tloonya
Junior Associate
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Joined: Dec 18, 2010 16:22:13 GMT -5
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Post by tloonya on Nov 5, 2014 10:00:35 GMT -5
Is it true that business owner MUST invest 7% of the profit into advertisement
(edited) to be successful and more profitable. |
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milee
Senior Associate
Joined: Jan 17, 2012 13:20:00 GMT -5
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Post by milee on Nov 5, 2014 10:02:13 GMT -5
I know I'm going to regret this, but...
What the heck are you talking about? |
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tloonya
Junior Associate
What status?
Joined: Dec 18, 2010 16:22:13 GMT -5
Posts: 8,452
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Post by tloonya on Nov 5, 2014 10:04:00 GMT -5
I know I'm going to regret this, but...
What the heck are you talking about? I am on the phone with guy who tells me that to make my business better I must invest 7% of my profit into advertisement. Wait, haven't I just said that in OP? |
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mmhmm
Administrator
It's a great pity the right of free speech isn't based on the obligation to say something sensible.
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Post by mmhmm on Nov 5, 2014 10:10:38 GMT -5
I know I'm going to regret this, but...
What the heck are you talking about? I am on the phone with guy who tells me that to make my business better I must invest 7% of my profit into advertisement. Wait, haven't I just said that in OP? No. Actually, you didn't say that. You asked if a business owner MUST invest 7% of profit into advertisement. There is no law that states that must be so. You didn't mention in your OP anything about making your business better, which would explain why a 7% investment into advertisement might be a must. |
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alabamagal
Junior Associate
Joined: Dec 23, 2010 11:30:29 GMT -5
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Post by alabamagal on Nov 5, 2014 10:13:54 GMT -5
That is just what is "recommended" in typical business philosophy. Or maybe the advertising sales guy is recommending that.
Advertising can mean many different thing. Sign for your business, yellow pages ad (old school), paying so your business shows up in internet search, etc.
You don't "have to" spend anything though
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Deleted
Joined: Oct 11, 2024 0:30:06 GMT -5
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Post by Deleted on Nov 5, 2014 10:14:20 GMT -5
To me, MUST means, if you don't they're going to fine you, lock you up or deport you.  So. No. It's not a "must". |
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Regis
Well-Known Member
Joined: Dec 27, 2010 12:26:50 GMT -5
Posts: 1,415 
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Post by Regis on Nov 5, 2014 10:30:37 GMT -5
No, it's not necessary for every business to spend 7% on advertising to be successful. The "right" amount to spend is very dependent on the type of business. And just curious, tloonya, what is it that makes your business distinct from others who sell similar products? If you can answer that question, that's what you need to hammer on in your advertising. If you can't answer that question, you're just gonna have to beat the others on price. Once you start playing the "I've got the lowest price" game, your business has very little chance of being successful. Yes, you can survive but it's very difficult to be successful. This is my opinion, but one of the best reasons to own a company is to create value in it to the point where others want to buy it. |
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NomoreDramaQ1015
Community Leader
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Post by NomoreDramaQ1015 on Nov 5, 2014 10:38:48 GMT -5
what is it that makes your business distinct from others who sell similar productsIf she doesn't carry it, she'll run to Wal-mart and buy it for you so you don't have to worry about dealing with LaTisha. 
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Abby Normal
Senior Member
Joined: Dec 22, 2010 12:31:49 GMT -5
Posts: 3,501
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Post by Abby Normal on Nov 5, 2014 11:28:29 GMT -5
There is no requirement that says you must spend 7%. It depends on the nature of your business how much you choose to spend to draw in new customers.
Word of mouth can be a very powerful advertising tool. And it's free.
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tloonya
Junior Associate
What status?
Joined: Dec 18, 2010 16:22:13 GMT -5
Posts: 8,452
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Post by tloonya on Nov 5, 2014 11:36:53 GMT -5
what is it that makes your business distinct from others who sell similar productsIf she doesn't carry it, she'll run to Wal-mart and buy it for you so you don't have to worry about dealing with LaTisha.  it was a while, I was afraid no one would mention it. You are so funny. Are you laughing? |
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swamp
Community Leader
THEY’RE EATING THE DOGS!!!!!!!
Joined: Dec 19, 2010 16:03:22 GMT -5
Posts: 45,622
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Post by swamp on Nov 5, 2014 12:44:38 GMT -5
7%? shit.
<<calls newspaper to buy ads>> |
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