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Week 3: Selecting the Target Audience

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Week 3: Selecting the Target Audience
Chapter 6
Step 1: Selecting Target Audience
- Key Concepts
- Brand loyalty: reflection of awareness, attitudes and behaviour
- attitude of target audience
- Brand loyalty: reflection of awareness, attitudes and behaviour
- Key Concepts
Broad Target Audience Groupings
- Target Audience Groups
- 5 buyer groups:
- Brand loyals: regualarly buy your brand in a category
- Favourate brand switchers: who buy your brand but also buy competitor brands
- Other brand switchers: more than one competitor brand but NOT your brand
- New category users: who are entering the category for the first time or re-entering after a long time
- Other brand switchers: more than one competitor brand but NOT your brand
- Favourate brand switchers: who buy your brand but also buy competitor brands
- Brand loyals: regualarly buy your brand in a category
- 5 buyer groups:
- Antonides and van Raaij target audience in three levels:
- General groups: defined by descriptive characteristics such as standard demographics and lifestyle variables
- Domain-specific groups: defined in terms of characteristics associated with a product category
- Brand-specific groups: described in terms of such things as brand loyalty, beliefs about a brand and buying intentions
- Domain-specific groups: defined in terms of characteristics associated with a product category
- General groups: defined by descriptive characteristics such as standard demographics and lifestyle variables
- Target Audience Groups
Loyalty in Target Audience Selection
- brand loyalty/ bran attitude/ brand equity
- degree of loyalty to brand & competition
- loyalty = purchase brand based on awareness of it/ level of preference
- brand switchers = moderate prefernces
- Loyalty Model Gourpings - how involved a person is with the categoy/how satisfied
- loyal = highly satisfied with brand/ unlikely to swtich
- Vulnerable = satisfied with brand, but little perceived risk in switching
- Frustrated = not satisfied with their brand, but feel that the risk is greater than potential gain in switching
- switchable - neither satisfied with brand nor inhibited in switching
- Frustrated = not satisfied with their brand, but feel that the risk is greater than potential gain in switching
- Vulnerable = satisfied with brand, but little perceived risk in switching
- strong brand equity = reducing vulnerability to competitor
Costs in Selecting a Target Audience
- a trial objective - cost of gaining these new customers
- Repeat purchaser objective = increasing usage
- cost greater when gaining new users
Profiling Target Audience
- Personality Traits
- Self Esteem
- Simple message = lower self esteem = more likely persuaded
- Complex = high self esteem = more pursuded
- Simple message = lower self esteem = more likely persuaded
- Intelligence
- more intelligent = lesser repetition
- ability to deal with complex message
- more intelligent = lesser repetition
- Introversion/Extroversion
- extroverts like novelty and change
- introverts value privacy & close friends
- variables affecting persuasion
- Self Esteem
- General level characteristics - permanent characteristics of people such as:
- objective characteristics - age/income/ residence
- subjective - lifestyle/personality
- objective characteristics - age/income/ residence
- Personality Traits
Segementation
- Defining target MARKET not audience
- But select target market THEN identify target audience
- Variable is ATTITUDE
- Defining target MARKET not audience
Links to Communication Strategy
- fundamental distinction between customers and non
- vulnerables - need to have their brand attitude strengthened
- frustrated and switchable - require building of a more favourable brand attitude (because of lower satisfaction)
- Loyals - part of target audience - essetnatial to maintain postitive brand attitude
- frustrated and switchable - require building of a more favourable brand attitude (because of lower satisfaction)
- vulnerables - need to have their brand attitude strengthened
- fundamental distinction between customers and non
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- MARK333 Mind Map on Week 3: Selecting the Target Audience, created by rj945 on 05/04/2015.
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