The traditional components of a
promotional mix include:
·
Advertising
·
Direct Marketing
·
Personal Selling
·
Sales Promotion
·
Public Relations
These tactics are referred to as
broadcast or “one to many” communications because the tactics are not
personalized toward individual consumers. However, tactics such as direct
marketing and personal selling, which are essentially targeted at specific
individual consumers. Advertising, sales promotion, and public relations is
geared toward a mass amount of consumers based on a mass amount of consumer’s
wants, needs, and desires.
These approaches are becoming less
and less effective today because such as our internet is becoming more and more
personable consumers are expecting their whole way of purchasing goods to be
personal to their own individual needs, wants, and desires as well.
Unfortunately advertising is seen as the most costly tactic and traditionally
you would want a tactic that would be more cost-effective in order to make the
most profit in the end. Public relations seems to be a less effective tactic
today because a lot of the products in the market don’t require the consumer to
be fully knowledgeable about it; for example food items. Overall, because these
tactics are referred to as “one to many” communications they are becoming less
effective as a whole because since they are traditionally targeted toward the
individual it is not the most effective approach due to the geography of the
market. The market is dispersed across the entire globe and being able to
target everyone’s individual needs seems nearly impossible.
Riley, Jim. “Promotion – introducing the promotional mix” 23
September 2012. Tutor2u. <http://www.tutor2u.net/business/marketing/promotion
_factors.asp>. 03 October 2013.
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