Contents
Executive Summary
Definitions and introduction of sales promotion
Literature Review
Couponing Program
Definition
Distribution system
POP Coupons (point of purchase couponing program)
Coupons which are Instantly Redeemable
Coupons delivered on Shelf
Scanned coupons
Coupons through Direct Mailing
Free-Standing Inserts
Online Couponing
Advantage of Couponing System
Low Price or Price Reduction & Repeat Purchase
Sampling Method & Product Establishment
Instrument for Immediate Sale
Limitations of a Couponing Program
Dilution of Customer base and Lack of proper Sales Estimation System
Conceptual model of Consumer Behaviour while shopping in a store and influence of advertising or brand promotion activity like Coupon system in this system
Benefit of Couponing Program in Sales Promotion
Use of coupons in presentation
Conclusion
Description
Marketing as a subject is a fundamental mix of 4 Ps i.e. Product, Price, Place and Promotion and Sales Promotion, to be more specific forms an integral part of this marketing mix for a marketer. Promotional activity for pushing the product sale upwards is essentially termed as Sales Promotion and hence, structuring a Sales Promotion is directly linked of the Net Sales of the said product in the market. We would try and define Sales Promotion, talk about how it is generally structured and to be specific we would discuss the system of use of Coupons in a Sales Promotion activity. The basic objective of using Coupons by a manufacturer or marketer is to boost sale and hence, there are various types of coupons with multiple objective to propagate. There have been many write ups, thesis, journals and cases on this Coupon concept and we would try and touch upon a few of them in this report.