Advertising and Promotion pdf
Advertising and Promotion pdf
It is one of the core elements of the marketing mix, and it is suitable for creating
awareness, attracting and inducing customers to initiate a purchase.
Discount coupons, value-added services, trial offer, free distribution of samples,
offers on festive seasons and rebate are amongst ways how promotion is done.
Promotions help the company to increase sales since the goods or services are
offered at a low price.
Direct marketing, advertising, personal selling and public relations are activities
involved in promotions.
Advertising is a form of communication that is used to convey a single message to
a large population within a short time.
The main aim of advertising is to persuade, inform and create awareness of a
product or service to a customer.
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Television Advertising
Companies also use television advertising methods, such as commercials, to
inform potential customers about their company and products.
These commercials range in length from 15 seconds to two minutes, which
enables companies to customize their commercial advertising campaigns.
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Covert Advertising
Indirect advertising involves embedding your brand subtly in a scene or a
dialogue.
An example would be a celebrity wearing the company's brand or using a
company's product during an interview.
Internet Advertising
This method of advertising is when companies advertise their brand or
products by using the white space on another company's web pages.
Some companies also use crowdfunding websites to advertise their products
and gain funding for their business.
Direct Marketing
Digital marketing, or online marketing, is when a company directly
approaches a potential customer with its products.
They might promote their products through email, social media or other
digital communication methods to market products.
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Public Relations
This method of promotion focuses on a company's image in the community.
Companies often promote a favorable image by gaining media attention
regarding newsworthy activities to encourage a positive image.
Personal Selling
Personal selling is when a sales representative approaches a potential
customer to encourage a sales transaction.
Sales associates often conduct this type of promotion in person and adjust
their method to meet specific customer needs.
Objective
Advertising campaigns are long-term initiatives that help a company build its brand
image.
It accomplishes this by developing campaigns to reach a large market of existing
and potential customers.
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Cost
Advertising and promotion campaigns also differ in cost. Companies often pay for
advertising space on billboards, web pages, commercials or other advertising
locations.
Promotion campaigns often have reduced costs because many organizations use
established media outlets, such as social media, to inform customers about current
promotions.
Depending on the specific promotion methods used, a company might have
expenses related to creating and distributing promotional content, such as in-mail
flyers.
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Communication Method
Advertising is often a one-way communication between the company and potential
customers.
Television advertisements
Radio announcements
Internet advertisements
Billboard advertisements
Sales promotions
Leaflets
Trial offers
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Time Commitment
The amount of time each campaign is in implementation varies between advertising
and promotional activities.
Advertising campaigns often occur over a long period and can last from one month
to one year.
Promotional campaigns are typically shorter, lasting between one day to a few
weeks.Companies also see the effect of each of these activities over different
periods.
Advertising campaign results occur over a long period.
Managers and others who work in marketing often analyze the effectiveness of an
advertising campaign by analyzing sales reports, customer engagement and other
performance metrics.
Organizations can see the effect of promotions immediately on their performance
metric reports.
Nature of Appeal
Many companies create advertising campaigns that appeal emotionally to
customers.
This can help customers form a connection to the company, which increases
customer loyalty and the chance of a sale.
Creating an emotional engagement between the customer and the product can
help customers imagine themselves using the company's products.
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Happiness
Belonging
Trust
Values
Leadership
Pride
Promotion campaigns are often unemotional sales promotions that encourage
immediate consumer action.
These campaigns can also increase brand awareness but the focus of the campaign
is to encourage the consumer to purchase a specific product from the company.
Product discounts
Free products
Product rebates
Purchase rewards
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Conclusion
In these methods, in the short and long term, attractive programs are designed to
attract more customers and increase sales.
Advertising and promotion strategies are commonly used to introduce new
products, sell existing products, attract more customers, and increase sales in each
period.
The End