Archive for June, 2010

Real Estate Steps Up Local Advertising Campaigns On Many Fronts

Friday, June 25th, 2010

One industry that is targeting local advertising these days is real estate. It is no longer a matter of listing your house for sale in the local newspaper every day and twice on Sunday and typing a balloon on the yard sign. Instead, the local advertising blitz in the housing marketing is helping to bring more exposure to the many homes in the suffering housing market that needs as much local exposure as it can get.

One Austin real estate firm, for example, is jumping on the trend of local advertising in multiple genres. It caters to its potential customers with a guarantee of running ads for the home in the Austin Multiple Listing Service (MLS), local newspapers, creating color brochures and home buyers guides, an email marketing campaign and direct mail marketing. They are also listing locally on more than a dozen Internet marketing sites.

This has become a growing trend in both commercial and residential real estate. A sign in the yard and an MLS listing are no longer the norm, but the bare minimum. The residential real estate company, like many others, now routinely features open houses and stages virtual tours for those trying to sell their homes as quickly as possible. Because the housing market was suffering, the company was able to boost local sales by doing a full advertising campaign for each home. Now that things are picking up, the trend continues.

New Online Video Series for Local Marketers & Advertisers

Wednesday, June 16th, 2010

Ad-ology Research announced recently at the 8th annual International Economic Gardening Conference the launching of a new educational web series designed to help local marketers understand and take advantage of market research. LocalMarketResearch.com and its companion video briefing, Local Marketing Minute, feature trends, predictions and opportunities specific to local business.

local advertising

C. Lee Smith, the president and CEO of Ad-ology Research said, “Not every brand is global or national, in fact, many businesses are truly local and get most of their sales from customers who are physically nearby, and these types of businesses often face unique marketing challenges and need specialized research to help them be successful.”

Twice a month, the Local Marketing Minute video installment will focus on a specific topic and how small business owners and marketers can approach the issue. Despite the fact that so many marketing blogs and podcasts currently focus on internet advertising, a majority of the topics relate more to large corporations and the strategies of well-known, successful companies. Now, small or local businesses can gain more detailed and tailor-made insights on how to better their business.

Like many regular company video updates or podcasts, anyone can purchase the briefings through iTunes.

Billboard Advertising Is Worth Its Weight In Gold

Friday, June 11th, 2010

Do you think billboard advertising doesn’t attract enough attention? Think again. Science World in Vancouver, BC has a new ad worth its weight in gold. The new outdoor advertising campaign by Science World spotlights the Treasure! exhibit that shares the lore of lost gold from pirates, shipwrecks and fortune hunters. It opened in May. The 200-square-foot billboard is covered in gold. Two ounces were flattened out into thin sheets and then installed for a 2-day guarded stay on a busy Vancouver road. The sign reads: “2 oz. of gold can cover a billboard.”

While it may seem a curious approach to the typical local advertiser, the $11,000 sign is doing its job. Targeted for local advertising efforts, it has now gotten international notoriety with its use of gold leaf. The sign has since been moved as planned into the Science World building and is on display until September.

Another billboard in Vancouver was recently covered in fake diamonds by the same advertising agency to announce its message and pique travelers’ curiosity. While most outdoor advertising is not as eye-catching, it does market to a broad audience and can get results. Billboards are a unique venue for advertisers that want to think outside the box. It doesn’t have to be a simple black-and-white text message or even a graphic design. It can be used to attract attention when used as a creative platform to promote your local business. You don’t need diamonds or gold to do it, just a vivid imagination, skilled fabricator and great location to reach your audience.

Image courtesy of Science World

Print Newspapers Diversify, Show Creativity

Friday, June 4th, 2010

It is no secret that many print newspapers are struggling as online news becomes more and more popular. The convenience of the Internet has driven print media to be more competitive not only with each other, but other types of media as well. Newspaper publishers must stay up with technology and reader demand if they wish to continue to be a driving force in their communities. They are doing this in a variety of ways. Some are actively involved in social media both as a user and offering the services to clients. Another avenue is the use of online subscriptions, which target local readers as well as people around the country – and the world – who have an interest in the comings and goings of the hometown newspaper. One of the newest strategies is the use of directed local advertising.

For example, one newspaper in Virginia is now offering precision ads to its print advertisers to step up their local advertising campaign. The Virginian-Pilot newspaper serves a handful of cities in Southeastern Virginia. The advertisers may select which city or neighborhood receives their ads by designating the zip codes they want to target. A dry-cleaning business in one city can place ads that will only go to their potential customers, rather than appearing in a print edition for someone that lives an hour away. This reduces the amount of money the advertisers are spending compared to those targeting the entire readership area.

At a glance, this might seem counterproductive to the newspaper, but with a second look, it does make sense. It is more affordable for the small business owner that would otherwise not advertise at all. This works for the local company, because only a certain target area of zip code residents will be interested in the advertisement for the service in the first place. It works for the newspaper, because receiving a piece of the advertising budget is better than receiving none of the advertising budget. This becomes a win-win for the both newspaper and the advertiser.