When you spend thousands of dollars on a campaign, you need your investment to pay for itself and then some, so that you can justify its cost.
Many small business owners and large business owners have tried advertising and marketing campaigns that didn't work and the costs could not be justified with sales. It's happened again and again, and I've compiled some qualities that are common to successful marketing campaigns so that you can avoid that hard, disappointing road of investment without justification.
Focus on qualified prospects
Many small business owners think that the more people they reach with marketing, the better. They don't think it's worth it to make their mailing lists smaller and more focused to get more customers. By sending out catalogs, booklets, postcards, etc. to everyone in the phone book, some business owners think their chances of getting a response grows. But think about it: they're just wasting their booklet printing budget by sending booklets and other direct mail pieces to people who are most likely to throw those things away. Wouldn't it make more sense to send marketing pieces to people who are most likely to respond? By focusing on qualified prospects, you can significantly increase your response rate.
Stand out from the crowd
Unless you sell a product or service no one else does, your marketing campaign will need to help your business stand out from your competitors. To stand out, you need to do a little research. By researching your competition and evaluating what they say in their marketing campaign, you can be sure that you don't stress the same qualities they do. If another pizza parlor claims to have the fastest delivery time, don't try to compete by saying you have the fastest delivery time. Focus on something that makes you different, like the freshest ingredients.
Show how valuable you are and focus on solutions
You need to tell customers and prospects how your product is valuable to their lives.
By showing your value, you give people an idea of what benefits they'll get from buying your product or service.
Along the same vein, show how your product or service can solve someone's problem. Everyone is looking for ways to make their lives easier, even if they don't realize it. What I mean is that you should show your product solving someone's problem so that potential customers will see your ad or marketing material and think “I didn't even know that was a problem that could be fixed.” For instance, if your product can save people money on their dry cleaning bills, they wouldn't have even known there was a cheaper way to dry clean if you hadn't told them! Show them your value and how you can solve a problem for them.
This all seems like a pretty tall order for one advertisement, but you can do it! A well-written message along with an effective photo or graphics is all you need to get your points across.
Example Of Small Business
You might already know that Verizon FiOS is great for TV service, but did you know that Verizon FiOS can also have a big impact on your small business? Verizon FiOS has many different tools that can help businesses grow, and the reliability and low cost of the FiOS service is something that every business can use. Here are the top five benefits of using Verizon FiOS for your small business:
1. More Productive Online – One way to cut your business expenses is to cut out the costs of having many meetings. For most small businesses having formal meetings means not only the cost of the employees time to attend but also the cost of providing beverages and a snack or even sometimes a full meal, in addition to the time and expense of travel and document preparation. Cut those unnecessary costs by holding meetings online using the rock solid Verizon FiOS Internet connection. You can hold group meetings and send large files back and forth easily with the fast and reliable Verizon FiOS Internet service.
2. Save Money Using VOIP Phone Service – For many small businesses one of the largest set up costs they have is getting a sophisticated phone system. Most businesses don't need a complicated phone system. Use the high speed Verizon FiOS Internet service and get VOIP phones for you and your employees. You can get all the same features on a VOIP phone as you can with Verizon FiOS and you can save thousands of dollars.
3. Branch Out and Sell Online – If you haven't sold your products or services online up until this point, branching out could give you a great second or third revenue stream. By using the Verizon FiOS Internet service to boost your online presence you can reach an entirely new customer base and add another level of financial security to your business for a very low cost.
4. Run Your Business From Your Home – In this economy, small businesses need to stay agile. The more flexible your business is the more likely it is that you will survive this economic crunch. To save money and reduce your overhead costs, you can use the Verizon FiOS Internet service at home to run your business from home. Your employees can also work at their home using the Verizon FiOS service. You can stay in touch easily with webcams, VOIP phones and instant message chats. If you think outside the box and embrace new technological tools like the Verizon FiOS, you can dramatically increase your profits and cut costs.
5. Hire Employees From Around the World – If you're having trouble finding qualified employees or if you don't have the budget to hire people with the kind of qualifications that you need to make your business a success you can use the Verizon FiOS to expand your reach. With reliability of the Verizon FiOS you can have employees working anywhere in world, meaning you can find exactly the kind of employees that you're looking for and at exactly the salary you want to pay for them.
Both Robert Johnston & Russell Blanc are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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