Marketing Mix: Promotion (B)
What is the role of promotion within marketing mix? What are elements of promotion mix?
Posted: Jun 2009
The promotion ( Promotional Mix ) is one out of four basic instruments of business marketing that has the purpose to inform about other instruments of marketing mix and to contribute to sales increase on the long term. The promotional mixis always serving to specific goal through marketing strategy. These goals can be public informing, demand increasing, product differentiation, and product value increasing or sales stabilizing. Usually the promotion is targeting more than one goal.
Promotion is the process of marketing communication between the company that sells the product and the potential customer, with the purpose of influencing the attitudes and behavior. There are specific promotional tool that are supporting chosen promotional goal. The promotional mix represents a combination of different promotional tools. The basic marketing strategy elements of promotional mix are Advertising, Public Relationship, Personal Sales and Sales Promotion.
Advertising is marketing communication with current and potential customers and consumers, done through paid mass media marketing services. The channels of marketing communicationcommunication can be TV, radio, Internet, billboards, etc.
Public Relationship ( PR ) is marketing communication toward public, but is turned more to reputation and image of the company, than to it's products. The PR activity can be a press conference, TV interview with company representative, internet marketing, press article about donation of the company to charity or about latest environmental project.
Personal Sales is a way of promotion activity where sales representative is directly contacting the customer. This person-to-person contact has the goal of direct product marketing of the product and conclusion of sales.
Sales Promotion represents marketing strategy as a set of different promotional activities that has the goal of animating customers for purchasing. This can be value offer ( discount ), quantity offer ( 2+1 ), prize drawings, merchandising, direct contact by animators in retail outlet, etc.
The business marketing approach to promotional mix can be different, depending on marketing strategy. The push strategy is transferring the supply pressure downstream through sales channels. The pull strategy is approaching the consumer directly.
The Promotional Mix than create the consumer's demand is then creating request for product through supply channel upstream. Usually these two marketing strategy approaches are interlacing. In the early stage of product life the pull marketing strategy is more dominant. Later, when the market is saturated with own and competitor's products the push marketing strategy is predominant.
Marketing Mix: Price
Marketing Mix: Promotion
Marketing Mix: The Product
Marketing Mix: Product Distribution
Promotion Mix: Public Relationships
Promotion Mix: Advertising
Promotion Mix: Personal Sales ( Soon )
Promotion Mix: Sales Promotion ( Soon )