Professional Documents
Culture Documents
Ravi Shanker
Marketing: A set of activities whereby an
organization creates the transfer of Value
(exchange) between themselves & their
customers
◆ Inform
◆ Educate
◆ Persuade
◆ Remind and motivate
action
◆ Maintain relationships
PRODUCT
CHOICES PHY. &
NEED TO MAINTAIN EMOTIONAL
MARKET SHARE DISTANCE
TO REMAIN
COMPETITIVE
WHY?
DURING PERIODS PROMOTE INTENSE COP.
OF LOW
DEMAND
BASIC PHYSIOLOGICAL
HIGH COST OF
NEED SATISFACTION TO
PROMOTION
DESIRES
SIX “M”s OF MARKETING
RS
The means used
intended
UA
to trigger
to
S
consumer
IV
stimulate
action by offering
EC
EN L
Consumer
TS
extra substantive
OM
wants.
UC ION
benefits beyond
MU
the basic offer. EM
IND OT
NI
OM
CA
PR
TIO
BASIC OFFER
N
A company’s product or service that is
designed to meet the needs of the target
BASIC OFFER
LITERATURE
DM INTEGRATED
COMMUNICATION
PACKAGE MPR
PACKAGING
CONTESTS
SPs
ADVERTISING
DIFFERENCES IN ADVERTISING & PERSONAL
SELLING
PERSONAL ADVERTISING
SELLING
IDENTIFY BUYER-READINESS
STAGE & WHERE THE TA IS
AT A PARTICULAR TIME
COGNITIVE KNOW
AFFECTIVE FEEL
BEHAVIOURAL ACT
RESPONSE HIERARCHY
ACTION
CONVICTION
PREFERENCE
LIKING
KNOWLEDGE
AWARE
UNAWARE
III. WHAT TO SAY?
STRUCTURING MESSAGE BY
FORMULATING BENEFITS,
MOTIVATORS, REASONS
N-NOTICED-UN-SOLD
PERSONAL NON-PERSONAL
INFLUENCE CHANNEL INFLUENCE CHANNEL
WOM, P.I. CHANNEL * MASS MEDIA
SOCIAL CHANNEL * PR-able EVENTS
EXPERT CHANNEL
ADVOCATE CHANNEL
VI. WHAT MEDIA SHOULD BE USED?
SALES PROMOTIONS
Sp comprises a range of tactical
marketing techniques designed
within a strategic marketing
framework to add value to a
product or service in order to
achieve specific sales & marketing
objectives.
1) TACTICAL/ TEMPORARY
2) ADDITIONAL
3) SPECIFIC MARKETING OBJECTIVES
Sales Promotion is the act of
influencing perception & behavior
to build market share and sales
while reinforcing brand image.
SALES
COMPETITION CONSUMER
SP : WHAT IT CAN
It can stimulate sales force enthusiasm for a
new, improved or mature product.
It can create trade awareness of new products.
It can help to gain distribution and build
inventories.
It can create more shelf space.
It can reinforce advertising and elicit trial
purchase.
It can hold current users by encouraging
purchase habit building.
It can preempt competition by loading
consumers.
SP : WHAT IT CAN’T
SP incentives cannot by themselves give the
consumer any compelling long-term reason
to continue purchasing a ‘promoted’ brand.
Sp cannot permanently stop an established
product's declining sales trend.
Sp cannot change the basic non-acceptance of
a product which has been proved undesired
earlier.
Sp cannot create an image for a brand.
REASONS FOR GROWTH
◆ ACCOUNTABLE
◆ HELPS IN PRODUCT INTRODUCTION
◆ ORG. STR - INTRODUCTION OF BRAND
MANAGEMENT FUNCTION
◆ COMPETITIVE CLUTTER
◆ MEDIA COST
◆ RECESSION & INFLATION
◆ RETAIL POWER & PRESSURES
◆ CONSUMER RESPONSE
OBJECTIVES OF SP
A. CONSUMER ORIENTED
◆ OBTAIN TRAIL & REPURCHASE
◆ INCREASING CONSUMPTIONS
OF AN ESTABLISHED BRAND
◆ DEFENDING CURRENT
CUSTOMERS
◆ ENHANCING ADVG & MKTG.
EFFORT
SALES
CONSUMER
PROMOTION
Reduced Price Pack
On Pack Premium
Near Pack Premium
Re-use Pack
Bonus Pack
Home Sample
Cross Sample
Home Coupons
Mag/Press Coupons
Free Premium
Refund Offer
Skill Comp…….
B. TRADE ORIENTED
◆ Obtain distribution & support for
new products
◆ Maintain trade support for
established brands
◆ Encourage retailers to display &
promote established brands
◆ Build retail inventories
DEALER/ TRADE
Sales Contests
Stock Display Contests
Discounts
Allowances
Gifts
Conferences
C. SALES FORCE ORIENTED
◆ To counter competition
◆ Build in store traffic
SALES PROMOTION: KEY SUCCESS
FACTORS
4. SET BUDGETS
5. DEVELOP STRATEGY
6. DEVISE SCHEDULE
7.IMPLEMENT
Technical
Consultant
Missionary
CREATIVITY Salesman
IN SELLING Travelling Salesman
Van Salesman
Grocery Salesman
HANDLING OBJECTIONS
Setting Organizing
objectives Planning Organizing activities
Recruit,
Motivat select,
e, train,
evaluate develop,
Controlling Directing
, manage,
& &
PUBLIC RELATIONS
The old name for marketing PR was
publicity, which was seen as the task of
securing free editorial space (As against
paid space i.e., Advg.) in print or broadcast
media to promote product, place, person
MPR goes beyond publicity
Public relations is defined as the management
function which evaluates public attitudes,
identify the policies and procedures and
execute a programme of action to earn public
understanding and acceptance
STRATEGIC
PLANNING OPERATIONS
PUBLIC
RELATIONS
MARKETING
HRD
STEPCHILD
MEGAMARKETING
PR LOBBING/POWER
FINANCE
STATUS: TODAY
PR is another management tool.
PR dept. Is typically located at corporate
hq.
It deals with a number of publics which
are important to an organization.
Like: stockholders, employees,
legislators, regulatory agencies, opinion
leaders, community at large,
customers…………
PR ACTIVITIES INCLUDES:
PRESS RELATIONS : PRESS PEOPLE/MEDIA
•PRODUCT PUBLICITY : PROSPECTS,
CONSUMERS
•CORPORATE EXT. – SHARE HOLDERS
COMMUNICATION COMMUNITY
INT. EMPLOYEES
•LOBBYING : GOVT/STATUARY
REGULATORY BODIES
•COUNSELING : MANAGMENT
MOST OF THESE DONOT FEED INTO DIRECT
PRODUCT SUPPORT
MRP-POSSIBLE OBJECTIVES
−BUILD AWARENESS
−CREDIBILITY
−STIMULATE S.F. & DEALERS
−HOLD DOWN PROMOTION COSTS
TOOLS
•PUBLICATIONS
•EVENTS
•NEWS
LIKE: VISUAL IDENTITY
•SPEECHES
LOGO
•PUBLIC SR. ACTIVITY
UNIFORM
•IDENTITY MEDIA
DRESS CODE
STATIONARY/CARDS
BROCHURES
BUILDINGS
THEY CAN BE EFFECTIVELY USED IF
THEY ARE
•ATTRACTIVE
•DISTINCTIVE
• MEMORABLE
PROACTIVE MARKETING PR
DISTATED BY CO’s MARKETING OBJS.
AIMS AT - ADDITIONAL EXPOSURE
- NEWS WORTHINESS
- CREDIBILITY
REACTIVE MARKETIN PR
DISTATED BY OUTSIDE INFLUENCES
AIMS AT – HANDLING VULNERABLE
POSITION/SITUATION IN THE MARKET PLACE.
EX: PROACTIVE
EX: REACTIVE
-ASSIST IN THE REPOSITIONING OF A
MATURE PRODUCT
DEFEND PRODUCTS THAT HAVE
ENCOUNTERED PUBLIC PROBLEMS
BUILD AWARNESS
BUILD CREDIBILITY
STIMULATE THE SALES
FORCE/DEALERS
HOLD DOWN, PROMOTON
COST
TASKS
•BUILD CORPORATE IMAGE
•INFLUENCE SPECIFIC GROUPS
•BUILD INTERESET IN SPECIFIC
PRODUCTS
•ASSIST IN THEIR LAUNCH
•ASSIST IN REPOSITIONING
•DEFEND AGAINST…….
AUDIENCE FOR CORPORATE COM.
•INTERNAL
•LOCAL/COMMUNITY
•INFLUENTIAL GROUPS
•THE ‘TRADE’
•GOVT.
•MEDIA
•FINANCIAL INST.
•CUSTOMERS
•THE GENERAL PUBLIC
SOURCE: MEDIA FOR PR & CORPORATE
IMAGE
(DAVID BERNSTEIN, (1989) CORPORATE
IMAGE & REALITY)
•PRODUCTS CO. PRODUCES
•ITS CORRESPONDENCE
•PERSONAL PRESENTATION
•IMPERSONAL PRESENTATION
•LITERATURE
•P.O.S. MATERIAL
•PERMANENT MEDIA
•ADVG.
•
NEWS IS OFTEN DEFINED BY
ITS QUALITIES:
TIMELINESS
PROXIMITY
PROMINENCE
CONSEQUENCE
RARITY
HUMAN INTEREST
SOME TIPS FOR HANDLING MEDIA PEOPLE