best advpromo

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Published on January 23, 2008

Author: Bernardo

Source: authorstream.com

Slide1:  Michael J. Best May 18, 2005 What is ‘Top of Mind’ Awareness:  What is ‘Top of Mind’ Awareness ‘Top of Mind’ Awareness is owning the space that your product or service occupies between your potential customer’s ears. That way, when they’re ready to buy, they think of your product first. Creating ‘Top of Mind’ Awareness:  Creating ‘Top of Mind’ Awareness Today’s Consumers Have Changed They’re skeptical They’re cautious They’re tired of selling and sales pressure They’re busy They’re confused Maintaining ‘Top of Mind’ Awareness:  Maintaining ‘Top of Mind’ Awareness Get in at the beginning of the consumer’s decision making process, when the consumer is gathering facts relating to her/his problem or need. Stay There Keep in touch through the mail, phone, email. Identify your best prospects Identifying Your Best Prospects:  Identifying Your Best Prospects Your best prospects are always: Your current best customers, and Other people that look like them. ‘Top of Mind’ Awareness (a Georgia Case):  ‘Top of Mind’ Awareness (a Georgia Case) Vidalia Onions Awareness - Recalled advertising for Vidalia Onions Yes 13.5% No 81.2% Other 5.2% Where Ad was seen TV Ad/Promotion 27.1% Newspaper Insert 26.4% In-Store Display 16.5% In-Store Feature Ad 4.3% Radio Ad 3.3% Other 13.5% Favorite Sweet Onion:  Favorite Sweet Onion America’s favorite sweet onion Vidalia 63.1% Walla Walla 6.3% Texas 1015 5.0% Maui 2.8% Other 4.5% Resulted in new tag line emphasizing “America’s Favorite Sweet Onion.” Top of Mind Perceptions:  Top of Mind Perceptions Perceptions of Vidalia Onions Sweet 30.0% Taste/flavor 17.5% Food Related 8.8% Onion Rings 7.5% Georgia 6.3% Onion Rings 3.8% Freshness 3.8% Mild 2.5% Other 20.0% Keeping Your Product in the “Top of Mind’ of Your Customers:  Keeping Your Product in the “Top of Mind’ of Your Customers Advertising – Delivers information Promotion – Involves generating consumer response Publicity – inexpensive or free advertising Advertising :  Advertising Newspaper Radio Television Direct Mail Outdoor or Billboard Internet What Advertising Can Do:  What Advertising Can Do Remind customers and prospects about the benefits of your product or service Establish and maintain your distinct identity Enhance your reputation Encourage existing customers to buy more of what you sell Attract new customers Slowly build sales to boost your bottom line Promote your business to customers, investors and others What Advertising Can’t Do:  What Advertising Can’t Do Create an instant customer base Cause an immediate sharp increase in sales Solve cash flow or profit problems Substitute for poor or indifferent customer service Sell useless or unwanted products or services Newspaper:  Newspaper Advantages Broad mkt coverage Immediate Short lead time Flexible ad size Visibility of product Color Use of coupons People believe what they read! Disadvantages Inconsistent reproduction One day life span Limited demographics “Lost in the Crowd” Lack of movement & sound Radio:  Radio Advantages Demographic selection High frequency Immediate Sound reinforcement Quick flexibility Disadvantages Restrictive message length Need for repetition Short recall factor Cluttered placement Television:  Television Advantages Use of sight, sound, motion, & color Mass coverage Immediate Demographic selection Disadvantages Short exposure Expensive production Expensive to air Cluttered placement Viewing time drops as income increases Video removed for presentation on the web. Direct Mail:  Direct Mail Advantages Demographic selection Unlimited message length Consistent reproduction Direct response by order or coupon Direct Mail:  Direct Mail Expensive Difficult to obtain “pure” mailing lists Long lead time Negative reaction to junk mail Disadvantages Outdoor:  Outdoor Advantages Reaches large audience Long-term exposure Color & graphics Forms include billboards, posters, illuminated signs, moving vehicle signs, bench ads Disadvantages Limited message length Expensive to produce & place Difficult to obtain the best locations Legal restrictions for use Examples of Advertising Costs and Exposure in Southeast Georgia:  Examples of Advertising Costs and Exposure in Southeast Georgia Reaching Consumers:  How “best” to reach consumers Newspaper Insert 30.5% In-Store Display 22.1% In-Store Promotion 15.8% TV ad/promotion 2.8% In-Store Feature AD 2.7% Radio Advertising 0.2% Other 19.4% Reaching Consumers Know Who Your Target Market Is:  Know Who Your Target Market Is Where and when does my target market look for information? What is the most effective means of reaching my target market? i.e., television, radio, print material, etc.. What type of packaging are they expecting? Promotion:  Promotion Promotional Technique Effectiveness Ratings:  Promotional Technique Effectiveness Ratings Product Promotion -- Packaging:  Product Promotion -- Packaging Have a beautiful product, including jar and label Use expensive beautiful glass Go to trade shows to show product as well as find out what the competition is doing Make your product presentation count-90%of the purchases of niche products is based on product presentation. Packaging:  Packaging First Line of Promotion is Product Packaging and is your silent salesperson Evaluate your target market and create a package that is consistent with their expectations- i,e. single jar or 3-pack, Packaging should reflect a product’s desired personality (Tennessee Toe Jam) Packaging Considerations (size, plastic glass, dressy) Selling a 8 oz. Jar of Jelly for $6.95, it needs to be packaged accordingly Packaging Examples:  Packaging Examples Hot Sauce Packaging Examples:  Hot Sauce Packaging Examples $6.95 (5 oz) $6.29 (5 oz) $7.59 (4 oz) Jams and Jelly Packaging Examples:  Jams and Jelly Packaging Examples $4.50 (16 oz) $5.25 (10 oz) $5.00 (9.9 oz) Signage Is Also Important:  Signage Is Also Important Information that should be included on your sign: Location Business hours Special Promotions Seasonal Products Other attractions Sign should reflect the stands personality Signage Examples:  Signage Examples Publicity:  Publicity Newspaper or Magazine Articles News Reports “Adding Value to Georgia’s Agricultural Economy Through Research and Extension” :  “Adding Value to Georgia’s Agricultural Economy Through Research and Extension” www.caed.uga.edu College of Agricultural & Environmental Sciences The University of Georgia

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