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Sigma                              Free
                                         Presents…
Get More From Advertising
Five Questions to Ask Your Ad Agent
Sponsored by:

Money Mailer
of Gainesville and Fauquier
Louisa Murray

         Provided by Sigma College of Small Business, Inc.
Sponsored by:
                                     Agenda
              Introductions

                         Keynote Topic
             Get More From Advertising!
              Five Questions to Ask Your Ad Agent

                     Our Sponsor:
              Money Mailer – Louisa Murray
              Break – Refreshments and Networking
  Ask 
Questions                                             Keynote Conclusion
Any Time                         Get More From Advertising!
                                   Five Questions to Ask Your Ad Agent
               Get More From Advertising – Five Questions to Ask Your Ad Agent           2
                         Copyright 2010 Sigma College of Small Business, Inc.
Sponsored by:
Review of the 7 Steps
for Choosing the Right Promotion Method
 Describe Audience(s)           • Segment the market
                                • Audience priorities and needs
                                • Buying behavior                                                                                    Audience

 Promotion Objectives           • Desired audience action – now and future
                                • Frequency of response
                                • Response volume                                                                                    Objectives

 Message                        • Audience priorities and needs
                                • VALUE proposition                                                                                  Message
                                • General and specific messages
 Budget                         • Investment
                                • Expected return v. cost                                                                             Budget
                                • Risk
 Methods                        • Channels
                                • Mix                                                                                                Methods
                                • Frequency
 Measure the Results            • Set goals for response and measure results                                                          Results
 Follow‐up on Response          • Plan for follow‐up – start the sales process
                                Philip Kotler, Marketing Management, 9th Ed. (Upper Saddle River, NJ:  Prentice Hall, 1997), ch20.   Follow‐up


                        Get More From Advertising – Five Questions to Ask Your Ad Agent
                                    Copyright 2010 Sigma College of Small Business, Inc.                                                          3
Radio  Television  Online
                                                                                                Sponsored by:
                                                                                    Print  Sponsorships  Trade 
                                                                                 Shows  Outdoor  Direct Mail 
Promotional Tools                                                                     Newspaper Magazines
                                                                                   Banner Ads AdWords SEO
•   Types                                                                             Product Placement Press 
                                                                                    Release Public Relations
     – Advertising                                                                           Social Networking
     – Direct Marketing                                                             Partnerships Give‐Aways
     – Public Relations and Publicity                                                       Networking Groups
     – Personal Selling                                                             Promotion Events Radio 
                                                                                     Television  Online Print 
     – Sales Promotion                                                            Sponsorships  Trade Shows 
•   Terminology                                                                          Outdoor  Direct Mail 
     – Reach – the number of unique potential buyers exposed                          Newspaper Magazines
       to the message at least once during specified time  Banner Ads AdWords SEO
                                                                                      Product Placement Press 
     – Frequency – the average number of times that a                               Release Public Relations
       potential buyer is exposed over the time period                                       Social Networking
     – Impact – Qualitative value of an exposure through Partnerships Give‐Aways
       a given medium (relative to your situation)                                          Networking Groups
     – Total Exposures – Reach x Frequency                                          Promotion Events  Radio 
     – Weighted (Quality) Exposures – Reach x Frequency x Imact                      Television  Online Print 
                                                                                  Sponsorships  Trade Shows 
                                                                                         Outdoor  Direct Mail 
                                                                                      Newspaper Magazines
                    Get More From Advertising – Five Questions to Ask Your Ad AgentBanner Ads AdWords SEO
                                  Copyright 2010 Sigma College of Small Business, Inc.                    4
Sponsored by:


 Advertising Types
Type                    Objectives               Pros                                    Cons
Print                   Awareness                Permanence                              Clutter
• Newspaper             Attitude                 Flexibility                             Moderate to low impact
• Magazines                                      Active Medium                           Lead time (mags)
• Newsletters                                    Credibility
Electronic & Digital    Awareness                Higher Impact                           Brevity/Fleeting
• Television            Attitude                 Frequency                               Clutter
• Radio                 Behavior                 Mass Coverage                           “Divided” Audience
• Web Advertising                                Targetability
Outdoor                 Awareness                Reach and Frequency                     Brevity/Fleeting
• Billboards            Attitude                 Segmentation                            Clutter
• Transit Advertising                            Cost                                    “Divided” Audience
                                                 Impact
          •   Advertising is best for Awareness and Attitude
          •   Using multiple types of promotion provides the best overall impact!
                        Get More From Advertising – Five Questions to Ask Your Ad Agent
                                  Copyright 2010 Sigma College of Small Business, Inc.                        5
Sponsored by:

Question One – Reach
What is the reach for this media?
Media                      Reach Terms
Newspaper and Magazine Circulation, subscribers
Television and Radio       Viewers, listeners
Web Advertising            Site traffic, key word options
Outdoor Advertising        Vehicle traffic, eyes passed
     • Other Reach Factors
        –   Effectiveness                                                         Buy NOW!
        –   Secondary audience
        –   Individuals vs. households
        –   Subscription vs. newsstand
                Get More From Advertising – Five Questions to Ask Your Ad Agent
                          Copyright 2010 Sigma College of Small Business, Inc.                 6
Sponsored by:

Question Two – Audience
Is the audience well defined and targetable?
• Define Audience Segments
   – Does the AD audience match your target 
     audience?
      • Geographic, demographic, psychographic, behavioral
• Segment Targeting Options
   – Ability to direct message
     only to specific segments



              Get More From Advertising – Five Questions to Ask Your Ad Agent
                        Copyright 2010 Sigma College of Small Business, Inc.            7
Sponsored by:
Question Three – Frequency
What is the frequency and can it be controlled?

                 • Managing Frequency
                    – Can frequency be controlled?
                    – What is the right frequency for your 
                      objectives?
                 • Vehicle exposures vs. Ad exposure
                    – Vehicle exposures = number of “runs”
                        • Typically used for ad pricing
                    – Ad exposures = number of times 
                      average audience is actually exposed
                        • More difficult to calculate
                      Get More From Advertising – Five Questions to Ask Your Ad Agent
                                Copyright 2010 Sigma College of Small Business, Inc.            8
Sponsored by:

Question Four – Placement
What are the options for placement?
• Placement has major affect on IMPACT!
• Where will advertising be placed
   –   What page of print media
   –   Time of day for radio
   –   Programs for television
   –   Key Words for Web Advertising
• Additional cost for better placement
• Special Ad Opportunities
• Options – color, interactivity, multiple media

               Get More From Advertising – Five Questions to Ask Your Ad Agent
                         Copyright 2010 Sigma College of Small Business, Inc.            9
Sponsored by:

Question Five – Measurement
How are stats validated and can I measure my results?

 • How are the rate card statistics validated?
     – Major media have third party validation – Nielson
     – Smaller and newer media may have none
     – Web Advertising can give exact numbers


               • Can the Ad Agent help measure results?
                     –   Independent surveys
                     –   Analytics for online
                     –   Call volumes
                     –   AB Testing

                 Get More From Advertising – Five Questions to Ask Your Ad Agent
                           Copyright 2010 Sigma College of Small Business, Inc.           10
Sigma                              Free
                                         Presents…
Get More From Advertising
Five Questions to Ask Your Ad Agent
Sponsored by:

Money Mailer
of Gainesville and Fauquier
Louisa Murray

         Provided by Sigma College of Small Business, Inc.
Sponsored by:
5 Most Important Elements
of Any Successful Ad
•   Clear, Bold Headline
     – One Central Message
     – Makes up approx 15% of the front of the ad
•   Strong, Supporting Graphic
     – Easily understandable and relatable
     – A Graphic is more than just a simple picture.  It combines photo(s) and promotional info.
•   Color That Catches the Eye 
     – Psychology studies show that the mind remembers better in color than Bk & W. 
     – Colors evoke specific emotions.  Ex: Red = Attention! Or Warning.  Yellow= hunger.  Soft 
       Pastels:  relaxation, calmness.
•   Benefits vs. Features 
     – Let readers/listeners know how this will benefit them.  Will they save money? Is it   a 
       safer product for their family/environment, etc?
•   Offer!
     – A call to action is imperative!  There has to be a reason to choose YOU.  
     – $$ incentive with a deadline:  Exp date, Limited Time Offer, Limited Supply.


                          Get More From Advertising – Five Questions to Ask Your Ad Agent
                               Copyright 2010 Sigma College of Small Business, Inc.                12
Sigma                              Free
                                         Presents…
Get More From Advertising
Five Questions to Ask Your Ad Agent
Sponsored by:

Money Mailer
of Gainesville and Fauquier
Louisa Murray

         Provided by Sigma College of Small Business, Inc.
Sponsored by:

Other Advertising Considerations

• Impact
  – A factor of segments, message, media, placement, etc…
  – Tough to calculate, but essential to consider
• Schedule
  – Continuous
  – Flighting
  – Pulsing
• What to do about missing information
  – Doesn’t mean it isn’t good advertising
  – Introduces risk

             Get More From Advertising – Five Questions to Ask Your Ad Agent
                       Copyright 2010 Sigma College of Small Business, Inc.           14
Sponsored by:
Method Selection                                                                 Awareness 
                                                                                                  Behavior 
                                                                                    and 
Evaluating Cost and Return on Investment                                          Attitude
                                                                                                  and ROI




                     Evaluate Based on Cost per Desired Outcome
                Get More From Advertising – Five Questions to Ask Your Ad Agent
                                                                                                      15
                          Copyright 2010 Sigma College of Small Business, Inc.
Sponsored by:

 The Five Questions
                    What is the        REACH for this media?

Is the    AUDIENCE well defined and targeted?

              What is the    FREQUENCY and can it be controlled?

                    What are the         options                      for    PLACEMENT?

 How are stats       validated                      and results              MEASURED?

                 Get More From Advertising – Five Questions to Ask Your Ad Agent          16
                           Copyright 2010 Sigma College of Small Business, Inc. 
Sponsored by:

Sigma College of Small Business
• Focus Workshops                                         Critical Business 
   – Leveraging the Online Social Network                       Areas
       • Tuesday, May 4, 2010                      Strategy and Planning
       • 10am – 2pm, $199
                                                    Marketing and Sales
   – YouTube: Grow Your Business with Online Video
                                                      Accounting and 
       • Tuesday, May 18, 2010
                                                          Finance
       • 9am – 12pm, $99
                                                             Operations and 
• Upcoming SigmaFree Classes                                    Quality
   – 5/4 – What’s it Worth? Know the Value of Your            Leadership and 
     Business                                                 Administration
   – 5/11 – Employee Benefits – Creating the Right 
                                                             Technology and 
     Package                                                   Innovation

                      Dedicated to the Learning Needs of Small Business!
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Get More From Advertising! 5 Questions to Ask Your Ad Agent

  • 1. Sigma Free Presents… Get More From Advertising Five Questions to Ask Your Ad Agent Sponsored by: Money Mailer of Gainesville and Fauquier Louisa Murray Provided by Sigma College of Small Business, Inc.
  • 2. Sponsored by: Agenda Introductions Keynote Topic Get More From Advertising! Five Questions to Ask Your Ad Agent Our Sponsor: Money Mailer – Louisa Murray Break – Refreshments and Networking Ask  Questions  Keynote Conclusion Any Time Get More From Advertising! Five Questions to Ask Your Ad Agent Get More From Advertising – Five Questions to Ask Your Ad Agent 2 Copyright 2010 Sigma College of Small Business, Inc.
  • 3. Sponsored by: Review of the 7 Steps for Choosing the Right Promotion Method Describe Audience(s) • Segment the market • Audience priorities and needs • Buying behavior Audience Promotion Objectives • Desired audience action – now and future • Frequency of response • Response volume Objectives Message • Audience priorities and needs • VALUE proposition Message • General and specific messages Budget  • Investment • Expected return v. cost Budget • Risk Methods • Channels • Mix Methods • Frequency Measure the Results • Set goals for response and measure results Results Follow‐up on Response • Plan for follow‐up – start the sales process Philip Kotler, Marketing Management, 9th Ed. (Upper Saddle River, NJ:  Prentice Hall, 1997), ch20. Follow‐up Get More From Advertising – Five Questions to Ask Your Ad Agent Copyright 2010 Sigma College of Small Business, Inc. 3
  • 4. Radio  Television  Online Sponsored by: Print  Sponsorships  Trade  Shows  Outdoor  Direct Mail  Promotional Tools Newspaper Magazines Banner Ads AdWords SEO • Types Product Placement Press  Release Public Relations – Advertising Social Networking – Direct Marketing Partnerships Give‐Aways – Public Relations and Publicity Networking Groups – Personal Selling Promotion Events Radio  Television  Online Print  – Sales Promotion Sponsorships  Trade Shows  • Terminology Outdoor  Direct Mail  – Reach – the number of unique potential buyers exposed Newspaper Magazines to the message at least once during specified time  Banner Ads AdWords SEO Product Placement Press  – Frequency – the average number of times that a Release Public Relations potential buyer is exposed over the time period Social Networking – Impact – Qualitative value of an exposure through Partnerships Give‐Aways a given medium (relative to your situation) Networking Groups – Total Exposures – Reach x Frequency Promotion Events  Radio  – Weighted (Quality) Exposures – Reach x Frequency x Imact Television  Online Print  Sponsorships  Trade Shows  Outdoor  Direct Mail  Newspaper Magazines Get More From Advertising – Five Questions to Ask Your Ad AgentBanner Ads AdWords SEO Copyright 2010 Sigma College of Small Business, Inc. 4
  • 5. Sponsored by: Advertising Types Type Objectives Pros Cons Print Awareness Permanence Clutter • Newspaper Attitude Flexibility Moderate to low impact • Magazines Active Medium Lead time (mags) • Newsletters Credibility Electronic & Digital Awareness Higher Impact Brevity/Fleeting • Television Attitude Frequency Clutter • Radio Behavior Mass Coverage “Divided” Audience • Web Advertising Targetability Outdoor Awareness Reach and Frequency Brevity/Fleeting • Billboards Attitude Segmentation Clutter • Transit Advertising Cost “Divided” Audience Impact • Advertising is best for Awareness and Attitude • Using multiple types of promotion provides the best overall impact! Get More From Advertising – Five Questions to Ask Your Ad Agent Copyright 2010 Sigma College of Small Business, Inc. 5
  • 6. Sponsored by: Question One – Reach What is the reach for this media? Media Reach Terms Newspaper and Magazine Circulation, subscribers Television and Radio Viewers, listeners Web Advertising Site traffic, key word options Outdoor Advertising Vehicle traffic, eyes passed • Other Reach Factors – Effectiveness Buy NOW! – Secondary audience – Individuals vs. households – Subscription vs. newsstand Get More From Advertising – Five Questions to Ask Your Ad Agent Copyright 2010 Sigma College of Small Business, Inc. 6
  • 7. Sponsored by: Question Two – Audience Is the audience well defined and targetable? • Define Audience Segments – Does the AD audience match your target  audience? • Geographic, demographic, psychographic, behavioral • Segment Targeting Options – Ability to direct message only to specific segments Get More From Advertising – Five Questions to Ask Your Ad Agent Copyright 2010 Sigma College of Small Business, Inc. 7
  • 8. Sponsored by: Question Three – Frequency What is the frequency and can it be controlled? • Managing Frequency – Can frequency be controlled? – What is the right frequency for your  objectives? • Vehicle exposures vs. Ad exposure – Vehicle exposures = number of “runs” • Typically used for ad pricing – Ad exposures = number of times  average audience is actually exposed • More difficult to calculate Get More From Advertising – Five Questions to Ask Your Ad Agent Copyright 2010 Sigma College of Small Business, Inc. 8
  • 9. Sponsored by: Question Four – Placement What are the options for placement? • Placement has major affect on IMPACT! • Where will advertising be placed – What page of print media – Time of day for radio – Programs for television – Key Words for Web Advertising • Additional cost for better placement • Special Ad Opportunities • Options – color, interactivity, multiple media Get More From Advertising – Five Questions to Ask Your Ad Agent Copyright 2010 Sigma College of Small Business, Inc. 9
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  • 11. Sigma Free Presents… Get More From Advertising Five Questions to Ask Your Ad Agent Sponsored by: Money Mailer of Gainesville and Fauquier Louisa Murray Provided by Sigma College of Small Business, Inc.
  • 12. Sponsored by: 5 Most Important Elements of Any Successful Ad • Clear, Bold Headline – One Central Message – Makes up approx 15% of the front of the ad • Strong, Supporting Graphic – Easily understandable and relatable – A Graphic is more than just a simple picture.  It combines photo(s) and promotional info. • Color That Catches the Eye  – Psychology studies show that the mind remembers better in color than Bk & W.  – Colors evoke specific emotions.  Ex: Red = Attention! Or Warning.  Yellow= hunger.  Soft  Pastels:  relaxation, calmness. • Benefits vs. Features  – Let readers/listeners know how this will benefit them.  Will they save money? Is it   a  safer product for their family/environment, etc? • Offer! – A call to action is imperative!  There has to be a reason to choose YOU.   – $$ incentive with a deadline:  Exp date, Limited Time Offer, Limited Supply. Get More From Advertising – Five Questions to Ask Your Ad Agent Copyright 2010 Sigma College of Small Business, Inc.  12
  • 13. Sigma Free Presents… Get More From Advertising Five Questions to Ask Your Ad Agent Sponsored by: Money Mailer of Gainesville and Fauquier Louisa Murray Provided by Sigma College of Small Business, Inc.
  • 14. Sponsored by: Other Advertising Considerations • Impact – A factor of segments, message, media, placement, etc… – Tough to calculate, but essential to consider • Schedule – Continuous – Flighting – Pulsing • What to do about missing information – Doesn’t mean it isn’t good advertising – Introduces risk Get More From Advertising – Five Questions to Ask Your Ad Agent Copyright 2010 Sigma College of Small Business, Inc. 14
  • 15. Sponsored by: Method Selection Awareness  Behavior  and  Evaluating Cost and Return on Investment Attitude and ROI Evaluate Based on Cost per Desired Outcome Get More From Advertising – Five Questions to Ask Your Ad Agent 15 Copyright 2010 Sigma College of Small Business, Inc.
  • 16. Sponsored by: The Five Questions What is the  REACH for this media? Is the  AUDIENCE well defined and targeted? What is the  FREQUENCY and can it be controlled? What are the  options for PLACEMENT? How are stats validated and results MEASURED? Get More From Advertising – Five Questions to Ask Your Ad Agent 16 Copyright 2010 Sigma College of Small Business, Inc. 
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