Business benefits of advertising
Ways advertising can raise your profile with customers and how to do it, such as providing contact details and information about products.
Advertising can be anything from your shop sign or a website, to an advertisement in a trade magazine or a 30-second radio commercial.
Advertising can:
- provide basic information such as your contact details and website address
- increase sales by telling potential customers about your product or service
- tell customers about changes to your service, new product launches and improvements
- increase short-term sales with a limited-time offers or discounts
- prompt specific action - get customers to visit your premises or website, or use a discount voucher
- remind existing customers about your business
- change people's attitudes and perceptions of your business
- help to create or develop a distinctive brand for your business to help you stand out from your competitors
- make your business the first choice for customers, ahead of your competitors
- increase brand awareness of your business
- develop a particular market niche or position
Non-sales benefits of advertising for your business
Advertising doesn't always need to be about sales and marketing. You can also use it to:
- recruit staff - a recruitment advertisement should also be a chance to promote your business
- source suppliers and contractors - this also helps to position your business as active and expanding
Target your customers
Decide whether your target audience is local or regional, national or international. See define your target market. Remember that a local business might benefit from national advertising. This could help the business expand into new territories.
You can advertise in a wide range of different media. Using a media mix can help to reinforce the message or information you want to communicate.
Before selecting a particular type of media, you should find out:
- audience demographics - their circulation or audience figures
- audience size and reach - what the audience penetration, or 'reach', of their product is
Figures can normally be broken down into age groups, average income and other useful indicators. Don't buy advertising space in a certain type of media just because you read, see or hear it yourself. It should always be focused on your potential customers.
Also remember you have a duty to ensure that your advertising is legal, decent, honest and truthful.