What Is Promotion What Is Promotion Promotion is
- Slides: 22
What Is Promotion?
What Is Promotion? Promotion is one of the Four Ps of the marketing mix. Promotion is the process of telling people about a product or the company that offers it.
Q 1 - Promotion Is Marketing Communication Promotion is communication from an organization to § its customers § potential customers § the public Marketing communication is another term for promotion.
Q 2 - Goals of Promotion Role of promotion § to help a business achieve its goals by communicating with customers and the public Promotion § informs § expresses § persuades
Q 3 - Inform Businesses want to keep customers informed about § existing products § new features on existing products § how to use or assemble products § safety issues § charities, cultural organizations supported § events the business sponsors
Q 4 - Express Promotional messages express and entertain. § attracts customer attention to products § creates demand for products Messages that entertain or create emotion are more likely to be remembered.
Q 5 - Persuade Persuasion § use of logic, argument, or pleading to get another person to agree with you or act in a certain way § the ultimate goal of promotion is to persuade people to buy the product
Q 6&8 Communication Process The communication process in promotion § the marketer is the sender § the target market is the receiver
Q 7 – How Do Marketers Determine If a Promotion is Effective? Does it achieve its goal? Customer feedback can be obtained by ümonitoring sales üperforming market research
Q 9 - Business-to-Business (B 2 B) § The promotion that occurs when a business promotes its products to another business.
Q 9 - Business-to-Consumer (B 2 C) § The promotion that occurs when a business promotes its products directly to the consumer market.
Q 10 - Product Promotion vs Institutional Promotion § Product Promotion is marketing communication that focuses on the product and selling the product. ü Breakfast cereal ü A concert ü Safety messages § Institutional promotion is communication that focuses on the image of the organization. Products are not mentioned.
Q 11, 12 - Four Elements of Promotion The four elements of promotion: • personal promotion üpersonal selling • nonpersonal promotion üadvertising üsales promotion üpublic relations
Q 13 - Personal Promotion Personal selling § seller communicates in person with buyer § a selling message can be customized for each buyer based on immediate feedback from the customer § can occur on-site, over the phone, and over the internet
Advertising includes § print ads § commercials § Internet ads § outdoor advertising § transit advertising § direct marketing § e. g. , sales flyers
Sales Promotion Marketing activities designed to entice customers to buy a company’s products: ücoupons and rebates üfree samples üpremiums ücontests and sweepstakes üpromotional tie-ins üproduct placement üvisual merchandising
Public Relation & Publicity Public Relations Publicity üpromotional activities designed to create goodwill between a company and the public üProactive communication with the public for the purpose of image building üreactive public relations in response to negative events or damaging information üinformation about a company and its products that appears in the media ücompany does not pay for articles to be written no control over article content ümain tools of publicity: press release, press kit, and press conference (Q 14)
Q 15 - Advertising Advantages Disadvantages • Reach large number of people • Total cost is high • Low cost per contact 18
Q 15 - Publicity Advantages • • • Free Can be used to create a positive image within the community Viewed as being more credible or believable than advertising Disadvantages • Give up much of your control of your message • Not all publicity is positive 19
Q 16 - Pull and Push Strategies Common promotional strategies § pull strategy § push strategy
Pull Strategy Pull strategy § focuses advertising on customer to create demand § customers go to retail stores and demand the product Consumer demand pulls the product through the supply chain.
Push Strategy Push strategy § focuses on wholesalers, distributors, and retailers § these intermediaries buy the product and promote it to the next link in the supply chain § the last link, the retailer, promotes it to the consumer Intermediaries push the product through the supply chain.
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