The document discusses various promotional tools for businesses including promotion, advertising, selling, sales promotions, and public relations. Promotion involves presenting products and services to the public to address their needs. Advertising aims to influence customer behavior to choose a product over competitors. Sales involve trading products for a price. Sales promotions use incentives to entice customers. Public relations builds a business's reputation rather than directly promoting products.
The document discusses various promotional tools for businesses including promotion, advertising, selling, sales promotions, and public relations. Promotion involves presenting products and services to the public to address their needs. Advertising aims to influence customer behavior to choose a product over competitors. Sales involve trading products for a price. Sales promotions use incentives to entice customers. Public relations builds a business's reputation rather than directly promoting products.
The document discusses various promotional tools for businesses including promotion, advertising, selling, sales promotions, and public relations. Promotion involves presenting products and services to the public to address their needs. Advertising aims to influence customer behavior to choose a product over competitors. Sales involve trading products for a price. Sales promotions use incentives to entice customers. Public relations builds a business's reputation rather than directly promoting products.
Involves presenting the products or services to the public
how this can address the publics’ needs, wants, problems, or desires. The primary target market should be identified because it will become the main audience. The main goal of promotion is to gain attention. Promotional Tools (Advertising)
Advertising- this is a type of communication that
influences the behavior of a customer to choose the product or service of the entrepreneur over the competitors. Objective of Advertising
Informing, educating, and familiarizing the
public with the product and service offerings. Building a trustworthy image. Increasing. Key marketing messages for promotion can be the following:
Value proposition or unique selling proposition of
the product or service. Product or service image. Business image. Business values and philosophy. Choices of Advertising
Television- regular channels, cable TV
Radio- AM and FM radio Internet- e-mails, web sites, blogs, social media, etc. Mobile Phones- text messages, mobile application. Print- newspapers, magazines, flyers, signage, posters. Out-of-home- billboards, buses, bus stops, trains, train station, taxis, street advertisement. Promotional Tools (Selling)
Selling- this is the act of trading a product or service of a price or a fee.
Must identify the target customers who were likely buy the product or service. Must know how to handle objections through highlighting the product benefits and directing the costumer to their compelling needs or wants. Must know how to close a sale by leaving a convincing conclusion that will trigger the customer purchase. Promotional Tools (Sales Promotions)
Sales Promotions- These are short term promotional
gimmicks wherein practical incentives and appealing activities are incorporated to entice the customers to buy the product or avail of the service. Promotional Tools (Sales Promotions)
Common Example of sales promotions in Philippines
Sales Discount Premiums(Free toys, foods) Discount Coupon Free taste, Free Trial (Sample Raffles Distribution) Contest and Games Points of Purchase
Product or service bundle Advertising Specialty
Trade fairs or Exhibits Rewards (Reward Card)
Promotional Tools (Public Relation)
Public Relation- These are image-building
initiatives of the entrepreneur to make the name of the business reputable to stakeholders, such as the target customers, governments agencies, business partners, media, and the public. Promotional Tools (Public Relation)
Unlike advertisements, public relations(PR) do not
directly promote products or services. These PR strategies affect customers indirectly, but they do not influence the stakeholders to build more trust to the business. Examples of Public Relations Strategies
Press conferences Social responsibility events
Launching events (Charitable or community Strong media relations through events) Lobbying (Good relationship press kits with government officials) Web Public Relations (Blogs, Social Media, E-mails) QUIZ TIME! QUIZ TIME!
1. Involves presenting the product or services
to the public. QUIZ TIME!
2. Act of trading a product or service or a
fee. QUIZ TIME!
3. Did not promote directly the products or services.
Image-building of the business to make the name of the business reputable. QUIZ TIME!
4. Influences the behavior of a costumer to choose
the product or service over the competitors. QUIZ TIME!
5.Short term promotional gimmicks wherein practical
incentives and appealing activities and appealing activities are incorporated to entice customers to buy the product or service. Exchange Papers Answer
1. Involves presenting the product or services
to the public. Promotion Answer
2. Act of trading a product or service or a
fee. Selling Answer
3. Did not promote directly the products or services.
Image-building of the business to make the name of the business reputable. Public Relation Answer
4. Influences the behavior of a costumer to choose
the product or service over the competitors. Advertising Answer
5.Short term promotional gimmicks wherein practical
incentives and appealing activities and appealing activities are incorporated to entice customers to buy the product or service. Sales Promotion
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