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Consumer Promotions Chapter 14
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Promotions Begin & End With Strategy The first stop in brainstorming promotion ideas is the brand positioning statement. Does it support the benefits? Does it support the reason why?
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The Truth Few consumer promotions move the sales needle significantly. Most brands regurgitate ideas again & again. McDonald’s Monopoly Coca-Cola Red Hot Summer
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Most Companies Fail To Appreciate The Potential Impact A great promotion can have lasting effects. Can help build brand personality. Carve out competitive advantage Bump sales
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The Plagues of Promotions Been There, Done That Sleeping Sickness (Lame) Trinkets & Trashitis Oddsitis
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Promotions That Work Unique, Desirable Offering or Premise They make you believe you can win! Simple to Enter / Participate
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Oscar Meyer
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Goodyear Blimp
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Borrowing A Personality Old Navy / AT&T Wireless / Coke / Ford : American Idol P&G / Tylenol / Home Depot
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Continuity Promotions Seek multiple (series) of purchases Fast Food Grocery Radio Stations
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Proprietary Promotions Something ONLY available through you! Usually tied to a property / contractually protected. Olympic Ticket Application Booklets
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Octopus Planning Matrix The key to developing great, holistic promotions. Promotion Idea Packaging / POS Signage / Media / PR Use it to brainstorm!
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Cardinal Rules Avoid the sea of sameness Life’s to short to work on ideas that will only grow your business +1% to +2% DREAM THE IMPOSSIBLE DREAM
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