Each of the vendors who sell to your store has assigned a sales representative to work with you. These people visit you on a regular basis — of course they do, they want to sell you stuff! These sales reps are a great place to start the process of finding co-op funds. Even though they may not be inclined to offer you information on co-op funds on their own (because of some bonus arrangement they may have with their employers), they can definitely tell you about them if you ask.
If you get a positive response from one or more of these sales reps, get the lowdown on how you can go about collecting some of this money. Ask what you need to do to qualify for funds, and what, if you do qualify, they require you to do in order to receive a check. If the manufacturer’s rep tells you that no co-op funds are available to you, press the issue and ask whether vendor dollars are an option (which have no strings attached other than a few initial qualifiers).
You may also want to talk to the marketing and/or advertising managers of these suppliers. These people control the advertising funds (including co-op money), which means you can get your answer straight from the horse’s mouth. If the marketing or advertising manager says that the company doesn’t offer co-op funds, show how smart you are by asking for vendor dollars. This question definitely gets a marketing or advertising manager’s attention because, chances are, he’s never mentioned these available dollars to anyone.
If you’re working with an ad agency, ask your agent what her experience is with businesses similar to yours, and where these other businesses may have found co-op money. Agency people know where the bodies are buried, as they say in the ad biz. I even know of one group of radio stations in my area that has a co-op department for the express purpose of helping its direct advertisers find money they may not otherwise have known was available to them. (Of course, the radio stations benefit from this found money, too, because the companies spend that money advertising on their radio stations.)
One way or another, ask as many people as you can think of within the various companies you deal with about co-op funds. Unless you’re selling something obscure like arts and crafts made by individuals, you’re likely to find some hidden money somewhere.
Advertising, despite whatever impressions you have or information you’ve heard, isn’t complicated — or rather, it’s only as complicated as you want it to be. Welcome to the advertising tutorial guide.
Tuesday, September 28, 2010
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Blog Archive
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2010
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September
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- Image is everything
- Understanding Why People Choose One Product or Ser...
- Defining and Positioning Your Message
- Advertising cooperatives: Not the same as co-op funds
- Submitting your co-op claims package
- Obtaining proof of performance
- Getting your ads preapproved
- Understanding the Rules, Regulations, and Restrict...
- You’ve found your funds, now how do you get the do...
- Knowing who to talk to
- Finding Out Which of Your Suppliers Have Co-Op Fun...
- Knowing Who Uses Co-Op Funds
- Boosting Your Budget with Co-Op Programs
- Using media you can afford
- Getting the most out of your creative and production
- Maximizing Your Budget
- Knowing your product’s appeal
- Identifying your target market
- Researching and evaluating your competition
- Developing an Advertising Strategy and a Tactical ...
- Determining How Much You Can Afford to Spend
- Setting and Working within Your Advertising Budget
- Wieden and Kennedy
- Bill Bernbach
- David Ogilvy
- Lessons from the Legends: Figuring Out Your Advert...
- Poring over publicity
- Ogling online ads
- Scrutinizing outdoor advertising
- Musing upon direct mail
- Contemplating print
- Rating TV
- Regarding radio
- Getting to Know Your Media Options
- Making Advertising Work
- Advertising: Mastering the Art of Promotion
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September
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Labels
Advertising 101
Mastering the Art of Promotion
Boosting Your Budget with Co-Op Programs
Defining and Positioning Your Message
Getting to Know Your Media Options
Setting and Working within Your Advertising Budget
Understanding Why People Choose One Product or Service over Another
Understanding the Rules Regulations and Restrictions
Developing an Advertising Strategy and a Tactical Plan
Figuring Out Your Advertising Needs
Finding Out Which of Your Suppliers Have Co-Op Funds Available
Maximizing Your Budget
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