Section 2
Understanding Promotion
Book
Version 3
By Boundless
By Boundless
Boundless Marketing
Marketing
by Boundless
6 concepts
Defining Promotion
As a key marketing element, promotion comprises communications tactics used to educate consumers, increase demand, and differentiate brands.
The Many Goals of Persuasion
Promotional tactics are frequently used by companies to persuade consumers to choose their products over competing brands.
Identifying Prospects
Organizations must identify prospective customers and understand their needs and wants to improve the odds of making a sale.
Encouraging Product Trials
Promotional tactics such as free samples and discounts are often used to encourage consumers to participate in product trials.
Stimulating Demand
For brands to successfully stimulate consumer demand, they must understand consumer needs and motives.
Reminding and Retaining Customers
Organizations have shifted to using personalized promotional tactics to retain customers and encourage repeat sales.