Advertisement Ideas: It All About That Base!!!
In business marketing it is all about creating a solid base. Many times we call this our tribe or followers. The key is to have a strategic plan and to implement that plan while evaluating the plan and making the necessary adjustments so as to strengthen the brand and increase revenue. In my 40 years of working in the for profit and non-profit sectors I have witnessed a few things about successful businesses and they all have one thing in common consistency. Most businesses tat succeed build a base through effective targeted advertising. It is important to remember that one oh shit can ruin 1000 at a boys so you must strive to keep your base happy by providing great quality products and services while delivering what the consumer wants. Your advertising must build confidence with the consumer by having a strong call to action that will make your base shop with you and recommend you to others. When you are making your advertising choices you must consider who the ad reaches and what return on your investment you desire. When you give your base what they desire and you exceed their expectations you will create a buzz about your business that will then translate into greater revenue. In spending money on customer acquisition it is important to remember that customer loyalty also goes a long way in strengthening your brand and thus increasing revenue. After you acquire your base it is important to retain that base so that you can continue to grow by gathering and using testimonials of satisfied clients who continue to use your products and services.
Advertisement Ideas: Building The Base!!!
The buzz word today is attraction marketing. The idea is to create a niche market and to attract the customer base that fits into that niche. This allows you to narrow your scope and more effectively market your products and services. The idea is to keep ahead of the curve by being a step ahead of the current trends and then having a marketing plan that is very fluid and adaptable that can be implemented at any time for any situation so that customers will still have confidence in doing business with you. I saw today that a business that has been in the same place for 9 years is being forced to move and they are doing a moving sale although they have a second location that could handle stocking the inventory. They instead have marked things down to a point that they are selling off certain items at a loss. This is okay to create quick cash flow and liquidate items that aren’t moving but it also sets a perception with the consumer to wait until they mark down merchandise. This is where knowing what you paid for an item is very important. You can attract customers by doing a liquidation sale and letting them know about your other location that will accommodate them in the future but it is important to let them know that these type of sales are not the norm. Also when you move it is important to let your existing customers know that you moved. In doing attraction marketing you must know your desired target demographic and where they are getting there information. I recently worked for someone who did not have a website and I thought wow you are behind the times as most people are looking for what you have on the Internet. I mentioned that the business should be doing targeted marketing and each time the manager told me that doesn’t work. Needless to say that business closed and he now has a warehouse full of inventory. When you attract your desired audience and turn the browsers into buyers you can capitalize by offering more items. It is when you know what your base desires that you can deliver.
Advertisement Ideas: Building The Base: A Case Study!!!
The year was 1987 I was a Senior at Hofstra University majoring in Marketing when I was given the opportunity to intern with The New York Liberties of Major League Volleyball. I will be forever grateful to Jerry Saperstein who taught me the importance of building a fan base and making sure the fan experience is something to remember. Our team was very competitive and we did many promotions. The first thing I did to build a base was I reached out to the students on campus and gave them FREE Tickets, we made up for the give-a-way with concessions and Liberty Merchandise. I then reached out to the media and invited people like Pete Axhelm to cover the team. I then contacted all the local schools and volleyball clubs in the area. When the season ended we went from 250 people at a game to 400 people at the game. I did this by making sure people knew who we were and that when they came to a game they would have a great experience. I remember one game we invited The Hempstead High School Band to perform and we gave them a donation and they came out in force and their parents and friends came and they started to come to games even if they were not performing. The idea is that when building your base you have to do outreach and make sure people know who you are and give them a reason to do business with you.
Advertisement Ideas: Find Your Why?
As you open up your business today ask yourself what is your why? If you are doing charitable work and cause marketing ask yourself why? When you advertise ask yourself why? It is when you find your why that your impact is increased. There are two great days in a person’s life the day they are born and the day they find out why. It is when you have purpose in what you are doing that you can increase your level of success. In all my years of working with entrepreneurs and non-profit leaders I have witnessed on thing about the successful leaders and that is they are driven by their why and have a defined purpose. Once you find your why you can develop your marketing strategy around that so as to attract new customers/clients.
The most difficult thing you have to do as a business leader or a non-profit volunteer is to find your why. What drives you to do what you do? Once you find that why you can create programs that will impact your what. How many times during the course of the day are you asked what you do? How do you answer that question? Do you tap into your why and say I help people to excel because I want them to have a better personal and professional life or do you simply say I help people to excel? Many times it is not what we say but how we say it that impacts our results. I have found when people know your why they are more apt to do business with you or to support your cause. When all you do is tied back to your why you will see the level of your results change for the better. In working with clients I hear it all the time JDOGG I want to make a lot of money. I always counter why do you want to male a lot of money? When they give me the reasons I have them write those reason down so that when they open their business or go to work in their non-profit position that they are driven by their why.
Advertisements Ideas: Finding Your Why: A Case Study!!!
If you have read this blog frequently you have read about my commitment to Relay For Life. 2017 marks 18 years that I am doing Relay For Life and this year I am asking everyone to donate $18 at www.relayforlife.org/sunrisefl by clicking on donate to a participant and typing in my name, Jonathan Lederman. Why I am asking for $18 is that in Hebrew 18 is represented by Chai which translates into life. Why I am relaying is to honor the memories of all those that I have lost to cancer especially the memory of my mother.
This is my mother, Judith Miller, who was called home to GOD on July 5, 2012 after suffering a massive heart attack while battling non-operable metastatic lung cancer. She has become my why I relay story. Each time I share my story I generate donations. Over the last 4 years that she has been gone it is estimated that I have raised over $10,000. Prior to those years I had many people to Relay for as my Grandfather Leo was lost to prostate cancer, my cousin Jill to Breast Cancer, my Uncle Morty to Breast Cancer (yes men get breast cancer), my uncle Alan to Prostate Cancer, my friend Gary Pancreatic Cancer, my friend Fran to Breast Cancer, and many others. 2017 marks my 18th year of doing Relay and by being driven by my why I set a goal of raising $2500.
When you find your why you will be able to make a larger impact in your business and your non-profit work. It is when you tap into your why that your impact is greater. When you get a moment today sit down and discover your why and then take action with your advertising and solicitation for your business and non-profit work. Remember it is the facts that tell but is the stories that sell. Share your why and take note of what happens when you begin to share your why. So when someone asks what you do answer them with wat you do but also why you do it.
Advertisement Ideas: Jump To It!!!
The key in business is to make your customer’s experience so good that when they see you are doing a special campaign or project that they jump to it and come to you every time they seek the type of product or service that you offer. It is important that each time they see your name in an advertisement that they think oh I need to get to that business or I plan to attend that event. The idea is to create such an awesome experience that they become customers for life. Advertising is a great way to enhance their experience by offering specials that you can track and rewarding existing customers for their business. Remember you spent time and money to acquire the customer now you must do what you can to retain the customer. If you are going to continue to build your customer base you need to have great brand awareness and recognition while also creating a buzz about your business giving people a reason to continue to shop with you. In all my retail experience I have made it a point to create good relationships with customers realizing that one oh shit will ruin one thousand at a boys so you must avoid the oh shit moments. Many times it is all about finding ways to enhance the customer experience so as to create customer loyalty. When I was working for a sports apparel, accessories, and memorabilia store I greeted the customer and asked questions so that I could facilitate a sale so that when they came back or we had a item from their team I could show them and build rapport.