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The End of Advertising as you know it.

The End of Advertising as you know it. Today’s Advertising Mix. Do you have an advertising Budget?. Do you: Randomly buy local print ads Buy High School Yearbook ads without thinking of your message Automatically renew your yellow page ad

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The End of Advertising as you know it.

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  1. TheEnd of Advertising as you know it.

  2. Today’s Advertising Mix

  3. Do you have an advertising Budget? • Do you: • Randomly buy local print ads • Buy High School Yearbook ads without thinking of your message • Automatically renew your yellow page ad • Advertise the same way you have for the past 10 years

  4. Do you have an advertising Budget? • Do you: • Randomly buy local print ads • Buy High School Yearbook ads without thinking of your message • Automatically renew your yellow page ad • Advertise the same way you have for the past 10 years • Not Advertise!

  5. I do not advertise… • Too expensive • Does not work • Waste of time • Business is growing, I don’t need to advertise • Business sucks, I cannot afford to advertise

  6. Rule #1 If you don’t keep giving customers a reason to buy from you they won’t!

  7. Rule #1 If you don’t keep giving customers a reason to buy from you they won’t! Remember there is someone out there telling your customer constantly to buy from them!

  8. What is Advertising? • Advertising has become more than a radio spot

  9. What is Advertising? • Advertising has become more than a radio spot • More than an ad in a magazine, newspaper, weekly publication or flyer

  10. What is Advertising? • Advertising has become more than a radio spot • More than an ad in a magazine, newspaper, weekly publication or flyer • More than your last direct mail piece or targeted email

  11. What is Advertising? • Advertising has become more than a radio spot • More than an ad in a magazine, newspaper, weekly publication or flyer • More than your last direct mail piece or targeted email • Advertising is a comprehensive viral package that allows us to sell more stuff more often to more people for more money!

  12. Advertising Campaign Setup First lets change the term Advertising to Marketing!

  13. Advertising Campaign Setup First lets change the term Advertising to Marketing! Marketing is more inclusive of all elements and it is a disciplined marketing campaign that will make advertising effective

  14. Advertising Campaign Setup First lets change the term Advertising to Marketing! Marketing is more inclusive of all elements and it is a disciplined marketing campaign that will make advertising effective There are TEN STEPS to setting up a disciplined market campaign

  15. 10 Steps to Market Planning Step 1 Business Review Company ScopeStrength & WeaknessMarketing Capabilities Product & MarketCategories ::Pricing :: Competition :: Distribution Company ScopeStrength & WeaknessMarketing Capabilities Step 2 Problems & Opportunities Step 3 Set Overall Sales Objectives Step 4 Target Market & Sales Objectives Step 5 Plan Branding and Marketing Strategies * Step 6 Communication Goals Step 7 Establish Marketing Mix Step 8 Calendar, Budget, Payback and Analysis Step 9 Execute Step 9 Evaluate

  16. 10 Steps to Market Planning Step 1 Business Review Step 2 Problems & Opportunities Come from the Business Review. Create a Summary of Points good and bad from Step1. This will be the foundation for the marketing plan. Step 3 Set Overall Sales Objectives Step 4 Target Market & Sales Objectives Step 5 Plan Branding and Marketing Strategies * Step 6 Communication Goals Step 7 Establish Marketing Mix Step 8 Calendar, Budget, Payback and Analysis Step 9 Execute Step 10 Evaluate

  17. 10 Steps to Market Planning Step 1 Business Review Step 2 Problems & Opportunities Step 3 Set Overall Sales Objectives Setting Sales objective is critical! It is the basis fro the whole marketing plan. It will be the basis for deciding your budget, marketing, staffing and inventory needs. Step 4 Target Market & Sales Objectives Step 5 Plan Branding and Marketing Strategies * Step 6 Communication Goals Step 7 Establish Marketing Mix Step 8 Calendar, Budget, Payback and Analysis Step 9 Execute Step 10 Evaluate

  18. 10 Steps to Market Planning Step 1 Business Review Step 2 Problems & Opportunities Step 3 Set Overall Sales Objectives Step 4 Target Market & Sales Objectives Establish & define who your target market really is. Surfers, skaters, tourist, mom’sdad’s, male or female.Establish what you want your advertising to achieve. Set a goal for each segment so you can measure its success. Step 5 Plan Branding and Marketing Strategies * Step 6 Communication Goals Step 7 Establish Marketing Mix Step 8 Calendar, Budget, Payback and Analysis Step 9 Execute Step 10 Evaluate

  19. 10 Steps to Market Planning Step 1 Business Review Step 2 Problems & Opportunities Step 3 Set Overall Sales Objectives Step 4 Target Market & Sales Objectives Step 5 Plan Branding and Marketing Strategies * Brand Positioning is how you want your store and products to be perceived by yourtarget markets. Are you a hard goods store? Women’s, Skate, or Discounter(I mean cheapest)? Your brand strategy should influence the direction of all your advertising. By establishing a brand strategy evaluation will be easier at years end. Step 6 Communication Goals Step 7 Establish Marketing Mix Step 8 Calendar, Budget, Payback and Analysis Step 9 Execute Step 10 Evaluate

  20. 10 Steps to Market Planning Step 1 Business Review Step 2 Problems & Opportunities Step 3 Set Overall Sales Objectives Step 4 Target Market & Sales Objectives Step 5 Plan Branding and Marketing Strategies * Step 6 Communication Goals Communication goals simply bridge the gap between your objectives and your marketing mix. Simple charting will allow you to track effectiveness of marketing tools and objectives. See HANDOUT. Step 7 Establish Marketing Mix Step 8 Calendar, Budget, Payback and Analysis Step 9 Execute Step 10 Evaluate

  21. 10 Steps to Market Planning Step 1 Business Review Step 2 Problems & Opportunities Step 3 Set Overall Sales Objectives Step 4 Target Market & Sales Objectives Step 5 Plan Branding and Marketing Strategies * Step 6 Communication Goals Step 7 Establish Marketing Mix This is the tactical element of our plan. Each element used should have its ownobjectives and strategies. By establishing these objectives and strategies we will be able to judge there effectiveness. Elements include media, events, price, merchandising, product and message. Step 8 Calendar, Budget, Payback and Analysis Step 9 Execute Step 10 Evaluate

  22. 10 Steps to Market Planning Step 1 Business Review Step 2 Problems & Opportunities Step 3 Set Overall Sales Objectives Step 4 Target Market & Sales Objectives Step 5 Plan Branding and Marketing Strategies * Step 6 Communication Goals Step 7 Establish Marketing Mix Step 8 Calendar, Budget, Payback and Analysis Budget methods may include the Task Method, the Percentage of Sales Model or theCompetitive Method. With a budget in place create a detailed yearly calendar. Establish a means of judging the effectiveness of your advertising campaign, two popular methods are Contribution to Fixed Coast and Gross Margin to Net Sales Analysis Step 9 Execute Step 10 Evaluate

  23. 10 Steps to Market Planning Step 1 Business Review Step 2 Problems & Opportunities Step 3 Set Overall Sales Objectives Step 4 Target Market & Sales Objectives Step 5 Plan Branding and Marketing Strategies * Step 6 Communication Goals Step 7 Establish Marketing Mix Step 8 Calendar, Budget, Payback and Analysis Step 9 Execute With a plan in place execution is essential. A yearly calendar will give you the ability to have all marketing materials in a timely fashion. Prevent the “last minute scenario. Step 10 Evaluate

  24. 10 Steps to Market Planning Step 1 Business Review Step 2 Problems & Opportunities Step 3 Set Overall Sales Objectives Step 4 Target Market & Sales Objectives Step 5 Plan Branding and Marketing Strategies * Step 6 Communication Goals Step 7 Establish Marketing Mix Step 8 Calendar, Budget, Payback and Analysis Step 9 Execute Step 10 Evaluate Like analysis in Step 8. Always evaluate the success of the marketing plan. It is import to judge not only the full plan but its specific elements as well.

  25. How Much to Budget? Task Method – Set budget based on what needs to be accomplished! To reach the total operating cost you must establish a cost for each marketing tool and times it will be implemented throughout the year.

  26. How Much to Budget? Task Method – Set budget based on what needs to be accomplished! To reach the total operating cost you must establish a cost for each marketing tool and times it will be implemented throughout the year. Percentage of Sales Method – Traditionally 4 -5% of Gross Sales. This will help keep the number you came up with in the task method in check.

  27. How Much to Budget? Task Method – Set budget based on what needs to be accomplished! To reach the total operating cost you must establish a cost for each marketing tool and times it will be implemented throughout the year. Percentage of Sales Method – Traditionally 4 -5% of Gross Sales. This will help keep the number you came up with in the task method in check. Competitive Method – Set your marketing plan based on competition’s marketing mix. While hard to estimate competitors marketing budget. This method protects market share.

  28. Make Marketing ROI a Reality: Focus on the 4 A's Advertising for specialty retailers continues to change and the classic 4 P’s of Marketing: • Product • Price • Place • Promotion

  29. Make Marketing ROI a Reality: Focus on the 4 A's Advertising for specialty retailers continues to change and the classic 4 P’s of Marketing: • Product • Price • Place • Promotion May now be replaced with the 4 A’s • Accountability • Analysis • Accuracy • Action

  30. “In good times people want to advertise: in bad times people have to.” Bruce Barton CEO BBDO Do not fall to the myth that Advertising doesn’t work to sell products.

  31. “In good times people want to advertise: in bad times people have to.” Bruce Barton CEO BBDO Do not fall to the myth that Advertising doesn’t work to sell products. Remember that poorly planned advertising doesn’t work. We all make mistakes, even in advertising, by establishing, tracking and evaluating your marketing plan you will be able to growth your business and get a handle on what types of advertising are helping to make your business grow!

  32. Stop missing opportunities to Sell More! This year get a return on every penny you spend!

  33. Work Sheets Information found at

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