The promotion mix

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The Promotion MIX

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Transcript of The promotion mix

Page 1: The promotion mix

The Promotion

MIX

Page 2: The promotion mix

Whit is Promotional Mix?

• The Promotional mix is a combination of the different types of promotion.

• Promotion keeps the product in the minds of the customer and helps stimulate demand for the product.

• The ongoing activities of advertising, sales promotion, Public Relations ,personal selling and direct marketing are often considered aspects of promotion.

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Advertising

Ingredientsof the

PromotionMix

Ingredientsof the

PromotionMix

Sales Promotion

Personal Selling

Direct Marketing

Public Relations

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Advertising

• Any paid form of non-personal presentation and promotion of ideas, goods, or services.

• Reaches large, geographically dispersed audiences, often with high frequency.

• Impersonal; one-way communication

• The major tools are:

Print MediaBroadcast MediaOutdoor MediaInternet & Website

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Sales Promotion

• Short-term incentives to encourage the purchase or sale of a product or services.

• Makes use of a variety of formats: Discounts, premiums, coupons, contests, etc.

• Attracts attention, offers strong purchase incentives

• Not effective at building long-term brand preferences

• Stimulates quick response.

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Public Relations

• Building good relationships with the company’s various publics (stakeholders,) building up a good corporate image.

• The major tools are Press Releases, Sponsorships , Special Events, Web Pages.

• To enhance the positive aspects and minimize negative factors related to products and organization.

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Personal selling

• The personal presentation by the firm’s sales force for the purpose of making sales and building strong customer relationships.

• Most effective tool for building buyers preferences, convictions, and actions.

• Personal interaction allows for feedback and adjustments.

• Relationship-oriented.

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Direct Marketing

• Involves making direct connections with carefully targeted individual consumers to both obtain an immediate response and cultivate lasting customer relationships.

• Many forms: Telephone marketing, direct mail, online marketing, etc.

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