The Money Faucet

Two paths to marketing.

When you’re launching a new marketing campaign, this trail splits at the trailhead.

There are actually two paths that have different end goals, but both of them get you up the mountain.

You need to choose between a Direct Response campaign and a Branding campaign.

Direct Response

Direct Response campaigns are about accomplishing a specific goal within a certain amount of time in order to gain a Return On Investment (ROI).

The best performing Direct Response campaigns have an offer and a deadline. There may be a sale for a limited time, an event on a certain date, or a coupon that expires. These campaigns leverage urgency and “fear of missing out” to encourage action. Ideally, you would be able to track your sales starting from dollars spent on ads all the way to net profit.

Branding

Branding campaigns are about awareness and are a very slow burn. This trail will be flat for a long time, and you just need to keep putting one foot in front of the other until you start to see an incline. On average, it takes seven ad impressions before a viewer will acknowledge your brand.

Direct Response campaigns are like turning a faucet on and then off. You pay to play, and expect a result within that timeframe.

Branding campaigns are like paying a utility bill. Over time you’re building “brand equity”, but it’s a very slow burn.

For most small businesses, Branding campaigns are something to grow into once you have a Direct Response system that works well. It’s a long-term investment in your business that pays a return in years, not months or weeks.

Everyone wants both outcomes from their marketing, but you have to choose.

Which type of campaign are you running right now?

This is from Trail 6 of Profit Hiker: 11 Trails to gain lasting elevation in your business. Find the book right here and the program over there.