Home Advertising 101: Exploiting the Information Gap
News and Views

Advertising 101: Exploiting the Information Gap

AFP

marketingYou are setting up advertising for your business. Seems simple. You have a budget, and you know what you need. TV, radio, print, maybe some Facebook and Google. Then it hits you: I know that I need advertising, I know how much I have to spend, but I have no clue as to what will work for me.

You let this slip to the first ad rep. (Sorry, they call themselves account executives.) Not surprisingly, the person on the other side of the table has a ready solution.

Spend it all with me, and I’ll help you get what you need.

You’re soon bedazzled with an array of numbers that make no sense to you, but sound quite impressive. Unique readers here, market share there, impressions. Numbers don’t lie, right?

Maybe not, but they can be made to serve a nice story that may or may not be true.

Ad reps, account executives, whatever you call them, are not there to actually help you do anything other than spend your money with them. That’s not an indictment, just the facts. They know that you don’t know how many actual readers or viewers or listeners they have, and how that relates to how many readers or viewers or listeners the competition has, and how much it costs to advertise through one medium versus another, and how to compare and contrast across the platforms.

You don’t do this, advertising, marketing, for a living. They do, and that’s where they’ve got you.

A business launching an advertising strategy without knowing all the particulars as to what the numbers mean is like a general going to war without a map.

Column by Chris Graham, president of Augusta Free Press LLC. AFP works with clients to develop broad-based advertising and marketing strategies. Contact us today at [email protected]. More information on Augusta Free Press services, including website design, graphic design and video production, is online at www.AFPBusiness.com.

 

 
 




Featured Video

 

AFP

AFP

Have a guest column, letter to the editor, story idea or a news tip? Email editor Chris Graham at [email protected]. Subscribe to AFP podcasts on Apple Podcasts, Spotify, Pandora and YouTube. Support AFP by signing up for our newsletter and/or powering our work with a one-time or monthly contribution.

Latest News

vdot road
Local

VDOT: Local road work, maintenance on the schedule for Oct. 26-30

college basketball
Basketball

JMU rallies to force OT, but VCU pulls out win, 92-87, in preseason contest

JMU rallied from 10 down in the final 3:56 to force OT, but VCU’s Blake Harper poured in 11 of his game-high 30 points in the extra period to help the Rams to a 92-87 win over the Dukes on Sunday in a preseason contest at the Siegel Center.

kyle guy
Basketball, Go 'Hoos

UVA Basketball: Catching up with Kyle Guy, back playing overseas after coaching gig

Indiana native Kyle Guy helped the UVA Basketball program win the NCAA title in 2019, and he was voted the Most Outstanding Player in the NCAA Tournament that year.

the mason family
Local

How you can help an Augusta County family get through a tough battle with cancer

charlottesville map
Local

Charlottesville Police investigating early morning shooting on 5th Street Extended

uva football beau pribula tony elliott mike ingalls
Football, Go 'Hoos

UVA Football: The deepest dive you will ever get to explain the issues at QB

AI-driven test AI artificial intelligence business workplace automation
Politics, Virginia

Spanberger lays out framework for state AI plan, chides Trump for inaction