Recent Marketing and Advertising Articles
for Your Small Business
Chapter Sixteen: 0% savings... or 200%
returns?
I would like to expand on the past post below about saving 50%
on your advertising. I have replied to "K's" post but thought this warranted a
separate post as well.
Because there is more to this story than I originally
shared.
WHY is this important to your bottom line?
Last minute details can definitely mean big savings – and even
bigger profits.
Think about it:
If you invest $1000 in an advertisement and make $1,500 profit
= you are happy with the results.
But if you get the space at 50% off – you will have either
doubled your profits – or more! Let me explain... you could either take the 50%
savings on the same sized ad... or you could double the size of the ad and
invest the original amount.
Twice the ad space (or run 2 smaller ads for the same price)
could mean MUCH MORE than double your profits.
You have to test it – but double the ad space gives you more
room to compel them to order... more copy means more sales.
So that 50% reduction in ad space can mean a 2x – 4x return in
your profits.
Worth some testing? I'd say!
All by asking about remnant space and distressed ads (they all
have them – despite what they will initially tell you. Send them a check for 50%
off – along with your camera ready artwork – only to be cashed if they run in a
distressed / remnant space.) See how fast they will "find" empty
space!
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