Don’t miss Roy Williams’ MondayMorningMemo “The Media Is Not The Message“.
The entire memo is excellent, but my favorite part for online marketers is:
4. You committed to an ad campaign that was shorter than your product selling cycle. If people buy your product once a week, don’t expect your ads to return a profit during the first week. If people buy once a month, don’t expect to break even on your advertising during the first 30 days. If your product selling cycle is longer than 2 years, you can expect to lose money on your ads – even if they’re good – the first 4 to 6 months. You’ll start pulling ahead during the second six months. Your real growth won’t happen until you begin reaching that same group of people for a second year.
SOLUTION: Commit to an ad campaign commensurate with your product selling cycle.
What is the worst advertising fiasco you’ve ever been involved in?