A written document that details a companys promotional efforts for a certain period of time. Define promotion plan:

Slides:



Advertisements
Similar presentations
Advanced Fashion: Standard 8 Promotion
Advertisements

Fashion Promotion Through Advertising and the Press
Promotional Concepts and Strategies
BB|DD: Bubbly Bright Daring Dark Fashion Promotion Campaign.
1 Understand the role of marketing in business.. 2 Understand buying behaviors.
Promotion.  Promotion is used to let the consumer know about the product, to persuade the customer to buy the product, or to remind the customer about.
FASHION PROMOTION. Promotion: communicating with customers about products and services to create demand.
UNIT F FASHION PROMOTION
Copyright © 2004 South-Western. All rights reserved.14–1 Learning Goals Explain promotion benefits. advertising personal selling sales promotion. public.
MARKET YOUR BUSINESS Chapter 9
Marketing Vocabulary. Market Advertise or promote an item or service.
2.09 SEM II. ROI ROI is short for “Return On Investment” There are many ways to do so, such as: Developing a promo budget Developing a promo calendar.
MARKETING MIX.
Marketing: An Introduction Integrated Marketing Communications: Advertising, Sales Promotion, and Public Relations Chapter Thirteen Lecture Slides –Express.
Fashion Promotion Through Advertising and the Press
Promotion. Objectives: Promotion strategy options Define promotion and its role in marketing.
3.02 Understand buying behaviors.
© 2009 South-Western, Cengage LearningMARKETING 1 CHAPTER 8 Internet Marketing Management Team Decision Making Event Scenario You must develop a plan to.
Virtual Business Sports Media Planning. Promotion All activities used to inform & persuade consumers to buy products & services.
Fashion Advertising and Promotion
PROMOTION Standard five: 5.1 role of promotion. Standard Five Students will discover the importance and elements used in developing a promotion mix to.
Essential Elements of Advertising
Unit 6 Promotion Chapter 17 Promotional Concepts and Strategies
PromotionPromotion Promotion in Sports Marketing the Game.
By: Ian Jackson Jordan. Types of marketing activities Advertisements Packages of products Product Description Sales people Marketing Activities.
Chapter 15 Retail Fashion Marketing. Fashion From Concept to Consumer, 8/e© 2005 Pearson Education, Inc. Gini Frings Upper Saddle River, New Jersey
Marketing Information Management Marketing Research.
2.02Classify the functions of marketing and the marketing mix.
How to Develop a Promotional Campaign What is a Promotional Campaign? A planned strategy on how to focus all elements of the promotional mix to accomplish.
D. Marketing a Small Business 6.00 Explain the fundamentals of marketing in a small business Explain marketing and its importance.
Any form of communication a business or company uses to inform, persuade, or remind people about products and to improve its image PROMOTION.
Marketing Basics. What is Marketing?  Marketing is the process of planning and executing the conception, pricing, promotion, and distribution of ideas,
Diamond: Fashion Retailing: A Multi-Channel Approach. (C) 2006 Pearson Education, Upper Saddle River, NJ All Rights Reserved Chapter 15: Advertising.
Fundamentals of Online Promotion
Fashion Marketing-Promotion. Promotional Mix  Promotional Mix: four components of promotion including advertising, personal selling, public relations,
1 UNIT F FASHION PROMOTION 6.01 Identify the components of the promotional mix.
Fashion Marketing 4.01 B Notes. Business Cycles Decreased production, prices decrease, unemployment increases A recession that reaches its low point.
Target Market - Review What is a market? ◦ People who share similar needs and wants and have the ability to purchase a given product are a market What.
Marketing September 16, Notes - Marketing Mix Marketing Mix Activity.
Sports Promotion. P P P P The Marketing Mix—The Four Ps 2 involve the goods, services, or ideas used to satisfy consumer needs. Product Decisions involve.
Chapter 8: Marketing Marketing Concepts Place (Channels of Distribution) Channels of distribution are the paths of ownership that goods follow as they.
MARKET YOUR BUSINESS Chapter 9
6.0 Understand the promotion of a fashion image.
Retailing Aim: How do retailers set themselves apart, even though they do not produce products? Do Now: Describe your favorite department store. Why.
Fashion 6.05 Promotional Plan.
Unit 6.00 Understand the promotion of a fashion image.
UNIT F FASHION PROMOTION
UNIT F FASHION PROMOTION
Promotional Concepts and Strategies
Promotion.
What is Marketing? Branding Branding Branding.
6.05 Creating a fashion promotion plan.
Standard 5.
Standard 5.
Promotion and the Promotional Mix
3.02 Understand buying behaviors.
3.02 Understand buying behaviors.
MARKET YOUR BUSINESS Chapter 9
Chapter 17 Promotional Concepts and Strategies
Marketing Functions Marketing Co-Op.
Marketing Your Product
Visual Merchandising Unit 30 Lesson 1.
Chapter 2 Marketing Plan. Chapter 2 Marketing Plan.
Standard 5.
Marketing Your Product
UNIT F FASHION PROMOTION
Marketing Your Product
Marketing Your Product
How would you promote your fashion line?
PR & Advertising Advertising plays an important part in the retailer‘s campaign to inform the public of the events, promotions and the various ranges.
Presentation transcript:

A written document that details a companys promotional efforts for a certain period of time. Define promotion plan:

Review the content guidelines for the promotion plan. Description of the store and its customers Type of business Store location Hours of operation Types and price range of merchandise sold Customer demographics

Goals and objectives of the promotional campaign Examples To sell specific merchandise To increase sales in general To increase market share Goals should be specific and measurable. Example: to increase sales of womens hats by 5%

Major message or theme Back-to-school Mothers Day Independence Day Prom Support our troops Just say no

The promotional mix decision Use of an annual or quarterly Calendar of Events Provides an overall plan of action Guides development of the promotional budget Helps relate promotions to special events, holidays, etc. Specific activities to be included Advertising Personal selling Publicity Public relations Sales promotion Visual merchandising Special events Media mix selection The right medium reaches the largest portion of the companys target market. Types of media chosen should support and strengthen each other in the overall promotion campaign. Newspaper is the primary medium for local advertisers. Radio is universally used.

Assignment of responsibilities for overseeing the activities Specifies the people and/or departments responsible for each aspect. Division of responsibilities is affected by the type, size, and location of the store.

Promotion budget Usually based on anticipated annual sales Manufacturers generally budget five to eight percent. Example: $1,000,000 anticipated annual sales times 6% (.06) would provide a $60,000 annual promotion budget. Retailers generally budget one to four percent. Example: $500,000 anticipated annual sales times 4% (.04) would provide $20,000 for promotion for the year. Sometimes based on the previous years sales Plan should state total budget allowed and itemize the planned expenditures