Chapter 13: Promotion Concepts Flashcards
Inform
seeks to convert an existing need into a want or to stimulate interest in a new product.
- let the customers know the product purpose and how it will benefit them.
Persuade
- persuasive promotion is designed to stimulate a purchase or action.
- the target market should have general product awareness and some knowledge of how the product can fulfill its wants.
Remind
Reminder promotion is used to keep the product and the brand name in the public’s mind.
- during the maturity stage
- assumes the product is already wanted, used to remind that the product will be needed again soon .
Promotional mix
- advertising
- public relations
- Personal Selling
- Sales Promotion
Advertising
- any form of paid communication in which the sponsor or company is identified.
benefits : - communicated to a large number at (media, television )
Public Relations
- is the marketing function that evaluates attitudes, identifies areas in the organization that may interest the public, and executes a program of action to earn public understanding and acceptance.
- allow them to communicate customers, suppliers, shareholders, government officials, employees, and the community in which it operates
Personal Selling
- is a purchase situation in which two people communicate in attempt to influence each other.
- presentations, purchaser and buyer
Sales promotion
- constituents of all marketing activities,other than personal selling advertising, and public relations, that stimulate consumer purchasing and dealer effectiveness.
- used to stimulate immediate increases in demand
(free samples, trade shows, coupons, vacations getaways)
AIDA
A metod of reaching promotional goals (people start buying product)
- Attention
- Interest
- Desire
- Action
Attention
The advertiser must gain the attention of the target market
- promote and advertise
- use of flashy labels
Interest
Generation of interest in the product
-characteristics and features that could benefit the user
Desire
Potential customers of the product may llike the concept of it, but may still be comparing it to another product
- creation of brand preference through features and incentives (Ipod- Itunes music store, long life battery, calendar to do list, more than just a music player)
Action
Convinced the customer to make the purchase
-some may be convinced but not yet make the purchase, continue to promote to
Integrate marking commnications (IMC)
is the careful coordination of all promotional messages–tradition advertising, direct marketing, interactive, public relations, sales promotion, personal selling, even marketing, and other communications– for a product or service to ensure the consistency of message at every contact point where a company meets the consumer
Factors Affecting the choice of promotion mix
Nature of the product Stage in PLC Target market factors Type of buying decision Promotional funds Push or pull strategy