Promotion Marketing Final1

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Transcript of Promotion Marketing Final1

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It’s ALL around you

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PROMOTION

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Letting people know about goods and services in a positive way that will make them want to buy.

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So consumers will know which products to buy.

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How to use the productWhere the product is availableThe quality of the productOther important information :

PriceMaterials or Ingredients

Warnings or HazardsSizes, Colors, Styles

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Sender

Receiver MessageFeedback

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It helps the sender know if the message gotthrough.

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AttendancePeople show up to an event

Concerts, Rodeos, Special Events, etc.Contributions

People donate to a cause that they believe inMarch of Dimes, Sub for Santa, American

Heart Assoc.Fund Raisers, etc.

PurchasesPeople buy the good or service

Stores, Catalogs, Internet, etc.

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Inform

Tell the consumer about the product

Recipes that use their productsWarranties and Money Back GuaranteesSpecial Ingredients

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PersuadeCompanies change their products hoping newcustomers will buy

Use appealing labelsChange the packaging

Power Words New and ImprovedDeliciousFor a limited time only

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A promotion mix is a company’s total marketingcommunications program and it consists of aspecific blend of:

AdvertisingSales PromotionsPublic RelationsDirect MarketingWord of mouth

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Word-of-Mouth: Passing of information by verbal means,especially recommendations. In an informal, person-to-

person manner, rather than by media or advertising

AdvertisingAdvertising costs the company $$ to promote their

productRadio, TV, Newspaper, Magazines, Billboards, etc.

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Sales PromotionWays that entice customers to visit the store or buythe product

Coupons, Contests, Rebates, Free Samples,

Window Displays, etc.Direct Marketing

company directly interacts with the customer catalog, e-marketing, telemarketing, m-marketing

PublicityCompany gets recognition for doing good things

Sponsoring events, donating to a cause/charity,

community service, etc.

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Advertising

Personal

SellingSales

PromotionPublic

Relations

DirectMarketing

Reach Many Buyers, RepeatMessage Many Times, Impersonal,

ExpensivePersonal Interaction, RelationshipBuilding, Most Expensive Promo

ToolWide Assortment of Tools,

Rewards Quick Response, EffortsShort-Lived

Very Believable, Dramatize a

Company or Product,Underutilized

Nonpublic, Immediate,Customized, Interactive

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Advertising is any paid form of non personal presentation and promotion of ideas, goods, or services by an identified sponsor

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Informative advertising is used to informconsumers about a new product or feature to build

primary demand

Persuasive advertising is used as competitionincreases and a company’s objective becomes building selective demand Reminder advertising is used for mature

products since it keeps consumers thinking aboutthe product

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General factors to consider:

Strategic versus Tactical Budgets Overall Promotional Budget Consistency Opportunities to Stretch the Budget

The Final Budget

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Message Generation

Message Evaluation and Selection

Message Execution

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Deciding on Reach, Frequency, and Impact

Choosing Among Major Media Types

Selecting Specific Media Vehicles

Deciding on Media Timing

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Point-of-PurchaseDisplays

Premiums

Price PacksCash Refunds

Coupons

Samples

Short-Term Incentives to Encourage Purchase or Sales of a Product or Service .

Consumer-PromotionObjectives

Consumer-Promotion Tools

Games

Contests

Advertising

Specialties

Entice Consumers toTry a New Product

Lure Customers AwayFrom Competitors’ ProductsGet Consumers to “Load Up’

on a Mature ProductHold & Reward Loyal

CustomersConsumer Relationship

Building

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TRADE PROMOTION TOOLS

Contests

Free Goods

Allowances

Price-Offs

.Trade-Promotion

ObjectivesTrade-Promotion

Tools

Discounts

Persuade Retailers or Wholesalers to Carry a Brand

Give a Brand Shelf Space

Promote a Brand inAdvertising

Push a Brand to Consumers

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A public is any group that has an actual or potentialinterest in or impact on a company’s ability to achieve itsobjectives.

Pubic relation involves a variety of programmesdesigned to promote or protect a company’s image or itsindividual products.Companies are turning to PR for corporate or product

promotion and image making.

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SpecialEvents

WrittenMaterials

CorporateIdentityMaterials Speeches

News

AudiovisualMaterials

MAJOR PUBLIC RELATIONS TOOLS

PublicServiceActivities

Web Site