The promotional mix is a combination of different types of promotion used to keep products in customers' minds and stimulate demand. It consists of five main components: advertising, sales promotion, public relations, personal selling, and direct marketing. Each component has a specific purpose - advertising reaches large audiences, sales promotion offers incentives, public relations builds the company's image, personal selling allows for personal interactions, and direct marketing obtains immediate responses and builds customer relationships.
The promotional mix is a combination of different types of promotion used to keep products in customers' minds and stimulate demand. It consists of five main components: advertising, sales promotion, public relations, personal selling, and direct marketing. Each component has a specific purpose - advertising reaches large audiences, sales promotion offers incentives, public relations builds the company's image, personal selling allows for personal interactions, and direct marketing obtains immediate responses and builds customer relationships.
The promotional mix is a combination of different types of promotion used to keep products in customers' minds and stimulate demand. It consists of five main components: advertising, sales promotion, public relations, personal selling, and direct marketing. Each component has a specific purpose - advertising reaches large audiences, sales promotion offers incentives, public relations builds the company's image, personal selling allows for personal interactions, and direct marketing obtains immediate responses and builds customer relationships.
• The promotional mix is a combination of different types of promotion.
• Promotion keeps the product in minds of the customer & helps stimulate demand of the product. • The ongoing activities of advertising,sales promotion, public relations, personal selling,& direct marketing are often considered aspects of promotion. Ingredients of promotion mix:
1. Advertising 2. Sales Promotion 3. Public relations 4. Personal selling 5. Direct marketing 1. Advertising
• Any paid form of non- personal presentation & of ideas,goods or
services. • Reaches large, geographically dispersed audiences,often with high frequency. • Impersonal; one way communication. • The major tools are: 1. Print media 2. Broadcast media Sales promotion • Short term incentives to encourage the purchase or Sale of a product or service. • Makes use of variety of formats: Discounts, premiums etc • Attract attention,offers strong purchase incentives • Stimulate quick response • Not effective at building long term brand preferences Public relations • Building good relationship with company’s various publics (stakeholders) building up a good image. • The major tools are press releases, sponsorship, special events,web pages. • To enhance the positive aspects & minimize negative factors related to products and organisations. Personal selling • The personal presentation by the firm’s sales force for the purpose of making sales and building strong customer relationship. • Most effective tool for building buyers preferences, convictions and actions. • Personal interaction allows for feedback and adjustments. • Relationship- orientated. Direct marketing • Involves making direct connection with carefully targeted individual consumer to both obtain an immediate response and cultivate lasting customer relationship. • Many forms: Telephone marketing, direct mail, online marketing etc.