A Simple, Proven & Powerful Local Business
Advertising Tactic
What’s the most effective advertising for independent small
businesses in TnT?
As a small business owner in Trinbago you must have asked
this question, or something similar, over and over. This is a question that is constantly on the
minds of thousands of small business owners in Trinidad and Tobago. It may come more frequently in anticipation of
the upcoming holiday season; it is, however, a perpetual question.
There are really only a few options available to the low
budget, local small business owner. If
you have operated in Trinbago for any time, you already know how you advertise
in Trinidad, there are limited options, they are:
·
Flyers:
Distributed to the local community.
Typically produces a 1 - 3 percent response rate. It means that 1000 flyers would produce
between 10 and 30 responses, not sales.
·
Newspapers: There are the dailies and the weekly that all
cater to a national audience. This has
worked to extend the reach of many local businesses. It is much better for big ticket items, such
as; automobiles, large appliances, industrial products and services. Unfortunately,
for locally based small businesses, the only affordable option, in the
newspaper, is the classified section.
·
Radio and
Television: Both these mediums are
national and rely on frequency to generate conversions. These mediums are also best suited to big
ticket items or in instances where there is a large inventory of a drastically
discounted small item. They both come
with an unsustainable high advertising budget.
That’s it; after that business owners must rely on word of
mouth. It makes no sense for small local
clothing stores, shoe stores, appliances, accessory stores or similar small
businesses to consistently advertise in the national media.
At best, the small
business owner who advertises on the radio, TV or newspaper, do so sporadically
or seasonally, both very ineffective in establishing top-of-mind awareness. Ads in these mediums may cause a spike in
sales but the real, inevitable risk is the possibility that the investment may
not breakeven.
What results are small
business owners seeking?
In three words you want “more sales revenue”. You
need more of your regular customers buying more frequently, more prospective
customers, more sales. The only way that
will possibly happen is to advertise more; not less. Nothing happens when
nothing is done.
As a small business, if you don’t advertise you will eventually
die. Revenue is what keeps you going, if
you don’t invest in advertising your revenue will stagnate or worse you will
need additional investments.
What you really need is a systematic inexpensive way to get local
top of mind awareness. “ Local” may be
national for most big ticket items and rare services but for small
independently owned local businesses; it means the city and area in which the business
exists.
For small business owners, every penny counts. They need to know that when they spend money
on advertising, it works. Most cannot
afford to take out ads in national newspapers, radio and television; many turn
to distributing flyers. That experience
is short lived because of the returns on investment in copying and
distribution.
There is another way.
It is a bit of a strange concept to small business owners in Trinidad
& Tobago’s independently owned small businesses community. This type of advertising is dominated by the
large business that can afford the cost of designing printing, and distributing
coupons. This is a sure way to get your
business in the hands of the most unlikely prospect. Big business use it because it consistently
provides a return on their advertising investment.
Soon this simple, powerful advertising strategy will be
offered to local merchants in Trinidad and Tobago. It’s presently in prelaunch and promises to
change the advertising landscape for a select few independently owned local
merchants.
Find out more about this soon to be released advertising
strategy in Trinidad and Tobago. Clickhere
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