120 likes | 248 Views
5.01 Identify the role of promotion. Promotion . Any form of communication a business or organization uses to encourage customers to purchase products and improve its public image. For example: Harris Teeter sponsors a little baseball team by purchasing new uniforms and equipment.
E N D
Promotion • Any form of communication a business or organization uses to encourage customers to purchase products and improve its public image. • For example: Harris Teeter sponsors a little baseball team by purchasing new uniforms and equipment.
Promotion (con’t) Sports and entertainment organizations use promotion to: • inform target market of a product. • persuade the target market to purchase the product. • remind them continuously of the product.
Promotion (con’t) Examples include: • web sites • autograph sessions • fan festivals • t-shirts give-aways Add other Examples you can think of…
Promotion (con’t) Stadium event promotions are designed to: • facilitate fan participation. • create a cheerful atmosphere.
The most common types of events promotions include: 1. In-stadium promotions which occur inside stadiums or arenas. For example: • lucky seats giveaways • mascot races • football tosses • backstage access at concerts
Walk-in promotions which are received as fans walk inside stadiums and arenas. For example: • T-shirts, hats, visors. • foam hands, pennants, can holders.
Differentiate between institutional and product promotion… Institutional promotion, also called organizational advertising, is designed to: • create a positive image. • establish and maintain goodwill. • may result in an increase in sales of the good or service.
Institutional Promotion Examples include: • NBA Read to Achieve Program • Nike and Reebok basketball camps • Camp Mariah (Mariah Carey) • Daddy’s House (P. Diddy)
Differentiate between institutional and product promotion Product promotion, also referred to as product advertising, is designed to: • stimulate sales of a business, organization, or celebrity’s good or service. • launch new products.
Product Promotion Examples include: • pre-album release listening parties. • a musician promoting release of new single. • Coca-Cola setting up pre-concert promotion booths providing samples of Vanilla Coke.