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Marketing Promotional Tools

Promotion is the aspect of marketing that involves delivery of company, brand or product messages to target customers. Several tools are used by companies to aid the delivery of both paid and unpaid promotional methods. Each tool contributes a different way to reach customers and achieve communication objectives.

Traditional mass-media advertising remains a prominent promotional tool for marketing. This includes paid messages designed and presented through television networks, radio stations, newspapers and magazines. Additionally, companies use support media in ongoing campaigns, such as billboards, directories, buses, aerial and point-of-purchase displays. Local radio and newspapers tend to be most affordable for smaller companies.

The Internet and mobile technology have enabled use of a host of digital and interactive promotional tools. Online and e-mail marketing are common elements of promotional campaigns. Social media and blogs offer additional interactive tools that companies can use to reach consumers directly. Mobile devices with applications for electronic communication and social media allow companies virtually 24/7 access to consumers on the move.

Several promotional tools tie specifically to public relations, which is unpaid communication often presented through media exposure. Press releases, newsletters, press conferences and news reports are common PR techniques. Some are used to proactively promote brands or products. Others are used to address negative publicity or events. Small companies can often build relationships with local newspapers and TV stations for coverage of noteworthy business activities.

Sponsoring major events and community activities serve as promotional opportunities for companies as well. Small businesses often gain public favor by active involvement in local events. A presence at local fairs, non-profit events and school functions can all improve your rapport and goodwill with the communities in which you operate your business.

Among the more direct promotional tools are salespeople and influencers. Salespeople are employees who contact or engage customers using assertive selling techniques. This often includes asking questions, listening to customer needs and using persuasive efforts to sell product or service benefits. Peer or professional influencers are prominent people in the public who favor your product. Companies often ask consumers or professionals to share company news, information and experiences with others.

Neil Kokemuller has been an active business, finance and education writer and content media website developer since 2007. He has been a college marketing professor since 2004. Kokemuller has additional professional experience in marketing, retail and small business. He holds a Master of Business Administration from Iowa State University.

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The Importance of Promotional &Marketing Strategies

TheRoleof Advertising in a Promotional Mix

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What Other Tools Are Used in Promotion Other Than Advertising in

Consumer Sales Promotion Techniques

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The 50 Best Marketing Strategies For Small Busins

The most common question entrepreneurs ask me, is how can I improve my marketing with no or little money? Thats literally the million-dollar question! So I sat down and hammered out my 50 best ideas. Skim them or read them in detail, but whatever you do make sure you go through the list. Just one of these ideas may trigger a marketing opportunity that you never considered before. It only takes ONE good idea, well implemented, to launch you to greater heights. Im betting youll find at least one in the batches below.

Social media is about connecting with the people in your niche: customers, potential customers, people who are interested in what you do, or who share similar interests and circles or hubs with you. Its about building relationships and networking, not selling, although that does come as a result.

Business owners with a brick and mortar store need to reach out to a bigger audience online. Social media isnt new. People have always gathered to talk about business, life and community events. Social media is about doing that online. Establishing a presence on the Internet even if you have a physical store, is critical. Create an interactive, regularlyupdated site or blog, or by build informative yet informal profiles on social networking sites like Facebook or Twitter. Being active on social media sites will not only increase brand awareness, itll also boost your companys rank on search engines, and prove that youre a business that is in sync with the times.

Let the public know what youre an expert at and use that to boost your credibility and value. Publish tips, share your expertise through public speaking, even try pitching the media make it super easy for people to associate you and your business with excellence and expertise in your field.

Many communities now have online forums/bulletin boards that offer varying levels of paid memberships. Purchase a membership that allows you to advertise your business and USE IT. Every time you post with your business ID, your business name (and web page link) youre putting yourself out there in front of potential customers. Just remember not to get caught up in community drama as every post represents you and your business!

Not all exposure is online. Make yourself the expert in your field in your local community as well. Volunteer to teach seminars through yourlocal Chamberof Commerce about your area of expertise. Your business will receive promotion through the event itself, as well as through all marketing for the event.

Expand your network of contacts and potential clients. Ask your best, most powerful, most influential friends or business associates to introduce you to the five people they think you should meet to expand your business. Take each of the contacts out for coffee and get to know them. Discuss your plans and future goals, tell them about why your business is special and ask for their advice. You will be amazed at how these new contacts will pay off ten-fold with recommendations to you for new business and innovative ideas you hadnt thought of.

Give away your product or promotional item on Twitter. Ask a question about a product on your website or blog. The first person to answer wins. When you send the item write, Retweet upon receipt, to be entered in a second contest.

Network with friends who then network with their friends. Theres power in numbers. Dont spam of course, but utilize your network to get the word out to your people who know people who know people. Someone ultimately knows someone that can help you outand believe it or notwill want to. When networking, do NOT focus on getting a referral or lead. Instead, focus on helping others. If you help them first (by adding value to their life/business), theyll help you later.

The difference between a successful company and a mediocre one often boils down to an owners commitment to building (and sustaining) relationships with clients and prospects. While its important to keep up traditional communication and PR, business owners should also be extending their relationships through online forums website, blogs, and social networks. Conversations are happening all around you are you listening, are you participating? Are you a thought leader? Be visible!

Listen. Tweet. Listen. Listen Again.

Identify your ideal clients and find them on Twitter. Then start following them! Spend weeks listening to them; youll be amazed what they will tell you about their concerns, their ideal products, their current frustrations with their vendors. Its a great way to get open honest market research.

Get aTwitteraccount in your business name. Post links to your articles educating people in your niche market. At the bottom of the article have links to your products & services. Also offer discount coupon codes to twitter members. This has worked very well for me.

Join as manyLinked-Ingroups as you can that are related to what you sell and post a question or tip on a regular basis. If you have a blog or e-newsletter, post an announcement to your Linked-In groups with a link whenever you release a new issue or blog posting. Its free, youll be recognized as a leader, and youll reach thousands of business people interested in your field.

Your Facebook friends can be your greatest free marketing tools so enlist their help! In Facebook, use the NOTES application to create a special, limited-time friends and family promotion (i.e.: enter facebook09 at checkout to receive 10% off), tag all your friends and ask them to pass along your exclusive deal to their own friends. A great offer goes a long way quicklyespecially through our favorite social networking sites!

Twitter is a great place to share photos (TwitPic), host contests, shout out to loyal customers, have scavenger hunts, and promote events. Think of ways you can incorporate Twitter into your promotions in a fun, engaging way. Thank loyal customers, retweet their tweets, and even host fundraisers. All the cool kids are doing it. Why shouldnt you?

Blog tours are like book tours, but without all the flying and cheap hotels and fast food temptations. Theyre a great way to get seen and discovered outside your usual niche, all from the comfort of your own office, or home. Simply contact bloggers at any specific blog sites that fit your product and ship out a t-shirt, book or other product you offer and then also ask them to do a contest with their viewers. Point your readers to each blog site that reviews your product.

Readers at theblog toursite are told to go to your site to sign up for a free sample, or chance to win a free sample, as well. By having contest entrants choose among several products you get them familiar with your other products and get their email address too!

Do something really different. Send a monthly postcard instead of a hard copy newsletter. Self-printed cost is $0.46 ea. including the stamp. Make it fun and colorful with a strong Call to Action title, like: 100 reasons to call us. List 10-to-20 reasons, including your skills, talents, and tasks. Give customers a coupon for a discount, or a free doughnut, or something fun to inspire them to call.

Each Friday in the second edition of Help A Reporter Out (HARO) there are Gift Bag Requests. Look for decision makers with events that are a match for your product or service. Good fits mean quality networking opportunities. Make sure your gift bag offering has your website address, business card and additional offers that inspire recipients to follow up or at least check you out. For instance, if youre giving away t-shirts, include a list of celebrities who also wear the shirt theyre getting.

To keep customers loyal to you, instead of a frequent buyer program, send your customers small surprise gifts. Customers come to expect rewards when they are members of a program. Surprises always work to instill loyalty and retention.

Dont make the mistake of thinking that promotional items are only for conferences and tradeshows. When given out with (or in place of) a business card at a lunch, a meeting or in passing, small promotional items become a gift. People expect free stuff at conferences, they dont expect gifts. Keep a small, branded (and useful) item with you. You can be sure theyll remember you. They dont have to be expensive. Tip calculator cards, tea bags, pens and pads, small flashlights or things very target specific to your industry, like small packets of flower seeds for a gardener or landscaper with their contact information on it.

Donate several of your products or services to a non-profit organization that is sponsoring a live auction and the proceeds will be donated to the charity. Your store name will be displayed on the products for the duration of the event and the donation is tax deductible. Plus, youll be helping others.

Marketing gurus often refer to it as differentiation. Academics who fancy themselves as marketers theyre the ones who write marketing textbooks prefer to call it a USP, yourUnique Selling Proposition. What theyre both taking about is more correctly described as the Wow! factor. Whatever it is that separates your Stuff your products or services from the similar Stuff your competition is selling, thats your Wow!

Turn to those in your field for the low hanging fruit. Find larger companies, or older, more experienced businesses and invite them to lunch. Ask them to consider referring their smaller cases or business they dont have time to handle, to you. With every successful referral send them a hand written thank you card enclosing a Starbucks (or their favorite restaurant) gift card thanking them for their support. This will help you build your customer or client base without having to spend a lot on advertising.

Anything involving food gets attention. At least it gets my attention. Partner up with local neighborhood businesses and a restaurant (or other service providers in a complimentary but non-competing industry if thats your gig) to throw a special event, complete with noshing. Combining your database with other businesses will expose you to an entirely different segment of people for a shoestring of the price. Use food to generate PR for your event too one company I know of sent Smores kits to local TV newsrooms to help promote a camper and RV show. They got great results. Make it fun and different.

Offer employee incentives to various big businesses, or to smaller businesses in your hometown. For example, offer Southwest Airline employees 20% off their bill. Call their HQs and ask how you can offer discounts to their employees. Its usually called Employee Perks Program or something similar. All you need to do is tell them what the discount is and they will post it on their website or post it in some other capacity. You can also print off coupons for their Human Resource department to distribute, or send them a digital coupon they can email to employees to print off. Dont forget to put an offer ends date (usually 30-60 days) and a customer must show employee ID to redeem coupon requirement on the coupon!

Online map listingsare essential for businesses with brick-and-mortar locations. They are the first thing people see on search engines. They offer a concise snapshot of business info so customers can easily contact you or visit your store. And best of all, they dont cost any money! Make sure your business is on Google+ business, as well as all the local review sites and other map listings you can find.

It only takes one person to start a movement. So dont hesitate to start an informal group that can provide something of value to the market in which you specialize. For example, a monthly breakfast discussion on current news and events in the smart phone app industry, or manufacturing or outdoor gear retail industry. Leaders and business owners will come together in this informal, low-pressure situation, because keeping an eye on the state of the industry is their job. Since youre the one providing the benefit of this group, they will already be predisposed to a positive relationship with you, and its a short leap to noting your business savvy in their field.

Content is any articles, information, video, infographics or stuff people can read, watch or look at that tells them something they didnt know already about your product or service. If you can consistently amaze and thrill readers with new content and new information or entertainment about your product or services, youll grow quickly!

We all know content rules, but what kind of content should you use? Simple. Relevant and related content the reader can use. Lots of people have the relevant content part down, but also create content areas, not just content. These areas should be able to (1) attract users and (2) position you and your business as an expert in those areas. For instance, if youre selling hunting knives, create a content area on how to sharpen knives, or how to skin certain kinds of animals, or how to filet a fish. The content area should utilize your product if possible, but mostly it should have related content that attracts knife owners to your site.

If you want to get peoples attention and have them call you, theres nothing like writing an article for a trade magazine (for B2B) or local magazine (for B2C) to gain credibility and get the exposure you want. This may be content you have in some form on your website already, but having it in a trade magazine dresses it up and sort of puts a tuxedo on it. I mean it makes you seem more credible because a publication is publishing your content. Demonstrate your expertise and position yourself as the go-to person for your product or service with this service. Youll attract people in the ready-to-buy stage.  Here is alist of trade magsto help get you started.

A convincing (and free) marketing strategy you can use to sell your service or product is by telling true, credible stories (hopefully that include awesome facts and incidents involving your product)give specific and practical examples of what you have accomplished for clients. Use real-life examples of projects you completed, specific problems you solved or successes you achieved. If youre a new entrepreneur, create a realistic scenario about how you would help your ideal client overcome a typical challenge. Relate your story through articles, blog posts, public speaking or by publishing a special report.

Mobile marketing connects businesses and each of their customersthrough their mobile devicesat the right time and at the right place with the right message and requires the customers explicit permission and/or active interaction. Kim Dushinskis 5 Steps to Creating a Dynamic Mobile Marketing Campaign are 1) figure out what your target market wants and offer it, 2) align what your target market wants with your desired outcome, 3) choose the right mobile marketing tool for this campaign, 4) launch your mobile marketing campaign and market it, and 5) track what is working and make any necessary adjustments.

Who doesnt love free, right? Offer your customers, potential customers, and visitors to your website a free resource, such as a guide or report that is packed full of solid information related to your product or services in exchange for their name and email address. The guide is delivered electronically to their mailbox so theres little cost involved. Every two weeks, or so, follow up with more useful content, not a sales pitch, but do include your companys info at the end. Youll be building credibility, establishing trust, and reminding those potential customers of your product or services. When theyre ready to buy you will be the first company they contact.

Write a 150-175 page business book andself publishit withon-demand printing. Heck, write a 50-page book and self-publish it. The status of being a published author provides you with unprecedented access to media, speaking gigs, and other opportunities like nothing else can. (cost = $0 other than some time). You say you dont have the time, knowledge or expertise to produce a book? Then write a white paper. Dont have the time, knowledge or expertise for a white paper? Then write a series of short articles. Article marketing is a subtle way companies can gain exposure for their business by writing articles that provide information about news and trends occurring within their respective industries. Companies that incorporate article marketing into their marketing campaign demonstrate their expertise in their respective industry while simultaneously attracting new customers. If you cant write, find someone who can and pay them to write your content for you. Thats legit.

Let your fans review your business, then incorporate their reviews in your blog post good or bad, unless of course its obscene, not-safe-for-work bad. Online reviews are a critical component of your business reputation and can do wonders for converting new customers. Services like /Promote allow you to submit anything for review whether its a local business, a blog, a website, a product, or a brand. Other popular review sites include Yelp (local businesses), TripAdvisor (travel related items), and Viewpoints (products).  And you can use this strategy for gettingcountless, legit, reviews on Amazon.

If you are introducing a revolutionary new product, an endorsement from a top expert makes all the difference. Read your trade magazines and write the expert. You will be surprised at how generous some of them are. Include their comments, or if you can snag an interview, put the highlights of that in your blog post as well.

Host a one-hour tele-seminar with time for content, a specific offer and questions from people on the call. People are hungry for information and like to learn. Create a web page with a sign up form and use email and social media to announce the call. Then make sure you have a really meaty, information dense, rocking teleseminar. Be awesome and attendees will return again and again.

Volunteer to write a Dear Abby type Q&A column for your local newspaper on whatever your area of expertise is. Whether its plumbing, or chimney cleaning, or car repair, volunteer to answer readers questions in exchange for a link to your website and business name. If the paper isnt interesting in paying or swapping you for the column, then pay for it yourself and make it an ad. Once readers get used to seeing it and it disappears after three to six months, most papers will do what it takes to get it back if its popular.

A web presence is more than just having a website. Heck, even the animals at the local animal shelter have websites, some of them better than mine! A web presence is how people find you as well as what they find. To get found in good ways, like winning awards etc. is better than getting found because you have a booking photo or mug shot. To get found for the good stuff, do this:

Statistically, 3-out-of-4 Internet users live in North America, making exposure on the web critical. Even with all the changes to Google and to search algorithms, having a website that is keyword optimized is critical. You need to be SEO optimized for what your small business does and where you are located. Your website works as an online brochure as well as a 24 hours a day sales person for your services and products, so make it work efficiently.

Business-to-business professional service organizations get the most bang for their buck when they impress prospective referrers with their capabilities. One of the best ways to do this is through active involvement at trade associations where prospective referrers congregate. This participation enables them to a) increase their visibility and b) gain the opportunity for the consistent and frequent interactions it takes to build lasting relationships.

Run market research on the cheap by usingGoogle Adwordsto target an audience. Make the landing page a question survey. A snappy question to attract people, along with Googles Geo-targeting can provide great results, for next to nothing.

There is nothing like entering a business award competition to strengthen the reputation of your small business. Winning an award can catapult your reputation within your industry and with the sales audience you aim to attract. Many competitions cost nothing to enter except for the time it takes to prepare your entry.

Professional and trade organizations, chambers of commerce, Better Business Bureaus, universities even churches are all organizations that host business competitions. Keep your eyes open for opportunities. Dont forget, the secret to winning is taking the time to prepare well-written entries. If you cant write, then pay someone who can to prepare your entry or barter services if youre trying to save money. The rewards for winning a business award can last seemingly forever. Brag about winning on your website; send a letter to clients; post the award in your office or store so whoever comes in will see it. And of course, send out a press release and get your picture in the paper!

I cant say this often enough.Build your email listwith quality names. Use opt in email marketing to talk to your best customers this means the ones that want to hear from you and have signed up to receive your marketing messages and offers. No spamming! Be sure to deliver relevant, unique and valuable messages to their inbox. This can build loyalty, drive sales and cut other costs. Dont be shy about creating a short but compelling video that succinctly explains your product or service. Short is under 3 Minutes MAX. Compelling is that not only informs, but entertains and/or personalizes you and your company. This can be done quickly and easily using a camera like a flip video. Post the video to your site and as many video sharing sites as possible.

Seriously consider starring in your ownYouTube Series. I dont know if the camera loves me, but I sure love the camera! You can learn to love it too! Take your product or service and dramatize it through a simple, homemade YouTube movie. Go a step further and script out a four-part series that you can post on your website. Heck, run a loop of the videos in your business.

Study the ad campaigns that get peoples attentions and come up with something of your own unique counts. Virally spread your marketing message by making sure influential local bloggers see your video. Twitter short messages, driving traffic to specific pages of your website; Send a Network Update via LinkedIn conveying what youre working on that will pique the interest of those needing similar services. Use Facebook to give your small business a personality so that people feel comfortable doing business with you ask your customers to become Fans.

Get online locally, like on Craigslist, Yelp, and Angies list. There are hundreds of websites that people use to search out local businesses. Most are free to use and easy to find. Make sure your business is listed. Go the extra mile and upload pictures, menus, or something relevant for your service or product.

Partner with companies which target the same audience as your firm to host educational events. A small accounting firm can partner with a small law firm and a marketing firm to hold a seminar on strategies for surviving the recession, and invite small businesses to attend. Split the cost and the work that goes into creating the event, including inviting prospects and clients. Its a cost-effective way to market to the other firms clients, to prospects, and to build a relationship with these other partners in order to gain future referrals.

Join forces to create posters, contests and other things that benefit all companies involved.

The fastest way, bar none, to create a strong Internet presence and get in front of potential customers when they are in active search and buy mode is pay-per-click search engine advertising. Start with Google set a budget and bid, select your keywords and write a quick ad. Now youll be there when some Googles it!

Use Your Logo- Now that you have a logo it is time to use it everywhere both online and in print. Put it on all of your marketing materials including business cards, letterhead and even envelopes. Include it in your email signature, on your Web site and use it in all correspondence to reinforce your company and encourage repeat customers and referrals. Once you have a solid logo that makes an impact, it should be synonymous with your company name.

Blog, blog, blog and blog some more. PR is all about getting your business in front of peoples eyeballs. Keeping your own blog updated, and writing guest blogs for other well-known or popular bloggers in exchange for a credit and blog link, or a reciprocal post is a major part of getting publicity. You can also:

Instead of always pitching reports with story ideas, schedule a coffee or lunch meeting with the local (relevant) beat reporters in your market. Start the conversation by asking, How might I be able to make your job easier. When reporters know youre out to genuinely make their lives easier without trying to sell them your story, you become a valuable resource, not a pain in the neck.

There are hundreds of charities you can help, but youre better off picking one or two charity organizations or causes and only donating to them for the year. Youll be able to do more and give more that way. That will make you more visible plus, the organization will get to know you and who you are. When youre highly visible in one or two organizations, its easier to say No, politely, firmly and credibly to the twenty others who also want your attention, but who arent in your target market.

Sponsor a local sports team. For less than the cost of a 1/4 page ad in a local paper, you can buy team uniforms for a local soccer, basketball, baseball or other sports teams. Not only will you get the team, and their friends, family and fans attention and show that your business is a genuine part of the local community. Its a great PR technique too.

Having a great e-newsletter with valuable content may sound old school, but it works. E-News doesnt have to be or sound like a sales pitch. Consider it an opportunity to position your business as an expert, provide relevant information, and to add another layer in relationship building. Build a strong database with a focus on media/bloggers. Give your clients the opportunity to subscribe. Publish frequently, but not obsessively. Done right E-News is one of the least expensive, but most effective marketing tools in our arsenal. Dont be surprised by how often your content will be tweeted or covered by bloggers, or open the door to a more extensive PR pitch.

The best way to get noticed in todays market is to tell a personal story. The more authentic, amazing and relevant, the better. As newspapers and magazines continue to lay off thousands of reporters across the country theres an even bigger demand for well-written stories. Have ready-to-run articles prepared to send off at a minutes notice will create a great relationship with papers. They may edit or rewrite parts of it, but youll get their attention.

Leverage your exposure by putting yourself into situations where your marketing efforts have a LONG shelf life. Web radio shows are a great place to start. Email or call those who are looking for guest interviews. Dont forget to make sure you tell the host that if your line-up is already scheduled, Id make a great filler-inner when someone has to cancel. Those words alone will get you remembered.

Network With The Media In Your Niche

Maintain relationships with media contacts that cover your industry, even when you dont have news for them. Check in with them every month or so and ask how you can help them as an expert in your field. Better yet, send them tips and insider news they might not otherwise have access to. Become a resource. Follow reporters stories and take time to read their articles and comment on them without pitching yourself. Develop a professional relationship where you can spark dialogues about your community. Then, when you do have news, its that much easier to get them to print it!

Beoutrageous, or weird, or truly innovative and wacky. Reporters want to cover the unusual/wacky/even controversial. One article about your business can be worth thousands of dollars. Give them what they want, but make sure that theres steak after the sizzle is gone. Once people are attracted to you, you want to offer them something to keep them coming back or staying put.

Reporters love numbers! It validates their story pitch to editors and piques the curiosity of their readers. So, look for surveys other companies have done on a national scale, and then conduct a survey with your customers and prospective customers to get a local angle to a national story. Most papers wont look at a locally conducted survey unless it ties into a larger survey or is done by a major company. Compile the results, put them into a press release, and pitch to editors at your target publications. Write an article about it and post it as a do

Promotional methods

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Learn how to evaluate international markets and determine the best approaches for marketing your products and services overseas. Author Doug Ladd, an international marketing expert experienced in both emerging and established countries, first charts the rise of the global consumer and the marketers roles in international expansions. Doug then explains how to assess foreign markets using the PESTCL framework, and introduces strategies for adapting existing products and developing new ideas for foreign markets.

Doug Ladd has over 25 years of business experience in marketing and brand management in the fields of general surgery, breast care, cardiac surgery, and flexible endoscopy. He joined EndoChoice in 2012, and his current responsibilities include defining and launching new products, developing and protecting the EndoChoice brand, delivering clear and consistent communications about EndoChoices products and brand to the market, gathering and analyzing inputs on market trends, and global strategic planning. He is also an adjunct instructor at the University of Cincinnatis Lindner College of Business, where he teaches international marketing.

Previously, Doug served as director of marketing for world-wide franchise development within Johnson & Johnson, where he was responsible for launching new products and business units.

– Coca-Cola once got itself into big trouble. In advertising images they changed the columns of the Parthenon to the icon shape of the Coca-Cola bottle. They didnt realize until after the fact that the Greeks consider the Parthenon to be a religious symbol, not appropriate for advertising a consumer product. There are hundreds of examples where companies have made promotional mistakes in international markets, but you dont have to be one of them. The promotional methods and tools you use in your home market may require some tweaking when you expand into new countries. Promotion is the 4 P component that deals with advertising, personal selling, public relations, web presence, coupons, and other tools used to communicate with your customers and drive commerce. For example, there may be significant differences in the literacy rates between the countries youre entering. You can learn about the literacy rates of other countries by searching or cia.gov. If youre moving

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What you should know before watching this course

1. The Importance of International Marketing

1. The Importance of International Marketing

The impact of protectionism on international marketing

2. Strategic Considerations for Your Company

2. Strategic Considerations for Your Company

The importance of your companys culture and values

Thinking of foreign markets like portfolio options

Learning about customers in foreign markets

3. Assessing Markets Outside Your Home Country

3. Assessing Markets Outside Your Home Country

The PESTCL framework: P is for political

4. Market-Development and Product-Development Decisions

4. Market-Development and Product-Development Decisions

Balancing risk and expense vs. control and reward

Timing considerations . . . do you need to be first?

6. Resources to Help Gather Information and Make Decisions

6. Resources to Help Gather Information and Make Decisions

US Government departments and divisions

Rating systems to help with decision making

Product modifications . . . dont forget the packaging

Pricing considerations . . . the impact of currency fluctuations

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7 Best Affiliate Marketing Promotional Methods

Editors Note: This post originally published in April 2011 and has been updated for accuracy and comprehensiveness.

Affiliate marketing is a well-known and relatively easy concept a marketing practice in which a business rewards one or more affiliates for each customer brought about by the affiliates own marketing efforts. While the theory ofaffiliate marketingis simple, its not an easy task to market affiliate products successfully. Most affiliate marketers typically only earn a few dollars of supplemental income a month, while the more experienced marketers earn well over six figures a month.

To become one of the top affiliate marketers making that much money, youre going to have to decide how you are going to promote your affiliate product. To be successful, you need to refer customers to the affiliate website, and to do that you need to select a way to promote them. There are number of ways to promote a product. Some are totally free and others might be somewhat costly. Here is a list of the 7 best affiliate marketing promotional methods:

PPC The most popular fashion of promoting affiliate products. With PPC you bid on relevant keywords related to the product you are trying to market. For example, if you search for a certain type of shoe and Zappos is bidding on a relevant keyword, they might show up in your search results:

PPC is not as easy as just writing an ad with a few choice keywords and leaving it at that this will not get you any sales. To really excel at PPC you must be fairly familiar with how AdWords works and most importantly you must track everything to determine what keywords are generating conversions for you and what arent.

SEO Another popular method of promoting affiliate products but also the most difficult is Search Engine Optimization. SEO is the process of improving the visibility of a website or a web page in search engines via the natural or un-paid (organic or algorithmic) search results. SEO doesnt bring results instantly but it can be extremely rewarding in the long run.

Coupon The recession has seen the way that customers shop online change. Savvy shoppers know there is often a discount to be had by shopping online and will conduct searches geared towards finding these discounts. With that being said there are millions of coupon type websites that promote affiliate products:

Affiliate marketing on prominent coupon websites like RetailMeNot, Groupon, or Coupon Cabin can be can be highly successful. This is by far the fastest gainer in terms of popularity and success for affiliates.

Incentive/Loyalty/Referrals As mentioned before with the change in how consumers shop online. In an incentive/loyalty/referral affiliate program, customers are rewarded for returning to a business frequently and/or recommending the business to others:

Incentive and Loyalty websites have popped up where they share a portion of their affiliate earnings with users in the form of a reward, such as miles, points, cash, donations to a charity, or merchandise.

Email This is the best way to stay in touch with people. Even just a monthly newsletter is a good internet marketing promotion, but common affiliate email efforts include sending content via email, promoting special or new products, and offering freebies:

With affiliate email marketing strategies, you can create a series of email templates and strategically stagger and rotate them to reach people.

Social Media Social media is the hottest sector on the Internet right now and only getting bigger and more powerful. This means, as an affiliate, you need to be actively using social media sites to promote yourself and your websites/blogs. You can learn more about effectively using social media,herehere, andhere.

Website/Content Affiliates who develop and publish content (such as news, information, reviews, or some other area of interest) to a destination website. Many peopledevelop a blogfor their business because in addition to being a helpful affiliate marketing strategy, its also great for SEO.

Reviews- Given how important reviews are for consumers, this can be a very effective method. For affiliate marketing purposes, the author of the review will write about a product and then drop a link to where it can be purchased, or feature a product on their social media/blogging platform. Like this:

In return, the review author can be given a discount or a free product to try out in exchange for their honest feedback. Simple, easy, and highly impactful.

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Best Marketing Promotional Methods Thatll Accentuate Your Sale

Best Marketing Promotional Methods Thatll Accentuate Your Sale

Product promotions are used by the companies to attract customers and increase their sales. The article below presents to you some marketing promotion methods.

The slogan of Customers are the kings is religiously followed by every business, and it is indeed the absolute truth. Where and how would businesses without customers, anyway? The marketing departments of every firm fight tooth and nail to lure customers and increase the sales of their products. Promotional methods are important and efficient marketing strategies of various companies. While millions of dollars are spent on advertising methods, promotional marketing methods are relatively less expensive and can be more effective.

Promotional marketing is a business tool that is designed to pull customers to buy the products of a company.

Generally, promotional marketing is carried out by companies to launch their products or attract more potential customers.

Before devising any strategy for promotional marketing, firms must ensure that they allocate a budget to the promotional marketing and set a target that gives them maximum return on the invested money.

There are basically two promotion strategies; the push strategy and the pull strategy.

According to the push strategy, the marketers give generous discounts and benefits to the customers so that the sales can be increased drastically.

This is one of the most successful strategies, and the method of giving discounts is often successful for most of the firms.

The main focus here is to reduce the costs of advertising.

The pull strategy, on the other hand, minimizes the use of different channels, and the major focus is on advertising the product.

Its goal is to create a potential market for the products of the firm.

Advertising is an expensive method of promotional marketing, wherein, the products are made to reach a large number of people. For example, by using electronic media, TV, radio, press and outdoor hoardings, advertisers target the audience and try to create an impact on customers.

One of the oldest ways of direct promotion is to sell the products by direct interaction between the seller and buyer. It is believed to be the most difficult form of marketing, as it requires skills of persuasion and excellent communication skills.

One of the effective, popular, and preferred form of promotional methods is to arrange certain contests for the customers. We all will agree to the fact that winning surprise prizes in a shopping mall or fashion store is simply exciting. One of the most attractive marketing strategies, organizing contests among the customers is a brilliant way to promote the products.

In the quest to attract more customers, companies distribute coupons and pamphlets about the products. The customers are either given basic information about the newly launched products or they are provided with discounted coupons on the purchase of some accessories/apparels. Coupons make for an effective marketing plan for small business units.

The idea of distributing products freely sounds weird and crazy for any company, however, there is a certain element of truth in the fact that marketing firms have gained substantial promotion through the idea of free samples. While it is not logical to just distribute your products, you can devise a strategy such that the idea of free samples doesnt incur losses for your firm.

While evaluating different methods of promotion in marketing, one should realize these strategies are not set formulas or recipes for the successful launch and eventually high sales of the product. No doubt, these strategies are effective, but there are various market forces that can affect the sales prospects of firms.

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