October 6

Condensed TV Advert – But does it sell?

Well – it makes me smile.  It has a nice catchy tune.  It has high energy, happy, dancing people.

I already have some Visa cards.  And some Mastercards.  And an Amex.  I travel a fair bit.

Perhaps I am not in the target for this advert?  I like it – in the same way that I like some of ridiculous beer ads.

Course I don’t know which beer each of the over-the-top ads are for.  But I like ’em.  If I was paying for them – my enjoyment would be determined by how much money they were making for me, either directly or indirectly.

If you live in Townsville area – please make a comment below on your favourite ads that show in Townsville – and include any ads that have actually caused you to respond, and if you bought from them.  This might include a Yellow Pages advert, or TV or radio.  Anything you suggest I will go the business and ask if I can put their advert here [TV, radio or print] for all to see and consider.

Because it is Yellow Pages season – if you are a business owner in Townsville – feel free to put your advert in to test what people think of it.  I will also appraise the ad to check for the most important components – and give some suggestions.  [I normally charge $297 for this – so go for it!]

I am pretty sure you can attach files below – if you can’t then email them to me and I will get it on this web page for you.   It is ok to tell us if you are the business owner, in fact the only thing better than this would be if you asked your own current customers about your marketing pieces.  This comes from the simple but blindingly potent strategy of asking your customers or clients “how come you do business with me?”

If you have the balls to do this – you get a mountain of insight of what to put into your actions to get more clients [like the ones who answered the question.]  This is light years ahead of  ‘guessing’.   Most Townsville businesses appear to not even be guessing – but just do what the guys selling them media suggest.  ie “Marketing Victims”.

One of my favourite sayings is “You either have a plan or you are part of someone else’s.”    With advertising, the other persons plan is usually to ‘make sales budget’.  You can see why it is vital to find out what has actually worked in bring NEW business to your business, and why the OLD business is coming back.  And you need to do this BEFORE you spend one more red cent on more ads.

And then – before going after NEW customers – have simple strategies to get MORE from the customers you already have – to get them to buy MORE, come back MORE often, give you MORE referrals.  Getting NEW leads the the MOST EXPENSIVE way to increase most businesses [unless you are just beginning and dont have anything else to work with.]

If you already have a flow of leads – the most value usually comes from converting more of those leads to customers – ie the ‘conversion rate’.  Here is an example – you ‘invest’ $25k in the Townsville Yellow Pages.  Even with a 3 out 10 advert – you will get SOME calls from NEW leads.  (Not just people who are already customers who use YP to find your number.)  Lets just pretend it is 2 per day or 10 per week.    How many out of  the 10 become new customers for you?

Most of the business owners I work with believe it is really high – like 7 or 8 out of 10 become customers.  “HMMM – really?”  And I say – “So you wont mind if we measure them for a few weeks?”  It can be tricky because some purchase cycles are quite long.  But invariably the conversion rate is about 50% of what they thought.

Now here is the YAHOO YOU BEAUTY part.  If we can increase the conversion rate from 3 of 10 to 4 of 10 – we have increased our sales from NEW customers by 1 in 3, which is 33%.  This a real ball-tearer result!  AND – guess what?  It costs almost nothing to raise your conversion rate – AND you have taken the first step to stop being a “marketing victim”.  If all you sales are from NEW customers – this is a 33% increase in total sales.  If 30% of your sales are from NEW customers – then it is a 10% increase in sales.

Ok – I have ranted on a bit here – because I love the power of this stuff.  Be sure to subscribe to the feed from this site [just press the button in the top right] and join the Townsville Business Builders Letter as well – so you know when more gems appear.

Please post below with your favourite adverts.

Cheers

James


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