Marketing Management: Mahtab Alam Assistant Professor Management & Commerce Department
Marketing Management: Mahtab Alam Assistant Professor Management & Commerce Department
STUDIES
MARKETING
MANAGEMENT
MAHTAB ALAM
Assistant Professor
Management & Commerce Department
Programme BBA(G) BBA(B&I)
Paper ID 17205 18205
Paper Code BBA205 B&I 205
Semester IIIrd Sem IIIrd Sem
Credit 04 04
Marks Internal :25 Internal :25
External:75 External:75
Suggested Readings:
S.No Book Name Author Book Publisher Cos
Category
1 Principles of Kotler & Text Pearson 525
Marketing Armstrong Education
2 Marketing T.N Others Dhanpat 210
Management Chhabra Rai & Co.
3 Marketing C.N Others Kalyani 295
Management Sontakki Publisher
UNIT-IV
Promotion
Introduction
Meaning of promotion:
Meaning: Promotions refer to the entire set of
activities, which communicate the product, brand or
service to the user. The idea is to make people aware,
attract and induce to buy the product, in preference
over others
Definition:
“A company’s total marketing communications mix, or
promotion mix, consists of the specific blend of
advertising, personal selling, sales promotion, and public
relations tools that the company uses to pursue its
advertising and marketing objectives”
------Philip Kotler-----
Promotion Mix
The Promotion Mix is the integration of
Advertising, Personal Selling, Sales Promotion,
Public Relations and Direct Marketing. The
marketers need to view the following
questions in order to have a balanced blend
of these promotional tools.
Benefits to Society
Provides employment
Promotes Standard of living
Awareness in society
Source of income for press & media
Criticism of Advertising
◦ Selective Competitive
Advertisement
◦ Reminder
Advertisement
Institutional Advertisement
HERO MotoCorp, Reliance, Dabur etc.
https://www.youtube.com/watch?v=gMuHE_liLnE
Comparative Advertisement
Shortage Advertisement
Co-operative Advertisement
Commercial Advertisements :
◦ Consumer
Advertisement
◦ Industrial
Advertisement
◦ Trade
Advertisement
◦ Professional
Advertisement
◦ Farm Advertisement
Non-Commercial Advertisement
Media of Advertising
Press Advertising or Print Media
◦ Newspaper Advertising
◦ Magazine Advertising
Film Advertising
Television Advertising
Fevicol Advertisement (Humorous appeal)
https://bit.ly/3pUh3EZ
Meaning
Sales promotion is a marketing strategy where the
product is promoted using short-term attractive
initiatives to stimulate its demand and increase
its sales. Sales promotion is the process
of persuading a potential customer to buy the
product. Sales promotion gives incentive to buy.
Definition
“Sales promotion consists of a diverse collection of
incentive tools, mostly short term, designed to
stimulate quicker or greater purchase of particular
products or services by consumers or the trade”.
---Philip Kotler---
Features of Sales Promotion
Short Term
Incentive Tools
Quicker Response
Non recurrent in nature
Target Consumer, Traders & Sales force
Customer excitement
Sales increment techniques
Objectives of Sales Promotion
Advantages of Sales Promotion
Attracting attention
Highlighting utility of the product.
Demand stimulation of new product
Product differentiation
Synergy in promotional activities
Stabilization of Sales volume
Performance appraisal or Marketing Control
Disadvantages of Sales Promotion
No real incentives
Shoddy products are passed off
Short term perspective
Mostly switches the demand
Reflection of crisis
Time consuming & expensive
Types of Sales Promotion
Techniques
Consumer Sales Promotion Techniques
Discount Coupons
Exchange Offer
Finance Schemes
Contests
Dealer Sales Promotion Techniques
Incentives
Bonus
Prize Contests
Recognition Contests
Foreign Delegation in conferences or
Trade meets.
Increments
Promotions
Major Decisions in Sales Promotions
Establishing Objectives (Trial Purchase, Large
Quantity sale, Branding, Off season buying)
Selecting the Tools of Sales Promotion
◦ Consumer Sales Promotion
◦ Dealer Sales Promotion
◦ Salesforce Sales Promotion
Developing the Programme
◦ Size/Quantity
◦ Duration
◦ Condition
◦ Timings
◦ Budget
Pretesting the Programme
Implementing and Controlling the Programme
Evaluating results
Meaning & Definition
“Personal Selling is the process of two way
communication between seller and prospective buyer
with the purpose of selling product or service at a
profit to seller and benefit to buyer. It is an art to
persuade probable customer for buying decision”.
Key points:-
Buyer & Seller.
Two way communication.
Purpose to sell.
Profit to seller & benefit to buyer.
An art of persuading.
Objectives of Personal Selling
Creation of Demand
Educating Customers
Handling Customer objections
Exploring Hidden words
Building relationships
Source of Feedback
Personal Touch with Professionalism
Process of Personal Selling
Prospects—Identifying & Qualifying
Presentation & Demonstration
Handling objections
Closing the sales
Follow-up
Importance of Personal Selling
• Benefits to Society
• Benefits to Company
• Benefits to Consumers
• Benefits to Sales Force
• Benefits to Marketing Department
Outside/Field selling
Across the counter selling
Types of Personal selling
Transactional Selling
(One Time Selling)
Relationship Selling
(Believe in Long
Term Relationships
Personal Selling Meeting Dealers for Sales meetings Meeting Consumers for Sales meetings