In today’s competitive world, companies choose to advertise their products in the
print or electronic media, depending on the type of products, to influence customers
to purchase their products. It is very important that it stays in the minds of the
consumers when they decide to purchase the product. Advertisers and their agencies
are demanding maximum returns on the investment in advertising. Products can
make their presence felt in more than one media to effect a higher penetration in
the market. This paper discusses the impact of advertising in more than one media,
using the Impact Multiplier Theory.
In today’s business, advertisers and their
agencies are demanding maximum returns
on the investment in advertising. The
impact of advertising on the awareness and
recall of the product has to be studied.
Products which make their presence felt
in the electronic as well as the print media,
have higher penetration than the ones
present in the electronic media alone. This
paper derives its base from the “Impact
Multiplier Theory”. This theory assumes
that when two or more media are used for
making communications externally, the
combined impact is more than the sum total
of their individual impact.
Some companies choose to advertise
their products in the print media,
electronic media, individual or direct,
depending on the type of the products, in
order to appeal to consumers in different
ways so that they are influenced to buy
products. Moreover, the time and the type
of economy are also to be taken care of, for
advertising to create a competitive
advantage. It is very important that the
advertisement stays at the top of buyers’
minds when they make decisions to buy
the product. The advertisers are interested
in maximizing their profit by advertising
frequently and showing that the effect of
print, electronic or trade shows definitely
increase the awareness, interest and
purchase of the products by the customers. |