Media Can Be Pricey

Traditional Media is Pricey

The economy is sagging we're told. Certain business categories are currently hard hit with the borrowing issues, American Auto Manufacturers are struggling again (while Toyota and Honda report strong earnings, again). Business is tough and a little scary for many people. Radio revenues continue to descend as well. Newspaper is in a huge tail spin. Retailers just ain't buying traditional media like they used to.

Why is that?
My opinion is that newspaper, radio and TV are priced too high for the quantifiable ROI. Business owners are shifting their dollars around to media that can demonstrate ROI. Of most interest to many retailers right now is how to effectively use the Internet. It's sexy right now - they can see if it's working and it's pretty darn cheap it seems.

There are local businesses that are light years ahead in how they spend their marketing dollars. They spend their money, not in huge annual chunks to one newspaper (huge WASTE!) but in smaller strategic ways to maximize exposure and awareness, and drive traffic to their websites where the real selling begins at a much lower cost per impression.

Websites Educate and Sell
Does your website educate and sell? People go to sites to find what they are looking for, then check out the business, find out what they offer, are they legit, etc. But mostly consumers are there to BUY. They are ready, they're looking and need what you sell. Give them an offer and don't make them have to find it. Make your compelling offer up front on the home page- then they will dig into your site to make sure this isn't too good to be true.

Traditional Media is Too Expensive because...
they can't demonstrate how they directly impact business. They talk "impressions", not leads. Impressions are safe, leads are dangerous! It is without question that traditional media such as radio is very powerful but until they begin to prove it, they will struggle for years to come. My days in radio were always scary with the new business owner who bought your station. I'd be sitting in the radio tent at the big weekend sale - calling the on-air DJ, pleading them to do more cut-ins or promo's for the remote. Those remotes were sometimes $5,000 or more. Rarely did we blow the doors off for that investment.

Place some of that $5,000 in search ads and you have an online campaign that will cover 30 days and hit most searchers in a 50 mile radius that are looking for what you sell. How does radio, TV Newspaper compete with that?! Actually it can and should.

Traditional media actually is the engine that drives it all and soon we'll explain why we LOVE radio and TV.