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Advertising Is an Investment
You can take to the Bank!

 
 

Advertising is "an investment to improve and expand your business…"

There is an old saying “Advertising doesn’t cost - it pays!”

Good advertising will bring your business a return on investment. Some methods of advertising will prove to be a more viable investment toward this end than others.

Your ultimate goal in marketing your business is any or all of the following four reasons to Advertise:


Reason #1

Increase Visibility (Image advertising) and Awareness of your Business – Top of Mind Awareness

Products you sell – Brand Name awareness.

Services you offer.

Confidence in your capabilities.

Location Served or Location of your Business.

Name, Hours, Phone Numbers.


    Reason #2

Service Existing Customers and Facilitate New Customers

You must refresh the customer cycle – (25-35% annual turnover).

Retain present customers – (In a Recent Study The Forum Corporation found that 40 percent of satisfied customers switched suppliers without hesitation).

Generate new customers.

Replace lost customers.


 Reason #3

Develop Ongoing Customer Service Relationships and Loyalty

Newcomers to the area.

Repeat or Former customers – (The Harvard Business Review reports that 65 to 85 percent of customers who switched suppliers were satisfied with the old supplier at the time they switched).

Referred and word of mouth customers.

Memories are short – 4 days later 85% have forgotten you.


 Reason #4

Generate Sales of Your Product or Service

53% of business failures are from lack of sales.

According to Dunn & Bradstreet - 95% of all business failures are from the ranks of Non-advertisers.