What is the communications mix, how should it be set

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What is the Communications Mix, How Should it be set?

Transcript of What is the communications mix, how should it be set

Page 1: What is the communications mix, how should it be set

What is the

Communications Mix,

How Should it be

set?

Page 2: What is the communications mix, how should it be set

Marketing Mix

Technology and other factors have

profoundly changed the way

consumers process communication.

Page 3: What is the communications mix, how should it be set

• Pervasive: It can have an

unwelcome influence on

people.

• Expressiveness: provides

opportunities for

dramatizing

• Control: Specific aspects

can be focussed

Page 4: What is the communications mix, how should it be set

S• Attention-getting

• Provides Incentive

• Provides a distinct

Invitation to

Customers

Page 5: What is the communications mix, how should it be set

3.Public Relations• More Credible

than Ads

• Ability to reach

hard-to-find buyers

• Can Dramatize the

company

Page 6: What is the communications mix, how should it be set

4.Events and

Experiences• Engaging

• Relevant

• Implicit :They are

“Soft Selling” ways

Page 7: What is the communications mix, how should it be set

5.Direct and

Interactive Marketing• Customized

• Up-to-date: A custom

message can be prepared

in 5 minutes

• Interactive: The message

can be changed

depending on customer

response

Page 8: What is the communications mix, how should it be set

• Influential

• Personal

• Timely :Occurs

when people are

most Interested

Page 9: What is the communications mix, how should it be set

• Interactive

• Cultivation: Permits all

kinds of Relationships

• Responsive

Page 10: What is the communications mix, how should it be set

Companies must

allocate the marketing

communications

budget over the Seven

major modes of

Communication.

Page 11: What is the communications mix, how should it be set

Consumer Marketers tend to

spend more on Sales

Promotion and Advertising.

Business Marketers spend

more on Personal Selling.

Page 12: What is the communications mix, how should it be set

Communication tools

vary in cost-effectiveness

at different Stages of

Buyer Readiness

Page 13: What is the communications mix, how should it be set

Cost Effectiveness of Communication

Tools at Different-Buyer-Stages

Page 14: What is the communications mix, how should it be set

Communication Tools used

in Different Stages • Introduction Stage: Advertising,

Events and Experiences

• Growth Stage: Word-of-mouth, Sales

Promotion and Direct Marketing

• Maturity Stage : Advertising, Events

and Experiences and Personal Selling

• Decline Stage: Sales Promotion

Page 15: What is the communications mix, how should it be set
Page 16: What is the communications mix, how should it be set

Disclaimer:

These slides were created by

PreethamV Raikar, IIT Madras

during a Marketing internship by

Prof. Sameer Mathur, IIM Lucknow

(See www.IIMInternship.com )