Advertising Extra’s

by Scott Howard | Feb 22, 2022 | Marketing and Advertising Insights

Regardless of the advertising vehicle you choose to use, you have a preconceived expectation about what your investment should yield. You refer to it as ROI, Return on Investment.

When you invest money in advertising, depending upon what you are trying to accomplish, the results may vary. If you are running a special event, you should expect that your advertising will drive potential customers towards your products or service immediately. If you are running a Branding Campaign, the results are spread out over time and you may not see or feel the immediate impact.

However, businesses that advertise, especially on traditional intrusive media like TV, radio, and billboards will have a unique and distinct advantage over businesses that do not advertise, and it has nothing to do with customers calling or coming through your doors. There are “Hidden Benefits” to advertising that are rarely taken into consideration when calculating your ROI.

Hidden Benefit #1 is Improved Closing Ratio. It’s much easier for your salespeople to sell a product that has created a pre-need awareness and preference. If you were selling vacuum cleaners door to door or even online, would you rather try to sell a well-known brand like Hoover or a brand that no one has ever heard of?

Hidden Benefit #7 is Recruit Higher Quality People. The best quality people prefer and aspire to work for a business that they have heard of and trust and has created a well-known name through advertising.

Smart business owners understand the hidden benefits of advertising. This, along with knowing your non-advertising competitors don’t have this advantage, can set you well on your way to owning your category.

If you would like to see all 9 Hidden Benefits of Traditional Media, click here.

And contact me directly if you need more customers or to hire more people.

The Trust Factor

by Scott Howard | Feb 15, 2022 | Marketing and Advertising Insights, ScLoHo's Collective Wisdom, The Not-So-Secret Writings of ScLoHo, WOWO Fort Wayne Radio Advertising with Scott Howard

A couple of Thursday mornings ago, a couple things happened before 8am.

An email from Insider Radio that included the headline:

Americans May Love Social Media, But Survey Finds It’s Radio That They Trust.

Also it was the beginning of day 2 of a weather-induced work from home day as our area was getting non-stop snow with predictions of well over 15 inches which becomes much more severe when the winds kick in and “drifts up to 4 feet” were predicted by the national weather service.

(I heard that prediction listening to my local news/talk radio station WOWO.) We ended up with a little less and by Friday, I was back at the office and by Monday most of the rest of the city was back to normal.

Social Media has been the darling media that normal Joe’s and Jill’s turned to for communication to the masses. What began with MySpace and then Facebook, Twitter, Snapchat, Instagram and numerous others became the bright and shiny new place for advertisers to run ads. Promises of “hundreds of people for mere pennies” and “trackable results” along with “targeted ads that produce less waste” were all made and continue to be made.

To which I can say, not really.

Look, I am speaking from a multitude of perspectives. Yes, I’ve spent the majority of my career in radio. However a couple of times I worked full-time in the online world. First time was 2011 when I anticipated never returning to radio and instead I was highly immersed in the digital world where we crafted websites that were built to convert traffic into sales. We looked at, what appeared to be heat-map technology and a deep dive into analytics to design websites that improved the UX or User Experience and so I know how that is done and not just the technology but psychology behind it all.

I also worked full-time for a multi-million dollar world-wide company that transitioned from a print catalog sales model to an e-commerce based outfit. I was one of a half dozen specialists in the Internet Marketing Department and my chief role was Social Media for our multiple brands.

Then there is my own personal success story of creating an online following and connections with the ScLoHo brand identity, so I am a believer in the power of online and if you and your business can’t be found online… well you simply don’t exist. Get your company a website now. Claim your social media profiles for you and your company. LinkedIn, Facebook, Instagram at the bare minimum.

However, if that is all you do, the online stuff, you are being short sighted and leaving yourself very vulnerable.

It was just announced that Facebook actually lost members recently. That’s right the biggest Social Media company in the universe, saw a decline.

But that’s not the real reason you are vulnerable. It has to do with the Trust factor.

A dozen years ago I was giving a presentation to students at Huntington University and part of the discussion demonstrated the good stuff that was happening on Facebook. I used the example of my friend Heather who was looking for a new dentist for her family and so she asked for recommendations. Dozens of friends responded with both recommended dentists and a few to avoid. This was modern day word-of-mouth and crowd-sourcing done on a personal level.

However when companies tried to tap into the social networks by running ads, it just wasn’t the same. It was an advertisement, not a personal recommendation. Like so many other forms of advertising, except it started to become annoying because all we wanted to do was see what was going on with our friends and family and instead we were being served ads every few posts on our newsfeeds. I just took a look at my Facebook newsfeed and of the first dozen posts, numbers 2, 7 and 11 were ads.

Another factor creating distrust in Social Media is the political climate for the past several years. I think it has intensified online when we were limited in our ability to gather in-person due to pandemic restrictions.

Here are some quotes from the story I referred to at the beginning of our talk today:

A new MRI-Simmons survey finds that nearly two-thirds of Americans say radio is either “very trustworthy” or “trustworthy” with radio topping every other media type other than newspaper – trailing by a mere one percent difference.

Also:

More than twice as many adults consider radio trustworthy compared to social media. When it comes to fake news, it seems Americans have concluded it is not traditional media outlets that are the source, but rather online media options.

And finally:

In its analysis, Katz says the MRI-Simmons research shows why radio is an “ideal platform” for advertisers looking to make their voice heard and their message count. “Radio is a trusted environment with vested local connections to consumers across demographics, and all types of media users,” it says, adding, “Radio provides the best chance for messaging to break through, resonate, and not be mistrusted by consumers.”

Contact me for more information and insight.

Wanted: Unhappy Customers

by Scott Howard | Jan 25, 2022 | Marketing and Advertising Insights, Sound ADvice

Who in their right mind would ever “want” unhappy customers? The truth is…no one. But an ever-bigger truth is… if you run a business that deals with customers, you will have unhappy customers.

“Your most unhappy customers are your greatest source of learning” –Bill Gates

The key is, how do you deal with unhappy customers?

When it comes to handling problems or unhappy customers, using this philosophy can help you look at the situation in a better light: “It’s never a problem. It’s an opportunity to create a solution to a certain situation”.

Handling customer complaints IS an opportunity to turn an unhappy customer into one of your biggest fans! A study done by Ford Motor Company revealed that an unhappy customer who is turned into a happy customer is twenty times more loyal than a customer who has never been unhappy.

In the pre-digital world, studies proved that an unhappy customer would tell at least twelve other people about their poor or unpleasant experience, and a happy customer would tell one or two. In today’s digital world this quote is apropos, “A happy customer tells a friend; an unhappy customer tells the world.”

Ask yourself this:

• Is your staff trained and empowered to turn unhappy customers into happy customers?

• Do you regularly survey your customer satisfaction levels intending to improve the customer experience at your business?

One of the most important things a business owner can do to achieve high customer satisfaction is to look for and talk to the unhappy customers. Whenever possible, even if it costs you some money and pride, make it right. It will prove to be a good ROI!

We know you will get a higher return on every customer our advertising generates if you can keep them happy spreading word of mouth and keep them coming back for more.

To receive a copy of the Eleven Commandments of Customer Satisfaction, click here.

The reality of this that I’ve seen over and over again as a customer and as a business person is that when things are always going “just fine”, the customer’s emotional connection with the business is often neutral. However those emotions flare when something goes wrong. When customer emotions are highly negative, you can flip it around and create a raving fan and turn those into highly positive emotions about you and your business.

Talk to the Expert

by Scott Howard | Dec 14, 2021 | Marketing and Advertising Insights, Sound ADvice

Some consumers make purchase decisions based on relationships and some make them purely on price. They are referred to as either Relational or Transactional customers.

If your business sells on price alone, this information may not pertain as much to you. If you would like to sell more on relationships, pay close attention and heed this information.

Chris Lytle, the author of The Accidental Salesperson, says “If you become known for what you know instead of what you sell, buyers will come to you for help and advice instead of the lowest price.” The good news is, they will pay more for your knowledge than they will for just the product!

Chris goes on to explain “To become known for what you know, you have to actively market your knowledge instead of your product.”

A group of hugely successful auto parts stores created a strong market position with the DIY category by promoting and exploiting the knowledge of their employees. They had employees that loved Ford, others that knew Chevy, Chrysler, or Dodge inside and out. Even some that were more knowledgeable about the older “muscle cars”. This knowledge took the focus off of the price and put it squarely on the fact that they had people with the knowledge, and they had the parts.

As they say, knowledge is power, and the more knowledge you are perceived to have, the more people will look at you and your company as the “experts”.

In Eight Ways to Market Your Knowledge, the author suggests that you have an FAQ (Frequently Asked Questions) page on your website. Monitor the questions your customers are asking and publish your answers clearly in layman’s terms. Allow your prospects and customers to ask questions online, and always be prompt in posting your answers. Most importantly, take credit for your answers and make sure the public recognizes the answers came from you.

Click here if you want me to deliver all Eight Ways to Market Your Knowledge.

Customer Trust Builds Customer Loyalty

by Scott Howard | Oct 26, 2021 | Marketing and Advertising Insights, ScLoHo's Collective Wisdom, Sound ADvice

In last week’s article and podcast episode which featured material from my SoundADvice newsletter, I mentioned that when all things are equal, the decision we use to determine who we purchase from is based on… perception! And that perception is, who’s better, who’s more “trustworthy”, and who’s more reliable!

The internet has changed the way your customers buy. Before most purchases, they go online to learn more about you and your competitors. Successful marketers today know the route to higher closing ratios and sales is built upon stronger customer relationships. And those relationships are built upon trust.

“Trust” is defined as, confidence in a person or thing because of the qualities one perceives in them. Your advertising, your website, and your front-line people can create the qualities your prospects perceive in you and cause them to choose you over your competitors when they go online.

If your customer count and page views are not reflected in your sales, you need to examine four key areas:

Does your advertising pre-sell customers and build realistic expectations?
Do the expectations match the actual shopping experience?
Does your website answer the questions your customers are asking?
Are your front-line salespeople competent and confident?

The powerful four-way marketing of credible advertising to pre-sell your prospects, matching expectations with actual experience, combined with helpful websites/Facebook pages and knowledgeable salespeople to improve your closing ratios will increase your sales.

In the Twelve Trust Techniques, Technique Number 3 is Be Real – Turn Weaknesses into Strengths. Every business has a “perceived weakness”. Don’t be afraid to share the weakness and turn it into a strength. People will trust you more when you share an inadequacy.

Click here to review our Twelve Trust Techniques to create a pre-need trust and preference for your website and your salespeople.