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How do you do a promotional analysis?

Analyze trade spend ROI for different promotions, categories, retailers, locations etc. Compare different promotions and know the top and bottom performing promotions. Analyze promotion impact for each month, quarter and year. Have a single window view of trade spend analysis data without switching different systems.

What is promotion analysis?

Promotional analysis is a technique of evaluating success or failure of a promotion using pastime series data. It can be understood as discovering a correlation between sales patterns and marketing efforts which includes promotions offered and advertising.

How do you analyze promotional effectiveness?

From planning to implementing to analyzing, documenting the entire process of a promotion is vital to making it a success. But the only way to determine whether your promotions are truly effective is by accurately measuring the four metrics: profits, sales volume, customer satisfaction, and achievement of goals.

How do you evaluate a promotion?

Evaluate whether the promotion is appropriate for your company. Note the type of promotion, the language used in the marketing copy and the visual impact, and measure it against your standard materials. Look for ways it reinforces your brand image and brand promise, through design style, imagery and voice.

What makes a promotion successful?

Target your effort Promotions can spur purchases by established customers, reel in new customers, draw customers from competitors, get current customers to buy differently, and stimulate business during slow periods. But rarely can one promotion accomplish all of those objectives at once.

What is promotional research?

Promotion is when a business decides which forms of communication it wants to use in their marketing plan. Research is done that details market research, segmentation, and budget. Large companies might choose to do a national campaign, especially if the brand is already familiar to the consumer.

How do you calculate a promotional sales lift?

Promotional lift is the percentage increase in sales or site traffic attributed to a promotional campaign. Promotional lift is measured by calculating the percent change in sales or traffic between a regular (non-promotional) time frame for the business versus a promotional time period.

How do you measure promotion?

Compare attendance during the promotional event to normal traffic. Compare sales during the promotional event to normal sales for that time period.

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