PROMOTION
A product promotion is the act of providing information about a product to its prospective users in order to persuade them to buy, enjoy or choose the product.
Any product promotional message usually includes information which shows;
· That the product exists
· That the product has ability to satisfy a particular want
· The physical location where the product can be obtained or enjoyed
· The qualities that the product can be obtained or enjoyed
· The quantities that the product can be obtained
· The times when the product can be obtained
· The price of the product
· Exam quest, briefly explain what entails a promotional message.
The importance of product promotion
ü To inform potential customers about the existence qualities and other important details regarding a product
ü To convince or persuade existing customers to continue buying the product and potential customers to choose it
ü To establish a business image or goodwill among the existing and prospective customers
ü To facilitate more sales revenue
Methods of Product Promotion
There are five main ways of promoting products namely
Sales promotion
Publicity