The importance of advertising
Wednesday, June 23rd, 2010I am often amazed that businesses, in times of economic difficulties, cut back on their advertising. While it is important to look after the customers you already have, it is also important to continue your search for new business and one way of doing this is through advertising.
When you have limited funds, however, how do you avoid paying a fortune for an advert that doesn’t bring results? A lot can be gained from research but sometimes you just have to weigh up the cost and the risk. I know many businesses who have ‘wasted’ money on advertising in the wrong publication, either the wrong audience or just not well read at all, and your research should help you avoid this common mistake. You need to be clear who your target market are and then find publications that aim at that market.
A free way to gain advertising is to write a Press Release, find out who to send it to at your target publications and then cross your fingers that it is something they are interested in. A good resource for PR advice and tips is Antonia Chitty’s website http://www.prbasics.co.uk -Antonia is friendly, professional and very knowledgeable. You could also look at responding to press requests – I have had a lot of national coverage from responding to these over the last two years.
Something new I am working on is a local magazine aimed at mums in business. Already running successfully in the Midlands and Dorset, the Business Mums Journal is spreading across the UK by a network of local editors. All the printing and layout design is done centrally to ensure quality and consistency and they are attracting some big names in the business world as well as getting support from Mothercare. I know that advertising in the regional parenting magazines is good for business and this magazine is set to sit nicely alongside as a resource for mums in business.
Whatever you do to cut costs in your business, please think twice before you slash your advertising budget and look for ways to get more for your money instead.


