Marketing – Promotion Strategy for small business (Advertising)

Promotion is the method you use to spread the word about your product or service to customers, stakeholders and the broader public.Once you’ve identified your target market, you’ll have a good idea of the best way to

reach them, but most businesses use a mix of advertising, personal selling, referrals, sales promotion and public relations to promote their products or services.
1.Advertising
2.Selling
3.Sales Promotion
4.Public Relations

Advertising
What is advertising? Advertising is a form of communication designed to persuade potential customers to choose your product or service over that of a competitor.

Successful advertising involves making your products or services positively known by that
section of the public most likely to purchase them. It should be a planned, consistent activity that keeps the name of your business and the benefits of your products or services uppermost in the mind of the consumer.
Why advertise?
The objective of advertising is to increase your profit by increasing your sales.
Advertising aims to:
*Make your business and product name familiar to the public
*Create goodwill and build a favourable image
*Educate and inform the publicOffer specific products or services
*Attract customers to find out more about your product or service

The rules of advertising
There are four rules to consider when planning any advertising activity – ie: before you prepare and book any form of advertising.

Aim -What is the primary purpose of the advertisement? Is it to inform, sell, produce listings or improve the image of your business?
Target -Who is the target? From which sector of the public are you trying to achieve a response? For example is it male, female, adult, teenager, child, mother, father etc.
Media –Bearing the aim and target in mind, which of the media available to you is the most suitable – ie: TV, radio, press or Internet?
Competitors –What are your competitors doing? Which media channel do they use? Are they successful? Can you improve on their approach and beat them in competition?

Developing effective advertising Good advertising generally elicits the following four responses:
Attention –It catches the eye or ear and stands out amid the clutter of competing advertisements.
Interest –It arouses interest and delivers sufficient impact in the message or offering.
Desire –It creates a desire to learn more or crave ownership.
Action –It spurs an action which leads to achievement of the ad’s original objective – ie: it prompts potential customers to purchase or use your product or service.

Commonly used media
There are many media options open to advertisers. Which media you use will depend on who you are trying to reach, what you want to say and your budget. Often a combination of media (the media mix) can be used to good effect. Remember to keep your branding and message consistent across all media. This includes use of colours, logos, design elements and fonts.
• Stationery: which includes letterheads, envelopes and business cards, is a means bywhich your business image or “name identification” is projected. Good quality stationery, used with care and attention and with a high standard of presentation, is an everyday means of presenting your businessimage.

• Window display or office frontThe external presentation of your business office or shop is one of the principal ways of establishing your business image. An attractive, well maintained exterior with clear,bold sign writing is an essential start. Windows should be bright, attractively presented, scrupulously clean and well lit at night. The display should be arranged neatly and aimed at projecting an attractive company image and providing a reason to buy your products or services. Above all it should have sufficient impact to attract attention.

• Press advertising: This is a commonly used form of general advertising and includes advertising in all press such as newspapers, magazines and journals. Press advertising is suitable for image building, information dissemination and sales campaigns. It is also a very affordable option for small businesses.

•Radio is considered by many advertisers as an ideal medium due to its ability to reach specific target groups e.g. teenagers, racing followers or grocery buyers. Radio advertising covers spot adverts (usually 15 or 30 second), promotions or talkback/DJ discussions. Most radio stations offer packages which include production and extension of your radio campaign through their websites.
• Television: Television is a powerful advertising medium because it creates impact through sight, sound and movement however the cost of producing the advertisement and procuring sufficient air time to allow the campaign to work often makes it prohibitive for small business.
• Direct mail: This is a broad category covering direct communication with the consumer through email, post or fax. It can include newsletters, catalogues and letters. If you plan to use email, be sure to comply with national anti-SPAM legislation which makes it illegal to send unsolicited commercial electronic messages. Visit the Australian Communications and Media Authority website for more details – www.acma.gov.au.

• Outdoor: This is any type of advertising which is done outdoors, including static advertising such asbillboards, backs of street benches and bus shelters or mobile advertising displayed on buses, trains, taxis or towed signage.

• Ambient: Refers to any form of advertising that occursin a non-standard medium outside the home,and usually where your consumers are likely to be. It’s limited only by your imagination and includes things like advertising on the back of shopping receipts or toilet doors at the cinema, placing branded coasters at the local pub, projecting onto buildings, advertising inside lifts or distributing brandedcups.

• Cinema: You can purchase cinema advertising by individual cinemas or screens for a set amount of screenings or “runs”. Most providers offer packages which include production and screening of your advertisement

• Point of Sale: Advertising at the point where the consumer makes a purchase decision eg: floor stickers,in-store digital advertising, shopping trolley signage, shelf or counter posters or playing interviews about your product in store.• OnlineThe options for online advertising continue togrow rapidly. They include advertising on your website, advertising on other websites, creating links to your website from other websites, publishing blogs, offering online product games, social networks and forums.

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