Sales Promotion:
Short-term incentives to encourage the purchase or sale of a product or a service.
Event marketing (or event sponsorships):
Creating a brand-marketing event or serving as a sole or participating sponsor of events created by others.
Trade promotions:
Sale promotion tools used to persuade resellers to carry a brand, give it shelf space, promote it in advertising, and push it to consumers.
Business promotions:
Sales promotion tools used to generate business leads, stimulate purchases, reward customers, and motivate salespeople.
Planning Sale Promotion Programmes
Beyond selecting the types of promotions to use, marketers must make several other decisions in designing the full sales promotion program. First, they must determine the size of the incentive.
A certain minimum incentive is necessary if the promotion is to succeed; a larger incentive will produce more sales response. The marketer also must set conditions for participation. Incentives might be offered to everyone or only to select groups.
Marketers must determine how to promote and distribute the promotion program itself. A 2 $ off coupon could be given out in a package, at the store, via internet, or in an advertisement. Each distribution method involves a different level of reach and cost.
Increasingly, marketers are blending several media into a total campaign concept. The length of the promotion is also important. If the sales promotion period is too short, many prospect (who may not be buying during the time) will miss it. If the promotion runs too long, the deal will lose some of its “act now” force.
Evaluation is also very important. Many companies fail to evaluate their sales promotion programs, and others evaluate them only superficially.
Yet marketers should work to measure the returns on their sales promotion investment, just as they should seek to assess the returns on other marketing activities. The most common evaluation method is to compare sales before, during, and after a promotion.
Now, Marketers should ask: Did the promotion attract new customers or more purchasing from current customers? Can we hold onto these new customers and purchase? Will the long-run customer relationship and sales gains from the promotion justify its costs?
Clearly, sales promotion plays an important role in the total promotion mix. To use it well, the marketer must define the sales promotion objectives, select the best tools, design the sales promotion program, implement the program, and evaluate the results.
Moreover, sales promotion must be coordinated carefully with other promotion mix elements within the overall IMC (Integrate Marketing Communication) program.
Sales Promotion:Short-term incentives to encourage the purchase or sale of a product or a service.Event marketing (or event sponsorships):Creating a brand-marketing event or serving as a sole or participating sponsor of events created by others.Trade promotions:Sale promotion tools used to persuade resellers to carry a brand, give it shelf space, promote it in advertising, and push it to consumers.Business promotions:Sales promotion tools used to generate business leads, stimulate purchases, reward customers, and motivate salespeople.Planning Sale Promotion ProgrammesBeyond selecting the types of promotions to use, marketers must make several other decisions in designing the full sales promotion program. First, they must determine the size of the incentive.A certain minimum incentive is necessary if the promotion is to succeed; a larger incentive will produce more sales response. The marketer also must set conditions for participation. Incentives might be offered to everyone or only to select groups.Marketers must determine how to promote and distribute the promotion program itself. A 2 $ off coupon could be given out in a package, at the store, via internet, or in an advertisement. Each distribution method involves a different level of reach and cost.Increasingly, marketers are blending several media into a total campaign concept. The length of the promotion is also important. If the sales promotion period is too short, many prospect (who may not be buying during the time) will miss it. If the promotion runs too long, the deal will lose some of its “act now” force.Evaluation is also very important. Many companies fail to evaluate their sales promotion programs, and others evaluate them only superficially. Yet marketers should work to measure the returns on their sales promotion investment, just as they should seek to assess the returns on other marketing activities. The most common evaluation method is to compare sales before, during, and after a promotion.Now, Marketers should ask: Did the promotion attract new customers or more purchasing from current customers? Can we hold onto these new customers and purchase? Will the long-run customer relationship and sales gains from the promotion justify its costs?Clearly, sales promotion plays an important role in the total promotion mix. To use it well, the marketer must define the sales promotion objectives, select the best tools, design the sales promotion program, implement the program, and evaluate the results. Moreover, sales promotion must be coordinated carefully with other promotion mix elements within the overall IMC (Integrate Marketing Communication) program.
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