Marketing and Advertising are two terms most small business owners interchange. They don't really understand the difference, and it does make a big difference to your business.
The cost of creating a cool website today really isn't much when you look at the overall cost of running a business. Better yet, the cost of advertising online and putting your business name and logo in front of millions of people every day is now possible for less than 1 seconds worth of the time a Super Bowl ad runs.
So why do companies run Super Bowl ads? For Budweiser the answer is simple. The Super Bowl ads have moved from advertising to marketing. Their customers expect it and for them the return is measurable. Most of the rest of the companies are just advertising, plain and simple.
Advertising is simply getting your name in front of people with the "hope" that they remember who you are at the right time. The real truth is the brain doesn't quite work that way. We are much more abstract than that. If I ran an ad for Scotts' Best Chocolates often enough, the most likely thing that will happen is people will want chocolate and then buy their favorite chocolate, or the best packaged chocolate on the shelf when they decide to buy.
For most small businesses, advertising is a waste of time. You advertise because everyone else is and you feel like you have too. Well the truth is you don't. It is possible to do very little advertising and a lot of marketing and do just fine.
So what is the difference between Marketing and Advertising?
Marketing is the act of reaching customers who have entered the sales funnel for your product. If you advertise often enough and consistently enough, you might start getting people in your sales funnel.
This method works for local service companies like auto repair, insurance and real estate agents. The expense of doing it is why many people in those industries fail. The trick is to Someone else's advertising might have done it and you don't care. The small business owners mission as it pertains to marketing is simply to be in front of them in some form when they are ready to buy.
When long term advertising turns into marketing, competition is effectively locked out, so it is important to start a small and consistent ad campaign
Marketing and Sales go hand in hand. Their combined purpose is to get your product or service in the hands of your customer and the customers money in your bank account. Plain and simple. Every step of a sales funnel is geared this way, and every "Ad" used in marketing should be geared this way.
Small business owners have a love hate relationship with a little split test we do. A split test is where you create two chains of events and change just one thing to see what happens. The thing I like to change is the website. If they have a super fancy website with lots of flash graphics and video, the owners are like a proud papa, and love showing it off.
Over the years I have had to tone down my approach because being "right" doesn't always get me more customers. Early on I would proudly bet the customer I could improve internet presence and marketing performance with a more simple website. I don't mean plain, boring, I just mean more simple. Then I would run the exact same ads, and link them to the two sites, each with a different phone number to see how many calls we get. After all as a marketer for a service business, all I can do is get them to call. The last step of the sales funnel is up to you to get them in the door with their wallets open.
Lately, I have had to really back off the presentation and directness of my approach. Business owners don't like to be shown they are wrong, they want to learn a better way. Learning takes time, and it has taken me several years to understand that. I have always felt that as their marketing consultant, my job was to give them the best bang for the buck period. It turns out that isn't what any business owner really wants.
These days my approach is very different and much more effective at catching and keeping new clients. The end result is the same, it just takes longer and yet customers are happier because they truly understand. Many times they end up telling me the right things to do just from observing the changes we make for them online and what happens with those changes.
The back end of my approach is still the same. After understanding the client and their customers, I build a target schema. I then gently try to work a little more of the target into the marketing instead of letting them run shotgun style all over the place. Over time, it becomes obvious what the business is really good at and what the customers really want from them.
The entire mission of small business marketing, or any business marketing for that matter is about connecting with potential new clients, staying connected with current clients and re-connecting with old clients. Being cool online is just being cool, and doing both is expensive.