There are many ways to market one’s product or service. One of the most powerful forms of advertising is advertising outdoors. In the UK, this is a booming market and because of this, outdoor advertising space can be hard to come by at times. However, once the space has been secured, any business will begin to see the benefits of this form of advertising.

Captive Market

With all of the cars on the road, the people who are driving those cars have no choice but to look out their windscreen at their surrounds. Part of those surroundings are the marketing campaigns utilising advertising outdoors. With the popularity of holiday ventures to rural areas as well as camper trailers, not to mention urban driving becoming more and more common, there are avenues for any marketing campaign that will get seen by thousands or hundreds of thousands of people a day. The advertisements outdoors make big statements and cannot be ignored, unlike other advertising mediums, such as a reader skipping advertising pages in a magazine.

Repetitive Exposure

On top of guaranteed views of an advertising campaign, there is a high level of repetitive exposure to the same advertisements. The typical commuter drives the same route five days a week so that means that any given outdoor advertisement will be viewed by that driver repeatedly during the week. Repetition in advertising is difficult to obtain in most mediums but while advertising outdoors, it is one of the most cited reasons for choosing this medium for advertising.

Gets to the Customer at the Right Time

With any marketing campaign, timing is everything. A bold advertisement is lost if there is a large amount of time, from the advertising impression, to the decision to make a purchase. Outdoor advertising minimises that time, sometimes dramatically. Advertising a product utilising an outdoor ad in front of the store where that product is sold is the most striking example of this. However, even having a product featured on the expressway will still leave an favourable advertising impression when a person stops at their local market before heading home after a long day at work.

Outdoor Advertising is Cost Effective

When looking at the cost per viewer, no other advertising medium is so cost effective. While an advertisement in a magazine may be a bit more targeted toward an audience, the cost per impression is dramatically higher than a high-quality and dynamic advertisement placed outside. Getting repeat exposure for the same product requires even more outlay of capital from a company’s marketing budget, yet with outdoor advertising campaigns, the same commuter will see the advertisement for weeks before beginning to truly ignore it.

The initial cost for an outdoor advertising campaign is fairly low as well, depending on the location and size of the advertisement. As with other marketing outlets, size and the variety of colours affects cost. However, compared to most other marketing mediums, the initial cost is most often lower and the monthly cost after the first month is more of a rental agreement and maintenance fee agreement, rather than a reoccurring fixed cost.

Key #1: Focus
When we focus our business to serve a niche market we create a compact business strategy that knows the ‘ins and outs’ of our market’s needs. Our web page speaks to a select market from an expert point of view. Speaking from authority that respond to a familiar need with a focus is a powerful way to attract your niche market. It is called marketing by attraction, or pull marketing.

A niche market may include a million potential buyers, or ten million potential buyers. A small business web site would most likely be pleased with having 10 thousand potential buyers, and to get attention from a niche market of 10 thousand buyers we will need to focus.

You might be inclined to try and sell to a wider market than a specific niche. The broad approach is common and it most often fails because in trying to speak to everyone it speaks to no one. A broad message is lost on all aspects of your market when they have a specific problem to solve.

The majority of business web sites seem to have fallen for the false idea that a web site can sell to the world. The reality is that the web creates a one-to-one relationship. Our web sites need to be more specific to each aspect of our web market.

For instance, a web designer may develop a niche market for business owners that are new to the web. There is also a niche market for those business owners on their second or third web design and the changing needs of that niche. A niche exists for certain professions like a dentists or a realtor.

Of all the different kinds of businesses needing a web design it will be a specialist that can be found quickly and the business jargon speaks volumes to the client.

Key #2: Specialize
You will need your web site to speak about how you specialize in order to attract attention from an important niche that exists within your wider market. Your web site may sell picture frames but you specialize in wooden frames. This would be your primary market, but you can still sell other types of frames. The important thing is to capture your special niche market because it is obviously a big enough market for you to want to specialize in.

Creating a web page for a niche market is often referred to as building a landing page when you have more than one niche market to serve. When this happens then you pull one niche to a certain landing page and pull another niche to a different landing page. Keywords play a big part in which landing page is delivered.

Call them by name:
It helps if your web site can address your niche market by name. Something like “wooden picture frame lovers… ” should catch their attention and from there you can talk about the unique features of wooden picture frames.

Why does your business specialize in wooden picture frames and why do you love wood and like to work with wood? When you speak this way about why you truly appreciate wooden frames your web site is expressing your values as a knowledgeable business owner. Your niche market likes this and they identify with your business because they share the same values.

Key #3: Be of Service
As you build content for a niche market you help them to feel right at home. The jargon you use and the solutions you offer provide a unique experience for your niche market that otherwise have to guess if a web site really does offer a solution for their specific needs.

Your niche market becomes comfortable because you are serving their need to find trust, quality and respect for the values they share with you. This is an unspoken service because your web pages doesn’t say, “We are trying to make you feel comfortable and let you know that you belong here with us”, but this is what your market feels just the same.

When your web site provides insight and helpful information for choosing products and services you’re pulling your niche market in. Your market is not only made more comfortable they are educated in ways they never knew before. This is because their needs are unique to the special niche they are a part of. The market that loves wood probably wouldn’t know why a hardwood may suit some projects but not others. Members of your market may only want the appearance of wood and not care about its other qualities. There are so many things to talk about in providing good service.

Okay, you don’t sell wooden picture frames
Almost every business will have a lot to talk about that is informative for their niche market. As the market become more knowledgeable on the features and functions of a natural product (or your product) then you can educate them on being price wise so they don’t purchase the cheapest product and end up being dissatisfied.

Your service needs to extend beyond the price so your market can purchase in the price range and other considerations that is best for them. And this is true whether the final price is high or low. Good service provides all the important reasons for spending less or spending more so that the final purchase is without regret.

This is truly being of service and it is that old time value we loved about the local business owner that we could always trust to keep us safe while giving us their best information.

Key #4: Search Engine Placement
As you build quality content that covers all the bases in your niche market from beginning (curious) to end (sophisticated answers) you will also be completing your own page SEO. You used to pay big dollars to an SEO expert so the search engines would place your site high on the list for your search terms. Today, it is by providing the quality content that you also complete the SEO for your page.

Over the years Google has changed and the new requirements are that your web site needs quality and quantity when it comes to relevant web content. An SEO specialist cannot do this for you. They might be able to tweak your content slightly to perform better, but no one can support your market as well as you can.

These changes by Google fit perfectly for focusing on your niche market. In the process of providing insight and specialized knowledge for your niche market your web pages are sharing unique information of quality that search engines want. Search engines are in the business of listing the most relevant pages for a search. By giving your niche market the information that helps them the most you are also giving the search engines the pages they want to deliver. It is called symbiosis.

If you didn’t write content for a niche market you would be writing content to cover a broad market and then your business web site would read more like a department store than a specialty shop. But – and this is a BIG but – even a department store needs to have landing pages with a tight focus for a specific (niche) market.

Google will choose pages that provide a specific focus to match a keyword search. Those broad general market descriptions so many business web sites use to attract everyone in the world do not capture the interest of any particular market, and they do not attract the interest of search engines.

The common search terms used to attract traffic are not specific enough to capture the interest of a niche market. What really happens is that the common search terms act as the default. When there is nothing else to choose then common terms will have to do.

Your web site, written for a niche market you are familiar with, is far from common and a niche market will close in on your site with the keywords that identify their need for information.

WHAT IS A PENNY AUCTION?

Penny auctions have exploded in popularity with the massive growth of the internet. However, few people know the true origins of penny auctions.Beginnings actually stretch back to the Great Depression. Those were hard times for everyone, but even harder for farmers. Farmers struggled to bring in steady income because of droughts and crops not selling as well as they had previously. As a result, the banks would foreclose on the farmers who couldn’t keep up with their mortgage payments.

The banks weren’t satisfied with just repossessing the house, they wanted to raise as much capital as possible, so they resorted to selling off the possessions of the owners of the repossessed houses. There was not much the farmers could do about it so they began bidding ridiculously low prices, pennies, on the items while threatening others who dared to bid higher than a few pennies.

The auctions of today hardly resemble their tremulous beginnings. Being part of a penny auction today is exhilarating, fun, and addictive. It combines the selling format of auctioning with a little bit of chance factored in.Auctions are a game of strategy but also a game of luck.

The premise behind penny auctions is giving people the chance to win an item at a drastically reduced price.Auctions make that possible by spreading out the cost of the product among multiple bidders. In order for a person to take part in an auction, they must pay a set price for each bid. For example, if a person wanted to bid on a fifty dollar Amazon gift card then he would spend a dollar for each time a bid placed. If he ended up winning the gift card, then he would only have spent a few dollars for a fifty dollar gift card. Usually penny auctions sell bids in packages.

HOW PENNY AUCTIONS WORK!

The main foundation of penny auctions is the pay-per-bid format. It is the key that allows bidders to win items at the fraction of their retail value and allows the auction owners to keep their site profitable. Most y auction sites run on the same premise: people pay a set amount for each bid, whenever a person places a bid within the closing seconds of the auction time will be added, the last person left with a unique bid after the clocks runs out will win the item. There are a large variety of items that can be won, but they tend to be popular electronics or gift cards to popular stores.

There are two types of auctions: lowest unique bid auction and highest unique bid auction. Lowest unique auction sounds confusing but it is actually quite simple. A unique bid is when only one person has a bid at a certain price. Bids usually start at one penny, a bidder can then place a bid at two pennies. Until another bidder places a higher bid, the most recent bidder will be the lowest unique bid because that was the only bid at two cents and nobody bid higher. However, penny auctions generally don’t stop at one penny. It is not uncommon to find auctions that end up at a couple hundred dollars based on the popularity of the item being auctioned. However, the same principles apply for those auctions. Highest unique bid auctions follow the more traditional auction format such as eBay. The person with the highest bid at the end of the auction wins the item.

Auction site owners turn a profit by selling bids. Say twenty people are bidding on a ten dollar gift card at one dollar per bid, at the end of the auction if there were twenty bids placed in total then the site owner would have made twenty dollars with a ten dollar profit.Auctions do seem like a win-win situation:The site owner makes money while the bidder gets an item for dirt cheap. However, not everyone wins in penny auctions. The people who paid one dollar each bid but left with nothing to show for their investments will not be so happy.

HOW TO WIN!

Penny auction has a lot of chance mixed into it, but one can incorporate strategy that will help raise the chances of winning. Playing smart can make all the difference between gambling and auctioning.

The first crucial tip to winning penny auctions is to know how to manage your bids. Your goal should be to win as much as possible without spending a ton of money buying bids. Managing your bids means that you should already know how much you are willing to risk in order to win an item. The amount of capital you are willing to risk will determine how many bids you can use. Once you know how many bids you have to spend on an item, then you will be better able to manage how and when you place a bid. That will keep you from blowing away all of your bids in the first few seconds of the auction.

The next tip is to practice time management. When fighting in the trenches of penny auctions, you have two enemies: other bidders and time. Knowing when to bid is a must if you want to have success. Placing a bid when there is a lot of time left on the clock is never a good idea. You have to remember that the key to winning a penny auction is being the last one standing when the clock runs out and that each bid increases the amount of time left. It would be a good practice to wait until the last few minutes of the auction before you begin to bid.

The final tip for successful auctioning is to keep your emotions under control.Auctions have a lot of similarities to gambling, and just like gambling, your spending can get out of control. If you keep your emotions level, it will keep you from making rash decisions and blowing loads of cash. Keep your mind clear so that you can gage the behavior of the other bidders and outsmart them.

HOW TO AVOID SCAM SITES!

Penny auctions are a great addition to the web whether you want to win an item that otherwise you wouldn’t be able to afford or if you simply enjoy the thrill that comes with bidding in auctions. Unfortunately, scam sites have tarnished the reputation of the legitimate penny auction sites. However, there are ways that you can protect yourself from scamers and enjoy your auctioning without having to worry about losing your money due to dishonesty.

Checking the reputation of the auction site before you start spending your hard earned money is always a good idea. Chances are other people have tried the site before you and some of them have left reviews. The reviews are your way to gage whether a auction site is trustworthy or not. If a site is getting overwhelmingly negative reviews, then that is a clear indication that you should steer your business elsewhere.

Another tool you can use to protect yourself is checking the Alexia ranks of the auction sites. Alexia rank will give a solid view of how much traffic the auction is getting. If you see a huge difference in the amount of traffic Alexia is projecting and the amount of active bidders on the site, then warning signals should be ringing in your head. Some auction sites have been known to set up robots that automatically bid on projects in order to keep the auction going and inflate the price. That is known as shill bidding. You can sniff out those sites by comparing the traffic the site should be getting to the amount of users using this site.

CONCLUSION!

New legislation may come out later down the road that will officially make penny auctions gambling, but until then, it is a fun, exciting auction that allows one to win the item they’ve always wanted but couldn’t afford.Auctions are also quite lucrative for the site owners because of the pay-per-bid strategy they’ve incorporated. Penny auctions had humble beginnings with farmers who just wanted to get back at the banks who kicked them out of their house. More recently, auctions have enjoyed an explosion in popularity with the rise of the internet.

There are two main formats fora auctions, lowest and highest unique auction, however they both run on the same premise where the last unique bid wins the item. Winning a penny auction will require a certain amount of mental tactic and a bit of luck. However, you can increase your odds of winning by practicing certain techniques such as managing your bids wisely, learning how to work with the time, and keeping a level head and your emotions under control. When you combine those three strategies to your bidding plan, you will find that you win a lot more often.

It is important that you do your due diligence to protect yourself when participating in auctions. Not every auction is run by honest and trustworthy people. There are people out there who just want to take your money. You can protect yourself by ensuring that you only bid on sites that already have a very positive reputation from real users.