CH20 - Promotion Flashcards
What is promotion ?
The uses of advertising, sales, promotion, personal selling, direct mail, trade fairs, sponsorships and public relations to inform consumers and persuade them to buy something.
What is advertising ?
Paid for communication to inform and persuade consumers using media such as TV & newspapers.
What is direct promotion ?
A range of promotional actives aimed directly at target customers ; know as direct marketing
What is Sales promotion ?
Incentives such as special offers or special deals directed to consumers / retailers to achieve short term sales increase and repeat purchases by consumers.
What is the Promotion Mix ?
The combination of promotional techniques that a firm uses to sell a product.
What objectives can be used to measure the successes of a promotional campaign ?
- Increasing sales by raising consumer awareness
- Increasing consumer recall of an existing product & its distinct qualities
- Increasing purchases by existing customer or attracting new competitors
- Creating and reinforcing the brand image
- Correcting misleading reports about the project after a scare/ incident involving the product
- Improving public image of business
- Encouraging retailers to hold inventories of products and promoting them
What will a successful campaigns included ?
- Public relations & Publicity
- Promotion (WIN/FREE/SAVE)
- Direct Marketing
- New Media
- Event Marketing
- Advertising
- Idea
What is informative advertising ?
Adverts that give information about a product rather than just trying to create a brand image, can include price technical specifications & main features
What is persuasive advertising ?
Adverts trying to create an image or brand identity, this is the most common form of advertising
What is Print advertising ?
Newspaper, magazines and specialist publications.
What is the advantage to Print advertising ?
Can be directed at particular towns or regions or consumers who read particular special interest magazines
Can be caught out and kept by consumer for future reference
What is the downside of Print Advertising ?
It is expensive for national coverage
It is less effective with younger consumers than digital communication
What is Broadcast Advertising ?
Advertising on TV, radio and in cinemas.
What is the advantage to Broadcast Advertising ?
Adverts have a visual appeal and can create a brand image with the actors used
Visually dramatic and can linger in the memory of people (Cadburys- Phill Collins)
What is the downside to Broadcast Advertising ?
It is expensive to buy the media time
It is expensive to design and produce the adverts
There is no permanent hard copy