Market Integration
Market Integration
Market Integration
• Brand communication goes a long way in promoting products and services among
target consumers. The process involves identifying individuals who are best suited
to the purchase of products or services (also called target consumers) and
promoting the brand among them through any one of the following means
Advertising
Sales Promotion
Public Relation
Direct Marketing
Personal Selling
Social media
various components of Integrated Marketing Communication:
• The Foundation - As the name suggests, foundation stage involves detailed analysis of
both the product as well as target market. It is essential for marketers to understand the
brand, its offerings and end-users. You need to know the needs, attitudes and
expectations of the target customers. Keep a close watch on competitor’s activities.
• The Corporate Culture - The features of products and services ought to be in line with
the work culture of the organization. Every organization has a vision and it’s important for
the marketers to keep in mind the same before designing products and services. Let us
understand it with the help of an example.
• Organization A‘s vision is to promote green and clean world. Naturally its products need to
be eco friendly and biodegradable, in lines with the vision of the organization .
• Brand Focus - Brand Focus represents the corporate identity of the brand.
.
Integrated marketing communication enables all aspects of marketing mix to work together in
harmony to promote a particular product or service effectively among end-users
Overview of Eight Steps to Effective Communication
Advertising
Public, pervasive, expressive, impersonal
Sales promotion
Communication, incentive, invitation
Personal Selling
Personal confrontation,
cultivation, response
Direct Marketing
Nonpublic, customized,
up-to-date, interactive
Promotional Mix
• Personal Selling
• Telemarketing
• Advertising
• Publicity
• Sales Promotions
Evaluating Promotional Activities
• Reach (Coverage)
– How much of the intended audience do you reach?
• Effectiveness
– How effectively do you communicate with the audience that you
reach?
– Frequency: How often do you reach audience members?
– Impact: How effective is each message?
• Personal Selling
• Advertising
– Less effective than PS or TM
– But, Cheaper than either
– Offers a way to reach a large number of potential
customers in a very short period of time
– Primary means of promoting to customers who do
not spend enough to justify PS or TM
– Should be used to create brand awareness and
educate customers of product features/benefits
Publicity
• Publicity
– Less effective than advertising because it offers limited
control of the message, timing and the media
– cannot be used to send a repetitive message
– But, Cheaper than advertising
– Often more credible to buyers
– Most useful in establishing credibility for providers of
professional services
– Can be used as a low cost alternative to advertising
Sales Promotions
• Sales Promotions
– Good short term competitive tactic
– Help clear slow-moving or seasonal inventory
– Help generate quick cash flow, if required
– SP such as “Sweepstakes” or “Contests” can be
used to add excitement to advertising
– Not much value in terms of communication
– Do not build a long term image for the brand
Push vs. Pull Strategies
• Push Strategy
– Spending major part of promotional expenses on
distributors and retailers
• Pull Strategy
– Spending major part of promotional expenses on
the consumer
A comparison of push and pull promotional strategies
A. Push strategy B. Pull strategy
Manufacturer Manufacturer
Flow of
promotion;
Flow of mainly Flow of
demand personal demand
stimulation selling stimulation Flow of
directed to promotion;
intermediaries mainly
Wholesaler Wholesaler advertising
directed to
consumers
Retailer Retailer
Consumer Consumer
Promotion Objectives
• Communication Objectives
– To inform
– To remind
– To persuade
• Behavior Objectives
– To sell
– To take some action
Setting Advertising Budgets
• Percent of Sales
What is the percent of present or forecasted sales?
• Competitive Parity
Are we in line with our competition?
• Affordable Method
What can we afford to spend on advertising this year?
• Objective and Task
Message Decisions
• Message Execution
Theme and types of messages
• Message Structure
One-sided vs. two-sided, types of arguments
• Message Generation
Creative process of developing different message
ideas
The language of the media buyer
Blitzing
Pulse (“burst”) Schedule
-- Steady and flighting schedules are combined
Benefits of IMC
Although Integrated Marketing Communications requires a lot of effort it delivers
many benefits. It can create competitive advantage, boost sales and profits, while
saving money, time and stress.
• IMC wraps communications around customers and helps them move through the
various stages of the buying process. The organisation simultaneously consolidates
its image, develops a dialogue and nurtures its relationship with customers.
• This 'Relationship Marketing' cements a bond of loyalty with customers which can
protect them from the inevitable onslaught of competition. The ability to keep a
customer for life is a powerful competitive advantage.
• IMC also increases profits through increased effectiveness. At its most basic level, a
unified message has more impact than a disjointed myriad of messages. In a busy
world, a consistent, consolidated and crystal clear message has a better chance of
cutting through the 'noise' of over five hundred commercial messages which
bombard customers each and every day.
Benefits of IMC
• At another level, initial research suggests that images shared in advertising
and direct mail boost both advertising awareness and mail shot responses.
So IMC can boost sales by stretching messages across several
communications tools to create more avenues for customers to become
aware, aroused, and ultimately, to make a purchase
• IMC also makes messages more consistent and therefore more credible.
This reduces risk in the mind of the buyer which, in turn, shortens the
search process and helps to dictate the outcome of brand comparisons.
Benefits of IMC
• Un-integrated communications send disjointed messages which dilute the
impact of the message. This may also confuse, frustrate and arouse
anxiety in customers. On the other hand, integrated communications
present a reassuring sense of order.
• Consistent images and relevant, useful, messages help nurture long term
relationships with customers. Here, customer databases can identify
precisely which customers need what information when... and throughout
their whole buying life.