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Promotions SBM 338 Lanny Wilke
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Sales Promotion… A direct inducement that offers extra incentives anywhere along the marketing route to enhance or accelerate the product’s movement from producer to consumer.
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Three Important Elements May be used anywhere in the marketing channel Manufacturer to wholesaler Wholesaler to dealer Dealer to customer Manufacturer to customer
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Normally involves a direct inducement that provides extra incentive to buy now or buy more, visit a store, request literature, display a product, or take some other action. Money Prizes Extra products Gifts Specialized information
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Provide extra incentive
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Deliver messages re promotions like sweepstakes
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Coupons to encourage trial of a new brand
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Consumer brand-building promotion
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Promote a specific use for a product
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Attract users of a competing brand
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Target a specific market segment
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On-Package Coupons
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Toys to Attract Children
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Rebate Offers
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Bonus Packs provide more value
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Price-Off Packages
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Event Marketing
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Trade-Oriented Sales Promotions - Retailers
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Point-of-Purchase Displays
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Creating Effective Sales Promotions Set specific objectives. Don’t waste your time & resources. Set a theme that is relevant. Start with a strategy. Involve the trade. Build relationships. Carrier A/C sponsored the Junior Olympics in key markets, sharing sponsorships with its dealer in each city.
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Coordinate promotional efforts with other marketing plans. Coordinate schedules & plans. Promotion should occur simultaneously with a trade promotion A free sample should be timed to the introduction of a new line.
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Know how basic promotion techniques work. A sweepstakes shouldn’t be used to encourage multiple purchases. A price-off deal can’t reverse a brand’s downward sales trend.
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Use simple, attention-getting copy. Emphasize the idea and don’t try to be cute. Use contemporary, easy-to-read graphics. Clearly communicate the concept. Words & graphics must work together.
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Add advertising when you need measurable responses. Trial-building promotions designed to attract new users can be helped by targeted advertising. Reinforce the brand’s advertising message. Tie promotions to the brand’s ad campaign.
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Support the brand’s positioning and image. Especially important for image- sensitive brands and categories, like family-oriented Kraft.
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Know the media you work through. Determine which media will work best. Should samples be distributed in stores, door-to-door, through direct mail? Does the promotion need newspaper or magazine support?
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Pretest promotions. Doesn’t have to be expensive. For packaged goods, Small samplings in a few stores can reveal how to maximize coupon redemptions rates by testing various values, creative approaches, and delivery methods.
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I know the wait will be difficult. But next time…..Conventions and Trade Shows
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