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Meaning and importance of Promotion in marketing

Updated on November 11, 2013

Meaning and importance of Promotion

Communication plays an important role in marketing. Communication perform the function of informing the target customer about the nature and type of the firm's product and services, their unique benefits, uses and features as well as the price and place at which these products can be purchased. The nature of marketing communication is persuasive since it aims at influencing the consumer behaviour in favour of the firm's offering. These persuasive communications are commonly called "Promotion". In the context of marketing promotion refers to the applied communication used by marketers to exchange persuasive messages and information between the firm and its various prospective customers and general public.

Marketing communication is the essential element of the promotion function of marketing. Effective marketing depends on effective management of its promotion function. Effective promotion comes through effective communication. Success of products like hot-shot camera, Maggie 2 minute noodles, Khaitan fans, and UTI's ULIP scheme are purely depend on the promotion function played by the respective marketing firms. There are products which are failed due to the lack of effective promotion.

With the growing competition in the market place as well as the customers becoming better informed and more choosy, it is important now that marketing communications of the right kind only are made to the right group of target buyers. Giving below the purpose of Promotion:

Communicating information

The job of marketing is to identify consumer wants and then satisfy these wants with the right kind of products, at the right place and at the right price.  The purpose of promotion in the marketing function is to convey to customers about the features of the product and how it will satisfy consumer wants or any other relevant information needed by consumers to affect sales.  For example, if a refrigerator manufacturer is planning to offer  off-season discount, it is essential to communicate to potential customers about the extent of discount, period during which discount is available, name of the stores where it is available etc.  If all such information is not communicated to potential customers, lowering of prices will not be beneficial to either the consumer or the manufacturer.  Promotion is, thus, an essential part of the marketing function as it is essentially communication.

Promotion is persuasive Communication:
In any free enterprise system where firms develop and offer a wide range of new and better products, there are full of messages and distractions of all sorts.   Consumer often have to select the products from among a wise range of competing products.  As consumers do not have time and energy to compare the competing products physically, they turn to advertisements for product information.  The present business environment being highly competitive, each firm wants the customers to buy its brand. Thus, persuasion is another goal of promotion. In other words, promotion is persuasive communication.

Promotion serves as a reminder:  Consider a customer who regularly buys Colgate Toothpaste or Lux Soap.  Do marketers of Colgate Toothpaste or Lux Soap advertise to appeal to such customers.  The answer is yes, because even the most loyal customers must be reminded that t product has served them well over the years and about the features that make the product attractive.  This is more so in an environment where competitors consistently attempt to attract the customers of competing brands with their own informative and persuasive message.  Thus, in addition to informing and persuading, another important purpose of promotion is reminding customers.  This is why even when the manufactures of well established products like Colgate, Lux, Surf, Nescafe, Lifebuoy etc. also advertise quite extensively to sustain customers preference for these products.

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    • profile image

      ram 

      4 years ago

      Is it an indian site or some other

    • profile image

      Zayyad 

      5 years ago

      The term promotion is really help us in our education

    • profile image

      nadia prossy 

      6 years ago

      you should go straight to point

    • internetgeek profile image

      Nizam Khan 

      6 years ago from Hyderabad, India.

      Promotion is very much important and it has become an essential marketing aspect. Very informative and interesting Hub. Thanks and voted up :)

    • profile image

      Lala soumyaranjan Ray 

      6 years ago

      This defination of promotion is so easy to understand.I think it will help everyone to know everything about promotion.Well written.

    • profile image

      buy senuke 

      7 years ago

      I really enjoyed your hub! Voted up and I want to share it with my followers as I think that they will find it very useful. I use an automated seo tool for promotion of my websites and businesses and it is the best thing that I have ever found in terms of the results that it delivers in a very short time. It is called Senuke software. Keep up with the informative hubs, they are very educational!

    • Cheeky Girl profile image

      Cassandra Mantis 

      7 years ago from UK and Nerujenia

      Promotion and self-selling can be a matter of survival in the modern context. Life Coaches are doing well in this sphere nowadays, helping people to achieve their ambitions by setting goals and making lists. I see life as a kind of ladder, and the trick is to work our way up it through hard work and not darn handouts. Promotion is life-affirming to someone like me. In all aspects of life too. Great hub, well written.

    • catalyst20 profile image

      catalyst20 

      8 years ago from Los Angeles, California

      I agreee 100% with the concept of promotion and I would say it also helps us personally in drawing strategies to promote ourselves.

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