Sales promotion was not used during the introductory launch of Zicam, and price discounting to stimulate sales is still not a primary tool. The company really wants to sell this unique product at full price. However, a one-dollar coupon was included in a Sunday freestanding insert for the first time in November 2002. The main objective of the coupon was to build awareness of the brand, not to give a price break. The promotion worked well; it cleaned out the shelves in many stores, resulting in numerous out-of-stock situations. Sales promotions like this are planned for targeted opportunities when they are felt to be appropriate.
Marketing Strategic Planning Related
- The Lessons to Be Learned from Zicam
- A Firm Commitment to Growth
- Protection from Competition
- Adding Market Research to Manage and Expand the Brand
- A Very Small Staff of People
- As Many Off-Shelf Displays as Possible
- The Advertising Message Was Aimed Directly at the Consumer
- Maintaining Awareness with Advertising
- Creating an Effective Sales and Distribution Strategy
- Sending a Message with Pricing
- Creating Packaging That Communicated the Benefit
- The Creation of Appropriate Product and Brand Names
- Expanding the Product Line
- Formalizing the Marketing Plan Elements
- Proving that Zicam Really Works
- Funding the Venture for Growth
- From Idea to Financially Viable Business Venture
- The Birth of a Winning Idea to Reduce Cold Systems
-
Tags
- Accelerating the Buying Process
- Anatomy of a Buying Decision
- Benefits Must Be Perceived by Customers
- Consumer and Retailer Convenience is Critical
- Effectiveness Leads to Repeat Purchases
- Elevating the Buying Process
- How Customers Perceive Value and Risk
- How to Qualify Customer Problems
- How to Quantify PIP Solutions
- How to Sell the Customer's Return
- Positioning and Partnering to Propose High-Margin Value Propositions
- Preemptive Ventures Are Often Winners
- Reverse-Engineering the Buying Process
- Sample Marketing Plans
- Successful Marketing Plans Eliminate the Negatives
- Successful Marketing Plans Often Solve Consumer Problems
- The Cause and Effect of Business Value
- The Sales Process-Redefined
- The Value of Customer Relationships
- What Customers Really Want
- What Customers Think About