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Advertisement and its importance
in Industrial Market
Industrial
Advertising
Team Members
Core D
Parth Sonawane BBA019276
Isha Walia BBA019303
Anmol Ratan Singh BBA019262
Mitesh Singh Suryavanshi BBA019283
Yashraj Srivastav BBA019280
Introduction,
Process
Industrial Advertising
3
Isha Walia
BBA019303
Introduction of Industrial
Advertising
The most popular terminology used for industrial advertising is Business to Business
advertising. This type of advertising generally includes a company advertising its products
or services for the companies which actually uses same or similar products or services or
we can say that the advertising company should produce the products which the other
company needs for its productions or functions. For e.g., some mineral water companies
which work on a smaller scale outsource the packaging bottles, the caps for bottles, the
cover with name printed on it, etc. so for this, the advertisements of the manufacturers of
bottles, caps and outer packaging paper can work.
4
Isha Walia
BBA019303
Process of Industrial Advertising
The strategies used in industrial advertising differ from company to company, as different
companies have different products to be advertised. So, a single rule cannot work for all
the companies’ advertisements. But the basic process which can lead to a successful
advertisement is: knowing the objective for advertising - identifying the target companies
- researching about the market conditions and the competitors - creating the ad to be
delivered - selecting media to be used - what should be the budget allotted - execution of
the advertisement - getting the feedbacks from the customers.
Isha Walia
BBA019303
Role
And Objectives
Of Industrial Advertising
Anmol Ratan Singh
BBA019262
Role of Industrial Advertising
Before understanding the role of advertising in industrial marketing, we must be aware
that there are certain forces that shape and influence organizational buying
decisions. Industrial purchasing decisions are typically joint decisions that insist an
industrial marketer to focus on all the individuals involved for a particular purchase.
Studies have also shown that an industrial salesperson does not reach even six to seven
out of ten purchase decision influencers. In such cases, advertisement that becomes the
only means of communicating fills the gap by reaching important buying influencers who
are sometimes inaccessible to the industrial sales force. It facilitates the company by
enhancing its brand image, increase the salesperson’s opportunity to create a sale.
Anmol Ratan Singh
BBA019262
 It minimizes the hunt for buyers.
 It helps in increasing sales of the company.
 It helps in making more and more distribution channels.
 It makes company work more efficiently to produce the desired
product or service.
 It creates awareness among the customers or other companies
about the products and services.
Anmol Ratan Singh
BBA019262
Objective of Industrial Advertising
 Create awareness: The industrial advertising creates awareness about a supplier or his
products to the potential industrial buyers who are unaware about the availability of their
products in the industrial markets.
 Reaching inaccessible places: There are places that are not reachable by the company sales
force and there are important decision makers for purchase of industrial products who cannot
be met by the sales force. These places could be reached easily through advertising. Thus,
advertising in trade journals, business magazines that are read by R&D Managers, engineers
help the companies to reach their target audience.
 Improve sales: Advertising helps salespersons to improve their sales by increasing their sales
efficiency and effectiveness as people are already aware of their company, products, etc.
 Reduce cost: A single advertising reaches a vast number of people that comes out cheaper
than a single salesperson meeting so many people personally and explaining them in details
about the company’s products. Thus, advertising not only reduces cost but also saves time of
the company.
Anmol Ratan Singh
BBA019262
Uses
Of
Industrial Advertising
Parth Sonawane
BBA019276
Uses of Industrial Advertising
 Reaching Buying Influences: Many a times the industrial market is not aware of the
influencers in the customer’s firm. As it becomes necessary to reach them at the of
decision-making advertisements can be a solution. The influencers after seeing the
advertisement would contact the industrial firm for information, thus identifying
themselves for later communication.
 Creating Awareness: Since customers go through a series of buying processes, they
have many parameters to consider, advertising alone will not lead to a sale. But it can
be used to create awareness among the customers so that at the time of considering
alternative vendors, the consumers recall the advertisement. At the time of release
of a new product into the market, an awareness of its existence can be
communicated through advertising.
Parth Sonawane
BBA019276
 Enhancing the Sales Call: Effectively planned advertising enhances the sales call by
arousing interest in the supplier’s offering and by helping to create supplier
preference. When buyers are aware of a company, its reputation, its products, and its
record in the industry, sales people are more effective.
 Increasing Overall Sales Efficiency: For some industrial producers, particularly
producers of industrial supplies, advertising maybe the only way of efficiency reaching
broad groups of buyers. Additionally, because little or no product differentiation exists
between many industrial supplies, marketers of such products frequently need to
remind users and potential users of their firms’ unique capabilities or make them
aware of new products and services.
 Supporting Channel Members: Manufacturers who use middlemen must support
those intermediaries’ efforts by ensuring that end markets are aware of their
products. While middlemen are interested in the producer’s support activities,
resellers, because they are positioned so closely to ultimate consumers, are even
more concerned with consumer acceptance.
Parth Sonawane
BBA019276
Limitations
And Types of
Industrial Advertising
Yashraj Srivastava
BBA019280
Limitations of Industrial Advertising
▫ Industrial advertising cannot substitute personal selling but it can definitely support,
supplement and complement that effort.
▫ Advertising can and should be used only for creating awareness and
providing information. Its purpose would be lost and the cost increases if it tries to
give all the details. Providing exhaustive information, objection handling, convincing
and converting a prospect into a customer that consumes lot of time should be
allowed to be handled by the direct sales force team.
▫ Advertising cannot create any product preference as this requires live
demonstration with explanation.
▫ Advertising cannot achieve the task of creating conviction and purchase. Such tasks
are achieved by personal selling.
Yashraj Srivastava
BBA019280
Media types in Industrial Advertising
The media generally used in the industrial advertising is print media and direct
marketing.
Print Media includes business magazines, trade publications, newspapers, technical
journals, etc. To make print media work
Direct Marketing includes:
1. Direct Mail - here, the newsletters, data sheets, and the brochures of the company
are directly mailed to the customers’ postal address.
2. Telephonic Advertising - the advertising is done by calling up the customers on their
telephones, giving messages on mobile phones, etc.
3. Online Advertising - includes companies sending e-mails to the customers or other
companies enclosing information about their products and services, putting online
banners, providing e-shopping options, etc. Yashraj Srivastava
BBA019280
Promotion,
And
Example of
Industrial Advertising
Mitesh Singh Suryavanshi
BBA019283
Promotion of Industrial Advertising
MAGAZINES: -
Delivers a perception of value and brand quality to a highly
qualified audience. More permanent and accessible.
Allowing brand messages to benefit from a longer lifecycle.
CORPORATE PROFILE/BROCHURE: -
Product Portfolio, Company Corporate profile, It gives
introduction of the company overview and product offering
EMAIL: -
Email marketing is directly marketing a commercial message
to a group of people using email. Involves using email to
send ads, request business, or solicit sales Mitesh Singh Suryavanshi
BBA019283
WEBCAST AND WEBINAR:
Webcast is a media file distributed over the Internet using
streaming media technology to distribute a single content source
to many simultaneous listeners/viewers. Webinar is a neologism to
describe a specific type of web conference. It is typically one-way,
from the speaker to the audience with limited audience interaction
Provide high brand visibility to a targeted audience.
CORPORATE WEBSITE:
The most effective websites capture lead information, provide
feedback within 24 hours, and offer downloads of white papers,
articles, event invitations, relevant links, etc.
ONLINE ADVERTISING:
Facebook, LinkedIn, Career Sites, Specialty Sites, Behavioral
Targeting, Blogs, Search Engine Marketing, Content Networks,
Placement Networks Objective of B2B Marketing – Web Marketing
Academy
Mitesh Singh Suryavanshi
BBA019283
Example
19
Mitesh Singh Suryavanshi
BBA019283
Thank You

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Industrial Advertising.pptx

  • 1. Advertisement and its importance in Industrial Market Industrial Advertising
  • 2. Team Members Core D Parth Sonawane BBA019276 Isha Walia BBA019303 Anmol Ratan Singh BBA019262 Mitesh Singh Suryavanshi BBA019283 Yashraj Srivastav BBA019280
  • 4. Introduction of Industrial Advertising The most popular terminology used for industrial advertising is Business to Business advertising. This type of advertising generally includes a company advertising its products or services for the companies which actually uses same or similar products or services or we can say that the advertising company should produce the products which the other company needs for its productions or functions. For e.g., some mineral water companies which work on a smaller scale outsource the packaging bottles, the caps for bottles, the cover with name printed on it, etc. so for this, the advertisements of the manufacturers of bottles, caps and outer packaging paper can work. 4 Isha Walia BBA019303
  • 5. Process of Industrial Advertising The strategies used in industrial advertising differ from company to company, as different companies have different products to be advertised. So, a single rule cannot work for all the companies’ advertisements. But the basic process which can lead to a successful advertisement is: knowing the objective for advertising - identifying the target companies - researching about the market conditions and the competitors - creating the ad to be delivered - selecting media to be used - what should be the budget allotted - execution of the advertisement - getting the feedbacks from the customers. Isha Walia BBA019303
  • 6. Role And Objectives Of Industrial Advertising Anmol Ratan Singh BBA019262
  • 7. Role of Industrial Advertising Before understanding the role of advertising in industrial marketing, we must be aware that there are certain forces that shape and influence organizational buying decisions. Industrial purchasing decisions are typically joint decisions that insist an industrial marketer to focus on all the individuals involved for a particular purchase. Studies have also shown that an industrial salesperson does not reach even six to seven out of ten purchase decision influencers. In such cases, advertisement that becomes the only means of communicating fills the gap by reaching important buying influencers who are sometimes inaccessible to the industrial sales force. It facilitates the company by enhancing its brand image, increase the salesperson’s opportunity to create a sale. Anmol Ratan Singh BBA019262
  • 8.  It minimizes the hunt for buyers.  It helps in increasing sales of the company.  It helps in making more and more distribution channels.  It makes company work more efficiently to produce the desired product or service.  It creates awareness among the customers or other companies about the products and services. Anmol Ratan Singh BBA019262
  • 9. Objective of Industrial Advertising  Create awareness: The industrial advertising creates awareness about a supplier or his products to the potential industrial buyers who are unaware about the availability of their products in the industrial markets.  Reaching inaccessible places: There are places that are not reachable by the company sales force and there are important decision makers for purchase of industrial products who cannot be met by the sales force. These places could be reached easily through advertising. Thus, advertising in trade journals, business magazines that are read by R&D Managers, engineers help the companies to reach their target audience.  Improve sales: Advertising helps salespersons to improve their sales by increasing their sales efficiency and effectiveness as people are already aware of their company, products, etc.  Reduce cost: A single advertising reaches a vast number of people that comes out cheaper than a single salesperson meeting so many people personally and explaining them in details about the company’s products. Thus, advertising not only reduces cost but also saves time of the company. Anmol Ratan Singh BBA019262
  • 11. Uses of Industrial Advertising  Reaching Buying Influences: Many a times the industrial market is not aware of the influencers in the customer’s firm. As it becomes necessary to reach them at the of decision-making advertisements can be a solution. The influencers after seeing the advertisement would contact the industrial firm for information, thus identifying themselves for later communication.  Creating Awareness: Since customers go through a series of buying processes, they have many parameters to consider, advertising alone will not lead to a sale. But it can be used to create awareness among the customers so that at the time of considering alternative vendors, the consumers recall the advertisement. At the time of release of a new product into the market, an awareness of its existence can be communicated through advertising. Parth Sonawane BBA019276
  • 12.  Enhancing the Sales Call: Effectively planned advertising enhances the sales call by arousing interest in the supplier’s offering and by helping to create supplier preference. When buyers are aware of a company, its reputation, its products, and its record in the industry, sales people are more effective.  Increasing Overall Sales Efficiency: For some industrial producers, particularly producers of industrial supplies, advertising maybe the only way of efficiency reaching broad groups of buyers. Additionally, because little or no product differentiation exists between many industrial supplies, marketers of such products frequently need to remind users and potential users of their firms’ unique capabilities or make them aware of new products and services.  Supporting Channel Members: Manufacturers who use middlemen must support those intermediaries’ efforts by ensuring that end markets are aware of their products. While middlemen are interested in the producer’s support activities, resellers, because they are positioned so closely to ultimate consumers, are even more concerned with consumer acceptance. Parth Sonawane BBA019276
  • 13. Limitations And Types of Industrial Advertising Yashraj Srivastava BBA019280
  • 14. Limitations of Industrial Advertising ▫ Industrial advertising cannot substitute personal selling but it can definitely support, supplement and complement that effort. ▫ Advertising can and should be used only for creating awareness and providing information. Its purpose would be lost and the cost increases if it tries to give all the details. Providing exhaustive information, objection handling, convincing and converting a prospect into a customer that consumes lot of time should be allowed to be handled by the direct sales force team. ▫ Advertising cannot create any product preference as this requires live demonstration with explanation. ▫ Advertising cannot achieve the task of creating conviction and purchase. Such tasks are achieved by personal selling. Yashraj Srivastava BBA019280
  • 15. Media types in Industrial Advertising The media generally used in the industrial advertising is print media and direct marketing. Print Media includes business magazines, trade publications, newspapers, technical journals, etc. To make print media work Direct Marketing includes: 1. Direct Mail - here, the newsletters, data sheets, and the brochures of the company are directly mailed to the customers’ postal address. 2. Telephonic Advertising - the advertising is done by calling up the customers on their telephones, giving messages on mobile phones, etc. 3. Online Advertising - includes companies sending e-mails to the customers or other companies enclosing information about their products and services, putting online banners, providing e-shopping options, etc. Yashraj Srivastava BBA019280
  • 17. Promotion of Industrial Advertising MAGAZINES: - Delivers a perception of value and brand quality to a highly qualified audience. More permanent and accessible. Allowing brand messages to benefit from a longer lifecycle. CORPORATE PROFILE/BROCHURE: - Product Portfolio, Company Corporate profile, It gives introduction of the company overview and product offering EMAIL: - Email marketing is directly marketing a commercial message to a group of people using email. Involves using email to send ads, request business, or solicit sales Mitesh Singh Suryavanshi BBA019283
  • 18. WEBCAST AND WEBINAR: Webcast is a media file distributed over the Internet using streaming media technology to distribute a single content source to many simultaneous listeners/viewers. Webinar is a neologism to describe a specific type of web conference. It is typically one-way, from the speaker to the audience with limited audience interaction Provide high brand visibility to a targeted audience. CORPORATE WEBSITE: The most effective websites capture lead information, provide feedback within 24 hours, and offer downloads of white papers, articles, event invitations, relevant links, etc. ONLINE ADVERTISING: Facebook, LinkedIn, Career Sites, Specialty Sites, Behavioral Targeting, Blogs, Search Engine Marketing, Content Networks, Placement Networks Objective of B2B Marketing – Web Marketing Academy Mitesh Singh Suryavanshi BBA019283