Professional Sound - April 2019 | Page 9

INPUT The Aha Moment: The Importance of Advertising By Peter Janis I recently found myself in the Crowne Plaza Hong Kong’s lofty rooftop bar and started chatting with some fellows in the “branding” business who were in town for a trade show. Their business is to connect well-known companies such Proctor & Gamble, BMW, or Lululemon with manufacturers of eyewear, cosmetics, or household bleach. This allows the known brands to focus on their primary business while leveraging their brand to sell other products. One such connection put Bentley together with an Italian furniture manufac- turer to produce Bentley-branded sofas and coffee tables. The manufacturer benefitted by having an iconic luxury brand on its product that could command a higher price while Bentley made extra pocket change through a licensing agreement. The point here is that branding plays a critical role in a business’s success. It does not take a rocket scientist to un- derstand the power of a brand and its correla- tion to advertising. Open a lifestyle magazine or the in-flight publication stuffed into every airline seat and the first dozen pages are lit- tered with big brand advertisements. You would not believe how often I have heard that print ads are dead. If that’s the case, then why is it that the biggest consumer product manufacturers from cars to fridges to computers to perfume continue to spend billions each year on print marketing? Take a minute to page through music industry mag- azines such as Premier Guitar, Guitar Player, or Recording and you will see double-page spreads by Sweetwater, one of the world’s largest online retailers. In Europe, Thomann does the same. These big companies hire the smartest people in the marketing world. So, if print or print ads are no longer relevant, why do they do it? Simple: they want their brands to be ubiquitous and drive as many eyes as they can to their websites. Creating market and brand awareness is critical for any business. In the old days of Yellow Pages, A-1 Plumbing was only outflanked by AAA-Plumbing. Today, Google ranks brands by top searches and this is only outflanked by those that spend money on keywords. Before we became a connected society, we would shop for a guitar amp by visiting a local music store to get “professional” advice on the limited options that were available. Go back even further and take a look at an old Eaton’s or Sears catalog; you would be amazed at the number of pages describing the latest technological advances in pianos, accordions, and pump-organs. Information was and continues to be the driving sales factor, only today, we go online to discover the latest and greatest, paging through forums, reviews, and videos before we make a buying decision. Then as soon as we do so, Google reorganizes the information we see by sending us sponsored links on the pages we visit to guide our buying habits. Do a search for a YouTube video and next thing you know, an ad pops up for a Honda lawnmower. The problem today is that there is simply too much information to weed through. Who wrote the article? Where is it posted? Who do you trust? “Real” printed magazines bring a sense of trust to the landscape in a world that is filled with questionable news sources because the belief is that if a printed maga- zine is in business, it is able to pay qualified writers to bring well-researched articles to life that are free from advertiser pressures and self interest. In other words, they represent real value. As a former CEO that spent well in excess of $1 million per year on print ads, I was and continue to be a firm believer. What guided these original thoughts was completely self-serving. When we started Radial Engineering, I could not believe that magazines had little or no interest in espousing the benefits of a direct box with multi-page editorials. Why was it that guitars, concert PA systems, and digital recording software got all the press while the DI box was relegated to a brief paragraph? I remem- ber trying to coerce magazines by soapbox- ing: “If your editors are not interested in telling your customers about direct boxes, then why should I advertise? Clearly your readers have no interest in my products!” This was obviously not the best tactic. Taking the ball home only takes you out of the game. Truth is, DI boxes are not sexy; therefore, they do not get the press. Instead, I decided that the only way forward was to “control” the editorial message by telling “my story” in an ad. So, advertise we did. I think at the peak, we were in about 40 magazines that spanned instruments, pro audio, hi-fi, and commercial sound. By controlling the message, I could get artists to tell the world that our widget was better and, eventually, the market bought in and Radial become the number one DI box in pro audio. The aha moment was clear: I had to com- municate my own message to the market. Sweetwater and Musician’s Friend spend money on print ads to bring consumers to their website. The intent is to capture the buyer, make them a regular visitor, and turn them into a customer that will spend money. To bring a greater perspective to the equa- tion, both Musician’s Friend and Sweetwater produce hundreds of thousands of printed copies of their own in-house magazines, newsletters, and catalogues, and even go as far as providing how-tos and product reviews for users. Anyone can post something online that promotes one product over another, but there is an “entry fee” to having your mes- sage in print. This sets you and your brand apart. Consumers buy the brands that they recognize; they also buy from the brands that they trust. It is up to you to create confidence in your brand by telling your story in the media. This is best done by creating multiple platforms that include ads in magazines, an easy-to-navigate website, editorial that is of interest to your audience, and efficient communication to consumers that may ask questions. You have to build a relationship with your customer by creating trust. While travelling, I did a search for Radial in Bali and again in Hong Kong. In each case, Radial Engineering came out on top, yet we never spent a penny on keyword ads. It’s simple: people see our print ad, they search for the brand, and rankings go up. Formerly the president and CEO of Radial Engineering Ltd., Peter Janis has been in the Canadian music industry for over 40 years, working in retail, distribution, and manufac- turing. Peter now offers consulting services with his firm Exit-Plan, where he assists busi- ness owners in increasing their sales and enhancing the attractiveness of their business in preparation for retirement. For more infor- mation, visit www.exit-plan.ca. PROFESSIONAL SOUND 9