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Understanding
the Different Methods of Offline Promotion
Copyright © Stone Evans, The Home Biz Guy
http://www.pluginprofitsite.com/main-9334
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 media's
can reach.
· You must understand the demographics of the media's
consumers.
· You must understand the buying habits of the consumers
reached through the
media.
WHAT OFFLINE ADVERTISING & PROMOTION
MEDIA'S SHOULD BE CONSIDERED
The media's 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's generally cost big bucks. Given
certain
circumstances, the big media's 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 7pm and 10pm. Radio primetime is
between 7am
and 6pm. 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 knowledgable 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?
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