|
|||||||||||
|
|
Determining Ad Size Why the traditional approach rarely works
In the case of the advertiser mentioned previously who had been running in a newspaper and getting no response, her reply to the advertising representative's suggestion to apply 5% to her gross sales was "Great, I have no sales, so take 5% of that and see what you can come up with." If your business, and your advertising, isn't humming
along, then the traditional approach to budgeting might not help. And
even if your business is running at capacity, this approach bases the
final ad size on a calculation that includes the newspapers rate. Nowhere in this process is there any consideration for how big the ad needs to be based on the products, services, competition, and target customers--what we believe are critical factors to consider when determining ad size. In our seminars, we use the following example. When a major airline tries to determine how much to
budget for fuel for the upcoming year, they simply don't decide upon a
number and say "OK, now divide up the fuel by the number of flights
we have, and if the planes make them to where they're going, they make
it; if not, well, that's all we can afford." But how big an ad do you need to run, and how large can you run? And what about frequency? Many of these answers can be found on the next page. Next: How we do it
|
|
Home | Contact Us | Online Seminars | Hire A Speaker | About This Site |
Conditions of Use © 2001-2010 Robert McInnis Consulting |