Advanced Marketing The Promotional Mix Promotion Defined Any form of communication used to inform & persuade consumers to buy products or services. Promotional Mix Any combination of promotional activities, including advertising, sales promotion, personal selling, & publicity a company will do to inform & persuade consumers. 4 Promotional Mix Elements • (1)Advertising: Any paid & nonpersonal form of communication of an idea, good, or service. • Advertising Examples(Media – Avenues used to advertise): • Print Ads: Newspapers, magazines, direct mail, billboards, signage, posters. • Broadcast Ads: Television & Radio Commercials • Online Ads: Website Banner Ads, Pop-ups, E-mails 4 Promotional Mix Elements Cont…. • (2)Sales Promotion: Short term incentives used to stimulate customers to buy products. • Examples of Sales Promotions: • Coupons & Rebates: Offer price reduction or free merchandise • Free Samples • Premiums: Items that are given away free with purchase of • • • • merchandise Contests: Chance of winning a prize if a task is completed by the customer. Sweepstakes: Sign up to win a prize without purchase or task. Store Displays: Window and interior displays that stimulate purchases Free Financing: Borrowing money interest free 4 Promotional Mix Elements Cont…. • (3)Publicity/Public Relations: – Publicity: Free & non-personal forms of communication – Public Relations: Activities that promote the image and communications a company has with its employees, customers, investors, and public. • Examples of Publicity/Public Relations: • • • • • Press Releases & News Conferences Newspaper Articles T.V. News Stories Radio & T.V. appearances Company Newsletters 4 Promotional Mix Elements Cont…. • Personal Selling: Direct or personalized communication by employees to potential customers to influence buying decisions & ensure customer satisfaction. • Examples of Personal Selling – – – – Greetings Sales Help Employee dress telemarketing Promotional Mix & Target Markets * All promotional activities must be directed towards the target market