Your contribution can guide someone’s learning journey. Share your
documents today.
ADVERTISING AND PROMOTION
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Below the line promotion techniques and use of these techniques to integrated promotion strategy Some of important below the line promotional techniques are as follows. Door to door selling-In this method product is sold house to house by a salesman. But this technique is not very effective because people are busy in their house and they does not pay so much attention on this sort of marketing. Coupons-Under this technique people receive a coupon on purchase of a product and by submitting that coupon to the shopkeeper they can receive a benefits. Hence, this method is quite popular among all sales promotion techniques. Rebates-This is traditional and most popular technique in which on making purchase buyer gets a some amount of discount. Thus, this technique is most powerful tool of attracting people towards store for making purchase of the product. Hence, this technique is widely used by the retailers for quick selling their products in festive seasons.
Continue Loyalty programs-Like discount this is also a popular method of enhancing customer base. By introducing such kind of programs companies trying to build loyal customer base. This tool is commonly used in retail industry where competition is intense. Sponsorship-By using this technique firm do branding of its name and make its product popular among the customers. The main benefit that a company reap by using this technique is that memory retention value in case of this technique is very among the customers.
Continue Westfield can use this technique in its integrated promotion strategy. First of all it requires to determine an amount up top which it can spent for adverting its product. After determination of an amount Westfield will require to estimate an amount that it requires to invest in each and every below the line promotion strategy mentioned above other then door to door selling. Sponsorship is too costly and if it can not afford this it can use coupon rebate and loyalty programs for selling its product. It will allocate entire amount among these three mention below the line promotion techniques. In this all these techniques will be used in an integrated promotion strategy of Westfield.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Honorable, board of directors and stakeholders. Loyalty programs, coupons and rebates are taken in to Westfield integrated promotion strategy and sponsorship is kept as option. In order to start loyalty programs some schemes will be started under which buyers will get a points and in long term they will get benefits of these points. Apart from this, rebate schemes will also get started under which on meeting certain conditions rebate will be given to the buyers. Coupon is another technique which will be used in order to motivate customers to made purchase of the product. Lucky buyers will get a coupon and will get some special benefits. In this way, these measures will increase revenue level of an organization.
Other techniques of below-the-line promotion and use of mobile marketing and its impact on integrated promotion strategy in future Other below the line promotion techniques area as follows. Promotional pricing-Under this method by changing price of the products companies tries to increase sales of its products. In other words it can be said that by reducing price of the product company try to increase sale of its product. This method is a very effective and due to this reason this methods is widely used by the firms for pushing sales of thew product. Free sampling-This method is used when company is going to sell some new and innovative product. By distributing free samplesfirms initiatewordofmouthmarketingoftheirproduct.Hence,this techniques is very effective for sale of new product. Demonstrations-Demonstration as a below the line technique is used in case of electronic products and garments. Through demonstration and explaining a product a broad understanding about the company product is created among target customers. In this way, company identify preference of the people and sale its product to the target customers.
Continue Today,mobilemarketing isgettingpopularamongnew mediumsof advertisingaproduct.Insurveydonebyamarketingresearch companies like Nielsen it has been find out that people spend a lot of time on mobile by playing a games and social media. Hence, mobile is emergingasamodernmethodforsellingaproducttothetarget customers. In order to use mobile marketing companies simply requires to develop their own applications. In order to ensure that more and more people download these apps money as a motivating factor is used. In other words, it can be said that on download of app an individual get some money. In this way companies reached to mass audience. On use these apps if people feel some sort of benefits then they also become loyal customer of the firm product. Westfield can develop its own app and through its app it can communicate attractive offers that are on its shopping mall. In this way it will be able to increase its revenue on which it is facing lots of issues.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Continue In future mobile marketing will be integral part of integrated promotional strategy. This is people spends a lot of time on their mobiles by opening web pages, playing games and operating social media. Moreover, people are always interested in using new apps. Due to these reasons, mobile marketing will be integral part of integrated promotion strategy and it will play a decisive role in success of the company integrated promotion strategy. Hence, Westfield must use this technique and by using analytic s techniques must enhance sale of its products.
References Jones, J. P., 2006.When ads work: New proof that advertising triggers sales. ME Sharpe. Kazmi, S. H. H. and Batra, S. K., 2009.Advertising and sales Promotion. Excel Books India. Kwok, S. and Uncles, M., 2005. Sales promotion effectiveness: the impact of consumer differences at an ethnic-group level.Journal of Product & Brand Management.14(3). pp. 170-186. O’Guinn, T., et.al., 2014.Advertising and integrated brand promotion. Cengage Learning. Pauwels, K., et.al. 2004. New products, sales promotions, and firm value: The case of the automobile industry.Journal of marketing.68(4) .pp. 142-156. Ronald, L. W., 2008.Kleppner's advertising procedure. Pearson Education India. Rossiter, J. R. and Bellman, S., 2005.Marketing communications: Theory and applications. Prentice- Hall. Schudson, M., 2013.Advertising, The Uneasy Persuasion (RLE Advertising): Its Dubious Impact on American Society. Routledge.