Elements Of Promotional Mix

Elements Of Promotional Mix The term mix implies that a companys promotion strategy is focused on more than one element, so the challenge is to integrate these different communication tools in an effective way. Following are different elements: Advertising: Any paid form of non-personal communication of ideas or products in the prim media, i.e. television, the press, posters, cinema, and radio. it possesses strengths and limitations , and should be combined with other promotional tools to form an integrated marketing communications campaign. Media vehicles: Television: Presence in room with set switched on at turn of clock minute to relevant channel, provided that presence in room with set on is for at least 15 consecutive seconds Press: Read or looked at any issue (for at least two minutes) within the publication period (for example, for weeklies, within the last seven days) Posters: traffic past site (including pedestrians) Cinema: Actual cinema admissions Key characteristics: Good for awareness building because it can reach a wide audience quickly. repetition means that a brand positioning concept can be communicated effectively Can be used to aid the sales effort, to legitimize a company and its products The top five advertisers in UK Procter and Gamble COI Communications (UK Govt) Unilever LOreal Golden BT Source: European Marketing Pocket Book2006, Henley-on-Thomas, World Advertising Research canter Ltd. Personal Selling: Personal Selling occurs when the company representative interacts directly with a consumer or prospective consumer to communicate about the good or service. This form of promotion is a far more intimate way to talk to the market. Many organisations relay heavy on personal selling because at times the personal touch can carry more weight than mass media material. In a business-to-business market situations such as at sash UK participating in international trade shows provides an example for sales people at sash o demonstrate their goods, provide a personal touch, and begin to develop crucial relationships with clients. Also, many industrial products and services are too complex or expensive to market effectively in impersonal ways (such as through mass advertising) Another advantage of personal selling is that salespeople are firms eyes and ears in the market place. They learn which competitors are talking to customers, what is being offered, what new rival products are on the way and all sorts of competitors intelligence. Salespeople perform a vital role in the success of firms consumer relationship management system- providing a source of timely and accurate informational input about customers and market. Personal selling has much importance for students because many graduate jobs with marketing background will enter professional sales jobs. The old business adage nothing happens until something is sold translates into many firms placing quite a bit of emphasis on personal selling. Key characteristics: Interactive questions can be answered and objectives overcome Adaptable: presentations can be changed depending upon consumer needs Complex arguments can be developed Relationships can be built because of its personal nature Direct Marketing: Direct Marketing refers to any direct communication to a customer or business recipient that is designed to generate response in the form of an order, and/or a visit to a shop or other place of business for purchase of product. Direct marketing covers a wide array of methods including: Direct mail: Direct mail is sent through the postal service to the recipients house or business address with the purpose of promoting the product and or maintaining ongoing relationships. Direct mail at its best allows close targeting of individuals in a way not possible using mass advertising media. For example, Heinz employs direct mail to target its customers and prospects. Telemarketing: Telemarketing is a marketing communication system where trained specialists use telecommunications and information technologies to conduct marketing and sales activities. For example callers by using their credit cards may book theatre tickets or sports tickets or purchase products online. Catalogue Marketing: Catalogue marketing is the sale of products through catalogues distributed to agents and customers, usually by mail or at stores if the catalogue marketer is the store owner. Catalogue marketing is popular in Europe, with such organisations as Otto Versand and Quelle Schikedanz (Germany), GUS and Next Directory (UK). Key characteristics: Individual targeting of customers most likely to respond to an appeal Communication can be personalized Short term effectiveness can be easily measured A continuous relationship through periodic contact can be built Activities are less visible to competitors Internet promotion: The web gives the marketers to reach customers in a new and exciting way. The promotion of product pr s to consumers and business through electronic media. Online advertising has grown in European Union to â‚ ¬6.8 billion in 2007, having substantially increasing in later years. Specific forms of internet advertising include banners, buttons; pop up ads, search engines and directories and e-mails. Banners: These rectangular graphics at the top or bottom of web pages were the first form of web advertising. Although the effectiveness of banners remains in question (banners now receive less than one percent click -through rate), they still remain most popular form of web-advertising. Buttons: These are small banner type advertisements that a company can place anywhere on a page. Early in the life of the internet, buttons encouraging suffers to Download Netscape Now became a standard on many websites were responsible for much of Netscape early success. Search Engine and Directory Listings: Just as the yellow pages and other directories of advertising media, so too are search engines and other online directory listings. Increasingly, firms are paying search engines for more visible or higher placement on result lists. Pop up Ads: A pop up ad is an advertisement that appears on a screen while a web page is being loaded or after it is loaded. Because the pop up ad will take the centre of the screen while surfers are waiting ti desired page to load, they are difficult to ignore. Because surfers find pop ups nuisance, most internet access software provides an option that blocks all the pop ups. A pop up ad opens in separate browser window. Web advertisers are typically charged only if people actually click through to the ad. E- mail: For advertising, E-mail is becoming as persuasive as radio and television. It is one of the easiest way of communication with customers because marketers can send unsolicited e-mail advertising messages to thousands of users y spamming- sending unsolicited e-mail to five or more people not personally known to sender. Key characteristics: Global reach at the relatively low cost The number of site visits can be measured A dialogue between companies and their consumers and suppliers can be established Convenient form of searching and buying products. Direct sales possible Sales Promotion: Sales Promotion as marketing activities usually specific to a time period, place, or customer group which encourage a direct response from consumers or marketing intermediaries, through the offer of additional benefits. Media and non media communication are employed for a predetermined to increase consumer demand and improve product availability. Types of sales promotions: Non-Standard: Promotions are usually temporary, and may be limited to certain customer groups (such as airline frequent flyer schemes) or specific to a particular distribution channel (as in tailor-made promotions involving a producer and a single retailer. Response Oriented: Promotions seek a direct response from customers, or those who deal with customers on the producers behalf. The direct response sought is not necessarily for a sale. Promotions may encourage customers to send for a brochure, visit a dealer or consume a sample. The ultimate aim is always sales, but this is true of all marketing activity. Benefit Oriented: Promotions offer their targets, additional benefits, beyond the standard marketing mix. The enhanced nix could include extra product, a reduced price or an added item, service or opportunity. Key characteristics: incentives provide quick boost to sales Effects may be only short term Product trial often twinned with a competition Gift Coupons helps to encourage repeat purchases Suitable if push strategy is used Suitable if the product is Expensive Public Relations: Public Relations are the communication function that seeks to build good relationships with an organisations public. These include consumers, stockholders, legislators and other shareholders in the organization. Today marketers use public relations activities to influence the attitudes and perceptions of various groups not only towards companies and brands but also towards politicians, celebrities, and -not-for profit organisations. Public Relation is crucial to an organisations ability to establish and maintain a favourable image. The communication of a product or business by placing information about it in the media without paying for the time or space directly. For example, marketers create and manage publicity; unpaid communication about an organisation that gets media exposure. This strategy helps to create awareness about a product or event, as when a local newspaper reporting on an forthcoming concert feature, an interview with the bands lead guitarist around the time that the tickets go on sale. Some of the Public Relations channels are Newspapers and magazines articles/reports, charitable contributions, press releases, seminars etc. High credible as message comes from a third party Higher readerships than advertisements in trade and technical publications PROMOTIONAL STRATEGY DECISIONS Practising managers faced by a mix of five tactical choices Target: Prudent marketing managers will make sure that their choices are indeed based on carefully considered target audience analysis, drawing as appropriative on the advice of the professional consultancies that have proliferated in all the subdisciples over the last decade. Message: A less obvious tactical consideration is the nature of the promotional message. A simple, brash statement might lend itself to poster advertising, perhaps, while a complex persuasive argument could be accomplished by highly personalised and carefully targeted direct mail shot. Cost: The cost of available promotional option is clearly a key criterion of choice. The facts are easily accessible in practice but no complex and susceptible to change overtime that it would be rash to attempt even a summary here. Measurement: equally clearly prudent managers will be concerned with the scope for the measurement of effectiveness. Ex: Advertising through there is ample scope for debate as to their real worth among experts. Control: The final key factor in deployment describes is the degree of control, the user can exert over the outcome of the initiative. INTEGRATED MARKETING COMMUNICATIONS Integrated marketing communication (IMC) is the process that marketers used to plan, develop, execute and evaluate coordinated, measurable, persuasive brand communication programmes over time about the organisation and its products to targeted audiences. The objective is to position products and organizations clearly and distinctively in the market place. Integrated marketing communications facilitates the process by which this is achieved by sending out consistent messages through all the components of the promotional mix, so that they reinforce one another. As the array of communication media expands there is greater need to coordinate the messages and their execution. This has led to the adoption of integrated marketing communications; by an increasing number of companies. For Example, it means that we site visuals are consistent with the images portrayed in advertising and that the messages conveyed in a directing campaign are in the with those developed by the public relations d epartment. DEVELOPING INTEGRATED MARKETING PLAN Step 1: Identify Target Audiences Step 2: Establish Communication objectives Step 3: Determine and Allocate the marketing communication budget Step 1: To determine who the target market is. Here good customer database is most important. By maintaining the customer database marketers know who their target market as well as the buying behaviour of different segment within the total market. Step 2: To establish communication objectives. The whole point of communicating with customers and prospective customers is to let them know that the organisation has a product to meet their needs in a timely and affordable way. Step 3: Determine and Allocate the marketing communications budget seems to be easy in reality its not that simple. It includes three steps: Determining and allocate the marketing: Most firms rely on two budgeting Techniques top down and bottom up. Top down budgeting techniques: requires top management to establish the overall amount that the organisation allocates for the promotional activities and this amount is then divided among advertisements, public relations and other promotional departments. Most commonly used method of techniques are: Percentage of sales Competitive parity Bottom Up: At the beginning identify promotional goals and allocate enough money to promote them. Most commonly used method: Objective task Deciding the strategy Push Strategy: Push Strategy means that the company wants to move its products by convincing members of the distribution channel such as wholesalers, agents or retailers to offer them and entice their customers to select these items. Ex: Personal selling, Trade advertisements and sales promotions. Pull Strategy: Pull strategy is counting on consumers wanting its products and so convincing retailers to respond to this demand by stocking them. In this case, efforts will focus on media advertising and consumer sales promotion to stimulate interest among end consumers who will pull the product onto shop shelves then onto their shopping baskets. Ex: Procter and Gamble reduced consumer sales promotion spending in the early 19900s when adopting its value pricing strategy. Designing the Promotional mix budget Factors affecting the IMC budget: Organisational Focus Market Potential Market size Step 4: It includes determining the specific communication tools that will be used, what message is to be communicated. Planners must ask how elements of promotional mix can be used most effectively to communicate with different target audiences. The message should focus on Get attention Hold Interest create desire Product action Step 5: The final step in marketing communications is to decide whether the plan is working. The marketer needs to determine whether the communication objectives are adequately translated into marketing communications that are reaching the right target audiences. PERSONAL APPEALS The most immediate way for a marketer to make contact with customer is simply to tell them how wonderful the product is. This part of the personal selling element of the promotional mix we mentioned previously. It is the direct interaction between the company representative and consumer that occur in personal or by phone or even over interactive computer link. Personal appeals can be tremendously effect, especially for expensive and complicated consumer items such as computers or cars and for industrial products where human touch is essential. MASS APPEALS The other pieces of the promotional mix are those messages which are intended to reach many perspective consumers at the same time which are impersonal and the lack of human touch. Examples of mass appeals advertising, Sales promotion and public relations. BUZZ APPEALS Many marketers are starting to figure out that they must find alternatives to traditional advertising. Especially young consumers are very cynical about the efforts of big corporations to buy their allegiance. Types of Buzz Appeals: Word of Mouth: Giving people a reason to talk about your products and services and making it easier for that conversation to take place. Ex: Burger king and Nike Buzz Marketing: Using high- profile entertainment or news to get people to talk about your brand. Ex; Puma, Procter and Gamble. Viral Marketing: Creating entertaining or informative messages that are designed to be passed along in an exponential fashion, often electronically or by e-mail. Ex: Microsoft and Nestle. Guerrilla Marketing: The concept of Guerrilla marketing was invented as an unconventional system of promotions that relies on time, energy and imagination rather than a big marketing budget. The objective of Guerrilla marketing is to create a unique, engaging and thought provoking concept to generate buzz, and consequently turn viral. It is specifically geared for small business and entrepreneurs. CONCLUSION One golden rule of promotions management is that over use of any technique will blunt its effectives. Innovation and creativity are key success factors, and recent advances in packaging and information technology have provided many exciting new ways to offer customers extra benefits. The implications for marketing management of the boom in promotions are becoming increasingly clear. In todays competitive market place the professional management of promotion has become a matter of life and death for an ever growing number of brands. INTRODUCTION Promotion is one of the four elements of marketing mix (product, price, place, promotion). It is the communication link between the buyers and sellers for the purpose of informing, influencing, or persuading a potential buyers purchasing decision. Types of promotion Above the line promotion: Promotion in the media. For example (television, radio, newspapers, internet) Below the line promotion: All the other promotion, much of this is intended to be suitable enough for the consumer to be unaware that promotion is taking place. For example (direct mail, sponsorship, public relations) The specification of these elements creates a promotional mix. These elements are advertising, personal selling, direct marketing, sales promotion, public relations. A promotional mix has wide range of objectives i.e. new product acceptance, sales to be increased, positioning, creation of brand equity and creation of corporate image.

Madness and Insanity in Shakespeares Hamlet - The Pretended Madness of Hamlet :: Essays on Shakespeare Hamlet

The Pretended Madness of Hamlet Hamlet, knowing that he will get into difficulty, needs to feign madness for the purpose of carrying out his mission. He rehearses his pretended madnesss first with Ophelia, for even if he should fail there in his act of simulation, that failure will not cause him any real harm. The manifestations of insanity that Hamlet will show become predictable - a sure sign that it is a simulated and not a real insanity. When Hamlet is with a trustworthy friend, he is rational and symptom-free; as soon as those persons appear, however, whom he wants to convince that he is mad, he changes his behavior so as to implant different explanations in their minds for his noticeable irrational behavior. With Rosencrantz and Guildenstern, he makes believe that the reason for it is frustrated ambition; with the Queen and King, that it is their marriage that has upset him; and with Polonius and Ophelia, that it is frustrated love that has driven him mad. These rapid and clumsy changes from rational speech with those he trusts to irrational conversation with those whom he wishes to impress are strong evidence of fraud. In a character profile which I read by Max Huhner who has published several literary essays, Huhner reduces the problem of Hamlet to one factor, of the sort that Freud conceptualized as "secondary gain in mental disease." Hamlet, says Huhner, "could not hold his tongue or keep a secret, and was therefore entirely unfitted for diplomatic work. In a sense his feigning insanity was his sole avenue of safety." It is along these same lines that I have tried to prove the reasonableness of Hamlet's cruel dealings with Rosencrantz and Guildenstern, justifying on grounds of practical necessity and the desire to avoid risks the fact Hamlet arranged their execution without heir having had a chance to receive the assistance of the Church. I could summarize my own character analysis of Hamlet as essentially a picture of an impractical man, who has nevertheless proceeded with optimal effect under existing external and internal conditions.

Learning and Student Code Essay

The Student Code of Conduct and the Student Code of Academic Integrity were both very informative. In the Student Code of Conduct, there was no information that I can say that I found very shocking. All of the rules that are listed in the Student Code of Conduct, seem to be in place to ensure that students will be able to learn and work in a safe and productive environment. In the Student Code of Academic Integrity, there was also nothing that I can say that I found necessarily surprising. In a learning environment, us as students should be expected to rely on our own academic abilities, and submit work that is our own. What did you learn about the behaviors considered important for an ethical learner or student in the University of Phoenix learning community? Each student has their own unique set of ethics, principals and rules, which help us to determine the choices that we will make in life as well as during our learning experience. I learned that the way that each of us learn and react to different situations, can be from a variety of many different things. For example, our DNA, upbringing, as well as the communities in which we grew up in play a vital role in our decision making process and the ethical choices that we decide to make. At the University of Phoenix, it is important that each member follow the ethical standards, to ensure that every student is safe and treated with respect. Why are the Student Code of Conduct and Student Code of Academic Integrity important to you and the University of Phoenix learning community? The Student Code of Conduct and the Student Code of Academic Integrity are both very Important resources to being a productive member of the University of Phoenix Learning Community. The Student Code of Conduct is designed to ensure that students are aware of what is expected of them and focuses on the behaviors that will guarantee that each student is safe and treated with respect, and able to learn in a productive environment. The student code of Academic Integrity is very important as a student and contributor to the University of Phoenix learning community. The Code of Academic Integrity teaches students the importance of relying own their own learning abilities and thoughts when completing assignments and coursework.

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