An Entrepreneur Guide to Marketing: What You Need to Know About Ads and Advertising
Advertising is an act that is very important for a business to do. Without advertising, a business might not be able to get their customers, and they would not be able to get profits without customers being present. That being said, what is advertising?
Advertising is a pretty simple thing in actuality. It is a tactic that every people working in the marketing department should know simply because it is their basic job. It got a set of goals to work upon, and companies usually expect the marketing department to be able to reach that set of goals. The goals are pretty simple as well: when you advertise something, you want your advertisements to reach the ears of potential customers. When potential customers hear you, they will be tempted to look at the things that you are selling. When they are looking, the chance of them buying things from you will be increased by a mile.
To make it simple, one utmost important goal of advertising is to make your product the talk of many people. It does not matter if it is bad talk or good talk because as long as your product is being talked about, it is advertising on its own. If a marketing manager is very good, she or he can make the product advertise itself.
How important it is to advertise?
Advertising is closely related to profit, making it a defining factor in making or breaking that company. A good marketing department can bring a lot of money to the company while a bad one can destroy a company’s reputation. A good or bad marketing is possibly what brings money to or from the company.
Selling your product is not as easy as it might seem
Some people believe that you do not need to advertise your product to make it sell like hotcakes; all you got to do was to innovate and things will be cleared on their own. If you are thinking like that, then you must be very naive. Innovation can only bring you so far. Without someone or something to advertise your product, no one would flock around you and buy from you. Without customers, there is no way that you can be profitable. Without being able to get a profit, you have taken the step of a merchant who failed. Make sure to learn more about advertising if you do not want to fail again.
If you want to know a prime example of the importance of advertising, you can take a look at Apple, especially their iPhones. The iPhone is not actually a powerhouse in terms of performance or customizability, but their marketing department is so good it creates a sort of long reaching ripple effect. Apple knows their target and they know the right words to say. They know what features to take or to put into their iPhones and they know how to mitigate the damage that might be caused by that change. You may not always agree with the policies surrounding their products, but you also cannot absurdly say that they are bad at advertising.
On what platform can you advertise your products?
Once, advertising is not as far-reaching as today. The oldest way of advertising is, of course, a mouth-to-mouth advertising, in which people will advertise your product using nothing but their mouth. Technology took a leap forward and then people started to advertise their products on printed media such as newspapers and magazines. Technology takes another leap forward into the present and now merchants use the world wide web to advertise the things they are selling. With each development, the platform where advertising can take place will significantly grow.
Globalization helps a lot with advertising
With the dawn of globalization and the internet, advertising your product is as easy as registering your domain in the net. Even if you cannot be bothered with hiring a web manager or you are not that tech-savvy to handle your own website, there are now many advertising agencies that will help you advertise your products through online means. Google, one of the best search engine on the web, also has a tool that can help you reach potential customers.
What are the important factors that need to be put into consideration when advertising?
There are several different factors to consider when you are writing a copy or a catchphrase for your business. To understand how to sell your product, you need to understand your product first. Take into consideration the gender, the education level, the income level, and the age of the potential customers when you are trying to understand the product. You should also know what the demography likes to garner maximum interest.
For example, if you are selling a product for women aged 20 to 50, you need to know first what those kinds of women like doing or reading. You cannot just advertise your product on a Playboy magazine because that is now what women of that age range read. Knowing who your customers are and what they like is a key to winning the advertising game.
That is all about the bits and pieces of advertising. Advertising is a very important thing that you need to have if you want your business to flourish. Without advertising, you will not garner enough interest and you cannot be profitable.