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An
advertising strategy should support the marketing
plan, which in turn supports the company business
plan.
In
the Real World you will rarely be handed a
marketing or business plan. So you'll normally
have to figure things out for yourself.
The
first step in the development of your
communications strategy could be, should be a SWOT
analysis.
Properly done, a Strengths Weaknesses
Opportunities and Threats assessment will give you
a 360 degree, full-color picture of the market,
the product or service, and the company.
>
How to
conduct a SWOT analysis.
There are two major parts to an advertising
strategy:
1) Assessment.
What's going on in the market, What's the history,
the current situation. What are the major trends
in the market, what's the future looking like?
With the product. With competitors. With consumer
attitudes.
2) Action
What should your client do about the the most
significant opportunities or problems presented by
the situation? What should you do with the brand.
With direct marketing. The Web site. The way the
company is positioned.
A
SWOT analysis will help you figure out the "What's
going on" part. And figure it out quickly.
The
"What to do" part of your ad strategy should
follow logically from the "What's going on" part.
Example: Say the SWOT analysis reveals that there
is serious and growing competition from price
slashers.
Your strategy might be:
A)
Position, or re-position the product: "Because
you're worth it - worth so much more then the
extra dollar."
B)
Invest in, create a stronger brand personality -
one based on an upscale, character that people
will aspire to associate with.
C)
Use traditional dm and the Internet / Web site to
target and sell younger buyers, new buyers, before
they have established a product / service /
company preference.
You
can see how your ad strategy addresses a business
issue, competitive price pressure, in the above
example.
You
can also see that the ad strategy deals with the
big issues: branding, positioning, and direct
marketing and media. And it does so with simple
action statements describing, high-level, what you
intend to accomplish.
Eventually your strategy will influence all the
details, down to the copy and design of your ads.
But start with an executive summary of the big
issues, the big picture.
"OK, Mr. President. Here's what's going on. Big
picture. One, two, three.
And
here's what we will do about it. Big picture. One,
two, three."
That's the essence of strategic leadership and
vision.
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