Sales promotion uses short-term incentives like coupons, rebates, and samples to encourage product purchases. Tools include consumer promotions for customers and business promotions for trade shows. Personal selling uses two-way communication compared to other one-way IMC tools and involves prospecting, presenting, handling objections, and following up. Direct response marketing uses mass media like telemarketing and direct mail in a one-to-one manner by requiring a customer database. Public relations includes press relations and product publicity functions.
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Mark160 Ch12
Sales promotion uses short-term incentives like coupons, rebates, and samples to encourage product purchases. Tools include consumer promotions for customers and business promotions for trade shows. Personal selling uses two-way communication compared to other one-way IMC tools and involves prospecting, presenting, handling objections, and following up. Direct response marketing uses mass media like telemarketing and direct mail in a one-to-one manner by requiring a customer database. Public relations includes press relations and product publicity functions.
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IMC
Push/ Pull/ MIXED?
Advertising Just val Sales Promotion Short term incentives designed by marketers for the purpose of encouraging the purchase of a product.
• Consumer promo tools:
• Samples, coupons, rebates, price packs, premiums, ad specialties, loyalty programs, point-of-purchase displays/demos, and contests/sweepstakes
• Business promo tools:
• conventions/trade shows and sales contests Personal Selling • Involves two way personal communications (compared to other IMC tools that are one-way impersonal) • Organization: • Territorial, Product, Customer types, Outside vs. inside sales, and team selling • Process: • Prospect, pre-approach, approach, present, handle objections, close, follow-up • Relationship Marketing: • Process of creating, maintaining, and enhancing strong, value-laden relationships with customers and other stakeholders. DRM (Direct Respone Marketing) • Mass media marketing in a one-to-one manner. • Requires Database • Forms: • Telemarketing • Direct Mail • Catalogue Marketing • Direct Response TV (order now) PR (Public Relations) • Functions: • Press relations • Product Publicity