h67- Newspaper advertising is a tremendous source of new business
that for so many businesses doesn't ever reach its true
potential. These 3 steps will help you change that forever!
You're about to find out the mistakes that your competitors keep
on making, and to start using techniques proven to grab your
prospect's attention and draw out responses that turn your ad
into the 'customer producer' you always knew it should be.
Small Business Realities
All business owners want to increase sales, generate more
customers, and make more money. Yet few take the necessary
actions to do so. Providing a quality product or service is
simply not enough.
Many business owners think they need to set an advertising
budget, send out a few sales letters, put a few coupons in the
local circular, run a newspaper ad, hand out flyers, and do a
bunch of other things 'trying to get their name out there'.
The problem is... a small business that uses that approach
wastes a lot of potential. Spending money on this type of
exposure is known as advertising. The goal of advertising is to
establish a brand name, build an image, and achieve top of the
mind awareness. These are some fancy terms taught in business
school, but unfortunately they steer everyone in the wrong
direction.
You see, small businesses aren't supposed to advertise.
Advertising is all about repeating exposures and building an
image. Think about all of the many McDonalds commercials you see
on television in a week. That's 'high frequency'. Don't they all
seem to show a feeling of friendship, eating happily with family
("we love to see you smile")? That's image.
Do you think they intend to get you up out of your seat and go
to your local McDonalds right as you're watching the commercial?
Not really. OK, they hope you might, but that's not what they
intend. They are paying to have you see their message so many
times that when you are ready to buy their product you will
remember them and go there. Now,let's get to work on your steps
to advertising success.
Proven Step #1
So what method will work for your business? It's called direct
response marketing. Here's an example. Have you ever bought
anything after watching an infomercial? Even if you haven't,
infomercials work, they make a lot of people a lot of money. It
might surprise you, infomercials are not advertising - they
don't try to build an image or get you to remember a brand, the
products aren't even sold in stores!!
What do they do?
** They take a receptive audience.
** They get them excitedly to pick up the phone and buy. They
create action!
This is why most newspaper ads don't deliver big results. Most
newspaper advertisers choose the commercial, but you want the
infomercial. Your one and only goal in newspaper advertising is
to create action.
In the usual types of Newspaper Directory ads you're dealing
with very targeted prospects. These are people looking up your
company type and ready to call you. That's the beauty and the
curse of Newspaper Directory ads. The beauty is prospects can
find you easily, the curse is that your competitors are right
there with you!!
So how do we get them to pick up the phone and dial your number?
Use direct marketing...which is:
** Directly target a group of people who are in the market for
your product or service.
** Offer them what it is they want.
** Generate a response by forcing them to respond to your offer.
Proven Step #2
Your competitors probably waste a lot of money because they're
charged for people who will never even consider their offer.
There is a definite and specific market for your service and
these are the only people that you should aim your offer to.
For example, if you repair dental equipment you want to market
your service to dentists, oral surgeons, etc.. But it's not
generally that easy.
Consider a Home Cleaning Service in a suburb of Cleveland that
advertises in the Cleveland Plain Dealer due to the tremendous
readership. If 75% of the cleaning company's clients and target
prospects are 3 person families and larger, with incomes of
$100,000 per year, living in suburbs A, B and C., they've wasted
a big chunk of money. Here's why.
They just spent a lot of money for an ad that will be seen by
college students, low-income families, and others that would
never consider using their services anyway. Their high
percentage prospects make up only a small readership of that
paper. Who knows what percentage of those people will see the
ad?
Maybe there's a magazine or community mailer that caters to
middle/upper class families in a county neighboring Cleveland or
in one of the many suburbs. Sure, maybe the readership is
nowhere near as large but the lower cost and targeted readership
will generate a much greater return on the company's investment.
A mailing list of 3-person households and larger with incomes
above $100,000, who moved to such-n-such city or county within
the last year can be purchased. Direct marketing targets the
people most likely to respond to your offer.
Proven Step #3
Most advertising has no offer. And so the prospect has no
incentive to respond right now. Direct response always tries to
get a response by offering something of value to your prospect
right now.
Using the home cleaning service in the example above, you could
offer a free hour of cleaning, 20% off the first job, a free
pack of sponges and a bottle of Simply Green or anything of
value that will cause a person to act.
Since the offer is subject to your terms, you set a date when
the offer expires, a number they have to call, a letter that
they must bring in, a form that they must fill out.
So, at the end of your promotion you know exactly how much was
spent reaching how many people. Also, you will know how many
people responded and how much business was generated.
Most of your competitors don't do this little analysis! They
repeat campaigns that cost more than they bring in. So they are
forced to set advertising budgets that limit the amount of
advertising they can run each year.
But, if every one of your promotions cost you $55 and brought in
$225 in business, why would you need a budget? Wouldn't you just
keep repeating the promotion over and over?
Your goal should be to repeat and improve what works for you. If
you do, you will not need a budget and you will be able to
predict what kinds of repeat and new business each promotion
will generate.
Bob Markovsky
45gbgf-Three Proven Steps to Improve Your Home Business Advertising
Posted on February 1st, 2007 by: Bob Markovsky
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