Chapter 17 promotional concepts and strategies Section 17.1

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Chapter 17 promotional concepts and strategies Section 17.1
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Presentation transcript:

Chapter 17 promotional concepts and strategies Section 17.1 The Promotional Mix Section 17.2 Types of Promotion

IMAGINE What might happen if business did not promote their products? The Promotional Mix Section 17.1 IMAGINE What might happen if business did not promote their products?

The Promotional Mix Section 17.1 Explain the role of promotion in business and marketing. Identify types of promotion. Distinguish between public relations and publicity. Explain elements of a news release. Describe the concept of the promotional mix.

The Promotional Mix Section 17.1 The combination of personal selling, advertising, direct marketing, sales promotion, and public relations makes up the promotional mix.

The Promotional Mix promotion product promotion Section 17.1 promotion product promotion institutional promotion promotional mix advertising direct marketing social media sales promotion public relations news release publicity push policy pull policy

Examples of Each Different Type of Promotion The Promotional Mix Section 17.1 Examples of Each Different Type of Promotion

Examples of Each Different Type of Promotion The Promotional Mix Section 17.1 Examples of Each Different Type of Promotion

Companies and nonprofit organizations rely on promotion. The Promotional Mix Section 17.1 Promotion in Marketing Companies and nonprofit organizations rely on promotion. promotion Decisions about advertising, personal selling, sales promotion, and public relations used to attract customers.

Institutional Promotion The Promotional Mix Section 17.1 Promotion in Marketing Promotion Methods Product Promotion Institutional Promotion product promotion A promotional method used by businesses to convince prospects to select their goods or services instead of a competitor’s brands. institutional promotion A promotional method used to create a favorable image for a business, help it advocate for change, or take a stand on trade or community issues.

Types of Promotion in the Promotional Mix Section 17.1 Types of Promotion in the Promotional Mix The Promotional Mix Personal Selling Direct contact Expensive promotional mix A cost-effective combination of advertising, selling, sales promotion, direct marketing, and public relations strategies used to reach company goals.

Types of Promotion in the Promotional Mix Section 17.1 Types of Promotion in the Promotional Mix The Promotional Mix Personal Selling Advertising Direct contact Advertising is everywhere Expensive advertising A form of nonpersonal promotion in which companies pay to promote ideas, goods, or services in a variety of media outlets.

Types of Promotion in the Promotional Mix Section 17.1 Types of Promotion in the Promotional Mix The Promotional Mix Personal Selling Advertising Direct Marketing Direct contact Advertising is everywhere Mail Expensive E-marketing Telemarketing Social media direct marketing A type of advertising that sends a promotional message to a targeted group of prospects and customers rather than to a mass audience. social media Electronic media that allows people with similar interests to participate in a social network.

Types of Promotion in the Promotional Mix Section 17.1 Types of Promotion in the Promotional Mix The Promotional Mix Personal Selling Advertising Direct Marketing Sales Promotion Direct contact Advertising is everywhere Mail Coupons Expensive E-marketing Money-off promotions Telemarketing Product samples Social media Displays sales promotion All marketing activities, other than personal selling, advertising, and public relations, that are directed at business or retail customers to boost sales.

Types of Promotion in the Promotional Mix Section 17.1 Types of Promotion in the Promotional Mix The Promotional Mix Personal Selling Advertising Direct Marketing Sales Promotion Public Relations (PR) Direct contact Advertising is everywhere Mail Coupons News releases Expensive E-marketing Money-off promotions Social media Telemarketing Publicity Product samples Social media Displays public relations Activities that help an organization to influence a target audience. publicity Bringing news or newsworthy information about an organization to the public’s attention. news release An announcement sent to the appropriate media outlets.

Types of Promotion in the Promotional Mix Section 17.1 Types of Promotion in the Promotional Mix Types of Ads

Types of Promotion in the Promotional Mix Section 17.1 Types of Promotion in the Promotional Mix Types of Ads

Types of Promotion in the Promotional Mix Section 17.1 Types of Promotion in the Promotional Mix Put the number of users and nonusers in the appropriate spaces on the graphic organizer. Why or why not do you use these sites?

Develop a Promotional Mix The Promotional Mix Section 17.1 The Concept of Promotional Mix Discuss the Six Steps of the Promotional Mix Develop a Promotional Mix

Develop a Promotional Mix The Promotional Mix Section 17.1 The Concept of Promotional Mix Discuss the Six Steps of the Promotional Mix Develop a Promotional Mix

The Concept of Promotional Mix The Promotional Mix Section 17.1 The Concept of Promotional Mix Indicate the location of the ads and compare and rate the ads according to the criteria in the chart. Predict whether the ads created sales and were measured for results.

The Promotional Mix Section 17.1 Section 17.1 1. Explain why promotion is an important marketing function. Promotion is an important marketing function because it is used to inform, persuade, or remind people about a company’s products and its image.

The Promotional Mix Section 17.1 Section 17.1 2. Identify when to use product and institutional promotion. Product promotion is used to convince people to buy or use a certain product. For example, if a company has come out with a new product, they would use product promotion to make people aware of the product. Institutional promotion does not directly sell a product, but is used to create a favorable image, which can result in sales. For example, a company develops a Web site for customers to learn more about the company’s environmental and social responsibility initiatives.

The Promotional Mix Section 17.1 Section 17.1 3. Contrast the push and pull policies in promotional mixes. The push concept depends on the manufacturer to get distribution channel members to purchase products. It relies on a mix of personal selling, advertising, and buying discounts. The pull concept directs promotion to potential consumers or relies on advertising geared to consumers and consumer sales promotions such as coupons, premiums, samples, and demonstrations.