An open letter
from Jack Kelly,
General Manager
of Radio International:
An
interesting and often discussed issue in the advertising business
is the truth that a large part of the money that companies spend
on their marketing efforts is wasted. While this is most certainly
true, it is also unnecessary. My experiences in media and advertising
have taught me that while there is no way to guarantee success
there are definitely ways to guarantee failure.
On
this page we will explode some myths, offer some tips and generally
try to provide a little helpful insight into the processes of
identifying goals, determining campaign strategies and offer some
thoughts on the selection of media. (Of course we love radio,
but nearly all media, if used correctly, should work for you.)
Your marketing efforts, including advertising and promotion, are
an investment. Investments should provide a measurable return.
Conversely, a "hit and miss" or cavalier approach can
reduce your investment to the status of gambling.
Not
too surprisingly, in general, smaller companies see a much smaller
return on their marketing investments than large companies. Large
companies hold the benefit of having people whose entire function
is marketing or advertising or public relations. Obviously the
people holding those jobs are well-trained and highly skilled
professionals. Smaller companies rarely have such luxury of staffing.
Accordingly, someone whose main strengths may lie in other areas
must perform these functions.
If you are the one responsible for the marketing efforts of a
small or medium sized company, you should take heart that you
are not destined to be less effective than larger companies; indeed
all it takes to be as effective as the big guys is a little understanding
of the same basic rules that the big guys use.
We
have dedicated this section of the Radio International website
to offer some helpful hints to those who must make decisions regarding
publicity, advertising, public relations and promotion.
For
starters, let's take a look at some of the more common marketing
and advertising errors.
Error # 1: Belief In Myths
Myth One: "I will have more business if
more people know my name." Also known as "Fame = Success".
I find it amazing how frequently I find myself talking to people
who want to build an advertising strategy around this myth.
While it DOES seem logical on its face, it is an extremely narrow
view of the marketplace. The only customers likely to be gained
through this strategy must meet two qualifications: 1) they
have already learned why they want your product or service and
2) they also have no current supplier who is satisfactory for
their needs. Obviously this is a very small universe from which
to extract prospective clients. To me an advertiser who pursues
this strategy actually has no strategy and is not a true competitor
in the marketplace (because he, or she, has made no declaration
of intent to compete).
Myth
Two: "The public has an inherent need to try new things".
While this CAN be true, normally it is not. There are a few
categories of business that may benefit from being the newest
entry into a market. However, these are typically businesses
(such as certain types of restaurants) that may benefit from
being "trendy". The vast majority of enterprises are
not "trendy" and therefore must find growth by overcoming,
or interrupting, the inertia that causes consumers to continue
to buy from their past suppliers.
Myth
Three: "If you build it, they will come" also known
as "The market will expand adequately to make room for
me".
If
you are a new entrant into an existing marketplace, your survival
will probably depend on your ability to take market share from
those who are already serving the market.
Error # 2: Different Messages In Different Media.
I always discourage clients from using different themes across
the various media that they use. Staying with a single message
(or at minimum, a single message theme) allows for a synergistic
effect that helps each of the media used become more powerful
while delivering its own version of the message. I recommend that
when advertising is undertaken, it should be considered a campaign.
If more than one medium is selected, make a concerted effort to
insure that the "sound, look and feel" is the same across
all your media expressions. That way regardless of how a customer,
or potential customer, is exposed to the advertising message the
campaign has excellent re-enforcement opportunities from the adjacent
media. Result:1+1= 2.5.
Error # 3: Failure To Differentiate.
If the key selling points of your advertising are the same selling
points that have made your competitor famous do not expect much
reaction. We call this type of advertising "Me too!".
If you are trying to compete by offering what are essentially
identical products or services as those of your competitors you
will only succeed if you offer a lower price point. If you choose
a lower-price-point strategy you have created differentiation
and you are no longer "me too". If offering lower prices
is not your cup of tea, you must find another way to differentiate.
It may be easier than you think. We can help you with this if
you like. (Click
here to send us a note.)
Error # 4: Fear-Driven Abandonment.
Unless you have an unusually rare and exciting offer, it will
probably take the marketplace a little while to get up to speed
with the finer points of your advertising. Expectations of the
world beating a path to your door within days of your campaign's
debut will most likely not be met. Instead, take a realistic assessment
of the advantages the customer will have by doing business with
you. Explain this in simple and memorable terms. Select media
appropriate to reach your target market. Buy enough "weight"
for sufficient delivery of your message. Be patient. If the customers
understand the benefit, they will respond.
If at any time we can be of service to you, from answering a simple
question to planning a full strategic media campaign please contact
us by telephone or drop an email, in English or French, to sales@radiointernational.net.
If you prefer to make an inquiry in Italian, Danish or Swedish,
please contact Fredrik Muhr at fred@radiointernational.net.
In France or Monaco call us at (+377) 93 50 60 80 or in Italy
you may call (+39) 0184 33 924.
Best
regards,
Jack
Kelly
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