Wednesday, 26 August 2020

Objectives of Advertising (A&BM 19Aug2020)

Objectives of advertising:

Advertising programme as an integral part of the promotion campaign may have one or more of the following specific objectives:

1. Preparing Ground for Sale of New Products:

Whenever a new product is introduced in the market, advertising becomes necessary for informing potential consumers about the product. In this way, advertising can be used for preparing ground for sale of new product.

For achieving this objective, various mass media like radio, television and cinema are used by the advertisers.

2. Increasing Demand for the Product:

Another objective of the advertising is to increase the demand for the product. Advertising helps in creating a favourable atmosphere for maintain or improving sales of the product. By means of the advertising prospective customers may be induced to buy a particular product by informing them about comparative quality price and other attributes of the product. Thus, changing the habits of the consumers so as to shift from a rival product.

3. Educating the Consumers:

One of the basic objectives of every advertising is to educate the consumer and the users about the uses and utilities of the product. This helps the consumers and users in making good choice.

4. Building up Brand Image:

Another objective of advertising is to build up brand image and brand loyalty towards the product. This objective is achieved through constant and repeated advertising about the brand.

5. Facing the Competition:

One of the basic objectives of advertising is to help the marketer to face the existing competition effectively and efficiently. The marketers inform the consumer about the price, quality and availability of product through advertising.

6. Supplementing the Salesman:

The objective of advertising is also to assist the salesman’s efforts in increasing the sales of the product. By means of educating customers about the product, advertising reduces the work load of the salesman for selling the product.

7. Promotion of New Product:

Advertising can make prospects at least aware of the entry of the new product in the market.

8. Support to Personal Selling:

Advertising can move the prospect nearer and nearer to the point of purchase. Under favourable atmosphere, salesman’s job is easier and simple. Actual closing of sale is, thus, facilitated by advertising. Selling costs are reduced incidentally. It should be noted that advertising and salesmanship are really complementary and in no way competitive tools of promotion.

9. Brand Patronage:

In the long run, effect of advertising on brands and campaigns may be of great importance. The advertising programme can aim at consumer awareness and attitudes. Buyers may be induced to purchase and re-purchase. If the trial is satisfactory, consumers may stick with the brand. Thus, advertising tries to create and retain brand preference and brand loyalty.

10. Immediate Buying Action:

Advertising may attempt to obtain immediate buying action. For instance, mail order advertisement, direct-action retail advertisement, price-deal offers, last-chance offers are special advertisements persuading prospects and securing prompt actions. Direct mail is the usual medium for coupons, samples, and other forms of direct action advertising.

11. Pre-Sold Goods:

Well-advertised brands are pre-sold goods. Buyers are pulled by such advertisements. Supermarket advertisers pull customers and goods are sold without active help of counter sales force.

12. Dealer Support:

National or big firms advertise extensively and intensively to support dealers and distributors so that they can assure accelerated distribution. Advertising alone can create mass markets for products which are intrinsically sound and can easily fill the customers’ needs and desires. Mass marketing brings about reduction in the cost of production as well as cost of distribution.

 

Summery

Objectives of Advertising

The various objectives of advertising may be stated as follows:

1. To announce the introduction of a new product.

2. To motivate the buyers to buy.

3. To create demand for the product.

4. To achieve an immediate sale.

5. To announce certain concessions to buyers like discount, price cut, gift etc.

6. To popularize the brand name and to secure brand loyalty.

7. To support the activities and efforts of the salesmen.

8. To build up image for the business.

9. To achieve a higher market share.

10. To inform product modifications and alterations to the buyers.

11. To explain how the product works.

12. To counter the competitors’ strategies.

13. To promote sale during off-season.

14. To maximize sale during festival season.

15. To remind the buyers about the company and its product.

Objectives of the advertis­ing:

(a) To make an immediate sales.

(b) To build primary market.

(c) To introduce a price deal.

(d) To inform about a product.

(e) To build brand recognition or brand insistence.

(f) To help salesmen by building an awareness of a product among retailers.

(g) To create a reputation for services, reliability or research strength.

(h) To increase market share.

(i) To modify existing product appeals and buying motives.

(j) To inform about the availability of new products or features or price.

(k) To increase the frequency of use of a product,

(l) To increase the number or quality of retail outlets,

(m) To build overall company image,

(n) To effect immediate buying action.

(o) To reach new areas or new segments of population within existing areas, and

(p) To develop overseas. 

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