Monday, 16 September 2013

Integrated Marketing Communication



INTEGRATED MARKETING COMMUNICATION­
Integration marketing communications is a concept that ensures that all forms of communication and messages are carefully linked together. At the basic level, Integrated Marketing Communication means joining all the promotional tools so that they all work in harmony. Integrated Marketing Communication different horizontal, vertical, internal, external and data integration. (MMC Learning1996-2009)                                                                                                             G. Belch and M. Belch elucidated Integrated Marketing Communications (IMC) as coordinating the various promotional elements and other marketing activities that communicate with the firms customers.
The six promotional mix of Integrated Marketing Communication are basically explained below;
1.      Personal selling- this is a process by which a person persuade the buyer to accept a product or a point of view or convince the buyer to take specific course of action through face to face contact. It is an act of persuading through the use oral presentation of products or services. Target audience may vary from product to product and situation to situation to satisfy them by making sales. Example, sales presentations, sales training and incentive programs.
2.      Publicity- it is the non-personal stimulation of demand for a product, service or business unit by generating commercially significant news about it in published media, Television or stage. Unlike advertising this form of promotion is not paid for by the sponsor thus, publicity in news is carried in the mass media about an organization, its products, policies etc. it originate with the media or marketer and is published at no cost or charge for media space and time example, magazine, newspaper, articles/report. It can be favorable or unfavorable.
3.      Advertising – advertising communicate as a message to a targeted audience and generates feedbacks in the form of sale or action taken by consumers. Any paid form of non-personal communication through mass media about a service or product or an idea by a sponsor is called advertising.  It is done through non personal channels or media.   Print advertisements, advertisements in Television, Radio, Billboard, Brouchers and Catalogs, Direct mails, In-store display, motion pictures, emails, banner ads, web pages, and posters are some of the examples of advertising.  Paid promotion and presentation of goods, Services, ideas by a sponsor comes under the advertisement.
4.      Sales promotion- is any activity that offers an incentive for a limited period to obtain a desired response from the target audience or intermediaries which includes wholesalers and retailers. It stimulate consumer demand, market demand and improve product availability. Examples, Contests, product samples, Coupons, sweepstakes, rebates, tie-ins, self-liquidating premiums, trade shows, trade-ins, and exhibitions.

5.       Direct Marketing- is reaching the customer without using the
 traditional channels of advertising such as radio, newspaper, television
 etc.  This type of marketing reach the targeted consumers with
techniques such as promotional letters, street advertising, catalog
 Distribution, fliers etc. These promotional efforts are of two general types involving:
      a. Direct face to face communication
b.   Indirect communication through some mass medium, such as      television, newspapers, radio, etc.  Sometimes a mixture of personal/direct and non-personal/indirect promotion is used as we use in the sales promotion.  Industrial buyer will not decide to purchase equipment on the basis of advertisements or direct mail.  Personal selling is preferred in this case.  On the other, hand a customer buying toothpaste or hair oil will have less contact with the company sales person and will be influenced more by advertisements.
6. Point of sale- it is a place where retail transaction takes place. On a macro level, point of sale could be a mall, market among others where refunds can be provided to customers. For instance, a hungry person will go to a place where food are sold to purchase some. Also when a person goes to the market to buy phone, he or she will go to the point where phones are sold and a place where toffees are sold.
REFERENCE: Principles of advertising by Mr. Yaw Gyau
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