- 1 hours
- Social and Emotional Skills
5Schedule 05/18/22 08:00 AM Promotional Mix The Promotional Mix is part of the Marketing Mix. It consists of advertising, sales, public relations, personal selling and direct marketing. A promotional mix should be designed in a way that informs the target market about the values and benefits of the product or service being offered. This lesson requires https://teacheverywhere.org/activity/promotional-mix/Print
The Promotional Mix is part of the Marketing Mix. It consists of advertising, sales, public relations, personal selling and direct marketing. A promotional mix should be designed in a way that informs the target market about the values and benefits of the product or service being offered. This lesson requires your students to consider a target market and how it prefers to be communicated with. Additionally, your students, while developing a promotional mix, will need to assess which forms of promotion best suit the product or service being offered.
- The promotional mix is the blend of several promotional tools used by a business to create, maintain, and increase the demand for a good, service, or business.
- Promotion focuses on creating awareness and persuading potential customers to purchase. The tools that facilitate the promotion objective are collectively known as the Promotion Mix. It includes Advertising, Personal Selling, Sales Promotion, Public Relations, and Direct Marketing. Marketers need to answer the following questions to have a balanced blend of these promotional tools:
- What is the most effective way to inform the customers?
- Which marketing methods should be used?
- To whom are the promotion efforts be directed?
- What is the marketing budget? How is it to be allocated to the promotional tools?
- Today, you will be developing a promotional mix for a product/service/company.
Social and Emotional Skills
- In this activity, students will practice the skills within the Responsible Decision-Making competency. Students learn about the promotional mix and how companies use various means to connect with their customers. Students will use their knowledge to “analyze situations” for an existing company of how they connect with customers and engage in “problem-solving” as they craft a recommendation. Through the debrief, students can “evaluate” the recommendations of their peers and offer constructive feedback.
- Students will also demonstrate skills of the Social Awareness competency, as they must “empathize” with both the company they are analyzing and their goals, as well as its target consumer. This requires “perspective-taking” and understanding how the target customer may view different actions positively or negatively. Through the debrief and potential constructive feedback offered by peers, it is critical that students are displaying “respect for others” in how they engage with each other during this time.
- Determine if you want students to complete the Promotional Mix independently or in small groups. If using groups, you may want to utilize a virtual meeting platform that has breakout room functionality for students to work together.
- Review the graphic organizer and adjust the format to allow students to type within the document.
- You may need to spend time discussing marketing mix, promotional mix, and target market prior to assigning the promotional mix. See BACKGROUND KNOWLEDGE below for promotional mix tools and factors affecting the Promotional Mix.
- Protip: If you are crunched on time, share this information ahead of time with your students before they join your virtual session.
- Decide how you would like students to respond to any of the debrief questions after they complete the activity.
- Post the activity to your classroom for students to access and complete or set up a collaborative virtual session to walk through the activity with students.
Promotional Mix Tools
- Advertising – Advertising is any paid form of non-personal promotion of goods and services by the identified sponsor. Through advertising, the marketer tries to build a pull strategy; wherein the customer is instigated to try the product at least once. The complete information along with attractive graphics of the product/service can be shown to the customers to grab their attention and influence the purchasing decision. Good advertising can build a solid brand for the company. On the other hand, bad advertising with the wrong message can cause the brand or product to fail.
- Personal Selling – One of the traditional forms of promotion where the salesman interacts with the customer directly. It is face to face between the company representative and the customer with the objective to influence the customer to purchase the product/service. This promotional tool is considered to be one of the most expensive forms of promotion. It is also considered to be the most successful because the seller-buyer relationship can be created and developed.
- Sales Promotion – Sales promotions are the short-term incentives given to the customers to have an increased sale for a given period. Sales promotions are one of the most common types of promotions used by companies and, generally, are floating in the market at the end of seasons or during holidays. Discounts, coupons, rebate offers, freebies, etc. are some examples of sales promotions. The company focuses on the increased short-term profits by attracting both the existing customer as well as new customers.
- Public Relations – Marketers try to build a favorable image in the market by creating relations with the general public. The public consists of customers, employees, supplies, distributors, shareholders, governments, and society as a whole. Companies carry out several public relations campaigns with the objective to have support from the people associated with it directly or indirectly.
- Direct Marketing – Companies reach customers directly to target prospects and customers without any intermediaries or any paid medium through the use of technology. Companies can send one-way emails and messages to the customers if they need to be informed of new offerings, order confirmations, product announcements or sales promotions. Comparable to personal selling.
- Factors Affecting Promotional Mix
- Nature of the product/service – Different types of products/services require different promotional tools.
- Nature of the market – The number and location of customers will influence the promotional mix. The type of customer also influences what promotional tools a company uses.
- Stage of the product’s life – The promotional mix changes throughout the life cycle of the product/ service.
- Availability of funds – The marketing is a large deciding factor for the promotional mix. If the funds available are large, then the mix of promotional tools used can be as well.
- Nature of techniques – The nature of the technique of the promotional tool will influence the blend of the promotional mix.
- Your objective – What you are expecting to get once your promotional mix is implemented?
- Promotional strategy – The company’s promotional strategy will greatly influence the promotional tools they choose to use.
- Readiness of buyer – Different promotional tools will be used based on the different stages of buyer readiness.
- Your competitors – What are they doing? This does not mean you should copy them. This may give you an idea of how to promote your own product/service/business or how to differentiate yourself.
- Depending upon the background knowledge of your students, you may need to spend time discussing the marketing mix, promotional mix, and target market.
- To help students understand the various promotional mix tools, you could have them share examples in their everyday lives that they have seen each tool being used (i.e. TV commercials, door-to-door salesman, mail, discounts, etc.)
- Have students review the electronic version of the Promotional Mix Graphic Organizer. You can walk through a pre-completed version as a whole class to help them grasp the elements.
- Then have students work individually or small groups to complete the graphic organizer for a product/service/company of their choice. If using Zoom or another virtual meeting platform, this would be a great opportunity to utilize the breakout room features.
- Option: If you have completed an innovative activity like Mockups or Footwear Design Project, consider asking students to complete the graphic organizer for how they would promote that product/service.
- After students complete the Promotional Mix Graphic Organizer, they can submit it to you for feedback.
- If possible, gather your students and ask them to share with the entire class after they have had adequate time to ideate. This is a great opportunity for you to check for understanding.
Students can complete the debrief on paper by answering the following questions or be put into groups via Zoom to discuss their learnings.
- Did you seek new knowledge to best develop your promotional mix?
- Where did you go for that knowledge?
- Did that new knowledge assist you in developing your promotional mix?
- Did you consider all promotional opportunities that exist?
- How did you choose which opportunities to take advantage of?
- Why did you choose those opportunities?
- Would you choose the same ones if you had it to do over again?
- Did you use sound judgment when developing your promotional mix?
- Did you consider what resources you had available to you and how to best use them to create value?
- Why is a promotional mix an important part of the marketing mix for a product/service/business?
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