1.3.2 types of promotion Flashcards
what is personal selling?
is when a salesperson meets a potential buyer face to face with the aim of selling a product or service
pros and cons of personal selling
\+ instant feedback \+ builds trust \+ more persuasive - expensive - labour intensive for employees - can only reach a limited amount of people
what is direct marketing?
is a targeted form of marketing that presents information of potential buyers via emails texts etc
pros and cons of direct marketing?
\+ more targeted to customers \+ cost effective \+ informative for potential customers - some people may find it annoying - a lot of competition
what is advertising?
is the promotion of a product or service to a viewership in order to attract interests, engagement and sales.
pros and cons of advertising?
\+ can reach a large audience \+ helps gain product distribution - expensive - time-consuming - not many people enjoy ads and often avoid them
what are public relations?
when an individual creates a positive reputation for your business with the public through various communications, like: speeches, social media etc
pros and cons of public relations?
\+ increases brand credibility \+ adds value \+ builds brand image - no direct control on how your business is portrayed - expensive
what is sales promotion?
is a set of marketing technologies to stimulate sales
pros and cons of sales promotion
\+ strengthens customer involvement \+ helps reduce inventory \+ can develop customer loyalty - can annoy customers by sending too much email or text ( promotion clutter) - negative impact
what is online advertising?
is the use of using websites, apps, emails etc for marketing purposes
pros and cons of online advertising?
+ can effectively reach target audience
+ monitor spending and results
- a lot of competition
- expensive and complicated to get a hold of
what is mobile communications?
refers to the form of communications through your mobile to market products
pros and cons of mobile communications?
+ reduces operational costs
+ easy to use
+ efficient
- some people may find it annoying which may reflect badly on the business
what is advergaming?
is a form of advertising in video games