There are at least five proven fundamental advantages print advertising can mean to your business and or service.
No matter which side of the coin you happen to be on. For ex; as you discovered in a previous post about proven marketing budget examples.
You discovered how you could systematically turn a one time sale of a $27 dollar ebook and or $27 dollar audio product into some serious long term back end income,correct?
Now in this post, you’re going to discover how an extremely savvy, local (and or) regional newspaper, newsletter publisher and or online ezine publisher could basically use or market an entry level classified or display ad space and still make a ton of long term profit.
This is really cool, so please pay close attention here.
Three Powerful Advantages Print Advertising Can Mean To Your Business Right Now!
The first big advantage that your local or regional newsletter publisher and or ezine or newspaper publisher has when it comes to print advertising is this.
You can use (both) your classified and or larger display advertising space to create some serious long term profits by creating some powerful joint venture partners.
For ex; suppose you have a single entry level display ad space that currently sells for $37 dollars or X.
You could inexpensively test by doing one of two things in order to create some serious long term profits for peanuts.
1.) In order to lead generate like crazy, you could run an in house advertisement in the space that you typically use when you haven’t sold the advertising space. And instead of running the traditional public service announcements.
Instead you could announce a free drawing where the grand prize winner gets three free entry level display ads (a $111 dollar value) ($37 x 3 =$111) in order to promote their business, products or services.
And all the other runner ups win a valuable second prize which is two entry level display ads for just $17 dollars or some ridiculously low price ! Huh?
(By the way,that’s a savings of just under 78%!) ($17/$74=.22%)
Hang on, it will all make sense in just a second.
Have You Also Noticed How Most Effective Advertising Strategies And Or Tactics Involve Helping Others!
If this type of marketing ploy works you could try repeating it once every quarter (every three months.) 2.) The other thing you could do is, allow other struggling cash starved small business owners that are non competing with your Penny saver publication, to sell these super discounted entry level discount coupons to their valued customer base and keep 100% of the upfront profits for doing so!
Huh? Again, hold your horses, because it will all make perfect sense in just a second. 3.) Or you could let other companies that need your exact same customer base, but are non directly competing with you, give away these special discount coupons to any of their customers/clients that upsell to their different upscale products and services.
You’ll help them increase their long term profits for a fraction of the traditional costs and you of course have just gained a new potential long term customer for a fraction of your traditional costs! That’s win/win.
How And Why You Would Want To Sell One Of Your Best Entry Level Products Or Services At Cost!
Basically, when you really boil it down, all successful entrepreneurs (so that) means you, basically have two very distinct lists.
Of course you may currently have ten separate lists (on or) offline, but they basically fall into two distinct camps. Either the people on your lists are buyers or merely subscribers!
And all savvy marketers know that a buyer (at any) level is far more valuable than a mere subscriber, no matter how loyal that subscriber may be.
Buyers (translated) paying customers pay the rent. Subscribers (only) don’t! So the psychology is this, given the choice, you’d much prefer to have a real buyers list to simply a list of loyal subscribers.Right?
Although it could be argued that given enough time you can certainly convert some of your subscribers into buyers. And for sure that’s true, when your (on or offline) follow up process is done correctly.
Consistently Running Effective Advertising Campaigns Is Not Such A Slam Dunk Anymore!
However, anytime you can convert a lead (prospect) into some type of paying customer.You automatically have a 250% better chance of them (A) becoming a long term repeat customer and periodically upselling and purchasing other much more expensive products and services.
Which brings us full circle. As a savvy marketer you could literally let your best potential long term clientele (meaning) the business owners that have products and services that best match up with the needs of your target audience.
Let them buy three entry level display or classified ads (as long) as they purchase three upfront (and if you have to) throw in a few powerful free bonuses to boot!
That you get from your top JV (joint venture) partners and allow them to purchase the three entry level display ads for your actual cost, so you don’t lose a nickel here.
So This Is What Makes Advertising Effective!
Here’s your thinking; as long as their product or service is something that your surveyed customer base has indicated they want.
After they run the three initial display ads (or online solo ads etc,) and hopefully their savvy enough to know how and what to A/B split test, in order to maximize their profits.
If they’ve made money, you could them approach them about becoming a Gold star JV partner. Huh?
Meaning- you’ll run their best market tested display or classified ads for free upfront in exchange for 25-50% of the generated profits! (Bet that’ll take your online profits and or profits in general to a whole new level!)
Think about this powerful marketing concept for a moment. What do you think they’d really rather do? Drain their cash resources upfront? Or pay you (meaning) the newsletter publication only for bankable results!
And of course the flip side is, you as a beginning cash strapped, struggling small business owner could start strategically approaching other smaller local publications and trying to put a JV like this together.
Especially if you have some type of ongoing monthly paid membership service of some kind.
Effective Advertising Strategies Don’t Always Have To So Straight Forward!
In the beginning (probably) 95-100% of the businesses you approach with a proposal like this will say no!
But the point is, until you get some posture, get your feet wet and close a few, and properly implement a few of these powerful JV arrangements in the real world.
You won’t necessarily have the type of posture and confidence you’ll need to pull it off. But keep at it and (sooner or later) you will.
Thus, the powerful advantages print advertising strategies can definitely mean to your business and or service. No matter what your particular niche is. Any questions?
As always, if you got any value out of this post, please Google Plus or tweet this. Thanks!
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Thanks for your article. It has wonderful tips and tricks about how to promote a new business.Online business is fast growing and becoming trustworthy. I suppose online classified ads also can bring lot of income to small business owners. Sometimes it is free and very effective. Like posting ads in free classified advertising sites. Am I right?
Alia recently posted…Accounting Associate
If it’s done correctly, no question about it Alia.
But we both know and realize it’not so much about initial upfront cost, it’s more about whether
or not the strategy ultimately pays off!Right?
Thanks for stopping by and sharing your extremely valuable thoughts and insights!
They are always welcome and greatly appreciated!
Mark Newsome recently posted…Online marketing: Why Extremely Savvy Email Marketers Shouldn’t Be Too Judge-Mental!
Nice and valuable information. I should really give a try. Thanks for the post.
John Michael recently posted…What Aspiring Stockbrokers Ought to Do for a Successful Career?
Thanks John!
Glad you found some value! Thanks for stopping by
and sharing your thoughts! much appreciated!
I dont Think Print Advertisent Works now a days..only Digital advertising (Online news paper Ad ) works better…
Thanks for adding your honest comment Dhinesh.
And your point is well taken, but I think and hope you’ll agree that when it comes really
deciding how effective any particular marketing strategy and or tactic is,
it’s simply best to put them to a side by side comparison and let the overall results
be your final absolute determining factor.
Not mere opinion, bias and or conjecture.
That mode of action, first and foremost is what I always advise my clients to do!
That way no ones personal bias, preference or opinion gets ahead of earning a profit.
Personally, I could care less, which actual method, tactic and or strategy actually works best.
Meaning- which one makes the most money, as long as my customers and clients use market testing to actually
arrive at their conclusion(s.)
Thanks for stopping by and sharing your honest thoughts! I appreciate it! Take care! And don’t be a stranger
going forward!
I had a conversation with my dad about this similar strategy. Smaller companies, especially, can benefit from this shared advertising type of campaign. I could definitely see the advantages to this but I wonder how time consuming it would be to run it in house?
Kevin;
Thanks for stopping by and sharing your thoughts. So how does your company plan on implementing any of these three proven tactics?
And are you currently active on social media in general and twitter in particular?
I think it’s interesting how often people overlook print advertising with how much emphasis there is on internet marketing now. Print advertising can be just as effective, if not more, depending on your target demographic. Would you agree with that?
Richard: It’s true, and you’re absolutely correct! But like anything else, it all boils down to well you know what your
doing! And well and how often you execute it! Thanks for stopping by!
And continued success!
loved the example you gave and got me thinking about some stuff I can try on my own. Thanks for writing.
Good! Glad you got something useful and hopefully profitable out of the post!
Nice article, very informative and incredibly convincing on the power of Print Advertising.
Thanks Donald:
Hopefully, it sparked a few practical, yet creative marketing ideas that you can implement
asap!