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5.01 Identify the role of promotion.
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Promotion Any form of communication a business or organization uses to encourage customers to purchase products and improve its public image. For example: Little Caesars sponsors a little baseball team by purchasing new uniforms and equipment.
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Promotion (con’t) Sports and entertainment
organizations use promotion to: inform target market of a product. persuade the target market to purchase the product. remind them continuously of the product.
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Promotion (con’t) Examples include: web sites autograph sessions
fan festivals t-shirts give-aways
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Promotion (con’t) Stadiums event promotions are designed to:
facilitate fan participation. create a cheerful atmosphere.
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The most common types of events promotions include:
1. In-stadium promotions which occur inside stadiums or arenas. For example: lucky seats giveaways mascot races football tosses backstage access at concerts
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The most common types of events promotions include:
Walk-in promotions which are received as fans walk inside stadiums and arenas. For example: T-shirts, hats, visors. foam hands, pennants, can holders.
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Differentiate between institutional and product promotion.
Institutional promotion, also referred to as organizational advertising, is designed to: create a positive image. establish and maintain goodwill. may result in an increase in sales of the good or service.
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Institutional Promotion
Examples include: NBA Read to Achieve Program Nike and Reebok basketball camps Camp Mariah (Mariah Carey) Daddy’s House (P. Diddy)
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Differentiate between institutional and product promotion
Product promotion, also referred to as product advertising, is designed to: stimulate sales of a business, organization, or celebrity’s good or service. launch new products.
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Product Promotion Examples include:
pre-album release listening parties. a musician promoting release of new single. Coca-Cola setting up pre-concert promotion booths providing samples of Vanilla Coke.
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