190 likes | 199 Views
Learn the various types of promotion and how they can be used to inform, persuade, and remind people about products, as well as improve the image of a business or company. Discover the purposes and benefits of promotion, including advertising, sales promotion, personal selling, publicity/public relations, and visual merchandising.
E N D
PROMOTION Any form of communication a business or company uses to inform, persuade, or remind people about products and to improve its image
Discussion • How are promotion and communication similar?
Lesson Objectives • Define promotion • Identify purposes of promotion • Define institutional promotion • Identify 5 types of promotion • Define promotional mix
Purposes of Promotion • Convince potential customers to buy • Explain features/benefits of products • Tell where products are sold • Advertise sales on products • Answer customers’ questions • Introduce new products • Create a favorable image of the company or product
Institutional Promotion Used to create a favorable image of the company, rather than to directly sell products
Discussion • Why would an organization promote itself and not its products?
Types of Promotion • Advertising • Sales Promotion • Personal Selling • Publicity/ Public Relations • Visual Merchandising
ADVERTISING The non-personal presentation of ideas and products by an identified sponsor. **PAID FOR**
Discussion • Describe the process or steps that happen when communication is taking place.
SALES PROMOTION 2 for 1 Sale Buy One, Get One Free $2 off after 8PM on Tuesday • stimulate purchases • increase store traffic
PERSONAL SELLING The PERSONAL presentation of a product or company to one or more potential buyers
Discussion Is telemarketing a form of promotion? If so, what type of promotion is it?
PUBLICITYPUBLIC RELATIONS Creating demand for a business or product by placing news about it in the media
Visual Merchandising The coordination of all physical elements in a place of business so that it projects the right image to its customers
Discussion • List one situation or product for which each type of advertisement would be appropriate.
Can you name a type of business that… • Uses a lot of advertising and sales promotion, but very little personal selling? • Uses very little advertising, but lots of personal selling?
What types of promotion do you think the following businesses use? • Hayes Chrysler/Jeep • Ruby Tuesday • Cigarette manufacturers • Avon Corporation • ebay
The combination of promotion types represents a product’s PROMOTIONAL MIX
Quiz Describe the promotional mix that would be appropriate for a business and product(s) that you choose. Explain how you would use each type of promotion. Tell why you would or would not use each type of promotion.