CHAPTER 1,2,3 (Final)
CHAPTER 1,2,3 (Final)
INTRODUCTION
Introduction to Advertisement Media:
India is growing rapidly and changes are dynamic. People are changing,
the preference and demand is changing. The market also has to change
accordingly.
Research Methodology:
Exploratory Research:
Exploratory research studies are also termed as formulate research
studies. The main purpose of such studies in that of formulating a
problem for more precise investigation or of developing the working
hypothesis forms an operational point of view.
Descriptive Research:
Primary Data:
Primary sources of data are the data which needs the personal efforts of
collect it and which are not readily available. Primary source of data is
the other type of source through which the data was collected.
Secondary Data:
Secondary sources are the other important sources through which the
data was collected. These are the readily available sources of the data
where one had need not put much efforts to collect, because it as
already been collected and by some researcher or experts.
Sample Size:
By using random sampling technique 50 respondents are selected for
the purpose of the study.
Period of study:
Research approach:
The survey method was adopted for collecting the primary data.
Survey research is systematic gathering of data from respondent
through questionnaire.
Collection of data:
Kumar and Gupta [3] concluded that all marketing starts with the
consumer. So consumer is very important to a marketer. Consumer
decides what to purchase, for whom to purchase, why to purchase,
from where to purchase, and how much to purchase. In order to
become a successful marketer, he must know the liking or disliking
of the customers. The study of the consumer preference not only
focuses on how and why consumers make buying decision, but also
focuses on how and why consumers make choice of the goods they
buy and their evaluation of these goods after use.
Consumers make many buying decisions every day, and the buying
decision is the focal point of the marketer’s effort. Most large companies
research consumer buying behaviour in great detail to answer questions
about what consumer buy, where they buy, how and how much they
buy, when they buy and why they buy. Marketer can study actual
consumer purchases to find out what they buy, where, and how much.
But learning about the whys of consumer buying behaviour is not so
easy—the answers are often locked deep within the consumer’s mind.
Often, consumers themselves don’t know exactly what influence their
purchases. “The human mind doesn't work in a linear way," says one
marketing expert. "The idea that the mind is a computer with storage
compartments whey brands or logos or recognizable packages are
stored in clearly marked folders that can be accessed by cleverly written
ads or commercials simply doesn't exist. Instead, the mind is a whirling
swirling, jumbled mass of neurons bouncing around, colliding and
continuously creating new concepts and thoughts and relationships
inside every single person's brain all over the world.
Cultural Factors:
Cultural factors have a strong influence on consumer behaviour. These
factors are the values and ideologies of a community or group of
individuals.
These factors are:
Culture: The influence of culture varies from place to place. This
means marketers have to be very careful in analysing the culture
of different groups, regions, and countries.
Personal Factors:
Personal factors, of course, vary from person to person. Such factors
create different judgments and affect consumer behaviour.
Here are the factors that influence our shopping tendencies:
Age: Needless to say, each life-cycle involves different buying
choices. For example, teenagers are more interested in buying the
latest trends in clothes. In contrast, middle-aged people might be
more interested in purchasing a family car.
Psychological Factors:
Human psychology influences an individual’s thinking and hence also
decisions regarding purchases. Some important psychological factors
affecting consumer behaviour are:
Consumers will be forced to buy goods that do not have too many
choices and therefore consumers will be left with limited decision
making. Based on the products available, time limitations, or budget
limitations, consumers buy certain products without a lot of research.
For example, a consumer who is looking for a new collapsible table that
can be taken for camping quickly decides on the product based on a few
brands available. The main criteria here will be the use and the feature
of the collapsible table and the budget available to him.
When consumers are buying products that they use for their daily
routine, they do not put a lot of thought. They either buy their favourite
brand or the one that they use regularly – or the one available in the
store or the one that costs the least.
The buyer decision process also called the consumer decision process,
is a five-step process through which customers decide if they want to
make a purchase or not. The steps are need recognition, information
search, evaluation of alternatives, purchase decision, and post-purchase
behaviour.
1. Need Recognition:
2. Information search:
3. Evaluation of Alternatives:
5. Post-Purchase Behaviour:
Advertisers also study consumers' behaviour not only to reach them but
also to get their feedback and their reactions toward the sold products.
By understanding these reactions, advertisers will be able to create more
effective advertising for later campaigns and better targeting and
message to the consumer.
TRANSFORMATIONAL ADVERTISING
Transformational advertising is considered irrational advertising. It
focuses on the consumer more than the product. This form of
advertisement tries to create a unique experience for each consumer by
providing him with an advertisement that appeals to their needs and
wants. Through transformational advertising, the advertisers try to show
their users’ how their life can be better by buying a product or service.
This type of advertisement also tries to link the experience a user would
get by buying a product or a service with the experience of the brand
name.
1. Broadcast media
TV and radio are two of the most important advertising media known as
broadcast media.
There are 2 types of broadcast media which can be considered here:
A. Television
Televisions have become a very important tool to advertise for
companies. Companies can targets serials, reality shows, sports
events, live events etc. which are showcased on TV's and
understand the demographics of the people watching the TV.
B. Radio
As a tool for marketing and advertising, radio is the most cost
effective tool which a customer can have. Since radios have are
high penetration and are easy for customers to buy, they are a
good tool for advertising. Radios enable companies to reach out to
a wide range of customers. Since radio cater to the needs of a
particular city or region, it is a good way to advertise based on
customers selected from geographic segmentation.
2. Print Media
3. Online Media
4. Outdoor Media