nk400 started this topic @ 18:13 on 01/11/2004
Any advice appreciated:
I am looking at advertising in national press with some cheap rate advertising they are running at the moment. Various publications ranging from 400,000 to 1000,000 readership.
I realise this is going to depend on so many factors, but does anyone have a good idea of what average response rates are for the national press (or any other printed media)?
I basically have no clue what to expect and obviously do not want to spend out on a 'tets' campaign only to have it fail abysmally.
Thanks a lot
RE: Print Advertising Response Rates
nickc | 17/11/2004 11:16 AM
I don't have experience of national campaigns but advertising in the local press has not produced any business at all. I had better luck with direct mail. I have read that the best you can hope for is a return rate of 2%. I have attended several business seminars recently and they all seemed to agree that advertising in print is a waste of money. Hope this helps.
Nick
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RE: RE: Print Advertising Response Rates
waparesult | 17/11/2004 01:31 PM
I have done some printed adverts recently, in football programmes, and am starting some for the christmas period.
To date I am looking at a 1% uptake, and that is how I now budget my ad spend.
i.e. readership of 100000, take up of 1% or 1000 average profit per customer £6 need to make 400% from advert therefore advert should cost me no more than £1200 as a rough giuide
Hope this helps?
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Martin Hunt
RE: RE: Print Advertising Response Rates
hellier0898 | 17/11/2004 03:33 PM
Hi Martin,
You might want to look at online 'Pay Per Click' advertising such as Google Adwords, and Overture (which powers the first results on Wanadoo, MSN Uk, MSN Uk, Lycos Uk and others).
You bid on the search terms you wish to be found under, and are only charged when someone clicks on your link.
If the bid price is 10p and one in twenty visitors makes purchase, then the sale has cost you £2
Next look at your average sales order value on the site (lets say £25), then it has cost you £2 to acheive a £25 sale.
Hope this helps.
Martin
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RE: RE: Print Advertising Response Rates
waparesult | 17/11/2004 04:28 PM
Martin,
Thanks, I do use google as well, and my sales there are a lot less, my click rate is 4% (type bouncebackability into google and you will see I am the only 1, I also do others) but my purchase rate has only been 1 sale, therefore printed media is currently my best line of revenue.
Google and other search engines will take off as I get more established on them.
My current budget is £800 per month both on printed and internet marketing, printed media is winning at the moment but I expect that to change overtime, This venture has only been running for 8 weeks.
To give you an idea, I advertised in a plymouth argyle programme (please don't hiss they are my local team) 1st advert £200+VAT, on the back of it sold 2 football doormats and 15 plymouth football shirts, not profit making but a definite result, second advert 28 shirts couple of doormats 2 football tables and some odds and ends into profit, and so on.
8 weeks on Google, 13600 clickthroughs 1 sale. £500 spent..
Hope that helps anyone.
Cheers
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Martin Hunt
RE: Print Advertising Response Rates
Alex Bellinger | 17/11/2004 04:26 PM
The % return figures quoted seem about right to me - 1 to 1.5% conversion is a good benchmark.
I'll admit a vested interest, but you might also want to consider raising your business profile through PR activity aimed at the print media. Your previous post suggests you're in the financial services field. I might be able to provide some support in this area, having worked for A&L, RBS and HSBC promoting personal finance, small business and commercial products and services.
Happy to discuss if you're interested.
Best wishes
Alex
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RE: Print Advertising Response Rates
Simon@byrnemedia.co.uk | 18/11/2004 04:43 PM
I am a media planner and buyer and advise on where, when and how to advertise in mainstream media - press, tv, radio etc.
I would be happy to discuss this if you want to email direct...do not fear we do not charge. We make money formt he media owvers if you do run any advertising.
Unless you say what you do and what you are advertising it is v hard to calculate the cost efficiency!
Simon