The Power of Targeted Marketing
Marketers use targeted marketing to promote products by narrowing the focus of their advertising to appeal to specific groups. Purchasing a product from this type of marketing can be more beneficial for both the consumer and producer.
Targeted marketing is most often used in the realm of political campaign strategies and advertising campaigns for large companies such as Coca-Cola. In order for a company's product to be successful, marketers must promote it in an efficient way that will appeal to their target audience. Targeted marketing allows companies or organizations to advertise their products directly towards those who will most likely buy them, ultimately increasing profit margins. This system also benefits consumers because they are able to find what they want while supporting a company that they identify with.
However, targeted marketing faces objections from the public because of the coercion involved. Some say that marketers are too quick to reduce the public to a series of numbers that becomes its sole purpose for being. Those who believe in this view argue that in order for a person to understand someone's character and personality, they need to be able to relate with them outside of their profession. Unfortunately, by reducing one's personality and character into a formula, consumers lose respect for their value as an individual. By following this view, marketers may be seen as "using" people instead of "listening" to them.
The term targeted marketing was first used in the 1930s by a journalist named Edward Bernays. Bernays was an American who promoted female consumption of cigarettes, a product that was not seen as attractive by most women at that point. He believed the best way to sell these particular items to a group of people would be to advertise "unattractive" ones that were also easy for women to smoke, such as Kent cigarettes and Chesterfield. This strategy was successful because it appealed to women's "insecurities" and created an image of smoking as glamorous and desirable.
This targeting system has been used by many major companies like Coca-Cola, General Mills, and even the US government. Campaigns for these organizations start with research on the demographics of the target audience, usually using a large sample set to determine who will be most likely to purchase the product. Researchers often use this information to create online ads that bring in more specific groups of people. Those advertisements are then presented in print, television, radio, and other forms of media in order to reach all possible people who might buy their product.
In 2008, PepsiCo put $135 million towards advertising a soft drink called Pepsi Next. This was a re-formulation of Coke's original product that had been popular for many years now. As part of this new campaign, consumers were given coupons for free soda and promised a great taste for only a low price. The commercials for this new product were widely criticized as fussing over taste and price, while not focusing enough on the actual product.
Transportation planners use target marketing to determine where to place bus routes. In order for the bus system to maximize profits and be efficient in a way that serves its community, planners must know where people are going and how they plan on getting there. Then, those areas can be strategically planned into routes that take the most advantage of their resources.
This method of marketing can also change Americans' view of certain places they might consider unpleasant or dangerous. One example is how African Americans sometimes avoid certain neighborhoods because they feel it will lower their social status. Targeted marketing through the media can alter these views by putting more positive images into people's minds. This helps people change their feelings and creates an environment where they feel more safe.
In a 2003 article in the "Journal of Advertising Research" titled, "The Effects of Media Violence on Children's Aggressive Behavior and Their Reactions to Violence", Dr. David M. Kosson at the University of North Carolina showed some empirical evidence for how targeting might affect children's aggressive behavior. For this study, he conducted two experiments involving 671 fifth graders from 36 elementary schools in North Carolina.
In 1968, Dr. Claude C. Hopkins created a plan in which mass advertising was essential for the success of his company's product, Rolls-Royce. Hopkins believed that, "Unless you can reach the masses and continue to reach them, you are bound to fail." These ideas from the "father of modern advertising" have become the most popular way that marketers use to approach their campaigns. One method used by marketers today is known as "direct marketing".
Direct marketing is a form of targeted marketing that involves advertisements that are directly sent to prospective customers via mail or e-mail. In order for this to work, a company must first set up an online system that will allow them to send customers their products. Companies must keep accurate records on which customers were sent an advertisement and which ones returned the product. The company may also use information such as purchasing history or website visits to determine how well its advertisements are working, and adapt its strategies accordingly. This can be seen as a form of "market research" that can be used by marketers to measure product effectiveness or performance.
Advertising agencies have come up with many ways of using targeted marketing in order to make their products more appealing and beneficial for the public. One method, known as "interruption advertising", is the television commercial that interrupts other shows in order to convey their message. Advertisers use this method because it allows them to send a very clear message to a large audience and it is also a low cost way of reaching customers. Another method of advertising, called "affinity marketing", involves using celebrities to promote certain products. This can be seen in the many commercials that use stars such as athletes or musicians to sell their products.
In 2017 advertisers spent $183 billion on ads targeting specific consumer groups (e.g., women, African Americans), $16 billion more than they spent in 2008.
One of the most controversial examples of targeted marketing is how the American government used this form of marketing in order to promote its overseas agenda. The "Think Small" campaign, which was created in 1958 by advertising executive Bruce Barton, promoted a low-budget image for Germany, which at that time was still trying to recover from World War II and regain its power in Europe. The campaign accomplished this by creating commercials that featured small houses and small-scale technology. This new image had a positive impact on American involvement with Germany until Germans started rebelling against their new "low status" position because it affected their national pride.
Targeted marketing can be used for many reasons depending on the product or service being sold. The service-orientated marketer uses targeted marketing to create a better understanding of the needs of the target market. This results in a better understanding of how the service needs can be met and how well they are meeting them. The manufacturer uses targeted marketing to make sure that manufacturing supply meets demand, while an exporter uses targeted marketing to determine which markets best suit their products.
Targeted marketing is an expensive form of advertising compared with mass marketing as it requires advertisers to create specific messages for different groups of people (called "segments").
Conclusion:
Today, marketing is becoming a more person-specific and personal experience. Advertising strategies are focused on gaining information that will help market the product to a specific audience. The goal is to use those target areas to most effectively reach target audiences. This can be accomplished by using research methods such as questionnaires, focus groups, surveys, online forms and consumer panels. These research tools are effective in helping the marketer to gather information about their customers and use it to develop products for them. Marketers want to make sure that their advertising campaign is directed at the most profitable audience possible; this requires specialized segmentation techniques that can be achieved through finding consumer patterns through data analysis or by using previously collected data by other companies in similar industries.
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