Wednesday, May 8, 2019
Marketing communications Essay Example | Topics and Well Written Essays - 3000 words
Marketing communications - Essay ExampleAdvertising apply these mediums has changed perspectives of brands in our minds. Furthermore, merchandising tools such as aiming below-the-line merchandising, direct marketing, personal selling, door-to-door selling are directly being used to sell customized products to the customers just like the way they want it. Now customers can excessively enjoy the luxuries just by a click of a mouse or a international on a TV to shop online, order finished the phone or book products through telemarketing.A company can use many different mediums of communicating their intended message to the customers as mentioned in the preceding section. However, due to resource shortage, companies do efficient resource allocation which in the marketing world is known as adopting the right Marketing (Promotion) Mix. The Promotions Mix is the specific mix of advertising, personal selling, gross revenue promotion, public relations, and direct marketing that an organ ization uses to pursue its marketing objectives. The promotional mix itself is part of the wider marketing mix it is one of the four Ps of marketing, product, price, and place and of course promotion itself.First and foremost it is important to flip over the relative strengths and weaknesses of each component/tool of the promotional mix in deciding... Typical advertising media implicate Yellow Pages, local newspapers, radio, television advertisements, trade journals, exhibitions and websites.The advantage of advertising is that it can reach a giving and geographically dispersed audienceIt has a low cost per exposure, though the overall costs of making advertisements and producing and airing them might be high.Advertising also tends to create brand recognitionReinforces product reality (by consistently repeating key messages)Dramatizes company/brandBuilds brand imageThe disadvantages can be its electroneutral outlook lack of direct feedback (one-way communication) As mentioned e arlier it is expensive Personal selling Personal selling is a very effective form of promotion since it allows customization according to the needs of the customers. For example it can be a presentation by a companys bargains force for the purpose of making sales and mental synthesis customer relationshipsPersonal selling is very effective marketing tool for building customer relationships as personal interaction allows for feedback and adjustments Buyers are more attentive Sales force represents a long-term payload Allows for direct and immediate response to customer feedbackDisadvantages are that it is one of the most expensive of the promotional tools two in terms of time and money. But it must be borne in mind that active networking with be customers, business associations and even suppliers can play an important role in promoting the business to a wider localize audience.Sales promotion Sales promotion usually constitutes short-term, specific incentives to encourage the p urchase or sale of a product or service. A large variety of sales promotion tools can be used such
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