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There are several models that are utilised to implement integrated marketing communication in this complex field. The majority of businesses handle integrated marketing communications through a distinct department. Since it's a new area, a lot of students end up working in positions where IMC is the main responsibility.
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What is Integrated Marketing?
A systematic strategy to coordinating all of your marketing initiatives is integrated marketing, also referred to as integrated marketing communication (IMC). It involves giving your target audience a smooth and uniform brand experience over all of the many channels you use to connect with them.
What Are the Core Components of IMC?
Here are the core components of IMC:
- Advertising : Any paid non-personal communication regarding a company, brand, organisation, item, or service is included in this. Traditional media including print, radio, television, and online advertising.
- Public Relations : This focuses on fostering connections with important stakeholders and controlling a business's public image (media, consumers, investors, etc.). Press releases, events, media relations, and corporate social responsibility programmes are some of the things that are included.
- Sales Promotions : These are transient marketing initiatives meant to boost revenue right away. Discounts, coupons, competitions, free samples, and loyalty plans are a few examples.
- Direct Marketing : This entails utilising platforms like email marketing, telemarketing, or direct mail to communicate directly with target audiences.
Personalised communications are possible, and it fosters ties with both current and new clients.
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Step-By-Step To Develop An IMC Plan
To help you through the process, use the following methodical approach:
- Establish Your Objectives and Target Market : With your IMC strategy, what goals do you want to accomplish? Establish SMART objectives. Create a thorough profile of your target client that includes their media consumption patterns, psychographics, and demographics.
- Perform Research : Examine the SWOT analysis—Strengths, Weaknesses, Opportunities, and Threats—that apply to your product or brand. You may determine which locations can benefit most from your marketing efforts by using this internal and external study.
- Show Off Your Expertise : Provide instances of effective (or ineffective) IMC campaigns together with a succinct explanation of their success or failure. Demonstrate your understanding of the issues or developments in integrated marketing communications today.
- Create IMC Tactics & Strategies : Decide which communication channels to utilise to connect with your intended audience. A combination of conventional and digital marketing channels may be used for this. Provide detailed delivery strategies for each channel you've selected.
- Allocation of Budget : Distribute your marketing spend among the selected channels and techniques in a calculated manner. When making these choices, take into account the possible return on investment (ROI) for each channel.
- Keep An Eye on And Evaluate : For every marketing goal, establish key performance indicators (KPIs). These metrics will assist you in monitoring the effectiveness of your IMC strategy and tracking your advancement towards your objectives.
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