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CHAP8 Promotion
CHAP8 Promotion
Chapter 8
Promotion
1. Enumerate the different promotion tools used by drug companies for ethical drug
products and the primary target markets.
Personal Selling
- Pharmaceutical companies hire medical representatives to promote
and sell their products. Their customers are usually doctors, nurses,
and pharmacists. The medical representative will increase product
awareness, answer queries, provide advice and introduce new
products in order to maximize sales growth of the company. They
usually organize appointments and meetings with hospital-based
healthcare workers and demonstrate or present products to them.
Sales Promotion
- Most pharmaceutical companies fund clinical trials to test the safety
level and efficacy of a newly developed medical device or drug,
especially ethical pharmaceutical products such as drugs used for
chemotherapy. If proven effective, it is one way to promote their
product as well.
Publicity/Public relations
2. Enumerate the different promotions tools for OTC and Proprietary drug products
Sales Promotion
- Pharmaceutical companies usually use sales promotion as one of their
promotion tools for OTC drug products by offering promo packs, raffle
promo, free goods, freebies etc.
Examples:
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Promotion
Publicity/Public relations
- Publicity is one of the most effective promotion tools because more
potential customers are reached. Pharmaceutical companies usually
use tv advertisement to make their products visible to the target
market and to increase awareness for their products.
Example:
Unilab’s Kremil-S Advance and Kremil-S Tablet are differentiated through the
use of a tv commercial.
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Chapter 8
Promotion
4. Enumerate and discuss various types of sales promotions for ethical drug products.
Provide examples.
Discount coupon for patients – This type of sales promotion is one of the
most common way to promote ethical drugs that are for maintenance.
Maintenance drugs could cost a lot especially that one will be taking these
drugs for life. Thus, some pharmaceutical companies, in partnership with
several local drugstores, can offer discount coupons to patients who are
taking certain drug products.
Example: Discount coupon for Metformin, a drug used to lower blood sugar in
diabetic patients.
Gifts for the needy – Gifts for the needy can include patient assistance
programs. Patient assistance programs are run by pharmaceutical companies
to provide free medications to people who cannot afford to buy their
medicine. For an instance, without any health insurance, chemotherapy can
cost a lot. Cancer patients who cannot afford chemotherapy and other
medications can apply for patient assistance program. Thousands of drugs
are covered under the programs and aren't exclusive to chemotherapy or
cancer treatment-related medications.
Example: Several drug companies offering Patient Assistance Program
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Medical missions and clinic operations – Medical missions and clinic operations
can be tools in disseminating information to communities or localities with limited
access to health care about the products offered by certain drug companies and
provide them with medical assistance.
DISPLAY GUIDELINES
If you have a POP display
- Have it displayed conspicuously in massive facings where most
consumers stand, or better still, at every point in stores with counter.
- Place products in convenient locations for every accessibility of counter
clerks/ sales personnel anytime and all the time.
- Have your display at a height between waist and eye level (while your
posters are placed at higher levels).
- Make it big and attractive enough to attract the consumer.
If you have a floor display or preferential shelf space
- Relate displays to the size of the drugstore; within reason, however,
the bigger the display, the more it will sell.
- Ensure that the display is in a position and size where it will be seen by
the greatest number of consumers.
- Do not ruin it by including too many brands but rather one product.
- Make it big and attractive to really attract passerby or prospective
customers to stop for a while and make a decision.
- Relate displays to the size of the store; within reason, however, the
bigger the display, the more it will sell.
If you have a window display
- Make sure you control the whole window space and that there are no
other products cluttering the display
- Always keep the windows clean and all elements of the display
properly arranged and artistically displayed to generate interest and
excitement from passerby/shoppers to get inside the store and ask
sales personnel for the product.
C. Frequency
A measure of how many times the average person in the target market is
exposed to the message, either radio or TV commercial.
D. Promotion Mix
The specific mix of advertising, personal selling sales promotion, and public
relation a drug company uses to pursue its advertising and marketing
objectives, for either ethical or proprietary drug products.
E. Personal selling
Involves personal interaction between two or more people, so each person
can observe the others need and characteristics to close and make quick
adjustments.
Personal selling is where businesses use people (the "sales force") to sell the
product after meeting face-to-face with the customer.
F. Point of Purchase
Displays and demonstrations take place at the point-of-purchase or sale.
Point-of-sale displays (POS) are a specialized form of sales promotion found
near, on, or next to a checkout counter (the "point of sale")
G. Sales Promotion
Short term incentives to encourage purchase or sales of a product or service,
for consumers to buy more and encourage a repeat buys
H. Sales Force Promotion
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These schemes are intended to motivate sales people to put in more efforts
to increase sales, increase distribution, promote new or seasonal products,
sell more deals to resellers, book more orders, develop prospects lists and
build up morale and enthusiasm
Bonuses, contests, sales rallies, to achieve desired goals.
I. Trade Promotions
Trade promotion is a marketing tactic aimed at retailers by manufacturers,
with the goal of increasing the demand for their products.
Discounts, allowances, free goods, cooperative advertising, push money,
conventions, tradeshows given to trade channels.