At the end of Q2 2017, Procter & Gamble, the biggest advertiser in the U.S.A., announced that due in part to the fact that it cut back its digital marketing budget by as much as $140 million, it was able to beat earnings expectations. Specifically, despite a slump in consumer spending, P&G reported a 15% rise in all-in net earnings to $2.3 billion, or a percentage point of profit margin, and at least half that gain is a direct impact of cutting its digital advertising budget.
Finding the sweet spot for frequency in your annual radio advertising schedule can be a challenge, but it can affect the success of your radio advertising efforts and campaigns. At Zimmer, we believe that following a 21/52 plan can help you achieve the right balance and bring you success.
Is your business location a bit off the beaten path? If your location doesn’t have the advantage of being in a high-traffic area, it can be a challenge to drive traffic to your business. But there are things you can do to make your business a destination. We’ve put together some ideas to help you increase foot traffic and make your business the kind of place people want to visit.
Topics: Marketing Strategy
Most businesses understand the importance of tracking and measuring their marketing ROI, but they often fail to consider the outside factors that can have an effect on it. You could be succeeding at developing an effective message for your target audience and deploying it across the right channels to reach your audience, but external factors might negatively impact its effectiveness. Factors having nothing to do with the effectiveness of your marketing campaign can skew results, making it difficult to accurately measure ROI. It’s important to consider how outside factors affect your marketing ROI, whether in a positive or negative way, because they are often unavoidable.
Branding through marketing is critical for every business, even when that business is a law firm. After all, while clients are probably already a qualified lead by the time they approach your firm, branding is why they know about your firm to begin with. Even so, you’ve studied to win in the courtroom, not the marketplace, and law firm branding may seem outside your wheelhouse. That’s why we’ve put together a list of twelve do’s and don’ts to help you start branding your law firm effectively.
Yellow Pages advertising is relatively inexpensive, and for many lawyers, it’s their go-to advertising medium. But the Yellow Pages has its limitations. Many people use the Yellow Pages as a doorstop or booster seat, but it never occurs to them to use it to find a business. For that, they turn to Google. So, while the Yellow Pages remains an effective way to reach a certain segment of your law firm’s target market, it’s important to understand its limitations and explore advertising alternatives that can provide a wider reach.
Newspaper print advertising has a long history of reaching audiences to build trust and leverage influence on purchase decisions. And even though we live in an increasingly digital world, the format continues to prove itself useful in reaching consumers — 60.8% of adults over the age of 18 have read a newspaper in the last week, and it still ranks among the most trusted formats before a purchase decision. Thus, newspaper is still an advertising channel that could be valuable to your business, and understanding the pros and cons of newspaper advertising will help you move forward with your marketing plan.
For businesses that may be located a bit “off the beaten path” — meaning those that are not in a highly visible, highly trafficked brick-and-mortar location — effective marketing and advertising takes on added importance. To make up for a lack of visibility, and the likely lack of traffic, companies must step up their marketing efforts to create visibility in other ways.
It’s easy to underestimate the power of audio in the way we feel, think, and even make decisions. Understanding this impact in radio can be traced back to the mid-1950s when the burgeoning television industry first posed a serious challenge. While it was uttered with regard to radio dramas, the phrase that best sums up this power is “Theater of the Mind.” Essentially, the reason why audio is powerful is because of all the mental images, associations, and emotions that it can evoke, especially through radio.
Many cities and markets have groups of iconic radio stations that have stood the test of time. Whether it be news, music or sports, these “heritage” stations have deep ties to the local community and are institutions in people’s lives and daily routines.