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Advertising
and Promotion (MKT621)
VU
Lesson
26
PUBLICITY
OVERVIEW
In
this lecture we will apprise
the students regarding
publicity its power
advantages and
disadvantages.
It will also be explain regarding the
company's inability to have
control over
publicity
as compared with advertising moreover
this lecture will also cover
personal selling its
importance
role advantages and disadvantages.
Finally international advertising and
the future
of
global advertising will be
discussed.
PUBLICITY
Many
a times the question has
arisen as to what is publicity. It is
infect the creation of
news
about
a person; product or service
that appears in electronic or
print media.
POWER
OF PUBLICITY:
In
order to understand publicity it will be
appropriate to first of all know
its power. This is
explained
below:
1.
Highly Credible.
2.
Information endorsed by medium in
which it appears.
3.
News value and frequency of
exposure generated by it makes it
powerful.
4.
Publicity is news and people like to
pass on information having
news value.
ADVANTAGES
OF PUBLICITY:
Using
publicity the companies can have
following advantages:
·
Credibility.
·
News value.
·
Significant "word of mouth"
Communication.
·
A perception of being endorsed by
media.
DISADVANTAGES
OF PUBLICITY:
Despite
being useful and powerful
publicity does have some
disadvantages as under:
·
Potential for negative
publicity.
·
Timing not always
completely under control of
marketer.
·
Press release is major source of
publicity, so may not be
reported the way
desired.
CONTROL
OVER PUBLICITY:
Being
power medium unlike
advertising companies have no control
over publicity
because
companies
cannot do much to stop media from
releasing negative information.
However,
Publicity
should be managed like any
other promotional tool. In
any case marketers must
have
control
as much as possible over time & place
where information is
released.
PERSONAL
SELLING:
One
of the most important tool
of selling today is called a
personal selling which can
be
explained
as face to face selling and it involves
direct person to person communication in
this
the
manufacturers directly sell
their products to the
customers. It eliminates the
need of
intermediaries
such as distributors, dealers and
retailers and these functions
are now performed
by
the members of the sales team.
The importance of personal
selling varies from company
to
company
depending upon following
four factors:
·
The nature of product or
service to be sold.
76
Advertising
and Promotion (MKT621)
VU
·
Size of organization.
·
Type of product.
·
Belief of corporation in personal
selling.
ASSIGNING
ROLE TO PERSONAL
SELLING:
How
to determine what to accomplish
through your sales team and
what the specific task
the
members
of the sales team must
attain for the company. A
manager must be guided by
the
following
questions before the role
and responsibility is assigned to
personal selling.
·
What communication objectives
should be accomplished?
·
e.g. creating awareness,
demonstration.
·
What are various
alternative ways to accomplish
communication objectives?
·
e.g. promotional mix offers
various elements.
·
How effective is each of
the elements in accomplishing
communication objectives?
Criteria
to determine `how cost effective is each
element'?
a)
The cost
b)
Benefits/Returns
c)
The Reach
d)
Uniqueness & Consistency of
Message.
ROLE
OF SALES PERSON:
The
role and responsibility assign to a
sales person varies from
company to company and it also
depends
to some extend on the
product category. Some of
the roles or responsibilities of a
sales
person
are given below; however, it
may not be an exhaustive
list.
1.
Prospecting: It is the process of
locating new
customers.
2.
Identifying Customer need &
wants: A sales person gathers more
information on the
prospects
and identifies the exact
need of the customers and
assists them in
determining
their
needs.
3.
Providing solution to customer
problem, or need: Here the
sales person acts as an
advisor
who
offers potential customers
various alternatives to solve
their problems.
4.
Attitude Change: Sales person
tries to influence the
customer favorably by showing
them
the
capability of the firm and
the product.
5.
Closing the sales: Getting
the sales order from
the customer is the one of
the most difficult
role
of a sales person. He must be trained
from closing the sale
because this is the
ultimate
goal
for which he or she has done
the basic ground
work.
6.
Follow-up: The sales person
should monitor the
satisfaction level of the
customer and
follow-up
calls are important for
maintaining good customer relationship. A
smart sales
person
continuously analysis the
situation and getting the feed back
from the customer
designs
the message to specifically meet
the customer's needs.
ADVANTAGES
OF PERSONAL SELLING:
The
nature of personal selling
provides certain advantages
over other promotional tools
some
of
these are given
below:
·
Possibility of 2 way
interaction.
·
Tailoring the
message.
·
Lack of distraction.
·
Involvement in decision
making.
·
Adaptability to the
situation.
77
Advertising
and Promotion (MKT621)
VU
DISADVANTAGES
OF PERSONAL SELLING:
Some
of the disadvantages associated with
personal selling are as
follows:
·
Inconsistent message.
·
Sales force / management
conflict.
·
High cost.
·
Poor reach.
INTERNATIONAL
ADVERTISING:
In
view of the stiff
competition trade challenges and business
demands and consumer power
the
manufacturers
are looking for
international markets in this
century the new world trade
order is
creating
open market competition all
over the world facilitating
easy impost thereby
necessitating
the need for the
use international advertising.
Following are the reasons to
look
towards
the use of international
advertising:
·
Limited options of expansion in
domestic markets.
·
Variations in brand liking
between developed & developing
markets.
·
Global marketing approach.
·
Growth of global media.
FUTURE
OF GLOBAL ADVERTISING:
The
new trade regimes being implemented in
the world and the
development and expansion of
media
augurs very well for
the future of global
advertising. The following
reasons prove
substantiates
the need for global
advertising as essential for sustaining
in this very
competitive
world.
·
Media explosion.
·
Stiff competition
within.
·
Variations in brand
liking.
·
Global marketing approach.
·
New trade regimes.
·
Growth of global media.
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