The Problem With Advertising: Lesson 2

This one will be short and sweet… Most of my clients know that I’m not a big ‘fan’ of advertising – NOT because it doesn’t work – but because of the fact that I feel there are far BETTER ways to invest your marketing dollars. And here’s a quick piece of advice – for EVERY dollar you spend, please please please have a way to track your ROI (return on investment). If you spend $5000 on a magazine ad….how much business did it bring you? If you’re a small business owner, and you can’t answer this question, you’re wasting your money. Here’s an example from one of my clients… A fitness club was spending $1000/month on newspaper advertising. When I asked about the ROI on these ads, they had no idea. So I asked them to let me spend the following month’s $1000 budget on something different. The Result? $14,000 in new membership sales. (When was the last time you invested $1000 and got $14,000 in return, within 30 days?) Want to know what I did? Contact me!! : )

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The Problem With Advertising: Lesson 2