Sunday, December 29, 2019

Promotion Is The Business Of Communicating With The Customer

Promotion is the business of communicating with the customer. Promotion raises customer awareness of a product or brand, generating sales, and creating brand loyalty and is used by companies to try and help persuade them to purchase their product. The purpose of promotion is to grow the total size of the market, sales volume, increase market share, establish and build credibility (Cheverton, 2004). Increased promotional activity is often a sign of a response to a problem such as competitive activity, it enables an organization to develop and build up a succession of messages and can be extremely cost-effective (Business Case Studies, 2016). For a company to be successful they will rely on promotion mixes (the specific mix of advertising,†¦show more content†¦Personal selling will give the company the interaction it needs to most effectively promote their software for animated television and shows. Personal selling has a superior impact on a consumer, questions are answered a lmost instantly and there are no middle men to rely the wrong image or question the product of the company. Personal selling is effective when used in the business to business market, as it enables a company to gain two-way communication with the buyer directly and is able to tailor their sales message and receive instant feedback. Making professional quality animated television shows and movies animated software is not a product that all audiences will need. A company using direct marketing will be able to get their product to a specific target audience. Direct marketing delivers personalized promotional material directly to individual consumers, by providing an interactive approach for an organization to reach consumers (Marketing communication, 2014). Direct marketing allows businesses to focus their marketing resources where they are likely to get the best results while enabling a company to influence specific consumers and businesses. Promotions using direct marketing would be creating a website on the internet, e-mail, and getting it out to the businesses you are trying toShow MoreRelatedMarketing Versus The Value Approach1024 Words   |  5 Pages Compare and Contrast a 4-P (Price, Product, Place and Promotion) Approach to Marketing versus the Value Approach (Creating, Communicating, and Delivering Value) Anonymous University of the People Principles of Marketing BUS 2201 â€Æ' Abstract The commonly accepted definition of marketing introduced the concept of marketing, using the four Ps approach to marketing and the value approach. However, many students of marketing have erroneously assumed the four Ps as the same as the Value MarketingRead MoreThe Major Elements Of Marketing856 Words   |  4 Pagesto marketing. While the value approach concentrates on delivering value to the consumers or customers, the 4Ps approach is evidently concentrated not on customers, but on the product itself. The major elements of the four Ps approach of marketing are product, price, place, and promotion; by that, the four Ps elevate product in the marketing plan while the value approach components are creating, communicating, delivering, and exchanging offerings. In the 4Ps approach of marketing, a product which mayRead MoreMarketing Versus The Value Approach1052 Words   |  5 PagesPrepare an essay comparing and contrasting a 4-P (price, product, place and promotion) approach to marketing versus the value approach (creating, communicating, and delivering value). What would you expect to be the same and what would you expect to be different between two companies who apply one or the other approach? In The cutting edge world of marketing dated back in the late 1950s, the four Ps were called the marketing mix, meaning that a marketing plan is a mix of four components. A companyRead MoreMarketing Mix Of Marketing And Marketing1001 Words   |  5 PagesOne of other marketing mix is the Value approach. This approach concentrates on delivering value to the consumers or customers, the 4Ps approach is evidently concentrated not on customers, but on the product itself. These are the 4 P’s approach 1. Product. Goods and services (creating offerings). 2. Promotion. Communication. 3. Place. Getting the product to a point where the customer can purchase it (delivering). 4. Price. The monetary amount charged for the product (exchange). The four Ps approachRead MorePromotional Mix : Marketing Mix1698 Words   |  7 Pages(distribution), price and promotion. The promotional mix has several components to it, which include advertising, public relations, sales promotion, personal selling, and, in this day and age, social media. The most important concept to learn about the promotional mix is that, no matter how good the product, the price, or the distribution of a good or service is, the product will not survive in a competitive marketplace if it doesn’t have strong promotion. The promotion of a good or service is extremelyRead MoreWii Fit Promotion949 Words   |  4 PagesPromotion Nintendo knows that it has a unique and attractive product to a wide demographic at an affordable price. To generate the sales and profits that we have forecasted though will require all of the above features to be effectively communicated to our customers. This is where promotion enters the marketing mix. This mix will consist of a blend of personal selling, advertising, sales promotion, public relations, and web site. Our promotional strategy will be based on the Wii Fit target audienceRead MoreLife Insurance987 Words   |  4 Pagestaking the help from the state to run the business. LITERATURE VIEW Sales management and customer satisfaction: Influence of Advertising on Sales: This is a very important fact in life insurance industry as, their most of sales advertising by the salespersons. Draw back of a company can be happen due to the lack of communication and the problems in communicating with the consumers. Influence of Sales promotions on sales Sales promotions has taken an increasing share of the marketingRead MoreThe Role of Internet Marketing within the a Modern Marketing Context1015 Words   |  5 PagesSolution of Task 1 Describe the role of internet marketing has within a modern marketing context. (P1) Marketing is the method of communicating that the price of a goods or services to customer, for expected selling. It is the communicating method between a society’s demandable materials and economic pattern in exchanging money. Product, Price, Place and Promotion known as 4Ps and marketing mix. These are the base of marketing. which is development product and distribute to different place toRead MoreMarketing Mix1265 Words   |  6 Pagestool. The four Ps or four elements of the marketing mix are product, place, price, and promotion, which are used to satisfy consumers’ needs and the objectives of the organization. After a target market is selected, â€Å"†¦the firm must take steps to satisfy [the customers] needs† (Kerin, Hartley, Rudelius, 2009 p. 13). The basic concept of the marketing mix is to focus on what customers want and to keep customers satisfied. Although the marketing mix is a unique way to market a product or service, satisfyingRead MoreEssay about Four Elements of the Marketing Mix 1460 Words   |  6 Pagestool. The four Ps or four elements of the marketing mix are product, place, price, and promotion, which are used to satisfy consumers’ needs and the objective s of the organization. After a target market is selected, â€Å"†¦the firm must take steps to satisfy [the customers] needs† (Kerin, Hartley, Rudelius, 2009 p. 13). The basic concept of the marketing mix is to focus on what customers want and to keep customers satisfied. Although the marketing mix is a unique way to market a product or service, satisfying

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.