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Types of Promotion November 30, 2016 Section 17.2
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Bell Ringer 1. Describe the use of business ethics in promotion. 2. Explain one promotion you have recently seen. What was it and what caught your attention?
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Agenda Bell Ringer Sales Promotions Types of Promotion Activity
Trade Promotion vs. Consumer Promotion Kahoot!
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Objectives Define sales promotion.
Explain the use of promotional tie-ins, trade sales promotions, and loyalty marketing programs.
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The Main Idea Sales promotion includes different techniques to increase sales and inform customers about a company’s products. INCREASE SALES INFORM CUSTOMERS
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Sales Promotions Incentives that encourage customers to buy products or services. Build brand awareness Encourage sampling Increase purchases Reward loyalty SALES PROMOTION TRADE PROMOTION CONSUMER PROMOTION
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Find examples of your word from 2-3 different companies. Step 3:
Research your word (use textbook, online resources, etc.) and define in your own words. Step 2: Find examples of your word from different companies. Step 3: Explain how your vocabulary word can increase sales. Step 4: Provide a visual representation of your word Step 5: Teach your classmates!
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Trade Promotions Sales promotion designed to get support for a product from manufacturers, wholesalers, and retailers. Trade Promotions Promotional Allowances Cooperative Advertising Slotting Allowances Sales Force Promotions Trade Shows and Conventions
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Loyalty Marketing Programs
Consumer Promotions Sales strategies that encourage customers and prospects to buy a product or service. Consumer Promotions Coupons Premiums Deals or Price Packs Incentives Product samples Sponsorship Promotional Tie-Ins Product Placement Loyalty Marketing Programs Kiosks
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WHAT DID YOU LEARN TODAY?
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References Distributive Education Clubs of America. (2002). Marketing essentials: Business week case studies. New York, NY: Glencoe/McGraw-Hill.
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