Are you expecting instant results?

Get More Bang for Your Marketing Buck
Avoid "The Most Common Advertising Mistake # 1: The desire for instant gratification."

You waste precious ad dollars when you expect your advertising to work instantly. So many times a business will advertise on TV, radio, newspaper or billboards in an effort to “get more people in here.” During and just after the campaign they ask, “Why aren’t coming in?” In my article, Unrealistic Expectations, I address this in more detail.

Take the time. Plan ahead. Do an Uncovery first.

In an Uncovery the decision makers of the business to come together.

I bring a set of PowerPoint presentations that ask a ton of questions to find out:
· The short and long term goals for your business. Is everyone on the same page? What direction shall we go?
· Find out what the branding strategy and Image Building would be for any advertising
· Discover where to start, where to end up, and what to leave out
· Gather information to build a campaign around our strategy
· Discover the strengths and weakness of your business as well as your competitors
· Determine how success will be measured
· What are we trying to accomplish?
· What will we consider a happy ending at the end of a year one, two, three?
· We'll find out what your core values are, what you stand for, the things you will never quit on.

From that research, determine your untold story and the amount of money you can spend. Spread that money out for a year in a media you can dominate and be very shrewd in your media buy.

Decline any other advertising until you do your advertising and marketing planning session for the next year.
Every successful business owner does those things. Small business owners that search for a magic ad or some gimmick to “get the people in here” will always fail. They fail to get the best bang for their buck and sometimes the business fails too.

“Hype doesn’t sell anymore.

The effectiveness of artificial urgency is in sharp decline. People are no longer naive. Companies that were built on high-impact ads are finding their dwindling, traditional customer base won’t respond to anything but high-impact offers and new customers won’t take them seriously. These stores are closing their doors and no one is noticing.”
Read the whole memo at Roy Williams Monday Morning Memo on 5-21-07

I’ve had the opportunity to chat with multi-millionaire Jim Rohn on several occasions. In the year 2000, we were talking at a conference in Louisville Kentucky, on the subject of becoming wealthy in America. Jim said, “Clay, the best way to get rich quick, is to get rich slow.” That is the best way to woo potential clients and grow your business too. Read Sam Walton’s book, Made in America, and you’ll see he started off slow in the early years. With a great deal of thinking and planning, Wal-Mart slowly grew into a giant.

One of my favorite quotes is by Willie Nelson. He said, “It takes about 20 years to become an overnight success.” Successful wealthy small business owners will say the same thing. Try to avoid that very strong desire for instant gratification with your advertising. You’ll get a much bigger bang for your buck.