Embed
Email

MarCom_Agencies_handout

Document Sample

Shared by: xiaohuicaicai
Categories
Tags
Stats
views:
0
posted:
10/28/2011
language:
pages:
7
Dia 1 1









Marketing

Communications

MarCom - Agencies



Xavier Delcourt

HiFive | TRAINING









© 2011 Pearson Education, Inc. Source: the truth about advertising – Duvall Guillaume

© 2011 www.HiFive.be/TRAINING









Dia 2 2

An advertising agency or ad agency is

MarCom Agencies

• The best agencies create value:

a service business dedicated to

– By giving a product personality

– By communicating so as to

creating, planning and handling

shape a basic understanding of

the product

– By creating an image or

advertising (and sometimes other

memorable picture of the

product

– By setting the product apart

forms of promotion) for its clients. An

from its competitors

• Great advertising must do more

than inform, it must “tailor the

ad agency is independent from the

product story to a potential

customer” client and provides an outside point of

© 2011 Pearson Education, Inc.

© 2011 www.HiFive.be/TRAINING

Source: the truth about advertising – Duvall Guillaume

view to the effort of selling the client's

products or services. An agency can

also handle overall marketing and

branding strategies and sales

promotions for its clients.

Typical ad agency clients include

businesses and corporations, non-

profit organizations and government

agencies. Agencies may be hired to

produce television commercials and

radio commercials as part of an

advertising campaign.

Dia 3 3

Ad agencies come in all sizes and

Why Hire an Agency?

• Use an independent agency to:

include everything from one or two-

– Get objective advice

– Get an experienced staff of experts

person shops (which rely mostly on

– Get the management skills necessary to

accomplish the communications campaign freelance talent to perform most

• Use an in-house agency to:

– Allow individuals to become technical

experts on products being advertised

functions), small to medium sized

– Receive priority for client and client’s needs

– Require minimum staffing

agencies such as Traction (agency),

large independents such as SMART

© 2011 Pearson Education, Inc.

© 2011 www.HiFive.be/TRAINING

and multi-national, multi-agency

conglomerates such as Omnicom

Group, WPP Group, Publicis,

Interpublic Group of Companies and

Havas.



Generalized advertising agencies

Creative agencies specialize in

"creative" or design-based business

models: their basic interest is in the

creation of the advertisement or

branding. Other ("full-service")

agencies offer design in conjunction

with media buying. Media agencies

concentrate on media buying. (In the

1990s, media and creative were often

unbundled in the interests of

economies of scale in buying media.)

The client who chooses to use a

design only based advertising agency

must assume some of the advertising

purchasing. These are activities that

are routinely handled by an agency

with a media buying option. Media

buying agencies are oftentimes a good

choice for larger businesses. These

agencies can assume greater

responsibility for the strategic

planning and function of an

advertising campaign. The advantage

to a design only-based agency is there

is no third-party ordering the service.

In turn, cost can be lower and is

oftentimes a good alternative for

smaller businesses.

Specialist advertising agencies

In addition to the full-service, general-

line advertising agencies, there are

also agencies that specialize in

particular kinds of advertising:

recruitment, help-wanted, medical,

classified, industrial, financial, direct-

response, retail, yellow pages,

theatrical/entertainment, investment,

travel, and so on.

Specialization occurs in such fields for

a variety of reasons. Often, as in

recruitment advertising, for example,

specialized media or media uses are

involved that require knowledge and

expertise not ordinarily found in a

general-line agency. In other cases,

such as medical or industrial

advertising, the subject is technical

and requires that writers and artists

have training in order to write

meaningful advertising messages

about it.

Such specialist advertising agencies

are also usually "full-service," in that

they offer all the basic advertising

agency services in their area of

specialization plus other, peripheral

advertising services related to their

area of specialization.

In-House advertising agencies

Some advertisers believe that they can

provide such advertising services to

themselves at a lower cost than would

be charged by an outside agency.

Interactive agencies

Interactive agencies may differentiate

themselves by offering a mix of web

design/development, search engine

marketing, internet

advertising/marketing, or e-

business/e-commerce consulting.

Interactive agencies rose to

prominence before the traditional

advertising agencies fully embraced

the Internet. Offering a wide range of

services, some of the interactive

agencies grew very rapidly, although

some have downsized just as rapidly

due to changing market conditions.

Today, the most successful interactive

agencies are defined as companies

that provide specialized advertising

and marketing services for the digital

space. The digital space is defined as

any multimedia-enabled electronic

channel that an advertiser's message

can be seen or heard from. The 'digital

space' translates to the Internet,

kiosks, CD-ROMs, DVDs, and lifestyle

devices (iPod, PSP, and mobile).

Interactive agencies function similarly

to advertising agencies, although they

focus solely on interactive advertising

services. They deliver services such as

strategy, creative, design, video,

development, programming (Flash and

otherwise), deployment,

management, and fulfillment

reporting. Often, interactive agencies

provide: digital lead generation, digital

brand development, interactive

marketing and communications

strategy, rich media campaigns,

interactive video brand experiences,

Web 2.0 website design and

development, e-learning Tools, email

marketing, SEO/SEM services, PPC

campaign management, content

management services, web

application development, and overall

data mining & ROI assessment.







Dia 4 4





Types of Agencies



• Full-service agency

– Agency that includes account

management, creative services,

media planning and buying, and

account planning









© 2011 Pearson Education, Inc.

© 2011 www.HiFive.be/TRAINING

Dia 5 5





How Agencies are Organized

• Account management

– Liaison between the client and the agency

• Creative development and production

– Creative directors, creative department

managers, copywriters, art directors,

producers









© 2011 Pearson Education, Inc.

© 2011 www.HiFive.be/TRAINING









Dia 6 6

Media Buyers are individuals

How Agencies are Organized

responsible for purchasing time and

• Media buying and planning

– Recommends the most effective means of delivering advertising space for the purpose of

the message to the target audience

• Account planning and research advertising. When planning what to

– Gathers intelligence on markets and consumers

• Internal services buy, they must evaluate factors based

– Traffic, print production, human resource staff

on but not limited to station formats,

pricing rates, demographics,

© 2011 Pearson Education, Inc.

© 2011 www.HiFive.be/TRAINING

geographic, and psychographics

relating to the advertisers particular

product or service objectives. The

Media Buyer needs to optimize what

is bought and that is dependent on

budget, type of medium (radio,

internet, TV, print), quality of the

medium (target audience, time of day

for broadcast, etc.), and how much

time and space is wanted. Media

Buyers can purchase spot, regionally,

or nationally. National Media Buyers

might have to factor in determinates

based on a state by state basis. Rates,

demand of leads, space, and time, and

state licenses will vary from state to

state. National Media Buyers will need

National Media Planning to generate

National Media Marketing strategies

and National Media Advertising that

can be adaptable from area to area

but also work on a national level.

Dia 7 7

The payment of commission as

Agency remuneration

• How agencies make money

remuneration for services rendered or

– Commission

• Amount charged to client as a

percentage of the media cost!!!

products sold is a common way to

– Retainer

• Amount of money to be paid so the reward sales people. Payments often

agency is available, or to start working



– Fee

on a project

will be calculated on the basis of a

• May vary by department or may be a

flat hourly rate. Charges are included

for out-of-pocket expenses and media

charges are billed to the client

percentage of the goods sold. This is a

– Commission on deliverables

• Print, events, … way for firms to solve the principal-

© 2011 Pearson Education, Inc.

© 2011 www.HiFive.be/TRAINING

agent problem, by attempting to

realign employees' interests with

those of the firm.

Although many types of commission

schedules exist, a common form is

known as On Target Earnings, where

commission rates are based on the

achievement of specific targets that

have been agreed upon between

management and the salesperson.

Commissions are intended to create a

strong incentive for employees to

invest maximum effort into their work.

Note that often a firm embracing a

commission structure may not involve

employees, but may solely establish

themselves using independent

contractors. An example of this could

be a real estate agent.

Offering compensation in the form of

commission alone is known as straight

commission. Compensation may also

take the form of commission plus a

fixed salary. Industries where

commission is commonly paid include

car sales, property sales, insurance

broking and many other sales jobs.

A side effect of commissions is that in

some cases, they can result to

salespeople resorting to dishonest and

fraudulent business practices in order

to increase their sales.[1]



A retainer agreement is a work for

hire contract. It falls between a one-

time contract and full-time

employment. Its distinguishing feature

is that the employer pays in advance

for work to be specified later.

Additional contracts regarding the

performance of this work may also

apply.

It is common for a person seeking the

services of a lawyer (attorney) to pay a

retainer ("retainer fee") to the lawyer,

to see a case through to its conclusion.

In addition to the retainer fee, an

agreement between a client and an

attorney may provide for a

"contingent fee". Retainer fee can be

paid on a fixed, pre-negotiated rate or

on a variable hourly rate depending on

the nature of retainer and also, the

practice of the lawyer/advocate being

retained. Both models exist in the

industry. The purpose of a retainer fee

is to insure payment for future

services or work to be rendered.

Absent an agreement to the contrary,

a retainer fee is refundable if the work

is not performed.



A fee is the price one pays as

remuneration for services. Fees

usually allow for overhead, wages,

costs, and markup.

Traditionally, professionals in Great

Britain received a fee in

contradistinction to a payment, salary,

or wage, and would often use guineas

rather than pounds as units of

account. Under the feudal system, a

Knight's fee was what was given to a

knight for his service, usually the

usage of land.


Shared by: xiaohuicaicai
Other docs by xiaohuicaicai
LOGFRAMES_ MONITORING AND EVALUATION
Views: 0  |  Downloads: 0
JELSApndx3SophLanguage
Views: 0  |  Downloads: 0
1997TrumpetCompetitionNYTimes
Views: 0  |  Downloads: 0
Eng_wk52_31
Views: 0  |  Downloads: 0
ENVIRONMENTAL MONITORING PROGRAMME FOR
Views: 0  |  Downloads: 0
Marketing - Ulster Business School
Views: 0  |  Downloads: 0
speech-swallowing
Views: 1  |  Downloads: 0
May_FY11_Awards_Report_Web
Views: 0  |  Downloads: 0
By registering with docstoc.com you agree to our
privacy policy

You are almost ready to download!

You are almost ready to download!