Most small
businesses operate with very small advertising budgets. It is critical
to the success of any business to ensure that their advertising dollars
deliver as much value as possible to the bottom line. Here are some
steps that you can take to make sure you get the most bang for your
advertising buck:
Target your Advertising
Ideally, every ad that you place would be seen only by potential
customers for your business. In reality, you won't find very many
advertising opportunities that deliver such a utopian business
proposition. The real key is to locate advertising opportunities that
will target your potential customers as closely as possible. When
evaluating every advertising offer, ask yourself How closely will this
hit my target audience? Could I do better?. If you are advertising your
new website that offers a new vitamin supplement for dogs, advertising
on a pet website would not be as advantageous as a dog related website.
A website on the topic of dog food and nutrition would be even more
targeted, as almost 100% of the visitors to that site would have some
interest in dog food and nutrition That's exactly the audience you are
looking for.
Vary Your Offers
Remember that your well-defined audience is comprised of certain
groups, each with its own reason to buy your product. On the dog food
and nutrition website, you may encounter breeders, veterinarians,
family pet owners, and breeders. They all want the same thing (a
healthy happy dog) but for different reasons. The breeders wants their
prized stud to live a long life and have lots of puppies while the
veterinarians are interested in offering the best possible advice on
nutrition to their clients, and so on. When you are composing your ad
copy, keep these different groups in mind, Write an ad that speaks to
each of their buying motivations and rotate your ads to ensure you
cover all the potential buyers for your product.
Don't Over-Commit
Many small businesses jump at the chance to buy ads at a volume
discount, cutting their cost per ad buy purchasing 6 months to a year's
worth of advertising up front. On the surface this may seem like a good
way to maximize on your advertising dollars. However, if you've done a
good job of targeting your potential customers, you may be purchasing
too much advertising. It is said that it takes 7 messages from a
company to get the average customer to act and actually purchase their
product. As you define your target market more effectively (from pet
websites to dogs to dog food), that number decreases, as you don't need
to do as much convincing to motivate a potential customer to purchase
your product. Your advertising dollars, therefore, would be better
spent in 3 month advertising programs. After the 3 months, move to
another website or magazine, and continue to rotate your ads to
maximize the reach of your message.
Measure Your Results
Without tracking your ad responses and measuring your results, you'll
never know how well your ads are performing. It is critical to track
your response rates, primarily though the use of tracking URLs. There
are numerous commercial services available to help you track the origin
of your web traffic. Your detailed site traffic logs may also have such
a feature. A tracking URL will still direct surfers to your site but it
will also capture the site from which they came, giving you some
valuable feedback on the performance of your advertising.
Off-line businesses may use coupon or offer codes to determine the
success of their various advertising efforts. Something as simple as a
small numerical code in the bottom right corner of an ad can determine
where a customer saw your ad. This in turn will allow you to compare
numbers monthly amongst your various advertising purchases and weed out
those that are not generating any business for you.
Many people measure ad placements, but this is only the beginning. You
must also evaluate ad copy, timing, and layout. Ads may have seasonal
fluctuations in responses rates and your potential customers may
respond differently to a change in your ad copy. So keep a detailed
tracking spreadsheet to record your ad response in all of these areas.
This will give you the information you need to make informed decision
about your small businesses advertising budget.
Will
Dylan is the Author of Small Business Big Marketing a powerful e-book
for small businesses available through his website www.marketingyoursmallbusiness.com
. Will also offers article and news release writing services.
Check
out this One-Stop Ads, Visitors, Clicks, Actions & Sales