Advertising
doesn't have to wipe out your bank account to be effective. When you
learn to negotiate, know when smaller ads are as effective as large
ads, ask for discounts, and create an irresistible offer, you're on
your way to skyrocketing profit margins!
1. Negotiate
Have you noticed that some people seem to always get the best deals?
Yeah, you pay full price and think you did OK until they show up with
the same thing, only they paid several hundred dollars less. It really
get your goat! How do they do it? They're not afraid to ask for an
extra discount.
Yep, don't sell yourself short because you didn't ASK
the next time your advertising rep makes an appearance! Even if you're
already getting a discount, ask for a bigger one. You have
not...because you ask not.
2. Trim
Bigger is always better...or is it? When it comes to advertising, don't
be surprised if some of your short ads meet with more success than
larger more expensive ads. Trimming down on the size and cost of
advertising doesn't mean you'll be trimming the results!
3. Exploit the Freebies
What's the difference between advertising and publicity? ...who's doing
the talking. Yeah, when you sell yourself, it's advertising. When
someone else is selling you, it's publicity...and it generates
credibility and interest that you don't want to miss out on.
Think about the different ways you can get your business
in the spotlight. Do you have some news… write a press release?
Write some “how to” articles with a short byline at the end
and release them to ezines, magazines, newspapers, and other
publishers. Why not promote the product of a non-competitor in return
for them promoting yours...think of the totally different market they
affect!
Yep, there are a lot of ways out there to get free
advertisement that will benefit your business. Of course you won't be
able to rely solely on the freebies, but hey, you can get a little
extra for nothing!
4. Improve Your Offer
Is your deal too good to pass up? If not, you need to improve it. Hey,
I'm not talking about cutting prices even more...you've still got to
make a profit. You can make the deal sweeter just by increasing the
readers knowledge of the value of the product, or adding bonuses that
are perceived as valuable, but cost you little.
Motivate buyers with expirations. Yeah, an open ended
offer encourages procrastination...which leads ...yep, nowhere. When
the customer knows he has until Saturday to purchase an item he'll pay
more for on Sunday, he'll make it a priority to head for your shop.
Advertising doesn't have to wipe out your bank account to be effective.
When you learn to negotiate, know when smaller ads are as effective as
large ads, ask for discounts, and create an irresistible offer, you're
on your way to skyrocketing profit margins!
ABOUT THE AUTHOR
Who is Allyn Cutts, and why should you care?
Allyn has spent over 24 years helping businesses like yours find new
customers and increase sales to current customers. Allyn is a marketing
and sales fanatic, providing measurable marketing solutions that drive
huge results for small-to mid-size business clients. Allyn works
personally with clients to design and deliver off-line and on-line
direct marketing strategies that focus on metrics and measurable
results. You can learn more about Allyn Cutts at www.AllynCutts.com and you
can call 610.437.4106 between 10 AM and 4 PM Eastern Time Tuesdays and
Thursdays.