Q: HelloDue to the slowing economy I am looking into advertising for the first time in approx. 25 years. Needless to say I have no money in the budget for advertising. All we have done in the past is yellow pages. I have an ad in the June issue of Richmond magazine and have talked to 2 radio stations that I feel reach the type of customers we usually deal with. That is generally college educated professionals. Middle to upper income. We get some doctors and lawyers as well as management people. Some retired customers also.I feel I can only run ads on one station so I could use some help there as well as any other advice.The 2 stations are WRVA 1140 - and WMXB 103.7.Any advice will be greatly appreciated.Thank you,
A: Regarding your question, I assume you're asking my advice on media choice. The Magazine may be a good choice especially if you're able to show your craftsmanship.
Regarding your choice of radio staton let me first say that far too much emphasis is typically placed on demographics. Don't get me wrong, they are obviously important, but most radio station formats today(with a few exceptions) are programmed to target adults 25-54 so you can safely advertise on just about any of them and still hit a sufficient number of "college educated professionals" to make a positive impact on your business. The question becomes, which of all of the stations in Richmond is the most efficient at reaching a sufficient number of prospective customers. It may be one of the two stations you've selected it is just as likely not. Ultimately it may not even be a station you'd think of. To be sure you'd have to shop around and get proposal from most if not all the stations in town. Most business owners make the mistake of advertising with the first salesperson that walks through their door.
Allow me to suggest an option you may not have thought of. Your local cable system makes advertising available on several of it's channels. Given your product/service HGTV or DIY Network.
Now, since you specifically asked me about those two particular stations, I'd lean towards the News station over the top40 station as people tend to pay attention to the news closer than they do to music, and the advertising breaks tend woven into news stories into short 1-2 Minute breaks so people tend to listen through them as opposed to the longer 5-7 minute advertising breaks on a music station.
Hopefully this will help you in your evaluations.
Need help evaluating your media plan? Contact the professionals at Harbor Pilot Media. http://www.harborpilotmedia.com/
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