SlideShare ist ein Scribd-Unternehmen logo
1 von 51
PROMOTIONAL MIX
 Promotion is one of the four elements of marketing
mix (product, price, promotion, place).
 It is the communication link between sellers and
buyers for the purpose of influencing, informing, or
persuading a potential buyer's purchasing decision
 Above the line promotion: Promotion in mass
media. TV, radio, newspapers, internet, mobile
phones.
 Below the line promotion: All other promotion.
sponsorship, product placement, testimonials, sales
promotion, merchandising, direct mail, personal
selling, public relations, trade shows
 The specification of five elements creates
a promotional mix or promotional plan. These
elements are personal selling, advertising, sales
promotion, direct marketing, and publicity
 A promotional mix specifies how much attention to
pay to each of the five subcategories, and how
much money to budget for each.
 A promotional plan can have a wide range of
objectives,
 sales increases, new product acceptance, creation
of brand equity, positioning, competitive advantage,
or creation of a corporate image.
 Fundamentally, there are three basic objectives of
promotion.
 To present information to consumers as well as
others
 To increase demand
 To differentiate a product.
FACTORS INFLUENCING PROMOTION MIX.
 Nature of the product.
 Marketing strategy.(push or pull).
 Buyer readiness stage.
 Product life cycle stage.
SALES PROMOTION.
 Sales promotion is one of the four aspects
of promotional mix.
 Media and non-media marketing communication
are employed for a pre-determined, limited time to
increase consumer demand, stimulate market
demand or improve product availability.
 Collectively comprises the tools used to promote
sales in a specific territory and time.
 They are short-term in nature, and are designed
stimulate quick sales.
 Sales promotions can be directed at either
the customer, sales staff, or distribution channel
members (such as retailers).
 Sales promotions targeted at the consumer are
called consumer sales promotions.
 Sales promotions targeted at retailers
and wholesalers are called trade sales
promotions.
OBJECTIVES AND TYPES OF SALES
PROMOTION.
 Generate consumer interest(which finally reach to
trial).
 Methods- coupons, discount sales, free
samples,contests,demonsrations(in-store).
 Dabbawala- Mangofillz
 Generate enquiry from the target customer group.
 Methods- gifts, mail-in
coupons,catalougue,brochures.
 Hotels,asian paints,
 Build consumer traffic.
 Methods-special events, festival sales, annual
sales.
 Big-bazzar Wednesday bazzar, year end sale.
 Motivate customers to repeat purchase.
 Methods-on pack coupons, continuity promotions,
loyalty cards.
 Manorama sammana varsham-a game for readers
,vanitha-aiswaryolsavam
 Increasing rates of purchase or usage.
 Methods-multi pack, special rate for more than one,
new usage situations.
 Other methods.
 Price deal: A temporary reduction in the price, such
as happy hour. Free-standing insert (FSI): A coupon
booklet is inserted into the local newspaper for
delivery.
 On-shelf couponing: Coupons are present at the
shelf where the product is available.
 Checkout dispensers: On checkout the customer is
given a coupon based on products purchased.
 On-line couponing: Coupons are available online.
Consumers print them out and take them to the
store.
 Mobile couponing: Coupons are available on a
mobile phone. Consumers show the offer on a
mobile phone to a salesperson for redemption.
 Online interactive promotion game: Consumers
play an interactive game associated with the
promoted product. Interactive Internet Ad for tomato
ketchup.
 Point of displays.
TRADE PROMOTION.
 Trade allowances: short term incentive offered to induce
a retailer to stock up on a product.
 Dealer loader: An incentive given to induce a retailer to
purchase and display a product.
 Trade contest: A contest to reward retailers that sell the
most product.
 Point-of-purchase displays: Used to create the urge of
"impulse" buying and selling your product on the spot.
 Training programs: dealer employees are trained in
selling the product.
 Push money: also known as "spliffs". An extra
commission paid to retail employees to push products.
DISADVANTAGES OF SALES PROMOTION.
 Increased price sensitivity.
 Quality image may be affected.
 Merchandising support.
 Dealers will take up undue advantage.
 Short term sales orientation.
ADVERTISEMENT.
 It is any paid form of nonpersonal presentation of
ideas,goods,or services by an identified sponsor.
 It should be based on target market and buyer
motives.
 Five “M”s in advertising.
 Mission-objectives
 Money-budget
 Media-what media
 Message-what message
 Measurement-evaluation
SETTING THE OBJECTIVES(MISSION.)
 It should follow with the decisions of target market
and brand positioning.
 Objectives can be classified according to their aim.
 Informative.
 Aims to create brand awareness and knowledge of
new products or new features of existing products.
 Persuasive.
 Aims to create liking,preference,conviction,and
purchase of a product.
 Reminder.
 Repeat purchase of products and services.
 Re- inforcement
 Convince current purchasers that they made the
right decision.
DECIDING ON THE ADVERTISEMENT
BUDGET.(MONEY)
 How much a firm should spend on advertising its
brand?
 Percent of sales.
 Sales decides advertisement budget.
 Plc stages denies this method.
 Based on affordability.
 If something left after the entire expenses, it will be
allocated for the advertisement.
 Based on competitive parity.
 Follow the crowd method.
 Some firms may well utilize the situation.
 Difference in the firm size is another problem.
 Based on the objective and task.
 Most proactive approach.
 Decides the objective, plan the task, understand
cost and then decide the budget.
FACTORS AFFECTING BUDGET DECISIONS.
 Stage in the plc.
 Market share and consumer base.
 Competition and.
 Advertising frequency.
 Products substitutability.
DEVELOPING THE CAMPAIGN(MESSAGE).
 Message generation and evaluation.
 What the ad says?
 Evaluating the various messages and choosing
one.
 Creative development and execution.
 How the ad says?
 How it can be executed?
 Legal and social issues.
DECIDING ON MEDIA(MEDIA)
 Deciding on reach, frequency and impact.
 Media selection-is finding the most cost effective
media to deliver the desired number and type of
exposures to the target audience.
 Exposures-specified advertising objective and its
response from the target audience.
 Reach-the number of different persons or
households exposed to a particular media schedule
at least once during a specified time period.
 Frequency-the number of times within the specified
time period that an average person or household
exposed to the message.
 Impact-the qualitative value of an exposure through
a given medium.
 (automobile advertisement impact will be higher in
automobile magazines than in fashion magazines.)
 If the reach, frequency and impact is high the
advertisement will have an effectiveness but the
budget will be high.
 Reach-introducing products.
 Frequency-if the competition ifs high
DECIDING ON MEDIA TYPES.
 Each media will differ in their power of
reach,frequency,and impact.
 Media planners should find out the right mix of
media for reach,frequency,and impact.
 Target audience media habits-
youth,elders,rich,middleclass,geographical
differences.
 Product characteristics-high-tech products requires
audio-video visualization, paints
 Message characteristics-timeliness and information
content will influence media choice.
 Limited period offer –radio,t.v,newspaper.
 BJP- Election campaign 2014
ALTERNATIVE ADVERTISING OPTIONS.
PLACE ADVERTISING.
PUBLIC SPACE ADVERTISEMENT.
 Product placement in movies and t.v shows.
 Point of displays.
 Ads can be anywhere, even in toilets where a
customer spends some time.
SELECTING SPECIFIC MEDIA VEHICLE.
 Circulation.
 Audience-readership.
 Effective audience
 Effective ad-exposed audience.
DECIDING ON MEDIA TIMING AND ALLOCATION.
 Macro scheduling.
 Micro scheduling.
 Buyer turnover.
 Purchase frequency.
 Forgetting rate.
 Continuity.
 Concentration.
 Flighting.
 Pulsing.
EVALUATING ADVERTISING EFFECTIVENESS.
 The potential effect on awareness,knowledge,or
preference. also to measure the ad’s sales effect.
 Brand awareness, knowledge about the brand,
preference for the brand, sales effect
 Communication-effect research.
 Consumer – feedback method
 What is the main message that you get from this ad?
 What do you think they want you to know,believ,or do?
 How likely is that this ad will influence you to undertake
the decision?
 What works well and what works poorly?
 How does the make you feel?
 Portfolio tests-ask customers to view or listen to a
portfolio of advertisements, then they are asked to
recall the ads and the content.
 Laboratory test-measure physiological reactions of
the customer.
 Attention getting power can be identified but not
beliefs,attitudes,or intentions.
 Sales effect research.
 Historical method- comparison with the old data.
 Experimental-consumer panel are created and their
purchase behavior linked with a particular ad.
 In-store tests.
MANAGING THE DISTRIBUTION FUNCTION.
 Marketing channels are sets of independent
organizations involved in the process of making a
product or service available for the customer.
 Role and functions of middlemen.
 Information.
 Price-stability.
 Promotion.
 financing.
 Title.
 Type and nature of middlemen.
 Merchant middlemen.
 Take titles of the product and resell them.
 Retailers,wholesalers,dealers.
 Agents.
 Title and risk will not be shared, they will help the firm in
identifying potential customers.
 Commission based on their work.
 Facilitors.
 Independent business units, without holding the title of
the product.
 Service charges can be collected.
 Railway tickets and western union money transfer in
muthoott.
MAJOR DISTRIBUTION ALTERNATIVES.
 Intensive distribution.
 All the possible outlets that can be distributed the
product.
 Soft drinks and candy.
 Easy availability.
 Selective distribution.
 Some selective outlets for the distribution.
 Good relationship with the channel members.
 Optimum market coverage, good control, less cost.
 Consumer durables.
 Exclusive distribution.
 One or two major outlets in a particular area. these
outlets will only sell one brand.
 High prestigious image.
 Woodland shoes,loui Philippe.

Weitere ähnliche Inhalte

Was ist angesagt?

What are the major steps in developing effective communications
What are the major steps in developing effective communicationsWhat are the major steps in developing effective communications
What are the major steps in developing effective communications
Sameer Mathur
 
Communication mix
Communication mixCommunication mix
Communication mix
asimo21
 
Marketing research
Marketing researchMarketing research
Marketing research
Arian Hadi
 

Was ist angesagt? (20)

Marketing meaning, definition, scope
Marketing  meaning, definition, scopeMarketing  meaning, definition, scope
Marketing meaning, definition, scope
 
Tools of sales promotion
Tools of sales promotionTools of sales promotion
Tools of sales promotion
 
Advertising budget
Advertising budgetAdvertising budget
Advertising budget
 
Marketing research, Role of Marketing Research and Marketing Research Process
Marketing research, Role of Marketing Research and Marketing Research ProcessMarketing research, Role of Marketing Research and Marketing Research Process
Marketing research, Role of Marketing Research and Marketing Research Process
 
What are the major steps in developing effective communications
What are the major steps in developing effective communicationsWhat are the major steps in developing effective communications
What are the major steps in developing effective communications
 
Sales promotion
Sales promotionSales promotion
Sales promotion
 
Designing marketing channels
Designing marketing channelsDesigning marketing channels
Designing marketing channels
 
Promotion mix"methods of promotion"
Promotion mix"methods of promotion"Promotion mix"methods of promotion"
Promotion mix"methods of promotion"
 
Advertising, sales promotion
Advertising, sales promotionAdvertising, sales promotion
Advertising, sales promotion
 
Promotion Mix
Promotion MixPromotion Mix
Promotion Mix
 
Branding
BrandingBranding
Branding
 
Sales promotion
Sales promotionSales promotion
Sales promotion
 
Introduction to Integrated Marketing Communication
Introduction to Integrated Marketing CommunicationIntroduction to Integrated Marketing Communication
Introduction to Integrated Marketing Communication
 
Functions of marketing
Functions of marketingFunctions of marketing
Functions of marketing
 
Pricing (Marketing)
Pricing (Marketing)Pricing (Marketing)
Pricing (Marketing)
 
Communication mix
Communication mixCommunication mix
Communication mix
 
Factors Affecting Consumer Behavior
Factors Affecting Consumer BehaviorFactors Affecting Consumer Behavior
Factors Affecting Consumer Behavior
 
View integrated marketing communications (imc) part 1
View integrated marketing communications (imc) part 1View integrated marketing communications (imc) part 1
View integrated marketing communications (imc) part 1
 
sales quotas
 sales quotas sales quotas
sales quotas
 
Marketing research
Marketing researchMarketing research
Marketing research
 

Andere mochten auch

Four Elements of the Marketing Mix and Four Promotion Activities
Four Elements of the Marketing Mix and Four Promotion ActivitiesFour Elements of the Marketing Mix and Four Promotion Activities
Four Elements of the Marketing Mix and Four Promotion Activities
Joshua Miranda
 
DC Chapter Nine : Advertising And Promotion
DC Chapter Nine : Advertising And PromotionDC Chapter Nine : Advertising And Promotion
DC Chapter Nine : Advertising And Promotion
DCAdvisor
 
Chapter 12. promotion mix
Chapter 12. promotion mixChapter 12. promotion mix
Chapter 12. promotion mix
Jags Jagdish
 
Retailing & Promotion Mix
Retailing & Promotion MixRetailing & Promotion Mix
Retailing & Promotion Mix
VARUN MODI
 

Andere mochten auch (20)

Elements of promotion mix
Elements of promotion mixElements of promotion mix
Elements of promotion mix
 
Promotion mix
Promotion mixPromotion mix
Promotion mix
 
Promotional mix
Promotional mixPromotional mix
Promotional mix
 
Effective Promotion Mechanics - INSIGHTS INTO MOBILE REWARDS CAMPAIGNS
Effective Promotion Mechanics - INSIGHTS INTO MOBILE REWARDS CAMPAIGNSEffective Promotion Mechanics - INSIGHTS INTO MOBILE REWARDS CAMPAIGNS
Effective Promotion Mechanics - INSIGHTS INTO MOBILE REWARDS CAMPAIGNS
 
V.vijay promotional mix
V.vijay promotional mixV.vijay promotional mix
V.vijay promotional mix
 
Four Elements of the Marketing Mix and Four Promotion Activities
Four Elements of the Marketing Mix and Four Promotion ActivitiesFour Elements of the Marketing Mix and Four Promotion Activities
Four Elements of the Marketing Mix and Four Promotion Activities
 
Marketing
MarketingMarketing
Marketing
 
11.2 Promotional Mix Presentation 6
11.2 Promotional Mix Presentation 611.2 Promotional Mix Presentation 6
11.2 Promotional Mix Presentation 6
 
Promotion mix (tools)
Promotion mix (tools)Promotion mix (tools)
Promotion mix (tools)
 
Promotional selling pricing
Promotional selling pricingPromotional selling pricing
Promotional selling pricing
 
Crest SWOT Analysis
Crest SWOT AnalysisCrest SWOT Analysis
Crest SWOT Analysis
 
Promotional mix powerpoint
Promotional mix powerpointPromotional mix powerpoint
Promotional mix powerpoint
 
DC Chapter Nine : Advertising And Promotion
DC Chapter Nine : Advertising And PromotionDC Chapter Nine : Advertising And Promotion
DC Chapter Nine : Advertising And Promotion
 
Chapter 12. promotion mix
Chapter 12. promotion mixChapter 12. promotion mix
Chapter 12. promotion mix
 
marketing mix
marketing mixmarketing mix
marketing mix
 
Promotion mix (mm)
Promotion mix (mm)Promotion mix (mm)
Promotion mix (mm)
 
Product Positioning and Product Life Cylce
Product Positioning and Product Life CylceProduct Positioning and Product Life Cylce
Product Positioning and Product Life Cylce
 
Product positioning
Product positioningProduct positioning
Product positioning
 
Retailing & Promotion Mix
Retailing & Promotion MixRetailing & Promotion Mix
Retailing & Promotion Mix
 
Marketing Positioning Strategies
Marketing Positioning StrategiesMarketing Positioning Strategies
Marketing Positioning Strategies
 

Ähnlich wie Promotional mix

Ch14 introto business
Ch14 introto businessCh14 introto business
Ch14 introto business
Natalia
 
Retail communication mix
Retail communication mixRetail communication mix
Retail communication mix
Sagar Gadekar
 
Unit1 marketing mix promotion
Unit1 marketing mix promotionUnit1 marketing mix promotion
Unit1 marketing mix promotion
Subhajit Sanyal
 
Advertisement mgmt
Advertisement mgmtAdvertisement mgmt
Advertisement mgmt
rahila13
 

Ähnlich wie Promotional mix (20)

Ch14 introto business
Ch14 introto businessCh14 introto business
Ch14 introto business
 
Media ap
Media apMedia ap
Media ap
 
Advertising and Brand Management
Advertising and Brand ManagementAdvertising and Brand Management
Advertising and Brand Management
 
Integrated marketing
Integrated  marketingIntegrated  marketing
Integrated marketing
 
A STUDY ON EFFECTIVE BRAND PROMOTIONAL STRATEGIES INFLUENCING CUSTOMERS
A STUDY ON EFFECTIVE BRAND PROMOTIONAL STRATEGIES INFLUENCING CUSTOMERSA STUDY ON EFFECTIVE BRAND PROMOTIONAL STRATEGIES INFLUENCING CUSTOMERS
A STUDY ON EFFECTIVE BRAND PROMOTIONAL STRATEGIES INFLUENCING CUSTOMERS
 
Promotion
PromotionPromotion
Promotion
 
Advertising
AdvertisingAdvertising
Advertising
 
Advertising is nothing but a paid form
Advertising is nothing but a paid form Advertising is nothing but a paid form
Advertising is nothing but a paid form
 
Mgt170
Mgt170Mgt170
Mgt170
 
Retail communication mix
Retail communication mixRetail communication mix
Retail communication mix
 
Retailcommunicationmix 120506022650-phpapp01
Retailcommunicationmix 120506022650-phpapp01Retailcommunicationmix 120506022650-phpapp01
Retailcommunicationmix 120506022650-phpapp01
 
Advertising
AdvertisingAdvertising
Advertising
 
Promotion Mix (Sales Promotion and Personal Selling)
Promotion Mix (Sales Promotion and Personal Selling)Promotion Mix (Sales Promotion and Personal Selling)
Promotion Mix (Sales Promotion and Personal Selling)
 
Selling and Marketing
Selling and Marketing Selling and Marketing
Selling and Marketing
 
Principles of marketing chapter-8 promotion (pu)
Principles of marketing chapter-8 promotion (pu)Principles of marketing chapter-8 promotion (pu)
Principles of marketing chapter-8 promotion (pu)
 
Unit1 marketing mix promotion
Unit1 marketing mix promotionUnit1 marketing mix promotion
Unit1 marketing mix promotion
 
Advertisement mgmt
Advertisement mgmtAdvertisement mgmt
Advertisement mgmt
 
Advertising ppt
Advertising pptAdvertising ppt
Advertising ppt
 
Advertisingppt 130708233914-phpapp01
Advertisingppt 130708233914-phpapp01Advertisingppt 130708233914-phpapp01
Advertisingppt 130708233914-phpapp01
 
Marketing mix and sale promotion
Marketing mix and sale promotionMarketing mix and sale promotion
Marketing mix and sale promotion
 

Mehr von Aswin prakash i , Xantus Technologies

Mehr von Aswin prakash i , Xantus Technologies (20)

Trading profit and loss account
Trading profit  and loss accountTrading profit  and loss account
Trading profit and loss account
 
Statistial tables
Statistial tablesStatistial tables
Statistial tables
 
Simple monopoly
Simple monopolySimple monopoly
Simple monopoly
 
Profit and loss account
Profit and loss accountProfit and loss account
Profit and loss account
 
Oligopoly
OligopolyOligopoly
Oligopoly
 
Monopoly
MonopolyMonopoly
Monopoly
 
Monopolistic competition
Monopolistic competitionMonopolistic competition
Monopolistic competition
 
Microeconomics
MicroeconomicsMicroeconomics
Microeconomics
 
Introduction to accounting
Introduction to accountingIntroduction to accounting
Introduction to accounting
 
business economics
business economicsbusiness economics
business economics
 
Financial accounting
Financial accountingFinancial accounting
Financial accounting
 
Cost benefit
Cost benefit Cost benefit
Cost benefit
 
Cost management for mba
Cost management for mbaCost management for mba
Cost management for mba
 
break-even_analysis
break-even_analysisbreak-even_analysis
break-even_analysis
 
marginal costing
marginal costingmarginal costing
marginal costing
 
Capital budgeting
Capital budgetingCapital budgeting
Capital budgeting
 
Capital budgeting irr arr
Capital budgeting irr arrCapital budgeting irr arr
Capital budgeting irr arr
 
Break even-point
Break even-pointBreak even-point
Break even-point
 
Bitcoin
BitcoinBitcoin
Bitcoin
 
Break even analysis
Break even analysisBreak even analysis
Break even analysis
 

Kürzlich hochgeladen

Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
vineshkumarsajnani12
 
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai KuwaitThe Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
daisycvs
 
Mckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for ViewingMckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for Viewing
Nauman Safdar
 

Kürzlich hochgeladen (20)

Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
 
New 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck TemplateNew 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck Template
 
HomeRoots Pitch Deck | Investor Insights | April 2024
HomeRoots Pitch Deck | Investor Insights | April 2024HomeRoots Pitch Deck | Investor Insights | April 2024
HomeRoots Pitch Deck | Investor Insights | April 2024
 
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All TimeCall 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
 
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAIGetting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
 
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
 
Falcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investorsFalcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investors
 
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
 
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityHow to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League City
 
CROSS CULTURAL NEGOTIATION BY PANMISEM NS
CROSS CULTURAL NEGOTIATION BY PANMISEM NSCROSS CULTURAL NEGOTIATION BY PANMISEM NS
CROSS CULTURAL NEGOTIATION BY PANMISEM NS
 
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai KuwaitThe Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
 
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
 
Mckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for ViewingMckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for Viewing
 
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGBerhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGBerhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...
Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...
Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...
 
Kalyan Call Girl 98350*37198 Call Girls in Escort service book now
Kalyan Call Girl 98350*37198 Call Girls in Escort service book nowKalyan Call Girl 98350*37198 Call Girls in Escort service book now
Kalyan Call Girl 98350*37198 Call Girls in Escort service book now
 
Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS
Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTSDurg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS
Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS
 
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfDr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
 
JAJPUR CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN JAJPUR ESCORTS
JAJPUR CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN JAJPUR  ESCORTSJAJPUR CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN JAJPUR  ESCORTS
JAJPUR CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN JAJPUR ESCORTS
 

Promotional mix

  • 2.  Promotion is one of the four elements of marketing mix (product, price, promotion, place).  It is the communication link between sellers and buyers for the purpose of influencing, informing, or persuading a potential buyer's purchasing decision  Above the line promotion: Promotion in mass media. TV, radio, newspapers, internet, mobile phones.  Below the line promotion: All other promotion. sponsorship, product placement, testimonials, sales promotion, merchandising, direct mail, personal selling, public relations, trade shows
  • 3.  The specification of five elements creates a promotional mix or promotional plan. These elements are personal selling, advertising, sales promotion, direct marketing, and publicity  A promotional mix specifies how much attention to pay to each of the five subcategories, and how much money to budget for each.  A promotional plan can have a wide range of objectives,  sales increases, new product acceptance, creation of brand equity, positioning, competitive advantage, or creation of a corporate image.
  • 4.  Fundamentally, there are three basic objectives of promotion.  To present information to consumers as well as others  To increase demand  To differentiate a product.
  • 5. FACTORS INFLUENCING PROMOTION MIX.  Nature of the product.  Marketing strategy.(push or pull).  Buyer readiness stage.  Product life cycle stage.
  • 6. SALES PROMOTION.  Sales promotion is one of the four aspects of promotional mix.  Media and non-media marketing communication are employed for a pre-determined, limited time to increase consumer demand, stimulate market demand or improve product availability.  Collectively comprises the tools used to promote sales in a specific territory and time.  They are short-term in nature, and are designed stimulate quick sales.
  • 7.  Sales promotions can be directed at either the customer, sales staff, or distribution channel members (such as retailers).  Sales promotions targeted at the consumer are called consumer sales promotions.  Sales promotions targeted at retailers and wholesalers are called trade sales promotions.
  • 8. OBJECTIVES AND TYPES OF SALES PROMOTION.  Generate consumer interest(which finally reach to trial).  Methods- coupons, discount sales, free samples,contests,demonsrations(in-store).  Dabbawala- Mangofillz  Generate enquiry from the target customer group.  Methods- gifts, mail-in coupons,catalougue,brochures.  Hotels,asian paints,
  • 9.  Build consumer traffic.  Methods-special events, festival sales, annual sales.  Big-bazzar Wednesday bazzar, year end sale.  Motivate customers to repeat purchase.  Methods-on pack coupons, continuity promotions, loyalty cards.  Manorama sammana varsham-a game for readers ,vanitha-aiswaryolsavam
  • 10.  Increasing rates of purchase or usage.  Methods-multi pack, special rate for more than one, new usage situations.  Other methods.  Price deal: A temporary reduction in the price, such as happy hour. Free-standing insert (FSI): A coupon booklet is inserted into the local newspaper for delivery.  On-shelf couponing: Coupons are present at the shelf where the product is available.  Checkout dispensers: On checkout the customer is given a coupon based on products purchased.
  • 11.  On-line couponing: Coupons are available online. Consumers print them out and take them to the store.  Mobile couponing: Coupons are available on a mobile phone. Consumers show the offer on a mobile phone to a salesperson for redemption.  Online interactive promotion game: Consumers play an interactive game associated with the promoted product. Interactive Internet Ad for tomato ketchup.  Point of displays.
  • 12. TRADE PROMOTION.  Trade allowances: short term incentive offered to induce a retailer to stock up on a product.  Dealer loader: An incentive given to induce a retailer to purchase and display a product.  Trade contest: A contest to reward retailers that sell the most product.  Point-of-purchase displays: Used to create the urge of "impulse" buying and selling your product on the spot.  Training programs: dealer employees are trained in selling the product.  Push money: also known as "spliffs". An extra commission paid to retail employees to push products.
  • 13. DISADVANTAGES OF SALES PROMOTION.  Increased price sensitivity.  Quality image may be affected.  Merchandising support.  Dealers will take up undue advantage.  Short term sales orientation.
  • 14. ADVERTISEMENT.  It is any paid form of nonpersonal presentation of ideas,goods,or services by an identified sponsor.  It should be based on target market and buyer motives.  Five “M”s in advertising.  Mission-objectives  Money-budget  Media-what media  Message-what message  Measurement-evaluation
  • 15. SETTING THE OBJECTIVES(MISSION.)  It should follow with the decisions of target market and brand positioning.  Objectives can be classified according to their aim.  Informative.  Aims to create brand awareness and knowledge of new products or new features of existing products.
  • 16.  Persuasive.  Aims to create liking,preference,conviction,and purchase of a product.  Reminder.  Repeat purchase of products and services.  Re- inforcement  Convince current purchasers that they made the right decision.
  • 17. DECIDING ON THE ADVERTISEMENT BUDGET.(MONEY)  How much a firm should spend on advertising its brand?  Percent of sales.  Sales decides advertisement budget.  Plc stages denies this method.  Based on affordability.  If something left after the entire expenses, it will be allocated for the advertisement.  Based on competitive parity.  Follow the crowd method.  Some firms may well utilize the situation.
  • 18.  Difference in the firm size is another problem.  Based on the objective and task.  Most proactive approach.  Decides the objective, plan the task, understand cost and then decide the budget.
  • 19. FACTORS AFFECTING BUDGET DECISIONS.  Stage in the plc.  Market share and consumer base.  Competition and.  Advertising frequency.  Products substitutability.
  • 20. DEVELOPING THE CAMPAIGN(MESSAGE).  Message generation and evaluation.  What the ad says?  Evaluating the various messages and choosing one.  Creative development and execution.  How the ad says?  How it can be executed?  Legal and social issues.
  • 21.
  • 22.
  • 23.
  • 24.
  • 25.
  • 26.
  • 27.
  • 28. DECIDING ON MEDIA(MEDIA)  Deciding on reach, frequency and impact.  Media selection-is finding the most cost effective media to deliver the desired number and type of exposures to the target audience.  Exposures-specified advertising objective and its response from the target audience.  Reach-the number of different persons or households exposed to a particular media schedule at least once during a specified time period.
  • 29.  Frequency-the number of times within the specified time period that an average person or household exposed to the message.  Impact-the qualitative value of an exposure through a given medium.  (automobile advertisement impact will be higher in automobile magazines than in fashion magazines.)
  • 30.  If the reach, frequency and impact is high the advertisement will have an effectiveness but the budget will be high.  Reach-introducing products.  Frequency-if the competition ifs high
  • 31. DECIDING ON MEDIA TYPES.  Each media will differ in their power of reach,frequency,and impact.  Media planners should find out the right mix of media for reach,frequency,and impact.  Target audience media habits- youth,elders,rich,middleclass,geographical differences.  Product characteristics-high-tech products requires audio-video visualization, paints  Message characteristics-timeliness and information content will influence media choice.  Limited period offer –radio,t.v,newspaper.
  • 32.  BJP- Election campaign 2014
  • 33.
  • 35.
  • 36.
  • 37.
  • 38.
  • 39.
  • 41.
  • 42.  Product placement in movies and t.v shows.  Point of displays.  Ads can be anywhere, even in toilets where a customer spends some time.
  • 43. SELECTING SPECIFIC MEDIA VEHICLE.  Circulation.  Audience-readership.  Effective audience  Effective ad-exposed audience.
  • 44. DECIDING ON MEDIA TIMING AND ALLOCATION.  Macro scheduling.  Micro scheduling.  Buyer turnover.  Purchase frequency.  Forgetting rate.  Continuity.  Concentration.  Flighting.  Pulsing.
  • 45. EVALUATING ADVERTISING EFFECTIVENESS.  The potential effect on awareness,knowledge,or preference. also to measure the ad’s sales effect.  Brand awareness, knowledge about the brand, preference for the brand, sales effect  Communication-effect research.  Consumer – feedback method  What is the main message that you get from this ad?  What do you think they want you to know,believ,or do?  How likely is that this ad will influence you to undertake the decision?  What works well and what works poorly?
  • 46.  How does the make you feel?  Portfolio tests-ask customers to view or listen to a portfolio of advertisements, then they are asked to recall the ads and the content.  Laboratory test-measure physiological reactions of the customer.  Attention getting power can be identified but not beliefs,attitudes,or intentions.
  • 47.  Sales effect research.  Historical method- comparison with the old data.  Experimental-consumer panel are created and their purchase behavior linked with a particular ad.  In-store tests.
  • 48. MANAGING THE DISTRIBUTION FUNCTION.  Marketing channels are sets of independent organizations involved in the process of making a product or service available for the customer.  Role and functions of middlemen.  Information.  Price-stability.  Promotion.  financing.  Title.
  • 49.  Type and nature of middlemen.  Merchant middlemen.  Take titles of the product and resell them.  Retailers,wholesalers,dealers.  Agents.  Title and risk will not be shared, they will help the firm in identifying potential customers.  Commission based on their work.  Facilitors.  Independent business units, without holding the title of the product.  Service charges can be collected.  Railway tickets and western union money transfer in muthoott.
  • 50. MAJOR DISTRIBUTION ALTERNATIVES.  Intensive distribution.  All the possible outlets that can be distributed the product.  Soft drinks and candy.  Easy availability.  Selective distribution.  Some selective outlets for the distribution.  Good relationship with the channel members.  Optimum market coverage, good control, less cost.  Consumer durables.
  • 51.  Exclusive distribution.  One or two major outlets in a particular area. these outlets will only sell one brand.  High prestigious image.  Woodland shoes,loui Philippe.