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Promotion Promotion • Product Promotion • Institutional Promotion Types of Promotion in the Promotional Mix 1. 2. 3. 4. 5. Personal Selling Advertising Direct Marketing Sales Promotion Public Relations Push/Pull Concept • Push – Manufacturer pushes to retailer • Pull – Directs towards customer Closer Look at #4 Sales Promotion • Sales Promotion – Incentives to encourage customers to buy Products or Services – Incentives • Why we do something • New or Reward loyalty Trade Promotions • • • • • Promotional Allowances Cooperative Advertising Slotting Allowances Sales Force Promotions Trade Shows and Conventions Consumer Promotions • • • • • • • Coupons Premiums Deals Incentives Samples Sponsorships Promo Tie-Ins, Cross-Promo, Cross-Selling Consumer Promotions • Product Placement • Online Loyalty Marketing • POP