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The successful Philadelphia retailer
John Wannamaker once said, "I know that half of my
advertising is wasted. I just don't know which half."
That feeling of uncertainty about
advertising plagues many business people. They know they
should advertise, but they don't really understand the
process ... so most of them simply end up doing, as one
local businessman said recently, "what my father did."
Regardless of what medium or media you
choose - they all have their strengths and weaknesses -
there are certain principles that always apply.
Effectiveness is a combination of
reach and frequency
"Reach" can be defined as the number of
people who hear or see your message over time.
"Frequency" is how many times the average person hears
or sees your message. Your advertising needs to reach as
many people as possible, as often as possible.
Those million-dollar ads you see on the
Super Bowl have great reach but lousy frequency. An ad
run on the front page of every edition of the
Left-Handed Accountants' Daily (if there were such a
thing) would have lousy reach but good frequency.
Research shows that your prospect has to
hear or see your message more than three times before
they'll act on it. So you need to make sure that the
advertising medium you select has a wide enough audience
for your needs, but more importantly, is designed and
priced for frequency.
Keep your message simple and
consistent
Many people don't realize that if they
run two or more ads in their schedule, they are reducing
their effective frequency. So the best plan, for maximum
results, is to run one and only one ad at a time. If you
absolutely need to run different copy, have your
advertising consultant construct a "shell" that remains
the same, with the different copy inserted into that
shell. That way the first thing your listener hears or
your reader sees is that consistent impression, even
though the middle or your ad may vary.
If you are running in more than one
medium, you'll get the maximum impact if your message is
the same in all media. You should coordinate the efforts
of all your media representatives to make sure that your
message is consistent everywhere.
Concentrate your advertising
A common advertising mistake is to do
too little in too many media. It is better to dominate
one medium than to water down results by spreading out
your ads.
On the other hand, a "media mix" is a
powerful way to get your message to as many people as
possible. There is research that shows how you can
reduce your investment in one medium without
significantly affecting effectiveness - which frees up
budget that can be used in another medium. (Our radio
marketing consultants have the details on this.)
Test your advertising
Most of the time you don't just throw
money down a hole and expect it to work for you ... and
you shouldn't do that with advertising, either!
Advertising should be an investment, not an expense.
If a friend of yours told you about an
investment that produced a guaranteed 50% return - and
you could verify it absolutely - you'd scramble to find
as much money as you could to put into it. Similarly, if
you are getting measurable results from your advertising
program and you know how and why, you'll advertise more!
Smart business people test their ads,
their schedules, and their media - but not all at the
same time! You need to test only one variable at a time.
How do you test? Well, you don't test a
medium by asking customers to "Mention you heard about
it from ..." People don't do that! The best way to test
is to run one ad, one schedule, one medium at a time -
and see what happens to your traffic and your cash
register. (Be sure you understand how much time you need
to give the medium and the schedule to work; your
advertising representative can help you with this.)
Keep testing
Once you've found the ideal medium or
media for your business, understand that things can
change over time. Here are some reasons to reopen the
issue:
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The competitive situation among
media has changed (more media competitors, new
opportunities, different rates, etc.).
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Your "share of voice" on your medium
or media has changed (your competitors are
advertising more, so your message is cutting through
less).
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You have saturated the prospects of
a given medium (declining traffic is one indicator
of this).
Keep advertising!
There's an old saying: "A funny thing
happens when you don't advertise - nothing." If you want
your business to grow, you have to get your name and
your products or services in front of your customers and
prospects - and keep them there.
Even if you just want your business to
stay where it is, you need to advertise - because it's a
proven fact that you will lose up to 25% of your
customers each year to relocation, competitors or death.
A brief commercial
As we've said elsewhere, we are not in
the business of "selling ads." We sincerely want to help
you achieve the greatest possible success, and
advertising is an important part of that success. We
want to work with you in a marketing partnership to
suggest proven, creative ways to achieve greater success
through advertising. If we mutually determine that our
approach can help you, nobody will work harder to earn
and keep your business - and we'll even suggest
complementary media when appropriate.
But if our exploration shows that one or
more of our stations are not right for you at this time,
we'll suggest media that are more on target. We'd rather
part friends than rope you into something that doesn't
work!
We'll be delighted to provide you with a
no-cost, no-obligation marketing needs analysis. It'll
take just a few minutes, and the information will be
well worth your time. For more information, contact
Mindy via
email or at 928-402-9222.
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