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Click on the next button for more advertising information: Six Ways Advertising Can Increase Your Sales
1. Selling Direct - Some products can be sold directly from
an ad or direct mail solicitation. This is especially true now that the Internet has made
it possible to buy products on line with a credit card. Selling direct works
best for products that have clearly defined benefits and are not available through retail
outlets. They need to have some degree of inherent excitement and must be priced under $1,000. It also
works well for supplies and other commodity items that can be grouped by category and
offered in a catalog format. There are literally millions of websites using this approach.
2. Generate Sales Leads - For smaller firms with limited
budgets the best use of marketing communications is to generate immediate business leads that
can be converted to sales. This type of ad encourages response by making a free offer
of some type - usually a free white paper, a free initial consultation, free estimate,
free evaluation of a problem, or other free information. Sometimes leads are overlooked
by busy advertising managers, but when handled and funneled properly to the sales team, they
can add tens of thousands, even hundreds of thousands of dollars to a company's gross
sales each year.
3. Educate Your Prospects - Advertising can communicate
information about your product, your service, your business philosophy, your way of doing
business, or your unique approach to solving the customer's problems. A typical example
is a wireless equipment manufacturer whose product is differentiated from the competition such
as DSL or cable modems because their product makes it possible to connect to the Internet and
roam anywhere, not just a fixed location where old fashioned wired computer ports are located.
Advertising would highlight this key difference, explain why it was chosen and how it works,
and stress the benefits of this type of network (better performance, higher reliability, greater
effectiveness, lower operating costs, etc.) to the reader.
Service businesses are often successful with an even purer
educational approach, in which advertising tells the reader about a subject in general, only
briefly referring to the firm's particular services. One successful ad, for a mortgage
finance company, had the headline, "Nine questions to ask before you chose a mortgage or
refinance firm - with a good answer to each question." The copy was filled with facts about
the methods and techniques used to find the best lenders to finance a home purchase. Readership
was high because the ad presented valuable information of immediate use to the reader.
Response was high because, by giving this information instead of a blatant sales pitch, the
copy convinced readers that the advertiser was someone who could help them.
4. Create Awareness - There are so many products, services and
ideas on the market today that a big part of an advertiser's job is to simply make people
aware that you offer a particular solution to their problems. A good example would be
the Broadband Wireless Exchange (BWE) web portal, which in 2001 was the only website
available that taught people how to build broadband wireless networks.
BWE did not need to convince prospects that their site was
better than the competition, because they had no direct competitors. BWE's only challenge was
to make potential customers aware that (a) building broadband wireless networks was much more
cost effective than building wired networks, (b) BWE is a recognized authority and expert in
building these types of networks and (c) they had consulting teams available for hire.
With only a small amount of Internet advertising and several good press releases,
the BWE website became the Internet's #1 source for wireless networking information.
5. Establish Credibility - Establish credibility
with information sources just like this one. By providing some web editorial on how
to do effective advertising, we build credibility with our clients that need these
types of services. Providing helpful information to potential clients that helps them
make better buying decisions is a good way to begin building a relationship with a future
customer.
6. Keep Your Name in Front of the Public - Repeat advertising in select media can help build familiarity
with your company's name and establish your identity. In order to convince a customer to do
business with you, you must first cross their "threshold of consciousness." The first time a
prospect sees you, they may not recognize you. The second time, they might think they have seen
your name before. But on the third time, most prospects will begin to remember your name and
what your company stands for.
Advertising costs money. And building awareness through the use
of paid advertising can get expensive quickly. The most cost effective way to keep your
name in front of customers is through the combination of advertising and free publicity.
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