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Promotional Strategy

Transcript: Rachel Garcia & Jamie Morrissey Thank you!!! Promotional Strategy Sponsorship (local festivals, films, sporting events, and athletes) Rewards Programs (Elevated Rewards Membership) Free Shipping Special Offers Product Previews Invitations to events Online/Social Media Advertising (Facebook, twitter, and tumblr) Engaging Customer through Blogging (Finding Winter Blog, Wordpress, REI, and Wiki) Mass Media (Radio, Magazine, and Billboards) In-Store (Store front and sales) Promotional Strategy Questions? • Innovative product • Promotion must be informational • Promotion must be emotionally appealing • Mountain Hardwear and the sportswear industry are mature/declining • Low tech advancement • Developing new products should be priority Promotional Critique Messages Awareness Mountain Hardwear - Quality & Durability Groundwork for Titan Athletic Concept Interest Focus on Illustrating Obtainable Goals for Target Market Desire Using Media for our Target Audience - Golf Digest Action In-Store Display & Employee Product/Lifestyle Knowledge Marketing Goal: Targeting Active Retirees over 50 years old with incomes over $50,000 Promotional Activities Mountain Hardwear Product Life Cycle Analysis High performance outerwear. Because more, is just more. More features, customization, comfort, & protection Uniquely you, brand new. The Titan Athletic Concept. Customizable joint support: built to last. User-friendly vital measurement: so high tech, it’s simple Comfortable muscle reinforcement: Titan takes the strain off your tight muscles The Titan Athletic Concept: Because your spirit doesn’t age as fast as your body does. Comfortable clothing for the whole day Complete care for all your needs Customizable compatibility for you and you alone

Promotional Strategy

Transcript: transaction - Offer them a gift E.g 1 month free subscription Not Paid U S Goal: To make people register on BA E Re-Marketing Goal: To make people register on BA Tool: - Offer our best tipsters for free A People that had/have subscriptions s Goal: Complete the buying process Tool: - Offer our best tipsters plus value coupons o r Goal: - Bring the customers in the upper situation Tool: - Offer more than one of our "average" tipsters - Add to Cart - Log in -Transaction I S -Offer a tipster for one year Free transaction Rich No Paid e t T s - Offer small discounts E.g 15% max Not Registered Customers Tipsters' Performance O Paid Goal: -Retainment of customers Tool: - Offer tipsters' service for free E.g Give another tipster for free for one month u >30 days C Tool: -Offer the service of our tipsters and a small amount to spend on bookmakers, after registration - Offer 1 € tipsters, or/and - value coupon 20 €, 30 € ? Goal: -To raise the average cart Tool: -Anual subscribscions - bundle log in/ cart Goal: Make them buy another tipster. Reduce the risk R S Goal: To make people register on BA Strategy Recommendation -Offer sth Channels m Tool: - 1 € Strategy Goal: Complete the buying process Tool: - Coupon discounts with a minimum amount spent E.g Spend 100 € and get 25% off on any tipster Goal: Make them buy another tipster. Reduce the risk Based on Jim Harvey's speech structures - Offer big discounts E.g 30%, 40%, 50% Goal: -Give them a reason to re-think of BA Poor log in/ cart Yes C N Goal: To make people register on BA < 30 days

Promotional Strategy

Transcript: Promotional Strategy HERE WE ARE.. Ahmad Isan Ahmed Rafik Sharfeddin Indira Kasnawati Manabu Takakura Naufal Ibrahim Luqman Aziz Zaneta Azzahra Izdihar Duma Hutapea pay attention to the presentation silent all devices if there is an additional thing = please raise your hand NOT obey the rules = get penalty (the penalty is a secret) so.. be careful guys Sessions for The Presentation 1. Promotion 2. Promotional Strategy:Advertising 3. Promotional Strategy:Selling 4. Promotional Strategy:Sales Promotion 5. Promotional Strategy:Pubic Relations 6. Games Session 7. Q&A Session 8. Conclusion 9. The End Manabu Time Promotion the method you use to spread the word about your product or service to customers. the plan for informing, persuading, or reminding the target market about a product. The combination of advertising, personal selling, sales promotion and public relations. Promotional strategy Advertising What is advertising? Advertising is a form of communication designed to persuade potential customers to choose your product or service over that of a competitor. Afi Time Why advertise? The objective of advertising is to increase your profit by increasing your sales. Advertising aims to: Make your business and product name familiar to the public Create goodwill and build a favourable image. The rules of advertising There are four rules to consider when planning any advertising activity. Aim Target Media Competitors Developing effective advertising Good advertising generally elicits the following four responses: Attention Interest Desire Action Duma Time Commonly used media Stationery Press advertising Television Radio Cinema Online Lukman Time Selling What is selling? Put simply, selling is the exchange of goods or services for an agreed sum of money. Depending on the circumstances, a sales transaction can include one, some or all of the following stages. Prospecting and qualifying – identifying qualified prospects ie: those that are likely to want or need your product or service and can afford to pay for it. Pre-approach – undertaking research about prospects to assist in the actual selling process. Approach – making actual contact with the prospect in person, by phone or in writing. Ahmed Time Presentation and demonstration – presenting and demonstrating the features and benefits of your product or service in order to convince the prospect that their want or need can be satisfied. In planning the selling element of your marketing strategy you will need to consider the following: The size and structure of your sales team Recruiting, training, motivating and evaluating individuals The remuneration structure The location/territory to be serviced Management and communication systems Zanetaw time Sales Promotion What is sales promotion? activities that encourage the purchase or sale of a product or service. Sales promotions initiatives are often referred to as “below the line” activities. What are the major sales promotion activities? Sales promotions can be directed at either the customer, sales staff, or distribution channel members (such as retailers). Sales promotion includes several communications activities that attempt to provide added value or incentives to consumers, wholesalers, retailers, or other organizational customers to stimulate immediate sales. Sales promotion is implemented to attract new customers. Here are some typical sales promotion activities: Consumer promotions Business promotions Trade promotions Sales Force Promotions Isan time Public Relations What is public relations? The Public Relations Institute of Australia (PRIA) defines Public Relations (PR) as: “The deliberate, planned and sustained effort to establish and maintain mutual understanding between an organisation (or individual) and its (or their) publics”. Put more simply, public relations is about building good relations with the stakeholders (public) of your business by obtaining favourable publicity, building a good corporate image and handling or heading off unfavourable rumours, stories and events. By building good relationships with your stakeholders, particularly customers, you can generate positive word of mouth and referrals from satisfied customers. Indira time Stakeholders Stakeholders are the various groups in a society which can influence your business’s decision making and have an impact on its marketing performance. These groups include: clients/customers staff shareholders strategic partners media government What are the key steps in implementing public relations? Implementing effective public relations activities requires careful planning. The three major steps : GAMES TIME! "Whisper-Whisper an" Whispering sentences Rules of WWAN : don't say the world loudly (ONLY WHISPERING) if do = the group get eliminated "Guess Motion" guessing word by motion Rules of GM: movement only the delegates cannot speak the word "Any questions?" Last session! Who want to get a beng-beng? nyaam... tell us a brief conclusion about

Promotional Strategy

Transcript: Promotional Strategy It is the method you use to spread the word about your product or service to customers. 4 Types of Promotional Strategy 1. Advertising 2. Selling 3. Sales Promotion 4. Public Relations ADVERTISING What is Advertising? Advertising is a form of communication designed to persuade potential customers to choose your product or service over that of a competitor. It should be a planned, consistent activity that keeps the name of your business and the benefits of your products or services uppermost in the mind of the consumer. Why advertise? Make your business and product name familiar to the public Create goodwill and build a favorable image Educate and inform the public Offer specific products or services Attract customers to find out more about your product or service Rules of Advertising Aim - What is the primary purpose of the advertisement? Target - Who is the target? From which sector of the public are you trying to achieve a response? Media – Bearing the aim and target in mind, which of the media available to you is the most suitable Competitors – What are your competitors doing? Which media channel do they use? Good advertising generally elicits the following four responses: ATTENTION INTEREST DESIRE ACTION Commonly used media Stationery Stationery, which includes letterheads, envelopes and business cards, is a means by which your business image or “name identification” is projected. Window display or office front The external presentation of your business office or shop is one of the principal ways of establishing your business image. Press advertising This is a commonly used form of general advertising and includes advertising in all press such as newspapers, magazines and journals. Radio Radio is considered by many advertisers as an ideal medium due to its ability to reach specific target groups Most radio stations offer packages which include production and extension of your radio campaign through their websites. Television Television is a powerful advertising medium because it creates impact through sight, sound and movement Direct mail This is a broad category covering direct communication with the consumer through email, post or fax. It can include newsletters, catalogues and letters. Outdoor This is any type of advertising which is done outdoors, including static advertising such as billboards, backs of street benches and bus shelters or mobile advertising displayed on buses, trains, taxis or towed signage. Ambient Refers to any form of advertising that occurs in a non-standard medium outside the home, and usually where your consumers are likely to be. Cinema You can purchase cinema advertising by individual cinemas or screens for a set amount of screenings or “runs”. Point of Sale Advertising at the point where the consumer makes a purchase decision Online The options for online advertising continue to grow rapidly. They include advertising on your website, advertising on other websites, creating links to your website from other websites, publishing blogs, offering online product games, social networks and forums. Directory listings Many consumers use business directories to find a supplier. SELLING Prospecting and qualifying – identifying qualified prospects Pre-approach – undertaking research about prospects to assist in the actual selling process. Approach – making actual contact with the prospect Presentation and demonstration – presenting and demonstrating the features and benefits of your product or service in order to convince the prospect that their want or need can be satisfied. Handling objections – demonstrating the product or service value to overcome real or perceived objections or misunderstandings that are impeding the purchase decision. Closing – bringing the selling process to a successful conclusion by either asking for the order or responding to a positive decision from the prospect. Follow-up – proactive or reactive contact with the purchaser to establish their satisfaction level and to address any problems that may exist. In planning the selling element of your marketing strategy you will need to consider the following: The size and structure of your sales team Recruiting, training, motivating and evaluating individuals and the team as a whole The remuneration structure The location/territory to be serviced Management and communication systems Sales Promotion What is Sales Promotion? Sales promotion relates to short term incentives or activities that encourage the purchase or sale of a product or service. Sales promotions initiatives are often referred to as “below the line” activities. What are the major sales promotion activities? Consumer Promotions - final buyers Business Promotions - business customers Trade Promotions - retailers / wholesalers Sale Force Promotions - members of the sale force Consumer promotions Point of purchase display material In-store demonstrations, samplings and celebrity appearances Competitions, coupons, sweepstakes and games

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