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Questions and answers on market segmentation
Promotional objectives
Questions and answers on market segmentation
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“How do I get my product/service out there?” This is a question that many people who plan to begin their own businesses, or even larger companies who have already established a name for themselves, frequently ask. Your product or service may be the latest and greatest on the market today, but that doesn't help you if no one knows it exists. You need to find someway to make yourself and your product known.
That is where promotion comes into play. But what exactly is promotion? Well, www.dictionary.com defines promotion as:
The act of promoting or the fact of being promoted; advancement.
Encouragement of the progress, growth, or acceptance of something; furtherance.
Advertising; publicity.
Essentially this covers everything from commercials to magazine ads and even free items given out at exhibitions and trade shows. Promotion is preformed many different ways by many different people but when it all comes down to it there is really only one purpose. To get your name out there.
Now you're probably wondering which kind or promotional strategy would be best for your product, and you would be right to wonder about this. Not every product can be marketed in the same way. Truth be told the promotional strategy is based solely on the product or service. There is no list of defined laws for promotion. The best I can do is give some examples of promotion and explain some points. The rest is really up to you.
For simplicity sake all of my promotional examples are taken from the gaming software aspect of the Information Technology field. More specifically the games programmed for gaming consoles such as the Playstation and GameCube.
To start things off we'll discuss the media aspect of promotion. But just what makes a promotion successful? And how many types of promotions are out there? The Handbook Of Market Segmentation says:
Successful advertising calls for investing your dollars wisely. Advertising expenditures should be allocated to those media vehicles which can best deliver to target markets. Scores of different media can be used. One advertising company claimed that more than 14,000 choices exist. Obviously, most of these media are obscure, impractical, or unimportant. For simplicity, media can be divided into three major classes:
1.Bro...
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... into a promotion for a product that hasn't been completed yet. Nintendo decided the best course of action would be to take shots of what they already have completed, put it to some good sounding dramatic music, just to show viewers what this game will have to offer.
After all of this you have to ask yourself “Is all of this stuff really worth it?”. Most companies would say definitely. Promotional items make sure that people have physical objects to remember your product by, and as for the commercials, well, Alan Bruce said it best in his article “Marking 50 Years Of Memorable TV”:
If the TV medium has reason to celebrate anything lately, it's commercials like these. And industry groups just that marking the 50th anniversary of those ineluctable ads whose history is as memorable – for better or worse – as that of the TV programming itself.
Bibliographies
1.Weinstein, Art. The Handbook of Market Segmentation. New York: The Haworth Press, 2004
2.Bruce, Alan. "Marking 50 Years of Memorable TV The Commercials" Christian Science Monitor. 3 Mar. 1995: Vol: 87, Issue: 67
3.Videos care of www.nintendo.com
What makes a T.V. commercial memorable? Is it the product you remember or just the commercial itself? Many times it could be both, depending on the person that’s watching the commercial. Sitting down to watch the television is more than just enjoying your favorite TV show; it’s about seeing the different types of commercial that comes with it. Commercials will play a huge role in today’s society.
However, extensive research has been conducted to test the effectiveness of nostalgic and non-nostalgic commercials. The results of one particular study revealed that advertisements with nostalgic themes are actually quite likely to produce greater recall and preference for the product being advertised (Muehling, 26). Furthermore, a separate investigation “examined individuals’ responses to nostalgic print ads, and observed a positive relationship between ad-evoked nostalgia (measured by a 10-item Likert scale) and attitudes toward the ad and purchase intentions” (Muehling,
For most companies, advertising can be a costly affair. On the one hand, customers are getting more information about new products, goods and services. While, on the other hand, it has to be effective, noticeable and remembered long enough to make potential customers into actual ones.
While doing so, the advertisers have created a memorable
According to Robert Scholes, author of On Reading a Video Text, commercials aired on television hold a dynamic power over human beings on a subconscious level. He believes that through the use of specific tools, commercials can hold the minds of an audience captive, and can control their abilities to think rationally. Visual fascination, one of the tools Scholes believes captures the minds of viewers, can take a simple video, and through the use of editing and special effects, turn it into a powerful scene which one simply cannot take his or her eyes from. Narrativity is yet another way Scholes feels commercials can take control of the thoughts of a person sitting in front of the television. Through the use of specific words, sounds, accompanying statements and or music, a television commercial can hold a viewer’s mind within its grasp, just long enough to confuse someone into buying a product for the wrong reason. The most significant power over the population held by television commercials is that of cultural reinforcement, as Scholes calls it. By offering a human relation throughout itself, a commercial can link with the masses as though it’s speaking to the individual viewer on an equal level. A commercial In his essay, Scholes analyzes a Budweiser commercial in an effort to prove his statements about the aforementioned tools.
Promotion is advertising to potential customers in and effort to create an awareness of your business. It is reasonable to believe that without the ability to advertise a company would have a difficult time generating new customers.
Sut Jhally, a professor at the university of Massachusetts of whom won the distinguished teacher award, wrote in his essay “ Advertising at the Edge of the Apocalypse” that : 20th century advertising - the most powerful propaganda in human history - will destroy the world as we know it. The survival of the human race will depend upon our ability to minimize the harmful effects of Advertising. These effects will have lasting impacts on our culture, joy, and future.
“Advertising Age.” Advertising age 75 years of ideas RSS. AdAge, 2005. Web. 3 Jan. 2014
The Super Bowl is a game that has been and will continue to be watched and celebrated by almost every American. Friends and families gather to enjoy typical tailgating snacks, while watching the national football leagues. However, the game is not the only aspect of the Super Bowl that grabs society’s attention. Super Bowl commercials draw viewers in by using tactics that are never seen in an average commercial. As time increases and technology further develops, do Super Bowl commercials such as Kia’s “Hero’s Journey” use different tactics to try to grab America’s attention or do they waste their time and money as Bruce Horovitz believes?
Motivation is the key to success when it comes to advertisements. It plays on the wants and needs of the person watching the commercials. Living in Canada for 11 years, it was not hard to find commercials of items in the United States but they were quite different. Consider the following 2 current commercials:
Advertising in the 50s was primarily focused on the return of traditional family values, and portraying the consumer’s role in society’s prestige. But, during the recession of 1959 to 1961, the time was ripe for some innovation in the advertising industry. Surly enough, a single ad appeared that changed the course of advertising history. The Volkswagen Beetle, a seemingly ugly car with all odds against it in the American market of huge, tail-finned vehicles of the 1950s, surprisingly prospered. The advertisement campaign broke all previous rules of using wide-angle photography, and beautiful women. These advertisements stole the American hearts with their wit and honesty.
Promotion. Finally comes promotion - informing the customer on the qualities and advantages of the product so that the potential buyer learns about the product, prefers it to those of the competitors, and has an opportunity to buy it at some place.
Promotion is to raise awareness of the sport marketer’s product, and to increase revenues in sales. Promotions are vital to the sports industry because it is how sport marketers advertise their products, and to raise awareness of the product and brand. An example of promotion would be when a professional baseball team has a promotional event such as a bobblehead give-a-way and a post game concert to raise attendance. This event raises awareness of the product, which would be the game, and promotes the sponsor who paid for the give-a-way. Sponsors seek to promote their brand, to create awareness for their product, and most importantly increase sale (Hickman, 170). Naturally sport franchises and sponsors fit together in give-a-ways because it mutually raises awareness for both entities. It is important that sport marketers utilize promotions because while it generates awareness among fans that do not closely follow the organization, it increases sales by bringing more people to the stadium. Promotions help improve image of the product, and place, while directly affecting price by improving
Advertising lies in the Promotion part of Marketing Mix, but it applies to all the other P's as well. Promoting one’s business is the key ingredient to making one’s business successful. Promotion, along with a great product, key placement, and a reasonable price, will help a marketer work his way to the top. Promoting does not mean leaving his advertising up to the word of mouth of his current customer.
Advertisements became hugely popular when they were carried over to commercial television in the late 1940s and early 1950s (Campbell and Thomas, 2014). At present time, advertisements are all around us. Thousands of advertisements are going on around the world every second. In just the USA, the average American child watches over 40,000 commercial ads a year.