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What is Advertising?. Advertising Criteria. Advertising Purpose. Inform your customers about your product Persuade customers them to buy and create a demand. To remind customers of the company . Three criteria must be met. Must be paid for Delivered to audience by mass media
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What is Advertising? Advertising Criteria Advertising Purpose Inform your customers about your product Persuade customers them to buy and create a demand. To remind customers of the company • Three criteria must be met. • Must be paid for • Delivered to audience by mass media • Must persuade the audience to action
Advertising Advantages? • Everyone is provided with information • Ads help you to make wise decisions. • Reduces search time to a product- familiar already • Provides us with knowledge • Provides us with lower prices • Spend less time shopping
History of Advertising http://www.melcarson.com/history-advertising-timeline-video.html
Environmental influences • Business want to present themselves as good stewards of the environment. • Disposing of waste responsibly • Environmentally friendly products • Using sustainable energy sources http://www.youtube.com/watch?v=hoOfIR4Vk1o
Social and Political Influences Two goals of ads • Selling a product • Maintaining a good public image • Social responsibility- a business should contribute to the welfare of society • Political Ads • Is not regulated and influences consumer opinion • http://www.youtube.com/watch?v=WLRudB3Plng http://www.youtube.com/watch?v=O0RN97e14hk
Trade Groups • Industry trade groups- trade association • Responsible for public relations such ad advertising, education, political donation, lobbying and publishing • Collaborate between companies to develop industry standards • Improve the industry image • Shape and opinion(domestic violence, smoking, drinking and driving) • http://www.youtube.com/watch?v=miqGOGv7QPs • http://www.youtube.com/watch?v=SDCPbUMRCXM
Consumer influences • Consumer behavior • Everything that affects you as a person. • Each person has their own experience that shapes us. • Functional – makes things easy to use . Benefits are the same to everyone • Emotional- things that make you feel proud or satisfied
Consumer Motivation • How do we evaluate motivation behind purchases: • Direction-( what they want) • Intensity – (How much they want it)
Advertising Industry Product Advertising • Uses rational argument to communicate why consumers need a specific product • highlighting the benefits & features
Corporate Advertising • Institutional Advertising • Enhance the company's reputation or build goodwill. • Doesn’t promote a product but a positive attitude toward the company
Brand Advertising • Brand - Combination of the comply, product or product line. (include name, logo, slogan) • Build an image based on the set of values help by the company