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Orca Share Media1572018186634
Orca Share Media1572018186634
At the end the lesson I will be able to Describe the Marketing Mix (7Ps) in
relation to the business opportunity vis-à-vis:
Product;
Packaging;
Price;
Promotion;
People;
Place; and
Positioning
3.
PROMOT
ION
- the explicit communication strategy adopted by an
enterprise to elicit the:
patronage,
loyalty and
support
not only for its customers but also from its significant
stakeholders.
• Strategies to make the consumer aware
of the existence of a product or service
3.
PROMOT
ION
PROMOTION
-encompasses all the direct communication efforts of the
enterprise such as:
advertising,
public relation campaigns,
promotional tours,
product offerings,
point of displays,
websites,
flyers,
emails,
letters,
telemarketing,
and others.
3.
PROMOT
ION
PROMOTION
-also encompasses indirect communication efforts of the
enterprise through:
the quality of its products
the attractiveness of its packaging
the services rendered by its people
its location,
its office premises and branches,
and its pricing strategy.
3.
PROMOT
ION
How to make an effective?
Effective promotion, depends on three critical
factors:
Neighborhood flyers,
word-of-mouth promotion, and
house-to-house campaigns might suffice for highly localized business.
3.
PROMOT
ION
How to make an effective?
For niche market like
vintage car enthusiast or
rare orchid’s growers,
trade magazines and
active participation in special trade shows
would be more effective in directly reaching this exclusive audience.
The idea is to match the size of the market with the medium used and
the resources of the enterprise.