If you have been in business for awhile, it has already happened to you - probably more than once. In fact, probably often. And if you are new to the retail world, you can bet the mortgage that it will eventually happen to you.
What is it? It's when you get that big black checkbook out of the center desk drawer, and you sit down across from some media salesperson, and you write out some kind of a check for some amount, for some kind of promotion advertising expense, and you have no earthly idea whether you made a good decision, bad decision, when you'll know, how you'll know, if you'll know.
I detest that kind of uncertainty. I don't like to play guesswork games with my money and I bet you don't either. I'm going to tell you how to eliminate it, how to make every dollar you spend on advertising and marketing measurable and accountable.
The Best Place To Spend Your Hard Earned Money On Advertising Is Direct Response!!
All advertising can be one of only two types – either "Institutional Advertising" or "Direct Response Advertising." It is monumentally important to understand the difference.
Most advertising in magazines, newspapers, on radio, TV, and billboards is institutional advertising. It is Institutional advertising because in most cases, there is no way of accurately tracking response. Most advertising agencies like institutional advertising since, without tracking, they canNOT be held responsible for zero results. If an ad campaign does not produce the results they want, they blame it on:
1. The economy 2. The weather 3. You didn't run the ad often enough 4. YOU (your merchandise, your service, your image, etc.)
You Can't Deposit “Creativity" In The Bank
Unfortunately, most advertising agencies are interested In being creative and cutesy.
That's what wins advertising awards. I think this is absolutely ridiculous. The advertising field gives awards based on creativity, not results. Many ads that have won top awards didn't produce any substantial increases in sales.
Direct response advertising, on the other hand:
1. Contains a headline that flags your prospect and creates curiosity 2. Creates interest in the merchandise 3. Creates desire in the prospect 4. Has a specific offer 5. Has a deadline 6. Has measurable results
Why is this so important? Two reasons:
1. Most businesses have limited capital to spend on their marketing and advertising (unless you are Coca Cola or Microsoft). Since you have a limited budget, why waste it on advertising that you are not sure is working?
2. The only reason a business would advertise is to get more customers and sell more merchandise. A direct response ad concentrates only on this purpose. First, it contains a headline that attracts the attention of the specific customer you want to in your store(s).
Then, it makes a complete and compelling case for the reason for your offer. Next, it proves to the customer that the reason for the offer will solve some problem in the customer's life or provide some valuable benefit to him.
It states specific reasons, facts, and statistics, as well as testimonials from other customers to validate the claims. Then it tells the reason why you are able to make such an attractive offer. It tells the customer what to do in order to gain the benefits of the offer.
It creates "urgency" by telling the customer that he must act now in order to gain these important benefits, and why this offer is so limited, either by time, or by the quantity available.
Finally, it must contain a way for you to track exactly what sales or customers were generated by that particular ad.
Now that I have defined for you the difference between institutional and direct response advertising, here's the big question that you have to ask yourself before you make every future marketing and advertising decision. Does the advertising that you are considering meet all six of the criteria that I outlined above? If is doesn't, then pass on it as quickly as you can say:
"I'm Mad as Hell and I Refuse to Be an Advertising Victim Again!"
Luckily, it doesn't have to be hard to pick out an IT consultant, Here Are some guideposts you can use in picking out your IT consultant. A Contract Programmer or an IT Consultant? There are rather a few contract programmers out there masquerading as IT consultants. A real IT consultant isn't in the business of writing code; rather, he's in the business of solving troubles, and code just happens to be one of the way that he (or she) does it. Conversely, a contract programmer will desire you to write out exactly what variety of program you want him to write. He doesn't solve problems; he just writes code the way he's told, and hopes it will fix the problem at hand. With a proper IT consultant, you wind up with a answer that leaves everyone glad. Concentre on gains, not engineering. Some IT consultants can get covered up in their technology; it's not grand to see consultants who specifies in "AS/400 mainframes" or "embedded systems", for case. A real IT consultant, though, focusing on benefiting his client, using whatsoever technology is needed, rather than on what technology he's familar with. You want to take someone that's accomplished at working out troubles, and that will use the engineering that's best suited to your concern, whatever it may be. You shouldn't have to picking a consultant established on what engineering he's familar with; he should be able to take care of almost any technological trouble, either by doing the work himself or outsourcing to someone in his net of contacts. Pay Up only for measure. Amateur IT advisors incline to care for their time, not by the value of the work they perform; so do get programmers. Real IT consultants, though, direction settled on value supplied to you, NOT established on time. This is because amateurs are scared that they won't be able to complete the project in a reasonable amount of time, so they want reassurance that they'll be got for their time in any place. Experienced IT consultants, though, are assured in their ability to deliver code under their appraisal, they are assured in their power to provide value, and they that they can provide value that's worth MORE than their time is. You shouldn't be making an investment determination every time you consider calling your IT consultant. It forever takes time. Some consultants will provide to send you a proposal after a ten or twenty minute phone conversation. It is unacceptable to accurately assess your situation that rapidly; they are trying to offer you with a 'one-size-fits-all' package. Real IT consultants will not make provide you with resolutions, proposals, or fees until they know enough about your business to have an knowing view. Unless your consultant is ready to expend enough time to really know what your trouble is, you won't end up with the answer that you really require, because your consultant is making random shafts in the dim.
Both Travis Lee & Ada Denis 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.
Travis Lee has sinced written about articles on various topics from Customer Service, Advertising Guide and Build Online Business. Keith Lee, owner of American Retail Supply headquartered in Kent, WA became president of the business in 1981 and later bought the business from its founder Dick Thompson. Although Lee credits much of their growth to increased product offering. Travis Lee's top article generates over 3600 views. to your Favourites.
Ada Denis has sinced written about articles on various topics from Credit Cards, Finances and Marketing. . Ada Denis's top article generates over 110000 views. to your Favourites.