesty in Product Representation: Advertisers should accurately represent
products or services, avoiding exaggeration or misrepresentation to drive sales.
6. Fair Competition: Advertisers should compete fairly, refraining from false
comparisons or disparaging competitors.
7. Avoidance of Harm: Advertisers should avoid creating ads that could cause harm
or offense, particularly to vulnerable groups such as children or marginalized
communities.
8. Environmental Responsibility: Advertisers should consider the environmental
impact of their advertising practices, promoting sustainability and responsible
consumption.
These principles guide ethical advertising practices and help maintain trust
between advertisers and consumers. Adherence to ethical standards is essential for
building long-term relationships and safeguarding brand reputation.