Wednesday, May 6, 2009

We Still Love our Cars!

In my first April post, I flashed a beacon of hope for realtors that there was still hope and that people were still planning to buy homes (http://www.businesscardcontacts.com/2009/04/realtors-homebuyers-are-still-out-there.html). So, it is only appropriate that in one of my first posts of May that I flash another beacon of hope. This bit of encouragement is for those in the business of selling cars.

According to an online survey conducted by R.L Polk & Co., more than half of consumers in the U.S are planning to purchase a car within the next two years. Although many consumers are wary of buying from American automakers, this is still a good sign for auto retailers.

The percentage of people looking to purchase varies among regions. The survey results show the Great Lakes as the region with the lowest percentage, but even they have 51% looking to buy cars within 2 years.

So, for car dealers in the Hudson Valley, and even those looking to sell their own car, the auto market is not frozen. More than half of consumers are still shopping for cars and planning to make this purchase within the next two years. Make sure that you have the kinds of cars that they are looking for in their inventory. They want reliable, affordable, efficient vehicles. And the Eco-friendly trend is here to stay.

June Bisel
BBG&G Advertising and Public Relations
BusinessCardContacts.com
845-695-1880
smartstrategies@bbggadv.com

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Tuesday, April 7, 2009

More thoughts on coupons

While social media is currently attracting the most industry attention, it is not the only way for businesses to target younger people online. And, it still has not proven itself to be a profitable means for advertisers to target and engage consumers. A new study from Information Resources, Inc shows that online coupon offers are still a very effective means of prompting young consumers to make purchases.

Half of 18 to 24 year olds reported that they would be very likely to use online coupons. Older age groups reported only up to 40 percent that would take advantage of online coupon offers. Newspaper coupons were reportedly dominant than their internet counterparts among all age demographics, the biggest margin being in demographics of 25 and over.

I still want to caution you on the consequences that moderate to heavy reliance on coupons can have on consumer perception of your company. Your product offerings must bring value to younger consumers in order for your online coupons to bring lasting profitability to your business. (Read the downfalls of frequent coupon usage in my March 12 post, http://www.businesscardcontacts.com/2009/03/other-side-of-coin.html).

Use coupons sparingly. Only with the proper implementation can internet coupons boost your sales to younger audiences and bring long term benefits to your business.

June Bisel
Partner, BBGG Advertising and Public Relations
BusinessCardContacts.com

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Tuesday, March 24, 2009

Relationships, Relationships, Relationships

Sometimes, the key isn't who you know, but if the people you do know trust you and respect you. A key ingredient to success in business (so important that I had to say it 3 times in the title) is your ability to develop positive relationships with people. For those in retail settings, the first step is showing consumers that they are of great value to you. 

But the importance of relationships transcends your company's dealings with customers. It's people that make businesses tick, and your company's relationship with those people can either help or hurt your business.

It is important to your business that positive relationships are kept between your company and its vendors, manufacturers, and any other entities that your company has contact with along the supply chain. When the economy is as bad as it is now, many businesses are looking to cut costs. If your clients trust you and feel that they are valued by you, then your company is less likely to be cut when budgets tighten. 

Find ways to establish trust and credibility to your corporate relationships such as making calls to ensure quality or being insightful in your offerings of new services. Don't make others feel that you are offering a different service just to fill some type of quota for the month, but rather because they will actually benefit from it. 

And enjoy your business relationships. After all, if you're like most of us, you spend a good amount of time doing business.

June Bisel
Partner, BBG&G Advertising & PR
BusinessCardContacts.com

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Monday, March 9, 2009

Research-The Unsung Hero of the Marketing Program

Research s key to any successful marketing program. Often it's also the main reason behind why other programs fail. We've all heard the phrase, "What you don't know won't hurt you." And as we all know, this phrase is usually used by someone trying to avoid telling you something that is going to hurt you. The same applies to marketing.

Read my latest article published in the Hudson Valley Business Journal describing ways to make the most out of your marketing program through smart research strategies.  


June Bisel
Partner
BBG&G Advertising and Public Relations

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