The Business Key

Archive for the ‘Advertising’ Category

Are you looking to grow your business? Are you someone who has just started a business and you want to let other people attract to your new business or products? Then opt for advertising, the best option for you. Yes, unless you advertise your product or business, you can never wish of being successful in the market.

Unless the masses know about your new product or business, it would be very difficult to survive in the market. Well, you can always go for print advertising for your product or business. Print Advertising does not cost much compared to television advertising and you get good response from the masses.

If you are ready to burn a hole in your pocket, then you can definitely go for television advertising. The response that you get from the Television Advertising would never disappoint you. Whatâ??s more, this form of advertisement is considered to be the best one as it reaches every nook and corner of the world within seconds. In this way you can make a public response of your product through different forms of advertising.

“How much should I spend on radio advertising?” “How do I know I am getting the best radio advertising rates?” “What radio stations should I advertise on?” “What are good and bad radio advertising prices?” “How many spots should I air on a radio station?”
Every day at Radio Lounge, we hear radio advertising questions such as these.
Honestly, there is so much confusion about radio advertising floating around – we can’t blame you for asking these questions. Why is advertising on the radio so mysterious? The answer is – radio advertising is not mysterious. It just helps to know how it works.
Effective radio advertising relies on two major components – the message (the radio commercial itself), and the media (that the radio spot airs on).
The Message
Let’s look first at the radio commercial itself. Before even thinking about which radio stations to air on, or how much to spend on radio advertising rates, you must think about what you are going to say in your radio ad. For this article, we are assuming that all call centers, fulfillments, websites, etc. lead generation, and sales closing processes have been put in place by you, the advertiser. Creating a radio commercial that helps drive traffic is extremely important to the advertising process.
The advertising industry is full of voice talents, radio personalities, DJ’s and others, all claiming to create radio commercials. Be careful here. When entering the arena of radio commercial production, look for a radio advertising agency that has experience and a track record of successful ad campaigns. Anyone can create a radio ad, but not everyone can create a radio ad that pulls traffic. Some radio stations provide free radio commercials if you advertise on their station. Most of these free commercials are never based on strategy and are just one of several dozen commercials that have to be created by an overworked radio production person in a five to fifteen minute window of time. Remember, you usually get what you pay for.
The most effective radio commercials are built on a solid, proven strategy. The copy is written using time tested formulas that maximize potential response. The talent is handpicked to best connect with the end user and the production is based upon clear, quality, and easy to absorb audio.
So…what does the radio commercial production process cost? The majority of radio commercials that work best usually fall into the $500 to $1000 price range. There are always exceptions to the rule (lots of revisions to copy or audio, additional voice talents, celebrity endorsements, etc.) but this figure generally covers development of a solid strategy, copy from experienced copywriters, performance by high caliber voice talents, and the highest quality production services.
The Media
For many with questions about radio advertising rates, and radio station prices, here is where the mystery begins. We will try to simplify the mystery of radio media buying as much as we can in this small amount of space.
A good radio advertising buy focuses on a few different things:
* Finding the best radio stations in a market that match your customer’s demographics (age, gender, income level, etc.) and psychographics (interests, beliefs, hobbies, personality traits, etc.).

Expenditure in advertising is increasing in spheres like health, education and travel, in spite of recession and down sliding in some such as retail but luxury segment is much more stable. Advertising has become target oriented featuring holding capacity of its loyal customers.

Television Advertising:-

Television advertising is after all the art of nailing its consumers to loose off money on the products advertised. Television advertising effects globally, targeting the consumer’s attitude with increased aggression, breaking down the boundaries with growing new audience and tailored advertising, intruding the ideologies. This allows innovative ideas to be shared. The increase use of software, animation and promoting intelligently, arrests the sophisticated urban population.

Radio Advertising:-

In spite of many options available today, radio advertising is a sure choice even for an established or a new venture, for its wide range of target listeners spreading geographically diverse culture and spending capability. Radio advertising ensures low cost, with basic terms available; it’s an easy choice as per the requirement for maximum benefit.

Broadcasters, marketers and media buyers agree that, because we now live in a video-on-demand world in which consumers control what they watch and when, the broadcast advertising model is broken.  And while the media industry is still sorting through their predicament on television, perhaps the even more troubling news is that, due to the tough economic conditions the world faces going into 2009, all indications are that online ad spending will dip over the next year.  What can media companies and advertisers do in this floundering ad ecosystem?  The short answer: they will have to change the way advertising is bought and sold, measured and delivered.