Advertising 101 – Where and How Much to Spend on Advertising

In today’s world, there are so many different places a business can advertise. It isn’t just the newspaper and television commercials anymore. It is social media, streaming services, at the movie theater before the show begins, electronic billboards, apps and so much more. So how can a business even start to determine where they should advertise and how much money they should be spending? Let’s discuss traditional advertising and marketing spend to get the most out of your budget.

Have a Marketing Plan that Includes Advertising

Word of mouth advertising is great, but it only gets a business so far. Creating a marketing plan that incorporates advertising through different mediums can be far more effective. Within your marketing plan, a target audience should be determined. Their age, likes, trends, etc. can help to navigate where they gather most of their information. And once you take a deeper look at those items, you can then determine which medium will work best for your business. 

A marketing plan without an advertising budget is like fishing without a worm. You might get lucky and catch something, but it isn’t going to happen as fast as you’d like, and it might not be your target customer. With an advertising budget, that is your worm that you are putting on the hook to lure in the right customers. 

How Much Should A Business Spend on Advertising?

There isn’t a magic number when it comes to advertising budget. Your marketing team or advertising agency can help determine what the best budget is specifically for your business and where they feel you will get the most bang for your buck. The business owner, manager, whoever is making the call on spending, needs to be comfortable and feel confident in the budget and return on investment.

That is not to say there isn’t a general rule of thumb. Within the business world, the general consensus is to aim at spending between 2-5% of your sales revenue on marketing. Small Business Trends reports a lower number at 1.08% of revenue for advertising, but of course it will vary from industry to industry. Some industries spend more, like retailers at about 4% while restaurants spend 1.93%. Business to Consumer (B2C) companies typically spent slightly more on average, with product companies spending 9.6% and B2C services companies spending 11.8%. Those percentages might scare someone but let’s put it into perspective. If your revenue were $1 million per year, your marketing and advertising budget should be $50,000 annually based on the 5% of sales revenue rule. From that $50k, you can drop different amounts into different marketing and advertising buckets. 

Advertising 101 - Where and How Much to Spend on AdvertisingTrack Your Return On Investment

When you are just starting out, it might seem like a hard decision to do a lot of advertising, but once you get rolling, it is a good idea to be reinvesting revenue back into the business through more advertising. You need to keep that momentum going, keep on pulling in more customers. But it is always best to track your return on investment in every medium.

Measuring your spending and the effectiveness of the advertising should happen quarterly. It does take some time to garner effective data, so if you are just starting out, give the advertising some time to get out there. Become a detective and find out which advertising works best for your target audience and which medium brings in the most business.

What are My Advertising Opportunities?

Working with an advertising agency like Triple-Nine Digital can help your business research which targeting tactics will work best for you. While we are always open to exploring new and different ways of advertising, here are the tactics that we pride ourselves on:

Targeted Display

Targeted Digital Advertising is just that, targeted. We don’t just blast your ad to whoever and wherever we can. The targets we look for are age ranges, gender, location, and interests. We also make sure that the style of the display ad matches your business and appeals to your audience. With pay per click ads, we match the text to the ad, sale, promotion, whatever we are running to generate more clicks.

Search Engine Marketing (Google Search Ads)

The average web user won’t go past the first five listings on a search engine results page. In fact, more than 67% of all clicks go to the top five listings.

Increase online traffic and visibility of your business with Google Search and be on top of search results at the moment customers are searching for your products and services.

Social Media Advertising

Social Media Advertising is making sure that your posts get seen by more people than those who just follow your business’s page. With Social Media Advertising, you can get your message seen in only certain areas or by only a certain gender and much more targeting options. By having an advertising budget on social media your message will go further than organic reach.

Video Pre Roll, OTT and CTV

Target your customers with your existing video on platforms like YouTube, Facebook, and OTT/CTV platforms and channels such as Roku, Sling, AppleTV, CNN, Fox, CBS and more.

Google Discover and Direct Email Marketing

Powerful, cost effective programs to promote products, services and events by delivering ads to Gmail accounts and targeted email lists.

Waze GPS App

Waze Advertising is owned by Google. There are three types of ad options within the Waze platform. They are Branded Pins, Promoted Search, and Zero-Speed takeovers that are part of an advanced Waze ad program. Each of these programs offers different capabilities, but all are driven by either your current location or your destination. Your ad appears in targeted search results or when a driver is near your location.

The Bottom Line

Every business is different. Every budget is different. What works for one business may not work for another and that is fine! True Fit Marketing will work with you to learn about your goals, products or services, and your target audience. From there we will do research of our own to create a strategy that fits for you and your business. Every business is unique and we know that there is no one size fits all strategy. We will research your competitors, demographics, and services to find what will work best. Once we create a plan and put it into action, we will adjust as necessary, reminding you and our team of the goals and evaluating performances so we are all on the right track to success. 

Top 5 Reasons to Hire A Professional Photographer and Videographer

Think back to the most recent purchase you made. Why did you make that purchase? Was it because it was something you needed or wanted to help solve a problem in your life, or was it a whim of a purchase because the product or service just appealed to you? Was it a video that you watched that told you about the business and what this product or service was? Or how about pictures that accompanied the video to physically show the product being used or how the service is done? 

A good example is the old school, late night infomercials, that are now 1 minute videos on your social media newsfeeds to bait and hook you into buying their products. There is just something about the look and feel of those videos. They are so catchy, the wording is perfect and they really do hook you in! That is the magic of a great video and marketing team!

These are a lot of questions to ask yourself right now, but the next time you are interested in a product or service, ask yourself what is making this so appealing to me? We can bet that professional photography and videography are helping to amplify your decision to make a purchase.

But as a business owner, you are probably thinking, I have this high-tech smartphone that says it takes the best photos and it has some video editing capabilities. I will just do it on my own! Not so fast. This is a decision that needs to be rethunk! Here are 5 of the top reasons any business owner should hire a professional photographer and videographer for their next big project.

1. Creative Decisions

As the business owner, we sometimes want to cram as much information into thirty seconds as we can to try to make sure the prospective buyer knows as much information as they can. You might end up sounding like an auctioneer if you do that. With a professional photo and video team, you can express your wants, needs and desires to them and allow this team to come up with the best creative ideas and decisions for the project. They will figure out the important keywords and best angles to show to ensure the whole message is getting told. This team knows how to make a video and photo shoot fun instead of stressful and the end product will surely show this.

And to make it even better, with us, our video and photography team comes alongside the marketing team. So we are a whole crew to get the job done!

2. Saves Time

After meeting with the photo and video team to work out what you want from them, it is up to that team to then get creative and figure out what they want to shoot. Depending on the project, they may come back to you and ask a couple of questions, but after the plan has been put into place, the only thing you will be needed for is filming or photography if you are actually in the pictures or videos. If you are, there is usually a script written for video purposes so you will know exactly what to say. And as far as photography goes, you will know the look and feel of how you want to present yourself to your audience. 

Once the camera crews come in and do their stuff, you can wipe your hands of it until the team shows you a first draft of their work. Imagine not having to stress over anything after that and being able to focus on other parts of your business!

3. Saves Money

Do you have all kinds of fancy camera and video equipment? How about editing software? Those things are crazy expensive and if you aren’t going to be using them very often, it will just save you money in the long run to just hire professionals to get the job done right. Hire experts who have a keen eye for detail, understands your business and your audience, and knows your goals. Let them create video and photo magic for you while you focus on your favorite parts of your business.

4. Professional Results

Which leads us to the end product. Professional photographers and videographers will provide professional results. If they don’t, they aren’t professionals. Professional results can be checked off as the end product, but also being able to share a high quality project on your website, across your social media channels and wherever else you may want to show them. There is nothing more frustrating than trying to share a video on social media and the size or shape is giving you an error. Let your professional team provide you with everything you need to make showing your end products to your audience as easy as can be. 

5. Drives Sales

Professional videographers and photographers can help a business develop and achieve its business objectives through sights and sounds. Well-produced videos can attract, engage, and promote one’s brand and company on their own. That is why it is important to work with a professional team so your business doesn’t look low budget or low end. High end, high quality promote and give the same feel about your products or services, no matter the price point. With a professionally done video or photography session of your products or services, you will be able to draw in more potential customers, and grow your business! That is always the goal, right? Grow the business! 

The Bottom Line

The bottom line is that a professional photographer and videographer will help to make your business be more successful through their services. Reach out to us to learn more about the services we offer and how we can help your business grow.

The Secret to a Successful Workplace: Communication

Teamwork makes the dream work! But only when communication is effective can the team collaborate better to manage the task at hand. You may be asking yourself why is an advertising agency giving advice on communication? That’s a great question and the answer is because we are communication professionals. Our team has experience partnering with the more important people in a business to execute strategic business plans, because of communication. 

Good communication can boost teamwork and workplace productivity tenfold. Motivation and engagement is born from communication. And truthfully, communication applies to literally every industry and is used daily. From verbal communication to written communication, there are so many ways to maintain effective communication between employees, contractors, vendors, customers and so on. Let’s discuss some good workplace communication tips and skills to have and how everyone in the workplace can communicate more effectively.

Communication Starts at the Top

No matter if your business is a Fortune 500 company or a 2 person show, communication efforts that start at the top and are understood as they trickle down to others is key. Communication is not only verbally speaking to others, but it is the words in which we use to communicate. In a business environment, using words that are understood by everyone is important to get a message across. Company taglines, slogans, themes, etc., should be translated into everyday communication company-wide so everyone is on the same page about your specific business terminology. 

Additionally, leaders should take the time to effectively communicate with their employees. While meetings can be daunting and time consuming, they are necessary to make sure everyone feels comfortable with each other and knows the task(s) they are to take on. Sometimes lines of communication can be crossed, or there are “too many cooks in the kitchen” giving orders of what to do, so the outcome for everyone is very stressful and ineffective. 

Tip: When a new project is created, make a communication flow chart plan so everyone knows who is the leader on the project, who needs to approve processes, who needs to be involved at what stages, and everyone’s job to complete the project on time. When a team knows everyone’s role and responsibilities, communication is smoother and projects get done in a more timely manner.

Communication Tools

Welcome to the current year where Zoom meetings are a norm! The workplace is currently in an evolving period where a lot more people are working from home rather than the office. This doesn’t mean they should miss out on team meetings and important communications. We have more communication tools available to us than ever before, so use them!

Tip: Require anyone who is on a video conference to have their camera on. Allowing everyone to see body language, facial expressions, eye contact and anything else that happens during a usual face-to-face meeting should also be happening during a video conference. Unfortunately, if the person video conferencing doesn’t want to turn their camera on, it can lead to poor communication and issues with the team morale.

Skill: There are just so many ways to communicate with co-workers. By utilizing one main messaging tool company-wide, you can limit the number of ways people can communicate, but also set the expectation of where workplace communication can take place. An employee shouldn’t have to look through 10 different communication avenues to find what they are looking for. A communication skill to work on, or to teach to your employees, is which way is best to communicate with each other. Workplace messaging apps can be used for quick responses to questions, email can be used to communicate with someone when an instant response isn’t needed, the phone is still alive and well, but now we can text message on it too – so use that properly and ONLY if necessary, especially if it is a personal phone number. And if necessary, document all phone calls to recap what was said so there is an understanding between both people.

Don’t Leave People Out

There is a fine line between telling everyone too much or letting them in on too little. Within the workplace, leaders need to be effective communicators. They also need to know who needs to know what. If your business works with outside vendors, make sure they are communicated to, just like they are employees. Make it a habit that when you send out a company wide communication, that is not private, it gets shared with those that help you with your business as well. 

Tip: A great example of making sure everyone knows important information is when there is a change in business hours. Maybe a snow storm is approaching and you decide to close your restaurant early. Not only should the management team tell the employees and hang signage on the door, but they also need to tell whoever runs their social media, website, email systems, etc., to alert customers to the change. There is nothing more frustrating than a potential customer wanting to eat at your restaurant, only to arrive and you are closed. We don’t live in a perfect world, but cross all of those T’s and dot all of those i’s to make sure you are communicating to everyone effectively and efficiently.

Make communication a top priority in the workplace. There is an ever-heightened need for more communication, clearer communication, and continuous communication now more than ever. Good communication can go a long way in empowering employees, driving productivity, innovation, and achievement. 

Is Change on the Horizon for Marketing?

All kinds of marketing really had to make a shift in the past 18 months. People were staying closer to home, were online more than ever, and were sitting on the couch in front of the television more than anyone would care to admit. Shopping closer to home was happening more, and the mom and pop small businesses were reaping some benefits. There are some key opportunities and challenges for businesses when it comes to marketing lurking in the upcoming year. Below we will discuss some marketing trends that should be considered for 2022. If any of these seem challenging, let’s tackle them together!

Double Down on Digital

Digital advertising is predicted to boom in 2022. This really shouldn’t surprise anyone though. According to GroupM, the amount spent on advertising to support ecommerce will increase 66% in 2022, while Zenith predicts digital channels will amount to more than 60% of global ad spend for the first time next year. 

The Internet is just going to keep growing. Digital communication is never going away. Online networks are where people spend their free time. The Internet is where people shop. It is where people communicate and it is where people research. Use the Internet and digital communications to their fullest potential in 2022.

Keep Going With Short Videos

Short videos are still going strong on social media and are predicted to continue this route in 2022. Instagram reels and TikTok are just two examples of where short videos come from. These short videos take no time to view and are widely shared. If there is a way to utilize a short video format for a product, business, promotion or spotlight, do it! Video is so powerful!

But don’t skim on the longer length, feature feel videos. IGTV and any YouTube content is still wonderful. Video overall is just great!

Customer Retention Matters

We talked previously about generational groupings for the purpose of marketing and how it may or may not help when it comes to getting to know your target audience. Beyond just figuring out who the target audience is and how to sell to them/acquire their business, businesses will need to rethink their ways of retaining customers. Competition in the digital market is likely going to become fiercer, only making it hard for a business to grab any attention. This is why the thinking around the customer needs to do a 180. 

Educating customers on why they need your product or service should always be top priority. Think of it in terms of someone who couldn’t possibly live their life without this product. Educate them on why this product is vital to own or use and why your product is better than the competition. Make it all about the customer’s feelings instead of the business. 

The hard sell is going by the wayside. People are just over it. They don’t want to be bothered by gimmicks or “tricks of the trade” anymore. There is not enough time in the day for that. People either know what they want, who they want to buy it from and just make the purchase. Or they research, usually online, but also through friends and family, and take the time to seek out which business should earn their loyalty. Redirect typical hard selling strategies to making sure current customers stay customers for the long run.

Own Your Customers

Ok, no, you don’t really own them, but you need to own how you can contact them. While social media has so many benefits, those networks could go down at any moment. That could mean losing a HUGE database of potential customers, current customers and past customers. Converting those people to your own database takes time and effort but it is worth it. Doing so allows you to be able to ensure the message you want to get to them can (think email marketing and newsletters). Additionally, you will be able to shine outside of where all of the competitors also live. Don’t get lost in the newsfeeds. 

Ask For Help

If there is one thing that always reigns true in this industry, it is that change is always happening. We are used to it and stay on top of it as best we can. But that is our job. And that is why it is important to ask our True Fit Marketing team for help with your marketing strategy for 2022. It isn’t too late to rethink what you’ve been doing and analyze what did and did not work. And it is great to make changes. Ask for help with your marketing efforts because it is important that you focus on other aspects of your business as well.

True Fit Marketing has been recognized as a 2021 Top 30 Best Branding Agency in Pennsylvania by DesignRush.

True Fit Marketing has been recognized as a 2021 Top 30 Best Branding Agency in Pennsylvania by DesignRush. 

DesignRush is a B2B marketplace that connects brands with professional full-service agencies, web design companies, digital marketing firms, and top technology companies.

Their platform lists over 9,300 agencies from over 50 different countries and is consulted by thousands of decision-makers looking to start a project.

“We are so excited to be honored with this award,” said Owner Arlea Hoffman. “Our goal is to build a brand that lasts as long as a business. We will always be a partner with our clients, so this award is for them as well. We work together to meet desires, wants and needs in an industry that is ever changing. Branding is a top priority for a business so it is important that we are on top of our game with knowing what is happening in the branding world. Special thanks to DesignRush for bringing together agency professionals and leaders to learn and collaborate with.”

True Fit Marketing is a full-service marketing advocacy firm powered by technology and grounded with foundational marketing. The agency has grown immensely over the past two years. From clients to staff, they are proud of their growth and the growth in the region.