By Bob Leduc
A distributor for a network marketing company called me this
week for help in promoting her business. Julie places ads in
ezines (email newsletters) to generate traffic to the free
website provided by her company. She also sends postcards to
several targeted mailing lists to generate inquiries and traffic
to her website. I asked her what was producing the most
profitable results. She answered, "I don't know."
It's amazing how much money some business owners spend on an
ad, sales letter or other business promotion without evaluating
how much profit it produces. Your advertising decision is only a
guess if you don't know how much profit it's likely to produce.
Advertising based on guessing is gambling with the future of
your business.
Increase Profits and Reduce Risk
Effective testing increases your profits and reduces your
risk. Decisions based on the results of continual testing put
you in control of your business profits. I once increased the
response to a postcard promotion from 3 percent to over 20
percent by constantly making changes based on results revealed
by repeated testing.
Testing may be fun for engineers but it's boring for most
entrepreneurs. That's why many business owners avoid it. If
you're one of them, you're making an expensive mistake. The
benefits you gain and risks you avoid by testing make it a
valuable function you can't afford to ignore.
You may want to copy the 80/20 guideline I use if you find it
difficult to test your marketing efforts on a regular basis. I
simply invest 80 percent of my advertising budget in proven
promotions and 20 percent in testing new variations. This
formula generates a constant stream of profitable business from
proven promotions while forcing me to continually test for
better results.
Continually Test Everything
Continually test and evaluate everything you use or do to
promote business. A partial list of things you should test
includes:
- Different offers
- Different ad copy
- Different web page layouts
- Different sales letters
- Different media (where you place ads)
- Mailing lists
- Different guarantees
... and some less obvious things like:
- Timing of your advertising (day of week, week of month)
- Products and/or services offered (or combinations of them)
- Networking activity (time and money allocated)
- Affiliate programs (time and resources to promote)
TIP: Test the headline for an ad, sales letter or web
page before testing what follows it. Find the headline that
attracts the most readers before testing what the headline
attracts them to read.
Test only one change at a time or you won't know what
variable produced the new result. Code each variation you test
and track the results. Every time a change produces better
results, make it your new standard and continue testing. There
is no such thing as the perfect promotion. But continual testing
gradually gets you closer to it.
Testing is boring work for most business owners. But it pays
off in higher profits and reduced risk. Start testing today if
you've been avoiding it. Implement a program to continually test
and evaluate everything you do to promote your business. The
steady increase in your profits will surprise you.
Copyright 1999 By Bob Leduc
Bob Leduc retired from a 30-year career of recruiting sales
personnel and developing sales leads. He is now a Sales
Consultant. Bob recently wrote a manual for small business
owners titled "How to Build Your Small Business Fast With