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Digg it UP - How to Buy Advertising
Evidence uncovered by Faunal experts Redding and Lehner prove it... It was not slaves who built the great pyramids. It was gangs of motivated, dedicated, and well organized individuals who had a purpose...And over 4500 years later, when viewing the astonishing accomplishments of the great pyramid builders through modern Directive Communication psychology, we find patterns. And the pyramids themselves conceal a mysterious code that illuminates the force of superior leadership.The illuminating wealth of this systematic leadership proficiency was developed over centuries. It took hundreds of years to perfect, but only one d
Here is a simple example of the conversion at work. The Daily - circulation 100,000 -offers you a business card size ad, for one week, at $1000. The Community Weekly - Circulation 5,000 - offers you the same size ad, for one issue, at $50. Which i
As waves of organizational change sweep across the business landscape, a huge question arises: What must a leader do to make sure change produces highly profitable results?To find out, I uncovered exactly what executives did who planned and implemented organizational change that produced $10-million - $1-billion in profit improvement.I discovered that highly profitable organizational change requires three key ingredients. If any ingredient is missing or incomplete, then even the best plans will fail to achieve the desired results. My 3-ingredient model for all successful organizational change is the following:Ingredien
Will Your Customer's See Your Ad?
Advertising is sold based on its reach. If a newspaper, for instance, has a circulation of 100,000 subscribers, ad space will be considerably more expensive than a newspaper with a circulation of 10,000 subscribers. The first reaches ten times more people. Reach can be confusing, however, and it is more accurately an indicator of selling price to the publisher than anything else. As the buyer you must first consider how closely the demographic profile of the publication's readers matches that of your customer before you worry about the reach.
Demographic profile may seem like a complicated concept. In this case it simply means the "people" (demos=Greek for people) characteristics of that publication's subscribers. Their income, age, gender, and education levels to name a few of the common demographics measured. Most first class publications gather this information and make it available as part of their sales presentation. Smaller, or less professional publications may have incomplete, or even no, data. If you can't get, or determine, the demographics of a publication's readership its probably a good idea to pass on it as an advertising medium for your home business.
Cheap Isn't Necessarily Inexpensive
Often new home business owners see cheap advertising, especially in smaller publications like community newspapers, or association newsletters, and think its a good buy when compared to ad space in larger publications. While the two publications in question may look like apples and oranges, there is a way to convert the apples to oranges and make a reasonable comparison. Simply divide the cost of the advertisement by the total number of projected readers. This will give you a "cost per view" of your ad in each publication.
Here is a simple example of the conversion at work. The Daily - circulation 100,000 -offers you a business card size ad, for one week, at $1000. The Community Weekly - Circulation 5,000 - offers you the same size ad, for one issue, at $50. Which is
The truth is, knowing what NOT to do in sales is just as powerful as knowing what TO do. Make sense? So I’ve assembled a list of ten of the dumbest things that we’ve seen salespeople do – things that are virtually guaranteed to totally and completely de-rail your selling career.1. They don’t become students of their craft.They begin strong selling careers, and they really get into it – but then they go to sleep at the switch and forget to do things like read industry publications or new books by sales masters. They don’t go to sales seminars. They don’t listen to audios or view videos on sales-related topic
Will Your Customer's See Your Ad?
Advertising is sold based on its reach. If a newspaper, for instance, has a circulation of 100,000 subscribers, ad space will be considerably more expensive than a newspaper with a circulation of 10,000 subscribers. The first reaches ten times more people. Reach can be confusing, however, and it is more accurately an indicator of selling price to the publisher than anything else. As the buyer you must first consider how closely the demographic profile of the publication's readers matches that of your customer before you worry about the reach.
Demographic profile may seem like a complicated concept. In this case it simply means the "people" (demos=Greek for people) characteristics of that publication's subscribers. Their income, age, gender, and education levels to name a few of the common demographics measured. Most first class publications gather this information and make it available as part of their sales presentation. Smaller, or less professional publications may have incomplete, or even no, data. If you can't get, or determine, the demographics of a publication's readership its probably a good idea to pass on it as an advertising medium for your home business.
Cheap Isn't Necessarily Inexpensive
Often new home business owners see cheap advertising, especially in smaller publications like community newspapers, or association newsletters, and think its a good buy when compared to ad space in larger publications. While the two publications in question may look like apples and oranges, there is a way to convert the apples to oranges and make a reasonable comparison. Simply divide the cost of the advertisement by the total number of projected readers. This will give you a "cost per view" of your ad in each publication.
Here is a simple example of the conversion at work. The Daily - circulation 100,000 -offers you a business card size ad, for one week, at $1000. The Community Weekly - Circulation 5,000 - offers you the same size ad, for one issue, at $50. Which i
Some people think selling eBooks on eBay is easy. You just have to list a few eBooks with resale rights and wait for the money to roll in, right? WRONG!There is a lot more to selling eBooks than just listing a few auctions. Here are 10 reasons why most eBay eBook sellers fail.1. Selling old titles. In a highly competitive world you need to stay ahead of the competition. Be on the lookout for new titles to sell all the time.2. Following the herd. Don't be like every other eBay eBook seller, make your auctions different, create unique titles and sales pages to separate you from the crowd.3. Poor eBook cover. People r
Demographic profile may seem like a complicated concept. In this case it simply means the "people" (demos=Greek for people) characteristics of that publication's subscribers. Their income, age, gender, and education levels to name a few of the common demographics measured. Most first class publications gather this information and make it available as part of their sales presentation. Smaller, or less professional publications may have incomplete, or even no, data. If you can't get, or determine, the demographics of a publication's readership its probably a good idea to pass on it as an advertising medium for your home business.
Cheap Isn't Necessarily Inexpensive
Often new home business owners see cheap advertising, especially in smaller publications like community newspapers, or association newsletters, and think its a good buy when compared to ad space in larger publications. While the two publications in question may look like apples and oranges, there is a way to convert the apples to oranges and make a reasonable comparison. Simply divide the cost of the advertisement by the total number of projected readers. This will give you a "cost per view" of your ad in each publication.
Here is a simple example of the conversion at work. The Daily - circulation 100,000 -offers you a business card size ad, for one week, at $1000. The Community Weekly - Circulation 5,000 - offers you the same size ad, for one issue, at $50. Which i
I get these calls from time to time. . ."Can you make me a brochure?" Many business owners have been sold on the notion that they need a tri-fold brochure or they are not in business. Forget it...everybody's got one and no one uses it.Your potential clients need an education. They need to know how you are different. (The typical tri-fold brochure simply confirms that you are the same.)Every small business should create the following pieces of information and format them in a way that allows them be printed inexpensively and updated often. I like to call this approach, the Marketing Kit. Your marketing kit starts with several pro
Cheap Isn't Necessarily Inexpensive
Often new home business owners see cheap advertising, especially in smaller publications like community newspapers, or association newsletters, and think its a good buy when compared to ad space in larger publications. While the two publications in question may look like apples and oranges, there is a way to convert the apples to oranges and make a reasonable comparison. Simply divide the cost of the advertisement by the total number of projected readers. This will give you a "cost per view" of your ad in each publication.
Here is a simple example of the conversion at work. The Daily - circulation 100,000 -offers you a business card size ad, for one week, at $1000. The Community Weekly - Circulation 5,000 - offers you the same size ad, for one issue, at $50. Which i
We rely on all kinds of tools and advice to help our businesses grow, from accounting and legal advice to graphic design and sales seminars. But what are we doing for the important job of building our business's reputation in the community?Public relations skills and techniques are a powerful part of any growing business, but many small organizations believe that the cost of getting into the PR game will cost them thousands NOT hundreds of dollars. If you take the traditional approach to public relations, you may be right PR Agencies are known for high hourly rates and retainer payment plans.But the INTERNET has changed all that
Here is a simple example of the conversion at work. The Daily - circulation 100,000 -offers you a business card size ad, for one week, at $1000. The Community Weekly - Circulation 5,000 - offers you the same size ad, for one issue, at $50. Which is least expensive?
If you divide the $1000 cost of The Daily's ad by 500,000 (thats 100,000 circulation times the 5 days it will run), you get a projected cost of $.002 per view. If you divide the Community Weekly's cost of $50 by the 5,000 circulation (the ad runs once - its a weekly) you get a cost of $.01 per view. The $50 ad is actually five times more expensive.
This is a hypothetical example, of course. There are many things to consider like the fit of the Community Weekly's demograhic compared to The Daily, and the fact that the Community Weekly will likely have a few more views than the initial 5,000 subscibers. That's because it will sit in a few waiting rooms until the next issue comes out, but this isn't usually enough to make a big change in the cost per view.
Tracking
The most essential tool in your analysis of ad price and effectiveness is tracking. The cost per view, and demographic match are crucial in making your initial decision to try a publication. The acid tests for continued advertising in any medium are cost per call, and cost per sale. Two important measures you can't get without running some test ads and carefully tracking the response rate for each advertisement you run.
There are many ways to track response rate. The ad can request that caller ask for a specific individual by name. When a call comes in for Mr. Bishop, for instance, you know they saw the advertisement in The Daily. You can ask that orders be directed to a specific department. When an order arrives addressed to "department CW100" for instance, you know that order came from your ad in the Community Weekly. A less exotic, but very effective method, is to simply ask each caller, "Where did you hear about us", and then enter the answer in your tracking software.
Once you have your tracking results use the same type of calculation you emplyed in determining the cost per view before you ran the advertisement to arrive at a cost per call and cost per sale. Divide the cost of the advertising by the number of calls it generated to get the cost per call. D
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