Launch! Advertising and Promotion in Real Time, 2009a
Launch! Advertising and Promotion in Real Time, 2009a Launch! Advertising and Promotion in Real Time, 2009a
2. Demographics are measurable aspects of a population. There are nine widely used demographic measures. List and briefly describe five of those demographic measures. 3. Explain how advertisers might be able to use SRI International’s VALS2 to construct consumer ad campaigns. [1] Kevin Downey, “Phoenix: Ad Budgets Soar in Newly Ensconced 8th-Largest Latino Market, But Immigration Remains a Concern,” Marketing y Medios, October 22, 2007,http://www.marketingymedios.com/marketingymedios/market_profile/article_display.jsp?vnu_content_id= 1003661213 (accessed November 5, 2008). [2] Susan Dominus, “The Affluencer,” New York Times Magazine, October 30, 2008,http://www.nytimes.com/2008/11/02/magazine/02zalaznick-t.html? partner=rssnyt&emc=rsscc (accessed November 5, 2008). [3] Emily Burg, “Do You Want To Be My Amigo? MySpace Launches En Espanol,” Marketing Daily, April 26, 2007, http://www.mediapost.com (accessed November 5, 2008). [4] “For car marketers, local cable ads are spot-on,” Automotive News, May 28, 2007, 26F. [5]http://www.naco.org/Content/NavigationMenu/About_Counties/Data_and_Demographics/Data_and_Demogr aphics.htm (accessed November 15, 2008). [6] For more information, seehttp://topics.nytimes.com/top/news/business/companies/claiborne_liz_inc/index.html?inline=nyt-org. [7] For more information, seehttp://topics.nytimes.com/top/news/business/companies/target_corporation/index.html?inline=nyt-org. [8] Michael Barbaro, “Meteorologists Shape Fashion Trends,” New York Times Online, December 2, 2007, http://www.nytimes.com/2007/12/02/business/02weather.html(accessed July 11, 2008). [9] Elizabeth Woyle. “What Do 35-Year-Old Women Want?” BusinessWeek, April 2, 2007, 66. [10] Dan Heath and Chip Heath. “Polarize Me,” Fast Company, April 2007, 59. [11] For more information, see http://www.sric-bi.com/VALS/. [12] Martha Farnsworth Riche, “VALS 2,” American Demographics, July 1989, 25. Additional information provided by William D. Guns, Director, Business Intelligence Center, SRI Consulting Inc., personal communication, May 1997. Saylor URL: http://www.saylor.org/books Saylor.org 187
[13] For other examples of applications see “Representative VALS Projects,” SRI Consulting Business Intelligence, http://www.sric-bi.com/VALS/projects.shtml#positioning(accessed February 29, 2008). [14] “Mattel Aims at Preteens with Barbie Web Brand: Toymaker Turns to Tech as Sales Slump for Iconic Fashion Doll,” Associated Press, April 26, 2007, http://www.msnbc.com(accessed April 26, 2007). [15] Judann Pollack, “Kraft’s Miracle Whip Targets Core Consumers with ’97 Ads,” Advertising Age, February 3, 1997, 12. [16] For more information, see http://www.hoovers.com. [17] Elias Terman, “Name Dropping,” American Printer, January 1, 2007, v124. 6.2 Target Your Customer: Who’s Going to Want It? LEARNING OBJECTIVES After studying this section, students should be able to do the following: 1. Identify who customers are by following the targeting process. 2. Review the properties of a good market target in order to select the optimal target for marketing and advertising efforts. 3. Examine behavioral targeting as a means of determining what consumers want and like. Targeting increases the cost-effectiveness of advertising. Most advertising channels have a cost that is a strong function of the amount of exposure (e.g., the number of people who see the ad) regardless of whether audience members are potential customers or not. Targeting helps define who the customers are. This section explores how the advertiser can: 1. Profile segments: a. According to buying power b. According to likelihood of buying your product or service c. According to likelihood of being attracted by a potential ad Assess the attractiveness of each potential target. Select segment(s) that are both attractive and likely to have a similar favorable response to a given advertising message. Saylor URL: http://www.saylor.org/books Saylor.org 188
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[13] For other examples of applications see “Representative VALS Projects,” SRI Consult<strong>in</strong>g Bus<strong>in</strong>ess<br />
Intelligence, http://www.sric-bi.com/VALS/projects.shtml#position<strong>in</strong>g(accessed February 29, 2008).<br />
[14] “Mattel Aims at Preteens with Barbie Web Br<strong>and</strong>: Toymaker Turns to Tech as Sales Slump for Iconic Fashion<br />
Doll,” Associated Press, April 26, 2007, http://www.msnbc.com(accessed April 26, 2007).<br />
[15] Judann Pollack, “Kraft’s Miracle Whip Targets Core Consumers with ’97 Ads,” <strong>Advertis<strong>in</strong>g</strong> Age, February 3,<br />
1997, 12.<br />
[16] For more <strong>in</strong>formation, see http://www.hoovers.com.<br />
[17] Elias Terman, “Name Dropp<strong>in</strong>g,” American Pr<strong>in</strong>ter, January 1, 2007, v124.<br />
6.2 Target Your Customer: Who’s Go<strong>in</strong>g to Want It?<br />
LEARNING OBJECTIVES<br />
After study<strong>in</strong>g this section, students should be able to do the follow<strong>in</strong>g:<br />
1. Identify who customers are by follow<strong>in</strong>g the target<strong>in</strong>g process.<br />
2. Review the properties of a good market target <strong>in</strong> order to select the optimal target for market<strong>in</strong>g <strong>and</strong><br />
advertis<strong>in</strong>g efforts.<br />
3. Exam<strong>in</strong>e behavioral target<strong>in</strong>g as a means of determ<strong>in</strong><strong>in</strong>g what consumers want <strong>and</strong> like.<br />
Target<strong>in</strong>g <strong>in</strong>creases the cost-effectiveness of advertis<strong>in</strong>g. Most advertis<strong>in</strong>g channels have a cost that is<br />
a strong function of the amount of exposure (e.g., the number of people who see the ad) regardless of<br />
whether audience members are potential customers or not. Target<strong>in</strong>g helps def<strong>in</strong>e who the<br />
customers are. This section explores how the advertiser can:<br />
1. Profile segments:<br />
a. Accord<strong>in</strong>g to buy<strong>in</strong>g power<br />
b. Accord<strong>in</strong>g to likelihood of buy<strong>in</strong>g your product or service<br />
c. Accord<strong>in</strong>g to likelihood of be<strong>in</strong>g attracted by a potential ad<br />
Assess the attractiveness of each potential target.<br />
Select segment(s) that are both attractive <strong>and</strong> likely to have a similar favorable response to a given<br />
advertis<strong>in</strong>g message.<br />
Saylor URL: http://www.saylor.org/books<br />
Saylor.org<br />
188