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Advertising Plan
The advertising plan describes the goals of
an advertising campaign, methods to achieve them, and ways to evaluate them. It requires research into the audience, product, and type of media to deliver the most effective message. The content of an advertising plan will vary depending on the product or service and market. Perform a Situational Analysis A situational analysis is an important part of planning an advertising campaign. It involves reviewing a business's history, current products, target market, competitors, financial condition, industry and market trends, and the state of the economy. This will help the advertising planner determine the best type of message, timing of message, and form of media for a successful campaign. SWOT analysis The SWOT analysis is an examination of a business's strengths, weaknesses, opportunities, and threats. Strengths include marketing expertise or new innovative products, weaknesses include bad reputation or poor location, opportunities include a new international market, and threats involve a new competitor or rising material costs. The key issues identified in the analysis must be considered when developing an advertising plan. SET ADVERTISING OBJECTIVES Common advertising objectives include the following: -Build consumer awareness of a product or brand -Communicate product or brand benefits -Generate interest in a product or brand - Create, change, or reinforce consumers’ attitudes about a brand -Persuade consumer to switch brands -Attain brand loyalty -Increase sales Determine the budget Businesses must create a budget to meet their advertising objectives. There are several methods businesses can use to determine the budget, but some businesses base it on what they can afford. This is not the best method as it does not always meet the business's advertising needs. DEVELOP THE CREATIVE STRATEGY The creative strategy defines the target market, the advertising message, and how it will be communicated. It must determine the purpose of the message, such as to inform, compare, persuade, remind, or defend, and the best medium for communicating it to the target audience. EXECUTE THE PLAN Once the strategy is in place, the The creative development process involves working with copywriters and art directors to create an advertising concept, including ad copy, slogans, headlines, designs, illustrations, photos and scripts. EVALUATE THE PLAN The advertising campaign must be evaluated to determine if the objectives outlined in the plan were met and the criteria used to measure its effectiveness of the advertising campaign.