2 18k3bbabb2 2020101609535676
2 18k3bbabb2 2020101609535676
2 18k3bbabb2 2020101609535676
THANJAVUR
DEPARTMENT OF BUSINESS ADMINISTRATION
The word Advertising is derived from the Latin word “adverto” “ad” meaning “to turn”.
French “advertir” mean to inform.
Advertising is any paid form of non-personal presentation of ideas, goods and services
by an identified sponsor. – Philip Kotler
Characteristics of Advertising
• Method of promotion
• Paid mass communication
• Form of publicity
• Salesmanship in writing
• Mass – non-personal communication
• Sponsor of advertisement is known
• It influence buying behavior
• It guides buyer to purchase
• It persuades buyer
Advertising is the art of promoting yourself through different media. In the complex
environment where everything is getting changed and being systematic, the advertisement is
also being converted into a whole subject.
There are many things to know on this subject. Just like the 4 P’s of Marketing Mix, there are
five M’s of advertisement to understand the whole concept of advertisement.
5 M’S of Advertising
Mission: what are the objectives of the advertising campaign?
Money: how much budget they required to achieve the objectives?
Message: what message and message strategy will be followed?
Third M in the advertisement is the Message. The message is that idea, information,
literature, and theme you want to communicate to your target customer. The message will be
decided according to the target customer because you will definitely only transfer important
information to your target audience but a trash. The important thing to note here is that the
message will be changed when you will change the source of advertisement.
It means that selection of media will define the message because you cannot run a p icture
message on Radio.
Media
Definitely selection of media is the most important component in the advertisement. There
are so many media available for advertisement but selection is at the same time so much
more critical.
The decision of media selection depends on the target market because the organization will
first analyze how its target market gets information about organization whether they are
connected to the internet or through traditional media like the newspaper.
Use of media is also critical because of the money budget ant time budget. Different media
charge different cost in different time.
It is promotional manager’s duty to study that which time is effective with which media.
Measurement
Same like Marketing strategy, evaluation and measurement is an essential step to ending
advertisement strategy.
Without evaluation how you can identify that you achieve your objectives?
Same in the case of the advertisement, you have to measure your advertising strategy that
either you get the same return or not.
Again measurement depends on media selection. Every media has its own measurement
techniques.
Ref: https://www.geektonight.com/5-ms-of-advertising/
https://ninjaoutreach.com/five-m-of-advertisement/
• Source: Advertising & Sales Promotion- P.Saravanavel & S.Sumathi
ADVANTAGES OF ADVERTISING
Advantages to Manufacturers
1. Creates Demand
2. Maintain existing market
3. Helps in expanding the market
4. Helps to overcome competition
5. Warn the public against imitation
6. Builds Reputation
7. Helps to contact the public directly
8. Protects manufacturers fro undue dependence on middlemen
9. Helps the producers to secure dealers for their goods
10. Helps to increase the volume of sales
11. It helps in reduction in the cost
12. Helps to avoid seasonal fluctuation
13. Increases rate of stock turnover
Advantages to Retailers
1. Reduces Sale effort
2. Large sales volume
3. Increases stock turnover
4. Reputation created by manufacturers through advertisement helps retailer also.
5. Retailers get product information
6. Advertisement builds prestige for retailers shop
7. Stabilize price
8. Small retailers cannot afford to employ salesmen
Advantages to Wholesalers
1. Easy sales
2. Increases stock turnover
3. Reputation created by manufacturers through advertisement helps wholesaler also.
4. Advertisement provides wholesalers product information
Advantages to Salesmen
1. Advertisement prepares ground work for sales men
2. Helps them to secure increased sales
3. It gives confidence to salesmen
4. Helps to reach consumers with least effort
5. Contacts are made between salesmen and customers
Advantages to Consumers
1. Introduce new products to the consumers
2. Raises standard of living.
3. Gives protection against deception
4. It saves time, effort and money to get the details about the product.
5. It gives information on how to use the product
6. Price is known to consumers
The present day advertising industry faces many problems. Some of the problems are
discussed below.
• Budget limits.
• Compelling content.
• Choosing the right method.
• Measuring effectiveness. .
• Rising through the competition.
• Source: Advertising & Sales Promotion- P.Saravanavel & S.Sumathi
Budget limits
Almost every business out there goes by on a limited budget, especially for advertising.
Entrepreneurs try to squeeze their pockets as much as they can, in hopes that customers will
take notice. However, it requires finding the right techniques, audience, and platform to
handle the limited resources effectively. Those who begin with very ambitious goals may risk
their money too much, while those who are very cautious may spend very little, thus ending
up with their efforts unnoticed. Setting a limit is necessary, but it should be done with
realistic goals. The allocation should be just enough for your business to test its market first,
because of the uncertainties that lie ahead.
Compelling content
With the abundance of advertisements all over place, how to make the business stand out?
The challenge begins in crafting the right message and transforming it into something that
looks or sounds new. To give the business a voice, one need to identify your audience first.
What would they like to hear? Would this type of message spark their interest? Do they need
to know about this? Compelling content - this is the main challenge for every advertiser out
there, and what every business owner hopes to have in his advertisement. Crafting the perfect
sales pitch is not easy, as most people are already aware of those overused marketing bait
lines such as “buy now before it’s too late”, “wait there’s more”, or “for a limited time only”.
Nowadays, people look around, research, and rationalize before making a purchase. That is
why in creating the ideal content, there should be sincere, detailed solutions that will answer
the needs of the target customers.
Measuring effectiveness
Probably, one of the hardest parts of advertising is identifying the effectiveness of the
campaign. This becomes more difficult if the business is running different advertisements at
the same time. The worse thing could be running the ad without verifying if it actually gets
the job done. Money could be wasted on a tiny newspaper ad space that may be enough to
pay for an outdoor poster that everyone could see. It could a lso be a social media ad that does
not generate enough clicks. To check if the advertisement is working, set a time frame for a
particular ad and observe if it affects your sales.
FUNCTIONS OF ADVERTISING
Questions
1. Define Advertising
2. What are the Characteristics of Advertising?
3. What are the 5- M’s of Advertising programme?
4. Explain the Problems in Advertising.
5. Explain the Functions of Advertising
6. What is the need or reasons for advertising?
7. What are the Advantages of advertising?
8. What are the Positive Social effects of Advertising?
9. State the Social ill effects of advertising.
10. Explain the forms of Unethical advertising.
Reference: Advertising and Salesmanship – P. Saravanavel &S.Sumathi