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While it may sound like a gimmick, there are very real
possibilities to generate dollars-if you are willing to give it a try!
It's not necessarily easy work. There's a lot of effort required to get
your operation up and running. But dedication to the task and motivation
towards the end goal of being in business for yourself should provide
substantial impetus for you to launch this project. All you have to do is determine how many hours you want to work at
your new "side" business to start and plan accordingly. Don't try and
overdo. Simply work hard and smart in the few hours you've allotted.
This way you can test it out, see if the business has the kind of
potential you believe. If it does, you can gradually work more hours in
it until your income is well past what you made before. The difference
is, now you're doing something you love. So, start believing in yourself and read on. A Chance to make money
while watching television awaits. OVERVIEW OF THE TELEVISION SCENE Television pounced upon the scene during one of the worst economic
periods in US history--the Great Depression. As a result, T.V.'s
introduction to a potential viewing public went largely unnoticed.
People had more than enough to do trying to provide for their families.
We will introduce you to several opportunities in the expanding
television market. But it will be important for you to understand what
you're seeing on television. Watch the commercials on any network. See
if there is any pattern, any trend to what's being sold-- and how. Take
notes and see what you've learned from this viewing. Who are the ads
directed at? Are they visual? Talky? Funny? Serious? What are the
products being sold most often? Does it vary by time slot? You can make
a reference chart for yourself as you digest and interpret this
information. WORKING IN ADVERTISING -- WITH LOCAL BUSINESSES Begin to draw up a large notebook of your impressions along with
specific data about when the ad ran and for how long. Amazingly, local
companies contract for a certain number of ads running for a certain
length, at a particular time of day, yet they are unable to monitor
whether the ad ran or not. You may also notice that the ads are time-
sensitive, such as advertising a sale for a certain time period. If the
ad is run after the sale is over, it's a waste of time and money for the
company, yet they may never hear about it from anyone. What if there was something wrong with the sound? Or the information,
such as a wrong address typed on the screen? Any mistake will likely
cost the advertiser and more then one or two errors will severely affect
the company's credibility. Advertising is not cheap, and if not done right, can cost a local
business hundreds, even thousands of hard- earned dollars. Most
companies can't afford that and no company wants to see any valuable
marketing dollar thrown away. The whole purpose of advertising is to
reach a specific market at a specific time with a specific message.
Anything other than that is unacceptable. Now, you've been at this for two or three weeks and have a pretty
full log built up. You've noted the several businesses you've
specifically monitored, and made notes as to any errors, patterns and
potential results you think the local business will realize. Now what do
you do with it? It's very simple! You're going to call the companies for whom you've
been tracking this information. If the business is small enough, you'll
probably want to contact the owner. For larger firms, ask for the person
in charge of advertising. When you reach your contact, identify yourself
as the owner of a local advertising monitoring service and you'd like to
share some information concerning a recent set of ads the company ran.
Then recite any errors, mistakes, mis-broadcasts, viewing problems
and give the exact dates and times for any of the above. Not every
company will give you an open reception, but some are going to be
impressed with the quality and accuracy of your information. It will
also mean bottom-line revenue for the company, since a station will
refund some or all of the advertising money spent because the
advertisements did not run as planned or promised. You never thought watching the commercials could be so rewarding, did
you? Once you've passed this information along, offer them a formal,
written report that you'd like to hand-deliver to the company contact.
Point out that this service is available to the local business to
specifically track their advertising results in terms of actual
broadcast. A written report is very professional and may give the impression
that you've been doing this for a number of years. They may also be more
inclined to try you out for a couple of months to see if your service
continues to help them. It will certainly give them much more
information than they currently have. You can decide how to charge them, by hour or on a monthly fee basis.
Don't set your price too high. Your ultimate goal is to obtain several
clients for whom you can track advertising, since you can watch the same
amount of television and record for a number of area businesses. Don't limit yourself to only area businesses, either. State-wide or
national firms have even less ability to monitor local broadcasts, so
they could be a large source of monthly fee revenue for you, too. Your
list of prospects to contact about your monitoring service is growing
rapidly, isn't it? It will be important to you, after contracting a client, to know when
their advertising is supposed to be broadcast. When you started, your
viewing was pot-luck, but now that you have a client or more, you need
to be able to specifically monitor the showing and not leave your seeing
it up to blind luck. Get all the details to allow you to monitor
properly such as length of advertisement, number of times it is supposed
to be shown, time frames it's supposed to run, that type of specific
detail. Without this information, you can't do a proper job of
determining if things are going according to the company's contract with
the television station. A copy of that contract itself would be ideal.
Once you have this information, you can record it in your log book
and stand watch. This will give you the comparison information you need
to do your work. The company will no doubt feel that your nominal charge
for this service is well worth it. As you increase confidence in your ability to do this work, you can
try for even larger accounts. While nationwide advertisers often have an
ad agency that does tracking for them, it is quite often limited to big
cities. No one is likely keeping track of small town broadcasts yet
these can be of importance to the company advertising. Several large
firms sell many of their products to the small-town customers and your
monitoring service can tell them if they are reaching people in your
area. The longer you work in this service, the more successful you'll be.
As time goes on, obtain client referral letters and testimonials from
your existing customers. This will come in handy when you begin pursuing
the larger companies who advertise in every state and who are more
likely to pay fees to a monitoring service to be sure they are getting
the most for their money. NATIONAL MANUFACTURERS AND OPPORTUNITIES Start with the companies you are monitoring advertising for and
expand from there. For your current customers, ask them about new
products in the developmental stages. Since your customers are already
doing television advertising, you won't have to convince them of the
benefits of pursuing this media outlet for sales results. You might wish
to read and study a few books about television advertising in
preparation for this phase of your business. Get familiar with all of
the quirks of this business. However, your best learning tool is to watch advertisements that you
know are successful. Why? Try and determine if they've hit on a formula
for success. Compare successful ad campaigns and look for a unifying
theme-- audience, message, comedy, visual, talky, what? What makes these
campaigns successful and others--who have perfectly good products to
sell--not? Not all of this will have a logical answer. People often buy on
emotional impulse, not practical reasoning, and this sometimes defies
answers. Who would have predicted the success of Mutant Ninja Turtles?
This feedback has given you the basis for a television and/or radio
script, which can now be written once you and your partner have
evaluated the information. It may require some product modification, but
better to find that out early before too many are made. The script will
be based on what people liked the best about the product. Emphasize it!
Their reactions will likely be no different than those that will be on
the listening end of your advertisement. Don't worry if you've never
written one before. You've now heard hundreds of them on television
through your monitoring service. The script will practically write
itself. People buy for hundreds of different reasons and not all of them will
make sense to you. So, don't discard people's reactions or comments to
your product because you think they're "dumb" or "hokey". Just because
you wouldn't respond to a product that way doesn't mean the rest of
America won't. Keep an open mind. There are thousands of manufacturers who are potential clients for
you. And, as you'll soon realize, having a piece of the action by making
a percentage of the profits deal is a fast way to potentially make a
fortune in earnings. Put together a few of these deals and you'll wonder
why you didn't get into business for yourself first. And this all
started because you began watching commercials on TV! STARTING YOUR OWN RATING SERVICE So many careers hang in the balance as a result of the Nielson
ratings. Shows are kept or canceled as a result of who's watching, the
only measurement of which are these ratings. The Nielson company only
uses about 2,000 homes in the country to monitor their ratings, a small
but apparently statistically valid sample. This is not much different than the theory behind Gallup polls and
other such surveys taken. Once a certain number of people are polled,
statistically the results are close to representative for the entire
country. About 90 million households have television sets. If a Nielson rating
of 20 appears next to a program's name, that means approximately 20% of
the nation's households have tuned into this show, or 18 million homes.
This will dictate the amount a station can charge for revenue, based on
the number of people expected to tune into the show. Local business people would love to identify a target audience. They
don't advertise nationally. They can't afford to have their product
shown on "hime Improvement" or the "Super Bowl". But they're going to
advertise and the more they know about their viewing audience, the more
likely they will select the right combination to maximize their
television advertising dollar. You don't need to put a black box in 2,000 homes to handle this
assignment. All you need to do is develop a proper survey and start
calling up people to participate in your local survey. You can identify
potential watchers who would write down their viewing choices every day
for two to three weeks and you've got the opportunity to compile the
data listing more valuable than anything else locally; in the TV market.
You'll have information even that stations probably won't have. Data you need is: -Name, address, phone number; -Number of people in
household with names and ages; -Occupation and approximate income level
for entire household; -Number of television sets, VCRs and radios. The next step is to have your ratings from in which the members of
the household record their viewing and listening choices for the next
month. Four weeks should give you a great idea of what this household's
radio, TV and VCR habits are. Every member of the house should record
their choices by day, listing the show and the approximate viewing time.
Next, they should answer information about their commercial watching
habits, including the ones they recall the best, the ones they think
were terrible and why, the last three commercials they remember, or, of
course, whether they bother to watch the commercial at all. The difficult part of this will be getting enough individuals to
cooperate and accurately do the study. But your circle of people and
your friends' circle and your family's circle can all start to add up.
Ask the people you personally do business with to help participate.
Canvass your area well and you will find 100 or so people to do the
survey. Set up a database on your computer or compile the statistics by
hand (obviously a much slower process). You should have a viewing
pattern which will be valuable information for many people. Now, it's these people you need to contact to buy your survey
results. Do a flyer that indicates the basis for the study and the type
of results that were achieved. You can price your report for $40-75,
depending on your area. Many businesses and every television and radio
station should be interested. If you picked up 30 clients at $40 each,
that's $1,200/month just to compile ratings surveys. That's probably a
conservative estimate as to the number of clients you should obtain with
this data. Continue to update your viewers and maybe pay them $5-10 per month
once you start to get this rolling. Their input is what makes this
monthly survey form valuable. You will have to arrange to collect the
surveys, probably using a self-addressed, stamped envelope to make it
easy for them. Since you will know some of the people, you can make
other arrangements. While prime time hours (8:00 P.M. to 11:00 P.M.) Are the shows
national companies will be interested most in, the other times are less
expensive for advertisers and more open to local businesses. They will
be interested in who's watching what at ten in the morning and four in
the afternoon rather than strictly prime time news, so all of your data
is significant. This is an easy and quick way to make a lot of money watching
television. You can then use this information and your expert advice as
an advertising monitor to assist companies with their ad campaigns
centered on the time slots most favorable to their products. FINDING CLIENTS FOR VIDEO PRODUCTION GROUPS Many video companies do not have a staff salesperson and thus your
ability to bring them clients is a needed plus. In addition, they don't
have to pay you anything unless you bring a client and they avoid paying
all the employee benefits costs such as FICA, unemployment taxes,
workers' compensation premium and similar expenditures. You're a bargain
at the price. Some of the companies you work with may have a need for video
production to satisfy needs other than just advertising such as training
tapes or new product tapes for salespeople. These are almost like
infomercials describing the product and how the management team thinks
it should be sold. Sales people find these tapes to be of tremendous
benefit in planning their own sales campaign. Again, you can work out a fee arrangement with the video production
group. All you're doing is maximizing the potential media dollar value
of any one client. Even if you only refer a few businesses, the money
adds up especially in addition to all of the other income sources you
now have coming in. Check the yellow pages for the video production companies in your
area and contact them. Even if someone else already has this idea, the
production company would rather have a multiple number of people on the
lookout for new business for them. Make your arrangements in advance and
then start thinking about the clients you could assist by introducing
them to the production companies you decide to work with. Companies will
begin to see you as an all- purpose individual who can work on virtually
every aspect of their video and radio advertising. That's exactly the
position you want to be in. The more versatile and knowledgeable you
are, the more valuable you are as a resource for these businesses. And,
better yet, you are your own boss! CABLE TELEVISION AND YOU As mentioned earlier, cable television provides you with numerous
more out last than you've ever had to explore advertising options for
your client businesses. A little more homework is in order here. Then, when you are watching these channels, you can record the same
advertising information you were noting earlier for your businesses.
Now, in addition to reporting to local businesses, you can offer the
information to the cable channel as well. They may well consider hiring
you to monitor their advertising in your region. There's no real cost to you. This is information that you are
compiling for busi----nesses anyway. There's no trouble to have
additional logs in which you record the information about their
advertising record. Not every cable channel will play, buy a few may buy
into the advertising program you're doing along with the monthly ratings
report for your area. You won't know unless you ask! LISTINGS
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