Post on 16-Jul-2015
ADVERTISING STRATEGY
PRESENTED BY : ANKIT PRASHAR (MT14IND005)
DINESH NIKAM (MT14IND013)
DEPARTMENT : MECHANICAL ENGINEERING
BRANCH : INDUSTRIAL ENGINEERING (2014-2015)
INSTITUTE NAME : VNIT ADVERISING STRATEGY
WHAT DOES ADVERTISING MEAN
Advertising simply mean a way of communication that
reaches all types of sector.
It provides information & creates awareness among people
relating to a product or service.
It attracts attention create interest develop desire &
promote action
DEFINATION
Any paid form of non-personal presentation and
promotion of ideas, goods or services by an
identified sponsor.ADVERISING STRATEGY 2
HISTORY OF ADVERTISEMENT
In 1704 the first newspaper advertisement, an announcement seeking a buyer for an oyster in Long Island Estate was published in Boston News Letter.
The first radio commercial was on August 28, 1922 in WEAF, New York for Queensboro Real Estate Corporation.
The world’s first Television Advertisement was broadcasted in July 1, 1941 by watchmaker Bulova on New York station before a baseball.
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KEY OF DEVELOPING ADVERISING PROGRAM
1. Setting Advertising Objective
2. Setting Advertising Budget
3. Developing Advertising Strategy
a) Message Decision
b) Media Decision.
4. Evaluating Advertising Campaigns
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SETTING ADVERTISING OBJECTIVE
It is a specific communication task to be accomplished
with a specific target audience during specific period of
time.
It should be based on past decision, target market
marketing mix which define the job that advertising must
do in the total marketing program.
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POSSIBLE ADVERTISING OBJECTIVE
INFORMATIVE ADVERTISING:
It tell the market about a new product, suggesting new uses for product, informing the market of a price change or explaining how product works.
PERSUASIVE ADVERTISING:
It building brand preference ,encouraging switching to your brand or changing customer’s perception of product attribute.
REMINDER ADVERTISING:
Remind the consumer that particular product will need in future & where to buy it.
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SETTING THE ADVERTISING BUDGET
Advertising budget depends upon its Stage in the
Product Life Cycle & Market Share.
Common method for setting advertising budget
are:
I. Affordable method.
II. Percentage of sale method.
III. Competitive-parity method.
IV. Objective & task method.
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DEVELOPING ADVERTISING STRATEGY
Advertising strategy has two element i.e Creating
Message & Selecting Media.
CREATING ADVERTISING MESSAGE:
Advertising can only get succeed if advertisement gain
attention & communicate well.
The first step of creating advertising message is to decide
what message has to communicate to customer.
Effective Message strategy begins with identifying
customer benefit that can be used as advertising appeals.
Advertising message may be visualization or a phrase. ADVERISING STRATEGY 8
SELECTING ADVERTISING MEDIA
The major steps in media selection are:
I. Deciding on reach, frequency & impact.
II. Choosing among major media type.
III. Selecting specific media vehicle.
IV. Deciding media timing.
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EVALUATING ADVERTISEMENT
While evaluating advertising we evaluate both the Communication effect & Sales effect.
COMMUNICATION EFFECT:
It tells weather ad communicate the message well or not.
It can be measure how the ad affect consumer recall or product awareness, knowledge & preference.
SALES EFFECT:
By measuring by what sales is caused by ad.
Sale effect of advertisement is very hard to measure because sale is affected by many factor.
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TYPES OF ADVERTISEMENT
1) Out-Door Advertisement
2) In-Door Advertisement
3) Non-Product Advertisement
4) Radio Advertisement
5) T.V Advertisement
6) Classified Advertisement
7) International Advertisement
8) National Advertisement
9) Local Advertisement
10) Online AdvertisementADVERISING STRATEGY 11
PROSS & CONS OF MEDIA TYPE
NEWS PAPER:
It has flexibility, timeliness, good local market coverage,
broad acceptability & high believability.
But it has short life, poor reproduction quality & small
pass-along audience.
TELIVISION:
It has good mass market coverage, low cost per exposure,
combine sight, sound, & motion.
But hs high absolute cost, fleeting exposure & less
audience selectivity.
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CONTINUE..
RADIO:
It has good local acceptance, high geographical &
demographic selectivity & has low cost.
But has audio only, Fleeting exposure, low attention.
MAGAZINE:
It has high geographical & demographic selectivity, high
quality reproduction, long life & good pass-along
readership.
But has long purchase lead time, high cost & no guarantee
of position.
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CONTINUE..
OUT DOOR:
It has flexibility, high repeat exposure, low cost, low
message competition & good positional selectivity.
But has little audience selectivity & creative limitation.
DIRECT MAIL:
It has high audience selectivity, flexibility & allow
personalization.
But relative high cost per exposure & problem of junk
mail.
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NEED OF ADVERTISEMENT
It enables the customer to compare a choose from the
product and the services available.
It helps to manufacturer to communicate to an audience
whether to sell a product or promote a cause of social
welfare.
Advertising stimulates increase in production and
consequently generates more employment.
Advertising is an essential and integral to the marketing
system.
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CASE STUDY
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ABOUT FEVICOL
The Fevicol story began in 1959, when the Parekh Group floted Pidilite Industries to capitalize the potential market for synthetic resin adhesive in India.
Competitors :
Araldite
Bondtide
Locite
Dendrite
Company decided to enter in to retail market with collapsible tube & with different packaging for different segment of customer.
The first product line extension was a 30 gram collapsible tube in 1970 for student, professional & educational institution.
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CONTINUE… Fevicol is marketed in 54 countries worldwide.
In India alone it is available at over 60,000 stores across the country.
Fevicol is ranked amongst the most trusted brands in India.
It was ranked No. 1 in the Household Care segment of the Most Trusted Brands in India for 2007-08 by Brand Equity
The market segment of Fevicol includes
Carpenters
Interior designers
Architects
Dealers
Household owners who influence choice of adhesiveADVERISING STRATEGY 18
ABOUT AD OF FEVICOL
One of the main reason for Fevicol’s popularity is the
creative marketing strategy created by Ogilvy & Mather.
Fevicol advertisement over the year have always been
remembered.
Ex- Right from Bob Cristo wrestling with a chair made of
Fevicol to a politician who is glued to his chair or to the
hen laid unbreakable egg, or overflowing bus which refuge
to fall apart.
Fevicol advertisement always connect people with humor.
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CONTINUE..
Connecting with carpenters:
Over the year Fevicol has introduced a series of programs for carpenters.
Fevicol introduce Fevicol Furniture Book which showcased furniture design which enlighten the carpenters on new design & also help in building awareness for the brand.
The Fevicol Champion’s club (FCC) was another initiative introduced by company. It served as platform for carpenters to increase their social interaction.
Company start sponsoring activities to build relation with families of the carpenters.
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CONTINUE..
Connecting people with humour:
The creative strategy that Oglivy & Mather has employed
for Fevicol is “to make bonding a fevicol attribute” & its
advertising has used humour to convey this meaning.
Catch phrases from popular Fevicol TV adds like “Dum
laga kar haisa Zor laga kar haisya”, “Fevicol ka majboot
jodh hai tooteganahi” and “Pakade rehna chhodana nahi”
all this has humour in background.
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ADVERTISING BY FEVICOL OVER THE YEAR
Dum laga ke haisha ad (1989).
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CONTINUE..
Hen laying unbreakable eggs (1998).
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CONTINUE..
Man’s shadow refusing to follow him as it gets
stuck to a Fevicol logo.(2000)
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CONTINUE..
Ad on Kashmir issue(2010).
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ADVERTISING STRATEGIES OF FEVICOL
HUMOROUS
MEMORABLE
ENTERTAINING
CONECTION WITH COUNTRY
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HINDU MYTHOLOGY
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INDIAN CULTURE
Fevicol - Joint Family - TVCs.mp4
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POLITICS
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CRICKET
“ Cricket hi to hai desh ka Fevicol ”
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POPULATION
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BOLLYWOOD
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LOVE
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ON COMPLETION 50 YEARS
Funny Memorable Moochwali Fevicol Ad.mp4
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PRODUCT EXTENTION
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FINDINGS
High recall value of Fevicol reflects that the advertising
expense made by organization has will covered human
mind space.
Excellent advertising strategies of fevicol made the brand
as most recognizable brand.
54% of the customer make their purchase decisions on the
basis of advertisements.
Advertising helps at large extent in influencing the
prospect for generating first purchase of product.
In Ads of Fevicol the natural activities are linked with
unnatural sequences, that lead to have word-of-mouth-
marketing of product and a remarkable amount of sales is
generated through this.
ADVERISING STRATEGY 36
SUGESSTIONS
Fevicol is known to make advertisements and ad
campaigns that are grounded and which depict India’s true
essence through simple ideas. The recent advertisements
of Fevicol Marine and Raksha Bandhan have failed to
accomplish this.
Wishing Happy Raksha Bandhan in Fevicol Style!.mp4
According to us, they should stick to the formula that has
worked well for them for over the years. which is humor
and simplicity, unless they have something revolutionary.ADVERISING STRATEGY 37
The brand has done exceptionally well in all spheres, such as, brand
activation, television commercials, CSR activities and has had brilliant
marketing strategies.
Their presence in print has been comparatively less. Their print
ads have been remarkable nonetheless. The earlier ads (India map and
Tree ads) had a mass appeal but the newer ones (Magnets and Cut
Copy ads) although extremely witty fail to be understood by the not
so educated consumers in the country,
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REFRANCE
Kotler, Philip, Keller, Kevin Lane, Koshy, Abrahan, & Jha,
Mithileshwar. (2009). Marketing Management (13th ed.).
Dorling Kindersley: pearson education in south Asia.
< http://www.academia.edu/8267158/Fevicol_Final >
< http://www.slideshare.net/imransayed14/measuring-
effectiveness-of-fevicol-advertisements >
< https://www.youtube.com/watch?v=0CokBVtn73o >
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THANK YOU
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