Branding & Promotion

Cards (50)

  • promotion?

    an important element of marketing mix - plays a crucial role in generating customer awareness, interest + desire for a product/service
  • advertising?
    promotion occurs through paid channels
  • advantages of advertising?
    • can reach large audiences + increase brand awareness
    • can be used to create a specific brand image or message
  • disadvantages of advertising?
    • expensive
    • effective need of advertising can be difficult to measure
    • many customers tune out/ ignore ads
  • direct marketing?

    involves communicating directly with customers through email, text message, social media or post
  • advantages of direct marketing?
    • businesses can target specific audiences + personalise their message to individual customers
    • measurable - enables businesses to track results + adjust their strategy accordingly
  • disadvantages of direct marketing?
    • intrusive - customers may perceive it as spam
    • costly, especially if businesses do not have an established customer database/need to purchase leads
  • sales promotion?

    encourages the purchase of a product/service by offering temporary incentives/discounts
  • sales promotion advantage?
    • can quickly boost sales/customer engagement
    • can help to clear out stock/promote a new product
    • can encourage impulse purchases
    • can be targeted to specific segments of customers
  • sales promotion disadvantages?
    • expensive - promotion requires a heavy discounting
    • can attract deal-seeking customers who may not be loyal to the brand
    • may reduce sales of full-priced products
  • personal selling?

    occurs when a salesperson interacts with potential customers one-on-one either in person or through digital communication channels
  • personal selling advantages?
    • allows businesses to build relationships with customers + understand their specific needs
    • enables businesses to provide personalised advice + guidance to customers
  • personal selling disadvantages?
    • expensive - due to cost of hiring + training sales staff
    • difficult to scale to large audience
  • sponsorship?
    • an agreement which a company provides financial or other support in exchange for marketing exposure
    • take many forms like logo, placement or naming rights
  • advantages of sponsorship?
    • can help build brand awareness + credibility
    • can create emotional connections with target audiences
    • can support specific business objectives (entering new markets or reaching new customers)
  • disadvantages of sponsorship?
    • expensive - high-profile events or properties
    • may not directly drive sales
    • may subject to negative publicity if sponsored entity experiences a scandal or controversy
  • public relations?
    • businesses seek to build relationships with public and manage their reputation
    • can include media relations, crises management + community outreach
  • advantages of Public Relations?
    • can enhance a business's reputation + credibility - leads to increased customer loyalty + sales
    • cost-effective when compared to advertising or personal selling
  • disadvantages of Public Relations?

    time consuming + difficult to measure the direct impact of PR activities on the profits of a profits
  • Digital communications?
    • refer to any form of marketing/communication that is delivered electronically
    • used to build brand awareness, generating leads, or driving sale
  • advantages of digital communications?
    • can be highly targeted to specific customer segments
    • can provide real-time engagement + feedback from customers
  • disadvantages of digital communications?
    • can be easily ignored or filtered by customers
    • May require significant investment in technology or data infrastructure
    • may be subject to data privacy regulations or security breaches
    • may not be effective for reaching older or less digital savvy customer segments
  • branding?

    process of creating a unique + identifiable name, design, symbol or other feature that differentiates a product/service or company from its competitors
  • why branding is important:
    • establishes recognition + identify
    • builds trust + credibility
    • differentiated business from competitors
    • creates an emotional connection with customers - helps generate repeat purchases
    • supports marketing + advertising efforts
  • business can respond quickly to changing social trends can better meet the needs of their customers
  • being able to quickly adapt their branding and promotion strategies will ensure that they maximise communication opportunities with their customers - help to develop brand loyalty and increase profits
  • current social trends businesses are aware of and adapting to includes:
    • viral marketing
    • social media
    • emotional branding
  • what is viral marketing?

    a strategy where businesses use online platforms to promote their products by creating content at specific times - can easily be shared and commented on
  • what is emotional branding?

    a strategy where companies build strong emotional connections with their cutomers by appealing to their values, beliefs and emotions
  • business should be aware of and adapt social media with current social trend - as they evolve, business must also adapt their social media strategies to keep up with latest trends
  • ways to build a brand:
    • developing unique selling points (USPs)
    • through advertising
    • through sponsorship
    • through social media
  • how does USPs build a brand?
    USPs are features that make a product/service stand out from its competitors . brands can build their reputation by emphasising these unique qualities in their marketing efforts
  • how does advertising build a brand?
    brands can create compelling ads that resonate with their target audience, raise brand awareness, and communicated their value proposition with the right advertising strategy, brands create a strong emotional connection with their audience and inspire brand loyalty.
  • how does sponsorship build a brand?
    patterning with events, organisations, or individuals can help brands gain exposure and build their reputation by aligning themselves with positive associations or values
  • how does social media build a brand?
    brands can build a loyal following + create a community around their brand
  • types of branding:
    • own brand products: refers to the use of a retailers name to promote a specific product or service
    • product branding: refers to the use of unique name, design or symbol to promote a specific product
    • manufacturer/corporate branding: refers to the use of a company name/logo to promote all products/services offered by the company
  • advantages of own brand products:
    • can help retailers differentiate themselves from competitors by offering unique products
    • allows retailers to offer products at a lower cost than branded products - can help to increase sales + profitability
    • help build customer loyalty by offering exclusive products that are not available elsewhere
  • disadvantages of own brand products:
    own brand products may have a lower perceived quality than branched products which can affect customer loyalty + trust
  • product branding disadvantages:
    • expensive: creating + promoting new brand
    • introducing new products under different brands is difficult - business must build a new brand for each product from scratch
    • different products within brand may have different levels of quantity, which can affect customer satisfaction
  • advantages of product branding:
    • creates a distinct identity for product - can help to differentiate from competitors + increase brand loyalty
    • allows company to market different products to different segments
    • helps builds customer loyalty + trust by associating product with specific quality + benefits