Documente Academic
Documente Profesional
Documente Cultură
Fashion Promotion
One of the major area of the marketing mix Promotion is not just advertisement alone Promotion is often associated with creative activity undertaken to help distinguish companys products from competitors offerings Marketers must also have a deep understanding of how the marketing communication works and how promotion helps the organization achieve its objectives
What is promotion?
Any form of communication a business or organization uses to inform, persuade, or remind people about its products.
Enocde: Mental and physical process necessary to construct a message in order to reach a desired goal (Convey meaningful information) Medium (channel): Using sensory stimuli Decode: Mental and physical process necessary to give meaning to the message
Promotion Objectives
Build Awareness Create Interest Provide Information Stimulate Demand Reinforce the Brand
Or
It is particular combination of promotional methods and media used by an organization to achieve its marketing communication goals.
Fashion Advertising
Non-personal communication paid for by an identified sponsor Dates back to ancient Egypt John Wanamaker, the Philadelphia merchant was the first retailer to use the news paper (in 1880) Today they regularly communicate from simplest to the most sophisticated formats
Objectives of An Advertising
To increase market share To increase expenditure by existing customers To increase store traffic To create brand awareness To reassure customers To launch a new product To generate enthusiasm from channel members To encourage customers to trade up from one garment or service to a more expensive one To reinforce the corporate identity
Role of Advertising
Communication with consumers Persuasion Contribution to economic growth Catalyst for change
Benefits of Advertising
Information Brand image building Innovation New product launch Growth of media Long-term & indirect benefits
Advertising Media
Print T.V. Radio Internet Outdoor Etc.
4Ms of Advertising
Market Message Media Measure
Sales Promotion
All marketing activities, other than personal selling, advertising, and public relations is called. Includes those sales activities that supplement both personal selling and advertising and coordinate them and make them effective, such as displays, shows, demonstrations and other non-recurrent selling efforts not in the ordinary routine AMA
SP-directed at consumers
Sampling Coupons Premiums Gift-with-purchase or purchase-with-purchase programs Contests and sweepstakes Refunds and rebates Bonus packs Price-off deals Reward programs & Frequent-Buying clubs Deferred Billing Event sponsorship
Personal Selling
Order Getter
Attempt to increase their firms sales by selling to new customers or by convincing current customers to buy more of a companys products. Because they develop new business and are therefore compensated quite well Their job is to convince the customer to purchase an expensive computer or a fancy outfit. They need to have persuasive abilities, and they generally receive commissions plus salary Salespeople in computer stores or fancy clothing stores are often order getters
Order Taker
They complete the sales transaction and mainly deal with the same or similar customers Example: In a fancy womens clothing store, the order getter convinces the customer to purchase some very expensive gowns. She will then take the customer with the merchandise to the order taker who will complete the transaction and take care of such matters as payment, delivery, etc. A sales clerk in a supermarket is an order taker They are paid minimum wage and do not have to persuade anyone to buy anything A smart retailer does not want to waste an order getters valuable time with such routine and mundane matters as completing the order.
Know your company Know your products Know your competitors products Know your business environment Know your customers
Definition
Public relations include all the activities that a organization uses to maintain or improve its relationship with other organizations and individuals. Publicity is a public relations technique, which involves non-paid communication of information about an organization's services.
Direct Marketing
Catalog Marketing
Companies send their catalogs to customers and expect them to respond by placing orders by telephone or mail. Amazon.com; Wall-Mart; SweatyBetty; Marks & Spencer; Check List: Right Customer, Right Price; Right Product; Images (Colors) Reduce their cost per customer and increase their reach significantly
Telemarketing
Communicating with customers through telephone Cold-Call NDNCR to curb UCC Needs highly trained marketing staff Aimed at prospective customer Objectives : Developing Customer Loyalty, Conducting market research, generating leads etc.
Kiosk Marketing
Involves use of kiosks or e-touch screens Can be set up at places convenient for them; lesser space (Avg 4sq.feet) 24/7
Home Shopping
Generally done through television programs in which various products are displayed and their uses are demonstrated to viewers Telebrands program : Informercials