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Discuss the fun task of marketing a t-shirt shop. Where to advertise, local marketing tips, word of mouth, press releases, search engine marketing, keyword advertising, magazines, etc.

How much money does it to make money?



 
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Old December 12th, 2007 Dec 12, 2007 5:21:59 AM -   #1 (permalink)
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Default How much money does it to make money?

How much money does it take to spend on advertising to get a great amount of customers and make a great amount of money, if you have great products?
 
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Old December 12th, 2007 Dec 12, 2007 8:35:32 AM -   #2 (permalink)
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Default Re: How much money does it to make money?

that depends on multiple factors: how good is your marketing plan, how good are your products for your select market, etc, etc.
It's not something that can be exactly measured. Every person has their own marketing avenues. And the cost of marketing can be absolutely free or costly, again it depends on what marketing avenues you take.
 
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Old December 12th, 2007 Dec 12, 2007 4:28:02 PM -   #3 (permalink)
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Default Re: How much money does it to make money?

What kind of advertising are you talking about?
 
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Old December 12th, 2007 Dec 12, 2007 6:40:03 PM -   #4 (permalink)
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Default Re: How much money does it to make money?

Rule of thumb is.. that 50 percent of all money spent on advertising is wasted.. unfortunately no one has pinpointed with 50 percent :/
 
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Old December 12th, 2007 Dec 12, 2007 6:46:08 PM -   #5 (permalink)
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Default Re: How much money does it to make money?

keep in mind that what ever marketing you decide to choose, that just advertising for a short period of time won't work. You need to burn your brands images into their head. So you may also need to consider multiple marketing streams.
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Old December 12th, 2007 Dec 12, 2007 7:03:39 PM -   #6 (permalink)
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Default Re: How much money does it to make money?

best advertising you can get is a satisfied customer...not just one that content with your product..but one that is happy with it
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Old December 13th, 2007 Dec 13, 2007 11:16:01 AM -   #7 (permalink)
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Default Re: How much money does it to make money?

In other words, don't put all your eggs in one basket. I myself have 4-5 marketing avenues.
 
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Old December 13th, 2007 Dec 13, 2007 4:33:07 PM -   #8 (permalink)
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Default Re: How much money does it to make money?

Exactly, keep your name in as many locations as you can afford. And truly, word of mouth is the cheapest AND most effective marketing you can ever acheive. It works wonders.

And I hate to disagree with you gp1305, but although it is usually true that most advertising may go unseen-or at least has little impact on actually increasing your business-A good solid marketing plan, and an attentive owner should be able to track which methods are working and which are not.
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Old December 13th, 2007 Dec 13, 2007 5:15:39 PM -   #9 (permalink)
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Default Re: How much money does it to make money?

I have known quite a few people who had started with little or no money used to market, only word of mouth and handing out products. They made connections with the right people. I find that the less money someone has for marketing the better, because it forces you to be more creative, to think out of the box with a marketing approach. So, my answer is $0.
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Old December 13th, 2007 Dec 13, 2007 8:52:55 PM -   #10 (permalink)
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Default Re: How much money does it to make money?

Quote:
Originally Posted by karlking85
And I hate to disagree with you gp1305, but although it is usually true that most advertising may go unseen-or at least has little impact on actually increasing your business-A good solid marketing plan, and an attentive owner should be able to track which methods are working and which are not.
I completely agree!! You wouldnt advertise your new vegetarian cuisine at a steakhouse!!
 
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Old December 14th, 2007 Dec 14, 2007 3:40:06 AM -   #11 (permalink)
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Default Re: How much money does it to make money?

Quote:
Originally Posted by highstyleinc
I have known quite a few people who had started with little or no money used to market, only word of mouth and handing out products. They made connections with the right people. I find that the less money someone has for marketing the better, because it forces you to be more creative, to think out of the box with a marketing approach. So, my answer is $0.
Well, I don't completely agree with that (handing out products costs money for example), but there are many ways to market at little or no cost.

Check out Guerrilla Marketing by Levinson and Lautenslager (I think they have 6 books out now) - everybody on this board who is interested in marketing should be using their techniques.
 
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Old December 21st, 2007 Dec 21, 2007 5:07:36 PM -   #12 (permalink)
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Default Re: How much money does it to make money?

Quote:
I find that the less money someone has for marketing the better, because it forces you to be more creative, to think out of the box with a marketing approach
I sort of agree with this as well.

Sometimes people try to fit their marketing into how much money they have. Like "I have $5000, where should I spend this money for advertising"

I think that's a bit backwards. I would rather people think "where can I get the most effective advertising and marketing for my company" or "where can I get the best exposure for my product/service".

Then take that info and go from there.

Sometimes you can get free (or low cost) advertising that will bring you more sales than a magazine ad for thousands of dollars.

Sometimes putting your product in the right targeted magazine at the right cost will be a smart move.
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Old December 26th, 2007 Dec 26, 2007 8:43:51 PM -   #13 (permalink)
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Default Re: How much money does it to make money?

Quote:
Originally Posted by gp1305
I completely agree!! You wouldnt advertise your new vegetarian cuisine at a steakhouse!!

Ideally, no! haha
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Old November 25th, 2008 Nov 25, 2008 7:47:30 AM -   #14 (permalink)
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Default Re: How much money does it to make money?

The answer to the thread title isn't as simple as it seems.

First just money wont do it.

You also need planning and hard work.

For formula purposes I would say something like:

Money + Planning + Hard work X 2 = Amount of success you want.

But I could be wrong.
 
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Old November 25th, 2008 Nov 25, 2008 11:48:11 AM -   #15 (permalink)
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Default Re: How much money does it to make money?

Quote:
Originally Posted by charles95405
best advertising you can get is a satisfied customer...not just one that content with your product..but one that is happy with it
That is so true.
 
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