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.
|