sales promotion

(noun)

media and non-media marketing communication employed for a pre-determined, limited time to increase consumer demand, stimulate market demand or improve product availability

Related Terms

  • loss leader
  • sales promotion device
  • Aisle interrupters
  • Promotion

Examples of sales promotion in the following topics:

  • Sales Promotion

    • There are two types of sales promotions; consumer and trade.
    • A consumer sales promotion targets the customer while a trade sales promotion focuses on organizational customers that can stimulate immediate sales.
    • Consumers attract the greatest number of sales promotion devices.
    • One of the most common sales promotion techniques involves coupons.
    • Point-of-sale displays are in-store sales promotion techniques.
  • Objectives of a Sales Promotion

    • Sales promotion is one of the many tools used in a retailer's promotional mix.
    • Sales promotion may be referred to as "below the line" or "point of sale. " For example, price reductions at the cash register or complimentary gifts with purchases all fall under sales promotional tactics.
    • Sales promotions can be directed to consumers, sales employees, or other retailers.
    • Sales and coupons are some of the most common sales promotion tactics to stimulate interest and encourage consumers to purchase products.
    • The distribution of coupons is a common sales promotion tactic to encourage customer sales.
  • Online Sales Promotion

    • Online sales promotion can create personal relationships, channels of communication, and an exchange of information regarding a product.
    • Online sales promotions are meant to turn site visitors into consumers.
    • Online sales promotions enable you to obtain measurable results.
    • Online sales promotions also enable you to see what the competition is doing.
    • Discuss on line sales promotion as a sales promotion method and relative to personal selling and sales promotion
  • Defining Promotion

    • When assembling a promotional plan, marketers typically employ one or more of the following five promotional subcategories: personal selling, advertising, sales promotion, direct marketing, and publicity (or public relations).
    • The promotional tools used to educate customers and generate sales vary depending on the organization's objective.
    • Print, television, radio, and online advertising can be used to promote all of these activities and drive sales for the organization.
    • Promotional tactics such as reward programs are used by companies to increase sales and customer acquisition.
    • Describe how promotional tools work together to educate consumers and generate sales
  • Promotional Objectives

    • There are three main promotional objectives: inform the market, increase demand, and differentiate a product.
    • The promotion mix is an element of the marketing mix.
    • It includes advertising, public relations, personal sales, and sales promotion .
    • Mediums used for promotion include: the Internet, television, advertisements, special events, endorsements, newspapers, and magazines.
    • Increase demand: These strategies are used during the product life cycle in order to increase sales.
  • Defining Personal Selling

    • Finally, the salesperson must remember to follow up after the sale is made.
    • The sales department would aim to improve the interaction between the customer and the sales facility or mechanism and or salesperson.
    • Marketing and sales differ greatly, but have the same goal.
    • Achieving this goal may involve the sales team using promotional techniques such as advertising, sales promotion, publicity, creating new sales channels, or creating new products.
    • The relatively new field of sales process engineering views "sales" as the output of a larger system, not just as the output of one department.
  • Training Programs

    • Effective training and coaching of a firm's sales force can help it outperform competitors.
    • Apple has been very active in its promotional endeavors.
    • The personal selling may focus initially on developing a relationship with the potential buyer, but it will always ultimately end with an attempt to "close the sale. " It is one of the oldest forms of promotion.
    • Measures other than sales have been integrated to retain highly qualified staff.
    • This can easily be done through weekly meetings, which would be necessary to give employees updates on new products, sales, and promotions.
  • Selling Orientation

    • As opposed to production or product orientation, a sales orientation focuses primarily on the selling and promotion of a particular product.
    • As opposed to production orientation or product orientation, a firm using a sales orientation focuses primarily on the selling and promotion of a particular product.
    • Consequently, this entails simply selling an already existing product and using promotion techniques to attain the highest sales possible.
    • The 1950s and 1960s are known as the sales era, as the guiding philosophy of business at the time was the sales orientation.
    • A marketing orientation centered around sales represented a major milestone in modern business.
  • Identifying Prospects

    • Before closing a sale or launching promotional activities, organizations must first understand the needs, wants, and habits of their target audience.
    • Identifying these prospects or potential customers early in the sales process is key to keeping a company's sales pipeline full.
    • For sales prospecting to be an effective component of integrated marketing communications, organizations implement sales methodologies to qualify and track the conversion rate of sales leads.
    • Likewise, communications including websites, events, public relations, advertising, and social media are all promotional tools helping to drive prospects towards the organization.
    • It can also shorten time to sale.
  • Value of Personal Selling

    • Personal selling minimizes wasted effort, measures marketing ROI better than most tools, promotes sales, and boosts word of mouth marketing.
    • As sales people see the prospect's reaction to a sales approach, they can immediately adjust as needed.
    • Many companies try to control sales costs by compensating sales representatives based on commission only, thereby guaranteeing that salespeople get paid only if they generate sales.
    • Sales people may vary in their willingness to make the desired sales calls each day; to make service calls that do not lead directly to sales; or to use new technology, such as a laptop, e-mail, or the company's Web site.
    • Finally, overzealous sales representatives may tread a thin line between ethical and unethical sales techniques.
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