Develop a B2C advertising strategy
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Business-to-consumer advertising is when your business uses
advertisements to persuade the general public to buy from you. Advertising to the public is daunting and if you try to talk to
everyone it can be expensive. Big companies have multi-million pound
advertising budgets to communicate with general consumers. Smaller companies
are unlikely to have big budgets so they usually opt for a targeted campaign to
ensure the advertising is cost effective. Picking the right media There are thousands
of magazines and newspapers aimed at the general public. They can provide a
cost-effective advertising solution but you need to choose them carefully. If
most of your customers live or work close to where your business is based,
consider running an advertisement on your local radio station. Television
advertising is expensive and calls for a lot of specialist help so is unlikely
to be an option for smaller businesses.Your strategyTarget
market- Identify your customer base. Look at who normally buys from you, or who is likely to want your
products or services. Use this information to develop a picture of typical
people in your target market. Perhaps they are families with small children on
a high income? Message - Use your analysis of your target
market to develop a message that will motivate customers to buy from you.
Customer satisfaction survey information and market research can help you get
an understanding of their attitudes and values. Once you know why people buy
from you, devise a central message that reflects that and use it throughout
your advertising. It is advisable to test the message using market research or
a focus group to be sure you've got it right. Goals - Define the aims and objectives of your
advertising campaign and set goals. These goals should be measurable so you can
gauge the success of your campaign and update it if necessary. Media audit - Shortlist the media your
customers are likely to read or listen to. Speak to their advertising
representatives and ask them to send you a full description of their customers.
Assess whether or not publications or local radio stations are reaching your
potential buyers. Value for money - The cost of advertising space
varies enormously. Assess the value for money that your preferred media options
offer by calculating how much it would cost to reach 1,000 readers or
listeners. This will help you compare your options. Schedule - When you've decided which media you
intend to use, draw up an advertising schedule. Map out who you are going to
advertise with and when. It is unlikely that you can afford to advertise
everywhere all the time so the schedule should reflect your business needs.
When you book advertisements your media schedule will give you negotiating
power with advertising sales people.
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