Ninth in a series on how to grow your wholesale accounts in a less majorly way….
If you have deep pockets and lots of patience, you can use advertising to grow your wholesale business.
The problem with most advertising is: 1) It’s expensive; 2) You usually have to do a lot of it, consistently, to get results; 3) Most artists advertise in the wrong places; and 4) It can be hard to tell if it’s actually doing you any good or not. Oh, and 5) Most people don’t read ads….or don’t remember them if they do.
Having said all those disclaimers, I have heard of advertising campaigns that broke all the rules and were outrageously successful.
My favorite is a jewelry artist who was persuaded by her PR consultant to drop a big bundle of cash on one big, splashy, full-page ad in a leading trade magazine just before the three biggest wholesale shows of the season. It was a colorful, trendy, incredibly beautiful shot of her jewelry–and it worked. The assumption from stores was, she must already be successful to be able to afford that kind of advertising. She wrote great orders at all her shows.
But of course, for those of you who think this might work for you, be forewarned that 1) she spent a lot of money on that ad. A lot of money…..; 2) she was able to “follow up” immediately because she also spent the big bucks to be at the shows where the buyers were; and 3) she had very low price points to begin with. (Her wholesale prices averaged under $15 wholesale.)
If you go the paid advertising route, the deal is you must be prepared to do it regularly, in well-targeted venues, and be able to track the responses each ad generates (perhaps by coding the contact info in the ad, or keeping track of the reader response cards from the magazine.
Standard wisdom was, bigger is better. Go with the biggest ad space you can afford. And great images are a must.
But nothing is written in stone anymore. Some research shows that using ordinary classifieds in those same magazines can produce good results, too.
And of course, the internet is changing everything. It looks like advertising on the web is finally effective. Though which, where and why is still not known….
In short, advertising to me has always seemed like a giant crap shoot. Some people win big, others get nowhere, and it can be almost impossible to tell who will get what. And now it’s an even bigger crap shoot.
I’ve used some advertising in the past, usually for very specific events–advertising my new work in a trade publication, show guide or buyers guide that will be distributed at the show I’m doing, for example. I do it periodically for name recognition (and after this year, to let people know I’m still alive and kicking!)
My best advice on advertising is, if you’re going to do it, try doing it where no one else is doing it.
Target those unusual venues and publications that isn’t obvious to every other artist and craftsperson out there. Do your homework! If it’s a magazines, get the demographics for their audience. If you make cat jewelry, maybe you could target a magazine that targets pet boutiques rather than the usual craft store or gift shop crowd. Instead of a buyer think, “Oh, yet another cat jewelry artist”, they might think, “Oh wow, more cat jewelry! Gotta get me some….”
I still believe that new product releases and press releases will get you more mileage on a limited budget. However, this approach do take more time and thought and preparation.
But as Greg Brown says, “Time ain’t money when all you got is time”, so if your overall budget is limited, do not break the bank to splurge on a last-gasp advertising campaign.