Following are the objectives of sales promotion:
- Building awareness of the product
- Creating interest among customers
- Provide information about the product
- Stimulate demand of the product
- Reinforce the Brand.
Following are the methods for sales promotion:
- Consumer Market Directed such as Coupons, Rebates, Promotional Pricing, Trade-In, Loyalty Programs, Sampling and Free Trials, Free Product, Premiums, Contests and Sweepstakes, Demonstrations, Personal Appearances
- Trade Mark Directed: Such as Point-of-Purchase Displays, Advertising Support Programs, Short Term Allowances, Sales Incentives or Push Money, Promotional Products, Trade Shows
- Business to Business market directed. Such as price-reductions, free product, trade-in, promotional products, trade shows
- Building awareness of the product
- Creating interest among customers
- Provide information about the product
- Stimulate demand of the product
- Reinforce the Brand.
Following are the methods for sales promotion:
- Consumer Market Directed such as Coupons, Rebates, Promotional Pricing, Trade-In, Loyalty Programs, Sampling and Free Trials, Free Product, Premiums, Contests and Sweepstakes, Demonstrations, Personal Appearances
- Trade Mark Directed: Such as Point-of-Purchase Displays, Advertising Support Programs, Short Term Allowances, Sales Incentives or Push Money, Promotional Products, Trade Shows
- Business to Business market directed. Such as price-reductions, free product, trade-in, promotional products, trade shows