Elements of Promotion Mix or promotional mix
81What is Promotional Mix?
Integration of all the elements of promotion mix is necessary to meet
the information requirements of all target customers. This simply
means that the promotion mix is not designed to satisfy only the
prospective buyer or only the regular buyer. Some elements of the mix
may be aimed at the target customer who is unaware of the product,
while others may be aimed at potential customers who are fully aware of
the product and are likely to purchase it. Suppose you are interested
in buying a personal computer. Because of your interest in the
product, you started paying attention to computer advertisements in
newspapers and magazines. You may even read the media reports on
personal computers by experts. You also may participate in training
programmes or demonstrations. You may also contact the sales persons
of different computers and find out the features and relative merits.
Based on all this information you may then purchase a specific brand.
Which aspect of the promotional mix brought you to the decision to buy
the brand you finally selected? You may say that the expertise of the
salespersons was a major influence, but the fact is that all the
elements of the mix played their roles in bringing about the sale.
Therefore, to get better response from the target customers, you have
to adopt all the different components of the promotion mix. However,
you should note that the elements of the promotion mix must be
coordinated and integrated so that they reinforce and complement each
other to create a blend that helps in achieving the promotional
objectives of the organization.
Components of Promotion Mix
There are seven main elements in a promotional mix. They are:
1. Advertising - Any paid form of non-personal communication through
mass media about a service or product or an idea by a sponsor is
called advertising. It is done through non personal channels or
media. Print advertisements, advertisements in Television, Radio,
Billboard, Brouchers and Cataloges, Direct mails, In-store display,
motion pictures, emails, banner ads, web pages, posters are some of the
examples of advertising. Paid promotion and presentation of goods,
services, ideas by a sponsor comes under the advertisement.
2. Personal Selling - This is a process by which a person persuade the
buyer to accept a product or a point of view or convince the buyer to
take specific course of action through face to face contact. It is an
act of helping and persuading through the use of oral presentation of
products or services. Target audience may very from product to product
and situation to situation. In other words personal selling is a person
to person process by which the seller learns about the prospective
buyer's wants and seeks to satisfy them by making a sale. Examples:
Sales Meetings, sales presentations, sales training and incentive
programs for intermediary sales people, samples and telemarketing etc.
It can be of face-to-face or through telephone contact.
3. Publicity: Non-personal stimulation of demand for a product,
service or business unit by generating commercially significant news
about it in published media or obtaining favourable presentation of it
on radio, television or stage. Unlike advertising, this form of
promotion is not paid for by the sponsor. Thus, publicity is news
carried in the mass media about an organization, its products,
policies, actions, personnel etc. It can originate with the media or
the marketer, and is published or broadcast at no charge for media
space and time. Examples: Magazine and Newspaper articles/reports,
radio and televison
presentations, charitable contributions, speeches, issue advertising,
and seminars. Publicity can be favourable (positive) or unfavourable
(Negative). The message is in the hands of media and not controlled by
the organization/firm.
4. Sales promotion - is any activity that offers an incentive for a
limited period to obtain a desired response from the target audience or
intermediaries which includes wholesalers and retailers. It stimulate
consumer demand, market demand and improve product availability.
Examples: Contests, product samples, Coupons, sweepstakes, rebates,
tie-ins, self-liquidating premiums, trade shows, trade-ins, and
exhibitions.
5 Corporate image - It is important to create a good image in the
sight of general public as the Image of an organization is a crucial
point in marketing. If the reputation of a company is bad, consumers
are less willing to buy a product from this company as they would have
been, if the company had a good image.
6 Exhibitions: Exhibitions provide a chance to try the product by the
customers. It is an avenue for the producers to get an instant response
from the potential consumers of the products.
7 Direct Marketing is reaching the customer without using the
traditional channels of advertising such as radio, newspaper,
television etc. This type of marketing reach the targeted consumers
with techniques such as promotional letters, street advertising,
catalogue distribution, fliers etc.
These promotional efforts are of two general types involving:
1. Direct face to face communication
2. Indirect communication through some mass medium, such as television, newspapers, radio, etc.
Sometimes a mixture of personal/direct and non personal/indirect
promotion is used as we use in the sales promotion. Industrial buyer
will not decide to purchase equipments on the basis of advertisements
or direct mail. Personal selling is preferred in this case. On the
other hand a customer buying toothpaste or hair oil will have less
contact with the company sales person and will be influenced more by
advertisements.
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glowingrocks 12 months ago
Interesting hub.