How Niching Helps You Save Money On Advertising and Marketing
Friday, November 5th, 2010You can easily save money on advertising and marketing.
One example I can give you is when I used to get calls from magazines and newspapers asking me to place an advert. The first question I always asked the salesperson is “what’s the demographic and psychographic your publication aims at?”
You’d be amazed how few have an answer to this question, and if they don’t, then pause before you pay.
I say this because because unless you know what they don’t know, you may be handing over your hard earned money for nothing.
When you know your niche, you know where to market yourself. It will become obvious. Because what you do is you match the profile of your niche as closely as you can to the relevant magazines or newspapers.
For example, anyone looking at the holistic or green markets in the South west of the UK know the Spark, The Source, South West Connections and the Oracle are 4 main potential places to advertise. The Spark in particular breaks down their readership a little more for you and this helps you know if they are a good place for you to place your marketing.
I was working with a salon owner recently and she told me she’d got a bargain on her advertising. She said the rep had also given her 50% off an advert in a sister paper. I asked about the sister paper and found it was distributed 30 miles away. I asked the salon owner where her clients came from. She said most came within a 5 mile radius and most clients walked in off the street or came by referral. So it became immediately apparent through knowing where her clients were based that the second advert was useless to her and had actually cost her the extra 50% rather than saved her 50%. She simply got no value from the extra 50% and that money would have been better off in her pocket than in the newspaper’s bank.
So niching is really going to help you be clear on who you work with and where you market yourself and it’s going to help you save money too.
If you haven’t yet worked out your niche, I recommend you do so now.
So basics are: is your client is male or female, where do they live and work, what do they do, what is their income? You also need to know how they think… what they say to themselves first thing in the morning about life…
Best Wishes
Neil
http://www.communitysoul.co.uk
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