You have to advertise. Your business cannot
grow and flourish unless you advertise. Advertising is the
"life-blood" of any profitable business. And regardless of
where or how you advertise, it's going to cost you in some
form or another.
Every successful business is built upon, and continues
to thrive, primarily, on good advertising and marketing.
The top companies in the world allocate millions of dollars annually to their
advertising budgets. Of course, when starting from a garage,
basement or kitchen table, you can't quite match their marketing
efforts - at least not in the beginning. But there is a
way you can approximate their maneuvers without actually
spending their kind of money. And that's through "P.I."
Advertising.
"P.I." stands for per inquiry. This is a kind of advertising
most generally associated with broadcasting, where you pay
only for the responses you get to your advertising message.
It's very popular - somewhat akin to bartering - and is
used by many more advertisers than most people realize.
The advantages of PI Advertising are all in favor of the
advertiser because with this kind of an advertising arrangement,
you pay only for the results the advertising produces.
To get in on this "free" advertising, start with a loose
leaf notebook, and about 100 sheets of filler paper. Next,
either visit your public library and start poring through
the Broadcast Yearbook on radio stations in the U.S., or
the Standard Rate and Data Services Directory on Spot Radio.
Both these publications will give you just about all the
information you could ever want about licensed stations.
An easier way might be to call or visit one of your local
radio stations, and ask to borrow (and take home with you)
their current copy of either of these volumes. To purchase
them outright will cost $50 to $75.
Once you have a copy of either of these publications, select
the state or states you want to work first. It's generally
best to begin in your home state and work outward from there.
If you have a money-making manual, you might want to start
first with those states reporting the most unemployment.
Use some old fashioned common sense. Who are the people
most likely to be interested in your offer, and where are
the largest concentrations of these people? You wouldn't
attempt to sell windshield deice canisters in Florida, or
suntan lotion in Minnesota during the winter months, would
you?
At any rate, once you've got your beginning "target" area
decided upon, go through the radio listings for the cities
and towns in that area, and jot down in your notebook the
names of the general managers, the station call letters,
and the addresses. Be sure to list the telephone numbers
as well.
On your first try, list only one radio station per city.
Pick out the station people most interested in your product
would be listening to. This can be determined by the programming
description contained within the data block about the station
in the Broad casting Yearbook or the SRDS Directory.
Let's say that you're listed 250 different radio stations.
It's best to list the stations you want to contact alphabetically
by the city or town they're licensed to serve, with a tab
separating each state. The next step is either a phone call
or a letter to the station manager of each of the stations.
This first contact should be in the way of introducing
yourself, and inquiring if they would consider a PI Advertising
campaign. You tell the station manager that you have a product
you feel will sell very well in his market, and would like
to test it before going ahead with a paid advertising program.
You must quickly point out that your product sells for,
say $5, and that during this test, you would allow him 50%
of that for each response his station pulls for you. Explain
that you handle everything for him: the writing of the commercials,
all accounting and bookkeeping, plus any refunds or complaints
that come in. In other words, all he has to do is schedule
your commercials on his log, and give them his "best shot."
When the responses come in, he counts them, and forwards
them on to you for fulfillment. You make out a check for
payment to him, and everybody is happy.
If you've contacted him by phone, and he agrees to look
over your material, tell him thank you and promise to get
a complete "package" in the mail to him immediately. Then
do just that. Write a short cover letter, place it on top
of your "ready-to-go" PI Advertising Package, and get it
in the mail to him without delay.
If you're turned down, and he is not interested in "taking
on" any PI Advertising, just tell him thanks, make a notation
in your notebook by his name, and go on to your next call.
Contacting these people by phone is by far the quickest,
least expensive and most productive method of "exploring"
for those stations willing to consider your PI proposal.
In some cases though, circumstances will deem it to be less
expensive to make this initial contact by letter or postcard.
In that case, simply address your card or letter to the
person you are trying to contact. Your letter should be
positive in tone, straight-forward and complete. Present
all the details in logical order on one page, perfectly
typed on letterhead paper, and sent in a letterhead envelope.
(Rubber-stamped letterheads just won't get past a first
glance.) Ideally, you should include a self-addressed and
stamped postcard with spaces for positive or negative check
marks in answer to your questions: Will you or won't you
look over my materials and consider a mutually profitable
"Per Inquiry" advertising campaign on your station?
Once you have an agreement from your contact at the radio
station that they will look over your materials and give
serious consideration for a PI program, move quickly, getting
your cover letter and package off by First Class mail, perhaps
even Special Delivery.
What this means is that at the same time you organize your
"radio station note book," you'll also want to organize
your advertising package. Have it all put together and ready
to mail just as soon as you have a positive response. Don't
allow time for that interest in your program to cool down.
You'll need a follow-up letter. Write one to fit all situations;
have 250 copies printed, and then when you're ready to send
out a package, all you'll have to do is fill in the business
salutation and sign it. If you spoke of different arrangements
or a specific matter was discussed in your initial contact,
however, type a different letter incorporating comments
or answers to the points discussed. This personal touch
won't take long, and could pay dividends!
You'll also need at least two thirty-second commercials
and two sixty-second commercials. You could write these
up, and have 250 copies printed and organized as a part
of your PI Advertising Package.
You should also have some sort of advertising contract
written up, detailing everything about your program, and
how everything is to be handled; how and when payment to
the radio station is to be made, plus special paragraphs
relative to refunds, complaints, and liabilities. All this
can be very quickly written up and printed in lots of 250
or more on carbonless multi-part snap-out business forms.
Finally, you should include a self-addressed and stamped
postcard the radio station can use to let you know that
they are going to use your PI Advertising program, when
they will start running your commercials on the air, and
how often, and during which time periods. Again, you simply
type out the wording in the form you want to use on these
"reply postcards," and have copies printed for your use
in these mailings.
To review this program: Your first step is the initial
contact after searching through the SRDS or Broadcasting
Yearbook. Actual contact with the stations is by phone or
mail. When turned down, simply say thanks, and go on to
the next station on your list. For those who want to know
more about your proposal, you immediately get a PI Advertising
Package off to them via the fastest way possible. Don't
let the interest wane.
Your Advertising Package should contain the following:
- Cover letter
- Sample brochure, product literature
- Thirty-second and sixty-second commercials
- PI Advertising Contract
- Self-addressed, stamped postcard for station acknowledgment
and acceptance of your program.
Before you ask why you need an acknowledgment postcard
when you have already given them a contract, remember that
everything about business changes from day to day - conditions
change, people get busy, and other things come up. The station
manager may sign a contract with your advertising to begin
the 1st of March. The contract is signed on the 1st of January,
but when March 1 rolls around, he may have forgotten, been
replaced, or even decided against running your program.
A lot of paper seemingly "covering all the minute details"
can be very impressive to many radio station managers, and
convince them that your company is a good one to do business
with.
Let's say that right now you're impatient to get started
with your own PI Advertising campaign. Before you "jump
off the deep end," remember this: Radio station people are
just as professional and dedicated as anyone else in business
- even more so in some instances - so be sure you have a
product or service that lends itself well to selling via
the radio inquiry system.
Anything can be sold, and sold easily with any method you
decide upon, providing you present it from the right angle.
"Hello out there! Who wants to buy a mailing list for 10
cents a thousand names?" wouldn't even be allowed on the
air. However, if you have the addresses of the top 100 movie
stars, and you put together an idea enabling the people
to write to them direct, you might have a winner, and sell
a lot of mailing lists of the stars.
At the bottom line, a lot is riding on the content of your
commercial - the benefits you suggest to the listener, and
how easy it is for him to enjoy those benefits. For in stance,
if you have a new book on how to find jobs when there aren't
any jobs: You want to talk to people who are desperately
searching for employment. You have to appeal to them in
words that not only "perk up" their ears, but cause them
to feel that whatever it is that you're offering will solve
their problems. It's the product, and in the writing of
the advertising message about that product are going to
bring in those responses.
Radio station managers are sales people, and sales people
the world over will be sold on your idea if you put your
selling package together properly. And if the responses
come in to your first offer, you have set yourself up for
an entire series of successes. Success has a "ripple effect,"
but you have to start on that first one. |