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D. Marketing a Small Business 10.01 Explain promotional strategies. 10.00 Identify the function of promotion in small business.
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A carefully arranged sequence of promotions designed around a common theme responsive to specific objectives.
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Preopening plan: Plan that outlines promotional activities for a new business before its opening. Establishes positive image Informs potential customers about the business opening Creates customer interest Begins six weeks before store opening
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Preopening plan Examples of opening activities Grand opening sale Reception Ribbon cutting
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Ongoing plan: Helps maintain and build sales after a business has opened. Explains major features and benefits of products/ services, or ideas Communicates information about sales Introduces new products, services or ideas Developed for various periods of time
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HOW will potential customers be told about products? WHAT is the promotional message? WHEN & WHERE will the message be delivered? What are the COSTS of different types of promotion?
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Do you know? Which type of promotional plan should explain major features and benefits of products/services? Ongoing Approximately how long before the opening of a new business should promotional activities begin? 6 weeks The outline of promotional activities for a new business before its opening is a/n: Preopening plan Owners of Top Dog Cleaners have outlined promotional activities to inform potential customers about their grand opening and create interest in their new business. Preopening plan
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