3. It has been suggested that over 70 percent of all
buying decisions are made in the store and as a result, point-of-purchase
advertising has grown in its appeal. Give three examples of point-of-purchase
advertising that you have recently come across (ads in-store, personal selling
by a cosmetic counter salesperson, etc.) and comment on the effectiveness to
them of this type of advertising. Did you buy the product? Did the advertising
annoy you? Moreover, in the role of a marketing executive, would you recommend
spending part of your advertising budget on this form of media?
In today's market point-of-purchase
(POP) marketing is crucial because "70 percent of all buying decisions are
made in the store". As a result of the suggestion that there is a high
number of in store decisions to be made as a marketing executive I would strongly
recommend budgeting part of my advertising budget in POP marketing.
There are many examples of POP
marketing throughout retail by targeting the consumers impulse to buy. One
example of this happened to me the other day. When grocery shopping at the
checkout line I came upon the candy and gum placed at the checkout stand. I had
no intention of buying the gum and candy purchased but because of its location
along with the sale display caused me to purchase this item impulsively.
Another example of a POP tactic is
the idea of placing coinciding items next to each other. For instance, when you
are in a sporting good store, a store correctly implicating POP marketing
tactics will place tennis balls near a tennis racket. Near where they sell
basketball hoops will be basketballs, bets, pumps, ect. An example of this came
up in my life recently. I was in the market for a new grill. When I purchased
the grill I realized that I would need to buy grill utensils and propane. All
of these items were conveniently in the grill section next to the item I
initially came to the store to purchase. I had no intention of purchasing the
additional items but because of the signs and placement I made additional
purchases.
Although POP marketing can be
effective there are several instances in everyday life that can have an adverse
effect on the consumer. One instance of in-store POP marketing which
adversely effected me was during an in-store demonstration. A chef was at a
grocery store trying to sell his different flavored butters. Because of his
aggressive sales pitch and finding his voice and approach irritating I did not
purchase this butter. Although I did not purchase the butter this tactic can be
effective as it gets the consumer thinking about a product they normally
wouldn't notice. Because I got try try the butter and was being hard pressed by
a salesperson I would tend to believe there was an uptrend in the sale of
butter for that day.
The above are only a few examples of
POP marketing. Although not every tactic works all of the time, it is a must
for retailers to try to use these tactics to help elevate impulsive buys.
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