Sales Promotion: Definition, Examples & Strategies
Sales Promotion is a marketing technique that uses short-term incentives, such as discounts, coupons, or contests, to encourage immediate purchases and boost sales.
Why is Sales Promotion important?
Sales Promotion is important because it can drive short-term sales, encourage trial of new products, and create a sense of urgency, ultimately boosting revenue and brand awareness.
An Easy Way To Understand Sales Promotion:
Think of sales promotions as limited-time special offers, like a "buy one, get one free" deal or a 20% off coupon. They create excitement and encourage people to buy now rather than later.