marketing minutes
 June 2009          
Budgets: Skip the Tap Dance
It's a very familiar story. A client needs to promote a product or service and requests a proposal for a campaign. They provide lots of great information and input, except for one crucial detail . . . the budget. Asking your marketing partner to construct a campaign without budget parameters is like asking an architect to design a house without giving them a price range. Aggressiveness, market reach, timing, channels and more all greatly impact campaign cost. As a result, your marketing team has to guess, which is inefficient and usually less effective; both of which cost you money. Of course there are situations when you simply don't know what to budget, but that is when you should confer with your firm. Open, honest discussion about budgets will usually reveal an appropriate ballpark. Some people won't share their budgets in fear of being taken advantage of. Put bluntly, if you don't trust your firm enough to share budget information, you should find a new marketing partner. Talking budgets up front makes dollars and sense.
QuickTip - Repeat Yourself
How many times have you seen the same television commercial for Progressive Insurance, Capital One, Verizon or eHarmony.com? While the repetition may try our patience, it also does something very important: It sells. Research clearly proves that the effectiveness of advertising campaigns increases with the number of times customers are exposed to the message. Some say that it takes three exposures before someone will remember your product or service, and seven before they take action. This should not be surprising, considering all the competition for your attention in today's advertising-intensive environment. Few businesses have the resources to achieve the awareness of Apple, Toyota or Wal-Mart, but on a local level the same principles apply. We often tell our clients not to invest in traditional advertising at all if they cannot afford enough frequency to reach customers several times within a campaign. Highly targeted marketing communications are a far better option for some. So when you see that eloquent gecko for the tenth time in an evening and wonder what it is costing Geico, rest assured that it's far less than the little fellow is generating in sales.
Links
Next Stop - People sharing what to do where they live.
Speed Test - Test your Internet connection speed.
Trends affecting the small business market.
In Quotes
Design is not just what it looks like and feels like. Design is how it works.-Steve Jobs

Drive thy business or it will drive thee.-Benjamin Franklin

Just because something doesn't do what you planned it to do doesn't mean it's useless.-Thomas A. Edison
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