Here’s how to avoid a common advertising mistake, which loses small business owners a fortune.
Who (not how many) are you reaching?
The next time you are thinking of advertising, remember that the numbers come second.
Most small business owners buy advertising, based on the number of people who will read, watch or listen to the advertisement. That’s how to buy ineffective advertising. You see, it’s not about the number of people who will potentially see or hear your ad. It’s about who those people are.
The ad reached 125,000 people for just $475!
I was prompted to write today’s post, after a reader emailed me to say she had recently paid for an advertisement that went into a newsletter, with a readership of 125,000 people. She explained that whilst the readership “wasn’t an ideal fit”, she thought $475 to reach all those people was a bargain.
Her advertisement generated 9 responses and no sales.
Here’s what she got, in return for $475:
- 7 responses came from pushy advertising salespeople, trying to sell her more ads.
- 2 responses came from people who were totally unsuitable for the service she was advertising.
Like most small business owners, she was seduced by the number (or reach) of the advertising, rather than who the advertising was reaching.
In short: Before you invest a penny on advertising always, always find out who your ad will reach, before you concern yourself with how many it will reach.
Tip: Here’s some useful information, with examples, on how to get your advertising right.
- Online advertising: Looking beyond the obvious
- 3 Tips to help you get massively better sales results
- 4 Common marketing mistakes AND how to avoid them
- What type of clients do I work with and who do I avoid?
- Launching today!
- How to avoid the feast and famine trap
- Why most small businesses go broke AND how to avoid it
- Money without happiness… you’re still broke!
- Why most small businesses die and how to avoid it!