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Why Radio Advertising Is One of the Most Cost-Effective Forms of Advertising Available
More individuals and businesses are using radio advertising to reach prospective customers and clients now more than ever before. By engaging a top-notch radio ads agency, individuals and businesses can reach millions of people locally and nationally who enjoy listening to the radio at all hours of the day and night.
What makes radio ads more popular than any other form of advertising is that radio advertisements can be played across a variety of radio networks, including traditional radio, national satellite radio and Internet radio. Millions of people listen to the radio each and every day. In recent years, Internet radio has become very popular and now reaches over 70 million people per month. By using a variety of cross-marketing channels and other innovative marketing techniques, a radio ads agency can help advertisers reach a countless number of prospective clients and customers locally and nationwide.
Radio advertising has also become one of the most popular forms of advertising because it offers advertisers the biggest return on their investment. Ads on the radio happens to be one of the most cost-effective ways to reach millions of prospective customers and clients locally and nationwide. Individuals and businesses with a wide-range of advertising budgets can advertise on the radio. The cost of having a radio commercial produced and aired is much less in comparison to other forms of advertising.
By working with a top-notch radio ads agency, individuals and businesses can have advertising professionals put together a unique radio ads campaign that gets results. When choosing an agency, individuals and businesses should choose a radio ads agency with a proven track record. An agency with a proven track record will give advertisers a greater chance of success.
Selecting a good advertising agency is important and crucial in receiving positive results. You should note that a well-developed direct response radio campaign realizes conversion rates much higher than online media alone. The industry standard conversion rate for online media is typically 2%-5%, whereas a good direct response campaign starts at a 10% conversion rate.
In order to have a successful radio commercial created, businesses need to enlist a full-service advertising agency that can deliver results. By choosing a radio advertising agency that has copywriters and radio personalities on hand, individuals and businesses will see results. Advertisers that advertise their business or service on the radio know that the key to success with radio commercials is achieved by developing the perfect message and picking the best person to deliver that message. By choosing a radio advertising agency that has access to well-known radio personalities, advertisers yield better results.
When selecting an advertising agency, advertisers should consider everything the agency has to offer. By choosing a well-known full-service agency that knows everything there is to know about radio advertising, advertisers will have the added reassurance of knowing that they are working with an agency that can and will deliver results.
How Important Is the Fundraising Auctioneer to the Success of Your Event?
I want you to think about the term “Fundraising Auction”.
A “Fundraising Auction” is an event where items of value are gathered, and then sold in a competitive bidding situation, either in a Silent Auction format, or in a Live Auction format by a Live Auctioneer. And since typically the best items are saved for the Live Auction, arguably it is the Live Auction that should generate a significant portion of the proceeds in any Fundraising Auction.
So why do so many non-profit groups consider the Fundraising Auctioneer to be the least valuable component in a Fundraising Auction?
The Hosting Facility gets paid.
The Printer gets paid.
The Caterer gets paid.
The Liquor Store gets paid.
The DJ gets paid.
The Florist gets paid.
But the Auctioneer … the individual who is expected to raise the lion’s share of the event’s proceeds… is expected to work for Free. And is usually under-appreciated for the professional services he/she provides.
I’m not trying to underscore the value of the invitations & programs, food, booze, music, and decorations. All are important in their own way. But each of these are “Expenses”. It is the Auctioneer who is going to bring “Revenue”… and thus, the “Profits”… into any event. Which is the ultimate objective of any Fundraising Auction.
Here is a real-life example of how under-appreciated the Auctioneer can be. In two comparable events we worked last year, during the dinner portion of the event one non-profit group sat the Auctioneer (me) at a table with the DJ, the Interns, the Volunteer Staff, and other event “Help”. The 2nd non-profit group sat the Auctioneer (me) directly next to the CEO of their organization, where we chatted about how important the pending revenue would be to their organization. Which group do you think valued the services of the Fundraising Auctioneer more?
Don’t ever under-estimate the value that a professional Fundraising Auctioneer can bring to your event. The Auctioneer adds value as a pre-event consultant. And the Auctioneer can change an event from a moderate to a huge success.
A Case Study Once I was scheduled to call an Auction for a major local non-profit group. They represented a very good cause and they had a strong and dedicated following. Their event was sold out, quality Live & Silent Auction items had been solicited, and the Special Pledge Appeal had been choreographed and was ready to go. The facility was first class, the appropriate caterer was booked, and the food was ready to cook.
But quite unexpectedly, some unseasonably inclement weather forced the event’s cancellation. Despite all of the committee’s hard work, cancelling the event was the proper decision considering the circumstances.
So the Event Committee scrambled to re-schedule the event for the following weekend.
They confirmed with the Hosting Facility.
They confirmed with the Caterer.
They confirmed with the Liquor Store.
They confirmed with the DJ.
They confirmed with the Florist.
Since they already had the Mailing List of those scheduled to attend, no new invitations had to be printed as all were contacted by email or telephone. So with everything in place, the group went ahead and re-scheduled the event for the following weekend.
But guess who they failed to confirm? You got it… the Professional Auctioneer. They thought so little of the Auctioneer’s contribution that they “assumed” that the Auctioneer would be available and at their beck and call.
But the Auctioneer already had another Fundraising Auction booked for that date with another non-profit group. It was only hour away from the re-scheduled event, and things could have been easily worked out. All Group #1 had to do was start their event one hour earlier, or one hour later, than the Group #2, and the Auctioneer could have helped both groups on the same day.
But because Group #1 failed to anticipate a possible Auctioneer conflict, because they failed to confirm with the Auctioneer before re-scheduling their event, their preferred Auctioneer had to bow out and they had to scramble to locate substitute “Volunteer” Auctioneer only days before their event.
And it cost them.
Learning Points
The Live Auction is usually where the profits are made at any Fundraising Auction.
A Professional Fundraising Auctioneer can be vital to the success of any Fundraising Auction.
The better Fundraising Auctioneers usually get booked quickly.
You need to recognize the important contributions that a good Auctioneer can make to your event.
Michael Ivankovich is a Bucks County Fundraising Auctioneer based in Doylestown PA, and serves the Great Philadelphia PA area. He has been a professionally licensed and bonded Auctioneer in Pennsylvania for nearly 20 years, has been named Pennsylvania’s Auctioneer of the Year, and has considerable experience in conducting Fundraising Auctions. Michael loves helping groups raise needed funds for good causes and one of his specialties is the “Special Pledge Appeal” or “Fund-A-Cause Appeal” which usually enables clients to double their revenue in a single evening.