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Digg it UP - How To Waste Money Advertising
Security Camera DVR: Finding the Type That Suits You ou are. If you're looking to build trust, consider a consumer's perspective. Shoddy design = shoddy company.Not all security camera Digital Video Recorders, or DVRs, are created equal. Remember this as you look for security camera DVRs for your business. There are great DVRs, good DVRs, and DVRs so terrible you cannot tell what you're looking at.DVR stands for Digital Video Recorder. It is faster and easier to manage than non-digital and analog systems. Moreover, it provides instant access to recorded or live video. You need not worry about storage, too, because the bulk of video that can be stored on a single disc tremendously outweighs that stored on tape. In fact, a single disc is the equivalent of over 30 VCR tapes. What this means is that you get to economize on space use and costs. The bigger your office space and thus, the more cameras you use, the more you will be able to appreciate the money DVRs can save you.There are two main types of security camera DVRs, pc-based and stand-alone.PC 5. IN-DIRECT MAIL I say in-direct because that's exactly what it is! Unless it's got the recipient's name and address on the envelope it will more often than not, end up with the dozens of other flyers it is grouped with...in the trash. When you tally up the cost of designing, printing, and distributing your "in-direct mail" piece into the marketplace, the return on investment is just too low. Always remember. TARGET - TARGET - TARGET your market, otherwise you might as well just throw your money to the wind. Let's look at money wasters in the RADIO media. Radio happens to be one of my favorite ways to advertise and for many reasons. But there are companies that just don't understand it w Stop Complaining and Make a Change They say that fifty percent of your Ad budget is wasted. The only problem is, nobody knows which fifty!I am going to write something that may not be popular, but if it offends you in anyway, it probably means that I’m writing this for you. I’m writing this to help you…not to criticize or belittle you. I want every entrepreneur to continue to grow throughout his online career and sometimes when we don’t accept change…we stop growing. I don’t want that to happen to you.Lately, I’ve seen a lot of online service-based business complain that cheaper alternatives are driving them out of business. I’ve seen virtual assistants angry that anyone would work for US $10 per hour. I’m surprised by that anger because $10 is above the minimum wage in every single state in the U.S. and province in Canada (2005 statistics). Yes, I know running a VA business carries expenses, but many people working online just want enough to be able to stay home, instead of trudging to a crappy job. Good for them for being resourceful. Well it's your lucky day, because over the years, I've uncovered many key areas where advertising dollars are squandered, misspent, misdirected and misused. But first, I think it's important to define which advertisers are likely to be the most wasteful. 1. Companies that don't use professional media-buying services. 2. Companies with in-house agencies that lack the expertise to buy media correctly. They save the standard 15% agency fees, but waste way more in weak creative, poor media planning and overbuying (it impresses the boss to hear or see his company name every 3 minutes). 3. Businesses that simply don't use the proper media to reach their target market. 4. Businesses that rely solely on their Agency. Although Agencies are usually very adept, honest and have the company's interests at heart, they may not be quite as frugal with their client's money. It is wise to hire an inside marketing professional to be your liaison. 5. Companies that lack a leadership approach in their creative and simply follow the same old - same old. These are just a few examples of the kind of companies that are wasteful when starting up an advertising campaign. Let me say that we are talking about wasteful - no successful. In fact, many of these companies are major players as well as spenders. That being said, I only wish I had the money they wasted. So, what are the most wasteful advertising practices that go on day after day? Let's start with Print. 1. BUYING FULL COLOUR, FULL PAGE ADS They're simply not necessary unless the colour of the product is integral to making a sale. ie: fashion collections, paint, wallpaper etc. The fact is, when you take a full page ad, there is no competition. You dominate. Your message is absolutely getting through. Colour ads will serve you much better when you want your ad to stand out on a page filled with ads. Don't get me wrong, I think full page ads say something very important - THIS IS BIG, DON'T MISS OUT! But I believe spending extra money for full colour is generally unwarranted. And really, newsprint colour rarely does justice to the product. 2. BILLBOARDS WITH MORE THAN 7 WORDS Here's a real money waster. People are driving by at a fair clip, and some companies actually expect them to read sentences, paragraphs and even instructions. Can you believe? And what's with the 5 point type? Yes, we know it's big when you stand on it, but from the ground.... 3. ADS DESIGNED FOR FREE BY THE NEWSPAPER There may be plenty of talent in the graphic departments of the nation's newspapers, but truth be told, they'll never give you cutting edge creative with font finesse, eye-catching headline and motivating body copy. Why? They simply don't have the time. It's a sausage mill environment typical of most media that offer up free production services. Bottom line - it wastes your money because it lacks impact. It may even lower your customer's perception of your business if the design qualities lack taste. 4. BAD LOGOS When it comes to branding, your logo is key! Nothing irks me more than a poorly designed logo. If you plan to be in business a while, invest in a properly designed logo that will inevitably define who you are. If you're looking to build trust, consider a consumer's perspective. Shoddy design = shoddy company. 5. IN-DIRECT MAIL I say in-direct because that's exactly what it is! Unless it's got the recipient's name and address on the envelope it will more often than not, end up with the dozens of other flyers it is grouped with...in the trash. When you tally up the cost of designing, printing, and distributing your "in-direct mail" piece into the marketplace, the return on investment is just too low. Always remember. TARGET - TARGET - TARGET your market, otherwise you might as well just throw your money to the wind. Let's look at money wasters in the RADIO media. Radio happens to be one of my favorite ways to advertise and for many reasons. But there are companies that just don't understand it we Fifteen Areas Reviewed in a Due Diligence Study encies are usually very adept, honest and have the company's interests at heart, they may not be quite as frugal with their client's money. It is wise to hire an inside marketing professional to be your liaison.The due diligence study is done by investors or lenders to be certain that your company is operating properly and efficiently. The in depth due diligence study will uncover any accounting errors and any operational problems. After completing the due diligence study, the investors or lenders must be satisfied that they are invested money in a company that conducting its business in the best possible way. The due diligence study will review the following fifteen areas:1. Corporate records:• The company’s original articles of incorporation or articles of organization• By-Laws and minutes of any Board meetings, executive committee meetings, andshareholder meetings• Stock issuance and transfer• The company’s communication with shareholders• Press clippings and press releases• Applications for and documents authorizing the company to do business in an 5. Companies that lack a leadership approach in their creative and simply follow the same old - same old. These are just a few examples of the kind of companies that are wasteful when starting up an advertising campaign. Let me say that we are talking about wasteful - no successful. In fact, many of these companies are major players as well as spenders. That being said, I only wish I had the money they wasted. So, what are the most wasteful advertising practices that go on day after day? Let's start with Print. 1. BUYING FULL COLOUR, FULL PAGE ADS They're simply not necessary unless the colour of the product is integral to making a sale. ie: fashion collections, paint, wallpaper etc. The fact is, when you take a full page ad, there is no competition. You dominate. Your message is absolutely getting through. Colour ads will serve you much better when you want your ad to stand out on a page filled with ads. Don't get me wrong, I think full page ads say something very important - THIS IS BIG, DON'T MISS OUT! But I believe spending extra money for full colour is generally unwarranted. And really, newsprint colour rarely does justice to the product. 2. BILLBOARDS WITH MORE THAN 7 WORDS Here's a real money waster. People are driving by at a fair clip, and some companies actually expect them to read sentences, paragraphs and even instructions. Can you believe? And what's with the 5 point type? Yes, we know it's big when you stand on it, but from the ground.... 3. ADS DESIGNED FOR FREE BY THE NEWSPAPER There may be plenty of talent in the graphic departments of the nation's newspapers, but truth be told, they'll never give you cutting edge creative with font finesse, eye-catching headline and motivating body copy. Why? They simply don't have the time. It's a sausage mill environment typical of most media that offer up free production services. Bottom line - it wastes your money because it lacks impact. It may even lower your customer's perception of your business if the design qualities lack taste. 4. BAD LOGOS When it comes to branding, your logo is key! Nothing irks me more than a poorly designed logo. If you plan to be in business a while, invest in a properly designed logo that will inevitably define who you are. If you're looking to build trust, consider a consumer's perspective. Shoddy design = shoddy company. 5. IN-DIRECT MAIL I say in-direct because that's exactly what it is! Unless it's got the recipient's name and address on the envelope it will more often than not, end up with the dozens of other flyers it is grouped with...in the trash. When you tally up the cost of designing, printing, and distributing your "in-direct mail" piece into the marketplace, the return on investment is just too low. Always remember. TARGET - TARGET - TARGET your market, otherwise you might as well just throw your money to the wind. Let's look at money wasters in the RADIO media. Radio happens to be one of my favorite ways to advertise and for many reasons. But there are companies that just don't understand it w Make Money on Internet of the product is integral to making a sale. ie: fashion collections, paint, wallpaper etc. The fact is, when you take a full page ad, there is no competition. You dominate. Your message is absolutely getting through. Colour ads will serve you much better when you want your ad to stand out on a page filled with ads. Don't get me wrong, I think full page ads say something very important - THIS IS BIG, DON'T MISS OUT! But I believe spending extra money for full colour is generally unwarranted. And really, newsprint colour rarely does justice to the product.The internet brings with it not only a well of information, but also numerous opportunities to make money on internet. There are jobs that require marketing skills, then others requiring designing skills and of course, jobs that require the knowledge one gains through a degree. Whatever type of job you choose, it is indeed very easy, and possible to make money on internet.The first thing that has to be done to make money on internet is to have a website. It is possible to make lots of money on internet with a website using the many affiliate programs found on the internet. The website forms your online advertising for your product of the affiliate program.Another option to make money on internet is through freelance jobs. Freelance jobs are popular today because of the flexibility in time and schedules in completing jobs from the internet. The various options you have for freelance jobs vary from 2. BILLBOARDS WITH MORE THAN 7 WORDS Here's a real money waster. People are driving by at a fair clip, and some companies actually expect them to read sentences, paragraphs and even instructions. Can you believe? And what's with the 5 point type? Yes, we know it's big when you stand on it, but from the ground.... 3. ADS DESIGNED FOR FREE BY THE NEWSPAPER There may be plenty of talent in the graphic departments of the nation's newspapers, but truth be told, they'll never give you cutting edge creative with font finesse, eye-catching headline and motivating body copy. Why? They simply don't have the time. It's a sausage mill environment typical of most media that offer up free production services. Bottom line - it wastes your money because it lacks impact. It may even lower your customer's perception of your business if the design qualities lack taste. 4. BAD LOGOS When it comes to branding, your logo is key! Nothing irks me more than a poorly designed logo. If you plan to be in business a while, invest in a properly designed logo that will inevitably define who you are. If you're looking to build trust, consider a consumer's perspective. Shoddy design = shoddy company. 5. IN-DIRECT MAIL I say in-direct because that's exactly what it is! Unless it's got the recipient's name and address on the envelope it will more often than not, end up with the dozens of other flyers it is grouped with...in the trash. When you tally up the cost of designing, printing, and distributing your "in-direct mail" piece into the marketplace, the return on investment is just too low. Always remember. TARGET - TARGET - TARGET your market, otherwise you might as well just throw your money to the wind. Let's look at money wasters in the RADIO media. Radio happens to be one of my favorite ways to advertise and for many reasons. But there are companies that just don't understand it w Language in International Business big when you stand on it, but from the ground....The way that we use language reflects cultural preferences for some types of communicative behaviour while discouraging others. Culture will affect, for example, the extent to which we speak loudly and animatedly or quietly, whether we use lots of ‘I’ statements, whether we choose very explicit language or whether we are indirect. Intercultural, or cross-cultural, pragmatics is the contrastive or comparative study of such communicative norms aiming to reach a better understanding of the cultural value or values that underpin them and it is a field we can all learn from.When we help prepare managers to relocate we might usefully consider the role of communicative styles as part of the familiarisation process. The awareness raising could involve styles of communication: for example, the very explicit language used by low-context cultures—speaker-based cultures— as opposed to the imprecise and ambiguous la 3. ADS DESIGNED FOR FREE BY THE NEWSPAPER There may be plenty of talent in the graphic departments of the nation's newspapers, but truth be told, they'll never give you cutting edge creative with font finesse, eye-catching headline and motivating body copy. Why? They simply don't have the time. It's a sausage mill environment typical of most media that offer up free production services. Bottom line - it wastes your money because it lacks impact. It may even lower your customer's perception of your business if the design qualities lack taste. 4. BAD LOGOS When it comes to branding, your logo is key! Nothing irks me more than a poorly designed logo. If you plan to be in business a while, invest in a properly designed logo that will inevitably define who you are. If you're looking to build trust, consider a consumer's perspective. Shoddy design = shoddy company. 5. IN-DIRECT MAIL I say in-direct because that's exactly what it is! Unless it's got the recipient's name and address on the envelope it will more often than not, end up with the dozens of other flyers it is grouped with...in the trash. When you tally up the cost of designing, printing, and distributing your "in-direct mail" piece into the marketplace, the return on investment is just too low. Always remember. TARGET - TARGET - TARGET your market, otherwise you might as well just throw your money to the wind. Let's look at money wasters in the RADIO media. Radio happens to be one of my favorite ways to advertise and for many reasons. But there are companies that just don't understand it w Fast Food Business Thought 2000-2001 ou are. If you're looking to build trust, consider a consumer's perspective. Shoddy design = shoddy company.Well I have been looking at some data from 2000 and 2001, economic data. And some of the hot trends then are certainly changed now. For instance in August of 2000 in Chain Leader News for QSR-Quick Service Restaurants, national sandwich chains were losing market share to independents, nearly 41% over the previous two years and as much as 9.1% in the first and second quarter of 2000. This trend was changed in part by Wendy’s open late program and the recession where Brand Names and Franchises always thrive. Back then Thursdays and Fridays were the busiest days. 19% of revenue coming from Thursday and 18.5 from Friday, primarily due to the biggest shopping day of Thursday due to grocery ads and fast food coupon inserts. Friday due to increased spendable income from cashing paychecks. A trend we also see in our washing business on the consumer side of things.Fast Food back then drew in a generally m 5. IN-DIRECT MAIL I say in-direct because that's exactly what it is! Unless it's got the recipient's name and address on the envelope it will more often than not, end up with the dozens of other flyers it is grouped with...in the trash. When you tally up the cost of designing, printing, and distributing your "in-direct mail" piece into the marketplace, the return on investment is just too low. Always remember. TARGET - TARGET - TARGET your market, otherwise you might as well just throw your money to the wind. Let's look at money wasters in the RADIO media. Radio happens to be one of my favorite ways to advertise and for many reasons. But there are companies that just don't understand it well enough to buy it responsibly. And that leads to an inefficient campaign. There are a number of reasons to use radio, but I'll focus on the 2 main reasons. 1. You are introducing yourself or a new product and you want to do some brand building. 2. You are well known and have a fabulous promotion you need to advertise. Each demands a totally different approach in how you plan to schedule your spots and the number of spots needed. Unfortunately, it can be rather lengthy to explain the many variables in this article so I will site just a few examples. 1. OVER-BUYING Building a brand takes time. It makes no sense to buy radio spots every half hour. Slow and easy is the rule here. Several spots spread out over the long term. My favorite approach is to double my radio budget by buying alternate weeks. You can actually buy 26 weeks of airtime and leave the listener with the impression that you advertise ALL THE TIME - 52 weeks a year! This happens because there is a roll-over effect of your message from week to week and the listener does not have a sense of that time frame. Why buy 52 weeks when you don't need it? 2. UNDER-BUYING Radio is powerful, but don't expect much action with 1 spot a day. The power is in the frequency. I mean this in reference to planning a large promotion. If you don't get the job done right, you will have wasted your money. 1 spot a day isn't right. If your budget is limited, what I usually do, is to group my spots over a three day period in the week. This concentration is very effective and the spill-over effect is enhanced if you run a print ad at the same time. 3. NOT USING 10 AND 15 SECOND SPOTS There was a time when 60 second spots dominated the air. As rates rose, 30 seconds became the norm. But today, it may surprise you, but you can get a fabulous response with just 10 and 15 second spots. This approach works even better if you've already run 30 seconds beforehand. The secret here? Listeners who have heard the 30 seconds previously, hear the same global message when they hear the 10 second message. A great way to save money and make a more efficient and effective radio buy. 4. BUYING ONLY MORNING AND DRIVE SPOTS You may think your radio dollars are reaching your audience in the prime time slots, but here's a surprise for you. You're reaching the same people every day. Now, at first glance that seems like a plan, but think of all the people who never hear your message. If you don't have some exposure between the hours of 10am - 4pm, or 7pm - midnight, you're missing out on 6 hours of audience that may not necessarily be prime time listeners. They could be watching TV, reading the paper, surfing the web or asleep! Spread your radio spots out. The rates are cheaper, and in many ways more effective. Being a big believer in brevity, I'll take up more wasteful advertising practices in my next article.
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