Lesson 6 Alcala and Quinto
Lesson 6 Alcala and Quinto
Lesson 6 Alcala and Quinto
2. Interest. Product awareness does not always lead to a sale. Marketers must
gain the consumers' interest. Advertisements should communicate the bencfts
of the product to let people know what's in it for them if they purchase the
product.
AIDA concept and the
promotional mix
Disvantages of Advertising
Even though advertisements seem like a cost-effective way to reach a large audience, the overall cost to
• produce and run advertisements in various types of media can be very expensive.
•advertising can attract consumers interest initially, it can become stale over time, causing consumers to
block it.
•just due to the sheer volume of advertisements, which is referred to as advertising clutter, consumers
have a tendency to tune out
Public Relations and Publicity
When the release of a new product becomes the topic of big news, it can be
worth millions of dollars in free publicity.
Third party media outlets, not the company, have control over what LISTEN
The biggest disadvantage of public relations is the lack of control is said
about the company or product.
Personal selling and
Sales Promotion
Personal Selling
is face-to-face communication between the buyer and seller that
attempts to influence the buying decision.
Steps in the Sales Process
Generate Sales Leads
Approach Customers
Determine customers needs
Present the product
Overcome objections
Close the sale
Follow up
Sales Promotion
involves the use of marketing activities that provide extra value and
buying incentives for customers. Common types of sales promotions
include price discounts, coupons, rebates, giveaways, contests,
sweepstakes, product displays, free product samples, and loyalty
marketing programs
Reasons for Sales Promotions
Sales promotion tries to influence consumers
behavior by giving them an incentive to make an
immediate purchase. Sales promotions can be
used to introduce a new product, increase short-
term consumer demand, strengthen brand
loyalty, and influence consumer behavior.
Advantages and Disadvantages of
Sales Promotion
They result in short-term sales that can increase a business's
revenue. These sales can lead to loyal customers.
Although generating short-term sales is an advantage of sales
promotion, it is also a disadvantage. Sales will decrease when the
promotion ends, and there is no guarantee that customers will
return. Customers may shift their loyalty to products associated
with other special promotions.
Other Types of Promotion
Product Placement
Endorsements
Celebrity Endorsements
Endorsement Considerations
Word-of-Mouth Promotion
Direct Marketing
Visual Merchandising
For a retail business, visual merchandising is an important part of
promoting the sale of products. Visual merchandising is the process or
displaying product in a way that makes them appealing and enticing to
customers.