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Showing posts with label Consumer touchpoints. Show all posts
Showing posts with label Consumer touchpoints. Show all posts

Friday, September 18, 2009

Integrated marketing communication process

With the media getting fragmented , budgets getting squeezed , consumers getting distracted an effective way being focussed nowadays is to target consumer touchpoints .
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Involves coordinating various promotional tools ,marketing activities to form a message ,
rather than only relying on media advertising

–-Get the consumer at touchpoints
–-Avoid duplication
–-Consistent message for the product /brand
–-Maximise the ROI ,more cost effective
–-Leverage on changing environment /behavior
–-Focus on actual purchase /trials

Tools of IMC
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-Advertising
•-Direct marketing
•-Interactive/internet marketing
•-Sales promotion
•-PR
•-WOM
•-Personal selling
•-BTL
-POS

•IMC planning process

-Review of marketing plan
–-SWOT :environment/competition/TG/product/distribution/ manpower…
•-Define the product message /TG/objective
•-Understand the best mix of IMC basis the product /message /TG
•-Understand the budget
•-Develop IMC
–-Message /strategy/tools of IMC/adapting the message
•-Integrate the IMC strategy/execution
•- Monitor/evaluate & control the IMC

POS
Participants of IMC

- Advertisers
•-Agencies
•-Media companies
•-Marketing communication specialists
•-Collateral services

Process towards defining the IMC for a product
  • understand : opportunity /competition/target market-TG
  • identify target markets - segment /define the positioning /product benefits
  • product decisions- product/pricing /packaging /placement-distribution channels/promotional activities/people/processess
  • elements of IMC which maximise the consumer touch-points and enable objectives
  • monitor /evaluate /replan
•Consumer decision making process which IMC influences

•-Problem recognition need/repeat purchase/desire/greed
–-maslow’s heirarchy
–-Psychoanalalytic theory –sigmund freud
–-MR probes needs-in depth interview/FGD/associaiton tests/projecting techniques
•-Information search
•-Alternatives evaluation
•-Purchase decision
•-Post purchase evaluation –cognitive dissonance
•-Recommendation-WOM

examples abound
-Nano launch (Tata) ,Ghajini (Aamir Khan) , Virgin Airlines (Richard Branson) ,Hero Honda ( MTV roadies )

Depending on the stage of PLC of a product , IMC can work to address objectives like -
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  • awareness
  • Recall
  • Trials
  • Informative
  • Consumption
  • Repeat purchase
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