We are currently running a radio campaign with Mercia FM which covers the Coventry and CV postcode area for My local Services. It's only been going since August 01, but we have had some excellent feedback and some direct sales. Our main aim is as a branding experiment, so it was never meant to pay for itself through sales, but there is some good advice here, and certainly never rely on one form of advertising. There is no subsitute for getting out there and handing out the flyers!
The jurys out on whether we will extend the campaign as it is a very expensive meduim, but in our test area, we have supplemented it with a liveried taxi, which has produced some excellent results, including partnership deals from businesses that only became aware of us by seeing the taxi.
If you have the budget, and are happy to write it off against radio advertising, then go for it. If the budgets tight, then go for marketing that you can quickly see a return and results, such as buying in new business start up data, or mailing lists. For example, we know that if we buy in new business start up data, we can close 20% on average as sales. This makes this a far more productive use of budget and generates revenue, rather than burning it on radio.
So for us, its purely a branding experiment, if your budget is tight, there are much better alternatives.
If anyone wants to hear our advert, it's on our parent company site, and auto plays when on the home page.
www.lowigroup.co.uk It takes a while before it starts as it has to stream an MP3 file. I personally love it, its annoying and tacky, which prob speaks volumes for me
