One of the biggest challenges facing everyone who wishes to own a dollar store is exactly how to build store sales without going broke in the process. While there are many fairly costly options, few low-cost options seem like they would be worth the time and expense to implement. After all, what good does it do to spend hundreds or even thousands of dollars on advertising and marketing if the results dont grow dollar store profits beyond the costs involved? Well there are some proven ultra-low cost marketing options that do get results. If youd like to know more, then read on. In this article I present 5 proven low-cost marketing strategies when you own a dollar store.
Strategy #1 Join a local business group. If you own a dollar store youll discover networking with other local business owners and managers can provide rewards beyond your wildest dreams. Sure it takes time to attend meetings and you must be willing to mingle and get to know others, but the results can be remarkable. Join only one group to start. As you become familiar with that groups participants you might add another business group to the mix.
Strategy #2 Establish a marketing exchange with local businesses. Get out there and meet your neighboring business owners. Once again a little time is required. However as you introduce yourself and exchange business cards youll soon meet others who also desire to build their businesses. Work out an exchange where each business helps the other by providing flyers or other promotional materials. Youll gain new shoppers, sales and dollar store profits.
Strategy #3 Turn you employees into sign-holders during slow times. One of the biggest challenges for those who own a dollar store is staffing at the right levels. Why not add a marketing activity so employees can help you build sales and dollar store profits during slow times? Have an inexpensive sign made for your business and let an employee hold that sign so it can be seen by passing traffic. Youll quickly have a store filled with first-time shoppers. Be sure to check local ordinances to make sure this can be done in your locality before you start.
Strategy #4 Establish discount programs for near-by churches. This idea costs little more than time unless the churches choose to take advantage of the discount offer. For churches with food closets and other aid for those in-need, now is a time for most when theres huge demand and fewer contributions. Churches will likely be looking for grocery items and everyday consumables first. Imagine the traffic when your generosity is announced during a service.
Strategy #5 Add upcoming sale inserts into t-shirt bags used to package all sales. Save your advertising dollars by publicizing upcoming events on inserts you place in bags customers receive with their purchases. While some advertising and promotion is still advisable, this strategy can reduce your total cost and will still generate the traffic, sales and dollar store profits you seek when you own a dollar store.
To your dollar store success!
In terms of efficiency, the advertising industry is now starting to rise out of its century-long infancy. The new era of innovative advertising can be called as the new Wanamaker era. John Wanamaker was a devoutly Christian merchant from Philadelphia, who in the 1870s not only invented department stores and price tags but also became the first modern advertiser. He was the first advertiser who bought space in newspapers to promote his chain of stores. He brought a much needed revolution in the advertising world. A few years ago, when the Internet hit the market, advertising industry got a new medium. And soon whole advertising world was taken by storm in capitalising on this media.
According to a recent advertising industry survey, it was revealed that Internet advertising will be generating $428 billion revenues this year. This is a whooping amount in comparison to the last years $220 billion. It has been now proved that approximately 21 percent of Internet users consider online advertising to be the most relevant advertising system. Internet advertising has overtaken other traditional advertising media such as newspapers, magazines, and radio.
With new platforms for advertising evolving on a continual basis, it can be complicated to choose the right medium. By having a solid understanding of certain aspects of Internet advertising, companies can find the right media mix that works. To achieve success in Internet advertising, you ought to have a clear knowledge of the basics of Internet functioning. Additionally, you should try to understand that some media can work for you better than others depending on your type of customers and the products you offer. Internet advertising would work wonders if your customer base can be from any part of the world and transaction can be handled well over the Internet. It also works well with certain types of products and services and also depends on certain regions. While Internet advertising can directly relate to sales, it can have huge effectiveness on exercises of brand awareness, recognition and networking.
Majority business owners worldwide know that the Internet has now become an essential tool when it comes to running their businesses successfully. However, you should also understand the role played by the Internet in the lives of their customers. You should be capable to locate people who are using the Internet; their key interests in the time spend on the Internet and their preferences to purchase products and services on a daily basis.
Business owners now have got various ways and websites to advertise about their company and offered products and services. exchange4media is a leading company that supports and specialises in providing services related to Internet advertising. exchange4media is a single stop information platform for Internet based advertising providing the latest news, views, analytical information, and in depth analysis of events. For updated news about Internet advertising, marketing and advertising, or Indian advertising agencies visit www.exchange4media.com.
Pay per click advertising has become more difficult than it has been in the past, but you can approach it in two ways. One way is for you to give it up completely and miss out a golden opportunity. The other way is to master it well to your advantage while everyone else is still complaining about it being so difficult.
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PPC Advertising and Internet Marketing
I see pay per click advertising and internet marketing will get even more popular as time goes by. After all, where on earth can you find the capability to offer your business products to hundreds of million prospective customers within 15 minutes at a little cost? Well -a little cost’ may be a bit exaggerated, but then again which other business offers you free advertising to a really targeted market?
Getting A Huge Keyword Listing
Having a massive number of keywords is a pre-requisite to your success in PPC advertising. Having said that, don’t feel elated and fabulous about this and do nothing. Remember it is better to have a few great super performing keywords than a big list of keywords that do nothing for you.
What you can and should be doing with this huge keyword list is to monitor and find out which ones are getting impressions and generating a good click-through-rate history for your campaign. Then trim your list by getting rid of useless keywords not benefiting you. This eventually improves your overall quality score determined by Google, which is essential for good advertising campaign management and ultimately how profitable your business becomes.
Make Your Title Captivating
Don’t believe what you read about completing your advertising campaign in Google Adwords within five minutes. Theoretically, this may be done, but then, what is the benefit of rushing to complete it in such a record time. You should spend whatever time required to make it good. The title or headline you choose, is extremely important and should attract and convince the web surfer to want to read your full text which will then lead them to your landing page. Remember that there are other advertisers just like you promoting similar products or services. Your title has to be more unique and captivating than what they have to offer. A good approach would be to do a random search in Google to see how they are advertising so you can outsmart them.
Some Proven Techniques To be Considered.
Start your ads with words like -How to-, or -Here’s -.-
Ask a question in your title like -Want To Make $100,000 Per Month?-
Do a jerk like – Don’t Join Our Program-
Have a keyword in your title so that Google bolds this word
Indicating Price Tag
There is no golden rule whether to put the price of your product or service in your advertisement text. However, what is more important is knowing what circumstances require your actions for inclusion or exclusion. If you are selling LCD monitor for $200 and your competitor is selling the same product for $170, do not include the price in your advertisement.
If you find a high click-through-rates without much sales conversions it may be an indication of untargeted traffic. It would be wise to change your text to include the product price. You can also remove words in text which influence people to click freely. Words include try, download, free and sale among others.
Monitor and Change
Often, people have the wrong impression that you can create an adword campaign and check on it once or twice to see if an adgroup (you should have a few in a campaign) is profitable. If it is, leave it to continue making money. If not just delete it. Unfortunately this may not be the best approach and may not only hurt your advertising campaigns, it may result in you loosing faith in pay per click advertising – for the wrong reasons.
You definitely need to monitor all your pay per click campaigns closely daily even if they are already profitable and be ready to adjust your settings accordingly. In this way, you can be sure that your profitable keywords are always displaying on the first results page of the search engine. This would ensure you have a high conversion rate which puts your make money through pay per click advertising efforts on track to a successful internet marketing business.
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Internet Advertising in Russia
It is a known fact that the number of internet users is growing very fast and if you need to market your products in Russia, you cannot afford to neglect Russian websites. Advertising your products on Russian websites is as much important as advertising on television or radio. As more and more people search for products and services online, internet advertising in Russia has become significant. There are various ways through which internet advertising is possible, each of them is briefed below:-
Internet Promotion Site in Russia
To promote a product or service in Russia, a creative and animated banner is designed and placed on popular and relevant Russian websites, so that the internet users view it and are attracted to buy your product or service.
Website Promotion in Russian Search Engines
If you really want to beat your competitors and establish your reputation in Russian market, then it becomes necessary to promote your website in Russian search engines. Promoting your website in yandex.ru can prove to be quite beneficial for you as it is the leader amongst all search engines used by Russian internet users. To get your website to rank on top position in Russian search engines, you need to avail SEO services in Russia.
Social Networking in Russia
Making your products popular in social networking websites in Russia can grab the attention of many internet users as the use of Russian social networking websites has increased a lot these days. There is no doubt about it that social networking is one of the greatest internet marketing tool in Russia as there is something for everyone, age, religion, profession etc., doesnt matter.
So, now you know that how important is advertising on Russian internet. You products and services get popularity all over Russia, no matter whether it is Moscow or Vladivostok. If you are opting for mass transit advertising in Moscow, only the people in Moscow will be able to view your advertisement. But, if you are advertising on a Russian website, people all over Russia can view your advertisement and can opt to be your customer. Thus, internet advertising in Russia is very cost-effective and quick way of advertising products and services in Russia. For more information on internet advertising in Russia, visit http://www.russia-promo.com.