Despite the fact that this blog is named Advantageous Advertising, I’ve realized that I have to take a moment and discuss the importance of promotional activity in the grand marketing scheme. Over the past few years, companies have been spending way, way more on promotions than they have for the advertising of the very same products. But it wasn’t until reading a few posts on INMA (our favorite collection of blogs for all things marketing and advertising) that I realized how important promotion has become as of late.

Promotional spending can be justified over advertising spending for 3 main reasons:

1) Measurability

It is very difficult to track how many people have seen an ad, how many of those people actively participated and interacted with the ad, and how many of those people actually followed through and purchased the item being advertised. With promotion the guess work is gone. If the company’s goal is increased store traffic, a promotion for that store will either produce the results or it won’t. It’s that simple. If a promotion works, the goal is reached. If a promotion fails, it looks like you’ve still got some marketing to do.

2) Strategy

To be efficient with a promotion, it’s easy to narrow down the targeted segment. Want to increase sales in Oklahoma? Send out coupons and flyers in Oklahoma. Is the store on the corner of Pine Street and Pennington doing poorly? Promote a discount valid only at that location. Get strategic with your promotions and see what happens!

3) Time-Sensitivity

In the age of the internet, once an advertisement hits the media, it can be saved and shared and shown forever. Promotions, on the other hand, last only as long as you want them to. Maybe you’re only interested in offering discounts to shoppers before 1pm. Or after 4. Or maybe just in months ending in “-ember.” No matter what your strategy, promotions are great for managers with a limited amount of time. Once you meet your goal, the promotion can be cut back. It’s up to you.

These are just three of the reasons that promotion is surpassing advertising in marketing dollars spent. Three more reasons not to underestimate the power of promotion!

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