What advertising medium will you use? Much of this will depend upon revenue dollars you have available in your advertising budget and the demographics of the audience you are trying to reach. For example, a home-based landscaping business could make effective use of fliers placed in local businesses along with a possible radio advertisement spot, advertising a free estimate for services. Since the business will not expand past the local demographic area, television ads and billboard advertising would not be an effective option.
Attention-getting consumer sales promotion is aimed at grabbing the customer's attention and enticing them to remember, buy, or use your product. Discount and deals messages are always popular with customers and help to draw in new business as well as bring back old customers. You can never say enough about customer loyalty. Returning customers are the lifeblood of your business. Other effective methods used to draw in new customers and increase sales are coupon mail-out campaigns, television, radio, magazine, outdoor advertising and internet advertising.
An exciting way to make use of internet advertising is by developing your own website with each product having its own micro site you can click on, learn all the details about the product, and see a demonstration of its use as you are then directed to a printable coupon for the product.
Here are more money saving advertising ideas. Save money buying regional ad space rather than local space in television and magazine ads. These are sometimes available at a fraction of the cost of regular ads. Discounts are available for advertising agents. If you act as your own advertising agent, you could save as much as 15 percent on advertising costs. Re-use old campaigns. If you had a successful campaign from years ago that is not outdated, re-use it. If it worked once, it may very well work again.
A professional advertising company can help you develop the most cost-efficient and effective advertising strategy for your company. The advertising company will re-evaluate your message and product offerings and expand upon your opportunities to reach a broader market. Many advertising firms offer either a free or a low-cost initial evaluation.
Sources:
Make the Most of Your Advertising Dollars - Entrepreneur.com
Published by Janet Hunt - Featured Contributor in Business & Finance
Janet Hunt is a freelance writing professional specializing in business and finance. She has published articles for such online publication sites as Demand Studios, Associated Content, and various other onli... View profile
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29 Comments
Post a Commenti really needed these tips. thanks a lot!
Yes, we are a marketing society. This is necessary. ;-)
Cool ideas, and a few new ones I never thought of before. I will BM this'n for the future.
Awesome advice!!
Awesome tips!
Excellent suggestions.
Nice job, Janet!
Really good info. This is a tough topic for a small business owner, as I remember from my experiment in owning a small business.
Nice job, Janet.
Great info, thanks.