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Actual for You - The Ten Key Questions In Direct Response Radio Advertising
Management: Can Your Business Run Without You? not be randomly collected (i.e. to some degree your current customers will be a reflection of the advertising that brought them in). In any case, research will not spell out the exact appeals that will be successful for your specific direct response radio advertising campaign, which is why in-market testing occurs in the next phase.If you are a business owner or a business owner to be, let's examine this scenario.Like other people, you are so excited when you first started your own business. But after a few months, you come to realize that you work longer hours than what you expected...and you even have to work on weekends!You feel more exhausted than you used to be and you start to have doubts whether you should start your own business in the first place.You are suffering from, what Michael Gerber says, entrepreneur seizure. Michael says that most small business owners were used to be "technicians" before starting their own business. For example, if you are good at baking, naturally you'll open a bakery shop.When you, the technician, become business owner, you bring in the details of a technician to your business. Technicians look 7. Who is the target consumer segment? Describe them in terms of age, sex, socioeconomic, demographic, geographic, or other relevant dimensions. 8. What are the strongest motivations for this customer segment to buy this type or class of product? What does the customer hope to gain by purchasing, and what loss would the customer avoid by purchasing? 9. What objections or excuses might the customer use to delay or avoid buying the product? What is the answer to each of the objections or excuses? Business Question: 10. How will you measure success? This a very important question and the one most often unanswered going into the testing phase. Ideally, you will know exactly what media CPO (cos How to Write, Right IntroductionWrite like you talk. One of the biggest mistakes people make when writing B2B marketing letters is using very formal language. It’s a very common mistake.It's one that I made all the time when I first started writing copy in 1991. (In fact, sometimes I still screw it up).The bottom line is this: Make your letters sound like a conversation - in print. Your message has to sound like one real human being talking to another. Forget ALL the formal phrases taught in "Business Letter Writing 101. When you meet a prospect in person, you wouldn't say "I hand you herein my new promotional catalog." So why say, "Enclosed herein" in your sales letter?Simply say. “As you can see I've included a copy of our current catalog of phenomenal products. I think you'll really like what I circled for you on page 39." Th Successful radio advertising campaigns require that certain fundamental pieces of information about the product (or service), customers, and business be clearly understood by everyone involved in the effort. Sales, marketing, customer service and the radio advertising agency should all have the chance to provide input from their perspective, and all of these groups should be operating with the same set of complete information. Without this foundation of common understanding, the chances of your radio advertising campaign being successful are diminished. Why? Because you slip from a methodical, disciplined approach to building your business profitably with direct response radio advertising to a more haphazard and risky approach that relies on luck. Successful direct response radio advertisers earn their way to great wealth by taking a disciplined approach. The questions we'll outline below are to be answered as part of just such a disciplined approach and they are meant to be addressed during the pre-launch phase of building your radio advertising campaign. In many respects, building a successful direct response radio advertising campaign requires a mentality akin to that of a researcher. Researchers uncover knowledge about a particular topic. The first step in research is identifying the problem you are trying to solve. In the case of direct response radio advertising, you are trying to solve the following "problem(s)": - Creative: which advertising appeals will result in the highest number of most qualified leads? Answering these questions will minimize your media CPO, thereby maximizing your radio advertising (and overall business) profitability. The list of questions that follows is aimed at guiding any potential radio advertiser down the road to solving the above "problems". The answers to these questions are the input into creating and testing a hypothesis (again, thinking like a researcher) about which combination of radio advertising appeals and radio media targeting will result in the most profitable radio advertising campaign. The 10 Key Questions Note: we'll use the word "product", however the following thought process is also applied to services, events, and other items that are promoted in direct response radio advertising campaigns. Product Questions: 1. What benefits does the product provide to its users? What problems does it solve? In what ways does the product make the user's life better? Be sure to identify key claims that can legally be made about the degree of benefits to the product user. 2. How does the product work? It is important to note that this is input information only. One of the biggest mistakes in creating advertising of any type is an over-emphasis on features and not benefits. Discussing how the product works can lead advertisers astray, into the world of the "neat" factor and out of the world of what matters to your target customers - what the product does for them. 3. How is the product different? Be sure to compare the product to alternatives or substitutes, as well as to competing products. Also include information about any patents, trademarks or clinical test results. 4. What offers may be used in the radio advertisement? For example, is there a free trial, free shipping, or a bonus quantity with purchase? 5. What are the distribution channel(s) that will be used for the product? (Web, retail, direct) 6. Are customer testimonials, expert endorsements, or a corporate spokesperson available for use in the radio ad? Customer Questions: Answering the following questions requires at least some customer research. It may be primary research (for example, conducting a qualitative focus group or a quantitative survey), or secondary research (reviewing qualitative or quantitative research compiled by others about your product category that you can apply to your specific situation). Don't overlook your current customer base and results from prior tests as a source of valuable customer information, but be aware that this data will not be randomly collected (i.e. to some degree your current customers will be a reflection of the advertising that brought them in). In any case, research will not spell out the exact appeals that will be successful for your specific direct response radio advertising campaign, which is why in-market testing occurs in the next phase. 7. Who is the target consumer segment? Describe them in terms of age, sex, socioeconomic, demographic, geographic, or other relevant dimensions. 8. What are the strongest motivations for this customer segment to buy this type or class of product? What does the customer hope to gain by purchasing, and what loss would the customer avoid by purchasing? 9. What objections or excuses might the customer use to delay or avoid buying the product? What is the answer to each of the objections or excuses? Business Question: 10. How will you measure success? This a very important question and the one most often unanswered going into the testing phase. Ideally, you will know exactly what media CPO (cost Skills Make Labor More Valuable g your radio advertising campaign.As you know by now, if you have been a long time subscriber to our weekly E-zine, I'm a very big proponent of activity, labor and discipline. In fact I devoted one of the five major pieces to the life puzzle (in my book under the same name) to the subject of activity and labor. But now let me add another key word to the labor equation - skillful. Yes, skillful labor.We need the skills to help build our family's dreams, the skills to stir up an enterprise and make it successful. We need skills to build equities for the future. We need skills of all kinds.How about this - skillful language. If you just talk to your family you can hold them all together, but if you skillfully talk to your children you can help them build dreams for the future. That is why I spend so much time at the Weekend Seminar on communication - how In many respects, building a successful direct response radio advertising campaign requires a mentality akin to that of a researcher. Researchers uncover knowledge about a particular topic. The first step in research is identifying the problem you are trying to solve. In the case of direct response radio advertising, you are trying to solve the following "problem(s)": - Creative: which advertising appeals will result in the highest number of most qualified leads? Answering these questions will minimize your media CPO, thereby maximizing your radio advertising (and overall business) profitability. The list of questions that follows is aimed at guiding any potential radio advertiser down the road to solving the above "problems". The answers to these questions are the input into creating and testing a hypothesis (again, thinking like a researcher) about which combination of radio advertising appeals and radio media targeting will result in the most profitable radio advertising campaign. The 10 Key Questions Note: we'll use the word "product", however the following thought process is also applied to services, events, and other items that are promoted in direct response radio advertising campaigns. Product Questions: 1. What benefits does the product provide to its users? What problems does it solve? In what ways does the product make the user's life better? Be sure to identify key claims that can legally be made about the degree of benefits to the product user. 2. How does the product work? It is important to note that this is input information only. One of the biggest mistakes in creating advertising of any type is an over-emphasis on features and not benefits. Discussing how the product works can lead advertisers astray, into the world of the "neat" factor and out of the world of what matters to your target customers - what the product does for them. 3. How is the product different? Be sure to compare the product to alternatives or substitutes, as well as to competing products. Also include information about any patents, trademarks or clinical test results. 4. What offers may be used in the radio advertisement? For example, is there a free trial, free shipping, or a bonus quantity with purchase? 5. What are the distribution channel(s) that will be used for the product? (Web, retail, direct) 6. Are customer testimonials, expert endorsements, or a corporate spokesperson available for use in the radio ad? Customer Questions: Answering the following questions requires at least some customer research. It may be primary research (for example, conducting a qualitative focus group or a quantitative survey), or secondary research (reviewing qualitative or quantitative research compiled by others about your product category that you can apply to your specific situation). Don't overlook your current customer base and results from prior tests as a source of valuable customer information, but be aware that this data will not be randomly collected (i.e. to some degree your current customers will be a reflection of the advertising that brought them in). In any case, research will not spell out the exact appeals that will be successful for your specific direct response radio advertising campaign, which is why in-market testing occurs in the next phase. 7. Who is the target consumer segment? Describe them in terms of age, sex, socioeconomic, demographic, geographic, or other relevant dimensions. 8. What are the strongest motivations for this customer segment to buy this type or class of product? What does the customer hope to gain by purchasing, and what loss would the customer avoid by purchasing? 9. What objections or excuses might the customer use to delay or avoid buying the product? What is the answer to each of the objections or excuses? Business Question: 10. How will you measure success? This a very important question and the one most often unanswered going into the testing phase. Ideally, you will know exactly what media CPO (cos Going into Business? targeting will result in the most profitable radio advertising campaign.Well you have decided {sort of} to go into business for yourself. How should you do it? Here are the 3 different ways:1. Start from scratch. Bill Gates did it. Do you have an idea for a service or product? Hardest way. Biggest potential. Do you have the courage?2. Buy an existing business. The key word to remember is “patience”. Things like waiting for the seller to release his or her financial info, settling on the purchase price, obtaining financing {especially if the finances do not look great on paper!}, and hoping the seller still wants to sell after it is all said and done.3. Invest in a “franchise”. It could be a way to get started on your dream, faster. There is of course a “system”, a marketing and advertising plan, formal training, infrastructure, and other like minded people {hopefully just like you The 10 Key Questions Note: we'll use the word "product", however the following thought process is also applied to services, events, and other items that are promoted in direct response radio advertising campaigns. Product Questions: 1. What benefits does the product provide to its users? What problems does it solve? In what ways does the product make the user's life better? Be sure to identify key claims that can legally be made about the degree of benefits to the product user. 2. How does the product work? It is important to note that this is input information only. One of the biggest mistakes in creating advertising of any type is an over-emphasis on features and not benefits. Discussing how the product works can lead advertisers astray, into the world of the "neat" factor and out of the world of what matters to your target customers - what the product does for them. 3. How is the product different? Be sure to compare the product to alternatives or substitutes, as well as to competing products. Also include information about any patents, trademarks or clinical test results. 4. What offers may be used in the radio advertisement? For example, is there a free trial, free shipping, or a bonus quantity with purchase? 5. What are the distribution channel(s) that will be used for the product? (Web, retail, direct) 6. Are customer testimonials, expert endorsements, or a corporate spokesperson available for use in the radio ad? Customer Questions: Answering the following questions requires at least some customer research. It may be primary research (for example, conducting a qualitative focus group or a quantitative survey), or secondary research (reviewing qualitative or quantitative research compiled by others about your product category that you can apply to your specific situation). Don't overlook your current customer base and results from prior tests as a source of valuable customer information, but be aware that this data will not be randomly collected (i.e. to some degree your current customers will be a reflection of the advertising that brought them in). In any case, research will not spell out the exact appeals that will be successful for your specific direct response radio advertising campaign, which is why in-market testing occurs in the next phase. 7. Who is the target consumer segment? Describe them in terms of age, sex, socioeconomic, demographic, geographic, or other relevant dimensions. 8. What are the strongest motivations for this customer segment to buy this type or class of product? What does the customer hope to gain by purchasing, and what loss would the customer avoid by purchasing? 9. What objections or excuses might the customer use to delay or avoid buying the product? What is the answer to each of the objections or excuses? Business Question: 10. How will you measure success? This a very important question and the one most often unanswered going into the testing phase. Ideally, you will know exactly what media CPO (cos 7 Foolish Phrases Owners Say to Wreck Their Business - and What I Think When I Hear Them mpare the product to alternatives or substitutes, as well as to competing products. Also include information about any patents, trademarks or clinical test results.We’ve got the best service How do you know that? Can you prove it? Would you mind if asked your customers instead of taking your word for it? Do you think you might have a biased opinion? Superlatives like this just don’t work in marketing. They’re overused and just don’t carry any weight. Now you might have the best service out there, you can prove it to customers by offering a guarantee, a spotless record, and glowing testimonials. I can’t help you, there’s nothing I can do Ouch. Nothing worse than working with a sales rep that is untrained and unable to make decisions or provide solutions. Always provide some solution, some answer to your customer’s challenge. It might not be her/his ideal solution, but no one likes to hear, “There’s nothing I can do”. What seems eon 4. What offers may be used in the radio advertisement? For example, is there a free trial, free shipping, or a bonus quantity with purchase? 5. What are the distribution channel(s) that will be used for the product? (Web, retail, direct) 6. Are customer testimonials, expert endorsements, or a corporate spokesperson available for use in the radio ad? Customer Questions: Answering the following questions requires at least some customer research. It may be primary research (for example, conducting a qualitative focus group or a quantitative survey), or secondary research (reviewing qualitative or quantitative research compiled by others about your product category that you can apply to your specific situation). Don't overlook your current customer base and results from prior tests as a source of valuable customer information, but be aware that this data will not be randomly collected (i.e. to some degree your current customers will be a reflection of the advertising that brought them in). In any case, research will not spell out the exact appeals that will be successful for your specific direct response radio advertising campaign, which is why in-market testing occurs in the next phase. 7. Who is the target consumer segment? Describe them in terms of age, sex, socioeconomic, demographic, geographic, or other relevant dimensions. 8. What are the strongest motivations for this customer segment to buy this type or class of product? What does the customer hope to gain by purchasing, and what loss would the customer avoid by purchasing? 9. What objections or excuses might the customer use to delay or avoid buying the product? What is the answer to each of the objections or excuses? Business Question: 10. How will you measure success? This a very important question and the one most often unanswered going into the testing phase. Ideally, you will know exactly what media CPO (cos Effective Business Card Design for Lawyers not be randomly collected (i.e. to some degree your current customers will be a reflection of the advertising that brought them in). In any case, research will not spell out the exact appeals that will be successful for your specific direct response radio advertising campaign, which is why in-market testing occurs in the next phase.Are you looking for new business cards that will help you market your law practice and you want a design that will look good but will also give someone all of the information that they need at first glance? When you are a lawyer you want something that looks professional because people that need a lawyer want someone who seems to be well put together and has the ability to defend them. Sometimes the appearance of a business card can help someone determine that you are the lawyer for them.Custom business cards are a great way to go. Think about it, you can tell when you look at the business cards of others whether or not someone took the time to really personalize their card. If you are a lawyer people perceive you to be powerful, successful, and detail oriented, someone who could help them get through their legal troubles 7. Who is the target consumer segment? Describe them in terms of age, sex, socioeconomic, demographic, geographic, or other relevant dimensions. 8. What are the strongest motivations for this customer segment to buy this type or class of product? What does the customer hope to gain by purchasing, and what loss would the customer avoid by purchasing? 9. What objections or excuses might the customer use to delay or avoid buying the product? What is the answer to each of the objections or excuses? Business Question: 10. How will you measure success? This a very important question and the one most often unanswered going into the testing phase. Ideally, you will know exactly what media CPO (cost per order) is required for you to achieve break-even profitability. Armed with this information, you'll have a context with which to view the results of advertising tests. Without it, you are in danger of either pulling the plug on a profitable campaign or rolling out an unprofitable campaign. Conclusion Once you've answered these questions, you're ready for the next step. It's time to pull together a well-rationed hypothesis about which set of appeals, distilled into a creative approach that ultimately ends up as a radio ad, is likely to work the best. This is a challenging phase because it entails dealing with a large amount of information and a large number of alternatives. Additionally, identifying appeals is only the first step - articulating those appeals is also very important and nuanced. Most often your radio advertising agency will conduct this exercise because they're experienced in dealing with these challenges, but it should be iterative with the client team. Almost always it turns out that more than one creative approach seems to make strong sense. This is appropriate because you will ultimately test a minimum of two approaches (two different radio ads) since what we are trying to learn is which approach works best. As this is a comparative exercise, it requires comparing two ads.
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