Promotion is one of the key elements to the Marketing Mix and is used by businesses to communicate information about their product in order to meet specific promotional objectives. To effectively promote a product or service, a business must first decide which communication process is best suited to their target market (Palmer, 2004). There are many different communication tools which a business can use, all of which can be classified into one of two promotional categories.
These two categories are ATL (Above the line), and BTL (Below the line) promotion. Above the line promotion encompasses all of the communication tools which have the potential to reach the masses through the use of media such as TV, Radio, and Print (BusinessDictionary.com, 2015). Below the line marketing is used to reach more specific and targeted audiences (Frain, 1999). Some common BTL methods include, direct e-mail/mail marketing, door to door sales, and exterior location marketing. Most business will use a range of these methods but it is entirely dependent on the business 's target market.
GoPro sell small, lightweight, high-definition, and high speed personal video cameras. They are marketed towards any individual with an interest in recording their personal hobbies/activities. It can be easily mounted onto various surfaces, such as the body of a plane, or even the front of a surf board. The primary users of the GoPro are generally seen to be people involved with extreme sports such as BASE
The promotionPromotion is the business of communicating with customers. It will provide information that will assist them in making a decision to purchase a product or service. The pace and creativity of some promotional activities are almost alien to normal business activities.The cost associated with promotion or advertising goods and services often represents a size-able proportion of the overall cost of producing an item. However, successful promotion increases sales so that advertising and other costs are spread over a larger output. Though increased promotional activity is often a sign of a response to a problem such as competitive activity, it enables an organization to develop and build up a succession of messages and can be extremely cost-effective.
Flight Centre is Found by Graham Turner in 1981, its first store open in Sydney, increases day by day, Now they 2500 worldwide stores which operate Australia, USA, India, China, New Zealand, Hong Kong, South Africa etc. They are first ever decline in the profit year 2005. More where stores available in all prime location near to all amenities and public can reach their easily.
Promotion is a way company communicates messages on what the pruct does and what does the product can offer customers. It includes below elements:
4. Promotion- Promotion refers to the act of communicating the benefits and value of your product to consumers. It then involves persuading general consumers to become customers of your business using methods such as
At its heart, promoting a product is simply communication. “Consumer perceptions are a key component of success or failure, so organizations must strive to align communications into clear, concise, and customer-oriented messages”(Lumen, n.d). The point of promotion is to convince consumers to purchase the intended product. There are several promotion methods to choose from and nearly limitless media to use for promotion. Marketing departments must choose the method or methods and media that best reach the target consumer. In order to further illustrate the use of promotion methods and media, promotion strategies have been developed for a software company, a new toy, a health beverage, and a small airline.
Promotion – represents all of the communications that a marketer may use in the marketplace. Promotion has four distinct elements: advertising, public relations, personal selling, and sales promotion. A certain amount of crossover occurs when promotion uses the four principal elements together, which is common in film promotion. Advertising covers any communication that is paid for, from cinema commercials, radio and internet adverts, through print media and billboards. Public relations are where the communication is not directly paid for and includes press releases, sponsorship deals, exhibitions, conferences, seminars or trade fairs, and events. Word of mouth is any apparently informal communication about the product by ordinary individuals, satisfied customers or people specifically engaged to create word of mouth momentum. Sales staff often plays an important role in word of mouth and public relations (see Product above).
Marketing strategy for period 11 Name Institution Course Date Table of contents Company overview …………………………………………….. 2 Identification of goals……………………………………………4 Implication of the marketing mix elements……………………...7 Financial projections……………………………………………..8 Executive summary………………………………………………9 References…………………………………………………………10 Company Overview Allstar Brands medicine group is an organization that has recorded leading sales in over the counter medicine, with its products a recording a good prevalence in the current market. Allstar Brands is a renowned leader in the industry of Pharmaceutics and is aimed at bringing multi-symptom medicines to the customers with an exceptional touch of
Promotion is the way in the business makes its products known to the customers, both current and potential. Promotion involves spread information about a product, product line, brand, or company. It is one of the four key aspects of the marketing mix. To generate the sales and profits, the benefits of products have to be communicated to customers. Promotion is the major component of market mix. The purpose of promotion is to reach the desired targeted consumers it try to make them act positively
Promotion is one of the Ps in the marketing mix. Promotions has its own mix of communications tools.
GoPro Inc. is the manufacturer of the GoPro camera, which can be used to film extreme sports and footage from the user 's POV. GoPro capture virtually anything, from 'Avalanche Cliff Jump ' to 'Gardening with Grandpa '.
The major marketing management decisions can be classified in one of the following four categories:
When deciding which product to develop or expand production, BCG Matrix is a useful tool that helps evaluation. In this case, the two factors in BCG Matrix should be growth potential and competition.
In recent years, with the innovation of promotion tools, print media and broadcast media that know as main promotional tools have a new challenged, as many new promotion tools that appear with the uniqueness and the power to attract and influence people .Generally speaking, the majority of companies has started to use new forms of promotion
Promotion – Promotion means making customers aware about your products and introducing the customers with the benefits which they can get by buying their products. They can do advertisements, direct marketing and sales promotion for the promotion of the product.
Promotion is an aspect of the marketing mix that has great importance. In order for our product to be successful, the promotion we use will be very vital. This is because of the fact that the method of promotion we use for the product can help to differentiate our product from other products which makes it unique and outstanding amongst other brands. Moreover, using the right promotion can be used as a way to persuade consumers of our product that they made the right choice.