Since many of the users here run their own businesses, I thought it might be useful to get a thread going about marketing and promoting video services. So I'll start off with a few specific questions as follows:
This will initially be a sticky for two weeks while we gauge the response it generates.
Robert Davis President/Creative Director
Davis Advertising, Inc.
Visit my latest blog, "Concept to Creation" on the Avid Community site
I work strictly by word of mouth. Having worked in "Long Form" Documentary editing for the past 15 years I have made alot of "contacts". This has put me in the lucky position of having Producers and Directors asking me to work on their projects.
CD
Andy
Adman wrote:f you were to define the most viable target-market for promoting your services...what would that be? (please be specific).
Mid-end corporate clients, ideally high-end but that's not a reality yet for me. Looking mostly at budgets between $3,000 - $30,000.
What do you believe would be the most efficient and effective methods to reach that specific market? (examples might be direct-mail postcards, opt-in email, telephone solicitations, web site, yellow page ads, cold calling, etc.)
Cold calling is almost useless in this case, so is advertising. Every gig I've ever gotten has been because of either word of mouth or I already had some relationship with the person.
What are you doing now to promote your services?
I try to keep my website current, appealing and clean. That is where I usually send a potential client to look for info about our company, our website url is also our company name, it's a gimmick.
What kind of networking to you currently do? (clubs, associations, etc.)
I attended small busniess development functions and local media functions, which don't occur very often in my area. I do some training for people and I've given some workshops that have established relationships that might lead to work down the line.
My company is moving towards broadcast and we are developing numerous shows. My goal is to be a full-time production company making a good living and that won't happen with doing only corporate work in the market I'm in. We're developing numerous shows right now while still doing some client work.
"Don't go by my script, they're always wrong." - producer to me while editing
Right!
Estimated number of cold calls I've converted: .01%
Advertising doesn't work???? Well as an advertising man, I'd have to challenge that....lol.
Example...I sent a direct mail postcard to a list of about 300 companies. Three days later I got a call from the President of a regional chain...saying he got my postcard and that they were planning on doing a television ad program for a Super Bowl promo involving a Fortune 500 company. He asked for a quote...we set up a meeting where I presented the detailed estimates...they presented me with a $10,000 check as a retainer a few days after that to get started. The project included the development and production of a couple of TV spots and a $60,000 media buy.
No, I certainly wouldn't recommend TV or Radio advertising to promote video editing services...or any business-to-business advertising for that matter, generally speaking. I'm not suprised that you didn't get any response.
Advertising is all about targeting and market segmentation...maintaining a consistent presence in the market (one time or sporadic advertising is a death sentence, lol)...you choose advertising vehicles that reach your audience at the lowest unit cost attainable...with the right message and with the right timing. Advertising is also largely about achieving the appropriate combination of reach and frequency. Any ad without sufficient frequency is like "peeing in the wind" so to speak.
But I would argue that there are many, many kinds of traditional advertising besides TV and Radio...including trade advertising and of course, direct mail (and opt-in email, and not so traditional podcasts, blogs, etc.) which can be highly targeted to a specific market(s) (and individual decision makers). Success of direct mail is also dependant on targeting the right message to the right audience at the right time, and of course, with the right reach and frequency levels (a general rule being reaching your demo with a 3x frequency as a BARE minimum, within a relatively short time frame). Direct mail response rates tend to be in the 2-3 percent range...and is most effective when used consistenly with a consistent brand image. Direct mail is an excellent way to brand your image and to generate traffic to your web site.
Thanks for the input Berga...that kinda leads into a discussion on presentation, eh? What materials to you use in your presentation? Do you just show them a demo reel? If so, on what medium...portable DVD player? etc.? What is the format of your presentation? Also, on average, how many calls do you have to make to get an interview?
Personal telephone calls are expensive when you consider the time it takes. Do you narrow your list before making calls? What about sending a postcard or a DVD in advance of the call to "break the ice?" Or, better yet, a series of postcards and a DVD? Any other ideas? (btw...do you prefer to present the demo reel in person or are you comfortable sending it "blind.")
Also...where do you get your leads? Who is your contact person's (title)? How do you qualify them?
Thus far, the best leads I get are from organizational memberships where I have the opportunity to meet a potential client in person BEFORE they need my services. That way one doesn't seem like the pushy car dealer sort. Establish a good casual, friendly relationship with them first, and they will call you when they need your expertise and are ready to pay for it. Join and be as involved as you can.The second is clients from outside the area that don't already know anyone locally. They haven't established a relationship with a company yet, so to them, we're all on a level playing field. Typically, these people find me listed somewhere on the internet.Keep in mind, I still run in the red. So take this advice with a proportionate level of caution.
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