Sales promotion is a blend of marketing activities and promotional items to intensify the efforts of your sales force, induce your intermediaries to stock and sell your products, and persuade your customers to purchase the offering within a specified, limited time period. Why do customers respond to sales promotions? * They have a positive feeling about your brand which is linked to an unconditional stimulus such as a discount * Reinforced reward - in-pack discount voucher and once tried, they keep coming back. * Their attitude changes after trial - repeat purchase. * Foot in the door' technique - sample is tried to gain a larger order. * Salesforce promoting benefits to alter customers perception of the offering. * Price perception - the perceived benchmark by customers. Used by quoting the reference price and sales price to assist the customer to calculate the savings. * Decision-making process - end of isle items trigger recognition to purchase or seeing a machine in a magazine and it reminds them to place an order for a service or part. Type Of Sales Promotion Objectives * Encourages sales force to move slow-moving items * Challenges sales force to locate and qualify new prospects * Set up more store displays * Train more distributor salespeople * Induce wholesalers to carry a new product line * Persuade distributors to promote (push) a brand in their promotional activities * Persuade retailers to give a particular brand shelf space * Encourage retailers to support sales promotion campaigns by carrying...
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