Methods of communicating marketing messages to existing and potential customers, usually with the intention of selling a firm's products
Aspects of promotion
Above the line promotion
Below the line promotion
Through the line promotion
Types of promotion
Advertising
Social media marketing
Raising publicity
Some types of promotion are paid for while some are not
Key objectives of promotional strategies
To inform
To persuade
To remind
To develop brand awareness
To attract the attention of customers
Inform
Informative promotion activities aim to alert the market about a firm's products, especially new or updated goods and services
Aim of informative promotion
Give customers sufficient information to positively influence their purchasing decision
Persuade
Persuasive promotion activities aim to convince or encourage customers to make a purchase, switch from rival products, and enhance brand loyalty
Remind
Reminder promotion refers to techniques used to retain customer awareness of, and interest in, an established product
Develop
Brand development promotional strategies help to build awareness, recognition, and loyalty to the business, its products, and its brands
Attract
Promotional activities that aim to attract the attention of customers
Above the line (ATL) promotion
Any form of paid-for promotional method through independent mass media sources to promote a business, its products, or its brand
Main methods of ATL promotion
Television advertising
Radio advertising
Cinema
Newspapers
Magazines
Outdoor advertising
The vast majority of promotions are of the persuasive kind
Most promotional campaigns contain an element of all three types of promotion
Governments and non-profit organisations account for the majority of informative-driven promotional campaigns
Television advertising
Expenditure on TV advertising exceeds spending on most other forms of promotion
Advantages of television advertising
Exploits the power of combining sound and moving images to bring about powerful messages
Disadvantages of television advertising
Huge costs of producing and broadcasting commercials<|>Incredibly short time frame usually within 30 seconds
Radio advertising
Time slots are sold to businesses, with peak listening times in the morning and evening rush hour periods
Advantages of radio advertising
Ability to reach extremely large audiences<|>Cheaper than TV advertising<|>Doesn't rely on viewers to be immobile in front of the TV screen
Disadvantages of radio advertising
Only communicated through audio sound, meaning no visual impact<|>Lower attention levels compared to TV adverts
Cinema advertising
Statistics show growing visitor numbers at cinemas around the world
Advantages of cinema advertising
Audience directly targeted<|>Can be tailored to specific market segments<|>Cinema screen size can exert more impact<|>Has a captured audience
Disadvantages of cinema advertising
Limited audience size compared to that of radio listeners and television viewers
Newspaper advertising
Potentially reaching a wide audience yet much cheaper than using TV advertising
Advantages of newspaper advertising
Target different markets better
Disadvantages of newspaper advertising
High costs for small businesses<|>Short shelf life<|>Unseen unnoticed
Magazine advertising
Ability to use high definition, photo quality colour images to capture the audience's attention
Advantages of magazine advertising
Targeting the right market segment is possible<|>Longer shelf life than newspapers
Disadvantages of magazine advertising
Static, meaning it's quite unusual to place several adverts in the same magazine<|>Long lead-time between submitting an advert and its actual publication
Outdoor advertising
Refers to the use of commercial billboards, banners, and posters to promote a business, its products, or its brands
Advantages of outdoor advertising
High rate of exposure<|>Transformed to billboards that automatically rotate
Disadvantages of outdoor advertising
Difficulty in monitoring and measuring its effectiveness<|>Prone to damage caused by bad weather, vandalism, and graffiti<|>High levels of competition in terms of advertising clutter
Below the line promotion (BLT) refers to the use of non-mass media promotional activities
BLT promotion
Allows the business to have direct control and no commission has been paid to external media agencies
Main BTL promotional strategies
Direct marketing
Personal selling
Sales promotion
Point of sales promotion
Publicity and public relations
Trade shows
Sponsorships
Word-of-mouth marketing
Guerrilla marketing
Packaging
Direct marketing
Promotional activities that aim to sell a product straight to a customer rather than using an intermediary
Advantages of direct marketing
Keeps a larger share of any financial returns<|>Free to promote its products in a way that it sees fit
Disadvantages of direct marketing
Cost of producing and distributing promotional material<|>Public does not enjoy it<|>Does not always reach the right audience