Foreword
We are living in fast generation where everything gets changed within
a minute. Advertising is a form of communication to promote the
goods and services for sale. It is one of the parts of marketing.
Advertising is a vast term and it includes many activities for the
promotion of goods and services.
Every company is trying to convince
customers to buy their products and services. Get all the info you
need here.
The Quintessential Guide to Marketing Ads
Everything You Need To Know To Survive In Advertising
Introduction
Synopsis
There is a very tough competition in the market for every product and
services; therefore, every company has a separate department of
advertising.
Advertising is a part of marketing and marketing departments invest
a lot of money for advertising to increase the sales of the company.
Advertising is a way to connect to customers and public. Customers
come to know about the products and services of different companies
through advertising.
Advertising plays a very vital role in promoting goods and services.
Advertising is a way of sending a message to the public; it portrays
your organization, your products, values and services.
The Basics
Marketing is a wide term in promotion of goods and services.
Marketing simply means “Giving the right product in the right place,
at the right price, at the right timeâ€.
Marketing is not only the
promotion of goods and services, but it consists of knowing the needs
of customers and then manufacturing the goods based on the
customer demands, finding a place for promotion and distributing
and transporting the goods to the required places.
That is why we are
saying Marketing is a very big term and advertising is a part of
marketing.
Professor E. Jerome McCarthy has suggested the concept of
marketing mix in 1960. Marketing mix is the key concept of
advertising. Marketing mix consists of four “P†elements. Marketing
mix includes the plans and ideas to bring the product into the market.
Marketing mix consists of four elements: Product, Price, Place,
Promotion. Now we discuss four elements:-
Product: - This product element refers to the product to be
manufactured. It is very important to know about the customer needs
and demands in the product. The company has to know the
requirements of customer in product size, color and quality. After
knowing all the requirements of customers, the company starts
developing the product as per the customer demand.
Price: - Price is the money paid by the consumer for the product. The
company needs to fix the price of the product after knowing the
competitor’s product prices and how much discount they can offer to
attract the customers for goods and services.
Place: - Place refers to location to sell the products and services. The
company has to find the place to market the products and services.
Location should be easily reachable to customers and it should not be
far from the customers.
The market can be of different types, for
example a physical market and or a virtual market. A physical market
is where a customer interacts with the seller physically and buys the
products as per the requirement.
Virtual markets are those markets
where buyers buy the product online and they do not meet physically.
Promotion: This is the last element of the marketing mix.
Promotion means branding of products and services. Promotion
means strategies and plans for advertisement of product, so that the
product reaches the masses. It is awareness among the public
regarding the product.