Describe The Importance Of Advertising

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Advertisement is important to companies because it influences consumer behavior. In “today’s wireless world”, especially in developed countries like America, people could sit in the confinement of their homes and still get bombarded with the awareness of different products in the market. Effective advertising techniques such as Bandwagon, Bribery, and Testimonial, promote "an upward trend in sales and profit margins" of products. I will explain how this works. First, Bandwagon advertising techniques promotes sales because this technique of advertisement tries to win the interest of the consumer by applying group mentality like, “if everybody is doing it, you should too”. This old trick persuades the consumer to go with the crowd so as not …show more content…

Another method of popularity appeal that the Bandwagon technique applies is the use of popular athletes or well-known starts to advertise their products, a good example is Pepsi’s advertisement. In one of Pepsi’s adverts, they made use of Lionel Messi, a popular number 10 Argentinian Soccer player who is well loved by a majority of soccer fans. Pepsi also used Didier Drogba, who is another popular Soccer in the advertising their soft drinks. This method of advertisement which Pepsi employs draws the attention of Soccer fans towards the soft-drink and thereby not just promoting the selling of the product, but also creating the awareness that Pepsi is still so much in existence and waxing strong. In addition to Wining the Crowd” method of advertisement which the Bandwagon Technique utilizes, it also employs other methods such as: The …show more content…

This method promises to offer the consumers something extra for their purchases, according to the web definition, it is the “bribery of a purchasing agent in order to induce the agent to enter into a transaction”. Example of such advertisement is “buy one, get one free” Consumers by nature are greedy, and often expect something extra after their purchases, hence this advert technique yields good results and improves sales. The Bribery technique is most common during the end of the year sales or seasonal sales, when manufacturers or markets want to increase sales and dispose of old stocks so as to create rooms for new products. This technique can be tricky if the consumer is not vigilant enough. Therefore, a consumer should consider what that “something extra” is, if extra thing is worth the price, and if it will be useful before committing him/herself. He should always remember the old adage of “no free lunch”. The Burger King’s Mix & Match advertisement of “2 for $5” is a good example of the Bribery

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