Advertising can be one of the
fastest ways to market and grow your business or it can
be one of the quickest ways to go out of business. With
the right ad you can attract clients to your business and
increase your profits. With the wrong ad you can spend your
way into bankruptcy.
To grow your business you need to attract the attention
of your prospects, advertising can help you do so if used
correctly. Unfortunately, many small businesses owners waste
thousands of dollars on advertising efforts that only achieve
minimal results.
If you want to get the most from the money you spend to
promote your products and services, make sure to avoid these
common mistakes.
Focusing on Your Products and Services
If you want to get the attention of your prospects, speak
to their needs and wants. Your prospects' primary concern
isn't that you've been in business for 25 years; it is do
you know the problem they want to solve. Use your ad to
identify at least one common problem of your prospects and
the benefit of using your product or service.
Having a Weak Marketing Message
All to often you hear ads and it takes some thought to
figure out what they are even promoting. Make sure your
advertisement includes a 7-10 word description of whom you
serve and the problems you solve so people who read or hear
your ad know how you can help them.
Using the Wrong Words
A word here, a phrase there can change your response rate
by hundreds of percent. When you spend money on advertising,
first test a number of versions of your copy to identify
the one that works best. Just by revising her ad copy so
it was client and problem centered, I helped one small business
owner achieve her best month in sales ever.
Missing Motivation
Most ads miss the mark in moving prospects to action. If
you want to prompt prospects to visit your web site or your
store or to contact you, include an offer that motivates
them to do so.
Lacking in Frequency
Some people make spur of the moment buying decisions, but
most need to become familiar with your services and products,
and this takes time. If you want your advertising to work,
you need to ensure that your prospects see or hear it regularly.
Web Sites that Don't Move Prospects to
Action
Many small business owners direct prospects to a web site
where they have more extensive content covering available
services and products. I constantly get calls from people
who have been successful at attracting prospects to their
web site, but generate few sales.
Once prospects get to your web site make sure the content
and visual organization moves them to take the action you
want them to. Whether it is providing them with ample opportunities
to fill in your service inquiry form, or including a subset
of your product catalog in your web page navigation bars,
help prospects move to client and customer status.
Lack of Follow Up
Sometimes making a sale requires sending a note or picking
up the phone and calling your prospects. If you have an
effective lead generation strategy, prospects will provide
you with their contact information and the problem they
want solved. Use the web, email, and the phone to follow
up and close the sale.
Lack of Tracking
If you are making more from your advertising than you are
spending, you're ahead. Frequently small business owners
can't tell you which of their efforts helped bring in the
business. Track each of your ad campaigns and you'll know
where to spend your money in the future, what to modify
and what to eliminate.
Do you know how many sales and how much money you made
as a result of each of your advertising campaigns?
Are you making any of the above common marketing mistakes?
What elements of your marketing should you change?
Put your marketing house in order. Fix your strategy and
your materials. If you don't know what to change or how
to change it, use experts to help you with strategy, copyrighting,
design, PR, and media placement.
Avoid these common marketing mistakes and you'll find ore
people contacting you about your products and services and
that your making more than your spending on your advertising.
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