Fashion Promotion Mix 2009

48
Fashion Promotion Mix

Transcript of Fashion Promotion Mix 2009

Page 1: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 1/48

Fashion Promotion Mix

Page 2: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 2/48

Fashion Promotion

One of the major area of the marketing mix

Promotion is not just advertisement alone

Promotion is often associated with creativeactivity undertaken to help distinguishcompany’s products from competitor’sofferings

Marketers must also have a deepunderstanding of how the marketingcommunication works and how promotionhelps the organization achieve itsobjectives

Page 3: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 3/48

What is promotion?

Any form of communication abusiness or

organization usesto inform,persuade, orremind people

about its products.

Page 4: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 4/48

Fashion Communication Theory

•Enocde: Mental and physical process necessary to construct a message inorder to reach a desired goal (Convey meaningful information)

•Medium (channel): Using sensory stimuli

•Decode: Mental and physical process necessary to give meaning to themessage

Page 5: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 5/48

Obstacles to EffectiveCommunication

Poor Encoding: Poor words, words orsymbols that lack meaning or worse,different meaning within a certaincultural groups.

Page 6: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 6/48

Obstacles to EffectiveCommunication

Poor Decoding: Particular receiverperceived a message differentlyfrom others and from what the

message source intended This error occurs due to personal

or psychological factors such asnot paying full attention to a fulltelevision advertisement, driving

too quickly past a billboard, orallowing one’s mind to wonderwhile talking to a salesperson.

Page 7: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 7/48

Obstacles to EffectiveCommunication

Medium Failure: sometimescommunication channels break down andend up sending out weak or faltering

signals. This error occurs when wrong medium is

used to communicate the message

Page 8: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 8/48

Obstacles to EffectiveCommunication

Communication Noise: It occurs when anoutside force in someway affects delivery of the message.

Ex: Loud sound tracks, large number of advertisements they encountered each day.

Million Dollar Question???

How many ads do you see in a day?

How many ads do you see in a day on each

type of media?How many ads do you really see in a day?

Page 9: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 9/48

Promotion Objectives

Build Awareness

Create Interest

Provide Information Stimulate Demand

Reinforce the Brand

Page 10: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 10/48

Fashion Promotion Mix

The Promotional Mix is a combination of the different types of

promotion.

Or

It is particular combination of promotional methods and mediaused by an organization to achieve its marketing

communication goals.

Page 11: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 11/48

Factors Influencing the FashionMarketing Mix

Strategic Consideration:

Distribution policies: Push or Pull

Product and Price factors: Consumer factors:

Page 12: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 12/48

Fashion Advertising

 “Non-personal communication paid for byan identified sponsor” 

Dates back to ancient Egypt

John Wanamaker, the Philadelphiamerchant was the first retailer to use thenews paper (in 1880)

Today they regularly communicate –fromsimplest to the most sophisticatedformats… 

Page 13: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 13/48

Objectives of An Advertising

To increase market share To increase expenditure by existing

customers To increase store traffic To create brand awareness To reassure customers To launch a new product To generate enthusiasm from channel

members To encourage customers to trade up from

one garment or service to a moreexpensive one

To reinforce the corporate identity

Page 14: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 14/48

Role of Advertising

Communication with consumers

Persuasion

Contribution to economic growth Catalyst for change

Page 15: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 15/48

Benefits of Advertising

Information

Brand image building

InnovationNew product launch

Growth of media

Long-term & indirect benefits

Page 16: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 16/48

How to select an agency Define what u want from an agency Draw up a shortlist Check caliber of senior management Ensure an agency has marketing expertise Well structured, financially stable and not over-

committed Look for an agency with a good mix of clients Check most of their memorable campaigs Production dept. is up-to-date with latest printing and

reproduction techniques

Look an agency that can provide detailed, relevantresearch and can evaluate it intelligently Production cost techniques

Page 17: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 17/48

Guidelines for the message andcreative platform

What to say: An appeal (reason)

How to convey the message: Tell a story/history of the fashion product/USP/

Reflecting the lifestyle/Real lifesituations/demo/comparativeformats/testimonials/fantasy appeals/celebrities

Page 18: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 18/48

Advertising Media

Print

T.V.

Radio Internet

Outdoor

Etc.

Page 19: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 19/48

How to Select a media

OTS (Opportunity to see)

Reach

Frequency CPT (Cost per thousand) : (cost /

audience)*1000

Type of media and its audience

Page 20: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 20/48

4Ms of Advertising

Market

Message

Media Measure

Page 21: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 21/48

Sales Promotion

All marketing activities, other than personalselling, advertising, and public relations iscalled…. 

 “Includes those sales activities thatsupplement both personal selling andadvertising and coordinate them and makethem effective, such as displays, shows,

demonstrations and other non-recurrentselling efforts not in the ordinary routine”  -AMA

Page 22: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 22/48

Objectives of Sales Promotion

Encourage to try a new product

Attract new customers

Brand loyalty Counter a competitors’ promotional

activities

Page 23: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 23/48

Sales Promotion Techniques

A. Directed at channel members

B. Directed at customers

Page 24: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 24/48

SP-Directed at channel members

Conference

Trade fairs

Exhibitions

Fashion shows

Trade allowanceand special offers

Point-of-salematerial

Sales competitions

Page 25: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 25/48

SP-directed at consumers

Sampling

Coupons

Premiums

Gift-with-purchase or purchase-with-purchase

programs Contests and sweepstakes

Refunds and rebates

Bonus packs

Price-off deals

Reward programs & Frequent-Buying clubs

Deferred Billing

Event sponsorship

Page 26: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 26/48

Personal Selling

Page 27: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 27/48

Personal Selling Defined

Direct face-to-face communication

between sellers and potentialbuyers.

Page 28: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 28/48

Emphasis Should be on Long-Term Relationship Building

Page 29: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 29/48

Forms of Personal Selling

Order taker

Order getter

Sales support personnel

O d G tt

Page 30: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 30/48

 

Attempt to increase their firm’s sales by sellingto new customers or by convincing currentcustomers to buy more of a company’s products.

Because they develop new business and aretherefore compensated quite well

 Their job is to convince the customer topurchase an expensive computer or a fancy outfit.

 They need to have persuasive abilities, and they generally receive commissions plus salary 

Salespeople in computer stores or fancy clothing stores are often order getters

Order Getter

O d T k

Page 31: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 31/48

They complete the sales transaction and mainly dealwith the same or similar customers

Example: In a fancy women’s clothing store, the ordergetter convinces the customer to purchase some veryexpensive gowns. She will then take the customer withthe merchandise to the order taker who will completethe transaction and take care of such matters as

payment, delivery, etc . A sales clerk in a supermarket is an order taker

They are paid minimum wage and do not have topersuade anyone to buy anything

A smart retailer does not want to waste an order

getter’s valuable time with such routine and mundanematters as completing the order.

Order Taker

S l S t P l

Page 32: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 32/48

Do not make any sales but help facilitate the sellingfunction.

There are two major types of support personnel:missionary salespeople and technical specialists

A missionary salesperson for a drug company (i.e., adetailer) will visit doctors and try to convince them touse various drugs manufactured by her company. Theydo not sell anything and often leave many free samples

with the doctors. Technical specialists are necessary when very technical

products are sold (e.g., advanced computers)

Some support personnel are sent to retailers to helpthem with displays and provide advice about promoting

the product

Sales Support Personnel

Page 33: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 33/48

Personal Selling Process

Prospecting

Planning the sales call(preapproach)

Presenting

Handling Objections

Closing

Follow-up

Page 34: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 34/48

Planning the Sales Call

Know your company

Know your products

Know your competitorsproducts

Know your businessenvironment

Know your customers

Page 35: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 35/48

Publicity and Public Relation

Page 36: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 36/48

Definition

Public relations include all the activities

that a organization uses to maintain or 

improve its relationship with other 

organizations and individuals. Publicity is a public relations technique,

which involves non-paid communication

of information about an organization's

services.

Page 37: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 37/48

Roles of Public Relations and Publicity

a. Maintaining a positive public presence

b. Handling negative publicity

c. Enhancing the effectiveness of other promotional mix elements

Page 38: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 38/48

Publics Served by Fashion

Internal publics:

a. Employees and employees' families

b. Unions

c. Shareholders and ownersExternal publics:

a. Customers and potential customers

b. Other complementary fashion and

apparel organizationsc. Competitors

Page 39: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 39/48

Publics Served by Fashion

External publics:

d. Industry community

e. Local community

f. Government

g. The media

h. Financial community

i. Fashion and Apparel Schools

Page 40: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 40/48

Direct Marketing

Page 41: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 41/48

What is Direct Marketing?

Communications where data are used systematically to achieve quantifiablemarketing objectives, and where

direct contact is invited or madebetween a company and itscustomers-UK Direct Marketing

Association

Page 42: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 42/48

Direct Marketing V/s Other types of Marketing

Attempts to send its messagesdirectly to consumers, without theuse of intervening media.

"call-to-action." Track the Response

Page 43: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 43/48

Features of Direct Marketing

Marketers invite customers torespond to their marketing effortsthrough the telephone, e-mail etc.

Effectiveness can measured easily

Generally database of customers ismaintained.

Page 44: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 44/48

Forms of Direct Marketing

Catalog Marketing

Telemarketing

Kiosk Marketing

Home Shopping

Other Media

Page 45: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 45/48

Catalog Marketing

Companies send their catalogs tocustomers and expect them to respond byplacing orders by telephone or mail.

Amazon.com; Wall-Mart; SweatyBetty;Marks & Spencer;

Check List: Right Customer, Right Price;Right Product; Images (Colors)

Reduce their cost per customer andincrease their reach significantly

Page 46: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 46/48

Telemarketing

Communicating with customers throughtelephone

Cold-Call

NDNCR to curb UCC Needs highly trained marketing staff 

Aimed at prospective customer

Objectives : Developing Customer Loyalty,Conducting market research, generatingleads etc.

Page 47: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 47/48

Kiosk Marketing

Involves use of kiosks or e-touchscreens

Can be set up at places convenientfor them; lesser space (Avg 4sq.feet)

24/7

Page 48: Fashion Promotion Mix 2009

8/3/2019 Fashion Promotion Mix 2009

http://slidepdf.com/reader/full/fashion-promotion-mix-2009 48/48

Home Shopping

Generally done through televisionprograms in which various productsare displayed and their uses are

demonstrated to viewers

Telebrands program : Informercials