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HOW TO GET RESULTS FROM YOUR ADS WITHOUT SPENDING A FORTUNE

Press Release
: : 1 November, 2004

 


Business coaches with Action International use the term testing and measuring frequently. This practice forms an essential part of our ongoing mentoring programs with clients. What are we talking about anyway? It’s quite simple…read on.

Why is testing important? We don’t realize it but we test everything in our daily lives. You always take a new car for a test drive before you sign on the dotted line. When you go shopping at the supermarket, clerks are standing in the aisles with samples for you to test before you buy. Waking up in the morning and checking the weather before selecting your clothing for the day is also a form of testing. See… we do it all the time… we just don’t think about it.

Yet businesses persist in embarking on expensive marketing campaigns with little or no idea of the outcome. These same businesses will spend thousands of dollars on an ad campaign and hope they get a response. Action International firmly believes in testing a new ad campaign before the majority of the budget is committed. It may be a whale of an idea… but, face it…no one knows with certainty, the outcome of a daring new campaign. We at Action suggest that our clients commit 10 – 15% of the new campaign budget and test for the outcomes.

This then leads to the balance of the phrase… testing and measuring. There is little point in going to the trouble of conducting a test in the first place unless one follows through with some type of analysis of the results. Imagine taking that new car out for a test drive and not paying any heed whatsoever to the quality of the ride, the noise levels and the engine performance. Not reasonable…is it? You would instantly compare this new car to your old one or other new cars you were considering… wouldn’t you? You would have your own form of measurement to compare the car with others. Your taste is a form of measurement when you try those samples in the supermarket. If you lost your ability to taste… why bother trying the sample at all? I believe you get my point!

Now, back to our business analogy… there is no point in testing the outcome of any type of marketing campaign with no measurement of the outcome. Careful measurement and analysis of the results of a test campaign will provide much needed information on which to base decisions. The results of the measurement will quantify the success of the test campaign. The results can then be extrapolated to test the soundness of the campaign. Example… a test mailing to 500 households yields 10 responses. Each response results in an average sale of $150 with a margin of 40% that adds $60 to the company’s profits which is $600 overall ($60 x 10 responses). Let us assume the overall cost of the mailing is $1 each or $500 in all. The company then made a net profit of $100 ($600 profit less costs of $500). This campaign appears to be a winner!

Action International is a business coaching and training company that works with small to medium sized business educating the business owner how to improve the sales and marketing in their business.

For further discussion on the above, or coaching services in general, please call your local Action International Business Coach, Action USA’s Home Office at 1-888-483-2828, or visit www.actioncoaching.com

 
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About

Action International
Action International, headquartered in Las Vegas, Nevada, is one of the fastest growing franchises (#16 Entrepreneur Magazine, Feb. 2004) and is the largest business coaching company in the world. The company was established in 1993 in Australia by a young visionary named Brad Sugars. Brad recognized early on that most owners of small- and medium-sized businesses were unaware of how to effectively grow their businesses and achieve their goals. He developed a comprehensive system and methodology to assist business owners in achieving their goals and realizing their dreams with dramatic results. The company began franchising in 1997, and now has 550+ franchisees (Action Business Coaches), working in 18 countries around the globe.


Contact:
Marla Hockfeld,
Marketing Mgr., USA
Ph: (702) 795-3188
Fax: (702) 795-3183
Toll-Free: (888) 483-2828
Email. marlahockfeld@action-
international.com

Internet.
www.action-international.com

 


 
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