4.5c-

Cards (92)

  • Promotion
    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