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+ Promotions Marketing I + What is a promotion?? In your own words explain what a promotion is used for and what it is intended to achieve + What is a promotion? Decisions about advertising, personal selling, sales promotion, and public relations used to attract customers and A way to attract potential customers + Types of promotional Methods Product promotion A promotional method used by businesses to convince prospects to select their goods or services instead of a competitors brands. https://www.youtube.com/watch?v=p5Yt30wrbl4 Or Institutional promotion A promotional method used to create a favorable image for a business, help it advocate for change, or take a stand on trade or community issues. http://www.toms.com/tribe + The promotional mix Personal Selling Advertising Direct Marketing Sales Promotion Public Relations + Personal Selling Direct contact to the consumer Very expensive http://www.wingclips.com/movie-clips/the-lorax/selling-air Why do you think this is expensive? + Advertising is everywhere A form of non personal promotion in which companies pay to promote ideas, goods, or services in a variety of media outlets. + Direct Marketing A type of advertising that sends a promotional message to a targeted group of prospects and customers rather than to a mass audience. Examples: mail, email, telemarketing Who can name a great and inexpensive way to directly market a product to a specific target market that I did not mention above? + Direct Marketing + Sales Promotion All marketing activities, other than personal selling, advertising, and public relations, that are directed at business or retail customers to boost sales. + Types of Sales Promotions Sales strategies that encourage customers and prospects to buy a product or service. Coupons: A certificate that entitles a customer to a cash discount on goods or services. Premiums: low-cost item given to consumers at a discount or for free. (free bag with the purchase of perfume) Incentives: A higher-priced product, award, or gift card that is earned and given away through contests, sweepstakes, special offers, and rebates. + Types of Sales Promotions Promotional tie ins: Activity that involves sales promotions between one or more retailers or manufacturers; also called cross-promotion or crossselling. + Loyalty marketing program: A marketing program that rewards customers by offering incentives for repeat purchases, such as a frequent flyer. + Kiosk: A point-of-purchase display that is a stand-alone structure. + Types of Sales Promotions Product Samples Sponsorships- an athlete, celebrity is paid to be in commercials. Also paid to be seen using the products or services. https://www.youtube.com/watch?v=NFwDTE4kEE4 http://www.askmen.com/top_10/sports/top-5-sponsorships-insports_5.html + Public Relations Activities that help an organization to influence a target audience. Examples: News release: An announcement sent to the appropriate media outlets. Social media: twitter, Facebook, Instagram post by a company about a certain event, sale, coupon, etc… Publicity: Bringing news or newsworthy information about an organization to the publics attention. + Assignment Your job is to find examples of the promotional Mix. You will need to copy and paste them onto a Google slide and share it with me. 2-different Sales promotion (they cannot be the same genre) 2-advertisements (they cannot be the same genre) 2- Direct marketing(they cannot be the same genre) 2-Public relations (they cannot be the same genre) This is due @ the end of the period