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Hub You - Radio Advertising Commandments - Part 3
Why Submitting Articles Will Increase Online Business her Ads in complimentary media need support. (I'll be discussing the importance of creating a balanced advertising campaign in my next blog).Enjoying the rewards of an online business is not all a bed of roses. You need to take time to research and understand the best ways to promote your business.Just like traditional business you need to build a reputation, network and advertise. What makes it tough is as online business owners we need to understand how it all works without getting caught up in hype and scams. Remember there are plenty of people out there promising the world but delivering nothing leaving you with empty pockets and no income.So where do you start to get your business known? That is the six million dollar question. If you ask a web d My recommendation: Always buy electronic media (radio / TV) as far in advance as possible. Which brings me to Radio Commandment number 10 Thou Shalt Book The Right Radio Station I am always amazed at how many retailers buy a station simply because THEY are a listener. The only reasons to do this is to reach like-minded business associates, or to stroke your ego. Although there are many things to consider when buying radio, the 2 m 17 Essential Questions You Must Have Answered Before Selecting A Payment Processing Provider Radio Commandment Number 81. Merchant Accounts: What are the Visa, MasterCard & Amex Discount Rates?- Every Payment Processing Provider will have this fee. Discount rates can vary on from as low as 1.59% right up to as high as 5.0%. The Discount Rate is really not a discount. It is a % of your sales that the Credit Card Companies charges the Business Owner to be able to offer their customers to pay with their Credit Card. (Example: If you did $10,000 in Visa sales in one month and your Discount rate was 2.5% then you would pay $250 in fees to Visa that month.) - Rates vary and are dependent on your Business Model, Business Volume, Aver Thou Shalt Use Radio To Build Strong Business Alliances. When you advertise on radio you hope to reach many thousands of listeners. But there is one type of listener few retailers think about. It is this person that can be just as important and sometimes, more important than your intended market - Business associates. Buyers, manufacturers, wholesalers, distributors. People that you do business with on a day to day basis. The benefits of influencing your secondary markets through radio advertising is important for several reasons. 1. It legitimizes your business, especially if you're the new kid on the block. 2. It opens doors to suppliers who may not have been interested in selling product to you. 3. It gives you the opportunity to invite your business associates to work out exclusive promotions. 4. You can create a co-op situation and share the cost of your radio advertising with a preferred supplier. In some cases you can get them to pitch in from 25% - 75%! 5. You can carry a bigger stick when you visit your bank manager. Speaking of banks, there is this story of a company looking to get a bank loan to start up a jean company. Of course, the bank had no fashion sense, didn't see the potential and rejected the loan request. So the owners went and booked a full scale campaign on radio who gladly gave them time & terms. The radio spots ended up creating a huge demand for the jeans at the boutique and department store level. The owners, now armed with hundreds of thousands of dollars in purchase orders were able to get the necessary loans from the bank to manufacture the goods! Quite a risk to take, but very effective! I suspect that good timing may have been a secret ingredient. Speaking of timing. This brings me to Radio Commandment number 9 Thou Shalt Know When To Book Radio There's nothing more frustrating than preparing a good advertising plan only to find out that most of the radio stations in your budget are sold out! Yes it's true. Radio stations sell out. Not all of them, but certainly the top-rated ones. Buy your time late and several things happen. The on-air schedule you get is mostly outside of prime time. Spot rates can go up. And some clients even get bumped for higher paying clients. (don't say I told you so). This can definitely affect your entire Ad campaign, especially when your other Ads in complimentary media need support. (I'll be discussing the importance of creating a balanced advertising campaign in my next blog). My recommendation: Always buy electronic media (radio / TV) as far in advance as possible. Which brings me to Radio Commandment number 10 Thou Shalt Book The Right Radio Station I am always amazed at how many retailers buy a station simply because THEY are a listener. The only reasons to do this is to reach like-minded business associates, or to stroke your ego. Although there are many things to consider when buying radio, the 2 mo Factors Which Affect the Overall Value of a Business mizes your business, especially if you're the new kid on the block. 2. It opens doors to suppliers who may not have been interested in selling product to you. 3. It gives you the opportunity to invite your business associates to work out exclusive promotions. 4. You can create a co-op situation and share the cost of your radio advertising with a preferred supplier. In some cases you can get them to pitch in from 25% - 75%! 5. You can carry a bigger stick when you visit your bank manager.Businesses are something which have a tendency to change hands now and again over the entire life of the business. Whether it is a merger or an outright sale, there are certain factors which will affect the overall value of a business that is put up for sale by its current owner. The following paragraphs will highlight some of these factors and explain why the overall value of business can be altered from time to time.Delaying the SaleSelling one’s business is an extremely important decision for a business owner to make. The sale thereof is something which can either make or break the financial stability of an Speaking of banks, there is this story of a company looking to get a bank loan to start up a jean company. Of course, the bank had no fashion sense, didn't see the potential and rejected the loan request. So the owners went and booked a full scale campaign on radio who gladly gave them time & terms. The radio spots ended up creating a huge demand for the jeans at the boutique and department store level. The owners, now armed with hundreds of thousands of dollars in purchase orders were able to get the necessary loans from the bank to manufacture the goods! Quite a risk to take, but very effective! I suspect that good timing may have been a secret ingredient. Speaking of timing. This brings me to Radio Commandment number 9 Thou Shalt Know When To Book Radio There's nothing more frustrating than preparing a good advertising plan only to find out that most of the radio stations in your budget are sold out! Yes it's true. Radio stations sell out. Not all of them, but certainly the top-rated ones. Buy your time late and several things happen. The on-air schedule you get is mostly outside of prime time. Spot rates can go up. And some clients even get bumped for higher paying clients. (don't say I told you so). This can definitely affect your entire Ad campaign, especially when your other Ads in complimentary media need support. (I'll be discussing the importance of creating a balanced advertising campaign in my next blog). My recommendation: Always buy electronic media (radio / TV) as far in advance as possible. Which brings me to Radio Commandment number 10 Thou Shalt Book The Right Radio Station I am always amazed at how many retailers buy a station simply because THEY are a listener. The only reasons to do this is to reach like-minded business associates, or to stroke your ego. Although there are many things to consider when buying radio, the 2 m The Expert Advantage: Why It Pays to Establish Yourself as an Expert nk had no fashion sense, didn't see the potential and rejected the loan request.Have you ever felt a jolt of envy to see a competitor – or even a friend – grinning up at you from a newspaper or trade publication?It kills you, doesn't it?And you know why: you need to become that authority. Prospects will gravitate to the authority on a subject they are interested in.If you can establish yourself as an expert in your industry, qualified prospects will be attracted to you. Why?Everybody wants to do business with an expert.As an entrepreneur, a majority of your focus is always on securing new customers. While it is true that your repeat clients are the backbone of your succe So the owners went and booked a full scale campaign on radio who gladly gave them time & terms. The radio spots ended up creating a huge demand for the jeans at the boutique and department store level. The owners, now armed with hundreds of thousands of dollars in purchase orders were able to get the necessary loans from the bank to manufacture the goods! Quite a risk to take, but very effective! I suspect that good timing may have been a secret ingredient. Speaking of timing. This brings me to Radio Commandment number 9 Thou Shalt Know When To Book Radio There's nothing more frustrating than preparing a good advertising plan only to find out that most of the radio stations in your budget are sold out! Yes it's true. Radio stations sell out. Not all of them, but certainly the top-rated ones. Buy your time late and several things happen. The on-air schedule you get is mostly outside of prime time. Spot rates can go up. And some clients even get bumped for higher paying clients. (don't say I told you so). This can definitely affect your entire Ad campaign, especially when your other Ads in complimentary media need support. (I'll be discussing the importance of creating a balanced advertising campaign in my next blog). My recommendation: Always buy electronic media (radio / TV) as far in advance as possible. Which brings me to Radio Commandment number 10 Thou Shalt Book The Right Radio Station I am always amazed at how many retailers buy a station simply because THEY are a listener. The only reasons to do this is to reach like-minded business associates, or to stroke your ego. Although there are many things to consider when buying radio, the 2 m PPC and SEO number 9The online community is definitely a large market place that you cannot ignore, especially if you have an internet business. There are thousands if not millions of consumers that you can tap in the internet.At the same time, the internet also poses a quite different challenge. The easy access that internet provides also gives you as much competition as you can imagine. It is too crowded and congested.Having a website is not enough to make your business running and able to compete. You must take other alternatives to give way for the online community to access your website at any rate or chance possible.You Thou Shalt Know When To Book Radio There's nothing more frustrating than preparing a good advertising plan only to find out that most of the radio stations in your budget are sold out! Yes it's true. Radio stations sell out. Not all of them, but certainly the top-rated ones. Buy your time late and several things happen. The on-air schedule you get is mostly outside of prime time. Spot rates can go up. And some clients even get bumped for higher paying clients. (don't say I told you so). This can definitely affect your entire Ad campaign, especially when your other Ads in complimentary media need support. (I'll be discussing the importance of creating a balanced advertising campaign in my next blog). My recommendation: Always buy electronic media (radio / TV) as far in advance as possible. Which brings me to Radio Commandment number 10 Thou Shalt Book The Right Radio Station I am always amazed at how many retailers buy a station simply because THEY are a listener. The only reasons to do this is to reach like-minded business associates, or to stroke your ego. Although there are many things to consider when buying radio, the 2 m Major Elements of Operating Agreement for Limited Liability Companies her Ads in complimentary media need support. (I'll be discussing the importance of creating a balanced advertising campaign in my next blog).The Operating Agreement sets forth the rights and obligations of the members. The Operating Agreement can require disputes to be resolved by arbitration, rather than with costly and stressful litigation. The following is a list of some of the most important elements to include in an Operating Agreement:Set Rules for Admitting New Members: The Operating Agreement can require the consent of all members, or allow a prospective member to become a member with the consent of a majority of the members or all of the members. Restrict Members from Freely Transferring Their Interests in the Company: The Op My recommendation: Always buy electronic media (radio / TV) as far in advance as possible. Which brings me to Radio Commandment number 10 Thou Shalt Book The Right Radio Station I am always amazed at how many retailers buy a station simply because THEY are a listener. The only reasons to do this is to reach like-minded business associates, or to stroke your ego. Although there are many things to consider when buying radio, the 2 most important things as far as I'm concerned are: 1. The Target Market (the listeners/shoppers you want to reach) 2. The Cost per radio spot I'm talking about buying local radio in a market you know. Otherwise, if you're looking to run a campaign in another city, you must rely on stats. Arbitron offers radio stats in the U.S., and Canada offers complete listener profiles from the BBMs. (Bureau of Broadcast & Measurement). Now there are many ways to buy radio depending on who you want to reach and what you're trying to sell. Prime time periods, though heavy with listeners, may not be the best time to pitch, for example, a night club. I would suggest running spots Thursday, Friday & Saturday nights. People at that time are out partying or looking to party and are more inclined to take your queue and drop in. Consequently, you pay far less for that time period, and you zero in on the listeners who are most receptive. Now, many stations consider their prime periods as morning and drive, and costs vary wildly depending how many listeners a station reaches within any given time period. Although you can target specific time periods to reach your market, in many cases I prefer to buy a rotation plan. This allows you to reach different types of people throughout the day instead of reaching the same listeners every single morning. This scenario may be good "frequency" (how many times a person hears your spot), but is poor for "reach" (how many different people hear your spot). Rotation plans are also cheaper and in the long run, get the job done quite well. Radio stations also love selling rotation plans, because it evens out their spot distribution. I mentioned above, that you should buy radio as far in advance as possible. But is there a time when you shouldn't buy radio in advance? YES. And it can get you the lowest rates possible. Stay tuned to my next blog. You'll love this!
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