![]() Friday, December 26, 2008 Using Billboards As a Part of Your Business Marketing Plan Outdoor advertising is a low budget and effective way of advertising your company's product. Among all available marketing and advertising channels, billboard advertising is the most widely accepted method, and has been proven to be the best sales strategy in the recent times. Nearly 5.6 billion dollars was spent on billboard advertising alone in the year 2007, as analyzed by the Outdoor Advertising Association of America. Billboard exposure is the best bet in outdoor advertising and isn't that costly when compared to other mediums. And with the amount of eyes the product gets, the money is worth it. In the past few years several factors have triggered billboard signs and cost effectiveness being one of the prime reasons. One of the reasons is if an ad is placed in the local newspaper or a television channel, the advertisement gets noticed for only thirty seconds and when the same advertisement is placed on billboard, it gets noticed through out the day, for months. Thousands of people view billboards everyday on their way to jobs or home. It also doesn't get lost in the pages like an ad placed in a newspaper or magazine. There is a frequent and continuous delivery of message. No other marketing method can grab the attention of people like billboards can. It creates brand awareness and strong name recognition. One of the reasons behind the cost being low is technology. In the early years, billboards were hand-painted due to which the labor cost was high. Now, advertisers design and print their sales or ad copy on a huge poster board or vinyl board by a computer-aided printer, which is very cost effective. Creativity can be achieved to the highest extent, with ease and less money. The brighter, colorful, creative the artwork is, the more eye-catching it becomes. With the advancements in technology, it takes very little time to design outdoor campaigns with unlimited possibilities. Before placing a billboard ad in a particular area, it's better that research is done about the interest of the people in and around that area. Like if the advertiser desires to post on a highway, he can choose the advertisement on a motel, cafeteria, or gas station. The cost for an outdoor marketing campaign is very reasonable. It varies from $1,000 to $3,000 per month depending on several factors, of course. Ten advertisements will cost around $ 30,000. It might look like a big amount, but it costs almost the same if placing a full-page ad in a newspaper for only a day. And if the effectiveness is considered for both the methods, newspaper marketing is not even half as effective as billboard advertising. Billboard advertising has high-impact on people and is a cost-effective method of reaching target customers. The above-mentioned ideas are but a few of the many advantages of billboard advertising. From placing the you ads at a theater multiplex, highway, airport, and even pasting them on cars, any kind of product can be advertised to any kind of audience using billboard marketing. Labels: 2009 Business Marketing, Billboards, Business, Business Marketing Plan, Marketing Strategy
Saturday, November 22, 2008 Business Thank You Letters - Your Secret Marketing Weapon A stamp and fifty words can make you thousands of dollars. No matter how big your or small your marketing budget it, you cannot miss out on the most powerful and inexpensive relationship building tool - a simple business thank you letter. Sending business thank you notes is an efficient, inexpensive way to: - Retain customers 1) Helps insure one-time customers into lifetime customers AND shortens the amount of time in between purchases. If you provide a service or sell products such as makeup or other renewable items thanking your customer after the first sale can insure you keep the customer for a lifetime. 2) Business thank you cards or letter can increase your customer referrals. A business thank you letter is great non-intrusive way to increase your sales and referrals. Always send a thank you note to a customer or business associate who refers a customer to you (and if it is a big customer, a thank you gift wouldn't hurt). Every bit of business referred costs you nothing in advertising or sales commissions. Often times a referral thank you, particularly from a business colleague, is best sent with a gift. The most elaborate thank you gift being for the first referral. Think of the commission you would have paid to a sales rep for the sale or the cost of advertising to gain this new customer. Plus, word gets around fast when referral gifts are sent. You will find other people send you even more referrals. 3) Enhance sales during off-season and slow months. Saying thank you with a coupon to loyal customers during your slow season is a great way to boost sales and customer appreciation. It's a win win. You can include a current coupon with a note or for a more personal touch, you can send a greeting card just write that the card IS the coupon. 4) Increase effectiveness of your convention campaigns. 5) Gets the edge over the competition and keeps your name in front of decision records. Just a quick thank you card can make all the difference in the world. Include it with the follow up information you promised to send or on its own. Labels: Marketing Strategy, Thank You Letters
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