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Marketing Plans
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Promoting Your Products
Promotion – communicating with a customer through advertising, publicity, sales promotion, or personal selling Promotion is directly linked to a company’s image Image – how a company wants the public to see it
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Focusing The Ads You must decide who will be the targeted customer
Marketing research provides information about the target group Demographics provide data about the targeted group
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Focusing The Ads Student body Parents The Community
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Media Choices After you decide your audience:
Design your message and determine the media you will use to deliver it to your customer The most common media are: The internet Print (newspapers, magazines, billboards) Broadcast (television and radio) Social Media School Centered
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The Ratings Program ratings drive the price the ads can bring
If a show ends up with a lower rating than anticipated, the channel provides other advertising time in other time slots
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The Ratings Disney signed a 600 million deal with the national hockey league They did this despite low ratings because hockey draws the highest concentration of young upscale viewers than any other television sport
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The Rest Of Promotion Although advertising plays a major role in promotion there are other categories of marketing needed to finish the job These are: publicity, sales promotion, and personal selling All four categories team together into a promotional mix tailored to the item being promoted
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Publicity Sponsoring an event and getting a company’s name in front of the public is a method of promotion called publicity. The sponsors of an event count on getting positive publicity from the event
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Sales Promotion Any action or communication that encourages a consumer to buy a product An example is when a baseball team gives away baseball caps to each child attending the game with an adult. The giveaway is a direct incentive for the adult to purchase at least 2 tickets to the game Sales promotion items are also referred to as specialty advertising items
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Personal Selling An in person face to face communication between a seller and a customer Corporations are major clients for sports events frequently buying hugh blocks of tickets or permanently leasing special luxury seating
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Marketing Research Mass marketing – strategies for reaching broad groups of people Market research – the process of determining what customers want There are 5 steps in the scientific method of marketing research
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The Scientific Method Of Marketing Research
Define the problem Analyze the situation Develop the process for collecting data Collect, organize, and analyze the data Determine a solution to the problem
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Data Mining Digging up the data needed to make decisions
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