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A business can miss many different markets
by limiting its expansion to acquaintances
of those already involved. You may know many
people but that does not necessarily mean
that they are interested in what you have
for them right now. There is also no
guarantee that the acquaintances of some of
your contacts are even desirable.
Have you ever heard of what happens to a
message through a chain? Word of Mouth
advertising can greatly distort your
message. Is it not advertising a better way
to get your message directly across?
Relying on your warm markets alone is a
good way to get them burned out. Let us
face it; friends and relatives can be the
toughest sale. Even when someone from your
warm market does join, he/she join for the
wrong reason! Therefore, they seldom become
successful long-term costumers. It is much
better to start a new network working leads
of people who have actually requested
information from your advertising campaign.
The Advertising
Research Foundation and the Association of
Business Publishers Study on ‘the impact of
advertising on sales and profits included
the following findings:
· More advertising means more sales.
· Color Advertising increases sales by more
than 100 % over black and white.
· More advertising results in higher
profits.
· High amounts of advertising toward End
Users can more than double profits in 12
months.
· High amounts of advertising toward Dealers
can more than triple profits in 12 months.
· High amounts of advertising toward End
Users and Dealers can more than quadruple
profit..
· It takes 4 to 6 months to see the results
of advertising program.
· An advertising campaign keeps working for
a year or more.
· More advertising helps build a dealers
network.
· Advertising works no matter what the
product or the price point
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