ADVERTISING
YOURSELF
The media is a powerful thing. The average
person spends an enormous amount of their life consuming it in one form
or another, and will spend a significant percentage of that time looking
at, listening to or watching advertisements. If you want to use the
power of the media, though, you need to know what you're doing otherwise
your investment will be a financial disaster. Listed below are the most
common forms of media advertising. No doubt you can think of others as
well.
Advertising in Newspapers and Magazines:
There are two kinds of advertising you can get in newspapers and
magazines: classified and display. Classifieds are the small ads towards
the back of the publication, while display ads can be almost any size,
from a small corner of a page to a massive double-page spread. If
there's a publication you're interested in advertising in, either go to
its website (the rate card section) or call its advertising department
to find out the rates it charges. Now pick your jaw up off the floor.
Yes, advertising in the print media really is that expensive, and for
most home businesses it probably just won't be that economical. There
is, however, an exception: niche and trade magazines. If you've ever
looked around in a newsagent, you will have seen just how many magazines
there are out there, filling every conceivable gap in the market. You
need to find the magazine that people who are interested in your
services might read. For example, if you're a wedding photographer, look
for a magazine called 'Your Wedding', 'Bride', or something similar.
Advertising in these magazines will be far cheaper than placing an ad in
a general-audience publication, and far more likely to actually get some
responses.
Advertising on the Radio:
Wherever you are, the chances are that there's a local radio station.
Once your home business grows to a decent size, you might consider
buying some time on it. Really, though, the only kind of home business
that can benefit enough from radio ads to justify the cost is one that
does anything to do with cars. Since radio is almost entirely limited to
use as in-car entertainment now, you know that almost everyone your ad
reaches will be a car-owner, and so might be interested in what you're
offering. If you offer something that people need cheaply or even for
free, you can get a big response. Unfortunately, that response could be
a little too big -- thanks to the time-sensitivity of radio, you'll get
mobbed the next day, and then everyone will forget you again. Radio
advertising offers the listener no opportunity to keep your ad and refer
to it later, or to find it again in the future. You will find that any
ads involving a phone number are spectacularly useless.
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Advertising on the Television:
Unless your business is getting pretty big, this would be quite a bad
idea. You'd have trouble producing and airing an ad even on local cable
channels for less than $10,000. Of course, if there's a market for your
product and you've got the budget for this, you could take a gamble and
make a mint. The home businesses that tend to do best out of TV ads are
ones that have a 'unique and useful invention' product with
easy-to-demonstrate benefits -- think infomercial. Research shows that
you can sell almost anything given a 60-second ad, a free phone number
and a price point of $19.95.
Advertising on Billboards:
Here's one that gets overlooked pretty often, but can be very effective
if you do it right. Billboard ads are relatively expensive, but they do
generally stay up for a long time, and they can be very specifically
targeted to an area -- the one where they're physically located. You'll
have the best results with this if you can put one near enough to your
business that it could say 'turn left at the next junction', or
something like that. Phone numbers are, again, pretty useless, although
you could have some luck putting a website address up there.
Advertising at the Movies:
Finally, here's one that often gets overlooked. If you turn up to the
cinema early, you might have seen that before the big-budget ads, ads
for local businesses are run. This can be a great place to advertise
relatively inexpensively in quite a high-profile way, and it works
especially well for takeaway food businesses. -By Lee Ashners

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