10 Steps to Effective Advertising
1. Know Your Business.
Identify your strengths, weaknesses and unique features. Honesty is the best policy here. Take an objective look at your business.
2. Know Your Competition.
Know who they are and where they are are located. What are their strengths and weaknesses? (Go through this process with your top 3 competitors.)
3. Position Yourself.
Develop a Unique Selling Proposition (USP) based on your own strengths and weaknesses as well as those of your competition. What sets you apart from your competition? Find that and you’ve found your USP.
4. Develop a Theme.
Put your unique selling proposition into an advertising theme that will be remembered. Use this theme in all your advertising. (Whether it’s a theme of words or a theme of graphics. The key is consistency: consistent look and message.)
5. Identify Your Target Audience.
Who will your product or service appeal to most? (Gender, age, income, geographic location, etc.) Don’t try a ‘shotgun’ approach and try to market to everyone, be focused.
6. Target your advertising message to your market.
Once you’ve identified your audience, talk to them in a way that appeals to their needs. Remember this acronym – W.I.I.F.M. (like a radio station call letters) – What’s In It For Me?
7. Use the Media that will most effectively reach that market.
Not all forms of advertising are cost-effective or appropriate for all types of audiences. Do some research and fact-finding before you buy any media.
8. Measure Your Results.
Design a means to measure your results. Knowing which advertising method is most effective will help you make the most of your future advertising budget.
9. Develop an Advertising Budget.
Most generally, this will be a percentage of your gross annual sales and will vary depending on your goals. Once you determine what this budget will be, stick to it.
10. Consider Using an Advertising Agency.
Whether you use Catalpha or another agency, executing steps 1 through 9 through a professional service will make any investment you put into advertising work harder for you.