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Promotional Mix Marketing 1
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PERSUADE*REMIND*INFORM
Promotional Goals Main Goal is to increase Sales Increase Customer Usage Maintain Customer Loyalty Build a Fan Base Educate Potential Customers Overcome the resistance of hesitant first- time buyers PERSUADE*REMIND*INFORM
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PERSUADE*REMIND*INFORM
Promotional Mix 4 Elements of Promotion Advertising Sales Promotion Publicity Personal Selling PERSUADE*REMIND*INFORM
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1. Advertising A paid form of communication delivered to the consumers by a product maker or seller.
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2. Sales Promotions An additional incentive offered for a limited amount of time to encourage consumers to buy products. Generate initial interest Drive short-term cash flow Sell out excess inventory
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3. Publicity Unpaid media attention, whether negative or positive, about a business and its products, services or events.
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In person, face-to-face communication between a seller and a customer.
4. Personal Selling In person, face-to-face communication between a seller and a customer.
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2 Types of Promotions Product Promotion Institutional Promotion
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1. Product Promotion Message focuses on specific product
Includes long-term product branding Short-term sales promotions Goal is to communicate, then reinforce the value of your product
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2. Institutional Promotion
Used to convey your company’s brand message to target customers Develop a strong reputation / brand Communicate the distinct values of the company
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Group Activity Ace / #7 2’s 3’s 4’s 5’s 6’s
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Promotional Groups Group Activities:
Your group has created a Broadway show about Briar Woods Activities, how will you use the promotional mix to sell tickets and create a buzz Provide 3 examples of products that are best purchased through Personal Selling Provide 3 examples of Publicity occurring within the sports world – can be positive or negative Brainstorm 3 products that you bought within the past year because of a Sales Promotion Advertising for a Movie, discuss ways to advertise to your target market, How would the film producers know if the advertising was effective? Brainstorm a product or service that would benefit from promotion through Twitter
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