Promotion is one of the best ways to turn a solid idea into actual profits. Whatever your role in the business world happens to be, if you're trying to sell a product, you'll want to boost your sales and build brand recognition with a well-balanced promotional effort. While a lot of this may sound complicated, it's pretty easy once you do some market analysis and figure out what kind of promotion you want to run. This article breaks down the many different ways you can go about promotion. Find the ideas that make the most sense for your product!
Things You Should Know
- Social media and email are excellent (and free!) ways to market your product to the general public. [1]
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Expert Source
Brian Honigman
Marketing Consultant Expert Interview. 16 April 2021. - Rewards programs, promotional deals, and discounts are phenomenal ways to keep return customers loyal and happy.
- If you do any kind of business online, Google Ads is an invaluable resource that you can use to track how successful your advertisements are.
- You can always hire a marketing firm to revamp your promotional materials for you.
Steps
Expert Q&A
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QuestionWhat is the most effective type of promotion?Amber Rosenberg is a Professional Life Coach, Career Coach, and Executive Coach based in the San Francisco Bay Area. As the owner of Pacific Life Coach, she has 20+ years of coaching experience and a background in corporations, tech companies, and nonprofits. Amber trained with the Coaches Training Institute and is a member of the International Coaching Federation (ICF).An effective promotion is well-researched and well-timed. For example, if you want to start promoting your product in a different geographic location, make sure you research that geographic market first. Just because your product does well in one location doesn't necessarily mean it will do as well somewhere new. Also, if you release a product before the holidays, you may have increased sales.
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QuestionHow can I use Facebook to market a product?Christine Michel Carter is a Global Marketing Expert, Best-Selling Author, and Strategy Consultant for Minority Woman Marketing, LLC. With over 13 years of experience, Christine specializes in strategic business and marketing consulting services including market analysis, organizational alignment, portfolio review, cultural accuracy, and brand and marketing review. She is also a speaker on millennial moms and black consumers. Christine holds a BS in Business Administration and Art History from Stevenson University. She is a leader in multicultural marketing strategy and has written over 100 articles views for several publications, including TIME and Forbes Women. Christine has worked with Fortune 500 clients such as Google, Walmart, and McDonald’s. She has been featured in The New York Times, BBC News, NBC, ABC, Fox, The Washington Post, Business Insider, and Today.Facebook is a social media platform, and the majority of users aren't looking to be sold a product. Think of it as an indirect way of advertising to consumers. Post interesting, quality, relevant content on a consistent basis to build awareness and engagement.
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QuestionWhy should I convince people to purchase my product?Community AnswerYou need to convince customers to buy your product, so you can create revenue, which is money. Also, this will increase your customers, increasing sales, which is every entrepreneur's dream.
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Tips
- Before you start promoting a product, make sure the product is compliant and legal. You don't want to run into trouble down the line because you didn't dot all of your Is and cross your Ts. [17] X Expert Source Amber Rosenberg, PCC
Pacific Life Coach Expert Interview. 26 February 2019.Thanks - If you want to start promoting your product in a different geographic location, make sure you research that geographic market first. Just because your product does well in one location doesn't necessarily mean it will do as well somewhere new. [18] X Expert Source Amber Rosenberg, PCC
Pacific Life Coach Expert Interview. 26 February 2019.Thanks - Carefully time the release of your product. For example, releasing a product before the holidays when everyone is shopping may increase your sales. [19] X Expert Source Amber Rosenberg, PCC
Pacific Life Coach Expert Interview. 26 February 2019.Thanks
References
- ↑ Brian Honigman. Marketing Consultant. Expert Interview. 16 April 2021.
- ↑ https://www.forbes.com/sites/forbesagencycouncil/2021/03/12/three-reasons-you-should-be-advertising-on-social-media-in-2021/?sh=a9292833f525
- ↑ Christine Michel Carter. Global Marketing Expert. Expert Interview. 30 September.
- ↑ Brian Honigman. Marketing Consultant. Expert Interview. 16 April 2021.
- ↑ https://youtu.be/1kmR7-PEtQk?t=86
- ↑ https://youtu.be/RnrikF5fLzw?t=27
- ↑ https://youtu.be/RnrikF5fLzw?t=200
- ↑ https://www.theguardian.com/small-business-network/2014/jul/14/how-to-write-press-release
- ↑ https://www.researchgate.net/publication/227442337_The_Effects_of_Free_Sample_Promotions_on_Incremental_Brand_Sales
- ↑ https://www.inc.com/peter-roesler/new-study-shows-deals-promotions-affect-every-part-of-shopping-experience.html
- ↑ https://hbr.org/1995/05/do-rewards-really-create-loyalty
- ↑ https://www.wsj.com/articles/online-influencers-tell-you-what-to-buy-advertisers-wonder-whos-listening-11571594003
- ↑ https://youtu.be/oQw8pn-xgZY?t=167
- ↑ Brian Honigman. Marketing Consultant. Expert Interview. 16 April 2021.
- ↑ https://www.forbes.com/sites/forbesagencycouncil/2021/03/12/three-reasons-you-should-be-advertising-on-social-media-in-2021/?sh=4116e8e83f52
- ↑ https://www.businessnewsdaily.com/15774-tips-for-hiring-a-marketing-company.html
- ↑ Amber Rosenberg, PCC. Pacific Life Coach. Expert Interview. 26 February 2019.
- ↑ Amber Rosenberg, PCC. Pacific Life Coach. Expert Interview. 26 February 2019.
- ↑ Amber Rosenberg, PCC. Pacific Life Coach. Expert Interview. 26 February 2019.
About This Article
To promote a product, identify who your customers are so you can create targeted promotions. Build promotional content that is clear, quick, and informative and use it to design billboards, print ads, and online advertisements. Always prioritize the most important information and remember to highlight what makes the product better than its competitors. Offering special deals can also make your product more appealing! For more tips on creating more demand for your product, read on!
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