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(1) World wide web contains a variety of websites that are created by a certain individual or organization. The domain name (URL) is indicating the location and identity of the website. The website can be hosted on a single server in a single location, but may also be divided across multiple servers around the globe. Websites are formed by pages that contain different amounts of information along with graphics, imagery, colours, audio and video content, etc. Aaker argued that a website may be the most powerful tool for brand building, mostly due to the flexibility to be tailored to the brand requirements and in a good contrast to the customer-brand relationship. Moreover, it can rely on all the internet power to create and reinforce links between …show more content…
Carlsson defined social media as internet related services that people can use for talking, information sharing, and new relationships forging. As example of social media channels stand blogs, podcasts, chat communities, video websites and other social platforms such as Facebook and WeChat. The main benefit of social media is that it is mainly built on content that is generated by users. This means that it can provide infinite ways and opportunities for developing customer services and support. Social media works as an excellent tool for getting close to consumers and fans, although this is not the main purpose for its development. In marketing, social media is best used when combined with other complementary activities. Lately, social media has become an extremely important tool for every company that thrives for brand development, mainly because the consumers become more and more tech-driven relying on content developed by Facebook, YouTube or Twitter. A social network provides brands with tools for creating stronger dialogues between them and the customers. Using such tools are more efficient and also less and less …show more content…
Keller’s definition of sales promotion was as a short incentive that encourages consumers to try or use the product or service. Sales promotion channel is mostly used in consumer markets, particularly immediately after launching a new brand or a new product line. Moreover, it is intensively used in the markets that are already mature and where gaining market share is very limited, leaving promotion channels as the core ways to change consumers’ usage behaviours and to improve brand performances. Sales promotions seek to offer consumers an added value so that consumers are lead to an immediate purchase.
Sales promotion may be described as marketing activities that create added value or incentives that the distributors and sales force may use in order to convince consumers to purchase. This channel can be divided into two different major categories: (1) consumer oriented sales promotion and (2) trade oriented sales promotion. The first kind targets the final consumer and usually relies on offering coupons, samples, discounts, contests, raffles or other kinds of activities that will attract consumers. The second aims to promoted products and services to intermediary: distributors, retailers, wholesalers,
Promotion - This is activities that communicate to the target market of the product, and convinces them to purchase.
Sales Promotions BUS 2201 Principles of Marketing Professor Ogechi Adeola May 24, 2016 Sales promotions are activities that complement an organizations public relation policies, advertising strategies, selling approaches. The sales promotional ideas are often short lived or temporary but can be very effective in boosting sales from new and existing customers for an organization. They are especially effective in weaker economies. Rebates are one type of a sales promotional tool.
Promotion is advertising to potential customers in and effort to create an awareness of your business. It is reasonable to believe that without the ability to advertise a company would have a difficult time generating new customers.
Definition of promotion: Promotion is an act in which marketers introduce their new products and make them popular in market. By selling those on offer like for less price or two pieces of that product for one price. Promotion plays very important role to increase the profit. By promotion, customers are come to know about the value and benefit of the product.
Promotion, one of the 4P’s in the Marketing Mix, is communicating with the customer about a particular product to the customer in such a way that makes the product attractive enough to fulfill a need or want. There are several components, which make up promotion, referred to as integrated marketing communications (IMC). IMC includes advertising, selling, sales promotion, and public relations (Boone & Kurtz, 2013).
Promotion: this is to tell the customers that the products or services that is available by advertising will encourage the customers to buy the products or services by offering promotions. Sales: this provides that the goods and services are suitable to customers that they need or want. This area of department involves making sales. This function helps Sainsbury's to achieve the objectives. The way they manage to do this is by increase their sales so that it increases its market share or market segment.
Promotion: informing the potential customers of the availability of the product, its price and its place
It is important to ensure that the products are always well received in the market. Effective promotion can ensure customers to try and keep the interest of users of products produced or regular users on being satisfied with the quality of the product. The success of promotion can be judge from the quantity of sales.
Promotion. Finally comes promotion - informing the customer on the qualities and advantages of the product so that the potential buyer learns about the product, prefers it to those of the competitors, and has an opportunity to buy it at some place.
Sales promotions offer customers an incentive to buy an item. Sale promotions are promotions such as coupons, percent off, rewards and rebates. Sales promotions can be an important part of building brand equity. Sales promotions can increase sales and attract new customers.
Therefore, sales promotion is essential for this stages. The BMW group can encourage potential consumer to purchase their cars by involves offering short-term incentives. They need run different customer loyalty programs as one of the promotion strategies in major markets. For example, in North America, BMW offers repeat purchasers a USD500, USD1,000 or USD1,500 Loyalty Credit depending on the model of the vehicle (Dudovskiy, 2016). Other than that, the sales promotion is based on the personal selling, public relation and so on. Personal selling is the most traditional way, the staff will direct sell the good to consumers. After that, it includes provide a good customer service after customer purchase it, and directly build a good image for the company. Therefore, the recommendation can be considered sales
Today 's generation is all about social media. It is the new way to have instant connection to thousands all over the world. Today 's company are now doing less traditional television, radio, and print advertisement and more promotion via Twitter, Facebook and/or Instagram. Companies are invested in getting famous people to post pictures or tweet about their products, knowing that, one person can connect with millions with just one post. Over half of the world has access to social media, making them great consumers. Social media benefit marketing by giving the companies the opportunity to learn their audience/consumers, having access to instant feedback and bring awareness to here product.
Social media in marketing is used as an apparatus that builds an identity for a brand and gives awareness that they thought they could have. It does not only respect buyers, but also customer allegiance. Social media is widely-ranged so it can be used in whatever way that best conforms to the strategy and wants of the business. In accordance to the social media marketing report of 2014, a considerable (64%) of marketers use social media for at least 6 hours or more and 41% for 11 hours or more weekly, more importantly nearly (19%) of marketers use up to 20 hours each week on Facebook, Twitter, LinkedIn, Instagram and many more. The report also showed 7 social media platforms that led in 2014 which are Facebook, Twitter, LinkedIn, Google+, Youtube, Pinterest and Instagram.
Since social media users grow larger and larger, many companies take the opportunities of using social media marketing to reach more customers. Companies use social media marketing in order to achieve marketing communication and branding goals. Social media allows companies to see what prospects are saying about their brands and competitors. It also allows companies to build deeper relationships with existing customers that drives them to purchase again and again. Not only it can help them generate new leads, but it allows them to build deeper relationships with existing clients that drives them to purchase again and again. It has become common for businesses to branch out and experiment with multiple networks with the aim of reaching the maximum amount of costumers.
The first advantage of using social media in business is increasing brand awareness. Social media can help business to build their brand awareness by increasing interactions with a business brand. Brand awareness means the total percent of a target people who know the company exists and what the company offers of products or services. When the brand awareness is increased, the possibility of buying is increased. Thus, efforts should be made to make the brand a part of the consciousness of customers. For example, Coca- Cola is one of the best companies that enjoy unusual...