Good advice from Stone
I very much like the following advice from Stone Evans. It is tyopical of the kind of help you get when you sign up for Pips!
Stone Evans: Offline Promotion Strategies 101
Hi Edward,
No business can survive the long run without some form of consistent advertising. As a result, most business owners will eventually consider using advertising to promote their business.
The toughest part of the advertising equation is in determining where and how to spend your advertising dollars. If you do it wrong, you could plunk down your entire advertising budget and receive absolutely no return on your investment. But, if you do it right, your advertising could continue to bring a nice return for years to come.
HOW DO I MAKE THE RIGHT ADVERTISING DECISIONS
In order to make good decisions concerning how to spend your advertising budget, you must first have a good understanding of the different types of advertising and promotion available and what can be expected to be achieved by each.
· You must understand which markets the different medias can reach.
· You must understand the demographics of the media consumers.
· You must understand the buying habits of the consumers reached through
the media.
WHAT OFFLINE ADVERTISING & PROMOTION media SHOULD BE CONSIDERED
The media that people think of most often are television, radio, newspaper and magazine advertising. Of course, these are the big boys that big businesses use regularly.
Other methods of promotion include trade shows, press releases, direct sales, telemarketing, word of mouth, branding and billboard advertising.
CONSIDERING THE BIG MEDIA OUTLETS
The big boys of advertising media generally cost big bucks. Given certain circumstances, the big media can be bought for very little money.
Take for example, television, radio and newspapers cost big bucks during their prime times, but can be bought for pennies on the dollar during non-primetime hours.
Television primetime is between 7 p.m. and 10 p.m.. Radio primetime is between 7 a.m. and 6 pm. With newspapers, the primetime is Wednesdays and Sundays.
If you intend to hit a media during prime time, get ready to drop some bucks. Primetime means that you will be able to hit more consumers during these times. So, in most cases, a
primetime buy will enable you to reach more people with your advertising.
Non-primetime hours can still deliver a lot of eyes and ears to your message, and sometimes, these off-hours can be bought for a bargain basement price.
GETTING MILEAGE FROM EVENTS
Trade shows and press releases are more event-driven. The trade show is the event, while the press release generally exploits an event.
Trade shows are an exceptional tool when you deal directly with potential sellers of your products or services. Other shows are directed at the consumer, and those can be very valuable avenues for sales as well.
The press release is aimed towards gaining attention for a business by distributing newsworthy information about the business.
Sometimes the appearance of a business at a trade show or other show can provide the necessary angle for a press release. But most often, a successful press release will actually require more noteworthy information than the appearance of a business at a show.
Yet, even the most mundane of information could be spiced up to give the real air of importance necessary to get your press release read and printed.
The great thing about a press release is that might permit you to get relatively inexpensive promotion on television, radio, newspapers and magazines; for far less than what it would cost you to buy advertising in those same outlets.
UTILIZING A SALES TEAM
Depending on what type of business you run and the consumers you are trying to reach, you might find direct sales and telemarketing to be very lucrative ways to drive sales to your business.
Both are very similar in nature. Direct sales can be very expensive, as it requires a great investment of time to accommodate. Telemarketing seeks to minimize the time
expenditure, but it often leads to a smaller degree of respect and attention.
Depending on your product or service — and always depending upon the people you employ to the task — each method will be more suited to each business on an individual basis.
BRANDING YOUR BUSINESS
I grouped branding and billboard advertising together in my original list for a reason. I did this because billboard advertising serves most businesses best by helping to support
the process of branding.
Branding is the process of establishing your business as the supplier of a certain product or service, or in emphasizing a certain USP (Unique Selling Proposition) as it pertains to your business.
If branding and USP seems to be a confusing concept, think about Wal-Mart and their tag line: “Always Low Prices, Always.”
Think about Ford Motors, “Quality is Job One.”
Think about the Visa Card, “It`s Everywhere You Want To Be.”
You see, these top corporations have managed to make their USP part of their branding.
Even if you are only competing in a local marketplace, your USP can and should fit snugly into your branding strategy.
NO MATTER THE MEDIA OR METHOD
Whichever method or media you should choose to employ in your
advertising and promotion, you should become knowledgeable about your market, and the consumers reached by each media. It is important to understand which consumers can be reached by a certain media, and in what quantities.
However you choose to spend your advertising dollars, you should always track the results of your promotional efforts. Failing to track successes and failures will ultimately lead to the failure of a business.
When you know whom you are trying to reach and how you think you might be able to reach them, you will begin to learn how to use advertising and promotion to make your business successful. That is a good thing — after all, that is why you got into the business in the first place, isn`t it?
Stone Evans, The Home Biz Guy
http://www.PlugInProfitSite.com/main-0/freesetup.html
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“There’s as much risk in doing nothing as in doing something.”
- Trammell Crow, Real Estate Developer and Investor
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(c) Stone Evans, The Home Biz Guy
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What you need to know:
~ I make a great living on the Internet and you should assume that if you click on any link or buy any product mentioned in an email from me that I make money even if I don’t … In other words, even if my emails contain the absolute best content and helpful information on the planet, you should know that I’m running a business here and am working hard to promote products and services that I believe in, and in some cases am partnered with
in a way that brings me some form of compensation … Also, keep in mind that results with any products or service will vary from person to person, as they should
because we are all extremely unique individuals who bring very different knowledge, skills and motivation to the table that affect the outcomes we achieve in our life!
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Build A Biz, LLC
18208 Preston Road, Suite D9-239
Dallas, TX 75252
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