Street Smart Guide To Small Business Marketing

Newspaper Advertising: Key Strategies
Newspaper Advertising: Understanding Key Strategies:
Newspapers
are a great way to reach a local audience of potential customers.
Although free advertising (through being featured in articles or news
stories) can be a great way to show off your small business products
and services, you're not always able to garner free press or control
the message within articles.
Newspaper advertising, when
done properly, can put your small business in front of the eyes of
thousands of readers in a single day.
Consider the following
strategies and tips before committing to newspaper advertising as a
small business marketing component:
Make Sure Newspaper Advertising is Appropriate for Your Business:
Newspaper advertising might seem like the first
choice for getting the word out about your products or services, but
it's important to know that advertising in the newspaper is a better
choice for some types of small business than for others. Some
businesses that have the best results from newspaper advertising have
the following characteristics:
1. Local customer base.
2. Target market is educated, middle-aged or older.
3. Physical address/Point-of-sale location with regular hours.
4. Broad customer base or product range (not too "niche").
5. Retail or customer services, not business-to-business or wholesale only.
6. Advertise in other local avenues as well.
7. Are already established businesses (vs. startups).
Make Sure Newspaper Advertising Costs Will be Offset by Response Business:
If you've determined that newspaper advertising is
appropriate for your business, it's important to make sure that the
financial investment is likely to translate into positive profits.
While it's impossible to know how many readers actually see and take
notice of your ad, you can estimate the potential power of a newspaper
ad.
1. Know the circulation numbers. How many people subscribe to the newspaper?
2. What are the demographics of the subscribers (average age, martial status, income, zip codes, etc.)?
3. What section will your ad appear in? Can you control where/what articles your ad will appear next to? 4.
What referrals can the newspaper give you to other businesses (so you
can hear from another business like yours what results a newspaper ad
has gotten)?
Once you've gathered this information, chart
the number of primary customers that you estimate will view your ad.
Take the cost of the newspaper ad and create a target goal of customers
or business you intend to gain as a result of the ad. For example, if
you're spending $300 on one ad, how many customers or sales would you
need to generate to justify spending that amount?
Make Sure You Have a Way to Measure Response to Your Newspaper Ad:
Keep in mind that newspaper advertising doesn't
always generate a response, but is often a form of indirect or brand
advertising that can't be measured. There are ways to track response to
a newspaper ad, however.
The simplest way is to put an
exclusive coupon or offer in the corner of your ad. That way, you know
exactly how many customers are coming in as a result of seeing your ad.
Match this response with the goal you set when you considered your
advertising budget and target response numbers.
Make Sure Your Ad Contains the Necessary Information:
First
and foremost, make sure that your ad has a goal. What type of person
are you trying to reach and what are you trying to say? Make the
message clear and include the following necessary information:
1. Contact information (address, phone, website, hours, etc.).
2. Offer, sale dates, or promotional discount.
3. Business message.
4. What types of products/services are offered.
5. Reason to buy!
Make Sure Your Newspaper Ad Isn't Too Wordy:
The more you pinpoint the exact goal of your ad, and
the target market for your ad, the easier it will be to "cut, cut,
cut." Cramming lots of text into a small newspaper ad is ineffective.
Choose short phrases (5 words or less), bullet points, or just key
words.
Avoid full sentences or paragraphs. You've only
got a few seconds to grab the reader's attention, don't waste your
money on getting your ad passed over because it's too crammed.
Make Sure Your Newspaper Ad is Catchy:
Rather than placing a generic "business card" type
ad, try making your newspaper ad more time-sensitive or relevant. The
following ideas can really make your newspaper ad stand out from the
many, many others.
1. Advertise an event (i.e. grand opening, sale, guest speaker, or workshop). 2. Advertise a sale (i.e. holiday promotion, coupon, or special theme). 3.
Use photography. A newspaper is full of text; offer contrast! Pictures
of products, store owners, or a physical location can be eye-catching.
Use Repeat or Regular Ads to be Most Effective:
Placing a one-time ad almost never works for any
small business, or any large business for that matter. If your budget
doesn't allow for a repeat campaign, newspaper advertising isn't likely
a good choice for you.
When customers see your repeat
ad, they are more likely to respond with a purchase when they need your
products or services. Newspaper advertising also often comes with
discounts when you commit to regular advertising over the course of
several months as well.
Negotiate a Better Advertising Rate for Your Newspaper Ads:
Most people assume that "the rates are the rates."
This is far from the truth. The number one question to ask: "Is
that the best you can do?" You'll find that not only can you get a
better price on advertising, but you might also learn about referral
programs that will get you discount advertising for giving suggestions
of other small businesses that may also advertise in a publication.
When you are advertising in newspapers, it's also important to consider
which periodical you place an ad in. Many cities now have multiple,
smaller papers that either cater to a niche audience or are published
primarily as "coupon" or "money savers."
If your
business offers slam-dunk bargain pricing, or offers rare and unique
services that are hard to find, these smaller publications might offer
a better newspaper advertising campaign than the main newspaper of your
town or city.
What's Next
Next In This Guide
Part 17:
Effective Magazine Advertising for Small Businesses - A simple checklist for using magazine advertising to get high-end exposure.
Previous In This guide
Part 15:
Training Employees: A Smart Marketing Technique
- A small business marketing strategy is bound to fail if employee
training isn't conducted properly. Help your staff think and feel like
the customer.
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