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Promotion is the function of informing,
persuading, and influencing a purchase decision.
Integrated marketing communications (IMC) is
the coordination of all promotional activities—
media advertising, direct mail, personal selling,
sales promotion, and public relations—to
produce a unified customer-focused message.
Promotional mix - combination of personal and nonpersonal
selling techniques designed to achieve promotional
objectives.
Personal selling - interpersonal promotional process involving
a seller’s face-to-face presentation to a prospective buyer.
Nonpersonal selling - advertising, sales promotion, direct
marketing, and public relations.
• Product placement - marketers pay placement fees
to have their products showcased in various media,
ranging from newspapers and magazines to television
and movies.
• Guerilla marketing - innovative, low-cost marketing
efforts designed to get consumers’ attention in
unusual ways.
Advertising - paid nonpersonal communication
delivered through various media and designed to
inform, persuade, or remind members of a
particular audience.
Consumers receive 5,000 marketing messages each
day.
Firms need to be more and more creative and
efficient at getting consumers’ attention.
Product advertising - messages designed to sell a
particular good or service.
Institutional advertising - messages that promote
concepts, ideas, philosophies, or goodwill for
industries, companies, organizations, or government
entities.
Cause advertising - institutional messaging that
promotes a specific viewpoint on a public issue as a
way to influence public opinion and the legislative
process.
Informative advertising - used to build initial demand for
a product in the introductory phase.
Persuasive advertising - attempts to improve the
competitive status of a product, institution, or concept,
usually in the growth and maturity stages.
Comparative advertising - compares products directly
with their competitors either by name or by inference.
Reminder-oriented advertising - appears in the late
maturity or decline stages to maintain awareness of the
importance and usefulness of a product.
Television
• Easiest way to reach a large
number of consumers.
• Most expensive advertising
medium.
Newspapers
• Dominate local advertising.
• Relatively short life span.
Radio
• Commuters in cars are a captive
audience.
• Satellite radio offers new
opportunities.
Magazines
• Consumer publications and trade
journals.
• Can customize message for different
areas of the country.
Direct Mail
• Average American receives 550
pieces annually
• High per person cost, but can be
carefully targeted and highly
effective.
Outdoor Advertising
• $3.2 billion annually
• Requires brief messages.
Online and Interactive Advertising
• Viral advertising creates a message that is novel or entertaining
enough for consumers to forward it to others, spreading it like a
virus.
• Many consumers resent the intrusion of pop-up ads that
suddenly appear on their computer screen.
Sponsorship
• Providing funds for a sporting or cultural event in exchange for a
direct association with the event.
• Benefits: exposure to target audience and association with image
of the event.
Other Media Options
• Marketers look for novel ways to reach customers: infomercials,
ATM receipts, directory advertising.
Sales promotion -
nonpersonal marketing
activities other than
advertising, personal
selling, and public
relations that stimulate
consumer purchasing
and dealer effectiveness.
• A person-to-person promotional presentation to a
potential buyer.
– Customers are relatively few in number and
geographically concentrated.
– The product is technically complex, involves trade-
ins, and requires special handling.
– The product carries a relatively high price.
– It moves through direct-distribution channels.
• Example: Selling to the government or
military.
Pushing strategy - relies on personal selling to market
an item to wholesalers and retailers in a company’s
distribution channels.
• Companies promote the product to members of the marketing
channel, not to end users.
Pulling strategy - promote a product by generating
consumer demand for it, primarily through advertising
and sales promotion appeals.
• Potential buyers will request that their suppliers—retailers or local
distributors—carry the product, thereby pulling it through the
distribution channel.
Most marketing situations require combinations of
push and pull strategies
Pricing
 Pricing is one of the major elements of the
marketing plan
 It enables to differentiate a product or
service from am other one of similar
characteristics .
 The elements of pricing objective includes
profit maximization revenue maximization
quality leadership quantity maximization on
and survival .
Profitability Objectives
• Maximize profits by reducing costs.
• Maintain price while reducing package size.
Volume Objectives
• Base pricing decisions on market share goals.
Pricing to Meet Competition
• Meeting competitors’ price.
• Competitors cannot legally work together to set prices.
• Competition can result in a price war.
Prestige Objectives
• Establishing a relatively high price
to develop and maintain an image
of quality and exclusiveness.
• Recognition of the role of price in
communicating an overall image
for the firm and its products.
• Pricing is influenced by people in
different areas of a company.
Breakeven analysis -pricing technique used to determine the
minimum sales volume a product must generate at a certain
price level to cover all costs.
Break-even Analysis
Skimming Pricing
• Setting an intentionally high price relative to the prices of competing products.
• Helps marketers set a price that distinguishes a firm’s high-end product from
those of competitors.
Penetration Pricing
• Setting a low price as a major marketing weapon.
• Often used with new products.
Everyday Low Pricing and Discount Pricing
• Maintaining continuous low prices.
• Discount pricing - attracting customers by dropping prices for a set period of
time.
Competitive Pricing
• Reducing the emphasis on price competition by matching other firms’ prices.
• Concentrating marketing efforts on the product, distribution, and promotional
elements of the marketing mix.
Price-Quality Relationships
• Consumers’ perceptions of quality closely
tied to price.
• High price = prestige and higher quality.
• Low price = less prestige and lower
quality.
Odd Pricing
• Setting prices in uneven amounts or
amounts that sound less than they really
are.
– Example: $1.99 or $299.
Thanks you so much
from
ALI HAIDER

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Haider and its group presentation.ppt

  • 1.
  • 2.
  • 3. Promotion is the function of informing, persuading, and influencing a purchase decision. Integrated marketing communications (IMC) is the coordination of all promotional activities— media advertising, direct mail, personal selling, sales promotion, and public relations—to produce a unified customer-focused message.
  • 4. Promotional mix - combination of personal and nonpersonal selling techniques designed to achieve promotional objectives. Personal selling - interpersonal promotional process involving a seller’s face-to-face presentation to a prospective buyer. Nonpersonal selling - advertising, sales promotion, direct marketing, and public relations.
  • 5. • Product placement - marketers pay placement fees to have their products showcased in various media, ranging from newspapers and magazines to television and movies. • Guerilla marketing - innovative, low-cost marketing efforts designed to get consumers’ attention in unusual ways.
  • 6. Advertising - paid nonpersonal communication delivered through various media and designed to inform, persuade, or remind members of a particular audience. Consumers receive 5,000 marketing messages each day. Firms need to be more and more creative and efficient at getting consumers’ attention.
  • 7. Product advertising - messages designed to sell a particular good or service. Institutional advertising - messages that promote concepts, ideas, philosophies, or goodwill for industries, companies, organizations, or government entities. Cause advertising - institutional messaging that promotes a specific viewpoint on a public issue as a way to influence public opinion and the legislative process.
  • 8. Informative advertising - used to build initial demand for a product in the introductory phase. Persuasive advertising - attempts to improve the competitive status of a product, institution, or concept, usually in the growth and maturity stages. Comparative advertising - compares products directly with their competitors either by name or by inference. Reminder-oriented advertising - appears in the late maturity or decline stages to maintain awareness of the importance and usefulness of a product.
  • 9. Television • Easiest way to reach a large number of consumers. • Most expensive advertising medium. Newspapers • Dominate local advertising. • Relatively short life span. Radio • Commuters in cars are a captive audience. • Satellite radio offers new opportunities. Magazines • Consumer publications and trade journals. • Can customize message for different areas of the country. Direct Mail • Average American receives 550 pieces annually • High per person cost, but can be carefully targeted and highly effective. Outdoor Advertising • $3.2 billion annually • Requires brief messages.
  • 10. Online and Interactive Advertising • Viral advertising creates a message that is novel or entertaining enough for consumers to forward it to others, spreading it like a virus. • Many consumers resent the intrusion of pop-up ads that suddenly appear on their computer screen. Sponsorship • Providing funds for a sporting or cultural event in exchange for a direct association with the event. • Benefits: exposure to target audience and association with image of the event. Other Media Options • Marketers look for novel ways to reach customers: infomercials, ATM receipts, directory advertising.
  • 11. Sales promotion - nonpersonal marketing activities other than advertising, personal selling, and public relations that stimulate consumer purchasing and dealer effectiveness.
  • 12. • A person-to-person promotional presentation to a potential buyer. – Customers are relatively few in number and geographically concentrated. – The product is technically complex, involves trade- ins, and requires special handling. – The product carries a relatively high price. – It moves through direct-distribution channels. • Example: Selling to the government or military.
  • 13. Pushing strategy - relies on personal selling to market an item to wholesalers and retailers in a company’s distribution channels. • Companies promote the product to members of the marketing channel, not to end users. Pulling strategy - promote a product by generating consumer demand for it, primarily through advertising and sales promotion appeals. • Potential buyers will request that their suppliers—retailers or local distributors—carry the product, thereby pulling it through the distribution channel. Most marketing situations require combinations of push and pull strategies
  • 14. Pricing  Pricing is one of the major elements of the marketing plan  It enables to differentiate a product or service from am other one of similar characteristics .  The elements of pricing objective includes profit maximization revenue maximization quality leadership quantity maximization on and survival .
  • 15. Profitability Objectives • Maximize profits by reducing costs. • Maintain price while reducing package size. Volume Objectives • Base pricing decisions on market share goals. Pricing to Meet Competition • Meeting competitors’ price. • Competitors cannot legally work together to set prices. • Competition can result in a price war.
  • 16. Prestige Objectives • Establishing a relatively high price to develop and maintain an image of quality and exclusiveness. • Recognition of the role of price in communicating an overall image for the firm and its products. • Pricing is influenced by people in different areas of a company.
  • 17. Breakeven analysis -pricing technique used to determine the minimum sales volume a product must generate at a certain price level to cover all costs.
  • 19. Skimming Pricing • Setting an intentionally high price relative to the prices of competing products. • Helps marketers set a price that distinguishes a firm’s high-end product from those of competitors. Penetration Pricing • Setting a low price as a major marketing weapon. • Often used with new products. Everyday Low Pricing and Discount Pricing • Maintaining continuous low prices. • Discount pricing - attracting customers by dropping prices for a set period of time. Competitive Pricing • Reducing the emphasis on price competition by matching other firms’ prices. • Concentrating marketing efforts on the product, distribution, and promotional elements of the marketing mix.
  • 20. Price-Quality Relationships • Consumers’ perceptions of quality closely tied to price. • High price = prestige and higher quality. • Low price = less prestige and lower quality. Odd Pricing • Setting prices in uneven amounts or amounts that sound less than they really are. – Example: $1.99 or $299.
  • 21. Thanks you so much from ALI HAIDER