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Choosing an advertising course is one of the most important elements in running a successful business. Depending on what form of business you have will determine what advertising sources will work best to gain customers.
The first step is defining your business by taking a snapshot. Write down several key points that define your business. Try to determine the things you do that are unique or different from the competition. Once you have done this it will allow you the opportunity to visualize what advertising medium suits your business.
Start looking at advertising outlets that best support your message. Businesses that are price driven should look at using print media. Print media is a good source to use single items and sale prices. These businesses include grocery stores, car lots, electronic stores, and other consumer products stores. But you don't want to use your whole advertising budget on one advertising medium. Also look to cable adverting, radio and the internet.
Stores that want to show more than just prices should look to a visual medium. Cable advertising is a great source for affordable advertising that allows you to visually show your store plus hit your target audience effectively. Once again you won't want to put your entire advertising budget into one medium. Also look to the internet and print media.
Businesses that are in the service industry would be wise to use a strong mix of television, radio, print and the internet. Billboard advertising should only be used if you can define your business in one sentence and one image. Every business is different so you will have to find the right mix that works best.
There are numerous categories your business may fall into. The important thing is to spread your advertising out through different forms of advertisers. Determining the right mix depends on the business sector that defines your business. The most popular advertisers today are cable TV and the internet. This doesn't mean that your budget shouldn't include other advertisers such as radio and newspaper. Set your advertising budget into a pie chart. Start off by using at least four different advertisers and dividing your budget into a percentage of each. Never go over 80 percent with one advertiser.
Advertising is consistency. Try targeting the same demographic through different mediums. If you have a women's clothing store you want to target the women that will visit your store. You wouldn't want to put an ad in the sports section of your local paper. Nor would you want to advertise on radio stations that have a strong male demographic. You may even want to write down the advertising mediums that target you. What radio station do you listen to, what section of the paper do you read, what TV channels do you watch. Though this method only works if you are similar to your customers it is not always reliable. If you are considered an expert in what you do then you fall within the demographic you would want to target.
One of the worst mistakes a business can make is blanketing your advertising. Trying to reach everybody through every means possible. Your client base is out there; you just have to find them and then repetitively reach them with your advertising. Advertisers will be able to help you in determining where your clients are. If you find the whole process overwhelming or don't have the time try contacting a local Advertising Agency.
It is said that only 50% of advertising is effective. Make sure you define your client base before deciding on a course of action.
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