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Businesses around the world invest, or to be more precise, they spend, untold numbers of dollars to advertise, market and promote their products and services to make sales and gain new clients. In an economic downturn these expenditures may be reduced due to cost constraints and consumer reluctance to buy.

As an example it costs around $1,000usd for a small classified advertisement in the weekend editions of major USA newspapers, $2-3,000usd for a similar placement in monthly travel magazines. Radio spots, from ‘cheap and nasty’ during the hours when nobody is really awake to prime time messages to thousands, the majority of whom may not be interested and many of the rest may just go to a competitor. In effect, business advertisers may often pay for ‘lack of performance’. Either the advertising copy was ineffective or the reach of the medium and quality of the audience was ineffective.

In other fields of endeavour we work, perform, produce and then get paid. Why not in advertising?

It may be the time to rethink the effectiveness of our advertising spend and to rethink who we spend it with, what we spend it on, when we should spend it, where we should spend it, why we are spending it, how we should spend it? Or even, ‘if’ we should spend it.

In other words, how can we get more value from our advertising spend? Is there a better way?

The internet affords us all exceptional opportunities to showcase our wares but the same problem arises: how do small businesses let the world know about their own websites when contending with the major players who are always able to buy more ‘googling’ stuff than they can?

As well as being approached by media reps from local to national newspapers and magazines, small businesses now get inundated with internet offers such as: ‘top 10 search engine rankings for your website; 50,000 hits guaranteed; increased visits assured with our email programs to our double opt-in email clients.’ And so on and so forth. The emails arrive daily to inboxes everywhere.

Businesses do not want looky-loos clogging up their websites. They want committed buyers to review and compare their products to others. They do not want to give their hard-earned money to advertisers who simply want to sell advertising space. They want advertising partners.

Businesses should be given the opportunity to work with a ‘pay for performance’ option for their own advertising spend. In other words, “work with me, perform with me, produce with me, get results with me and then bill me.” The P4P partnership could generate more advertising revenue than the old system of “just pay, shut up, wait and be thankful for what you get.” Let’s consider a P4P arrangement where a percentage of sales is given to advertisers who produce sales. Many businesses might welcome such an opportunity to partner with forward-thinking advertisers. Just consider how much more advertising copy could be placed.

An example:
A business that operates websites that offer travel in over 70 countries and with products available to travellers in all countries. This company needs to advertise in every country, in all traditional media and in all e-commerce media such as e-newsletters, ezines and websites plus tv, radio and of course the electronic social media. To do this would take an enormous budget, which is not available, but to do this on a P4P arrangement could lead to sales growth that could never be realized with the traditional methods. There could be many similar businesses around the world that could also grow more quickly. Advertisers who are willing to accept a radical change in their business practices by operating a P4P option could also benefit from the business growth of the thousands of global businesses that would embrace this innovative new concept. Sharing the risk of both success and failure. End of example.

The way we now advertise, market and promote business must change. Advertisers should consider P4P and share the risk and the greater rewards for performance. The advertising industry could experience more business, more profits and lead global economic recovery.

More global businesses will readily accept a P4P partnership. Businesses and advertisers can perform together and make better returns for both by sharing the risk and producing improved sales. However, the P4P format should only be implemented when both parties agree that it could produce better incomes for both parties. If advertisers consider that there would be no benefits for them with a P4P arrangement, the business has to also rethink their own advertising methods and lack of confidence of the advertiser for declining the arrangement. A catch 22, but real world.

Although most businesses do not want window shoppers, looky-loos, timewasters, or those who unfortunately cannot afford to buy, they must also be aware that, in travel anyway, “today’s backpacker may be tomorrow’s luxury travel buyer” and should be nurtured and even developed as future customers. A P4P partnership of media and business could develop improved campaigns leading to healthier long-term business growth for all partners.

A recent real case example for internet advertising is as follows:
An internet marketing company stating that they had ‘a list of 3,000,000 enthusiastic travellers’ recently approached a local business. Before even asking for the cost of using their services the business owner switched the tactics by offering them the opportunity to send their message to this list over a period of months, but on a P4P basis (at their cost). The business owner offered to pay them $10usd per sale (out of a $35 total sale). Their comments, “we do not do business that way.”

The retort from the business owner: “if you are not prepared to try and get 1% (yes one percent) of your database to buy my offer (30,000 x $10 = earnings of $300k), it appears to me that you do not have any confidence in your own database, my offer, or my product, but you would take my money upfront even though you have no belief in the success of the mailing. This is not the way I want to do business and you are not the company I want to do business with.”

If advertisers believe that your advertisement will work for you why would they not want to earn a better income from a P4P arrangement? Or do they really have an in-house ethical conflict between editorial and advertising departments? If so, what are advertorials and the published press releases sent from public relations agencies?

Over the years all types of businesses have been convinced by all forms of media to advertise but rarely are they asked to assess the results of the advertisement. Advertisers keep taking the money. Businesses keep on doing the same thing because they have been convinced that they need to be seen and to “do it this way.” Well, maybe it’s time for a change.

The present economic climate is causing stress and strife around the world. Advertisers could find that they have so much white space available forcing them to print thinner newspapers and to offer discounted rates to their recession-proof clients. But what if these advertising agencies and media outlets started to work on a P4P basis with all types of businesses to create new partnerships of media and frontline operations from restaurants to who knows what? A win for the media, a win for the businesses and a win for the buyers who stay informed and are kept aware of local, regional or international opportunities. And maybe full staffing, thick papers and magazines, robust ezines and e-newsletters that will make us all feel more confident about the economy.

Not all situations will allow a p4p partnership but there are enough out there to reward all parties and all we need to do is develop simple operating systems to make this new way attractive and secure for all participants.

The business in the example above could operate on a P4P basis. It could have a P4P arrangement with many different partners in many different countries at the same time. Any downside for the media partners would be minimized by their thorough understanding of the business services and products. They would know the wants and needs of the business and so be in a position to not just accept an advertisement but to be totally involved in the generation of leads and buyers. All partners could get the maximum benefit from the opportunity because the only way to earn revenues is to produce results by better use of skills, creativity, contacts and advertising reach.

A simple method for internet businesses is for unique pages or URLs to be set up for each P4P operation so that accurate assessments can be made of the specific promotion and the fees based on the same statistics and buyers. Another ‘comfort-zone’ action could be for the media P4P partner to collect the ‘gross takings’ and to remit the net after deductions, to the other partner. Vouchers can be created giving all parties an audit trail. Trust is paramount in P4P partnerships.

Many small businesses will survive and help save the global economies. Big business will continue heavy layoffs, cutbacks and corrections until the good times roll again, which could be a long way into the future. Let’s take action now.

Small business together with Small Internet Media (e-newsletters, ezines) and other Smart Media can try new ways to pull us all out of the economic mire. If they seriously consider this new way of advertising, marketing and promotion ‘with’ their clients, not ‘for’ their clients, they can “get going now, or they can sit back, take no risks, take no chances, ignore P4P opportunities, downsize, get laid off, change careers, move away or just keep doing the same old thing and stagnate.”

Thousands of businesses around the world would welcome approaches from all forms of media to advertise, market and promote within a P4P partnership arrangement. This could be a simple way to not only help business survival in the recession but will enable us to prepare for future growth.

We go to work, perform our duties, finish the job, produce results and then we get paid. Why then should we not expect to pay only for the ‘results’ of’ our advertising and not just ‘for’ advertising?

Imagine the global acceptance of P4P. Businesses would be able to advertise anywhere and would never again have budgetary restrictions to advertise, market and promote sales. Media businesses would be getting new clients from places that they would never have considered and at the same time, helping their own clients to expand. Why don’t we do it?

I know one business owner who hired a content marketing agency because he wanted to build his business.

The agency said it would bring in over a dozen inbound leads per month.

After four months of preparation and two months of releasing content, he ended up sacking the agency because it had not brought in a single lead.

Of course, he’d already spent several thousand pounds with them by then.

So how do you avoid this happening to you?

Tip #1: Understand what content marketing is

At its simplest, content marketing is a way of proving you are an authority in your field.

It makes you more credible: people are more likely to choose you before others.

This means giving people advice so that when they decide they need a product like yours, they’ll think of you first and get in touch.

For example, you might sell an IT system that helps companies comply with health and safety legislation.

If so, it makes sense to offer advice on how the latest legislation is likely to affect them, the trends in the industry, and so on.

In the old days, this was simple. You struck up a relationship with someone in your relevant trade press – or the local press – and wrote articles for them.

That’s still an option. But now you can also get your information out via a blog, downloadable reports on your website or an email subscriber list.

And that’s not even mentioning the various social media.

Then there’s the question of how often you need to create content.

This leads to some important questions:

Do you know your market well enough to write about it convincingly? If not, you need to hire someone to do it for you and they will not come cheap. Come to think of it, if you don’t know your market, you won’t survive long anyhow. And come to think of it again, many peoples’ idea of what their market is turns out to be spectacularly incorrect.

Do you have a clear idea of how best to reach your market? Yes you can write a blog, but if your customers prefer to read the trade press then blogging won’t help you. And if nobody reads your blog – often the case – you’re wasting time anyhow.

Do you know how often you need to put information out? Once a quarter? Once a month? Once a week? Once a day? There is no fixed rule. You need a feel for what will interest your customers – otherwise you can end up wasting a lot of time and money putting out useless content. And you need to be constantly thinking what will interest them. Every time you think of something, communicate.
Tip #2: Don’t believe the hype

Unfortunately, content marketing – indeed virtually all marketing today – is based on fallacies.

The biggest fallacy: that customers are fundamentally different today to how they used to be.

Well, after 54 years in marketing I can tell you that’s rubbish.

Customers today are no different to how they were when I started in this industry in the 1950s. All that’s changed is that there are far more media you can use to reach them.

Statistics are bandied about ‘proving’ that people now have fearfully short attention spans, when actually they always did. With advertising in a newspaper (for example) you only had split seconds to grab someone’s attention before they flipped the page.

If you don’t understand people, and realise that people have not fundamentally changed, you will lose money with your marketing. It’s that simple.

But from the idea that people now have the attention spans of goldfish, many agencies will point to studies showing that people don’t like to have their day disrupted by advertising. They find it annoying.

Let me assure you that people have always found bad advertising annoying. This also hasn’t changed.

Marketing people love easy answers. They yearn for a world where one particular approach – the one they specialise in – will solve all problems. And they are good at proving it to you.

If you don’t apply a little logic you can end up losing a lot of money.

An agency may show you that more money is now being spent on marketing to attract inbound leads rather than outbound leads.

They tout this as proof that inbound marketing is more successful.

However, what they won’t do is show you the revenues generated by inbound versus outbound; only how much is being spent.

As you’ll have worked out already, that’s like saying a Mercedes ad campaign is more effective than a Volkswagen one because Mercedes spent five times as much.

There is precious little proof that inbound marketing is more successful at generating leads or sales. And that should be all you care about.

Tip #3: Find out what works – and copy it

There is no doubt that content marketing does work if used correctly. Here are some examples.

Serial entrepreneur Neil Patel runs three blogs. Each one has over 100,000 regular readers and they are the number one source of customers for his various businesses.
Almost all of consulting coach Ian Brodie’s new customers now come to him as inbound leads.
US information publisher Agora runs a number of daily email newsletters to generate new business.
What do these three have in common?

Each uses the same technique as the cornerstone of their content marketing.

When you visit one of Neil Patel’s blogs, for example, you get a pop up offering you a free report in return for your email address.

If you choose to delete the pop up, you get taken to a page with another sign up box asking you to subscribe to his emails. Only once you get past that do you get to read the blog.

Similarly, at the top of Ian Brodie’s homepage is a sign up box offering you a free report in return for your email address.

And as I’ve already indicated, Agora’s content marketing model is based entirely on getting you to sign up for one or more of its email newsletters. It offers at least half a dozen different ones, depending on your interests.

Examples are all around you when you look for them – even from so-called social media experts.

Mari Smith is a renowned Facebook ‘guru’, yet when you go to her homepage what’s the first thing you see? An email sign up box.

It’s the same for Pinterest ‘guru’ Melanie Duncan. Go to her homepage and the first thing she asks you to do is not to find her on Pinterest – it’s to sign up for her regular email updates.

In fact, you have to negotiate three pop up boxes asking you to subscribe before you can get to the homepage itself.

Why do they all do this?

Because getting people to subscribe to your regular updates is a tried and tested method of increasing sales. Subscribers have opted in to receive your news and advice, so they are more likely to read the content.

And of course, for every few emails offering advice, they slip in one selling something. Or they get you to return to their website or go a landing page that tries to sell you something.

Pop up boxes are surely just as annoying as any other form of disruptive marketing.

I’ll bet that if you asked the visitors to these websites whether they found it annoying, they would say yes. And yet they work.

Tip #4: “Don’t forget the marketing in content marketing”

If you look up the Content Marketing Institute, it tells you that content marketing is “the art of communicating with your customers and prospects without selling. Instead of pitching your products and services, you are delivering information that makes your buyers more intelligent.”

The italics are mine. Just think about what they’re saying here for a minute.

That you should be sending out information without actually asking people to buy? Does that really make sense?

From spending millions of my own money – and God alone knows how much of my clients’ – I can tell you it doesn’t.

Trying to sell without selling is just plain stupid.

People are not thinking when they get your stuff. Even if they are intelligent – which many aren’t in the first place.

The entire premise of this kind of content marketing is that people don’t like being sold to. In research they say they prefer articles and white papers and that stuff.

What they think they prefer and what they do have nothing to do with each other.

What works and what people like are two different things.

What they need and what they think they want are two different things.

The quote that forms the heading for this section comes from Neil Patel, who points out that producing content is not enough if you don’t promote it.

Bill Bonner, the founder of Agora, recently explained that, though it may not seem like it, a daily email in which you don’t sell anything is really just part of a bigger strategy to bring home a sale.

As Agora copywriter Glenn Fisher says, “People who like modern terms call this content marketing, but it’s not.

“Content marketing is just a buzz phrase to describe something that’s always existed: it’s just plain old long copy.”

The guys at Agora should know. While there are several estimates around of how much the company makes each year, the most conservative figure is $90 million.

If you try to sell without selling, then guess what?

You won’t sell anything.

Tip #5: Know what your customers need

I can’t stress this enough.

Most of the content marketing I see that fails does so because those producing the content do not know enough about the market they are writing for.

As a result, they get it wrong in two major ways:

They write content that’s too shallow, of the teaching-granny-to-suck-eggs variety. Telling your customers what they already know is not the way to look authoritative.
They write content that doesn’t speak to their customers’ or prospects’ concerns.
You must know what your customers are thinking and worrying about – and write about them. This means you need to do your research. Don’t just read reports on the state of the market, or articles in the trade press.

Speak to your customers directly – or at least some of them. And do so with an open mind. Otherwise your content will never move them to want to act.

If you’ve decided you want to launch your own content out into the market, here’s what you need to do.

Research any agency you consider taking on. You wouldn’t hire someone without checking their references, so do the same if with an agency. Talk to their clients about results – and also what it’s like working with them.

Think about hiring a specialist. Many companies hire trade journalists or copywriters with a specialist niche to write their content, whether in house or freelance. Just bear in mind that real specialists do not come cheap.

If you try to get them cheap, they won’t stay long enough to have an impact. Resist the lure of false economy.

Know your market – and make sure anyone writing for you does too. If you don’t, your content will fall flat. So take the time to research this first. Only if you know the market can you test whether any agency or copywriter knows enough to write good content.

Know what you want to achieve. Many companies jump into content marketing just because everyone else is. Resist this urge. You can do well without content marketing and focus on outbound marketing instead.

But if you really want to make the jump, set achievable goals. Whether that’s leads per month or percentage increase in sales, be sure to measure. And be realistic.

While operating a home based business has anybody told you that you have to pay your dues?What about your own thoughts? Have you thought what’s fair is fair; I’m just paying my dues? Who made that rule? This is just another little clip of wisdom passed down through the ages that we accept as an unwritten law. There is no real basis for this when it comes to an Internet marketing home business. In fact owners of a home based usually experience success fairly rapidly or not at all.This saying was just created to exert control over others; to keep people down. The more shocking fact here is that we blindly accept it as if that is the way it is supposed to be. I’m not sure what price or how much is being referred to but your home business cannot afford it.Perhaps it’s time to change this thought process. What if viewed paying as collecting instead in your home business? What kind of impact would that have on your attitude and approach to running your business? For instance rather than paying the price for your home based business; you instead collect the benefits for running a business.Just the thought of getting something back changes your perspective. Suddenly the word work in a home based business is not really relevant. It is replaced by other words and phrases like “time investment” or “focus”. Words that suggest a positive return is possible from your home based business efforts.Nobody is saying that paying the price in your home business is all in your head. The reality is things do happen and at times things can get fairly rough. In the real world you have to deal with these issues.What is being said is how you deal with issues is your decision. If you adapt an attitude that you are reacting to issues occurring in your home based business; you are probably going to feel victimized. It is going to feel like you have to pay your dues.Viewing issues as possibilities in your home business takes on a whole different mindset. You begin to consider alternatives, possibly how or what can be done in the future; you forward- think.Create Your Own Home Based Business PersonaAction plans and policies are formed to handle or prevent these issues in the future. This is what makes your home based business a business. It is what distinguishes your business from others in your field.Reclaim the Time Spent in Your Home Based BusinessConsidering the future in your home based business pays attractive dividends. Policies and patterns of behavior are created to deal with these issues. Reducing the time dealing with these issues again and again can go a long way in the improvement of your attitude. Just not having to spend time with the issue again and again reclaims your time; freeing you to do other thinks like run your business.Now is the Time in Your BusinessLooking at issues in your business as opportunities is a great start but dealing with them is quite a different matter. Address the matter as quickly as possible. Procrastination just always the issue to become larger becoming more of a difficult task to handle; just do it now.Your business can actually benefit from rough times.It depends on how you approach them and with what attitude. Get your head straight and quit paying your dues.