Sales promotion
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Transcript of Sales promotion
SALES PROMOTION
SALES PROMOTION
• Short term incentives to encourage the purchase or sale of a
product or service.
OBJECTIVES OF SALES PROMOTIONS
• To increase sales.
• To introduce a new product.
• To encourage consumers to buy more.
• To encourage consumers to try the product.
• To encourage consumers to buy at off peak times.
• To reward loyal customers by increasing customers time of contact
with the company.
• To increase sales among existing customers.
• To regain former customers.
SALES PROMOTION TOOLS
• Consumer promotion
• Trade promotion
• Business promotion
CONSUMER PROMOTION
Sales promotion tool used to urge short term customer buying or
to enhance long-term customer relationship.
• Sales promotions aimed final consumers and designed to
stimulate consumer purchasing.
• Can be direct to consumer’s home or in-store.
Role:
• To encourage sales.
• To increase usage.
• To increase in frequency of usage.
• To increase off peak sales.
• To encourage sales of slow moving products.
TECHNIQUES OF CONSUMER PROMOTION• Contests
• Coupons
• Point of sale displays
• Samples
• Trade shows
• Loyalty cards
• Rebates (cash refund)
• Prices off
• Bundling
CONTESTS
COUPONS
POINT OF SALE DISPLAYS
LOYALTY CARDS
BUNDLING
PRICES OFF
TRADE PROMOTION
Sales promotion tools used to persuade reseller to carry a brand ,
give it shelf space, promote it in advertising and push it to
consumer.
• Sales promotion designed to gain reseller support and to
improve reseller selling effort.
• Sales promotions aimed at distributors to encourage them to
stock a particular product.
Role of trade promotions:
• To obtain shelf space.
• To develop goodwill.
• To encourage retailers to promote the product.
• To increase the distribution network.
• To encourage sales of slow moving products.
• To assist sales force.
TECHNIQUES OF TRADE PROMOTION
• Discount
• Allowance
DISCOUNT
If distributors makes Rs. 80,000 sales within 2 months then he will get 1.5% discount on billing.
ALLOWANCE
If distributors makes Rs. 3,00,000 sales within 3 months then he will get gift worth Rs. 8,000 to Rs. 10,000
BUSINESS PROMOTION
• Sales promotion tools used to generate business leads,
stimulate purchase, rewards, customers and motivate sales
people.
BUSINESS PROMOTION TOOLS
• Displays
• Sales aids
• Competition
• Meetings and conventions
• Trade shows
• Sales contests
DISPLAYS
TRADE SHOWS
THANK YOU…