Advertising Strategy Essay 5 - 3686 Words

An advertising strategy is a campaign developed to communicate ideas about products and services to potential consumers in the hopes of convincing them to buy those products and services. This strategy, when built in a rational and intelligent manner, will reflect other business considerations (overall budget, brand recognition efforts) and objectives (public image enhancement, market share growth) as well. As Portable MBA in Marketing authors Alexander Hiam and Charles D. Schewe stated, a businesss advertising strategy determines the character of the companys public face. Even though a small business has limited capital and is unable to devote as much money to advertising as a large corporation, it can still develop a highly effective†¦show more content†¦Demographics—Age, gender, job, income, ethnicity, and hobbies. 2. Behaviors—When considering the consumers behavior an advertiser needs to examine the consumers awareness of the business and its competition, the type of vendors and services the consumer currently uses, and the types of appeals that are likely to convince the consumer to give the advertisers product or service a chance. 3. Needs and Desires—Here an advertiser must determine the consumer needs—both in practical terms and in terms of self-image, etc.—and the kind of pitch/message that will convince the consumer that the advertisers services or products can fulfill those needs. PRODUCT CONCEPT The product concept grows out of the guidelines established in the positioning statement. How the product is positioned within the market will dictate the kind of values the product represents, and thus how the target consumer will receive that product. Therefore, it is important to remember that no product is just itself, but, as Courtland L. Bovee and William F. Arens stated in Contemporary Advertising, a bundle of values that the consumer needs to be able to identify with. Whether couched in presentations that emphasize sex, humor, romance, science, masculinity, or femininity, the consumer must be able to believe in the products representation. COMMUNICATION MEDIA The communication media is the means by which the advertising message is transmitted to theShow MoreRelatedFully Explain How Advertising Can Affect Profits in Competitive and Non-Competitive Markets1158 Words   |  5 PagesThis essay is going to examine how advertising strategies used in different market structures affects profits of the firms. This essay is being written based on Advertising, an article by Geoff Stewart, in which he examines â€Å"how do firms determine their advertising strategy†. 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