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Role of promotion in the marketing efforts of a company
Importance of promotion in marketing
Role of promotion in the marketing efforts of a company
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Promotion is one part of the marketing mix along with place, product and price. Promotion is very important in the marketing mix because if you don’t promote your promote your product then no-one will know about the product or it will rarely be seen. Promoting in the wrong place is also a big risk. All the marketing mix is very important as choosing one wrong factor of the marketing mix could impact greatly on a business especially if it is starting up.
The aims of promotion in marketing include many things. The main aims of marketing are to increase sales, attract customers, inform people, create awareness, create an image, and change customer attitudes and to encourage brand switching.
The main aims for Bethan, when starting her business would not be all these aims. The main three aims for Bethan would be to attract customers as she is just starting up and needs customers for her business. Bethan also needs to encourage brand switching, as well as to also change customers’ attitudes into liking her business and changing their custom to her so she can provide a service for these customers.
There are four different methods of promotion. These include:-
Method Of Promotion Description Of This Type Of Promotion Explain How Bethan Could Use This Type Of Promotion
Public Relations Advertising in things like the newspaper using stories and articles instead of using adverts. This helps save money. Public relations also involve getting the business well known publicly by all outsiders. Bethan could use this type of promotion because she could write an article about her business which will be free and will attract customers as well. This then means that there will more than one benefit.
Sponsorship Paying a business which is well known ...
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...e which strategies work best for her business as these will be the ones which she tends to use again as these are the ones which invite the most customers. Another idea which Bethan needs to think about when starting her business is broad spectrum advertising. This is trying to appeal to the widest possible audiences.
The legal requirements which Bethan would need to meet for the promotional strategy would be the legal code of practise. The legal code of practise involves the advertisement being-
• Legal
• Honest
• Decent
• True
• Fair
These are for all the advertisements which want to be advertised by. For her to promote her business to others she will have to abide by all these rules. If Bethan was to break anyone of these practises then she would break one of the laws and could be reported. Breaking the code of practise is going against The Trades Description Act.
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.
Marketing In this day and age is vital for a company to perform at its possible best. Marketing’s main focus is to give great satisfaction to a customer. There are many aspect of marketing, these aspects give marketer’s the tools to help strive for the best possible success they can achieve. They hope that they can create exposure for their brand, product or service.
There are three questions that I come from my mind when I think about this question. One is if the promotion is really in the interest of the customer and not just because it is being presented just for business. The reason why I think about this is that sometimes promotions are being offered to people, but the presenter have no care whatsoever unless its for the business. Part of being a service manager is to understand what customers want and treat them in a way that they are important instead of being seen as money. Another question is if the promotion explained clearly? If the promotion isnt being explained clearly then the customer is signing up for something they don’t need in the end. I see this happen a lot for practically anything type of service being offered and it bothers me half the time to be presented with half the information. Last but not least is if the promotion translucent? This is because sometimes the seller or presenter usually likes to hide things that...
· Use of social media for promotion- word of mouth and social media help to get the message across and promote the product efficiently
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.
The following six principles would certainly be considered by those formulating an advertising campaign for a new product. An advertising copywriter, and a manager of such a campaign would certainly benefit from developing a familiarity of these principles.
As a part of the marketing mix, promotion is the method, or combination of methods used to convey the value of the product to consumers. Below are the four of the common forms of promotion and how GrainGoat could potentially utilize each. • Advertising: Some forms of advertising are already being utilized. These efforts are best directed towards farm specific publications and websites. • Personal Selling: This is currently being done at great lengths and will continue to be most effective in the early stages of the GrainGoat.
Promotion, one of the 4P’s in the Marketing Mix, is communicating with the customer about a particular product to the customer in such a way that makes the product attractive enough to fulfill a need or want. There are several components, which make up promotion, referred to as integrated marketing communications (IMC). IMC includes advertising, selling, sales promotion, and public relations (Boone & Kurtz, 2013).
The major objective of any company is to make profits. Marketing is responsible for identifying a company’s customers anticipating their needs and wants, satisfying theses needs while keeping the its major goal which maximizing profits
Two recommendations for promoting direct-sales through consumer and the business; One is to offer incentives to its customers and second is to motivate the business to promoting its products by advertisements, establishing sales competition for employees, participating in conventions, and by endorsing franchise of its products to retail stores.
The promotion mix is to help attract target customers to specific products. PepsiCo promotional mix is advertisement, sales promotion, direct marketing, and public relations. PepsiCo’s advertisement usually consist a celebrity drinking the Pepsi product in a commercial. The sales promotion, which is discussed in chapter fifteen, includes sweepstakes, coupons, and rebates. Direct marketing is to sell directly to companies at wholesale price. Public relations include: sponsorship or financial assistance.
Conclusively, the marketing plan is indispensable to the firm. Marian Burke Wood wrote that it encompasses more than just marketing, it also includes the discussion of locations, staffing and financing. Asking questions such as which market should be penetrated, strengths and weaknesses that the firm brings to the marketplace. If sufficient resources are available, and if so, can be exploited, may prove to be more than just a handful of core benefits.
In writing the business plan, I determined our target market and our marketing strategy to gain a share of the market. I also had t...
Promotion is one of the best way to attract customer or consumer to buy more or try the product or services. As the result of the promotion last include the increase in sales, the amount of material used and attract new customers towards product and services. Now a days, the chain of fast food are fastly increasing in Pakistan e.g. KFC.
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.