Define IMC
Stages in the marketing communications funnel
MarComms tactics for different stages of the funnel
4 general segmentation types
Segmentation types by ease of measurement and predictability of customer choice behaviour
Define a market segment
A group of customers who share a similar set of needs and wants
Key steps in segmentation
3.
a) Separate customers into similar product-related needs
b) Identify consumers with similar needs and wants
c) Group customers according to segmentation variables
d) Select groups large enough to support customised marketing strategies
Behavioural segmentation
Online behavioural targeting
Behavioural segmentation: 3 ways to find target market
Demographic segmentation trends
Geodemographic segmentation
Psychographic segmentation
Psychographic segmentation: personality and lifestyle
Big 5 = traits a person possesses that indicate an enduring way of thinking, feeling and acting
1. Agreeableness
2. Emotional stability (Neuroticism)
3. Openness to experience
4. Extraversion
5. Conscientiousness
Lifestyle
- How a person chooses to live their life (e.g student, work, athletic)
Psychographic segmentation: AIO components
Activities
- Work
- Hobbies
- Social events
Interests
- Family
- Home
- Job
Opinions
- About themselves
- Social issues
- Politics
Define diversity marketing
Trend away from demographics
Has led to stereotyping and marketplace discrimination
Components of diversity marketing (promotion most important)
Product: Offerings inclusive of broader audiences
Place: Equal access
Promotion: portray in a variety of social roles and contexts
Price: No unfair taxes etc.
Key components / takeaways of diversity marketing communications
Approaches to diversity model
Axis: order of entry (late / early), depth of diversity integration (surface or deeper)
Passive
- Early entry, surface level
- Mid-level commitment
Performative
- Late entry, surface level
- follower and market driven
- Low commitment
Transformative
- Early entry, deeper level
- Integration across multiple marketing mix elements
- High commitment
Adaptive
- Late entry, deeper level
- Mid-level commitment
Five functions of advertising
Setting marketing communication objectives
Setting achievable advertising objectives
Some key communication objectives