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Introduction
Sales promotion is one of the seven aspects of the promotional mix. Incentives aimed at consumers, distributors, or the sales force to immediately stimulate sales.
Involves the use of media and non media marketing pressure applied for a predetermined, limited period of time.
Sales promotion makes an immediate effect on sales Sales promotion describes promotional method using special short term techniques Now a days sales promotion is an essential tool to boot sales.
Definition
It aims at stimulating consumer purchasing at the point of sale Provides more sales & profit to producer & dealer Cant Build brand loyalty
Increase product usage
For encouraging dealer to buy more/to place bigger order For attracting more customer to purchase a specific product
Providing Information
Trade promotion:Marketing campaign directed at wholesalers or retailers rather than at final consumers. In a trade promotion, wholesalers and/or retailers are offered special price discounts (often in addition to a trade allowance), subsidized or free display racks, or stands, gifts, or other incentives.
Buyback allowance
Monetary incentive can be provided for over & above deal in proportion to the purchase made
Free goods
The intermediary who purchase specific quantity may be offered free merchandise
Dealer loader
They include window display, wall display, display racks,etc in the store
CONSUMER PROMOTION
Actions intended to convince individuals to purchase a good or service. A typical business will only offer a consumer promotion like a reduced price, free sample or bonus offer for a short period in order to stimulate demand for and awareness of the product being promoted.
Coupons:
A discount coupon can be distributed, pasted on the product.
Trade show:
A group of retailer/ manufacturers can conduct trade show to make customer aware of product