Course Outline: - Planning
Course Outline: - Planning
• Planning
o Positioning
o Setting Objectives
o Benefits
o Strategy
• Promotion
o Promotion mix
o Sales promotion
o Exhibitions
Planning
• Positioning
• Setting Objectives
• Benefits
• Strategy
Positioning
Top of Mind’ Awareness is owning the space
that your product or service occupies
between your potential customer’s ears. That
way, when they’re ready to buy, they think of
your product first.
Creating ‘Top of Mind’ Awareness
PROMOTION MIX
Sales Personal
Promotion Direct Selling
Marketing
Setting the Promotion Mix
Reach Many Buyers, Repeat Message
Advertising Many Times, Impersonal, Expensive
Strategy
Selected
Strategy that Depends Strategy that
Calls for on: Calls for Using
Spending A Lot Type of the Salesforce
on Advertising Product- and Trade
and Consumer Market & Promotion to
Promotion to Product Push the Product
Build Up (Pull) Life-Cycle Through the
Consumer Stage Channels.
Demand.
Factors in Setting Promotion Mix
• Buyer Readiness State
o Awareness
o Liking, Preferences, and Conviction
o Purchase
• Product-Life-Cycle Stage
o Introduction
o Growth
o Mature
o Decline
Setting the Total Promotion Budget
One of the Hardest Marketing Decisions Facing a
Company is How Much to Spend on Promotion.
Percenta
Affordabl ge of
e Sales
Based on Based on a
What the Certain
Objective
Company Competiti
Percentage
-and-Task
Can Afford of Current or
ve-Parity
Based on Forecasted
Based on
Determining Sales
the
Objectives & Competitor’s
Tasks, Then Promotion
Estimating Budget
Costs
Sales promotion
Sales promotion is a marketing communication tool
that offer sales-related incentives to generate a
specific, measurable action or response
Sales Promotional ways
• Coupons, discounts, refunds, rebates,
contests, premiums, gifts, samples, event
marketing, others…
Developing a Sales Promotion Plan
• 1- Identify the Pressure points
• 2-Decide the Budget
• 3- Set Objectives
• 4- Choose Techniques
• 5-Decide Timing
• 6-Test it
• 7-Evalute Test
• 8-Plan full campaign
• 9-Do It
• 10- Evaluate
Sales Promotion
Cut back promotions
Trap
Maintain Promotions
Cut back Higher profits for all Market share goes to our
promotions Firm
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