Small Business Advertising Doesn't Have to Mean Big Costs
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Advertising is the "no brainer" most small businesses think of when considering ways to grow their business. It is as if a voice in their head says, "Hey, you should run an ad!" Although ads can be effective, they may not be as effective as other business growth tactics. However, if advertising is a definite next step for you, be sure to know the myths from the facts: it can save you a ton of money and time.
Here are 7.5 of the biggest myths in advertising for the small business owner. Be sure you do not fall into one of these and instead get great results with your advertising.
Myth #1: "My (insert family member) has Photoshop and can create a great ad for me." How many times have I heard this? When you design an ad, it is a bit more than a high school project. Use a pro. Whether you pay $10,000 or $100, use a pro. Use someone who has EXPERIENCE in designing ads, has a track records, references and even better if they can show you ads built for other clients in your industry. That will save you time and money.
Myth #2: "My ad should show discounts and specific pricing." Like the graphic comments in #1, use a pro copywriter. Any experienced and business-savvy copywriter will tell you to NOT go into discounts in your first ad. Well, hopefully they do. You want to convey in your copy why anyone should come to you and be a client. What makes you UNIQUE? What separates you from the noise and herd of competitors? The copywriter should certainly know to write the copy from the perspective of the customers’s experience -- not the business owner honking their own horn. Honk the horn, but do so for what the customers are saying not you beating your own chest. The cost does not change but the impact could be huge!
Myth #3: "I want a cool ad that stands out so I have to have killer graphics." Not so fast. Are you trying to impress yourself or your friends with cool graphics, or use graphics to underscore and reinforce your value message? Nothing is more ineffective than an ad -- full of discounts and tacky clipart or overdone graphics. As in #1 and #2, use a pro. Someone who is business-savvy, has experience in your industry, has a list of clients to refer you too. Smart copy and design with the customer's experience in mind will not only be more effective to produce, it will help you keep your focus and probably save money too.
Myth #4: "2" x 2" should be a good size to start." If you paid attention to Myth's #1 - #3, do not go cheap on the size. Buying ad space is a lot like buying hard drive or memory for your computer -- buy as much as you can afford. No one EVER complains about having too much memory or disk space. The larger the ad, assuming it is done correctly, conveys an overwhelming and compelling message, the better the result. That is not to say only buy large media spots. What I am saying is for you to buy as much ad space as you can possibly afford. You will not regret it. If need be, start small if that is your budget and grow your ad dollars as your business improves.
Myth #5: "If other ads are on the same page, it must be a good spot to put my ad." Placement is important. If you can secure an inside cover or the back of the printed piece (magazine, etc.), do it. But the costs are much higher. Instead, try to place your ad near articles that are similar to your product or service. For example, if you offer kennel services, have your ad run adjacent to an article on vacations (where to put the pets?). Sometimes you cannot really drive where the ad will run in a newspaper or magazine. However, utilizing inserts, pullouts and other attention grabbing tactics can be effective but also more expensive. Whatever your ad, work closely with your professional to determine the best sought-out spot for your product/service, the type of print media and the target audience you seek. Many times the selected media will have someone to work with you in making a business-based choice rather than an emotional one.
Myth #6: "My ad ran for 6 weeks, and I didn't see any results." Frequency vs. consistency is the key here. If an ad runs for 6 weeks, each week, possibly multiple times a week over 6 weeks, and zero results are seen, it could be for many reasons. Let me give you a few: (a) the ad looked just like any other and blended right in; (b) the copy did not convey any compelling value; (c) the graphics were undercooked or overdone; (d) the media choice turned out to be entirely inappropriate for the product/service; (e) the target audience is not reading the media choice; (f) any combination of the above; (g) all of the above. Really, it is true. Advertising is a bit science and a bit art. The key is to do your homework, think your approach through, be sure to know why the ad would cause anyone to pick up the phone and contact you. Always think from the customer's perspective. Why you? Why your products? Your professional advisor should help you avoid many of the typical potholes. I have seen ads take MONTHS to work. Advertising is a game of patience as much as anything else.
Myth #7: "I'm sure my ad works, but I couldn't tell you how much." Metrics NOT at work. I have to grin whenever I hear a client tell me something similar. They have ads, they are pretty sure they work, but they don't know for sure, don't know how much and can't tell you why! The problem with that is IF they have an effective ad, it could be adopted to other markets and grow more income. There are many ways to leverage this information, if it is known. Take the time to measure your ads' impact. Give it time (see #6 above) and track your results. Here is the kicker: If the ad does not seem to work, and you did your homework, do not scrap the ad. Instead, "tune the ad" by enlarging the headline, changing the headline, increasing the font size or overall ad size. Small changes are what you want to do. Even better: run multiple versions of your ad and see which one works best. Then adopt the others to resemble the most effective. Be patient. Your ad may be a killer, but it may take time to prove itself.
Myth #7.5: "The ad is running! I'm done!" Nope. Once the ad is in play, you have metrics to track, analysis to perform and subsequent changes to possibly introduce to your not-so-effective ads. You have to decide to be committed to doing the homework I have already mentioned to you today plus the tracking and being patient. If you do, not only will you find the best ads that work for you, but also your income will explode as new customers seek you out. You do not have to spend a ton of money; you do have to spend a ton of time doing the homework and experimentation to figure out which approach works best for you. That alone will save you a lot of cash and frustration.
How your business is perceived is vital to your customer loyalty; customer loyalty is the key to long-term business success. To learn more, call us at 786.399.6571 or email us at info@perceptionlab.biz.
Like what you read? There is more: check out businessmri.blogspot.com for more. Listen to our podcast with iTunes (search for "mark ware" or "perceptions").
This email and its content are copyright 2006 Perception Lab, Inc. All Rights Reserved. This email and its contents cannot be reproduced without written permission. Please feel free to forward this unaltered email to all of your friends. For reprint permission, please contact us.
To unsubscribe to this eZine, first realize you will be missing out on powerful insights each week at ZERO cost to you; sometimes, they are even funny (or at least cute). Second, simply click reply and put "unsubscribe" in the subject. You are done.
™© 2006 All Rights Reserved Perception Lab, Inc.
Advertising is the "no brainer" most small businesses think of when considering ways to grow their business. It is as if a voice in their head says, "Hey, you should run an ad!" Although ads can be effective, they may not be as effective as other business growth tactics. However, if advertising is a definite next step for you, be sure to know the myths from the facts: it can save you a ton of money and time.
Here are 7.5 of the biggest myths in advertising for the small business owner. Be sure you do not fall into one of these and instead get great results with your advertising.
Myth #1: "My (insert family member) has Photoshop and can create a great ad for me." How many times have I heard this? When you design an ad, it is a bit more than a high school project. Use a pro. Whether you pay $10,000 or $100, use a pro. Use someone who has EXPERIENCE in designing ads, has a track records, references and even better if they can show you ads built for other clients in your industry. That will save you time and money.
Myth #2: "My ad should show discounts and specific pricing." Like the graphic comments in #1, use a pro copywriter. Any experienced and business-savvy copywriter will tell you to NOT go into discounts in your first ad. Well, hopefully they do. You want to convey in your copy why anyone should come to you and be a client. What makes you UNIQUE? What separates you from the noise and herd of competitors? The copywriter should certainly know to write the copy from the perspective of the customers’s experience -- not the business owner honking their own horn. Honk the horn, but do so for what the customers are saying not you beating your own chest. The cost does not change but the impact could be huge!
Myth #3: "I want a cool ad that stands out so I have to have killer graphics." Not so fast. Are you trying to impress yourself or your friends with cool graphics, or use graphics to underscore and reinforce your value message? Nothing is more ineffective than an ad -- full of discounts and tacky clipart or overdone graphics. As in #1 and #2, use a pro. Someone who is business-savvy, has experience in your industry, has a list of clients to refer you too. Smart copy and design with the customer's experience in mind will not only be more effective to produce, it will help you keep your focus and probably save money too.
Myth #4: "2" x 2" should be a good size to start." If you paid attention to Myth's #1 - #3, do not go cheap on the size. Buying ad space is a lot like buying hard drive or memory for your computer -- buy as much as you can afford. No one EVER complains about having too much memory or disk space. The larger the ad, assuming it is done correctly, conveys an overwhelming and compelling message, the better the result. That is not to say only buy large media spots. What I am saying is for you to buy as much ad space as you can possibly afford. You will not regret it. If need be, start small if that is your budget and grow your ad dollars as your business improves.
Myth #5: "If other ads are on the same page, it must be a good spot to put my ad." Placement is important. If you can secure an inside cover or the back of the printed piece (magazine, etc.), do it. But the costs are much higher. Instead, try to place your ad near articles that are similar to your product or service. For example, if you offer kennel services, have your ad run adjacent to an article on vacations (where to put the pets?). Sometimes you cannot really drive where the ad will run in a newspaper or magazine. However, utilizing inserts, pullouts and other attention grabbing tactics can be effective but also more expensive. Whatever your ad, work closely with your professional to determine the best sought-out spot for your product/service, the type of print media and the target audience you seek. Many times the selected media will have someone to work with you in making a business-based choice rather than an emotional one.
Myth #6: "My ad ran for 6 weeks, and I didn't see any results." Frequency vs. consistency is the key here. If an ad runs for 6 weeks, each week, possibly multiple times a week over 6 weeks, and zero results are seen, it could be for many reasons. Let me give you a few: (a) the ad looked just like any other and blended right in; (b) the copy did not convey any compelling value; (c) the graphics were undercooked or overdone; (d) the media choice turned out to be entirely inappropriate for the product/service; (e) the target audience is not reading the media choice; (f) any combination of the above; (g) all of the above. Really, it is true. Advertising is a bit science and a bit art. The key is to do your homework, think your approach through, be sure to know why the ad would cause anyone to pick up the phone and contact you. Always think from the customer's perspective. Why you? Why your products? Your professional advisor should help you avoid many of the typical potholes. I have seen ads take MONTHS to work. Advertising is a game of patience as much as anything else.
Myth #7: "I'm sure my ad works, but I couldn't tell you how much." Metrics NOT at work. I have to grin whenever I hear a client tell me something similar. They have ads, they are pretty sure they work, but they don't know for sure, don't know how much and can't tell you why! The problem with that is IF they have an effective ad, it could be adopted to other markets and grow more income. There are many ways to leverage this information, if it is known. Take the time to measure your ads' impact. Give it time (see #6 above) and track your results. Here is the kicker: If the ad does not seem to work, and you did your homework, do not scrap the ad. Instead, "tune the ad" by enlarging the headline, changing the headline, increasing the font size or overall ad size. Small changes are what you want to do. Even better: run multiple versions of your ad and see which one works best. Then adopt the others to resemble the most effective. Be patient. Your ad may be a killer, but it may take time to prove itself.
Myth #7.5: "The ad is running! I'm done!" Nope. Once the ad is in play, you have metrics to track, analysis to perform and subsequent changes to possibly introduce to your not-so-effective ads. You have to decide to be committed to doing the homework I have already mentioned to you today plus the tracking and being patient. If you do, not only will you find the best ads that work for you, but also your income will explode as new customers seek you out. You do not have to spend a ton of money; you do have to spend a ton of time doing the homework and experimentation to figure out which approach works best for you. That alone will save you a lot of cash and frustration.
How your business is perceived is vital to your customer loyalty; customer loyalty is the key to long-term business success. To learn more, call us at 786.399.6571 or email us at info@perceptionlab.biz.
Like what you read? There is more: check out businessmri.blogspot.com for more. Listen to our podcast with iTunes (search for "mark ware" or "perceptions").
This email and its content are copyright 2006 Perception Lab, Inc. All Rights Reserved. This email and its contents cannot be reproduced without written permission. Please feel free to forward this unaltered email to all of your friends. For reprint permission, please contact us.
To unsubscribe to this eZine, first realize you will be missing out on powerful insights each week at ZERO cost to you; sometimes, they are even funny (or at least cute). Second, simply click reply and put "unsubscribe" in the subject. You are done.
™© 2006 All Rights Reserved Perception Lab, Inc.

