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Promotional Mix Marketing 1.

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Presentation on theme: "Promotional Mix Marketing 1."— Presentation transcript:

1 Promotional Mix Marketing 1

2 PERSUADE*REMIND*INFORM
Promotional Goals Main Goal is to increase Sales Increase Customer Usage Maintain Customer Loyalty Build a Fan Base Educate Potential Customers Overcome the resistance of hesitant first- time buyers PERSUADE*REMIND*INFORM

3 PERSUADE*REMIND*INFORM
Promotional Mix 4 Elements of Promotion Advertising Sales Promotion Publicity Personal Selling PERSUADE*REMIND*INFORM

4 1. Advertising A paid form of communication delivered to the consumers by a product maker or seller.

5 2. Sales Promotions An additional incentive offered for a limited amount of time to encourage consumers to buy products. Generate initial interest Drive short-term cash flow Sell out excess inventory

6 3. Publicity Unpaid media attention, whether negative or positive, about a business and its products, services or events.

7 In person, face-to-face communication between a seller and a customer.
4. Personal Selling In person, face-to-face communication between a seller and a customer.

8 2 Types of Promotions Product Promotion Institutional Promotion

9 1. Product Promotion Message focuses on specific product
Includes long-term product branding Short-term sales promotions Goal is to communicate, then reinforce the value of your product

10 2. Institutional Promotion
Used to convey your company’s brand message to target customers Develop a strong reputation / brand Communicate the distinct values of the company

11 Group Activity Ace / #7 2’s 3’s 4’s 5’s 6’s

12 Promotional Groups Group Activities:
Your group has created a Broadway show about Briar Woods Activities, how will you use the promotional mix to sell tickets and create a buzz Provide 3 examples of products that are best purchased through Personal Selling Provide 3 examples of Publicity occurring within the sports world – can be positive or negative Brainstorm 3 products that you bought within the past year because of a Sales Promotion Advertising for a Movie, discuss ways to advertise to your target market, How would the film producers know if the advertising was effective? Brainstorm a product or service that would benefit from promotion through Twitter


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