Promotion
Marketing
(noun)
dissemination of information about a product, product line, brand, or company
Business
(noun)
the advancement of an employee's rank or position in an organizational hierarchy system.
Examples of Promotion in the following topics:
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A Brief Definition
- Promotion – how the producer communicates the value of its products – is one of the market mix elements.
- Promotion – how the producer communicates the value of its products – is one of the market mix elements.
- There are five elements an organization may choose to include in its promotional mix or promotional plan.
- These elements are personal selling, advertising, sales promotion, direct marketing, and publicity.
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Promotional Objectives
- Promotional merchandise, promotional items, promotional products, promotional gifts, or advertising gifts, sometimes nicknamed swag or schwag, are articles of merchandise (often branded with a logo) used in marketing and communication programs.
- They are given away to promote a company, corporate image, brand, product or event.
- Fundamentally, however there are three basic objectives of promotion.
- For example p romotional merchandise, promotional items, promotional products, promotional gifts, or advertising gifts, sometimes nicknamed swag or schwag, are articles of merchandise (often branded with a logo) used in marketing and communication programs.
- They are given away to promote a company, corporate image, brand, product or event.
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Employee Promotions
- The opposite of a promotion is a demotion.
- Internal promotions carry incentives that motivate employee efficacy and ambition.
- A promotion might involve a higher designation.
- An example would be a promotion from office manager to regional manager.
- A promotion can (and often does) mean an increase in salary.
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Promotion Objectives
- Promotion is to present information to consumers to increase demand and to differentiate a product.
- Product promotion is the act of advertising a good or service with the goal of increasing sales.
- Promotion is one of the five market mix elements: personal selling, advertising, sales promotion , direct marketing, and publicity.
- Fundamentally, however there are three basic objectives of promotion.
- There are different ways to promote a product in different media.
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Defining Promotion
- Promotion is one of the primary elements used in the marketing mix.
- When assembling a promotional plan, marketers typically employ one or more of the following five promotional subcategories: personal selling, advertising, sales promotion, direct marketing, and publicity (or public relations).
- These communication tools serve as tactics within the promotional plan to accomplish objectives such as:
- Promotional tactics such as reward programs are used by companies to increase sales and customer acquisition.
- Describe how promotional tools work together to educate consumers and generate sales
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Trade vs. Consumer Promotions
- Trade promotions are targeted toward retailers while consumer promotions are targeted toward consumers.
- Trade promotions are targeted toward retailers while consumer promotions are targeted toward consumers .
- Trade promotions are marketing activities executed between manufacturers and retailers.
- Types of consumer promotions can include:
- Differentiate between trade and consumer promotions relative to a product's marketing mix
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The Promotion Mix
- There are five (sometimes six) main aspects of a promotional mix: Advertising, Personal selling, Sales promotion, Public relations, and Direct marketing.
- There are five (sometimes six) main aspects of a promotional mix .
- Advertising: Presentation and promotion of ideas, goods, or services by an identified sponsor.
- Corporate image may be considered as a sixth aspect of promotion mix.
- New Media is also sometimes considered an element of the promotion mix.
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Objectives of a Sales Promotion
- Sales promotion is one of the many tools used in a retailer's promotional mix.
- Sales promotion may be referred to as "below the line" or "point of sale. " For example, price reductions at the cash register or complimentary gifts with purchases all fall under sales promotional tactics.
- Sales promotions can be directed to consumers, sales employees, or other retailers.
- Some of these trade promotion activities are:
- The distribution of coupons is a common sales promotion tactic to encourage customer sales.
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Sales Promotion
- There are two types of sales promotions; consumer and trade.
- A consumer sales promotion targets the customer while a trade sales promotion focuses on organizational customers that can stimulate immediate sales.
- Consumers attract the greatest number of sales promotion devices.
- One of the most common sales promotion techniques involves coupons.
- Point-of-sale displays are in-store sales promotion techniques.
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A Brief Description
- Promotion is one of the marketing mix elements, including personal selling, advertising, sales promotion, direct marketing, and publicity.
- There are five components to a promotional or marketing mix (sometimes known as the Five P's).
- Let's focus specifically on the promotion element of the marketing mix.
- There are three basic objectives of promotion and these are:
- There are different ways to promote a product in different areas of media.