Archive for November, 2008

PostHeaderIcon Winning the Game of Advertising and Promotion

As a business owner, no doubt you’ve often thought about the question as to how much you should spend on advertising, and where exactly you should spend it. For most people who own small businesses, these questions simply give you more headaches beyond those simply suffered in the normal everyday operation of your business.

No Simple Answers

In fact, there aren’t any simple answers as to how much you should spend on your advertisement.

Depending on your business, there are those who suggest that you should spend anywhere from 4 to 10% of your gross receipts on advertising.

Of course, the conundrum is, it’s likely that your business is not going to survive unless you have a continuing flow of new customers. However, it’s not likely, either, that you’re going to get those new customers without spending at least something on advertising and get the word out about your business.

How to Develop Effective Advertising

Have you found yourself in this situation? You pay for advertising and then sit back, waiting for new customers to arrive. The only thing is, you sit and sit and sit, and they never come. Sound familiar?

Don’t worry; that has happened to many of us as well.

What most people don’t know is that you don’t have to just worry about knowing where to spend your advertisement money.

You also have to establish the following about advertising:

You have to have a marketing plan.

You have to have an advertising strategy.

You have to know about headlines, ad copy and visual presentation.

You have to know how to track the success of your advertising campaigns.

Your Marketing Plan

Your marketing plan is used primarily for you, so that you can identify what your products and services are, what they cost, their particular strengths and weaknesses, and finally, what your competitors’ strengths and weaknesses are as well.

Your Advertising Strategy

You need to understand just exactly what you expect to get from your advertising.

For example, do you just want to get your name out there so that customers will think of you first when they have a particular need you can fulfill? Or do you want your customers to come to you on a particular day, like Saturday?

Do you want your customers to come in and simply browse, whereupon they suddenly come upon an object they can’t do without? Or do you want them to come in and buy a particular product?

Do you want enough customers so that you can pay for your ad? Or do you want a customer who will come to you again and again, becoming a lifelong customer who will help pay your advertising costs over the next several years?

Once you know what you want, you can better formulate just how you should do it.

Ad Copy, Headlines and Visual Presentation

Many businesses actually put money into advertising without thinking much about their sales pitch or presentation; simply, the quality may not be as up to par as it should be. If your advertising is not quality, then it doesn’t matter how much money you spend on advertising or on your distribution, for example.

Make sure you test the advertising you plan to use in smaller markets before you put a lot of money into it to go to larger markets. You have to know that your advertising is going to have value before you put a lot of money behind it.

Track the Success of Your Advertising Campaigns

One particularly successful advertising campaign might be that you can tell your customers to save another 10% if they mention your ad. Or, you can suggest that they can register to win a free sample of product if they fill out a form and tell you how about your business. You can also advertise a particular product in your ad and then track how well that particular product sells.

It really doesn’t matter how you track your advertising, as long as you do.

In Conclusion

The best way to spend your advertising dollars is to make sure you target an advertisement specifically to the customer base you want to serve.

If you don’t track your advertising, then you are simply “shooting blind.” This is a waste of your time and money.

Even with more widespread advertising, if you are still “shooting blind,” then you’re only making a bigger mistake. You have to track your advertisement so that you know what’s working well and what you need to change. If you don’t, you’ll simply repeat mistakes over and over again, and further waste your time and money. This can actually make your business fail.

If you only rely on instinct, this isn’t necessarily going to help you; you may be choosing wrong so that your advertising dollars aren’t getting spent to the best benefit. And in fact, you may lose all of your money for no gain.

When it comes right down to it, if you want to make money from your advertising, you need to prepare, plan, track and study your advertising campaigns and see what the results are. Base your advertising decisions on facts and on the results you see. Once you’ve made the right advertising decisions, making profits from your business should come much easier for you.



By: John Navata

About the Author:

John Navata has helped thousands of people in over 200 countries around the world start and run a successful home business. Discover 3 easy steps to start your own home business and subscribe to “Residual Wealth Factor System” Free Internet Business Secrets Mini-Course. You’ll receive a complimentary 3 days and 2 nights for two when you subscribe at http://www.YourFamilyDreams.com



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PostHeaderIcon Why Plane Advertising?

It might not be an obvious choice for advertising, airplane advertising. We think of radio spots, newspaper advertisements, and – if our budget is large – billboards. We don’t often think of the plane advertising, but we should.

Airplane advertising has many advantages over more traditional advertising that makes it an ideal, if not obvious choice, for use of the advertising dollar. Let’s look at a few.

First, aerial advertising is relatively inexpensive compared to other forms of advertising. You can’t look just at the dollar spent, but the audience reached. That is, when you place a newspaper ad, you consider circulation. Well, you say, that newspaper has a circulation of 100,000, so that many people will see my advertisement.

Not so fast.

Unlike airplane advertising, not everyone who reads the paper will see your ad. That is, if the advertisement is placed in the local section of the paper, your advertisement will only be seen by those people who read that section (some might only read the front section and the sports page, while others might only read the classifieds).

Once people are reading “your” section, there’s no guarantee they will read the ad you want them to read. Many people don’t read the advertisements at all.

How is plane advertising different? It’s different in many ways. For example, you don’t ask potential customers to see your advertisement, you make sure they do. You don’t wonder if they read the airplane message; you know they do. You don’t even have to wonder if they remember the advertisement – studies show they do, when it’s sent to them via banner towing.

Airplane messages are the ideal form of advertising because advertisers don’t have to wonder if their ad was seen, they don’t have to worry that it wasn’t read and they certainly don’t have to wonder if it is remembered.

Aerial advertising has a nearly 100% “seen” rate, in that the majority of people will look to the sky when they are greeted with some plane advertising in the air. The majority of the people who see and read the advertisements will also remember them, so advertisers can be confident that their ads aren’t just seen, they are remembered.

Also unique is that advertisers don’t have to worry they are invading on their potential customer’s spaces. That is, there are no advertisements to place on car windows (which just get thrown away), no living rooms to invade through the television and no billboard to distract driving. While lying on the beach or enjoying a music festival, the potential customer only has to look to the sky to get the message.

Best of all, they remember the ad because it’s novel and creative. They don’t feel as if their lives have been invaded. Certainly, if they want to ignore the banner advertising, they can roll over on the beach, or not look up from the music festival activities, but since most people report a positive response to banner advertising, it’s safe to assume the majority of people won’t do that.

Why do banner advertising? Because it works. Your aerial advertising has a greater chance of reaching the intended audience more than any other form of advertising.

Aerial Advertising services are available from companies that specialize in this type of advertising. The Internet is a good source of information when it comes to choosing aerial advertising services. Arnold Aerial Advertising is one of the companies that provide such services. Located in New York, Arnold Aerial Advertising provides nationwide service with affordable rates.



By: Michael Arnold

About the Author:

Michael Arnold is the Director of Arnold Aerial Advertising Inc. http://www.arnoldaerial.com. They conduct all forms of Aerial Advertising: NASCAR, Indy Car, Spring Break, Concerts, Conventions, Rush Hour Traffic, Football, Baseball, State Fairs, all Beaches, Parades, Cruise Lines, etc. and produce the custom banners as well.



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PostHeaderIcon Plan The Right Internet Advertising Campaign

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Online advertising services and internet marketing strategies also. If you can find an internet marketing company that allows pay on performance packages when advertising online, you are on the right track. There is currently no international unanimity as to whether country of origin or country of destination applies to advertising and marketing on the Internet. Dynamic Digital Advertising knows what it takes to convert searchers into visitors and then into your loyal customers with Internet marketing that works.

If you can find an internet marketing company that allows pay on performance packages when advertising online, you are on the right track. You will need to develop personal relationships with account managers within the internet marketing company you choose to do your advertising with. An internet marketing company will be aware that advertising your banner across search engines is mainly for branding purposes for you company. I have detailed below the most cost effective forms of internet marketing to advertising your business using your company website. We are an internet advertising company that can plan the right marketing strategy for your company’s unique requirements. The advertising and Internet marketing affiliate company takes care of everything and you can focus on building more traffic to your website.

http://www.advertising-internet-online.com/advertising-internet-marketing/



By: Valipat Munpan

About the Author:

Valipat Muenpan is The Webmaster Of The Plan The Right Internet Advertising Campaign – Quickly and Easily! http://www.advertising-internet-online.com/



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PostHeaderIcon Contextual Advertising Network – Xapads Contextual Advertising Network Offering Contextual Advertising Solution

Choosing the Right contextual advertising network or contextual advertising company is such a task which is never easy. There are plenty of contextual advertising networks but it’s very hard to select one which meets to anyone advertising requirements. Every advertiser looks for a contextual advertising network who knows what a advertiser need? How a advertiser could get targeted traffic? How a advertiser could get maximum revenue? How a advertiser could explore his/her business in particular country? A advertising network with good customer support at 24×7 Hrs. A advertising Network with latest and advanced softwares.

 

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By: sachinagg01

About the Author:

sachin aggarwal offering ideas about Contextual advertising with the help of http://www.xapads.com



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PostHeaderIcon Advertising – and Its Association to Other Concepts

Advertising – and its association to other concepts

Introduction:

An advertisement as an object and an advertising as a process has lots of contents and players to bring that concept. As an object it is the Ad designer or the agent who has the role to play, while as a process it is the beholder who has the responsibility to accomplish the objective. In between these two there are other players also to play their separate roles. While the whole issue is to manage and explore the benefits, the role of advertising, being used as a marketing tool can’t be ignored. This is an attempt to define what an advertisement is, and how it is related to other objectives.

Definition

Advertising is a process to communicate the desired message of the producer to the customers. In other words it is the process by which the message is being passed to the consumers by proper means of communication. In a well versed form it is one of the marketing mix to promote goods, services, companies and ideas through an identified sponsor. One of the 4P’s of marketing is the promotion strategy. Advertising being a part of promotional mix helps a lot to the marketers to promote their products.

Elements of advertising Process

There are different elements of advertising. Their relevancy depends upon the demand of a particular situation and so can easily move in the priority list to fulfill the need of the situation. As enlisted and shown in the figure depicted above “an advertisement as a product has several elements to be judged (in the process starting from concept to reality) to come as a product to meet the objective of the company”.

The importance of advertising depends upon various factors such as nature of the product, Industry to which it belongs, competition in the market, market intensity, stage of the product or the brand in its life cycle, effect on per capita consumption, customer loyalty, brand credibility and media.

Advertising is a component of marketing mix has a lot to do in the market to meet an objective of the beholder. Being a communication process to put the information about the intended “idea or thought” to the target audience or defined customers in a manner to satisfy the intended need is not an easy task. In a very subjective way it is all to bring the concept into reality to work and meet the intended need. Through advertisement, the beholder tries to put their information into the market for their ready acceptance. The intensity of competition has led a lot of pressure on promoters and advertisers to make a creative, responding and effective advertisement.

The need of the market has created a different role for advertising to play in the area of marketing. For a well established product or brand, advertisement has to just communicate its relevance by transferring the information to the market. But, for a product or an idea which is either in an initiation stage or just to move, advertising has a lot to do in the market for that product. Nature of the product and its stage in its life cycle is also a great determinant of advertising, to be designed and to get figured in the market.

Four P’s of marketing and advertising

Product and Advertisement: There are three kinds of products shown in an advertisement. They are General Products, Esteemed or logical products and Competitive Products. To advertise a general product information used in an ad is all the benefits of the product and its appeal to the target audience. For logical products the information to be conveyed through the advertisement is the need or satisfaction level to which the product is designed. For competitive product the comparative appeal is used in an advertisement to promote the product.

Place and Advertisement: To convey information through advertisement place strategy covers culture, age, gender, emotion, demography, geography, society, class of people, Income class to be shown in the advertisement and through that to target the desired audience. By this an advertisement helps to promote the product and to reach the targeted audience.

Price and Advertisement: In an advertisement pricing strategy usually designed to convey the comparative benefits and price structure with the competitive products and to target the desired customers to meet the objective.

Promotion and Advertisement: An advertisement is usually defined as a promotion strategy to promote the intended idea and meet objective. When all the other 3 Ps gets compiled in an advertisement it is the advertisement (a part of the promotional mix) which has to serve the intended need.

Advertising budget and cost

There are different categories of advertising media to be used for advertisement. A company has to go through a thorough search of different available options, budget for advertisement, mass effect of the media and analysis of cost and benefit of the available media to meet the objective. The choice of the option depends upon available options, different objectives subject to the restriction of resources to be used. For example to meet the objective in terms of its effectiveness television advertising is used, for others such as for great branding and reach a large audience magazines are used, while to assist in cornering the market mail order and leaflets are used. By advertising one’s business with internet marketing strategies one can save on his advertising budget and one can run his advertising budget into arrears if he starts up his internet marketing with the wrong advertising company. To opt certain media one has to thoroughly evaluate the objectives, resource constraints, target reach, accessibility and per capita effect.

There are different types of advertising. It covers Television, Newspaper, Magazine, Mailorder, Banners, Cost per click, Google SEO, Weblinx etc. While their effect is respectively, mass effect, budgetary effect, cost justification effect , an easy lead access effect, brand development effect, easy access and lesser cost effect, website promotion effect and in budget advertising effect. The criterion to select an option to advertise is restricted with the purpose, the obligation, the resource constraints and the earlier outcomes of those options.

All the efforts for advertising are to put the information in the market and get the desired objective fulfilled. Though the definition is very subjective the outcomes are a mix of qualitative and quantitative one. Examples of subjective outcome is supporting the branding process, place the informations at the right place, stimulating intention and motivation to buy etc while the measurable outcome is sales growth, increase in per capita consumption etc. The measurement of an outcome of a selected option becomes a base for evaluating the decision of the company or the organization moved up with that decision. While the same outcome, becomes an evaluating parameter for others to use, as to evaluate that available option.

An ad campaign has different issues to meet the target. Its content covers, message, appeal, slogan, words, celebrities, media, kind of satisfaction etc. An ad is a complete justification of the need and the requirement. Though the justification has several grounds to get a trade off among different available options, the need to serve and manage that trade off cant be ignored. It is the resource capacity, which ultimately talks about the whole of the advertisement. The other factors which affects the decision is available options and the need.

Advertisement has an important role in marketing to meet the objective of the beholder. For an organization or the beholder for whom it is designed, for the ad designer, for the sponsors, and for the customers as a whole advertising has different meaning. For the sponsor it is the communication, for the beholder it is the objective, for a customer it the rationale to decide. To serve different needs of the society it is designed and used differently. The significance of advertising cant be ignored as it is the mean to communicate and get the desired result. As a mean to inform and to add to the credibility the strategy behind designing an advertisement and its content, there is a lot of factors to be judged and to comply with. Being an effective marketing tool advertisement is used to meet several needs and hence to fill the gap in the market.

Advertising : Different players their association and role :

Manufacturer/Initiator

1. What?

2. How?

3. Where?

4. To Whom?

5. By Whom?

6. How much?

Ad designer/ Ad agencies

1. What?

2. How?

3. By whom?

4. Where?

Sponsor

1. Where?

2. To whom?

3. When?

4. How?

Customers

1. What?

2. How?

3. Who?

Evaluator

1. Shift in per capita consumption

There are five main players playing with an ad concept to come as a product. They are manufacturer, Ad designer, Sponsor, Customers and the Evaluator. These different persons have different roles in formulating the purpose. As shown in the above picture they are concerned with different parts as to play in this process. Though the start and end point is not restricted but it all depends upon the requirement and available options. To enrich their role they have different role criteria either to be put to initiate the concept or to evaluate the same on different grounds, in an advertisement process, as shown in the below mentioned diagram. The terminology and the contents that have been used to define the roles of each head have the effect of their responsibility, the stage where they have to play or contribute and their part in the whole communication process to lead the concept of advertisement into reality.

After fulfilling the initial criteria these all have to stick towards different parts of their role within a predefined set to bring advertisement concept to work. The role of these players and the requirement of their role gets judged with the whole issues as defined in the below mentioned figure.

Ad designer/ Ad agencies

1.Message

2.Content

3.Language

4.Media

5.Target audience

6.Slogan

7.Methods

8.Brand association

9.Customer loyalty

10.Brand acceptance

Manufacturer/Initiator

1.Product/Idea

2.Concept

3.Budget

4.Segments

5.Gender

6.Value addition

7.Associated benefits

8.Celebrities

9.Media

10.Language

Sponsor

1.Budget

2.Cost/benefits

3.Media

4.Timimng

5.Target audience

6.Brand loyalty

Customers

1.Brand value

2.Valueaddition

3.Offerings

4.Ad association

5.Need satisfaction

6.Ad message

7. Earlier experience.

Evaluator

1.increase in per capita consumption

2.Customer acceptance

3.Market credibility

Advertising: Evaluation

Now about the product or the theme which get informed through the advertisement has to take the market acceptance. If the requirement of all meets properly the intention of the message gets served with proper acceptance in the market. Being a challenging and required issue of the market all parts of the process have to meet effectively. Based upon the results in terms of sales growth, market acceptance, and credibility as desired initially the advertisement also required to be evaluated in terms of its effectiveness. There are different methods of evaluating advertisement effectiveness. Few of them are rating point (rp) and target rating point (trp). It tries to show the percentage of the universe of the existing base of users/customers that can be reached by the use of each media outlet in a particular moment of time. The difference in these methods is because of the size of the sample and their dimensions. Hence we can put that these methods could be used to make an advertisement to fulfill the segmentation strategy with the more refined method i.e. trp.

To sum up

Advertising has a critical role in marketing. It helps in promoting the product, improves sales growth, puts the information into the market, effects people to initiate the action. Apart from its role for a beholder for whom it is designed it has a great contribution in generating a sector with employment opportunity and by that creating its contribution to the society. The affect, credibility, and the requirement all could be easily measured by its current role in the market and the economy. From both as a need and as a competitive requirement, advertising serves a lot in the market. Being an important marketing tool it servers the need of all the players and by that proves its credibility to contribute towards the needs and objective.



By: Jyotsna

About the Author:

ICWA, 5years Industrial experience in Auditing,Marketing,Accounting, Research,Publication,Teaching and Finance.
A passion towards learning and getting knowledge and very keen towards any knowledge.



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