What is the history of the market? Comparative brand analysis
Sales, Share, Price, Geographic, Seasonal
Where do we have distribution?
Shelf-facings, displays, inventory, promotions
Business-to-Business Communication
Who are the consumers of the product?
Primary, Secondary, Tertiary Audiences
What are the features of the product?
Channels depend on message complexity
What media do competitors use?
Marketing Strategy Plan
A blueprint for action geared at promoting the product or service, with the goal of gaining an advantage over competitors
Major strategy - major responses to problems
Basic objectives - short term goals Basic selling idea - key selling premise Presentation of selling idea - creative concept Sources of business - consumer and dealer Product strategy - price, design, extensions Spending strategy - introduction and extended
Media Expenditures Analysis
Must consider the available media options and their use by your competitors Use same media as competitors, or make a special effort to use different media? How much advertising should we put into the market to counter competitors efforts?
Answers to questions depend heavily on
objectives and competitive barriers
Questions to Answer Which media are used?
Which are most significant?
How much is spent in each medium?
Total for all media?
When are competitors advertising?
How are they using media strategically?
Where is advertising concentrated?
How much weight in each market?
Major Data Sources
BAR/LNA Multimedia Service
LNA Newspaper Service LNA Outdoor Advertising Service Publishers Information Bureau Mediawatch - Top 75 markets Think about share of voice - GRPs Think about share of dollars - Spnding
Marketing Management for Beginners: How to Create and Establish Your Brand With the Right Marketing Management, Build Sustainable Customer Relationships and Increase Sales Despite a Buyer’s Market