Why launch an advertisement campaign?
To start off, when your company is just becoming established in the British market, consumers will have no knowledge of your product,
we must encourage or persuade the consumer to buy your product. To make customers aware of the product we must advertise.
Large scale advertising mainly consists of advertising on TV, Radio, newspapers and other large scale media. This ensures that advertising
reaches the largest amount of people in the shortest amount of time. It is likely that the consumer will be more interested in the product
if they hear of on a national level such as TV or Radio.
We must watch out for other companies in Britain that sell a similar product or overseas companies that sell in Britain so Pakanawa can
analyse the British marketing strategy and improve upon it.
Market Segmentation is also another factor to take notice of. Market segmentation helps to differentiate products for different age
groups. For most product, there are segments of the market that you need to specifically advertise to. Fore example, different methods of
advertising would be needed if you were to advertise to parents than to the children. For a lot of products their are a lot of age groups
The Essay on Ansoff's Product Market Grid
The Ansoff product-market matrix helps to understand and assess marketing or business development strategy. Any business, or part of a business can choose which strategy to employ, or which mix of strategic options to use. This is one simple way of looking at strategic development options: Each of these strategic options holds different opportunities and downsides for different organizations, so ...
that you need to advertise for and these must be taken into consideration. We must analyse the different market segments that are
applicable to Pakanawa and investigate how we can exploit these different market segments. An ad campaign is a very sensible idea
because no-one will know about our products without the use of advertising. This means that we must concentrate on a good ad campaign
so people will know about our products. Approximate prices are shown below for large scale advertising:
TV Price agreed with company (500,000 + )
Radio (250,000 + )
Newspaper lineage ad 250
Newspaper full page 700-900
Cinema booklets 650.00 per cinema
Flyers 0.08 per flyer
As is shown above, advertising is very expensive when done on a large scale so to justify any form of large scale advertising it must be
proven to be effective. At Pakanawa┞¢ we must consider all angles of the media and come to a conclusion about advertising.
What sort of advertising should you use?
By far the most far reaching of these strategies is Television advertising. A large amount of people watch TV and this type of advertising
will reach many social groups. Although this type of advertising is very expensive and even more so during peak times, TV advertising
should be seen by the masses and encouraging a lot of new customers, so in time, TV advertising will pay for itself. This will prove to
be a very effective form of advertising media and should be adopted in the Pakanawa situation. To boost sales even more, and to prolong
the life of the Pakanawa product line, another form of advertising should be taken aboard. Newspaper advertising would also be a good
idea. Newspaper advertising would reach another section of the consumer market and would also be very effective in the right context. A
full page newspaper advert is a lot of money but would bring in a lot more customers and make many more people aware of the product.
The Term Paper on Advertising Is A Legalized Form Of Lying
Necessity is the mother of invention’ is an oft-quoted saying. But now-a-days the reverse of it is more true. In modern business, ‘invention’ is mother of necessityIn this age of machinery, new things are produced everyday. Market is created for these things through advertisement Businessmen advertise their goods in various ways and thus spread a knowledge of their goods among ...
It is important to make people aware of the product so they will buy it, there are many advantages of the Television over the newspaper,
such as the fact that TV is a captive market and if you can vary the showing times of the advertisement then you can vary the consumer
group that will be receiving them. A bad point, however, as is with most forms of advertising, is the delay between seeing the
advertisement and buying the product. There is also a delay similar to this with newspaper advertisements but the delay is not usually as
long as is the one with TV advertising.
Below the line promotion
Below the line promotion refers to advertising that does not rely on large scale media such as TV or Radio. Forms of this are direct
mailing, exhibitions and trade fairs, sales promotions and product placing. In the case of Pakanawa it would be sensible to follow some
of these ideas but not all of them. For example, it would not really be a good idea to exhibit the product at a trade fair without first
having a sales promotion or product placing. The only form mentioned that would not be suitable would be direct mailing, to which the
general public refer to a junk mail. The question arises whether you would mail the children that are likely to want the product or
whether to mail the parents that would buy the product for their children. If you were to mail the children then the parents could get
very annoyed at the fact that you went directly to the children instead of through their guardians. Although if you were to mail the
parents there would not be a very large chance that it would also reach the children, who would be the driving force of the sale of the
product. Sales promotion or endorsements would be a good idea as this would ensure that more people heard about the product and it
would be more appealing if a well known children’s presenter was to endorse the product.
Branding
Multiple product branding would be the best idea for Pakanawa as with multiple branding the firm is not always known as the same one
The Essay on What psychological effects of a pharmacy layout may influence customer-buying behavior?
Value/Fashion image – Presentation of the product influences image customer has regarding that product * Angles and sightlines – Customers view product at 45-degree angle and at eye level. Where a product is placed on shelves influences sales * Vertical color blocking – Display product in vertical bands of color 3. What guidelines should be followed in arranging individual items within ...
and with Pakanawa’s toys, the different products under different brands could inhibit the sale of the other brands. With multiple product
branding the company would be recognised as selling all these products and with a well established market this would benefit the
company although multiple branding has one advantage over this, if the company has had bad publicity, with the other brands, a knock
on effect of the other products is limited. Therefore, I think that the best form of branding for Pakanawa’s toys would be multiple
product branding.
Product Development
We must also consider product development to extend the product life cycle and retain interest in the series of products produced by
Pakanawa. To fully conduct a product development scheme we must conduct some market research into the attitudes of the customers and
what they think can be done to improve the products provided by Pakanawa. We must come up with new ideas fairly frequently and
brainstorming should be encouraged. Safety must always be improved on in Pakanawa products and a team of designers must be
considering product development all of the time.
Merchandising and packaging
Merchandising is an attempt to influence customers at the point of sale. The point of sale is anywhere that a customer buys a product.
Customers are intended to buy based on what they see rather from a sales assistant. Therefore at Pakanawa a vital factor in influencing
customers is the way in which the items are displayed. To sell the products effectively we must take into consideration the effect that the
packaging should have on the customers and the way in which displays of this particular product are arranged. A good idea would be to
have a ‘space ship’ or something similar to encourage people to look and to buy the product. To influence customers at the point of sale,
The Research paper on Customer perception about brand reality
1. Introduction: The retail industry plays a significant role in the development and growth of overall economy of a nation. In countries such as UK, retailers have positioned themselves in such a way that they are able to cater all types of customers’ needs and wants. (Economic Survey, 2012). The major retailers of UK are Tesco, Sainsburys, Asda, John Lewis, Marks and Spencer etc. Even when the ...
a number of tactics must be employed as we must first draw the customers attention to the display and to the product, and finally, to the
price of the product.
Why a sales team?
The job of a sales team is to create interest in the product with the public and retailers. The overall aim of a sales team is to create the
highest level of distribution of the product and to promote the product so representatives of a firm are interested in purchasing this
product to sell it in their shops. They should initially aim to start small and encourage interest in the media, the public and shareholders.
The whole image of the company rests on the sales team as it is their job to promote the product and the company and to stop any bad
press about the company. They should try and convince buyers with market research that there product will sell and that buying this
product is a good investment. They could offer commission or discounts to firms for bulk buying and high sales. A sales team should also
be allowed full control over the bartering of the goods and should set there own guidelines within a broad range of company guidelines.
Legal and Public problems
A few problems may be made of the fact that the product is cuddly yet violent in its own kind of way, with the image being of a scary
bear. Some extremists may consider this to be unacceptable and may want the bear banned from sale or put out a campaign against the
product. This should easily be solved with a well briefed PR team that have a capacity to lie. All doubts should be dispelled and children
illustrated playing happily with the bear and there should be no other legal or PR problems, but it helps to have a well briefed PR team.
