Professional Documents
Culture Documents
ADVERTISING
It is a paid form of mass communication and can be traced to an identified
sponsor. Now a day s Advertising plays a significant role in awareness creation
and attitude formation. In a macro concept, it stands for the managerial function
of an organization intending to send information to the other members of the
society.
American Marketing Association defined it as, “Any paid form of non –
personal presentation of ideas, goods, or services by an identified sponsor.”
In the words of Albert Lasker,” Advertising is salesmanship in print, driven by
a reason why?”.
Features of Advertising:
1. It is a mass communication medium.
2. It is a salesmanship in print.
b. It acts as a salesman.
2. It is clear: A clear copy is one which is easily and quickly read and grasp
by the readers.
3. It is apt: Writing an apt copy is the art of putting in the words that create
strong desire to possess the
product where the product features satisfy the consumer’s desire to
possess.
6. Sale: If all the above stages have been concluded successfully, then the
next stage is ultimate sale of the product.
SALES PROMOTION
Sales promotion is another major component of promotion mix. The
phrase sales promotion has a distinct meaning. It stands for all those
activities that supplement, co-ordinate and make more effective the
efforts of personal selling and advertising. It collectively comprises of the
tools used to promote sales in a given territory and time. It consists of
short term incentives designed to achieve a specific marketing goal in the
immediate future.
The broad objective of consumer promotion is to create pull for the brand and it
includes-
(a) Rebates: Simply it is a price reduction after the purchase and not at
the retail shop.
(b) Money refund offer: Here, if the customer is satisfied with the
product, a part or whole of the
money will be refunded.
(c) Samples: While introducing a new product, giving samples to the
customers at their doorstep.
(d) Price packs: In this method the customer is offered a reduction from
the printed price of product.
(e) Premium offer: Here goods are offered at a lower price or free as an
incentive to purchase a special product.
(f) Consumer contests: Various competitions are organized among the
customers. The winners are given prizes.
(g) Free trials: In this case, inviting the buyers to try the product without
cost.
PUBLIC RELATION
It is the actions of a corporation, store, government, individuals, etc. in
promoting goodwill between itself and the public, the community,
employees, customers, etc. It can be defined as the practice of managing
communication between an organization and its public. Public relation is
used to build rapport with employees, customers, investors, or the general
public. This method of marketing does not aim at promoting a single
product/service but the company as a whole.
This is done by spreading a positive feel about the company through various
stories and articles or positive feedback from customers about the company in
different media channels. In comparison to advertising, PR is a very cost
effective method of marketing. A full page advertisement of a product may fail
to attract customers attention, but a positive response about the same from a
satisfied customer when appears in the form of an article in the same news
paper will work wonders for the company. PR is quite understandably
considered as a very genuine method of marketing. It creates a favorable
atmosphere for conducting business of the firm.
According to UK Institute of Public relation, “ It is the deliberately planned and
sustained efforts to establish and maintain mutual understanding between the
organisation and its public.”
Advantages of Public relations:
1. Credibility: The information communicated through public relation
department is more reliable and it has more credibility. For eg.an article in
newspapers or magazines discussing the virtues of aspirin may be
perceived very much as more credible than an ad for a particular brand of
aspirin.
2. Cost: In both absolute and relative terms, the cost of PR is very low,
especially when the possible effects are considered. While a firm can
employ advertisement agencies and spend millions of dollars on
advertisements, for smaller companies, this form of communication may be
the most affordable alternative available.
3. Lead Generation : Information about the technological innovations,
medical break-through and the like results almost immediately in a
multitude of inquiries. These inquiries may give the firm some quality
sales lead.
2. Keeping an eye on all media channels for any public feedback on the
client company or its products.