Sales promotion is one component of the marketing factor, called Promotion-Communication, where the other components are advertising, public relations, and sales. They are the main objective of driving sales. Promotional incentives must be exceptional, is an instrument to achieve short-term results. Finally, you need to remember the end customer or channel.
All the media on which promotion remains based have three different characteristics in common:
Communication. They grab attention and often give information that “push” will produce the customer.
Incentives. It incorporates an entry into the dealership or a particular advantage, which increases the offer’s value for the customer.
Invitation. It incorporates a clear invitation for the customer to decide to buy in the short term.
The main objects of promotion at the company level are:
The characteristics of sales promotion.
The definition of sales promotion and the comparison with the rest of the elements of the communication mix makes it possible to highlight that the interesting characteristics before the promotion to highlight:
The purpose of sales promotion is to increase sellers, distributors, and traders’ ability and desire to sell the company’s products and create a desire among potential customers to buy it “by bringing together the products of them.”
Sales promotion is a discontinuous incentive in time, form, and character. Each time it starts, it should be a sporadic, time-limited action. It does not prevent the repetition of a successful promotion.
It constitutes an inducement unrelated to the intrinsic characteristics of the product. It’s not about improving your outcomes, more about driving sales. If, for example, the packaging remains enhanced for promotional purposes, it is no longer a promotion since the packaging is one of the attributes or qualities of the product.
Promotion is an independent inducement to advertise. Motivator and informant you can come. Instead of that, promotion involves immediate sale. The confusion is that most promotional actions have to remain communicated, and advertising remains used for it. I publicized it “bringing” the customer closer to the product; The PV “brings” the product closer to the customer.
Promotion is an incentive that will get people in shape. It covers different actions in the specific jacket; It can be a gift, a discount, or participation in a raffle.
Is must establish a relationship between the promotional and the product and between the promotional and the customer. For example, if you are unsuccessful in promoting toothpaste, a suitable promotional coupon would be a toothbrush or dental floss.
It makes it possible to counterbalance the differences in price or discounts compared to other competitors.
It increases sales vertically in the short term, and in a long time, it gives them stability.
You can control your results, and your results are required.
It allows eliminating surplus production or reduction of stocks.
It manages to capture, even temporarily, part of the market share of competitors.
The customer will be able to focus on the benefit of the initiative that produced it.
Who needs a constant increase in the value of the gift sent to customers due to promotional struggles with the competition.
There is a risk that the customer will get used to the promotion.
In the end, the promotion is neither good nor bad. It can be effective or efficient as long as it achieves or does not the intended objectives. The main thing to consider to set these goals is the advantages and disadvantages that have just been reported.
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[types of sales promotion]
[list the objectives of sales promotion]
[definition of sales promotion by different authors]
[tools of sales promotion]
[sales promotion techniques]
[sales promotion objectives examples]
[sales promotion pdf]
[introduction sales promotion]
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