Title | Bsbadv 602 Advertising Campaign |
---|---|
Author | abhi sharma |
Course | Leadership and management |
Institution | Queensford College |
Pages | 23 |
File Size | 561 KB |
File Type | |
Total Downloads | 40 |
Total Views | 141 |
complete assignment...
BSBADV602 DEVELOP AN ADVERTISING CAMPAIGN
NAME: MOHAMMED SIDDIQ ALI KHAN ID: 202004029
Project Assessment Task 1 Define campaign objectives Define the purposes and objectives from the marketing plan. Use measurable terms for the objectives for the advertising campaign. Purpose ●
A detailed plan of the various marketing activities such as an excellence in service and expertise to establish itself as a premier provider of fitness and wellness in Australia, a retail section selling fitness shoes, clothes and other related fitness items.
●
Provides a situational analysis of the business environment which Blue Sky Outdoor Living operates in state-of-the-art fitness that will fit people with different interest. For example, Blue sky has developed choreographed cycling fitness videos with accompanying music which is geared to the varying interests, needs and goals of the member group. In Addition, all centers are carpeted in areas used for stationary activities, spacious, well-ventilated and air-conditioned to make the environment as safe and comfortable as possible. According to these environments, the company receives more attractive from customers because their offering can fit with various kind of people.
Achieves the proposed marketing strategies based on the company’s marketing goal -
The company wants to be the leader of fitness business in Australia, so they set their strategies and company’s marketing goal by presenting - their and trainers are claimed to be a professional in fitness and wellness also upgrade their facilities and classes to reach the satisfied level.
Budget planning for advertising
Advertising
Start date
End date
Budget
Manager
Department
Campaign 1
Marc h 2016
July 2016
6,000
GM manager
Marketing
Campaign 2
July 2016
Septemb er 2016
GM manager
Marketing
4,000
Monitoring and controls -
-
Create plan to review date: the company will review the plans and feedback from the advertise and set up the meeting in every week in order to track the results of new management. For instance, the team will report on the feedback from customers on the Circuit classes. How do customers think about the class and is the class reach the customer’s satisfaction. Develop a tracking system:develop a tracking system to assess where the company stand regularly. For example, the retail plan calls for earning at least 20% per month, track revenue on weekly budget to monitor and control the process. Objectives ●
Customers: The target market is people with age between 25-45 years old and need a professional level fitness and wellness.
●
Market reach: Campaign will be presented on social media also print media such as newspaper and flying.
●
Branding: The company presents that all facilities and employees are excellence in service and expertise in fitness and wellness center. Measurable terms for marketing objectives in terms of advertising campaign ◆
Market size: The company needs to consider market trend also market movements such as the number of people are going to the fitness and wellness during the past 5 years so that the company could indicate the trends that affect market size.
◆
Market share: 40% of customers who go to fitness and wellness center.
◆
Market penetration: focusing on selling of existing products and services into the existing markets to gain a higher market share. For instance, the company will increase market share by promoting that if customers come to the Blue Sky fitness, they do not have to go to other shopping mall to get their fitness equipment because at Blue Sky fitness we have retail shop that provides our customers of fitness items. ●
Brand awareness: The qualities of facilities and staffs should reach professional level
●
Customer satisfaction: The company will collect the feedback from customer who already join the new changes.
●
Advertising awareness: the company needs to make sure that the advertising campaign clearly identify the company target market.
How do you make sure that your campaign objectives will be feasible? ◆
When establishing the objective of an advertising campaign, one of the key components in the preparation and planning of each campaign. More than often, when setting campaign objectives, we should consider the SMART model as it is the major procedure that the company would follow.
◆
Similarly, developing relevant and realistic objectives helps the company understand the goals toward that endeavor the company’s direction.
◆
The table below illustrates Blue Sky Fitness’ SMART model on how its advertising campaign objectives be ensured of its feasibility:
Blue Sky Fitness Advertising Campaign based on SMART model
SMART model
Blue Sky Fitness’s marketing objectives
●
Specific – ensure your objectives are clear and outline what you are hoping to achieve.
The increasing at least 10% of new customers in each month
●
Measurable - are your objectives able to be measured? Measurable objectives help to determine the success of the campaign, and communicate the observable results to be obtained. Agencies should determine and document how they intend to measure the success of the advertising activities Achievable - are the campaign objectives achievable for everyone involved? Realistic – do you have the resources and knowledge available to achieve the campaign objectives?
The company can measure the objective by collecting the number of newcomers.
●
●
●
Timing – map out a clear, achievable timeframe in which the objectives should be achieved.
Criteria considerations The number of new customers who register with the Blue Sky Living Collecting the information from the new customers for example, how do they know about the campaign.
Employees understand and follow the objectives
feedback and ideas from staffs
Report on customer’s satisfaction.
Collecting customer’s information such as ages, gender to analyse target market. collecting number of newcomers every day.
3 months for running campaign
Discuss any factors which may affect the consumer responses to the campaign including relevant legislation (such as anti-discrimination legislation, consumer protection laws, privacy laws, Trades Practices Act and copyright) and the impact of each.
Governing areas in: (use the words in green as search words)
Implication to Blue Sky Fitness
● Antidiscrimin at ion
Human rights
Consumers have the right not to release privacy information and be protected their information.
● Consum er protectio n laws
(Australian Competition & Consumer Commission – Advertising and Selling Guide)
Consumers have a right to accurate and truthful information from businesses about their purchases
● Privac y laws
(Office of the Australian Information Commissioner)
Consumer’s information will not be released to public.
● Trade practice s act
(Federal Register of Legislation)
fair service as well as providing protection for consumers.
● Copyrig ht act
(Attorney-General’s Department)
Company licenses
Legislation
Discuss the legal and ethical considerations relating to this brief and how you will manage these Advertisin g regulator s
Governing areas in:
How Blue Sky Fitness would manage
● Advertising Standard Bureau
Manages the complaint resolution process of the advertising self-regulation system in Australia
Blue Sky should check all information such as their classes before advertise.
● Advertising
The peak body
Material that Blue Sky publish has a reasonable degree of
Federation of Australia
● Australian Communicati ons and Media Authority
● Australian
representing companies in advertising and marketing communications The ACMA is tasked with ensuring media and communications works for all Australians. It does this through various legislation, regulations, standards and codes of practice.
control.
All media campaigns of Blue Sky fitness would follow the regulation of the ACMA.
To protect consumer rights, business rights and obligations, perform industry regulation and price monitoring and prevent illegal anticompetitive behaviour.
The campaign will not
● Commerci al Radio Australia
The national industry body representing Australia's commercial radio broadcasters.
Advertise the campaign with the radio Australia.
● Free TV Australi a
Australia's commercial free-toair television licensees.
The company will not advertise the campaign on TV media.
Competition and Consumer Commission
discriminate and judge on consumers.
In addition, Blue Sky Fitness would also need to consider other factors as seen in the table below: Other ethical
Governing areas in:
How Blue Sky Outdoor would manage
consideratio ns ● Cultural expectation s and influences
Gender and ages play important role on the exercise.
The company focuses on specific which is 25-45 years old.
● Social
Single persons tend to join
Blue Sky targets on single people because he/she tends to join the gym.
responsibility i,e: (Protection of children, environmental issues, etc.)
the gym more than people who have children.
Task 2 Prepare an advertising budget What research resource requirements will you need for this campaign? ●
In order to facilitate adequate research resources to support Blue Sky advertising campaign planning, it is imperative that the company sets the criteria to be analysis
●
The table below address the various research methodology to be considered. Campaign research types
Criteria considerations
Marketing research
Target market of Blue Sky fitness such as people with age between 25-45 years old.
Attitude surveys
Secondary research
Group interviews
Focus on to maintain or improve sales, and measuring the market effect of new announcements Makes use of information previously researched for other purposes and publicly available. For instance, The factor as education that will not be considered by the company. To collect data from sample group to refer to the population.
Observation
The company will collect attitudes and feedbacks from people who join the gym.
Mystery shoppers
Evaluates customer service and quality control of new campaign.
Retail audits
Gather information on a sales volume, sales trends,effectiveness of in-store display and promotion efforts
Discuss the range of media options to be considered, stating what could be used, which you chose to use and why you made those choices.
●
Based on the following table, there is a range of media choices that Blue Sky Fitness will advertise on
Media options ● Aerial advertising ● Billboards
● Cable and satellite television ● Direct mail
● Direct response
● Exhibitions and trade fairs ● Podcast ● Radio
● Sales brochure ● Sales promotion
Justification (explain in briefly on its effectiveness in relation to Blue Sky Fitness)
Costing (estimate in AUD$)
No wastages, cut through, targeting, recall, non-static, social media, cost
$600
Cut through, cost , easy to capture
$500p er advent
U
No wastages, high amount of people who can see this advertise
$2,000
F
No wastages, people are likely to ignore
$300
U
No wastages, people are likely not to interest
$500
U
Cost, Targeting
$2,500
F
No wastages, recall, cost
$2,000
U
No wastages, recall, large amount of people who receive the advertis.
$1,000
U
cost, waste, people may ignore.
$800
U
targeting, easily reach people with the same interest.
$500
F
Feasibilit y (F or U) U
per advert
How would you budget to use the media options that you chose? Why do you believe that the budget allocated is sufficient to meet the objectives? ●
One of the more important decisions in the development of media strategy is cost estimating. The value of any strategy can be determined by how well it delivers the message to the audience with the lowest cost and the least waste. Blue Sky Fitness have in the past explored a number of factors, such as reach, frequency, and availability that affect this decision and as such, the marketing team must arrive at the optimal delivery by balancing cost with each of these as illustrated by the table below:
Blue Sky Fitness Quarterly Marketing Budget for Year 2 Media type
TVC/ YouTube
Total cost ($) 4,000
Q1 ($)
1,000
Q2 ($)
1,000
Q3 ($)
1,000
Q4 ($)
1,000
Brochures/ flyers
3,200
800
800
800
800
Radio
4,000
1,000
1,000
1,000
1,000
Website
1,600
400
400
400
400
Incentives
1,200
300
300
300
300
14,000
3,500
3,500
3,500
3,500
Total Sales Marketing Expenses
&
How will you ensure that you do not run over budget? ◆
◆
The advertising budgeting decision can be divided into two major components: (1)how much should be spent on advertising and promotion, and (2) how the total advertising and promotion money marked for different media, different products/services, geographic areas or target markets should be spent. The promotion budget is generally a major financial expenditure and will be closely scrutinized by top management. It is crucial therefore that such a decision be made with a careful and thorough consideration of potential effects, along with its constraints and limitations. There are several methods of determining an advertising budget and they are as follows:
Budget methodolo gy type
How does it work?
Constraint and limitation consideratio ns
Selection criteria
●
Percenta g e-ofsales
Cost of expense on the promotion increase significantly revenue.
If the promotion cannot help to increase the new customers to register for fitness, the company will stop on that.
Cost Targetin g
●
Competi ti veparity
allocating a budget for promotional activities that depends on what competitors are spending for similar activities.
Survey on the competitive budgeting on advertise.
Cost
●
Payou t plan
Monthly payout
The company budget Method to payout
●
Budgetin g based on competit io n
involves finding out exactly what competitors receive and
The competitor’s budget
Cost Budge t
spend in producing or providing their products or services,
Develop a schedule for proposed advertising activities By using SMART framework to achieve the company’s goal
SMART
Blue Sky Fitness Marketing Objectives
Specific
Example: Achieve 10% ($54,000/-) increase in sales for Year 2; to be realised in accordance as follows:
(objectives)
Quarterly
Measurab le (observable results based on 100% to be obtained)
Achievabl e
Q4($)
3,500
3,500
3,500
Sales ($)
69,400
14,850
14,850
14,850
14,,850
Centres
Budget Percentag e Allocation
Cair 25%
875
875
875
875
25%
875
875
875
875
● Syd 25% ney
875
875
875
875
● Me lbour ne
875
875
875
875
(out of 100% )
● Br isban e
(achievabl e timefram e)
Q3($)
3,500
● ns
Timeline
Q2($)
14,000
locations)
(resources and knowledge available)
Q1 ($)
Marketin g ($)
(by centre
Realistic
Budget forecast( $)
25%
Discuss what are the various documentation to support this plan of action. -Customer survey and feedback will let the company knows that the promotion fits with consumer’s need. Discuss what are the milestones which the company has to achieve and should there be any deviation, what are the contingencies in terms of timeline buffer provisions. The company should consider risk management that may occur in long term.
Discuss your choice of service provider and why you made this choice. Include discussion on the different quotes you received, expertise, cost and availability to justify your decision Based on Blue Sky Fitness’ budget, we will consider TV as a media to promote the new management Table 1 - Evaluation of TV station provider Media type
Television
Selection of media provider
Channel 7
Duration of TVC
Channel 9
SBS
Based on 15 second TVC $1740 6AM – 9AM
$900
Morning
Evaluation of estimates/ quotations
6AM – 9AM
Determining choice estimate/ quotation
peak time
Addressing any legal and ethical concerns
● Discuss the appropriate legislation and ethical issues cultur e gende r age These factors will not be presented in the ad.
peak time
$30
cost consideration
In addition, Blue Sky Fitness can also consider other media choice such as radio and Facebook ads. Evaluation of Media Choices Media type
Newspa per
Magazi ne
Radio
Cable TV
Google AdWor ds
Linked In Ads
Facebo ok Ads
Cost to reach 1000 people
$32
$20
$8
$7
$2.75
$0.75