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Marketing communications

Marketing channels and tools used together

  • 58 min read
  • 15 chapters

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Through Marketing, Advertising and Personal selling

MC are made up of the marketing mix which is made up of the 4 Ps (Price, Promotion, Place and Product), for a business selling goods, and made up of 7 Ps: Price, Promotion, Place, Product, People, Physical evidence and Process, for a service-based business.

Overview

Marketing communications include advertising, promotions, product sales, branding, advertising campaigns, events, and online promotions. This process allows the public to become aware of a brand and gain a clear idea of what it has to offer. Brand awareness is the first stage, while brand preference over its competitors is the desired outcome. Due to growing technology and techniques, customers can participate directly. This is achieved by including their ideas and creations in product development and brand promotion. Successful branding involves targeting audiences who appreciate the organization's mission and vision, business values, and marketing program.

Advertising is a small but important part of marketing communications; the marketing communications mix is a set of tools that can be used to deliver a clear and consistent message to target audiences. It is also commonly called the promotional mix. Crosier (1990) states that all terms have the same meaning in the context of the 4Ps: product, price, place, and promotion. Price can send a message to the target audience. For example, when comparing a $50 bag to a $10 bag, the former may be viewed as a luxury or more durable item. The higher goal of advertising is to establish a relationship between the brand and its target market.

The marketing plan identifies key opportunities, threats, weaknesses, and strengths, sets objectives, and develops an action plan to achieve marketing goals. Each section of the 4P's sets its own objective; for instance, the pricing objective might be to increase sales in a certain geographical market by pricing a product or service lower than competitors. This can create a significant change in the market because more people in the target market may choose to do business with your organization, as pricing is one of the most significant aspects of marketing and can influence the whole market positively or negatively.

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