One of the more
frightening realities of business is that in
order to make money, you often have to spend it
first. For independent software developers, the
costs of doing business are usually very low.
There are often no expensive offices to
purchase or lease, a limited amount of hardware
to buy and maintain, and for most, no stock to
tie-up precious capital.
For many developers,
the first and most obvious option for
productive spending is advertising. And for the
online business, there is no shortage of
options to choose from.
Most websites offer
some form of graphic or text advertising, and
there is a bewildering variety of mailing
lists, newsletters, and regular mailings. And
that's before you even begin to consider the
printed media.
However, before you
even start to think about where you want to
advertise, you need to consider why you're
advertising in the first place.
For many companies, the
aim of an advert will simply be to increase
sales and make more money. Other legitimate
reasons for wanting to advertise can include
raising the profile of your company or product,
increasing brand awareness, and testing new
pricing strategies or new markets.
>From the outset,
it's important that you are clear about exactly
what it is that you want to achieve. From
there, you'll be able to choose where to
advertise.
When selecting a venue,
an important factor will be how targeted the
audience is, as this will have a major bearing
on the price that you should be prepared to pay
for the ad. In general, the less targeted the
audience, the less money you should part with.
And even though it's not always the case, you
might want to consider spending a little bit
extra for a highly targeted advert.
The next obvious factor
is the price.
First of all you need
to know how much you will be paying, and
whether this is a flat fee, a cost per click,
paying per exposure, or some
arrangement.
You also need to
consider the costs involved in preparation. If
you're using artwork, you may wish to use a
professional designer to create it, and don't
overlook that the graphic might have to be in a
specific format. More importantly, you have to
take into account the amount of time that you
will have spend on arranging this.
You also need to
consider the time period that you're hoping
your advert will cover. If the ad will be on a
website, then you'll probably be looking at
days, weeks or even longer. If so, then you
should find out whether you can change the
content of the ads as you go. If this is what
you want to do, all the ads should be prepared
well in advance, and the total costs of these
should also be factored into the
budget.
A good starting point
in finding a suitable place to advertise is to
learn from the experiences of others. As an ASP
member, you have access to the private
newsgroups, where other members will often be
considerably more open, detailed and revealing
than they might in public.
When you think you've
found the right venue, read through whatever
information you can find on their website or in
their publications, and only then contact the
person who handles these matters.
Present them with a
general introduction to yourself, your products
and your needs, and don't be afraid to ask
questions right from the start. Ask about their
terms, payment terms, conditions, and whether
they offer any form of guarantee or minimum
response levels. A little bit of optimism never
did any harm!
You'll also want to
find out if there are any deadlines or
timescales to consider, and whether they will
publish your ad "as is", or reserve the right
to edit it to suit their content.
Bear in mind that
whoever you contact is likely to know their
audience very well, so make sure that you ask
for any guidance, tips or pointers that they
can offer. Find out who will see the ads, what
behavioural patterns you might expect, what
outcome or response rate you might get, and
whether they can offer any helpful
suggestions.
Also find out who else
has advertised with them in recent months, and
ask if you can have their contact details. Make
sure that you chase these up, and ask them
outright about their experiences.
Leave nothing to
chance, and find out whether there will be a
contract to sign, and any commitments that may
be involved throughout and beyond the
advertising period. It's also a good idea to
find out how flexible they may be. For example,
if the ad will run for a number of days or
longer, can you change the content of the ads
with little or no notice?
At this point, it's
very important to keep in mind that you are the
customer. Don't be afraid to ask questions,
don't be worried about bargaining, and make
very sure that you're getting all the
information and answers that you need. If not,
move on. There are many other places to
advertise.
Assuming that their
answers meet your satisfaction, you are then in
a good position to negotiate. The web is full
of advertising, but even the more popular
websites and newsletters often find it
difficult to sell all their advertising space
nowadays.
You might also want to
ask them whether some form of trial period may
be possible. If they're very confident of a
high click and success rate, then they
shouldn't object to an ad going out to a
smaller test group, or perhaps a normal ad
running for a number of hours.
When it comes to the
actual payment basis, the ideal scenario would
be a vendor offering high-quality, targeted
advertising, with payment based solely on a
commission basis, with no sign-up fee or base
rate.
This is, however, a
little on the unlikely side. A more realistic
option will be advertising that is based on a
flat fee, most (or all) of which will be paid
for in advance.
When the terms, price
and payment conditions have been dealt with,
you're then ready for the content of the ad
itself.
The following article
will look at the importance of knowing your
target audience, what to include in the ad, and
how to know when to call in the professionals.
We'll also be looking at the importance of
implementing a good tracking system, and how to
follow up an advertising campaign to gain from
your experiences. In short, we'll be looking at
everything else you need to help make your ad
campaign a successful one. Until then, be seen,
be sold.
Copyright © 2005 Dave
Collins
About The
Author
Dave Collins is the CEO
of SharewarePromotions Ltd., a well established
UK-based company working with software and
shareware marketing activities, utilising all
aspects of the internet. http://www.sharewarepromotions.com
and http://www.davetalks.com.
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