|
Do you sell a necessity or a luxuray?
by Dr. Kevin Nunley
http://www.DrNunley.com
Products and services are a mixed bag. Some are downright necessities.
If my toilet explodes, I need a plumber. If your child wakes up with a
high fever, you need a doctor. Raging termites, aching teeth, and lawsuits
also require services that are necessities.
But most products and services are more luxury than necessity. I often
hire a young man to mow my lawn. But if he's on vacation one week, I'll
get my out-of-shape self out there and push the mower myself.
Businesses buy out of necessity 90 percent of the time. Consumers feel
a purchase is a necessity more like 30 percent of the time. In many cases
consumers could do the job themselves or make the product. More often
they simply want to buy to save time and trouble.
It's important to think about how your product or service is considered
by customers. Do some consider you a necessity while others figure you
provide a luxury?
This can figure in how you promote your business and write your advertising.
Necessities should be promoted as an affordable solution to a pressing
problem. Stress your competence and caring.
Promote luxuries by pointing out how much better the customer's life
will be after she buys. Stress how your product or service saves time,
money, and hassle. There is an old saying among advertising professionals:
When your ad stresses everything, you stress nothing.
Let me give you an example. Lots of web sites list every single benefit
their product or service can give you. You're faced with a long, long
list of bulleted points.
Kudos to these sites for putting their features and benefits in easy-to-browse
bullets. But they would do far better to focus their sales copy on just
a few key advantages.
People tend to skip over copy that tries to stress every feature and
aspect of a product. Even worse, many people simply skip over copy that
tries to cram in too much.
Make a list of the top three things about your product or service that
seem to impress customers most.
Create a headline for your copy that extols the virtues of one of your
advantages. Then have your copy introduce the other two points. This keeps
your sales copy from becoming overburdening with too much for busy customers
to think about.
Of course, many serious prospects want all the information they can get.
Save your complete list of features and benefits for a second all-you-can-read
page.
Stressing the main points and advantages of your product works well on
your web page, but it's a great way to structure a radio or televion commercial,
too.
Radio and television are excellent buys for many small businesses. It's
pretty affordable to advertise through these mass media outlets, not to
mention they also allow you to advertise to a very specific audience.
Radio stations format their programming for certain age groups and life
styles. Whether you want to reach blue-collar men between the ages of
25 and 35, or white-collar women over 50; there is a radio station for
you.
Cable TV systems are dramatically increasing the number of channels they
offer. New low- power TV stations are popping up everywhere. Soon, thanks
to new digital technology, regular broadcast stations may be able to split
their single channel into several. All these new channels need advertising
to survive.
Many are offering very affordable rates easily in reach for small business
people.
Start by calling the sales departments of radio and TV stations. Ask
about rates for advertising at different times of day. Also ask about
package deals, where you get a price break for buying a number of spots
over time. Keep in mind the kinds of audiences you'll be reaching.
After you have all of this information, you can look at the demographics
of your audience and decide if it would be better to push your product
or service as a necessity or a luxury. Remember to stress the most important
points for a better response.
About the author
Kevin Nunley provides marketing advice and copywriting. See his 10,000
marketing ideas and popular promotion packages at http://DrNunley.com
Reach Kevin at kevin@drnunley.com
or 603-249-9519. |
|
» Controlling
the price changes in futures markets
The lock-limit is one way that the markets can be controlled.
» How
much will price changes effect stock trading?
Price elasticity is an economics term that refers to
the way that price changes of stock can affect the demand for that
stock.
» Large
volume trading in steps
Program trading is a term that is also used in at least
two different (though similar) meanings.
» How
many stock options are available?
Open interests are not a feature of all stock market trades.
In fact, open interests are calculated based on options and futures
trades.
» Protect
your portfolio from large losses
If you are worried about the stock market, then you
might want to consider portfolio insurances.
» Insure
your investment without limiting returns
Are you looking for a way to trade on the stock market
without having to deal with all of the risks?
» Regional
funds explained
Increase your portfolio diversity with funds from other
regions.
» What
is a derivative?
Invest in commodities without buying the commodities themselves.
» What
is an option?
An option is an agreement that a commodity or stock
will be available for purchase at a set date.
» Should
I always pay a commission when buying mutual funds
There are three main types of mutual funds when it comes
to commissions.
» Find
the lowest risk investment portfolio
If you're trying to find a good investment portfolio,
then you may want to look at the Treynor measure.
» The
difference between PAX World Funds and The World Funds
The first type is purchased through the company PAX,
and these funds focus on socially responsible companies.
» The
Alpha factor explained
A new method of differentiating between different investments.
» How
good is your planned investment
A company prospectus is a legal document that has been
filed by the company that you might be thinking about investing
in.
» How
do I find the best investment advisor?
If you're looking for the best investment advisor for
you, you should make sure that you pay attention to the type of investments
that that advisor usually recommends.
» How
to find the best full-service stockbroker - ask questions
Before you decide who you should choose for your full-service
stockbroker, make sure that this is the best option for you financially.
» Investing
in commodities
Investing in commodities is not too hard to do - the
real problem comes in when you are trying to decide which commodities
you should invest in, and when it is better to buy or sell a particular
product.
» Don't
wait to get your retirement payments!
If you're looking for an annuity, there are a variety
of different annuities to choose from.
» Multisector
bond funds explained
If you are looking to invest in bonds, but you are not
sure that you want to deal with making all of the purchases on
your own, bond funds might be the right option for you.
» Private
annuity explained
The biggest difference between a regular annuity and
a private annuity is that private annuities take place between
two individuals, instead of between an individual and an insurance
company.
» Avoid
estate taxes with a life insurance trust
If you're looking for another way to insure yourself with
a life insurance policy that will avoid any taxes after your death,
then you should look into getting a life insurance trust.
» What
is a Section 1035 policy exchange?
Don't lose insurance money when you change policies.
» Who
should consider annually renewable term life insurances?
If you're looking for a good insurance policy, then
you should probably take a good look at your financial situation,
and at what you can count on being your situation in the future.
» Death
benefit only plan explained
If you need life insurance, but you are not able to afford
the regular price for life insurance, then you might want to look
into a death benefit only plan.
» How
to save money on your homeowner's insurance
In the case of homeowner's insurance, the most common
way to reduce the amount of money that you will be paying each
month is to increase your deductible.
|
|
|
Please visit Sitetube.com
and learn how to profit from your website.
|
|
|