Forms of Sales Promotion
To stimulate purchase, there are many sales techniques and it is still increasing with the development of new way to reach the consumers. The important sales promotions methods are:
Free Sampling
Although it is expensive but powerful tool of sales promotion used to gain consumer acceptance and to popularize the product. It is best suitable for FMCG. It gives the opportunity for consumer to test product before buying it and make their choices.
Coupons
Coupons are meant to provide a price-off to consumer upon redeeming the coupon.
Trade Incentives & Allowances
Trade incentives provided to retail managers and sales people to increase loyalty on the basis of performing tasks such as displaying merchandise or selling certain lines of merchandise.
Price-offs
promotion which entails a reduction in the brand's regular price.
Contests and sweepstakes
Contest and sweepstakes is a form of consumer oriented promotional program in which winners receive prizes, cash, or merchandise.
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