How do you know when your advertising dollars are
being well spent?
Effective Advertising How do you know when your advertising dollars are
being well spent? First, let’s expose two of the most common fallacies
about advertising. Number one is that good advertising magically
generates so many leads you have trouble keeping up with them. Number
two is that advertising is some big executive’s hyped idea that never
worked in the first place. The truth, I propose, lies somewhere in the
middle.
If no one knows about your company and it’s
product(s) and service(s), then you can bet you won’t be in business a
long time. Advertising is just one method of getting your prospect’s
attention, and because we live in a society where we have to fight for
any even small piece of “mind share,” advertising has become even more
of an art form.
When you learn a fine art such as painting, you
discover how to put on the exact colors, utilize the right amount of
raw material, as well as apply the proper strokes to shape your visual
communication. So too in advertising. There are rules that take into
consideration the psychological aspects of motivating your potential
customer to intuitively respond to your message.
The first key in any marketing/sales process is
building rapport – making a connection – and advertising can help
create a “warm” environment where people become interested in listening
to you. If you pique their interest with a good ad, as well as reach
them at an emotional point where they need, or even better want, your
product and services, you have a much better chance of getting the job
or closing the sale. Advertising gives your company an edge by helping
you to get your share of whatever business is around and by surpassing
your competition.
What then comprises effective advertising? What
are these aforementioned rules (not tricks) of the trade? Marketing
experts have discovered three important elements in direct response
advertising including direct mail and email campaigns that are “must
knows.” These elements are: the Target List, the Copy, and the
Graphics.
The Target List The key to knowing what mail or
email list to buy lies within your company’s strategic positioning and
differentiation. Ask yourself, what type of companies would benefit
from my products(s) and service(s), what interests them, and why would
they want to buy from our company versus anyone else? Keep your focus
narrow, and don’t make the mistake of trying to provide everything to
everyone.
Identify those firms within your geographical
area (provided you have one) that you are willing to service. If the
populous is large enough, you may want to buy from a reputable list
broker. If you can create the list yourself from regional resources,
make sure to put the information into an open database and obtain
accurate information. Most important, be sure you have the correct
contact name and phone number of the person who would make the buying
decision.
The Copy Find your killer headline – that hook
that makes them say “yes” so they continue to read your promotion and
immediately recognize you in the future. Tell them why you are unique
and the best choice to fulfill their construction needs. This, of
course, requires you to know all of their needs – the more, the better.
Now state your benefits and then your features.
Your benefits are what you provide that interests the prospect. Your
features are what they expect to get. Good ad copy appeals to the
buyer’s emotions first; then tells them what bang they are going to get
for their buck. Then it asks for the order, or in the case of a longer
sales cycle, requests action from the potential buyer; for example, to
call you or visit your website for more information.
The Graphics Graphics create associations that
enhance your image regarding credibility and whether or not you are
successful and to be trusted. Visuals need to be interesting and
eye-catching so your ad stands out and helps facilitate an emotional
response of well-being.
In the case of construction companies, ads can
also point out your most high profile projects and the excellence of
your work. If your company does not have established branding
guidelines, then you might want to consult a professional to create the
right message and deliver it in a consistent manner that significantly
increases your chances for success.
For small business owners, the task of learning
marketing can be overwhelming and the cost of hiring professionals
prohibitive. It does take time to master these skills, but with a
little attention on a consistent basis, one can learn enough to market
their firm successfully. To be really effective, any information you
receive from people who make a living at marketing or public relations
should come from those who have years of experience in your industry.
Carefully plan your campaigns for maximum
effectivity, and don’t forget to employ the tried and true tactics of
testing and tracking. On an enterprise level, business software for
tracking advertising includes MarketingPilot and Aprimo. Among numerous
packages for smaller companies are ProAnalyzer, Clearmetric and
AdRevolver.
Numbers don’t lie, and the smartest business
decision is to reinvest additional advertising dollars into the areas
that are actually showing results for your company.
About the Author
Cathy Taylor is a marketing consultant with over
20 years experience. She specializes in strategy and plan development,
as well as management of communications and public relations programs
in both the high-tech and small business sectors. She can be reached at
Creative Communications: creative--communications@cox.net.