The greatest
expense you're going to incur in conducting a successful business is with
advertising. You backbone of business. Of course, when starting a home
business from a garage, basement, or kitchen
table, you can't quite
match the advertising efforts huge corporations - at least not in
the beginning. But there is a way you can approximate their maneuvers without
actually spending their kind of money. The secret is known as P.I.
Advertising.
P.I. stands for "Per Inquiry,"
and is a method of advertising most generally
associated with radio broadcasting.
You pay only for the responses you receive
from your advertising message.
The method is somewhat akin to bartering, and
is probably used by many more
advertisers than you realize. The advantages of
P.I. advertising are all in
favor of the advertiser. There is no risk in placing P.I.
advertising, and by using
this kind of an advertising arrangement you pay only for
the results the ads produce.
To get in on this free advertising,
start with a loose leaf notebook and about 100
sheets of filler paper. Next,
visit your public library and start looking through the
Broadcast Yearbook on radio
stations in the U.S., or in the Standard Rate and
Data Services Directory (SRDS)
section on spot radio. Another method is to call
or visit one of your local
radio stations and ask to borrow (and take home with
you) their current copy of
either of these volumes. To purchase them outright will
cost about $100 each. Once
you have a copy of either of these publications,
select the state or states
you want to
HOW TO GET FREE RADIO
ADVERTISING
The greatest expense you're
going to incur in conducting a successful business is
with advertising. You must
advertise. Your business cannot grow and flourish
unless you present your product
or service to as many potential buyers as
possible. Advertising is the
life-blood of any profitable business. Regardless of
where or how you advertise,
it's generally going to cost you.
Successful businesses are built
upon their advertising programs. The top
companies in the world allocate
millions of dollars annually to their advertising
budgets. Hundreds of thousands
of dollars can be spent on a single, thirty second
television commercial. And
with reason. Consistent, memorable advertising
placed before a crowd of prospective
buyers will ultimately increase sales. Think
about it for a moment. During
the late evening hours when you are hungry, what
type of commercials appear
on television? Advertisements promoting fast-food
restaurants! A product placed
before a prospect in a timely fashion will always
generate more sales than a
product that has limited exposure. Advertising is the
backbone of business.
Of course, when starting a
home business from a garage, basement, or kitchen
table, you can't quite match
the advertising efforts of huge corporations - at least
not in the beginning. But
there is a way you can approximate their maneuvers
without actually spending
their kind of money. The secret is known as P.I.
Advertising.
P.I. stands for "Per Inquiry,"
and is a method of advertising most generally
associated with radio broadcasting.
You pay only for the responses you receive
from your advertising message.
The method is somewhat akin to bartering, and
is probably used by many more
advertisers than you realize. The advantages of
P.I. advertising are all in
favor of the advertiser. There is no risk in placing P.I.
advertising, and by using
this kind of an advertising arrangement you pay only for
the results the ads produce.
To get in on this free advertising,
start with a loose leaf notebook and about 100
sheets of filler paper. Next,
visit your public library and start looking through the
Broadcast Yearbook on radio
stations in the U.S., or in the Standard Rate and
Data Services Directory (SRDS)
section on spot radio. Another method is to call
or visit one of your local
radio stations and ask to borrow (and take home with
you) their current copy of
either of these volumes. To purchase them outright will
cost about $100 each. Once
you have a copy of either of these publications,
select the state or states
you want to work first. Both of these publications will give
you just about all the information
you will need to know about licensed radio
stations in your area.
It's generally best to begin
in your own state and work outward from there. If you
are promoting a money-making
manual, you might want to start first with those
states reporting the highest
rate of unemployment. Use some old fashioned
common sense. Who are the
people most likely to be interested in your offer, and
where are the largest concentrations
of these people? You wouldn't attempt to sell
windshield de-ice canisters
in Florida, or suntan lotion in Minnesota during the
winter months, would you?
Once you've identified your
first "target" area, examine the radio listings for the
cities and towns in that region.
Jot down in your notebook the names of the
general managers, the station
call letters, and the addresses. Be sure to list the
telephone numbers as well.
On your first try, list only one radio station per city.
Pick out the radio station
to which people most interested in your product would
be listening. This can be
determined by the programming description contained
within the data block about
the station in the Broadcasting Yearbook or the SRDS
Directory.
Let's say that you've listed
250 different radio stations. Arrange the list of stations
you want to contact alphabetically
by the towns they are licensed to serve. Use a
tab to separate each state.
Now place a phone call or write a letter to the
manager of each of the stations.
With this first contact introduce yourself and
inquire if the station would
consider a P.I. advertising campaign. Inform the station
manager that you have a product
you feel will sell very well in his market and
would like to test it before
going ahead with a paid advertising program. You must
point out that your product
sells for so many dollars, and that during this test you
will allow the station 50%
of that price for each response the ads pull in for you.
Some stations may demand a
higher percentage, so be prepared to be flexible
with your offer. Explain that
you will handle everything for the station: the writing of
the commercials, all accounting
and bookkeeping, shipping of the product, as
well as any refunds or complaints
that occur. In other words, all the station has to
do is schedule your commercials
on the log and give it their best shot. When the
responses come in, the station
will simply need to count them and forward the
entire number on to you for
fulfillment. You make out a check for payment, and
everybody is happy.
Contacting station managers
by phone is by far the quickest, least expensive,
and most productive method
of finding those stations willing to consider your P.I.
proposal. However, if you
have difficulty contacting the station manager, it will be
necessary to write a letter.
Make your letter positive in tone, straightforward, and
complete. Present all the
details in logical order on one page, perfectly typed on
your company letterhead and
mailed in an imprinted envelope. Rubber-stamped
letterheads or envelopes will
not get more than a passing glance. Include a
self-addressed and stamped
postcard with spaces for positive or negative
checks in reply to your question:
"Are you willing to look over my materials and
consider a mutually profitable
Per Inquiry advertising campaign on your station?"
If you're turned down and
the station is not interested in taking on any P.I.
advertising, simply give them
your thanks, make a notation in your notebook by
that station's name, and go
on to your next call.
Once you have an agreement
from a radio station to look over your materials and
give serious consideration
to a P.I. program, move quickly. Get your package off
right away by First Class
mail or overnight delivery. Don't allow time for a station
manager's interest in your
program to cool down. You must respond while the
conversation is fresh in the
manager's mind and he is well disposed toward your
material. If you wait too
long, he may forget about your conversation or loose
interest in your proposal.
Your package of information
should include several items: a written or taped copy
of the commercial you plan
to use, a brief page describing your product
(development, inventor/author),
a detailed proposal of how you will handle all
orders received and when and
how you will pay the station it's share of the
income, and a reply postcard.
Write a short cover letter, place it on top of your
prepared P.I. advertising
package, and get it in the mail to each interested
prospect without delay.
One of your greatest needs
will be at least two, thirty-second commercials and
two, sixty-second commercials
promoting your product. You can compose these
yourself or have a professional
copywriter help you. Mass communications
students at a local university
might be interested in helping design such
advertisements as a class
project, to gain experience for their resumes, or at a
fraction of the cost of established
copywriters. When the texts of these ads are
completed, have several hundred
copies printed and organized as a part of your
P.I. advertising package.
Develop an advertising contract
that details everything about your program, and
how responses are to be handled.
One or more special paragraphs relative to
refunds, complaints, and liabilities
need also be included in this contract. All this
can be very quickly written
up and printed in large quantities on carbonless,
multi-part, snap-out business
forms.
Finally, include in your packet
a self-addressed, stamped postcard the radio
station can use to let you
know if they are going to use your P.I. advertising
program, when they will start
running your commercials on the air, how often, and
during which time periods.
Again, simply type out the wording in the form you
want to use on these reply
postcards, and have copies printed for your packets.
You'll also need to compose
a cover letter to introduce the packet as a follow-up
to your conversation with
the station manager. Write one to fit all situations and
have copies printed. When
you're ready to send out a package, all you'll have to
do is sign it. If you spoke
of different arrangements or a specific matter was
discussed in your initial
contact, you will need to type a different letter
incorporating comments or
answers to the points discussed. Having your letter on
a word processor or memory
typewriter will save you considerable time if you
have to change some information,
and will allow you to personalize each letter
mailed out. However, it's
not absolutely necessary.
In summary, your first step
is to make an initial contact with prospective radio
stations after searching through
the SRDS or Broadcasting Yearbook. Actual
contact with the stations
is by phone or mail. When turned down, simply say
thanks, and go on to the next
station on your list. For those who want to know
more about your proposal,
immediately get a P.I. advertising package off to them
via the fastest method possible.
Don't let the interest wane. Your advertising
package should contain the
following:
Cover letter
Sample brochure, product literature
Thirty-second and sixty-second
commercials
P.I. Advertising Contract
Self-addressed, stamped postcard
for station reply
Before you ask why you need
an acknowledgement postcard when you have
already given them a contract,
remember: everything about business changes
from day to day - conditions,
employees, ownership of stations, and a host of
other things. The station
manager may sign a contract to begin your advertising
on the first of March. The
contract is signed on the first of January, but when
March rolls around, he may
have forgotten, been replaced, or even decided
against running your program.
You must have a firm commitment from the station
as to how often and at what
hours they will run your advertisements. A lot of paper
covering all the minute details
can reinforce with the radio station manager the
importance of this campaign,
and convince him that your company is a good
choice for this business arrangement.
Several weeks before your ad campaign is
to begin, call and check with
the station manager to make sure everything is in
order. "Are the commercials
set up on tape for air play?" "Is the mailing address
in the commercial correct?"
"Is the schedule of air play set and may I please have
a copy?"
If you're impatient to get
started with your own P.I. advertising campaign, before
you plunge in head first,
remember: radio people are dedicated business
professionals. Radio is simply
a means of advertising products and making
money. While the entertainment
aspect of radio is important, the radio station is
dedicated to making a profit.
Be sure you have a product or service that lends
itself well to selling via
radio advertising.
At the bottom line, a lot is
riding on the content of your commercial: the benefits
your product can provide the
listener, and how easy it is for him to enjoy those
benefits. For instance, if
you have a new book on how to find jobs when there
seemingly aren't any jobs
available, you want to talk to people who are
desperately searching for
employment. You have to appeal to them in words that
not only make them pay attention
to your commercial, but will cause them to feel
that your offer will solve
their problems. It's the timely presentation of an
appropriate product to the
right audience combined with the strength of the
advertising message that will
bring in responses and generate sales.
Radio station managers are
sales people, and sales people the world over will
be sold on your idea if you
put your selling package together properly. If the
responses come in to your
first offer, you have set yourself up for an entire series
of successes. Success has
a ripple effect, but you have to begin on the first one if
the others are to follow.
Get started today. Begin gathering all the materials for
your advertising packet and
lining up prospective radio stations. We wish you
success!