Are you serious about learning how to reduce your advertising costs?
There are seven easy steps you can take. Here they are:
Don't believe everything you see in print. Next time an ad rep shows you the rate sheet, keep in mind that these prices are usually flexible. The sales person usually has the power to go off the rate sheet if you are ready to wheel and deal.
Some media outlets will trade advertising for things they want in exchange for advertising. When I sold ads for a local independently owned newspaper years ago, I got my first computer that way. I did a three-way deal: the publisher got some equipment, the business owner got advertising and I got a computer as my commission.
One great way to save on newspaper advertising is to buy a whole page or a half page and split it up with other business owners in the same area, or same profession, but a different part of town. Your cost per unit goes down. For example, if a fourth of a page sells for $300, the whole page might cost $1,000, which makes your cost $250.
Many large corporations have co-op programs for people who sell their products. This means if you show or mention their products in your ad, they will pay for part of it. For more information, ask the ad departments of the companies you are considering doing this with.
Use a media buyer. These are people who specialize in buying ads and making good deals. Find them on the web. Please keep in mind that you must have a decent budget to interest them. But if you do, they can save you some bucks.
Ask your customers and prospects if you can send them regular newsletters by email. Tell them it will inform them about new products and give them tips on how to use the the ones they have more effectively. Some business owners use these newsletters to ask customers to give them feedback and ask questions.
If you want to get free publicity, send the media a press release. If they are interested in your idea, they will do a story on you for free. Being interviewed in the media also builds credibility.
If you use these tactics, you can save a lot of money. So give them a try and watch how much you save.
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Danek S. Kaus is a enterprise reporter and author. If you want to discover how to build your enterprise get his no-cost newsletter at small enterprise tips and a his newsletter on how to get no-cost publicity at no-cost publicity
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