What are the 5 promotional strategies

There are several types of marketing strategies for businesses to consider when seeking to reach consumers.Each firm creates a unique promotional mix for each product.Fit your promotional strategy into your overall marketing strategy.Offer more value to your customers.Oscar wilde once said, there is only one thing in life worse than being talked about, and that is not being talked about..

For example, email marketing has a very high average roi — $38 for each $1 spent.You're giving your target market something to show your appreciation.As a good guideline for marketing strategies, this mnemonic consists of five terms, and it typically includes:The five areas you have to consider to build the right strategies are product, price, promotion, place, and people.Entries should include follows, likes, comments and tagging friends.

In this strategy, rather than handing out the business card they print the business name, logo and contact information on a functional gift.These are the key benefits of a promotion strategy:Using social media platforms is effectively free and is a great way to get the word out about you and your product.Sales promotion, advertising, personal selling, and public relations make up the promotion element within the marketing mix.Increase awareness of valuable, educational, and trustworthy content.