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Advertising has truly become a part of all of our lives as consumers, as business owners, as parents, as concerned citizens. We simply cannot escape from its presence no matter how hard we try. Considering how pervasive advertising is in our daily lives, it’s no surprise that people have such extreme views about it.

Many home-based business owners want to steer clear of it altogether. They might dabble in marketing or use some sales strategies, but most don’t want much to do with actual advertising. Unfortunately, this is a mistake on their part and it usually comes as a result of not understanding the purpose of advertising.

So what is the true reason for advertising? According to Michael Corbett, author of The 33 Ruthless Rules of Local Advertising, you should advertise “to create an equity position in a target market and to …motivate a sufficient number of consumers…” In simple language, you advertise so that people will know you exist and will keep you in business. What’s so evil about that?

Absolutely nothing! Here are a few very good reasons why you need to start advertising today:

1. Potential customers are constantly shopping

The truth is that most people are always looking for ways to spend their money. They don’t always realize it, but they are. That’s why banner ads, commercials, and billboards work even though they are being viewed miles away from the business. If you don’t advertise, you’re missing out on a chance to tap into that human desire.

2. Potential customers may forget you

While the desire for shopping may be permanent, a consumer’s memory is not. Even if they have had a tremendous experience with your business, even if they’ve recommended you to their friends and family, even if you were the only company they ever thought of doing business with, after awhile they would forget you or forget how to get in touch with you.

3. Potential customers don’t always make buying decisions immediately

Another tried and true rule about consumers is that they don’t always decide to buy as soon as they see an ad. For example, if you see a commercial for a fast food restaurant right after Thanksgiving dinner, you’re not going to run right out to the drive thru after seeing the commercial. However, the next time you’re hungry, you might remember that commercial and choose to stop in then. So the idea of advertising is to plant an image in consumers minds so that when they need your product, your business comes to their minds.

4. Customers rely on name recognition to guide their consumer choices most of the time

Why do people still buy name brand products over generics even when the price difference is significant and the quality of the products is equitable? Because of name recognition! Consumers respond to names that are familiar whether they are buying a new car, a computer, a lawyer, or ketchup. If you want to succeed, you need to be sure that your targeted audience will know your name when they hear it and will think of your name when they need your product. Advertising can make that happen.

On the other hand, many business owners see advertising as a quick fix. If business gets a little slow, a newspaper ad or a direct mail piece will fix everything in a jiffy. That’s not the case either. Let me give you a few reasons why.

1. Advertising works on a six month cycle

Many times when people think their advertising hasn’t worked, it’s because they haven’t waited long enough to see results. Generally, the advertising you do today won’t fully pay off for another three to six months. For that reason, if you want to ensure a consistent stream of customers, you need to continue to advertise all the time. Advertising only when business is slow simply won’t save your business because by the time you start seeing results, it may be too late.

2. Your problems are related to another step in the process

Another reason advertising can’t cure everything is that simply attracting customers is only one step of the process. Once you lure them in, you need to have the content or the customer service to convince potential buyers to take that next step. If any step in the process is lacking, then no amount of advertising is going to help.

3. You are neglecting your current customers and their potential

Don’t make the mistake of focusing all of your efforts on finding new customers when your best source of additional revenue is being neglected. Past customers are more likely to become repeat customers, plus they don’t require the additional expenses of marketing and advertising.

As you can see, the truth about advertising is that it can be a powerful force for your success if handled correctly. Too many people see it as an evil force or as a business miracle when the reality is somewhere in between.

———–
Vishal P. Rao is the owner of Work at Home Forum, an
online community of people who work from home.
———–

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It certainly pays to have professional help when it comes to running advertising campaigns, but with some tips and good creatives, you should be able to run your own advertising campaigns effectively.

Running Your Own Advertising Campaigns

Follow this step-by-step guide to running your own advertising campaign to ensure success:

1. Conduct a Market Research

Identify your target market as mentioned in the article Choosing Websites to Place Ads at http://www.momtycoons.com/promotion/advertising-websites.shtml. Conduct a thorough research on where you will find your preferred customers. See where your competitors are advertising.

A simple way to see where your competitors have incoming links from is to go to http://www.marketleap.com/publinkpop/ and type in your website address and 3 of your competitor’s URL’s. You will see a chart showing comparisons between your link popularity and yours. Click on each Search Engine name to see all the inbound links of the 4 websites (including yours).

For offline advertising, identify local and budget publications that reach your target market. Your goal should be to reach the people who are most likely to respond to what you offer.

2. Decide Upon Your Advertising Budget

It is important to decide beforehand how much money you want to spend on a particular advertising campaign so that you do not end up wasting your precious bucks. Deciding how much to spend depends upon your financial ability and the size of your business.

3. Plan Your Campaign

Plan your campaign in advance. For planning an effective campaign, you will need to mix-and-match various forms of advertising. An example of how to break down your budget into various forms of advertising is shown below:

Total Budget - $1000

Online Advertising

Press Release - $100
Website Advertising - $100
Pay-Per-Click Advertising - $100
Ezine Advertising - $90
Sponsored/Text Links on Websites - $70
Classified Ads - $40

Offline Advertising

Promotional Items - $200
Print Shopping Guides - $50
Classifieds - $100
Flyers - $150

4. Prepare Excellent Advertising Material

Before you start implementing your planned campaign, aim yourself with adequate and quality advertising material. For online advertising, prepare good quality graphic banners in various sizes and compelling text ads of varying word-lengths. Write or get professionally written, an interesting press release. Your ad creatives and text ads are extremely important to your campaign. DO NOT risk designing them yourself unless you are extremely good at doing it. Saving a few dollars here may cost you your entire advertising campaign! Leave this job to the professionals.

For offline advertising, have adequate printed material on hand. This will include form mailers, brochures, flyers, signboards etc.

5. Begin Your Campaign

Send out your press release. I recommend PRWeb. This is not the place to try saving a few dollars so avoid sending only a ‘free‘ press release as it will get you nowhere. Go in for their paid press release distribution programs. The extra $50 will be worth a lot more!

Book ad spots on various websites and in Ezines and Newsletters. Buy clicks on relevant keywords from ‘Pay-per-click Search Engines‘. Place text ads/classifieds/directory listings etc. in various websites, directories and indexes.

For Offline Advertising, start distributing brochures and mailers, send out mailers etc.

6. Track Results and Work on Your Campaign

Once your advertising campaign gets started, you will need to track the results of each form of advertising. Allow 3 to 6 months time for advertising forms which are performing well to judge their performance accurately. If some means of advertising do not work at all or bring in results that are not at all cost-effective, discontinue them. See which text ads, banners and keywords (in pay-per-click) bring best results and use them again. Try using different keywords and monitor the results.

You must daily track all your ads actively and keep tweaking the ads to get the best performance out of them. Some banners, texts and keywords will perform very well while others won’t. Only through effective tracking will you be able to make your campaign a success.

Hiring an Agency

If you have an advertising budget of $25,000 and more, you should consider hiring an Advertising Agency to work for you. Advertising agencies have experienced staff for writing ad copies, designing compelling graphic ads etc. and they will place your ads on relevant websites and ezines and also provide you with ad tracking stats, thus making work easier for you.

About the Author:

Lata Tokhi is a successful website publisher with a network of popular websites. She shares her internet success secrets with you at http://www.MomTycoons.com

Visit some of her other popular websites at http://www.DotComWomen.com, a Home & Lifestyle website and an online community and http://www.Celebrating-Christmas.com, a complete Holiday portal.

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Most small businesses have limited marketing communication, aka advertising, budgets making it even more crucial to research thoroughly; select the best medium(s) and target prospects carefully.

The following list contains seven suggestions for achieving “champagne” results on a “beer” budget!

1. Develop one or several, robust customer referral programs

Although most business owners acknowledge that customer referrals generate a great deal of their new business, very few have implemented a “formal” referral incentive program, even though this is one of the most effective, least risky way to acquire valuable customers particularly if you’re a service professional!

Example: Offer current customers who refer a friend a free month/hour of service; instant “bottom of the bill” credit; or free merchandise AND a “spiff” for the “referee”! The details are up to you I go into much greater detail of types of referral programs in my book, “Marketing, The Art and Science of Getting and Keeping Profitable Customers” if you’d like to learn more.

2. Dance with the Guy Who Brought You

There is absolutely no reason to ditch old marketing collateral (marketing lingo for brochures; direct mail letters; signs; point-of-sale displays; ad copy; promotions, etc.) if they still work! It’s okay to use the very same creative, send it to the very same prospects and/or run it in the very same publications over and over again, as long as it generates the desired results. However, it’s always a great idea to continually conduct small, statically valid tests of new looks, offers and messages.

3. Don’t overdo the quality and quantity of your advertising pieces or media mix

Smart marketers know when to “put on the dog” and when it’s a waste of money. Falling in love with fancy four-colored brochures; glitzy magazine ads; primetime TV spots; or silver-embossed letterhead is a huge mistake.

The sales vehicles, look and feel, and quality of all of your marketing communications must be appropriate for your product or service and most importantly, have a measurable impact on its effectiveness.

For example, variables like paper quality and graphics on a direct mail letter are far less important than the offer, so you could potentially save thousands of dollars by cutting back on the frills. The opposite is true when you’re developing a professional brochure meant to represent your company to the outside world.

Bottom line: Don’t do fancy for fancy’s sake it’s a waste of money; unproductive and may even be totally inappropriate for your target audience.

4. Use studies, reports and articles to assist in educating potential customers about your products or services

This is a wonderful, low-cost way to add clout! Can you imagine including a New York Times article on obesity with your nutritional services direct mail piece? What an impact! Or perhaps the same nutritionist would enclose a reprint of a medical report that linked certain childhood diseases with poor eating habits?

5.Use Boiler-Plated Literature Templates

What a simple, but powerful, tip! A very perplexing, and often expensive problem is how to develop market-appropriate material for diverse audiences without going broke.

The solution is simple. For instance, you can develop various sales letters using a “boiler plated” template; identical layout and content that are suitable for any audience. However, several predetermined sections are left blank for personalization. This is often called “modular literature”

6. Don’t change your own car oil

How do you think I know this? You’ve probably had similar experiences You know the ones trying to save a few bucks by doing it yourself? So off you go drive to the store; wait in line; ask questions; look at the merchandise; select the oil, pan, funnel; wait in line to check-out; pay the cashier $24.97; drive back home; try to jack up the car so you can get underneath it to put the pan in place; undo the screw; get some oil in the pan; get most of the oil on you; get the funnel and fill it with the new oil; close everything down; throw your oil-laden shirt in the trash; and take a shower.

Cost? $24.97 in stuff; $1.32 in gas; $25.00 ruined shirt; 3.25 hours of your time; $1,000,000 in frustration All this, when you could have had it done for you for $32.00!!

Lesson learned: Know what’s best left in the hands of professionals. Low cost is not always best cost!

However, there are times when doing it yourself is smart! If you’ve got better than average computer skills or design talents it’s easy to create things like business cards, letterhead and bill stuffers but please, unless you’re an ad buyer by trade, do not try to buy, book or design ANY media (especially TV and radio) by yourself! Trust me, you’ll waste more money than you’ll save!

7. Pay suppliers on time

Not only will you endear yourself to vendors, but you can take advantage of your suppliers’ standard early pay discounts or create your own! This also saves money on late fees and will surely make vendors more likely to extend even better prices and offer you ongoing top notch service.

Mary Eule specializes in helping small and medium-sized businesses get and keep profitable customers. Formerly a Fortune 500 marketing executive; founder of two successful small businesses and award-winning speaker, Ms. Eule is President of Strategic Marketing Advisors, LLC. and co-author of a new book, “Marketing: What it Really Means and How to Make it Work for Your Business”. She holds a master degree in marketing from Johns Hopkins University. Log onto http://www.StrategicMarketingAdvisors.com for free articles, newsletter and helpful tools, tips and templates .

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