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Peter A Burkhard (407) 895-3092 peter@burkhardworks.com |
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True West launches promos for 55-acre LV Ranch Estates
just outside Prescott, AZ. KFMB-AM San Diego targets tax-hammered Californians who want to get
Out! Out!; KFYI-AM
and KFNX-AM in Phoenix go after native
Arizonans looking for that
Perfect Place. Dinovite breaks six new :60s in Sirius XM:
Hairballs.
Clumps.
Happy Vets.
The Bomb.
Vacuum.
Canned Heat.
New spots for
Sutra Max roar in test. (Yeah, I've been busy.) |
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To apply these tools to your own efforts, send for my free "Planning For Profitable Radio Advertising" Excel workbook. Plug in a few numbers. Answer a few simple questions. You'll be well on your way to earning a fine return on your investment in brand image, 1-800, click-to, or retail radio. |
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Who Wants Your Thing? Reps tell you that radio is a frequency medium, but it's really a loyalty medium. Local stations target and hold small slivers of the local market. Networks such as ABC and Premiere deliver small slivers of the national market. Your first task is to define your best prospects in terms of gender, age, and a few other qualities that help us select your best stations, programs, and networks. How Will You Close The Sale? In Radio, Conversion is King. A good ad can open the minds of Impulse Shoppers. Your website, in-bound telemarketers, retail sales staff or package design have to close the sale. Long-term profits come from happy repeat customers, but short-term revenues depend more on conversion rates than on any other metric. Don't expect me-too radio to save a me-too website. It won't. What's Your Brand Promise? All purchase decisions are driven by emotions and then rationalized by facts. Bullet-points alone will bounce off most people's heads. You can derive a solid Brand Promise from honest answers to my Seven Easy Questions. How Much Does Radio Cost? Radio spots are priced like airline tickets. Everyone pays a different rate based on day, day part, tonnage, and negotiation. Creative & production costs are extra. (Most local spots are written by reps and voiced by the same announcers who read everybody's bullet points.) A better question is, "How much does a radio sale cost?" Media Cost Per Sale is a function of three dynamic variables: response rate, cpm, and conversion rates. MCPS must be an acceptable percentage of incremental upfront plus expected downstream revenues. Spot costs can always be negotiated and are, at best, only one third of the equation. |
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Absolutely! Send for my free Planner. Fill it out. Or, click to the Advanced Concepts of Radio page, open and print all 18 articles, read each one twice. You'll know 80% of what you need to know to achieve profitability in radio advertising. Have at it! If and when you need the other 20%, do what you want your own best prospects to do. Pick up the phone. (407) 895-3092. |
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| Peter A Burkhard (407) 895-3092 peter@burkhardworks.com | |||||||||||||||||||||||||||||||||||||||||||||
![]() You can always do it Cheaper. You can always do it Over. Which would you prefer? Updated May 4, 2009 © Peter A. Burkhard |
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