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What is Promotion?

What is Promotion?. What is promotion?. There are two forms of promotion Product Institutional It is important to our economy Billions of dollars are spent on promotion and promotion activities provide millions of people with jobs. Types of Promotion. Advertising Publicity

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What is Promotion?

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  1. What is Promotion?

  2. What is promotion? • There are two forms of promotion • Product • Institutional • It is important to our economy • Billions of dollars are spent on promotion and promotion activities provide millions of people with jobs.

  3. TypesofPromotion • Advertising • Publicity • Sales Promotion • Personal Selling

  4. Advertising • It is paid for. • One set format to carry a message, rather than a personal, one-on-one message. • Identifies the sponsor of the message.

  5. Publicity • Builds a business’ image. • Publicity is free. • Not much control over the message being sent to the public.

  6. Sales Promotion • Usually involves short term activities. • Offers some type of incentive to make a purchase. • Can be successfully used in all channels of distribution.

  7. Trade Promotions Slotting Allowances Buying Allowances Trade Shows and Conventions Sales Incentives Consumer Sales Promotions Licensing Promotional Tie-Ins Visual Merchandising and Displays Premiums & Incentives Product Samples Sales Promotion (con’t) Types of Promotions

  8. Personal Selling • The responsibility of sales personnel. • Order - taking personnel • Order - getting personnel • The most flexible and individualized type of promotion available.

  9. The Concept of the Promotional Mix • Important to achieve promotional goals. • Decide on the promotional mix that will be most effective in persuading customer or other businesses to purchase and support the businesses products.

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