SlideShare a Scribd company logo
P1
UNIT 9
Lewis Appleton
1
PROMOTIONAL MIX
The promotional mix is used to describe how a
business communicates with its customers.
This mix is a small part of the marketing mix.
The promotional mix consists of five elements
which are advertising, personal selling, sales
promotion, public relations, and direct
marketing. All of these elements are blended
together to form the mix.
Lewis Appleton
2
ELEMENTS
 Advertising
This is the use of things such as the radio, newspapers and television where a business can promote its items. This is good
for reaching a large audience and building awareness but it doesn’t always answer all the customers questions. An example of
this is including offers in a newspaper so that readers can see them and take advantage of the low costs or deals.
 Personal selling
This is when someone is targeted to buy a product. The person selling may attempt to build a relationship with the customer
which would make them more likely to want to buy the product, this usually results in the seller trying to close the sale. An
example of this is when a staff member may see something that the customer is taking an interest in and they would go over
and try to encourage them to purchase.
 Sales promotion
The sales promotion is when sales are stimulated by targeting incentives on a particular product. This is good for a short term
boost to sales. This can be bad if used for a long time because the customers may get used to the effect, and it can also
damage the brand image. An example of this is when in a supermarket they may list offers on the speakers for customers to
hear.
 Public relations
This is the use of media without directly paying for the time or space it takes up and it promotes the communication of the
product, brand or the business. This can be seen as more persuasive to people as the information is from a third party such as
a newspaper or magazine. It is also a free way of promoting the business. However because the information is from a third
party it is not fully controllable by the business and it can get out of hand and be negative. An example of this is when
someone writes a review on a product or the service provided by a store and it tells the good and bad things of it for readers.
 Direct marketing
This is where a business directly promotes its products to the consumer and can be done through mailers and brochures. The
positive results can directly be measured this way by a business and about 10% usually reply. An example of this is a store
sending a brochure with all of their latest offers to their customers or potential customers, they may also put leaflets with
customers shopping.
Lewis Appleton
3
NEXT PLC OBJECTIVES
The main objective for Next is to deliver long term growth in the earnings per share. Next
believes that the way to achieve this is by continuing with the strategies they currently use;
 The improvement of the product range, success being reflected in the sales and
performance. This can be achieved by using sales promotion, Next could tell customers
about current offers depending on the products they purchase and which may suit them.
 An increase in selling space while meeting financial criteria before investments are made
and the success of this is monitored with the sales and profit contribution. Next could
advertise about their increase in space meaning that there is more stock available and
therefore more products that customers could purchase.
 An increase to the number of customers and the amount they spend averagely. Next could
achieve this by direct marketing, they could send out a bulk amount of brochures and
flyers to influence potential customers to take advantage of the offers and therefore spend
more by including offers such as “50% off every item past spending £50”.
 Better product sourcing, cost control and management of stock to manage the gross and
net profit margins.
 Maintain the financial strengths using an efficient balance sheet and structure for finance.
 Exchanging shares when the earnings are increasing and in the shareholders general
interests.
Lewis Appleton
4
M & S OBJECTIVES
The objectives for Marks and Spencer's are;
 To focus on the UK; they will improve on the brand, stores, clothing
range, home department and food products. M & S could achieve this by
promoting more of their clothing range and food products with price cuts
and special limited time offers, this would allow them to introduce more
new products.
 To distribute products over a variety of channels; meaning customers will
be able to buy products in store, over the phone and online. M & S could
promote their services with direct marketing, they could have on their
shopping bags about online shopping, they could possibly promote free
delivery when a certain amount of money is spent which may encourage
online shopping.
 International; they want to have higher international sales for the
markets they operate in. public relations would help here, if a popular
newspaper gives a good review on a product or service more people in
other places will be influenced to buy products.
 IT, logistics and supply; increase cost savings and increase capital
investment, reduce dependence on supply chain and have greater
control.
Lewis Appleton
5
NEXT PLC CORPORATE IMAGE
Next try to address any issues that have
business related social, ethical and
environmental impacts and run their business
in a responsible way. Next ensure that they
exceed their customers expectations providing
excellent products and services.
Lewis Appleton
6
M & S CORPORATE IMAGE
Marks and Spencer's is one of the largest
retailers and they product many stylish and
high quality product. They have a five year eco
plan which will reduce the amount of landfill
that they create. In the plan they have made
commitments to helping local parks and raise
awareness of breast cancer.
Lewis Appleton
7
NEXT PLC COORDINATED PROMOTIONAL MIX
Next PLC will have the same products such as
the same clothes in all different ways of
promoting their product, this means that the
same products will be seen in magazines such
as the ones on TV. For example the Next offers
on the website that state some items are half
price will also be seen in magazines and other
places so that the same message is sent to
potential customers.
Lewis Appleton
8
M & S COORDINATED PROMOTIONAL MIX
M & S have a section on their website for offers
and it includes things such as the deal of the
day, this is unlikely to be seen in a magazine or
newspaper but offers that have time limits such
as the 20% off men's clothing may be
promoted so that potential customers can see
the offers while they are still available. This
helps M & S to send the same promotional
message to the potential customers.
Lewis Appleton
9

More Related Content

What's hot

Advertisement ppt
Advertisement pptAdvertisement ppt
Advertisement ppt
arathymalz
 
Promotion Management
Promotion ManagementPromotion Management
Promotion Management
Ms. Shery Asthana
 
Elements of good advertisement
Elements of good advertisementElements of good advertisement
Elements of good advertisement
Bonfire Ads
 
Product Promotion Strategy
Product Promotion StrategyProduct Promotion Strategy
Product Promotion Strategy
Arun Tyagi
 
Promotion
PromotionPromotion
Promotion
Patrick Rubix
 
Ppt on types of advertising
Ppt on types of advertisingPpt on types of advertising
Ppt on types of advertising
phaneendra u
 
Advertising & its concept,Types of Advertising.
Advertising & its concept,Types of Advertising.Advertising & its concept,Types of Advertising.
Advertising & its concept,Types of Advertising.
vivekk Mmishra
 
Advertising Management
Advertising ManagementAdvertising Management
Advertising Management
MarkAnthonyDeMonteve
 
4 types of ad campaign
4 types of ad campaign4 types of ad campaign
4 types of ad campaign
Novrita Widiyastuti, S.Sos, M.Si
 
Integrated marketing communication
Integrated marketing communicationIntegrated marketing communication
Integrated marketing communication
Kinshook Chaturvedi
 
Retailer originated sales promotion and public relation
Retailer originated sales promotion and public relationRetailer originated sales promotion and public relation
Retailer originated sales promotion and public relation
Niharika Sharma
 
Advertising Management
Advertising ManagementAdvertising Management
Advertising Management
MarkAnthonyDeMonteve
 
Assessment the impact of Sales promotion tools on increasing Consumers purcha...
Assessment the impact of Sales promotion tools on increasing Consumers purcha...Assessment the impact of Sales promotion tools on increasing Consumers purcha...
Assessment the impact of Sales promotion tools on increasing Consumers purcha...
David mwakanyamale
 
Types of advertisement
Types of advertisement Types of advertisement
Types of advertisement
Cochin University
 
Promotional Mix
Promotional MixPromotional Mix
Promotional Mix
Monika
 
Tools of sales promotion
Tools of sales promotionTools of sales promotion
Tools of sales promotion
sumkrishna
 
Sales promotion schemes project report mba
Sales promotion schemes project report mbaSales promotion schemes project report mba
Sales promotion schemes project report mba
Prem Chaudhari
 
340 lamb jw 14 mktg comm
340 lamb jw 14 mktg comm340 lamb jw 14 mktg comm
340 lamb jw 14 mktg comm
ssuser8afefa
 
Imc report
Imc reportImc report
Imc report
Nikhil Jain
 
Promotional mix
Promotional mixPromotional mix

What's hot (20)

Advertisement ppt
Advertisement pptAdvertisement ppt
Advertisement ppt
 
Promotion Management
Promotion ManagementPromotion Management
Promotion Management
 
Elements of good advertisement
Elements of good advertisementElements of good advertisement
Elements of good advertisement
 
Product Promotion Strategy
Product Promotion StrategyProduct Promotion Strategy
Product Promotion Strategy
 
Promotion
PromotionPromotion
Promotion
 
Ppt on types of advertising
Ppt on types of advertisingPpt on types of advertising
Ppt on types of advertising
 
Advertising & its concept,Types of Advertising.
Advertising & its concept,Types of Advertising.Advertising & its concept,Types of Advertising.
Advertising & its concept,Types of Advertising.
 
Advertising Management
Advertising ManagementAdvertising Management
Advertising Management
 
4 types of ad campaign
4 types of ad campaign4 types of ad campaign
4 types of ad campaign
 
Integrated marketing communication
Integrated marketing communicationIntegrated marketing communication
Integrated marketing communication
 
Retailer originated sales promotion and public relation
Retailer originated sales promotion and public relationRetailer originated sales promotion and public relation
Retailer originated sales promotion and public relation
 
Advertising Management
Advertising ManagementAdvertising Management
Advertising Management
 
Assessment the impact of Sales promotion tools on increasing Consumers purcha...
Assessment the impact of Sales promotion tools on increasing Consumers purcha...Assessment the impact of Sales promotion tools on increasing Consumers purcha...
Assessment the impact of Sales promotion tools on increasing Consumers purcha...
 
Types of advertisement
Types of advertisement Types of advertisement
Types of advertisement
 
Promotional Mix
Promotional MixPromotional Mix
Promotional Mix
 
Tools of sales promotion
Tools of sales promotionTools of sales promotion
Tools of sales promotion
 
Sales promotion schemes project report mba
Sales promotion schemes project report mbaSales promotion schemes project report mba
Sales promotion schemes project report mba
 
340 lamb jw 14 mktg comm
340 lamb jw 14 mktg comm340 lamb jw 14 mktg comm
340 lamb jw 14 mktg comm
 
Imc report
Imc reportImc report
Imc report
 
Promotional mix
Promotional mixPromotional mix
Promotional mix
 

Viewers also liked

Informing candidates
Informing candidatesInforming candidates
Informing candidates
Lewis Appleton
 
Hairspray contract
Hairspray contractHairspray contract
Hairspray contract
Lewis Appleton
 
Marks and spencers
Marks and spencersMarks and spencers
Marks and spencers
Lewis Appleton
 
Economics 2.3 David Yan
Economics 2.3 David YanEconomics 2.3 David Yan
Economics 2.3 David Yan
davidwhy
 
Impact of government policies on economy
Impact of government policies on economyImpact of government policies on economy
Impact of government policies on economy
paul young cpa, cga
 
Sample success letter
Sample success letterSample success letter
Sample success letter
Lewis Appleton
 
The interview process
The interview processThe interview process
The interview process
Lewis Appleton
 
Product range
Product rangeProduct range
Product range
Lewis Appleton
 
New position checklist
New position checklistNew position checklist
New position checklist
Lewis Appleton
 
Social Impact Of BT in UK and NI
Social Impact Of BT in UK and NISocial Impact Of BT in UK and NI
Social Impact Of BT in UK and NI
Larry Taylor Ph.D.
 
Aims and objectives
Aims and objectivesAims and objectives
Aims and objectives
Lewis Appleton
 
Research sampling
Research samplingResearch sampling
Research sampling
Lewis Appleton
 
Recruitment legislation
Recruitment legislationRecruitment legislation
Recruitment legislation
Lewis Appleton
 
Types of research
Types of researchTypes of research
Types of research
Lewis Appleton
 
Sources of recruitment
Sources of recruitmentSources of recruitment
Sources of recruitment
Lewis Appleton
 
Selection memo
Selection memoSelection memo
Selection memo
Lewis Appleton
 
Types of teams
Types of teamsTypes of teams
Types of teams
Lewis Appleton
 
Team log
Team logTeam log
Team log
Lewis Appleton
 
Team development
Team developmentTeam development
Team development
Lewis Appleton
 
Team effectiveness (further)
Team effectiveness (further)Team effectiveness (further)
Team effectiveness (further)
Lewis Appleton
 

Viewers also liked (20)

Informing candidates
Informing candidatesInforming candidates
Informing candidates
 
Hairspray contract
Hairspray contractHairspray contract
Hairspray contract
 
Marks and spencers
Marks and spencersMarks and spencers
Marks and spencers
 
Economics 2.3 David Yan
Economics 2.3 David YanEconomics 2.3 David Yan
Economics 2.3 David Yan
 
Impact of government policies on economy
Impact of government policies on economyImpact of government policies on economy
Impact of government policies on economy
 
Sample success letter
Sample success letterSample success letter
Sample success letter
 
The interview process
The interview processThe interview process
The interview process
 
Product range
Product rangeProduct range
Product range
 
New position checklist
New position checklistNew position checklist
New position checklist
 
Social Impact Of BT in UK and NI
Social Impact Of BT in UK and NISocial Impact Of BT in UK and NI
Social Impact Of BT in UK and NI
 
Aims and objectives
Aims and objectivesAims and objectives
Aims and objectives
 
Research sampling
Research samplingResearch sampling
Research sampling
 
Recruitment legislation
Recruitment legislationRecruitment legislation
Recruitment legislation
 
Types of research
Types of researchTypes of research
Types of research
 
Sources of recruitment
Sources of recruitmentSources of recruitment
Sources of recruitment
 
Selection memo
Selection memoSelection memo
Selection memo
 
Types of teams
Types of teamsTypes of teams
Types of teams
 
Team log
Team logTeam log
Team log
 
Team development
Team developmentTeam development
Team development
 
Team effectiveness (further)
Team effectiveness (further)Team effectiveness (further)
Team effectiveness (further)
 

Similar to Promotional mix

Lo1 workbook
Lo1 workbook Lo1 workbook
Lo1 workbook
Nicola Kilgallon
 
Lo1 workbook
Lo1 workbookLo1 workbook
Lo1 workbook
katiesteph5
 
1. MISSION STATEMENTTo provide our customers with the best medi.docx
1. MISSION STATEMENTTo provide our customers with the best medi.docx1. MISSION STATEMENTTo provide our customers with the best medi.docx
1. MISSION STATEMENTTo provide our customers with the best medi.docx
jackiewalcutt
 
Task 1
Task 1Task 1
Task 1
chamahan
 
Relationship marketing
Relationship marketingRelationship marketing
Relationship marketing
SARATH ANTO TOM
 
Work book lo2g
Work book lo2gWork book lo2g
Work book lo2g
hannahlaufeyson
 
Retail communication mix
Retail communication mixRetail communication mix
Retail communication mix
Sagar Gadekar
 
Does Advertising Work?
Does Advertising Work?Does Advertising Work?
Does Advertising Work?
siddhanthnair
 
Integrated Marketing Communication Mix
Integrated Marketing Communication MixIntegrated Marketing Communication Mix
Integrated Marketing Communication Mix
Deepali Patil
 
Promotion
PromotionPromotion
Promotion
mkamlesh0786
 
Nesta creative toolkit_book_4_in_it_for_the_long_haul
Nesta creative toolkit_book_4_in_it_for_the_long_haulNesta creative toolkit_book_4_in_it_for_the_long_haul
Nesta creative toolkit_book_4_in_it_for_the_long_haul
TẠ MINH TRÃI
 
kotlerinterview.pdf
kotlerinterview.pdfkotlerinterview.pdf
kotlerinterview.pdf
SaranshMehrotra2
 
SPSS Assignment Data.savWeek 6, Using Marketing Channel.docx
SPSS Assignment Data.savWeek 6, Using Marketing Channel.docxSPSS Assignment Data.savWeek 6, Using Marketing Channel.docx
SPSS Assignment Data.savWeek 6, Using Marketing Channel.docx
rafbolet0
 
Discuss the role of marketing in a business organization techno assignment 2016
Discuss the role of marketing in a business organization techno assignment  2016Discuss the role of marketing in a business organization techno assignment  2016
Discuss the role of marketing in a business organization techno assignment 2016
Mandla handirisi
 
Unit3 promotion strategy
Unit3 promotion strategyUnit3 promotion strategy
Unit3 promotion strategy
Subhajit Sanyal
 
Marketing Communication Mix: How to Build Strong Connections with Your Custo...
 Marketing Communication Mix: How to Build Strong Connections with Your Custo... Marketing Communication Mix: How to Build Strong Connections with Your Custo...
Marketing Communication Mix: How to Build Strong Connections with Your Custo...
QuekelsBaro
 
Promoting promotional mistakes
Promoting promotional mistakesPromoting promotional mistakes
Promoting promotional mistakes
MarkDesignJakartaSurabaya
 
Public relation ppt
Public relation ppt Public relation ppt
Public relation ppt
A A
 
Clique Pens - Case Study Solution by Kamal Allazov (Essay type)
Clique Pens - Case Study Solution by Kamal Allazov (Essay type)Clique Pens - Case Study Solution by Kamal Allazov (Essay type)
Clique Pens - Case Study Solution by Kamal Allazov (Essay type)
Kamal Allazov (MSc.)
 
Retailcommunicationmix 120506022650-phpapp01
Retailcommunicationmix 120506022650-phpapp01Retailcommunicationmix 120506022650-phpapp01
Retailcommunicationmix 120506022650-phpapp01
DrAnkitaPathak
 

Similar to Promotional mix (20)

Lo1 workbook
Lo1 workbook Lo1 workbook
Lo1 workbook
 
Lo1 workbook
Lo1 workbookLo1 workbook
Lo1 workbook
 
1. MISSION STATEMENTTo provide our customers with the best medi.docx
1. MISSION STATEMENTTo provide our customers with the best medi.docx1. MISSION STATEMENTTo provide our customers with the best medi.docx
1. MISSION STATEMENTTo provide our customers with the best medi.docx
 
Task 1
Task 1Task 1
Task 1
 
Relationship marketing
Relationship marketingRelationship marketing
Relationship marketing
 
Work book lo2g
Work book lo2gWork book lo2g
Work book lo2g
 
Retail communication mix
Retail communication mixRetail communication mix
Retail communication mix
 
Does Advertising Work?
Does Advertising Work?Does Advertising Work?
Does Advertising Work?
 
Integrated Marketing Communication Mix
Integrated Marketing Communication MixIntegrated Marketing Communication Mix
Integrated Marketing Communication Mix
 
Promotion
PromotionPromotion
Promotion
 
Nesta creative toolkit_book_4_in_it_for_the_long_haul
Nesta creative toolkit_book_4_in_it_for_the_long_haulNesta creative toolkit_book_4_in_it_for_the_long_haul
Nesta creative toolkit_book_4_in_it_for_the_long_haul
 
kotlerinterview.pdf
kotlerinterview.pdfkotlerinterview.pdf
kotlerinterview.pdf
 
SPSS Assignment Data.savWeek 6, Using Marketing Channel.docx
SPSS Assignment Data.savWeek 6, Using Marketing Channel.docxSPSS Assignment Data.savWeek 6, Using Marketing Channel.docx
SPSS Assignment Data.savWeek 6, Using Marketing Channel.docx
 
Discuss the role of marketing in a business organization techno assignment 2016
Discuss the role of marketing in a business organization techno assignment  2016Discuss the role of marketing in a business organization techno assignment  2016
Discuss the role of marketing in a business organization techno assignment 2016
 
Unit3 promotion strategy
Unit3 promotion strategyUnit3 promotion strategy
Unit3 promotion strategy
 
Marketing Communication Mix: How to Build Strong Connections with Your Custo...
 Marketing Communication Mix: How to Build Strong Connections with Your Custo... Marketing Communication Mix: How to Build Strong Connections with Your Custo...
Marketing Communication Mix: How to Build Strong Connections with Your Custo...
 
Promoting promotional mistakes
Promoting promotional mistakesPromoting promotional mistakes
Promoting promotional mistakes
 
Public relation ppt
Public relation ppt Public relation ppt
Public relation ppt
 
Clique Pens - Case Study Solution by Kamal Allazov (Essay type)
Clique Pens - Case Study Solution by Kamal Allazov (Essay type)Clique Pens - Case Study Solution by Kamal Allazov (Essay type)
Clique Pens - Case Study Solution by Kamal Allazov (Essay type)
 
Retailcommunicationmix 120506022650-phpapp01
Retailcommunicationmix 120506022650-phpapp01Retailcommunicationmix 120506022650-phpapp01
Retailcommunicationmix 120506022650-phpapp01
 

More from Lewis Appleton

SWOT report - Sainsbury (2013)
SWOT report - Sainsbury (2013)SWOT report - Sainsbury (2013)
SWOT report - Sainsbury (2013)
Lewis Appleton
 
Accruals and the going concern concept
Accruals and the going concern conceptAccruals and the going concern concept
Accruals and the going concern concept
Lewis Appleton
 
Benefits of credit for the economy and SME's
Benefits of credit for the economy and SME'sBenefits of credit for the economy and SME's
Benefits of credit for the economy and SME's
Lewis Appleton
 
The problem of scarcity
The problem of scarcityThe problem of scarcity
The problem of scarcity
Lewis Appleton
 
Website launch plan
Website launch planWebsite launch plan
Website launch plan
Lewis Appleton
 
Website testing
Website testingWebsite testing
Website testing
Lewis Appleton
 
Website specification
Website specificationWebsite specification
Website specification
Lewis Appleton
 
Business website analysis
Business website analysisBusiness website analysis
Business website analysis
Lewis Appleton
 
Usability of websites
Usability of websitesUsability of websites
Usability of websites
Lewis Appleton
 
Risk assessment
Risk assessmentRisk assessment
Risk assessment
Lewis Appleton
 
Health and safety improvements
Health and safety improvementsHealth and safety improvements
Health and safety improvements
Lewis Appleton
 
Safety procedures
Safety proceduresSafety procedures
Safety procedures
Lewis Appleton
 
Health and safety responsibilities
Health and safety responsibilitiesHealth and safety responsibilities
Health and safety responsibilities
Lewis Appleton
 
Health and safety in the physical environment
Health and safety in the physical environmentHealth and safety in the physical environment
Health and safety in the physical environment
Lewis Appleton
 
Health and safety legislation
Health and safety legislationHealth and safety legislation
Health and safety legislation
Lewis Appleton
 
Team roles
Team rolesTeam roles
Team roles
Lewis Appleton
 
Three circles approach
Three circles approachThree circles approach
Three circles approach
Lewis Appleton
 
Team effectiveness
Team effectivenessTeam effectiveness
Team effectiveness
Lewis Appleton
 
Incident log
Incident logIncident log
Incident log
Lewis Appleton
 
Team leadership
Team leadershipTeam leadership
Team leadership
Lewis Appleton
 

More from Lewis Appleton (20)

SWOT report - Sainsbury (2013)
SWOT report - Sainsbury (2013)SWOT report - Sainsbury (2013)
SWOT report - Sainsbury (2013)
 
Accruals and the going concern concept
Accruals and the going concern conceptAccruals and the going concern concept
Accruals and the going concern concept
 
Benefits of credit for the economy and SME's
Benefits of credit for the economy and SME'sBenefits of credit for the economy and SME's
Benefits of credit for the economy and SME's
 
The problem of scarcity
The problem of scarcityThe problem of scarcity
The problem of scarcity
 
Website launch plan
Website launch planWebsite launch plan
Website launch plan
 
Website testing
Website testingWebsite testing
Website testing
 
Website specification
Website specificationWebsite specification
Website specification
 
Business website analysis
Business website analysisBusiness website analysis
Business website analysis
 
Usability of websites
Usability of websitesUsability of websites
Usability of websites
 
Risk assessment
Risk assessmentRisk assessment
Risk assessment
 
Health and safety improvements
Health and safety improvementsHealth and safety improvements
Health and safety improvements
 
Safety procedures
Safety proceduresSafety procedures
Safety procedures
 
Health and safety responsibilities
Health and safety responsibilitiesHealth and safety responsibilities
Health and safety responsibilities
 
Health and safety in the physical environment
Health and safety in the physical environmentHealth and safety in the physical environment
Health and safety in the physical environment
 
Health and safety legislation
Health and safety legislationHealth and safety legislation
Health and safety legislation
 
Team roles
Team rolesTeam roles
Team roles
 
Three circles approach
Three circles approachThree circles approach
Three circles approach
 
Team effectiveness
Team effectivenessTeam effectiveness
Team effectiveness
 
Incident log
Incident logIncident log
Incident log
 
Team leadership
Team leadershipTeam leadership
Team leadership
 

Recently uploaded

Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
AnnySerafinaLove
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
techboxsqauremedia
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
Adam Smith
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
NZSG
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
LuanWise
 
How to Implement a Real Estate CRM Software
How to Implement a Real Estate CRM SoftwareHow to Implement a Real Estate CRM Software
How to Implement a Real Estate CRM Software
SalesTown
 
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...
jamalseoexpert1978
 
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesEvent Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Holger Mueller
 
Building Your Employer Brand with Social Media
Building Your Employer Brand with Social MediaBuilding Your Employer Brand with Social Media
Building Your Employer Brand with Social Media
LuanWise
 
2024-6-01-IMPACTSilver-Corp-Presentation.pdf
2024-6-01-IMPACTSilver-Corp-Presentation.pdf2024-6-01-IMPACTSilver-Corp-Presentation.pdf
2024-6-01-IMPACTSilver-Corp-Presentation.pdf
hartfordclub1
 
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Lviv Startup Club
 
Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024
Adnet Communications
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
Nicola Wreford-Howard
 
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
my Pandit
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
Adam Smith
 
buy old yahoo accounts buy yahoo accounts
buy old yahoo accounts buy yahoo accountsbuy old yahoo accounts buy yahoo accounts
buy old yahoo accounts buy yahoo accounts
Susan Laney
 
Top mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptxTop mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptx
JeremyPeirce1
 
Best Forex Brokers Comparison in INDIA 2024
Best Forex Brokers Comparison in INDIA 2024Best Forex Brokers Comparison in INDIA 2024
Best Forex Brokers Comparison in INDIA 2024
Top Forex Brokers Review
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
agatadrynko
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
FelixPerez547899
 

Recently uploaded (20)

Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
 
How to Implement a Real Estate CRM Software
How to Implement a Real Estate CRM SoftwareHow to Implement a Real Estate CRM Software
How to Implement a Real Estate CRM Software
 
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...
 
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesEvent Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
 
Building Your Employer Brand with Social Media
Building Your Employer Brand with Social MediaBuilding Your Employer Brand with Social Media
Building Your Employer Brand with Social Media
 
2024-6-01-IMPACTSilver-Corp-Presentation.pdf
2024-6-01-IMPACTSilver-Corp-Presentation.pdf2024-6-01-IMPACTSilver-Corp-Presentation.pdf
2024-6-01-IMPACTSilver-Corp-Presentation.pdf
 
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
 
Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
 
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
 
buy old yahoo accounts buy yahoo accounts
buy old yahoo accounts buy yahoo accountsbuy old yahoo accounts buy yahoo accounts
buy old yahoo accounts buy yahoo accounts
 
Top mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptxTop mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptx
 
Best Forex Brokers Comparison in INDIA 2024
Best Forex Brokers Comparison in INDIA 2024Best Forex Brokers Comparison in INDIA 2024
Best Forex Brokers Comparison in INDIA 2024
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
 

Promotional mix

  • 2. PROMOTIONAL MIX The promotional mix is used to describe how a business communicates with its customers. This mix is a small part of the marketing mix. The promotional mix consists of five elements which are advertising, personal selling, sales promotion, public relations, and direct marketing. All of these elements are blended together to form the mix. Lewis Appleton 2
  • 3. ELEMENTS  Advertising This is the use of things such as the radio, newspapers and television where a business can promote its items. This is good for reaching a large audience and building awareness but it doesn’t always answer all the customers questions. An example of this is including offers in a newspaper so that readers can see them and take advantage of the low costs or deals.  Personal selling This is when someone is targeted to buy a product. The person selling may attempt to build a relationship with the customer which would make them more likely to want to buy the product, this usually results in the seller trying to close the sale. An example of this is when a staff member may see something that the customer is taking an interest in and they would go over and try to encourage them to purchase.  Sales promotion The sales promotion is when sales are stimulated by targeting incentives on a particular product. This is good for a short term boost to sales. This can be bad if used for a long time because the customers may get used to the effect, and it can also damage the brand image. An example of this is when in a supermarket they may list offers on the speakers for customers to hear.  Public relations This is the use of media without directly paying for the time or space it takes up and it promotes the communication of the product, brand or the business. This can be seen as more persuasive to people as the information is from a third party such as a newspaper or magazine. It is also a free way of promoting the business. However because the information is from a third party it is not fully controllable by the business and it can get out of hand and be negative. An example of this is when someone writes a review on a product or the service provided by a store and it tells the good and bad things of it for readers.  Direct marketing This is where a business directly promotes its products to the consumer and can be done through mailers and brochures. The positive results can directly be measured this way by a business and about 10% usually reply. An example of this is a store sending a brochure with all of their latest offers to their customers or potential customers, they may also put leaflets with customers shopping. Lewis Appleton 3
  • 4. NEXT PLC OBJECTIVES The main objective for Next is to deliver long term growth in the earnings per share. Next believes that the way to achieve this is by continuing with the strategies they currently use;  The improvement of the product range, success being reflected in the sales and performance. This can be achieved by using sales promotion, Next could tell customers about current offers depending on the products they purchase and which may suit them.  An increase in selling space while meeting financial criteria before investments are made and the success of this is monitored with the sales and profit contribution. Next could advertise about their increase in space meaning that there is more stock available and therefore more products that customers could purchase.  An increase to the number of customers and the amount they spend averagely. Next could achieve this by direct marketing, they could send out a bulk amount of brochures and flyers to influence potential customers to take advantage of the offers and therefore spend more by including offers such as “50% off every item past spending £50”.  Better product sourcing, cost control and management of stock to manage the gross and net profit margins.  Maintain the financial strengths using an efficient balance sheet and structure for finance.  Exchanging shares when the earnings are increasing and in the shareholders general interests. Lewis Appleton 4
  • 5. M & S OBJECTIVES The objectives for Marks and Spencer's are;  To focus on the UK; they will improve on the brand, stores, clothing range, home department and food products. M & S could achieve this by promoting more of their clothing range and food products with price cuts and special limited time offers, this would allow them to introduce more new products.  To distribute products over a variety of channels; meaning customers will be able to buy products in store, over the phone and online. M & S could promote their services with direct marketing, they could have on their shopping bags about online shopping, they could possibly promote free delivery when a certain amount of money is spent which may encourage online shopping.  International; they want to have higher international sales for the markets they operate in. public relations would help here, if a popular newspaper gives a good review on a product or service more people in other places will be influenced to buy products.  IT, logistics and supply; increase cost savings and increase capital investment, reduce dependence on supply chain and have greater control. Lewis Appleton 5
  • 6. NEXT PLC CORPORATE IMAGE Next try to address any issues that have business related social, ethical and environmental impacts and run their business in a responsible way. Next ensure that they exceed their customers expectations providing excellent products and services. Lewis Appleton 6
  • 7. M & S CORPORATE IMAGE Marks and Spencer's is one of the largest retailers and they product many stylish and high quality product. They have a five year eco plan which will reduce the amount of landfill that they create. In the plan they have made commitments to helping local parks and raise awareness of breast cancer. Lewis Appleton 7
  • 8. NEXT PLC COORDINATED PROMOTIONAL MIX Next PLC will have the same products such as the same clothes in all different ways of promoting their product, this means that the same products will be seen in magazines such as the ones on TV. For example the Next offers on the website that state some items are half price will also be seen in magazines and other places so that the same message is sent to potential customers. Lewis Appleton 8
  • 9. M & S COORDINATED PROMOTIONAL MIX M & S have a section on their website for offers and it includes things such as the deal of the day, this is unlikely to be seen in a magazine or newspaper but offers that have time limits such as the 20% off men's clothing may be promoted so that potential customers can see the offers while they are still available. This helps M & S to send the same promotional message to the potential customers. Lewis Appleton 9