Chapter 11.2 IB - Promotion The Promotional Mix Four main components: 1. Advertising 2. Personal Selling 3. Sales Promotion (Trade & Consumer) 4. Public Relations & Publicity 1.Advertising ● A form of non-personal promotion that companies pay to promote ides, goods, or services through different media outlets. ● There are two main tasks: ○ 1. Preparing a message ○ 2. Select the right media to deliver the message ● The message: What is your objective? - usually it is to promote or persuade ○ Then know who your taget market is ○ Prepare a theme that your target market will notice ○ And use an ‘appeal’ that will support your message Advertising Appeal Appeal Example Fear Fear of financial problems for your family if you die: used to sell life insurance Humor Attention to a product by showing how it solves a problem in an amusing way: or how not using it can cause a problem Romance Depicting perfume to attract a romantic partner Music Supporting the advertising message with a song or jingle Rational Thinking Explaining why one investment company is better than another because of how it is managed Emotions Showing a product that has health benefits make you a better mother or father Scarcity Buy now. The project will be gone soon. Promoting Services When entering a new market: Companies selling a service survey what other companies are offering and the prices. International Advertisements: Alway be sure to adjust the message to match the culture! Should your message be a standardized message (ok for all counties) or a special message to a local situation or area? Media Message Marketers have to choose the right media for a presenting a message - the media should match the message and the audience. Choices: TV Radio Magazine Newspaper Outdoor-including: billboards Internet Speciality advertising 2. Personal Selling Sometimes referred to as ‘the last three feet of marketing’ This is any form of direct contact between a salesperson and a customer, including all contacts sales representatives make with the company’s customers. When selling to another company - how can you find prospective customers? Called...prospecting 3. Sales Promotions - Trade An attractive offer used as tactics to sell goods & services to other businesses. ➔Trade allowances ➔Trade contests ➔Trade incentives ➔Trade shows ➔Training programs ➔Vendor support programs ➔Specialty advertising ➔Point of purchase advertising 3. Sales Promotion (Consumer) Tactics used to sell goods and services directly to the end-users or consumers. ➔Coupons ➔Premiums (ex: Happy Meal toys) ➔Contests & Sweepstakes ➔Refunds & Rebates ➔Free Samples ➔Price-off deals (comes with a ‘50 cents off’ label on package) ➔Bonus Packs 4. Public Relations and Publicity Public relations is a program of activities that help an organization influence a target market. ex: press releases, charitable activities, features in magazines, newspaper stories. Goal of Public Relation Programs are to provide a positive and image or to avert negative publicity. Referred to as ‘crisis management’.