1.3.2 Branding & Promotion - Below the line promotion Flashcards
Below-the-line-promotion
Refers to any forms of promotion that does’t involve media
examples of below-the-line-promotion (5)
-Sales promotion
-Public relations
-Merchandising & Packaging
-Direct Selling/Personal selling
-Exhibitions & trade fairs
Sales promotions
Examples
Incentives used to encourage people to buy products
-free gifts
-Coupons (Money off vouchers)
- Loyalty cards (points are collected and then exchanged for vouchers)
-‘BOGOF’ - Buy one get one free
-Money off deals - E.G 50 %. 25%
Pros of sales promotion - 3
Cons of sales promotion - 3
Pros
- effective at achieving a quick boost for sales
- encourages customer to try product
- appealing to price sensitive customers
Cons
- only effective for short term
- Customers may come to expect or anticipate further promotions ( if further promotions aren’t met they may leave for substitutions)
- May damage brand “Low quality products”
Public relations (PR)
An organisations attempt to communicate with interested parties
Public relations examples - 3
Press release - used to present info about the business
Press conference - when representatives meet with the media and present info verbally
Sponsorship - When businesses attract publicity by linking brands with events e.g sporting + TV programmes
Sponsorship
pros & cons
When businesses attract publicity by linking brand with events e.g sporting & tv programmes
Pros
- Brand becomes enhanced
e.g Rashford & Burberry
- Raises brand awareness
-Increase in sales due to both the reasons above
Cons
-negative image association can occur e.g if you’ve sponsored at a poor event/ you’ve sponsored a player that’s done something wrong
-uncertain investment e.g event can get disrupted/player you’ve sponsored may be out of form. This leads to low media exposure
Direct Mailing
Pros & Cons ?
When businesses mail out leaflets/letters to households - contains info about new/existing products
Exhibitions & trade fairs
Pros & Cons
A place organised so that companies in a specific industry can showcase and demonstrate their latest products
Pros :
- Customers can ask question IRL - gain quality insight
- Customers can test Products
-Raises brand awareness by having a stand there( some fairs maybe located overseas too)
Cons :
- Costly. Staff space, stand, and design. Also travel/accommodation for staff
-Lots of competition there - not guaranteed you’re going to gain attraction
Direct/Personal selling
pros & cons
Involves sales representative calling/knocking households hoping to sell products
PROS
- features of products can be discussed.
CONS
- Sales people are very expensive (have to train them)
- Calls/doors may get ignored as ppl get irritated
Merchandising
Pros -2
Cons -2
everything you do to promote and sell your products once the potential customer is in your store.
PROS:
- Increase sales - more likely to be aware of products
- good brand image e.g tidy stocks
CONS :
- product layout and display material may just be ignored - people are just focused on doing shopping
- Demand on staff to maintain store/stocks
Examples of merchandising
Product layout - Products that the store want you to buy are placed at prominent locations e.g end of aisles, eye level
Display material - posters + leaflets around the store to display certain products to persuade customers to buy
Stock - Keeping stocks well shelved + tidy so no bad impressions