Chapter 16 Using Effective Promotions McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. PROMOTION in an ORGANIZATION • Promotion Mix -- The combination of promotional tools an organization uses. The traditional mix includes: 16-2 ADVERTISING 16-3 ADVERTISING in the FIRM • Advertising -- Paid, nonpersonal communication through various media by organizations and individuals who are in some way indentified in the message. • Major goals of advertising: - Inform - Persuade - Remind 16-4 POPULAR ADVERTISING MEDIA • TV advertising is still the dominant media. • Digital Video Recorders (DVRs) challenge TV advertising because viewers can skip ads. • Product Placement -Advertisers pay to put their products into TV shows and movies where the audience will see them. 16-6 INFOMERCIALS and ONLINE ADVERTISING • Infomercial -- A full length TV program devoted exclusively to promote a particular product. • Online Ads are attempts to get potential customers to a web site to learn about a product. 16-7 ADVERTISING GLOBALLY 16-9 GLOBAL ADVERTISING STRATEGY • Globalism requires marketers to develop a single product and promotional strategy to implement worldwide. • Problems can arise in global markets with using one advertising campaign in all countries - especially bad translations. 16-10 REGIONAL ADVERTISING STRATEGY • Regionalism – specific ads for each country or for specific groups within a country. (most effective) 16-11 PERSONAL SELLING 16-12 PERSONAL SELLING • Personal Selling -- The face-to-face presentation and promotion of a product, including the salesperson’s search for new prospects and followup service. 16-13 PROSPECTING and QUALIFYING in SELLING • Prospecting -- Researching potential buyers and choosing those most likely to buy. • Qualifying -- Making sure customers have a need for a product, the authority to buy and the willingness to listen to a sales message. • Prospect -- A customer who meets the qualifying criteria. 16-15 STEPS in the B2B SELLING PROCESS 2. Approach 3. Make a presentation 4. Answer objections 5. Close the sale • Trial Close -- A statement or question that moves the process toward the purchase. 6. Follow up 16-16 STEPS in the B2C SELLING PROCESS 16-17 SALES PROMOTIONS 16-18 SALES PROMOTIONS • Sales Promotion -- The promotional tool that stimulates consumer purchasing and dealer interest by means of short-term activities. 16-19 SOME KEY CONSUMER SALES PROMOTIONS • Coupons • Demonstrations • Sampling • Sweepstakes • In-store Displays • Contests 16-20 USING PUBLIC RELATIONS in PROMOTION 16-21 USING PUBLIC RELATIONS in PROMOTION • Public Relations (PR) -- Evaluates public attitudes, changes policies and procedures in response to the public, and executes a program of action and information to earn public understanding and acceptance. • 3 steps of a good PR program: 1) Listen to the public 2) Change policies and procedures 3) Inform people that organization is responsive to their needs 16-22 PUBLICITY • Publicity -- Any information about an individual, product or organization that’s distributed to the public through the media and is not paid for or controlled by the seller. 16-23 ADVANTAGES of PUBLICITY • Free • Reaches people who would not look at an advertisement • More believable than advertising 16-24 DISADVANTAGES of PUBLICITY • No control over whether the media will use a story or when they may release it. • Once a story has been run, it is not likely to run again. • There is such a thing as bad publicity. 16-25 PULL, PUSH, PROMOTIONAL STRATEGIES Heavy advertisements and sales promotion efforts Directed at consumers so that they will request the products from retailers Products are pulled down through the distribution system Convince wholesalers and retailers to stock and sell Producer uses trade discounts, personal selling, cooperative advertising to convince the intermediaries Idea is to push the product through the distribution system to the stores 16-26 USING WORD-of-MOUTH PROMOTION • Word-of-Mouth Promotion -- People tell others about products they have purchased. • Word-of-Mouth is important for products like: - Restaurants - Daycare and Eldercare - Car Repair Shops - Hair Stylists - Hotels 16-27