By Hector Cisneros
Courtesy of Pixabay |
Shoot - Ready -
Aim - That's the most common method, small
businesses use when implementing their marketing. A common scenario goes something
like this. An advertising sales rep will
pitch them on some marketing, and if they like what they hear, they make the buy.
Often the sales rep will be armed with some statistics that have little relevance
to the business’ target market. But in most cases,
the small business owner doesn’t fully understand
what the sales rep is telling them. And to avoid looking uneducated, they avoid
asking the hard questions. To make matters worse, most small businesses don’t
know what their target market is, what their unique strengths are, what their weakness
are and who their real competition is. In this episode of Working the Web to Win, we will explore all these questions and
more as we tackle the all so common problem of Shoot, Ready, Aim.
Common Bad Behavior from Unscrupulous Reps.
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This kind of scenario
would almost always be avoided if the small
business would have taken the time and made an investment in creating a marketing plan. This plan would have incorporated their target market.
It would have included their target market's demographics and the target market
psychographics. They would have learned as much as they could about who and what
their competition was doing, and what they should be doing. They would have spent
the time to develop their unique selling proposition (USP), create their compelling
offer and establishing their marketing budget. Last but not least, they would have
invested some time and money in A/B market testing.
Free Help is Worth its Weight in Gold.
Courtesy of Wikimedia Commons |
How to Budget Without Breaking Your Pencil.
Courtesy of Pixabay |
Easy Budget Stretcher for All Businesses.
Now let’s talk about
how to stretch and grow your budget. Most small businesses don’t like to run test ads. I am often
told it is a waste of money. The real waste isn’t testing. In fact, every
time you run an ad you are testing to see if you guessed right! It’s always better
to run a small test ad to see if your message or offer produces a positive result.
Here are a few methods you can use to do low-cost
tests for your message and offer.
Courtesy of Pixabay |
- Run a test ad in the classified section of a low-cost circular or the newspaper.
- Send out an email customer survey that asks them to evaluate your message and offer.
- Ask people in social media to provide an honest opinion of your message and offer.
- Blog about your message or offer and ask readers to give you feedback. Post this to your social nets.
- Run a test ad on Craigslist in several local areas (or maybe even outside your local area).
- Place an ad for your product on eBay with your message and offer.
- Run PPC ads on the Google banner network to test your message and offer.
- Create a Facebook boosted ad to test your message and offer.
Keep in mind that
you may have to run several of these tests to make sure your target sample is big
enough to get a result. If may be necessary to run your test in multiple mediums
as well. Remember, if you think your message is a good one, running this test will
either confirm your beliefs and you will make money or it will show you that you
need to do more homework.
Other ways you can
stretch your advertising dollars is to run ads in reduced time slots, narrow your
sales focus and narrow your Geotargeted area. All too often I see people set up ads in Google AdWords and Facebook, and they choose to let the ads run 24/7.
Many industries are what I call response sensitive. In other words, if a customer
clicks on your ad and they don’t get a quick response from you, they quickly go
to the next vendor. This is particularly true
on pay per click mobile phone ads. If they call you and you don’t answer, you have
lost your chance at that prospect, and it
just cost you money. That’s right; you just
spent money for nothing. Make sure you learn what the best time of day for your particular industry is and stick to it. This includes days of the week as well. If you are closed on any particular day, don’t run ads
on those days.
The same is true
of the geotargeted area. Make sure your ads are running in your area only. If you
are a local company, you only need to know the maximum distance a customer will
typically drive to your business. Other logistics could include how far you’re willing
to drive and are there territorial restrictions for your products. Similarly, narrow
the focus of your ads to reflect the sale of your best and most profitable items.
Unless you're using a loss leader of some kind to get prospects in the door, focus
on products that make you money. Likewise, narrow the Geo-targeted area of your ads. Make sure your ads are only running in
an area that is likely to bring you business. I know some of this sounds like a
no-brainer, but my experience shows that most
small businesses don’t make sure that their Google AdWords, Facebook marketing or even
their newsprint, TV or Radio advertising is targeting their specific area. They
go with what the Advertising Rep says.
The ABC’s of A/B Testing.
Courtesy of Flickr |
Case Study of a Successful Small Business.
Courtesy of Pixabay |
It is my wish that
after reading this article, the reader will heed this advice and take advantage
of the knowledge and resources provided. Take the time to take courses like Marketing
Matters and enlist the insights of the SBDC and other organizations. Above all,
do your due diligence and search for a marketing company that wants to be your partner, not your advertiser. It's been my pleasure
providing you this information
.
That’s my opinion; I look forward to reading yours.
This article provides
more than a dozen easy ways to help small business understand, buy and make the
most of their advertising budget. It provides many links to valuable resources and
incorporates specific techniques and methods to stretch any small business marketing
budget.
Get your FREE copy today. |
Hector Cisneros
is COO and Director of Social Media Marketing at Working the Web to Win, an award-winning Internet marketing
company based in Jacksonville, Florida. He is also co-host of the
weekly Internet radio show, "Working the Web to Win" on BlogTalkRadio.com, which airs
every Tuesday at 4 p.m. Eastern. Hector is a syndicated writer and published author
of “60 Seconds to Success.”
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