Does It Still Pay To Advertise?
Sales Clinic
Karen Hall (QP's Managing Editor) forwarded an email to me today; a request from a reader for an article on advertising strategy. "What works?" the reader asked. And, specifically, "What will work in this economic climate?" I think you'll agree that those are good questions.
The Purpose of Advertising
As a starting point, let's consider the purpose of advertising. I think most printers approach advertising with the goal of keeping their name in front of their customers. I'd state that a little differently, though, and say that the capabilities of advertising include keeping your name in front of current customers and putting your name in front of potential customers. To me, that's an important distinction, especially considering that most printers have a greater need to develop new customers than to simply stay in front of old ones.
I have written before that such things as newsletters have some value in keeping your name in front of current customers, but they don't do as much as most printers hope they will toward developing new ones. Your advertising strategy should be driven by your specific business goals, and if new customers are your goal, a tactic that works best on established customers isn't likely to get you where you're hoping to go.
How important is it, though, that you gain new customers? If you can grow your business by selling more to current customers, isn't that just as good? Sure it is! But how does just "keeping your name in front of" those customers help you to accomplish that? The answer is that it probably won't, unless you recognize and take advantage of another important capability of advertising—the ability to educate both customers and potential customers by telling them exactly what they could be buying from you. In other words, you'll have more success with your advertising if your goal is to keep both your name and your product line in front of all those people.
A Huge Canvas
There are many ways to advertise, and most of them work to at least some degree. If I were you, though, the core of my advertising program would be my website. Why? Because a website has nearly unlimited capability to tell your story.
To further explain that, let's compare a website and a postcard. The postcard has limited "real estate" on which to place words and/or images. A website, on the other hand, can be a huge canvas to carry a wide range of words and images—including spoken words and moving images. I've been to hundreds of websites that integrate audio and video, although sadly, not too many of them belong to printers. And at the other end of the spectrum, I've been to hundreds of printers' websites that don't even take full advantage of the pages built into the template or standard design that they bought.
What do I mean by that? For one thing, if your website doesn't include photos and bios of your staff, you're missing a huge opportunity. More importantly, if your website doesn't include a comprehensive listing/description of your products and services, you're not taking advantage of that ability to educate.
Okay, hopefully you'll spend some time and money on your website, turning it into a great story telling tool. Now the issue becomes pulling or driving people to it. You pull people to your website through search engine optimization, using keywords and other strategies to increase the likelihood that your name will come up in their search. You drive people to your website by putting your name, and product line, and website address in front of them frequently and creatively. And while I'm all for putting some of your resources into pulling, I think you'll have greater success with driving strategies, because you have more control over them. You can't know that someone will search on "printing, brochures, cary nc" every day, but you can invite people to visit your website every day.
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