The Frugal Marketer

Cut costs, not corners. Dynamic tips for dynamic businesses. Brought to you by the Triangle’s WellthyLifeStyle

The Advertising Medium Is Not the Message June 30, 2008

Filed under: marketing — wellthylifestyle @ 2:12 pm
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Five ways to make your advertising message more powerful–and more relevant–no matter what medium it’s in.

“I’m in the furniture business. Which media should I use?”

“I’d like to target people who are afraid of the dentist. Can you recommend a good mailing list company?”

“My uncle uses TV ads to attract new customers, and they work really well for him. What’s your opinion of TV?”

“No one in my town listens to the radio anymore. Everyone has satellite or an iPod.”

“I tried advertising. It doesn’t work for my kind of business.”

People say things like this and expect me to have an intelligent response. What usually happens is I stand there, dull eyed, with my mouth hanging open. These aren’t my favorite moments.

When my brain finally recovers, and I tell them the truth they need to hear, they act as though I’ve sidestepped their question. The following is the truth they needed to hear. If you’re asking similar questions, maybe you need to hear it, too. (more…)

 

Are you the tortoise or the hare? June 30, 2008

Filed under: business, marketing — wellthylifestyle @ 2:07 pm

When will my ads start working?

The length of the “ramping up period” your ad campaign will require before you begin to see results is determined by the following factors, listed in descending order of their importance: product purchase cycle, share of voice, impact quotient of message and media delivery vehicle. Here, I take a closer look at each: (more…)

 

Cut your marketing costs by teaming up June 30, 2008

Filed under: business, marketing, sales — wellthylifestyle @ 2:00 pm
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One quick way to cut your marketing costs is to team up with other companies to cross-promote each others’ messages. This is sometimes called coop-marketing.

Surely each of you have a database of people you market to. By combining forces, you can get in front of many more faces. You can also combine the costs of printing, postage, and layout design.

Please note: There are no rules to follow when engaging in coop print ads or direct mail, or links on your website. Rules do apply in email marketing. Remember, your subscribers opted in to receive your newsletter, not items from every other business you give their names to. So, to stay on the right side of the law, it’s best to use your newsletter to include a blurb about the other business, and vice versa. Do not simply trade email lists.

 

 

Frugal Marketing 101: Don’t break the bank on bad addresses. June 30, 2008

Filed under: General, frugal stuff, marketing — wellthylifestyle @ 1:48 pm

You have a database full of names. And you’re prepping a big postcard campaign.

However, you haven’t kept up with them. It’s easily been a full year since you sent anything to these folks.

If you send out this pretty postcard campaign, you are easily wasting money as a result. You have no idea how many of those addresses have gone bad. And a year is too long to wait to find out the expensive way that out of the 500 names you have, 113 have moved away. It may not be a big deal to you, but for others, the extra printing, labor, and postage costs might be better used elsewhere, no?

Here’s the Frugal Marketer’s way to reestablish presence to your database without breaking the bank on bad addresses:

  • Invest in some plain card stock from the office supply store. Create a 4×6 postcard in your desktop publishing program. Lay it out so that you fit 4 cards on one page. Keep it simple. Be sure to include the phrase “Do not Forward, Address Correction Requested” (call the post office to ensure that you put that text where they want it).
  • Print this simple postcard out on your laser printer, or take it to Staples or the UPS Store for black and white copies (remember, front and back!). You don’t need anything in color for this campaign. Cut with the paper trimmer.
  • Stamp with postcard postage (saving you 17 cents per right off the bat), and mail. Wait two weeks.
  • Within that time, those cards with bad addresses will start to come back to you. You can then remove them from the database, correct the address in the system and try anew, or give that customer a call to update the information.

Here’s an illustration of savings with this method:

5×8 postcard, color, 500 copies: $80
Postage @ 43 cents: $215
Total cost: $295

4×6 postcard, b/w, 125 copies (4 to a sheet): less than $15
Postage @ 27 cents: $135
Total cost: $150

So, in this example you have just saved $145, and accomplished what the first goal of marketing to a dusty database should be, which is cleaning up bad addresses to save money on future runs.

And remember, regardless of your campaign, always think of ways to cut postage costs first, because that’s where the most expense typically is.

 

Frugal Marketing 101: Cross-promote! June 30, 2008

Filed under: General, business, marketing — wellthylifestyle @ 1:30 pm
Tags: ,

Here’s a way to get more bang for your marketing buck. It might seem obvious to some of you, and others will wonder why they never thought of it before!

It’s actually starting to pick up a buzzword, called transpromo. I don’t know if it needs a fancy name, but here’s what it is:

Take every opportunity, with anything that leaves your office in any way, to cross-promote.

Examples:

  • Include a sidebar of your services in detail on your letterhead and fax covers
  • use the back of your business card
  • include something promotional in your email signature
  • add a little ditty on your envelopes
  • include your business card in your bill payments
  • add a note about another service you offer on your invoices to customers
  • wrap your car
  • make a t-shirt about your service and wear it to a populated event

If there’s white space, there’s a place to cross-promote!

 

Thinking about giving up? Think about my cousin. June 23, 2008

Filed under: business — wellthylifestyle @ 8:44 pm

Okay, this is more inspirational than frugal…I’m allowed, it’s my blog!

So about a month ago, my grandfather needed to be transported to Des Moines for knee surgery. My mother, who is currently living with him and my grandmother and taking care of them, and my uncle were to take them to Des Moines from the house, an hour and change away.

Originally they were set to arrive for his appointment at 8 a.m. At the last minute, they rescheduled the surgery and asked them to be there at 5:30 a.m. This meant getting up at 3. (Just typing that makes me tired.)

My grandmother simply will not leave the house if there is a cloud in the sky. Driving terrifies her when it rains. And there was a storm forecast for that day. (more…)

 

Marketing Your Marketing: How to get more bang for the buck with cross-promotion June 18, 2008

Filed under: business, marketing — wellthylifestyle @ 2:36 pm
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Don’t limit your marketing merely to the media you’re using. Market it all over the place. Anything worth promoting is worth cross-promoting.

Guerrillas know that all the media work better if they’re supported by the other media. Put your web site onto your TV commercial. Mention your advertising in your direct mail. Refer to your direct mail in your telemarketing. Plants the seeds of your offering with some kinds of marketing and fertilize them with other kinds.

You’re not really promoting unless you’re cross-promoting. Your trade show booth will be far more valuable to you if you promote it in trade magazines and with fliers put under the doors of hotels near the trade show. Guerrillas try to market their marketing.

Your prospects, being humans, are eclectic people. They pay attention to a lot of media so you can’t depend on a mere one medium to motivate a purchase. You’re got to introduce a notion, remind people of it, say it again, then repeat it in different words somewhere else. That share of mind for which guerrilla strive? They get it with they combine several media. They say in their ads, “Call or write for our free brochure.”

They say in their Yellow Pages ad, “Get even more details at our website.” They enclose a copy of their magazine ad in their mailing. They blow up a copy to use as a sign. Their website features their print ads.

Guerrillas are quick to mention their use of one medium while using another because they realize that people equate broadscale marketing with quality and success. They know that people trust names they’ve heard of much more than strange and new names;, and guerrillas are realistic enough to know that people miss most marketing messages — often intentionally. The remote control is not only a way to save their steps but also a method of eliminating marketing messages.

No matter how glorious their newspaper campaign may be, guerrillas realize that not all of their prospects read the paper so they’ve got to get to these people in another way. No matter how dazzling their website, it’s like a grain of sand in a desert if it is not pointed out to an unknowing and basically uncaring public.

Cross-promoting in the media is another way to accomplish the all-important task of repetition. One way to repeat yourself and implant your message is to say it over and over again. Another way is to say it in several different places. Guerrillas try to do both. Nothing is left to chance. If you saw a yellow pages ad that made you an offer from a company you’ve never heard of and another with the same offer except that the ad said, “As advertised on television,” you’d probably opt for the second because of that added smidgen of credibility. I rest my case.

The psychology of marketing requires basic knowledge of human behavior. Human beings do not like making decisions in a hurry and are not quick to develop relationships. They certainly do want relationships, but they’ve been stung in the past and they don’t want to be stung again.

They have learned well to distrust much marketing because of its proclivity to exaggeration. All too many times they’ve read of sales at stores and learned that only a tiny selection of items were on sale. They’ve been bamboozled more times than you’d think by the notorious fine print on contracts. And they’ve been high pressured by more than one salesperson.

That’s why they process your marketing communications in their unconscious minds, eventually arriving at their decisions because of an emotional reason even though they may say they are deciding based on logic. They factor a lot about you into their final decision — how long they’ve heard of you, where your marketing appears, how it looks and feels to them, the quality of your offer, your convenience or lack of it, what others have said about you, and most of all, how your offering can be of benefit to their lives.

Although they state that they now want what you’re selling, and they do it in a very conscious manner, you can be sure they were guided by their unconscious minds. The consistent communicating of your benefits, your message and your name has penetrated their sacred unconscious mind. They’ve come to feel that they can trust you and so they decide to buy.

Any pothole in their road to purchasing at this point might dissuade them. They call to make an inquiry and they are treated shabbily on the phone? You’ve lost them. Do they access your website for more information and either find no website or find one littered with self-praise You’ve lost them. They visit you and feel pressured or misunderstood? They’re gone.

You’ve got to realize that the weakest point in your marketing can derail all the strong points. Excellence through and through, start to finish, is what people have come to expect from businesses, and these days, they won’t settle for less. The insight you must have is that marketing is a 360 degree process and you’ve got to do it right from all angles at all times. When it comes to marketing, people have built-in alarm systems, and any shady behavior on your part sets the bells to clanging, the sirens screaming.

It is very difficult to woo a person from the brand they use right now to your brand. Although they are loathe to change, they do change. And when they do, they patronize businesses that understand the psychology of human beings and the true nature of marketing.

source: Guerrilla Marketing

 

Frugal domain names and hosting providers June 18, 2008

Filed under: frugal stuff, marketing — wellthylifestyle @ 12:54 pm
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I’ve used GoDaddy for many years, practically since their inception. By far they offer I think the best pricing for hosting, email accounts, email marketing, and of course, domain names.

In fact, often you can get your domain name for just $1.99 when you purchase basic hosting at $3.99/mo.

Did you hear that? You can get your website up and going for SIX DOLLARS. That’s right. Long gone are the days when domain names cost $36 (helllllooooo 1999?) and hosting was $20/month.

And with website templates, not to mention designers, more affordable than ever, there’s no excuse to not have at least a basic website. (Though remember, this is where you spend the money you saved in getting set up. No websites made by the brother-in-law!) GoDaddy also has a page designer you can use to ensure that you’ll have some semblance of a professional page.

There are other inexpensive domain and hosting providers to be sure, and GoDaddy has thousands of resellers, but just type it in and go there, and take a look at all the neat options available to you without breaking the bank!

 

New CAN-SPAM rules are out! Keep it from costing you all the money you’re saving by being a good Frugal Marketer. June 18, 2008

Filed under: business, marketing — wellthylifestyle @ 12:46 pm
Tags: , , ,

The new CAN-SPAM rules have come out, and here they are in plain English.

1) POSTAL ADDRESS – Valid Physical Address can include a PO box or Mail Stop, as long as the USPS recognizes it. This might be an obvious one but it used to be a gray area, now it’s not.

2) PERSON is now defined not just as a human, it can also be a corporation, non-profit, etc. This is who is responsible for CAN-SPAM compliance when sending a commercial email. So business entities, as well as regular folks are now responsible for CAN-SPAM compliance in regards to all commercial email they send.

3) DESIGNATED SENDER RULE - This applies to you if you include any advertising or partners in an email. If you don’t include your company name “in the email” with a link to access your site, your advertisers are responsible for CAN-SPAM compliance even if your name is in the From Label. This mainly applies to companies who send coupons or offers on behalf their partners.

For example: Company A sends an email to their list with a special offer from Company B. In the email, Company A must have some information that advertises their own service, and some way for the recipients to access their site.

If Company A does not include some kind of ad for their own company inside the email, then Company B being advertised within the email would be responsible for all CAN-SPAM compliance.

IMPORTANT NOTE:
If you’re advertising in another company’s email marketing campaign, make sure they put something about their services with a link to their site. You don’t want to be on the hook for their CAN-SPAM compliance.

Also, CAN SPAM states (again) that all commercial emails:

  • Must have a working reply-to address or other web based opt-out mechanism (which must also be conspicuous) for the company listed in the From Label
  • Can’t be false or misleading
  • Can have no deceptive subject lines
  • Must comply with the SEXUALLY EXPLICIT label

4) UNSUBSCRIBE – Unsubscribes must not be complicated, nor can it require some kind of purchase, or taking a survey. The only thing you are allowed to ask for in an unsubscribe is an email address and the user’s email preferences.

As usual we’ll keep you informed on most of the CAN SPAM updates, just be sure you follow the simple the rules above and you’ll be AOK.

 

Who Are You, and Why Should I Care What You Say? June 12, 2008

Filed under: community involvement, marketing — wellthylifestyle @ 2:44 pm

This is one way that you can end up spending money unnecessarily–by jumping on the social bandwagon without really knowing what you are supporting. If you mess up, it then costs you money to undo the damage, or at the very least, throw away what you spent on a message that lands–with a thud. Can you see the frugalness in the following message? Comments are welcome!

Companies are becoming increasingly involved with sponsoring social causes, such as encouraging consumers not to drink and drive. These do-good practices are laudable. They also support socially redeeming causes, which are in the best interest of the community at large.

But does involvement with social causes benefit the companies themselves? The answer may depend on each company. Results from two recent experiments suggest that consumers view socially oriented messages differently based on the identity of the sponsor. For example:

  • Participants who viewed an anti-drinking and driving message sponsored by the non-profit organization, MADD, inferred more positive, society-serving motives to the sponsor.
  • Participants who viewed the same ad sponsored by Budweiser inferred more negative, self-serving motives to the sponsor.

The study also demonstrated that attributions telling why the marketers were participating in the cause-related marketing did not change consumer attitudes toward the sponsoring company. If the company had a perceived “bad” or otherwise “negative” reputation, their altruism was viewed as self-serving.

The message here for marketers? Prior corporate reputation affects public perceptions about corporate philanthropic messages.

The Point: Match your history to your cause. Your reputation will proceed you when you engage in cause-related marketing.

Source: “Does of a Socially-Oriented Message Make a Difference? An Investigation of the Effects of Sponsorship Identity on Responses to an Anti-Drinking and Driving Message” by Lisa R. Szykman, Paul N. Bloom and Jennifer Blazing. Journal of Consumer Psychology, 2004.Corporate Sponsorship