Promotion or Communication Mix: Communication tools that may include advertising, sales, promotions, public relations and publicity, personal selling, and direct marketing. Advertising: A message that is paid for and sent to large groups of the population at one time with an identified organization or brand (product or service) being promoted * Advantages and disadvantages: Radio, magazines, newspapers are portable. Radios have many stations and are driving when listening. TV people get up or turn the station. Vehicle: the specific means, such as a particular magazine or a specific television show, within a medium to reach a selected target market. Personal Selling: An interactive, personal, paid promotional approach between a buyer and a seller. (e.g. interviewing for a job, pampered chef, Mary Kay)
Public Relations (PR): The process of creating a positive image for a company, an offering, or a person via publicity.
Sales promotion: Other forms of promotions (coupons, contests, rebates, mail-in-offers) not included as a component of a communication mix. Trade promotions: Sales promotions aimed at businesses in business-to-business marketing. (e.g. trade shows, sponsorships, event marketing, and special incentives given to retailers, such as extra money, in-store displays, and prizes to market particular products and services) Direct Marketing: Delivering personalized promotional materials directly to individual consumers. Materials may be delivered via mail, catalogs, Internet, e-mail, or telephone, or in person. * Benefits: ability to target a specific set of customers, measure the return on investment, and test different strategies before implementing to all targeted consumers. Disadvantage: Intrusive and many consumers ignore the attempts to reach them Telemarketing: A form of direct marketing that involves contacting people by phone. Do Not Call Registry: Established by the Federal Trade Commission (FTC) in 2008, the service prevents organizations from calling any phone numbers registered with the FTC Direct Mail: A form of direct marketing that is mailed to consumers. It can be personalized and ask consumers to make a certain response. Catalogs are often part of direct mail campaigns. Call to action: In direct marketing, requesting consumers to make a specific response such as a purchase or a call for more information. Direct Response Advertising: Direct marketing that includes an offer and a call to action (e.g. “Call now and receive a bonus package,” internet provides the preferred direct-response medium because it is less expensive.) 3. The Promotion Mix, Communication, and Buyers’ Perceptions. Factors that Influence Selection of Promotion Mix
* Budget Available: the budget available to market a product determines what elements of the promotion mix are utilized. Affects a promotion’s reach and frequency.
Reach: The number of people exposed to a message
Frequency: How often people are exposed to a message
* Stage in the product life...