FASHION

INTRO TO FASHION MARKETING - A3

Communication objective(s) for the campaign for 3 months - 1 year Creative Concept/ Key Messaging Media Selection Budget & ROI Campaign Calendar

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DETAILED INSTRUCTION

A/ Assignment recap

    Communication objective(s) for the campaign for 3 months - 1 year

    Creative Concept/ Key Messaging

    Media Selection

    Budget & ROI

    Campaign Calendar

 

Suggested structure

 

I. Communication objectives

II. Creative Concept/ Key Messaging

III. Media Selection

IV. Budget & ROI

V. Campaign Calendar

 

B/ Key term definition

 

Marketing goals and communication objectives are related but distinct concepts within a company's marketing and communication strategies. Here's a breakdown of the key differences between the two:

    Focus:

    Marketing Goals: Marketing goals are broader and encompass the overall objectives a company aims to achieve through its marketing efforts. These goals often include aspects like revenue growth, market expansion, customer acquisition, and product development. Marketing goals address the "what" and "why" of a marketing strategy.

    Communication Objectives: Communication objectives, on the other hand, are more specific and focus on the desired outcomes of communication activities. They relate to how a company intends to convey its messages to the target audience and what specific actions or responses it expects from the audience. Communication objectives address the "how" of a marketing strategy.

    Scope:

    Marketing Goals: Marketing goals cover a wide range of aspects, including product/service offerings, pricing, distribution, branding, customer segmentation, and overall business growth. They consider the holistic view of the market and the company's position within it.

    Communication Objectives: Communication objectives are primarily concerned with the messaging and promotion aspect of marketing. They focus on how to effectively convey information, build brand awareness, influence customer perception, and encourage specific actions (e.g., purchase, sign-up, or engagement).

    Timeframe:

    Marketing Goals: Marketing goals are often set for longer timeframes and may be associated with annual, quarterly, or multi-year planning cycles. They reflect the company's strategic direction over a significant period.

    Communication Objectives: Communication objectives are typically more short-term and campaign-specific. They are designed to achieve specific outcomes within a defined period, such as the duration of a marketing campaign or product launch.

    Examples:

    Marketing Goals: Examples of marketing goals include increasing market share by 10% over the next year, achieving a 15% growth in annual revenue, or expanding into three new geographic markets.

    Communication Objectives: Examples of communication objectives include raising brand awareness by 20% among the target audience within a three-month campaign, generating 1,000 new leads through a content marketing campaign, or increasing website traffic by 30% in the next quarter.

In summary, marketing goals are overarching objectives that guide a company's marketing strategy and align with its overall business objectives, while communication objectives are specific, tactical aims related to messaging and audience engagement within the context of a marketing campaign or initiative.

 

ROI, or Return on Investment, is a financial metric used to evaluate the profitability and effectiveness of an investment or business endeavor. It measures the return or profit generated from an investment relative to its cost. ROI is expressed as a percentage and is typically used to assess the financial performance of marketing campaigns, business projects, or investments.

The formula to calculate ROI is as follows:

ROI (%) = [(Net Profit / Cost of Investment) * 100]

    Net Profit: The total profit or revenue generated from the investment.

    Cost of Investment: The total cost or expenses associated with the investment.

 

C/ Detailed guideline

 

I. Communication objectives

Developing communication objectives requires careful planning and consideration of your brand's specific goals and target audience.

    Understand Your Campaign's Purpose:

    Start by clarifying the primary purpose of your fashion brand's campaign. Is it to increase brand awareness, promote a new product line, boost online sales, engage with your audience on social media, or achieve another specific goal?

    Know Your Target Audience:

    Identify the specific segment of your target audience that you want to reach during the campaign. Consider demographics, interests, behaviors, and preferences. Understanding your audience is crucial for crafting tailored messages.

    Set Measurable Objectives: Communication objectives should be specific, measurable, achievable, relevant, and time-bound (SMART). Examples of measurable objectives include:

    Increase website traffic by 20% within the campaign duration.

    Generate 10,000 new followers on Instagram over three months.

    Achieve a 15% click-through rate (CTR) on email marketing campaigns during the campaign period.

    Increase online sales by 25% compared to the previous year.

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