Would you consider
yourself a marketing pro? How up to
date are you on the most important
marketing trends? We've got a fast
way for you to test your knowledge.
Take our short, 10-question quiz to
discover the information you need to
keep your company ahead of the pack.
Questions
1.
Choose the advertising medium that
influences the most local purchase
decisions:
A. Local
newspapers
B. Local online ads
C. Local television
D. Local radio
2.
This new advertising medium is the
nation's second fastest growing
(after the internet), is highly
effective, extremely low cost, and
is available in virtually every city
and town. Is it:
A. Cable
television
B. Ads in supermarkets
C. Cinema advertising
D. Ads on taxi tops
3.
Multicultural marketing offers
lucrative new product niches to
entrepreneurs nationwide. Which
minority or ethnic group has the
greatest buying power, spends almost
twice as much as the general
population on clothing and
accessories and tends to make buying
decisions based on brand rather than
price?
A. Hispanics
B. Blacks
C. Asian Americans
D. Arab Americans
4.
Many entrepreneurs send
permission-based e-mail marketing
messages to in-house lists. When it
comes to this marketing method,
which of these is on the decline?
A. Conversion
rates
B. Orders per e-mail
C. Open rates
D. Bounce rates
5.
Which of the following best
describes cable TV advertising:
A. Production can
cost between $500 and $1,200 per
spot.
B. It reaches narrowly defined
audiences within special-interest
programming.
C. Time is sold by geographic zone.
D. All of the above
6.
Which direct-response medium has the
highest average response rate?
A. Dimensional
mail
B. Catalogs
C. E-mail
D. Flat direct mail
7.
Blogs are hot, and many offer
superior advertising opportunities
for entrepreneurs. Which of the
following best describes the
characteristics of the majority of
blog readers?
A. Significantly
likely to live in wealthier
households
B. Younger than the average internet
user
C. More likely to buy products or
services online
D. All of the above
8.
When placing a print ad campaign,
the term "frequency" applies to
what?
A. The number of
times your ad runs
B. How often you change ads
C. The number of times your target
audience sees your ads
D. The number of different
publications that carry your ads
9.
What percentage of consumers
regularly or occasionally go online
to conduct research before making an
in-store purchase?
A. 40 percent
B. 25 percent
C. 75 percent
D. None of the above
10.
Ads on stadium snack-packs, posters
in public restrooms and campus
laundry rooms, advertising on golf
course hospitality carts, and ads on
the scoreboards of public tennis
courts and swimming pools are all
examples of:
A. Ambient
marketing
B. Place-based advertising
C. Outdoor advertising
D. Viral marketing
1. B
Local online ads persuade shoppers
more than ads in other forms of
media. That's the conclusion of a
study released in April 2005 by the
Dieringer Research Group. According
to the report, How Consumers Use
Media to Make Local Purchase
Decisions, local online shoppers
reported that the internet
influenced at least seven of their
purchases in the fourth quarter of
2004, while newspapers were an
influential factor for just 3.5
purchases and local TV ads affected
only 2 buying decisions. Although
television and radio are considered
informative, two out of three online
shoppers specifically research local
stores and services online.
2. C
Advertising on movie screens is now
available to entrepreneurs in most
communities nationwide. A study
published in April 2005 that was
conducted by TNS and sponsored by
Screenvision found that moviegoers
who saw in-theater ads were 44
percent more likely to remember them
than consumers who saw ads for the
same products or services on
television. The two predominant
sales units for cinema advertising
are Screenvision and National
CineMedia, and rates are based on a
weekly cost-per-screen for
advertising slides that are
displayed during the pre-show. If
your local theater has 10 screens,
you may pay as little as $25 weekly
per screen ($1,000 dollars per
month) to reach all moviegoers who
see every movie in that theater.
3. A
According to the Selig Center for
Economic Growth at the University of
Georgia, Hispanic buying power is
projected to reach $778 billion this
year. And the Hispanic Opinion
Tracker, a study published by
People en Espanol in July 2005,
revealed that Hispanics index high
for the usage of beauty products and
are major consumers of clothing and
accessories. The report states that
"56 percent of Hispanics love to
shop vs. 39 percent of the general
population." Entrepreneurs targeting
the Hispanic market should focus on
branding efforts, as Hispanic women
are loyal to brands they know and
trust, even if they cost a bit more.
4. C
Open rates have declined over just
one year ago, according to data
released in mid-September by ad
serving company DoubleClick. Open
rates in the second three months of
the year dropped to 27.5 percent,
down from 36 percent in the second
quarter of 2004. Much of this
decline may be due to new
image-blocking measures put in place
by e-mail clients and ISPs, which
prevent e-mails from being read. The
good news is conversions and orders
per e-mail are up (about 28 percent
and 18 percent respectively), making
permission-based e-mail marketing a
smart, effective tactic.
5. D
Advertising on cable television is
newly accessible and affordable,
thanks to major companies such as
Comcast, which serves areas from Los
Angeles to Miami and offers low-cost
production for local advertisers
through its Comcast Spotlight
division. The advantage of cable TV
advertising is that you can select
programming that's of special
interest to your unique target
audience. From gardening and auto
maintenance to history programming,
viewers who are engaged in the shows
they're watching are more likely to
remember your spot. And advertising
is available in zones, allowing you
to reach just a part of a single
metro area or several cities.
6. A
The Direct Marketing Association's
2004 Response Rate Report
studied data on how 1,406 campaigns
from 25 industries used 12 different
media. Dimensional mail (typically
in a box or tube) averaged a higher
overall response rate than flat
direct mail, pulling a 5.49 percent
response rate compared to flat
mail's 2.73 percent. The catalog
industry average was 2.45 percent,
and e-mail had an average response
rate of just 1.12 percent, although
its low cost made it index among the
highest for return on investment.
Entrepreneurs targeting highly
qualified, small B2B audiences can
successfully use dimensional mail to
cost effectively get past screeners
and make a strong impression on key
decision makers.
7. D
Behaviors of the Blogosphere,
a study by comScore Networks
released in August 2005, revealed 50
million U.S. internet users visited
blog sites in the first quarter of
the year. These visitors were 11
percent more likely than the average
internet user to have incomes of
$75,000 or more, 30 percent more
likely to live in households where
the head is 18 to 34 years old, and
30 percent more likely to buy
products or services online. In
fact, the report showed the average
blog visitor who shopped online
spent approximately 6 percent more
than the average online buyer.
Together, these characteristics make
blog readers an attractive target
audience.
8. C
Novice media buyers often
erroneously believe that frequency
is the number of times a single ad
runs. Instead, it's the number of
times your unique target audience is
expected to actually see your ad.
For example, most of a magazine's
subscribers won't see every page of
every issue. That's why it's
essential to advertise more than
once to achieve a frequency of
one--even if you're using a
full-page ad--and continue
advertising with sufficient
frequency for your message to
penetrate.
9. C
In the Consumer Intentions and
Actions survey released in March
2005 by BIGresearch, seventy-five
percent of consumers said they
conduct online research before
buying off-line. So if you're a
brick-and-mortar retailer with an
online presence, this underscores
the need to make the shopping
experience customers have on your
website mirror the positive
experiences they enjoy in your
store. If you sell solely online,
it's essential to capture and hold
the interest of shoppers by
providing in-depth information,
on-site search, product photos,
online customer service and multiple
payment options. Incentives such as
free shipping also work to ensure
shoppers complete their purchases on
your site.
10. B
Place-based media, or what the
industry calls "alternative
out-of-home," goes anywhere and
everywhere consumers do. The best
place-based media venues reach your
prospects when they're in a position
to buy what you sell or are in the
right frame of mind to be receptive
to your message. You can reach
exercisers at the gym,
businesspeople on their way to work
or pet owners--by acquiring naming
rights--on the local hiking trail.
The options for place-based media
are almost limitless.
How Did You Score?
Nine or more correct:
Congratulations! You're a marketing
expert.
Six to eight correct: Your
marketing knowledge is a bit rusty.
Time to brush up.
Five or fewer correct: You
may be a marketing novice, so read
and learn all you can.
Kim T. Gordon
is the "Marketing" coach at
Entrepreneur.com and a
multifaceted marketing expert,
speaker, author and media
spokesperson. Over the past 26
years, she's helped millions of
small-business owners increase
their success through her
company,
National
Marketing Federation Inc.