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Tuesday, October 2  

Why Spend $2,000 On An Ad........


.........if you don't want the calls that come in from that ad?
  • My garage door opener has broken.
  • I did a search online to find a garage door opener repairer but had no luck.
  • I went to the Yellow Pages phone book.
  • I looked at the ads.
  • I found a repairer to call.
  • I called him.
  • He promised someone would call me back this morning to arrange a time to come and fix the opener.
  • It's 12.37 pm.
  • No one has called.
This guy's ad would have cost him at least $2,000. He would have made, at a guess, $100 off me.

Business Is Hard, Get Your Processes Right

Business is hard. If you're missing deadlines and/or commitments you need to review your processes to see how you can get better.

It's not a great idea to spend $2,000 on an ad and then ignore the leads that come in. $2,000 is a lot of money and would be much better in your pocket than some huge corporation.

Cheers

Brendon

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[ comments ]

Interesting. especially because the example was about garage door openers. back when I was selling GPS tracking systems for businesses one of my standard benefit claims was always, "you can make more service calls per day" and thus more happy customers and more profit. Talking with the business owner he allowed that a blown "cold call" like yours would cost him maybe $200USD. He also estimated such missed opportunities happened once every month or so. That's a minimum of $1200 a year if my math serves me. The tracking system ... which he opted not to buy because it "cost too much" would have cost him a total of $40 a month ... almost $800 clear a year by _his_ numbers, not mine ...perhaps the agencies that license businesses should impose a 4th grade math test as a prerequisite?

It's not what a piece of equipment or an ad or a website _costs_ it's the ROI you get from it. If you do nothing with it, you'll for sure get nothing back.
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