Sales
promotion- It refers to short-term use of incentives like discounts,free
samples, displays, exchange offers, free gifts, exhibitions, road shows to
attract the potential customers and to achieve more sales value. Sales
promotion is one of the seven aspects of the promotional mix. (The other six
parts of the promotional mix are advertising, personal selling, direct
marketing, publicity/public relations, corporate image and exhibitions.) Media
and non-media marketing communication are employed for a pre-determined,
limited time to increase consumer demand, stimulate market demand or improve
product availability. Examples include contests, coupons, freebies, loss
leaders, point of purchase displays, premiums, prizes, product samples, and
rebates
Sales
promotions can be directed at either the customer, sales staff, or distribution
channel members (such as retailers). Sales promotions targeted at the consumer
are called consumer sales promotions. Sales promotions targeted at retailers
and wholesale are called trade sales promotions. Some sale promotions,
particularly ones with unusual methods, are considered gimmicks by many.
Whereas
personal selling is performing the task of selling through individual or
representative by face to face interaction with customer. It is also known as
salesman-ship.
Personal
selling is oral communication with potential buyers of a product with the
intention of making a sale. The personal selling may focus initially on
developing a relationship with the potential buyer, but will always ultimately
end with an attempt to "close the sale"
Personal
selling is one of the oldest forms of promotion. It involves the use of a sales
force to support a push strategy (encouraging intermediaries to buy the
product) or a pull strategy (where the role of the sales force may be limited
to supporting retailers and providing after-sales service).
(1) Prospecting - trying to find new customers
(2)
Communicating - with existing and potential customers about the product range
(3)
Selling - contact with the customer, answering questions and trying to close
the sale
(4)
Servicing - providing support and service to the customer in the period up to
delivery and also post-sale
(5)
Information gathering - obtaining information about the market to feedback into
the marketing planning process
(6)
Allocating - in times of product shortage, the sales force may have the power
to decide how available stocks are allocated
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