Monday, June 17, 2019
Marketing communications Essay Example | Topics and Well Written Essays - 3000 words
Marketing communications - Essay Example advertising using these mediums has changed perspectives of brands in our minds. Further more(prenominal), marketing diaphysiss such as aiming below-the-line marketing, direct marketing, personal selling, door-to-door selling are now being used to sell customized products to the customers just like the way they want it. Now customers roll in the hay also enjoy the luxuries just by a click of a mouse or a remote on a TV to fink online, order through the phone or book products through telemarketing.A company can use many different mediums of communicating their intended capacity 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 effective Marketing (Promotion) Mix. The Promotions Mix is the specific mix of advertising, personal selling, gross sales promotion, public relations, and direct marketing that an organization uses to pursue its marketing objectives. The promotional mix itself is leave 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 consider the relative strengths and weaknesses of each component/tool of the promotional mix in deciding... Typical advertising media include Yellow Pages, local newspapers, radio, television advertisements, trade journals, exhibitions and websites.The advantage of advertising is that it can reach a large 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 existence (by consistently repeating key messages)Dramatizes company/brandBuilds brand imageThe disadvantages can be its impersonal outlook lack of direct feedback (one-way communication) As mentioned earl ier it is expensive Personal selling Personal selling is a very effective potpourri of promotion since it allows customization according to the needs of the customers. For example it can be a presentation by a companys sales force for the purpose of making sales and building 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 commitment Allows for direct and immediate response to customer feedbackDisadvantages are that it is one of the most expensive of the promotional tools both in terms of time and money. But it must be borne in mind that active networking with existing customers, business associations and even suppliers can go an important role in promoting the business to a wider target audience.Sales promotion Sales promotion usually constitutes short-term, specific incentives to encourage the purchase or sale of a product or service. A large variety of sales promotion tools can be used such
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