MARKETING
COMMUNICATION MIX: The Marketing Communications Mix is the
specific mix of advertising, personal selling, sales promotion, public
relations, and direct marketing. Communications mix is used by a
company to pursue and achieve its marketing objectives.
Advertising:
Advertising is one of the most expensive methods of marketing
communication. Any paid form of non-personal presentation and promotion of
ideas, goods, or services by an identified sponsor.
Sales promotion:
You can easily promote your product, increase sales and customer demand,
improve your public presence and interact with potential customers. Promotions
can be done with frequent discount coupons, product samples, exhibitions and
sponsorship programs. It is form of short-term incentives to encourage the
purchase or sale of a product or service.
Public relations (PR):
It involves informing the public about the services and products of an
organization. Some firms do it either by a PR department or by hiring a third
party. Public relations campaigns can be run through media, anniversary parties
and press releases. For example, public speeches, charity, magazine articles
etc. Building good relationships with the company’s various publics by
obtaining favorable publicity, building up a good "corporate image",
and handling or heading off unfavorable rumors, stories, and events.
Personal selling:
It’s a constructive way to build consumer relationship and aid them to move
from the stage of awareness and doubt to conviction and action.
Your marketing department will need to learn how to listen
to the audience and address their requirements.
Direct marketing:
Direct marketing is a highly personalized marketing communication mix
method. It’s mostly focused on specific customers and is approached through
emails, social media, messages, etc. Direct communications with carefully
targeted consumers can obtain an immediate response and cultivate lasting
customer relationships.
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