Podcast
Questions and Answers
A business is considering shifting its advertising budget from television to online platforms. Which factor would be the MOST important consideration in making this decision?
A business is considering shifting its advertising budget from television to online platforms. Which factor would be the MOST important consideration in making this decision?
- The potential for online advertisements to reach a larger audience than television.
- The lower cost of producing online advertisements compared to television commercials.
- The immediate impact and memorability of television commercials compared to online ads.
- The ability to target advertisements to specific demographics and user interests online. (correct)
A marketing firm uses browsing history to display personalized ads. Which scenario exemplifies this practice?
A marketing firm uses browsing history to display personalized ads. Which scenario exemplifies this practice?
- A user sees an ad for a local restaurant after searching for nearby attractions.
- A user sees an ad for noise-canceling headphones after viewing a competitor's product page.
- A user sees ads for laptops after researching different CPU types on a tech forum. (correct)
- A user sees an ad for hiking boots immediately after purchasing a tent online.
What is the primary characteristic that distinguishes viral advertising from traditional advertising methods?
What is the primary characteristic that distinguishes viral advertising from traditional advertising methods?
- Viral advertising targets specific demographics, while traditional advertising aims for mass appeal.
- Viral advertising is more expensive to produce and distribute than traditional advertising.
- Viral advertising depends on consumers sharing the message, while traditional advertising relies on paid placement. (correct)
- Viral advertising relies on electronic transmission of messages, while traditional advertising uses print and broadcast media.
How does viral advertising leverage electronic communication to amplify its reach?
How does viral advertising leverage electronic communication to amplify its reach?
A small business wants to improve customer engagement using social media. Which strategy aligns with this goal?
A small business wants to improve customer engagement using social media. Which strategy aligns with this goal?
A company aims to improve customer engagement and drive traffic to its website using digital marketing. Which strategy would best leverage the benefits of both targeted reach and direct website linkage?
A company aims to improve customer engagement and drive traffic to its website using digital marketing. Which strategy would best leverage the benefits of both targeted reach and direct website linkage?
A small business with a limited marketing budget seeks a cost-effective advertising method that allows for immediate response to industry trends and direct customer interaction. Which approach aligns best with these requirements?
A small business with a limited marketing budget seeks a cost-effective advertising method that allows for immediate response to industry trends and direct customer interaction. Which approach aligns best with these requirements?
An e-commerce company wants to enhance customer loyalty and inform customers about new product offerings without being intrusive. What strategy would be most effective in achieving this?
An e-commerce company wants to enhance customer loyalty and inform customers about new product offerings without being intrusive. What strategy would be most effective in achieving this?
A marketing manager notices a decline in website traffic from social media campaigns despite maintaining a consistent posting schedule. Which action would be most effective in addressing this issue?
A marketing manager notices a decline in website traffic from social media campaigns despite maintaining a consistent posting schedule. Which action would be most effective in addressing this issue?
A business seeks to leverage the data collected from customer interactions to personalize its marketing efforts. Which approach would be the MOST effective in using this data ethically and efficiently?
A business seeks to leverage the data collected from customer interactions to personalize its marketing efforts. Which approach would be the MOST effective in using this data ethically and efficiently?
Flashcards
Online Targeted Advertising
Online Targeted Advertising
Advertising directed only at consumers likely to be interested, based on browsing habits and online data.
Viral Advertising
Viral Advertising
A marketing strategy that encourages people to pass on messages about a product electronically, leading to rapid message exposure.
Social Media Advertising
Social Media Advertising
Using social media platforms like Facebook, Twitter, and Instagram for advertising and marketing purposes.
Marketing Data Compilation
Marketing Data Compilation
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Misdirected Advertising Waste
Misdirected Advertising Waste
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Digital Advertising
Digital Advertising
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Accurate Ad Targeting
Accurate Ad Targeting
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E-Newsletters
E-Newsletters
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Personalized E-Newsletters
Personalized E-Newsletters
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Study Notes
- Many businesses are re-allocating advertising expenditure to new technological methods, such as online businesses, mobile devices, and social media platforms.
Online Targeted Advertising
- Traditional advertising methods often directed adverts at many people who would never buy the product, resulting in wasted money.
- New technology allows adverts to be more targeted, directing them only at people likely to be interested in the product.
- Businesses use browsing habits and data collected from online users to personalize adverts.
- Marketing companies compile records of users' browsing habits and sell them to businesses for tailored advertising.
- This avoids wasting money on misdirected adverts.
- Someone browsing websites to book a flight from Mumbai to Colombo might later see adverts for such flights on unrelated websites.
Viral Advertising
- Internet advertising has provided the opportunity for viral advertising.
- Viral advertising involves encouraging people to pass on messages about a product or business electronically.
- This creates the potential for exponential growth in message exposure.
- These strategies exploit rapid multiplication as people send messages to family, friends, and colleagues, who in turn send them on again.
- People can send text, images, photographs and video clips relating to a marketing message
- A successful example is Disney's film clip showing Disney characters interacting with shoppers in the USA.
Social Media
- The use of social media platforms, such as Facebook, Twitter, Instagram, and Tumblr, in advertising is growing rapidly.
- In 2015, the internet had 3170 million users.
- There are 2300 million active social media users and 91% of retail brands use two or more social media channels.
- Internet users have an average of 5.54 social media accounts.
- Social media users have risen by 176 million in the last year.
- The amount spent by businesses on digital advertising will soon be greater than the amount spent on television advertising.
- Social networks gather lots of information about users, allowing businesses to target their adverts more effectively.
- Every click, view, and sign-up is recorded when people use the Internet.
Advantages of Using Social Media in Advertising
- Relatively cheap compared with other methods.
- Businesses can respond immediately to developments in the industry.
- Improves quality of customer service due to instant communication with customers.
- Has a huge reach - billions of people.
- Adverts can be accurately targeted.
- Links can be used to draw traffic into company websites.
E-Newsletters
- Some businesses send customers e-newsletters, which are documents sent electronically to interested parties.
- These contain a range of content not just related to shopping, such as industry news, statistics, and lifestyle tips.
- They are only sent to customers who have already purchased goods or services or expressed interest.
- E-newsletters may also be personalized, making them less likely to be treated as spam.
- Provided they are not too long and contain interesting information, they can help develop customer relationships and bring attention to new buying opportunities.
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Description
Explore online targeted and viral advertising methods. Learn how businesses leverage browsing habits and data for personalized adverts, and how viral advertising encourages audience sharing to amplify reach.