A few years ago, I analysed the statistics of where one of my clients, M & M Pest Control in Sydney, generated all their leads from. As a result of this, Ray Milton, the director of the company said:
"Scott measured the results we were getting from our advertising, and as a result, this confirmed my decision to eliminate over $42,000.00 in unnecessary expenses ? because it wasn't paying it's way"
$42,000 is a lot of money? in anyone's language!
What did I do? I simply analysed his advertising expenses? and identified whether or not the ads were generating a strong yield for his investment.
And I'm willing to bet you could do the same for your business.
Right now, you're probably thinking... in the words of Pauline Hanson...
"Please Explain"
Listen. I've met with hundreds of businesses that advertise in the Yellow Pages. And most of the time, I ask them "What return on investment do you receive as a result of your advertisement?"
To which 9 times out of 10, the answer is as good as a blank stare!
How much money are they burning? Investing $20,000 on an ad (or $1,000 or $5,000, or $100,000 ? the same principle applies) and not even know what their returns are!
Would you hire a salesperson and not 'give a toss' about how much income he was generating.
No! No! No!
So why on earth would you do it with your advertising dollar?
Some people say it's too hard. Their staff won't find out for them. My advice. Fire those staff, because they are costing you BIG money!
Listen, all you need to do is:
1.Code all your ads with a reference code to identify the source of the inquiry
2.Train your staff to ask one simple question: "Where did you hear about us?"
3.Enter the details into your computer.
4.Analyse the statistics.
And you need to be as specific as possible. One of my clients, a spit-roast caterer in Sydney measured the results of a series of ads in the local yellow pages directory. You know what he discovered? Only one of the directories was generating a strong return on investment ? the rest were losing money!
Priceless knowledge. And in the world of advertising?
KNOWLEDGE IS POWER
So unless you want to be like John Wannamaker, the 'father of the modern department store' who once said "I know that half of my advertising is wasted, I just don't know which half it is" then grab the bull by the horns and start measuring the results of every ad you run? right now!
Yours in profits,
Scott Bywater
Copywriting That SELLS
Visit my web site for your complimentary copy of my ebook (valued at $29.95) and free subscription to my valuable ezine "Copywriting Selling Secrets" where you'll discover how to write ads and sales letters that make people line up and practically beg you to take their money.
Here's the address: http://www.copywritingthatsells.com.au
How To Gain FREE Advertising That Will Make You Rich!Okay-Just... Read More
Often considered as "plain Jane's" of the print world, trade... Read More
This is the third article of a three-part series. I'm... Read More
The internet offers you the opportunity to seek out jingle... Read More
Let's face it - most brochures go straight into the... Read More
Advertising in the paper works for many people in business.... Read More
I got another one of those calls the other day...Can... Read More
Swapping business cards is one of the most basic and... Read More
Every community has 'em. Fast talkers who roll into town... Read More
So many of us who have decided to do business... Read More
Oh Grand and Glorious Southern Guru, I am perplexed. What... Read More
These days, everyone's looking to save a buck. But if... Read More
If your ads aren't paying off then you need this... Read More
When you first start out on your business venture, money... Read More
In 1957, a perspicacious young journalist from Pennsylvania named Vance... Read More
CD Business cards are the electronic version of the now... Read More
In this article, we want to explore the idea of... Read More
Give Us The Bottom Line!If you are like most people,... Read More
Would you like to get your new or existing Internet... Read More
According to experts, just changing the headline of an ad... Read More
You've decided to try advertising your business with post cards.... Read More
The most common way to drive people to your business... Read More
Ask anybody who has been in business for a long... Read More
Graphical LED Displays utilize high-resolution graphics and video to transmit... Read More
Do you know about the distinction - and it's a... Read More
Business cards are the most underutilized and misunderstood marketing tool... Read More
Ask some businesses about radio advertising and they'll tell you... Read More
Many entrepreneurs believe that they understand what public relations is,... Read More
I caught myself wracking my brain over what kind of... Read More
Touring is a bands greatest opportunity for success. But, touring... Read More
Buyers Don't Rely on the Yellow Pages Like They Used... Read More
Boring is one thing you can't afford to be when... Read More
I hear it often, "advertising in the Yellow Pages directory... Read More
Not everyone is aware of what are text adverts? Text... Read More
Your marketing and advertising won't be effective if your potential... Read More
Well, Super Bowl XXXIX is history. Too bad for the... Read More
Have you ever had to distribute door-hanger advertisements for your... Read More
One way to make extra money or start a... Read More
LED video displays give you the power to communicate, to... Read More
It is a given that billboard advertising "outdoor" is not... Read More
Have you ever wondered why your perfectly fine classified ad... Read More
Your website is done, your business cards have been delivered,... Read More
Creating a logo to get you noticed.When you're branding a... Read More
As a business owner, you have the option of taking... Read More
Probably the most interesting thing about brochures and leaflets is... Read More
If you own a mobile detailing business or mobile car... Read More
Advertising, when done well is a very effective way to... Read More
Newspapers are considered the PRIMARY advertising medium by 99.4% of... Read More
LED's are becoming more and more popular in all kinds... Read More
Unless you have become extremely popular in your personal or... Read More
For most companies, gone are the days of spending money... Read More
I hear it often, "advertising in the Yellow Pages directory... Read More
An effective way to gain company recognition is to order... Read More
A correspondent to AdBriefing, my monthly newsletter, has posed a... Read More
In the sign industry we commonly refer to the material... Read More
Many people in business lay-out (design) their own ads. That... Read More
What many may consider the most important part of advertising... Read More
You may be aware that in a basketball game the... Read More
Every year thousands of online businesses fail. None of them... Read More
Q: I've never really done much advertising for my business;... Read More
"Do we need to cast a voice-over talent for this... Read More
If you own a small business you should consider ways... Read More
The most important aspect of any business is selling the... Read More
Swapping business cards is one of the most basic and... Read More
1. You can get ad copy ideas by studying similar... Read More
I get the L.A. Times delivered to my door every... Read More
Advertising |