Here's a common lament from people promoting a small business: "I just
spent $700 on advertising and got only two responses. Help!" And from
those who've grown a business successfully I've heard: "I've built a
half-million-dollar business without advertising. I guess it's time
now."
Both of these comments derive from misconceptions about advertising
-- as if it's the obvious and only choice for gaining new customers.
Not at all. If something about your business is newsworthy, media publicity
can bring you more credibility and visibility than advertising. If your
product or service requires that customers trust you, personal networking,
publishing articles that demonstrate your expertise and public speaking
pay off better than advertising.
Effective advertising begins not with a knee-jerk assumption that it's
the only way to attract buyers, but with an analysis of the typical
decision cycle with respect to what you're selling. What is the way
in which people typically realize that they need your service or product,
and how do they usually go about making the decision to buy it? Given
that, can advertising can reach prospects at a crucial point in their
decision cycle and influence them to come your way?
For a service like plumbing, people usually decide to buy when a problem
of crisis proportions has occurred. They find a plumber either by word
of mouth or by sending their fingers walking through the Yellow Pages.
Advertising plumbing services in a magazine or through sales letters
most people would receive when they weren't experiencing a problem wouldn't
work. Yellow Pages ads are the plumbers' #1 marketing vehicle.
For something like computer software, people generally have the leeway
to investigate options over a period of time, and might look to magazines
that cover software for leads and recommendations. Here advertising
consistently in magazines read by your target audience makes perfect
sense.
For products and services people may want but not urgently need, like
self-help books, exercise equipment or vision improving surgery, attention-getting
ads in magazines, newspapers and on television can create interest and
with repetition, inspire people to act. However, this works only with
a careful match between the product or service and the audience of your
chosen advertising vehicle.
For advertising to pay off, avoid impulse buying of ads. When I ask
people why they chose their advertising vehicle, I sometimes hear, "It
seemed like a good idea" or "I subscribe" or "They offered me a good
deal." Instead of this haphazard approach, be specific about the population
you're trying to reach and investigate which options will actually reach
that population at the best price. A reference work on advertising media
called Standard Rate & Data Service, available at many public libraries,
will be helpful, as will statistics in the media kits provided free
by any medium that sells advertising.
Be strategic in your advertising approach and your new lament may be
"The phone is ringing off the hook. Help!"
Boston-based marketing and publicity consultant Marcia Yudkin is a syndicated
columnist through ParadigmTSA, a public radio commentator and the author
of nine books, including Six Steps to Free Publicity and Persuading
on Paper: The Complete Guide to Writing Copy that Pulls in Business.
She also delivers eye-opening, content-rich seminars on publicity and
marketing to business and professional groups nationwide.
Read about the dynamics of visibility.
Read about visibility for small companies.
Read about offers for ads.
Copyright 1996 Marcia Yudkin. All rights reserved.
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