Promotion and strategy – encouraging experimentation, Marketing Management

Assignment Help:

Experimentation and Sampling:- Promotion and Strategy – Encouraging Experimentation

One of the biggest challenges for a new or recently updated product or brand is getting consumers to try it. Consumers are loyalists when it comes to their shopping habits. Finding a way to get a person to try a new product outside his or her comfort zone can be difficult, and multiple experimental approaches may be employed by the marketing and advertising teams to facilitate this switch. Integration of these different marketing tools into a streamlined process that adequately reaches the target audience while keeping costs low is referred to as integrated marketing communications (Drewniany and Jewler 276). Integrated marketing communications can include a very wide variety of techniques. The main concern with all of the different approaches is getting the consumer to try something new with the hope that he or she will make a permanent switch.

One of the most common techniques to facilitate this switch in consumer preference and generate new interest in a product or brand is sales promotion. There are many advantages to this type of approach. There is almost always a positive consumer response to sales promotions, which yields an increase in sales. So many different types of sales promotions exist that companies can usually target an exact consumer demographic by choosing the right type of promotion. For example, if a clothing company wants to generate return sales, they will choose a sales promotion that draws the consumer back after the initial purchase. One of the most popular examples of this type of marketing strategy is the reward dollar promotion. For every $50 spent, a $25 reward is earned. The reward cannot be used immediately and is only valid on a return visit during a specified time frame. This is an extremely effective sales promotion because it draws consumers in to buy items twice. The ultimate goal of this promotion is to create a loyal customer base; after two successful shopping trips, the consumer has experimented enough with the clothing to continue to shop this particular brand even at regular prices. This is only one type of sales promotion.

Research should point the advertising team to an effective promotional strategy for its particular product or brand. Properly executed promotional strategy should provide adequate information to the consumer, relate to the current advertisements for the product, and ultimately motivate consumers to purchase the product. Effective advertising should prepare the consumer laying the foundation of brand or product preference. If the advertising has been effective, when marketing researchers pinpoint an effective sales promotion strategy, consumers should feel motivated by the promotion and follow through with a purchase. Advertising has an extremely important role in the effectiveness of the promotional strategy. If advertisements fail to build a strong marketable image for the product, almost any promotional strategy employed will fail to increase sales (Lane, Kleppner, and Russell 443).


Related Discussions:- Promotion and strategy – encouraging experimentation

Marketing plans, Contents of Marketing Plans: ( a)       Executive Su...

Contents of Marketing Plans: ( a)       Executive Summary & Table of Contents: The marketing plan should open with a deep summary of the main goals and recommendations. A ta

What is advertising budget, Q. What is Advertising Budget? Answer:- Qua...

Q. What is Advertising Budget? Answer:- Quantitative appearance of future plan of activities prepared for fix period of time. Advertising budget is a monetary document that sho

small - scale industry products, What pricing strategy would you suggest t...

What pricing strategy would you suggest to a small - Scale Industry Products

Redesigning the remuneration and reward package, The company 2TW manufactur...

The company 2TW manufactures and sells products overall Europe and is organised into dozens of strategic business units (SBUs). SBU managers, who report to regional directors, have

Types of strategies used in international marketing, What are the types of ...

What are the types of strategies used in international marketing? Different types strategies used into international marketing are as follows: To improve an effective global

What is product research in scope of marketing research, What is Product Re...

What is Product Research in scope of Marketing Research? Product Research: Product research is related with the conversion of customer require to tangible product offer.

Explain the product life cycle, Question: The Association of Small & Me...

Question: The Association of Small & Medium Enterprises have sought for your views as Marketing Consultant. You have been asked to advise a small company about its product por

Marketing, How should Shoppers’ Stop develop its demand forecasts?

How should Shoppers’ Stop develop its demand forecasts?

Explain about the telnet in brief, Explain about the Telnet in brief. ...

Explain about the Telnet in brief. Telnet: This is a terminal emulation program for TCP/IP networks as like the Internet. The program of Telnet runs on your computer and

PEST ANALYSIS, Select THREE of the godrej consumer products ltd. SBUs and u...

Select THREE of the godrej consumer products ltd. SBUs and undertake a PEST analysis with regard to its business. Identify products which can be considered for launch by the select

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd