Originally published 9-22-2015. Updated 8-14-2020
We’ve said it before, and we’ll say it again: advertising is an investment, not an expense. In the first of our 12-part series on causes of advertising failure, we’ll delve into the marketers desire for instant gratification, and why it’s an unfortunate approach when it comes to your business.
We get it, advertising, especially as a small business can be a pill. You don’t have a large budget, and chances are you don’t have the time to really sit down, study your books and create a solid budget. We understand. Yet, regardless of these roadblocks, the bottom line is, that if you want your business to succeed, you’ll must allocate dollars to advertising. Viewing your advertising as a long-term investment will make an important difference in your advertising efforts. Advertising is not about instant gratification. If all you can see is the money, you’ll discover quickly that the amount you make probably isn’t worth the amount you’ve spent. However, if you can look past the advertising bill, to the much bigger picture: building the long-term future of your brand, as well as the short-term gain of sales, you’ll realize that advertising is worth every dime and minute spent.