Sales Promotion Agency in Pune
We generate brand-building activation ideas that engage your consumers and lead to measurable results. Our sales promotion encompass a variety of short-term techniques designed to attract your consumers to respond to your brand in a positive way. The most effective sales promotion is directly associated with product purchasing. This sales promotion is intended to enhance the value of your product by either reducing the cost or by adding more benefits to increase sales.
Our sales promotion techniques also can be used to achieve your other objectives such as building brand loyalty or creating product awareness. Consequently, Fulcrum team a large variety of consumer promotions.
Contests, Sweepstakes, Games Loyalty Programs Sampling and Product Trials Sponsorships
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Contests, Sweepstakes, Games Loyalty Programs Sampling and Product Trials Sponsorships
Benefits of Consumer Promotion
A successful promotional campaign has the capability to nurture relationships with consumers through maintenance and engagement. The following is a list of just a few of the myriad benefits that consumer promotion can provide to a brand.
When the aforementioned benefits of consumer promotion are considered as a whole, it is clear that they are indeed extremely helpful in driving revenue, creating brand engagement and enabling companies to acquire new consumers. Consumer promotion is undoubtedly an efficient and effective vehicle for marketing communications. For consumers, sales promotion provides a direct and often rational motivation to purchase the product being promoted.
A promotion allows brands the opportunity to communicate on packaging and enables them to focus campaigns around an event. ComA promotion allows brands the opportunity to communicate on packaging and enables them to focus campaigns around an event. Communication is a skill that creates formidable relationships with consumers that make your brand unique.munication is a skill that creates formidable relationships with consumers that make your brand unique.
A brand is not the only one who can communicate a consumer promotion. Word of mouth is one of the most positive forms of communication, especially if it is coming from a friend or colleague, as they are usually a trusted and reliable source. Give your consumers a reason to be surprised and they will make sure your reputation thrives.
A brand needs to be different to survive, and a consumer promotion can be a fantastic way to make a brand stand out from the crowd. It holds the potential to add unique value to a customer through a competition or unique experience, creating a reason to choose your product in a crowded market.
Simply put, more sales from your promotion will create higher revenue. However, brands need to always calculate their costs and ensure they are aware of how many people may redeem the promotion and ensure that it is a profitable endeavor.
A consumer promotion often becomes an event for the company, which then allows it to focus all its channels of marketing. A focused approach can force a firm to change the way they market themselves and create brand engagement through those changes.
When customers attempt to redeem promotions, brands can often retrieve data such as email addresses and their home address. This creates the opportunity to target a customer through segmentation; you can then use direct mail or email campaigns to create personalized marketing.
All the points above drive sales and make consumers’ decision-making much simpler. If a brand is offering a similar product but something additional, then the consumer will often want more for their money.
Sales Promotion Strategies
Sales promotion strategies can be divided into three broad types. These are –
- Pull Strategy – The pull strategy attempts to get the customers to ‘pull’ the products from the company. It involves making use of marketing communication and initiatives like seasonal discounts, financial schemes, etc.
- Push Strategy – The push strategy attempts to push the product away from the company to the customers. It involves convincing the intermediary channels to push the product from the distribution channels to the final consumers using promotional and personal selling efforts. This strategy involves making use of tactics developed especially for resellers, merchants, dealers, distributors, and agents.
- Hybrid Strategy – A hybrid sales promotion strategy makes use of both the pull and push strategy to sell the product with the least resistance possible. It involves attracting the customers using special coupons and also providing incentives to the merchants to sell the brand’s products.
Sales Promotion Techniques Targeted To Consumers
Sales promotion tools used for consumer-oriented promotion are –
- Free Samples: Distributing free samples increases brand awareness and triggers the psychology of ownership where the person chooses the promoted product if he liked the sample.
- Free Gifts – Offering free gifts attract customers as they get more while paying for less.
- Discounts/Discount Coupons – Discount coupons are a great method of increasing sales for the short term. People go for discount coupons as they let them buy the products they couldn’t afford otherwise.
- Exchange Schemes – Exchange schemes attract many customers as they get some value even for their old product.
- Finance Schemes – Finance schemes like no-cost EMI, low-interest EMI, etc. makes it easier for customers to purchase expensive products.
- Shipping Schemes – Sometimes huge shipping costs discourage the customers from buying products. Such short term shipping schemes remove friction.
- Bundle Discounts – These deals are a great way to reduce unsold inventory. It includes selling bundled products at a price lesser than when those number of products are bought separately.
- Bulk Purchase Deals – This is a great sales promotion tactic to reduce unsold inventory. It includes providing discount to customers who buy in bulk.
Sales Promotion Techniques Targeted To Traders
- Point Of Purchase Displays – This includes providing free point of purchase (POP) display units to the retailers to increase their sales.
- Trade Shows – Trade shows are a great sales promotion strategy where the business promotes its product to thousands of traders in the trade show. Trade shows also witness huge discounts as compared to when bought usually.
- Push Money – Also known as spiffs, this technique includes extra payments to traders to motivate them to meet specified goals. For example, giving them a 50% bonus per unit for selling product A and 30% for selling product B for a specified time period.
- Deal Loaders – These are the gifts provided to the traders (wholesalers and retailers) for ordering a certain quantity of product.
- Trade Deals – These are special concessions provided to the merchants to encourage them to promote a specific product and increase its sales for a limited time period.
- Buying Allowances – Special discounts provided to the sellers when they order a specified number of products.
Pune, is the second largest city in the state of Maharashtra and the seventh most populous city in India, with an estimated population of 7.4 million as of 2020. It has been ranked as “the most livable city in India” several times. Along with the municipal corporation limits of PCMC and the three cantonment towns of Camp, Khadki and Dehu Road, Pune forms the urban core of the eponymous Pune Metropolitan Region (PMR).
According to the 2011 census the urban area had a combined population of 5.05 million whilst the population of the metropolitan region was estimated at 7.4 million. Situated 560 metres (1,837 feet) above sea level on the Deccan plateau on the right bank of the Mutha river, Pune is also the administrative headquarters of its namesake district.The largest city of Maharashtra, Pune contributes a GDP(PPP) of $78 billion.
Pune was part of the Jagir (fiefdom) granted to Maloji Bhosale in 1599 for his services to the Nizamshahi (Ahmadnagar Sultanate). Pune was ruled by the Ahmadnagar Sultanate until it was annexed by the Mughals in the 17th century. Maloji Bhosale’s grandson, Chhatrapati Shivaji Maharaj, the founder of the Maratha Empire, was born at the fort of Shivneri, about 90 km from Pune. It changed hands several times between the Mughals and the Marathas in the period 1680 to 1705.
After the destruction of the town in raids by the Adil Shahi dynasty in 1630 and again between 1636 and 1647, Dadoji Konddeo, the successor to Dhadphale, oversaw the reconstruction of the town. He stabilised the revenue collection and administrative systems of the areas around Pune and the neighbouring Maval region. He also developed effective methods to manage disputes and to enforce law and order. The Lal Mahal was commissioned in 1631 and construction was completed in 1640 AD.
Pune is situated at approximately 18° 32″ north latitude and 73° 51″ east longitude. The city’s total area is 15.642 sq. km. By road Pune is 1,173 km (729 mi) south of Delhi, 734 km (456 mi) north of Bangalore, 570 km (350 mi) north-west of Hyderabad and 149 km (93 mi) south-east of Mumbai.
Pune lies on the western margin of the Deccan plateau, at an altitude of 560 m (1,840 ft) above sea level. It is on the leeward side of the Sahyadri mountain range, which forms a barrier from the Arabian Sea. It is a hilly city, with Vetal Hill rising to 800 m (2,600 ft) above sea level. The Sinhagad fort is at an altitude of 1,300 metres (4,300 feet).
The old city of Pune is at the confluence of the Mula and Mutha rivers. The Pavana, a tributary of Mula river and Indrayani river, a tributary of the Bhima river, traverse the northwest suburbs of Pune.
The second largest city of Maharashtra, Pune contributes a GDP(PPP) of $48 billion. Pune has the fifth largest metropolitan economy and the sixth highest per capita income in the country. The key sectors of the local economy are education, manufacturing and information technology (IT). Pune has historically been known as a center for higher education and has been referred to as the educational capital of India. In 2016, it was reported that nearly 500,000 students from across India and abroad study in Pune at nine universities and more than a hundred educational institutes. It is known as Industrial powerhouse of Maharashtra. The city is widely known for its IT and manufacturing industries. Industrial areas are developed in Pimpri-Chinchwad, Chakan, Indapur, Ranjangaon etc.
It serves as headuqarters to Kirloskar Group, Bajaj Auto, Serum Institute of India, Tata BlueScope Steel, Bharat Forge, Kalyani Group, Tata Steel Processing and Distribution etc. Public sector undertakings such as Hindustan Antibiotics, Maharashtra State Agri and Rural Tourism Co-operative Federation Limited, Pune Mahanagar Parivahan Mahamandal Limited are based in the city. Pune is a major manufacturing and industrial hub. It has established industries in the fields of automobile, ekectronics & hardware, aerospace, pharmaceuticals, locomotives etc.
The eighth largest metropolises in India, Pune is located in the state of Maharashtra. It is the second largest city in the state after Mumbai, and is an important city in terms of its economical and industrial growth. Once the hometown of Marathas and a centre of power for the Maratha Empire, the presence of the numerous edifices in Pune links to its rich and glorious past. The city leads as the ‘veritable heartland’ of cultural Maharashtra. Pune also has made its mark as the educational epicenter winning itself the sobriquet, ‘The Oxford of the East’. Not just that, it has a growing industrial hinterland, with information technology, engineering and automotive companies sprouting. The city is known for cultural activities like classical music, spirituality, theatre, sports, and literature. Pune is a pleasant travel getaway destination to spend a quiet holiday.
Pune Municipal Corporation (PMC) is the civic body responsible for local government. It comprises two branches, the executive branch headed by the Municipal Commissioner, an IAS officer appointed by the Government of Maharashtra, and an elected deliberative branch, the general body, headed by the Mayor of Pune. Municipal elections are held every five years to elect councillors, commonly known as “corporators”, who form the general body. The current general body of the PMC elected in February 2017 has 162 corporators representing 41 multi-member wards (39 with 4 corporators each and 2 with 3 each). The general body, in turn, elects the mayor and the deputy mayor.
The city has a population of 3,124,458; while 5,057,709 people reside in the Pune Urban Agglomeration as of the 2011 census. The latter was c. 4,485,000 in 2005. According to the Pune Municipal Corporation (PMC), 40% of the population lived in slums in 2001.
Since Pune is a major industrial metropolis, it has attracted migrants from all parts of India. The number of people migrating to Pune rose from 43,900 in 2001 to 88,200 in 2005. The sharp increase in population during the decade 1991–2001 led to the absorption of 38 fringe villages into the city. The top five source areas of migrants are Karnataka, Uttar Pradesh, Andhra Pradesh, Gujarat, and Rajasthan. The Sindhis in the city are mostly refugees and their descendants, who came to the area after the partition of India in 1947. Initially they settled in the Pimpri area, which is still home to a large number of Sindhi people. However, they are also present in other parts of the city. As agriculture has dwindled in recent decades, immigration of the erstwhile rural peoples now accounts for 70 percent of the population growth.
Pune Suburban Railway (electric multiple units) (popularly called local trains) connect Pune to the industrial city of Pimpri-Chinchwad and the hill station of Lonavala. Daily express trains connect Pune to Mumbai, Nashik, Ahmedabad, Chennai, Delhi, Hyderabad, Nanded, Jaipur, Raipur, Nagpur, Visakhapatnam, Thiruvananthapuram, Kochi, Coimbatore, Bangalore, Allahabad, Kanpur, Howrah, Jammu Tawi, Vijayawada, Darbhanga, Goa, Gwalior, Varanasi, Bhubaneswar, Ranchi, Patna, and Jamshedpur. At Pune, there is a diesel locomotive shed and an electric trip shed. Pune Railway Station is administered by the Pune Railway Division of Central Railways.
Public buses within the city and its suburbs are operated by Pune Mahanagar Parivahan Mahamandal Limited (PMPML). PMPML operates the Rainbow BRTS system, the first of its kind in India, in which dedicated bus lanes were supposed to allow buses to travel quickly through the city. The project has turned out to be a failure, receiving little patronage from the local citizenry. Maharashtra State Road Transport Corporation runs buses from stations in Wakdewadi, Pune station, and Swargate to all major cities and towns in Maharashtra and neighbouring states.
Pune International Airport at Lohegaon is one of the busiest airports in India. The airport is operated by the Airports Authority of India. It shares its runways with the neighbouring Indian Air Force base. In addition to domestic flights to all major Indian cities, the airport has international direct flights to Dubai, operated by Air India Express, and SpiceJet. Pune International Airport at Lohegaon was ranked third best in the category of 5-15 million passengers by Airport Service Quality
Market Yard is a marketplace in the city of Pune. It is known for wholesale of the vegetables, fruits & flowers.
Market Yard was shifted originally from ‘khalchi mandai’ from the peth area in Pune in order to expand the vegetable and fruit supply throughout the Pune City.
It was in 1980, when the then chief minister Sharad Pawar shifted the APMC market from mandai in Budhwar peth to the existing Market Yard at Gultekdi. This was carried out under the guidance and efforts of Late. Murlidhar Pandharinath Ghule, a trader in the old APMC market.
Phoenix Market City is a shopping mall developed by Phoenix Mills Limited, located in Pune, Maharashtra. It was opened in January 2011 and is one of the largest malls in India, with a retail area of 1.19 million square feet. It is located in the Vimannagar area of Pune.
Phoenix Market City has four floors of retail space and several features such as a retail zone, a food court with fine dining restaurants and quick service restaurants and a nine-screen PVR Cinemas.
The Bal Gandharva Ranga Mandir is a drama theatre with an auditorium and exhibition hall located in Shivajinagar area of Pune, India. It is named after Marathi singer and stage actor, Bal Gandharva.
Just 2 km from the Pune Railway Station lies this popular retreat for people of all ages. The gardens are situated next to Fitzgerald Bridge and take their name from the bund, or dam, on the Mula river.
Jehangir Hospital is a 350-bed hospital in Pune, Maharashtra, India. Sir Cowasji Jehangir and Lady Hirabai Jehangir founded the hospital on 6 February 1946.
The Jehangir Nursing Home was set by Sir Cowasji and Lady Hirabai who donated the land to start the hospital. The villa was called Ready Money Villa but they named it after their son Jehangir who passed away that year. The hospital began with 8 beds and Eduljee H Coyaji was asked to helm Pune city’s first private hospital in May 1946.