Promotions
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Transcript of Promotions
The Catch-All “P”
• Vehicle through which the marketer conveys information about product, place, and price
The Catch-All “P”
• Advertising– Any paid, non-personal, clearly sponsored message
conveyed through the media
• Personal selling– Any face-to-face presentation in which the seller has an
opportunity to persuade the consumer
• Publicity– Any form of exposure in the media not paid for by the
beneficiary
• Sales promotion– wide variety of activities
Promotion Planning
• Establishing Promotional Budgets– Arbitrary allocation– Competitive parity– Percentage of sales– Objective and task method
• Choosing an integrated promotional mix
Advertising
• Core of advertising is effective communication
• Create awareness
• Communicate information
• Develop or change an image
• Associate a brand with feelings & emotions
• Create norm groups
• Precipitate behavior
Advertising
• Assessing advertising effectiveness:– Wasted circulation– Cost per exposure– Determining the creative approach– Measurement
• Success depends on:– Knowing the product– Knowing the consumers
Advertising Agencies
• Have a comprehensive marketing plan in place
• Make sure the agency is interested in the organization’s success
• Choose an agency that has comprehensive marketing skills
• Determine the target market and how to reach them efficiently
Advertising Agencies
• Find out who will be handling the account
• Make sure that all written copy is customer centered
• Select an agency that views itself as a partner in your business
Advertising Mediums for Sport
• Signage
• Endorsements– “… a well-known celebrity athlete who uses his
or her fame to help a company sell or enhance the image of the company, products, or brands”
– Styles• Explicit mode
• Implicit mode
• Imperative mode
• Co-present mode
Endorsements
• Print media– Newspapers– Magazines– Posters– Game programs– Direct mailings
• Broadcast (electronic) media– Radio– Television
Promotional Concepts and Practices
• Hallmark event– Promoting the host organization to the public– Promoting the sponsors of the event– Promoting the sport in general– Promoting the event itself as a revenue-
generating opportunity– Attracting significant media interest and
coverage– Promoting the destination as a site for tourism
Promotional Concepts and Practices
• Internet sites and web pages– Organizational history
– Schedules
– Biographical information
– Links to related sites
– Ticket purchasing options
– Merchandise sales opportunities
– Chat rooms
– Statistics
– Fan pages
– Video and audio clips
Promotional Concepts and Practices
• Sales promotion– Non-price promotions– Price-oriented promotions
• Negatives
Promotional Components
• Theme
• Product sampling
• Open house
• Coupons
• Bundling
• Contests and sweepstakes
• Premiums and redemptions
• Street promotion
Ultimate Goal
NBA Escalator
• Light (76.8%)– 1 game (43.6%); 2 (14.2%); 3 (11.6%); 4 (7.4%)
• Moderate (18.7%)– 5-8 games (13.6%); 9-12 (5.1%)
• Frequent (3.9%)– 13-16 games (1.8%); 17-20 (1.4%); 21-24 (0.7%)
• Heavy (0.6%)– 25-28 games (0.4%); 29-36 (0.2%); 37+ (0%)