Mastering Advertising: Definitions, Objectives, and Media Strategies
Understanding Advertising: Core Concepts
According to William J. Stanton, “Advertising consists of all activities involved in presenting to an audience a non-personal, sponsor-identified, paid message about a product or organization.”
The American Marketing Association defines advertising as “any paid form of non-personal presentation and promotion of ideas, goods, and services by an identified sponsor.”
Advertising is used for communicating business information to present and prospective customers. It usually provides information about the advertising firm, its product qualities, and the place of availability of its products. Advertisement is indispensable for both sellers and buyers.
Key Features of Advertising
- Communication
- Information Dissemination
- Persuasion
- Profit Maximization
- Non-Personal Presentation
- Identified Sponsor
- Consumer Choice
- Art, Science, and Profession
Objectives of Advertising
- To introduce a new product by creating interest for it among prospective customers.
- To support personal selling programs, often by opening customers’ doors for salespeople.
- To reach people inaccessible to salespeople.
- To enter a new market or attract a new group of customers.
- To fight competition in the market and to increase sales, especially in fierce competitive environments.
- To enhance goodwill for the brand or company.
Benefits of Advertising
Advertising offers significant benefits to various stakeholders:
- Manufacturers: Helps in product launch, sales growth, and brand building.
- Customers: Provides information for informed purchasing decisions.
- Wholesalers: Facilitates product movement and demand generation.
- Community or Society: Can inform about social causes and promote economic activity.
Crafting Effective Advertising Copy
An advertising copy is the means by which the advertiser’s ideas are given expression in a message to readers. Regardless of its length and brevity, copy refers to all the reading matters of an advertisement, including the headline, sub-headlines, text or body, and the name of the firm or its standard initials. A good copy conforms to specific requisites.
A copywriter must take pains in making up a sound advertisement copy containing its various components, such as headlines, sub-headlines, illustrations, etc. The following are the main components of an advertisement copy:
- Headlines
- Sub-headlines
- Text (Body Copy)
- Captions
- Illustrations
- Brand Name / Initials
An advertising copy refers to the written matter in any advertisement. It may consist of only one word or many words. The copy supports the illustration and contains descriptions of the product’s merits, demerits, uses, and services.
Key Elements of an Advertisement Copy
- Background
- Border
- Coupon
- Decoration
- Heading
- Illustration
- Price
- Product Information
- Subheading
- Text
- Copyright / Trademark
Selecting the Right Advertising Media
Selecting the right type of advertising media is a difficult task. Any media chosen must be capable of accomplishing at least three main objectives:
- It must reach the largest number of people possible.
- It must attract their attention.
- It must be economical.
Factors Influencing Media Selection
- The Nature of the Product
- Market Requirements
- Advertising Objectives
- Distribution Strategy
- Nature of the Message and Appeal
- Budget
- Competitors’ Choices
- Media Circulation
- Media Availability
- Size and Nature of the Business Enterprise
Types of Advertising Media Channels
Print Media
- Newspapers
- Magazines and Journals (e.g., Women & Children magazines, Trade Journals)
Outdoor Advertising
- Billboards
- Vehicular Advertising
- Electric Displays
- Neon Signs
- Sky Advertising
Other Media
- Direct Mail Advertising
- Radio
- Television
The Role of Advertising Agencies
Advertising agencies carry out activities on behalf of their clients for remuneration (fees). They conduct market research, consumer research, product research, etc. They advise manufacturers on product design, package design, product pricing, and distribution channels. Additionally, they provide advice on market conditions from time to time.
Definition of an Advertising Agency
The American Association of Advertising Agencies (AAAA) defines an advertising agency as: “An independent business organization, composed of creative and business people, who develop, prepare, and place advertisements in advertising media for sellers seeking to find customers for their goods and services.”
Functions of an Advertising Agency
- Selection of Clients
- Media Selection
- Advertising Planning
- Creative Function
- Research Function
- Client Approval Management
- Marketing Function
- Evaluation Function
- Coordination Function
Criteria for Selecting an Advertising Agency
- Suitability of Services
- Facilities and Services Provided
- Imagination and Creativity
- Past Record and Success Stories
- Reputation
- Management Expertise
- Rates Charged
- Size of the Agency
Advertising Budget Considerations
An effective advertising budget is crucial for campaign success. Key considerations include:
- Overall marketing objectives
- Target audience and reach
- Media costs
- Competitive spending
- Desired frequency and impact
- Return on Investment (ROI) expectations
Advertising Strategies and Appeals
- Appeal to Emotion
- Fear-based Messaging
- Coolness Factor / Trendiness
- Family-oriented Themes
- Celebrity Endorsements
- Togetherness / Community Appeals
- Bandwagon Effect
- Competitive Messaging (e.g., comparing to rivals)
- Pricing Strategies (e.g., value, luxury)