Advertising year-round.
It is important to understand the seasonality of your business and your
industry as you plan your annual advertising budget and strategy.
Many industries have peak times of year when they earn most of their
revenue. If you are a seasonal business, the best time to advertise
your business heavily is in the weeks leading up to and during the peak
season for your business.
Know your season.
Often the most effective way to spend your advertising dollars is to
invest a larger percentage of your annual budget before and during your
peak season (or seasons—some industries have up to four). This amount
can be anywhere from 45% to 75%, but it should be proportionate to the amount of sales you make during your peak season.
Make the most impact when your customers are likely to buy your product, then use your remaining budget
to maintain a presence in their minds throughout the year. In other words, “fish when the fish are biting.“
Advertising when your customers are more likely to buy increases the effectiveness of your campaign.
To help determine your peak seasons, analyze your sales from last year on a month to month basis. Or,
compare your business to similar businesses in your category. After identifying your peak seasons you can
develop an annual marketing strategy.
Below are some well known business industries and their advertising seasonality:
Home and Garden: The spring
planting and cleaning season is big
for this industry, while winter is a
major downtime for advertising.
Real Estate: Early spring is the
peak advertising season as people
look to move during the summer
months.
Sporting Goods: There are three
peaks for this industry, including
the spring soccer season, the fall
and back to school season, and
holiday gift-giving at the end of
the year.
Know your strategy.
Once you've determined your peak seasons and the amount you want to spend during those seasons, you
need to build a strategy for your entire annual advertising spending. Different businesses use different
annual strategies to make their advertising successful. Below are three main ways companies advertise
throughout the year.
Flighting
This is the most common form of advertising and popular with businesses that have heavy seasonality with
one to four major sales peaks each year. A large portion of the advertising is spent at the peak sales times
in the year, and then little to no money is spent for up to three months at a time—until just before the next
big sales push.
Benefits:
- Advertisers can outspend their competitors over a short period of time
- Advertising is focused during the peak business times, driving more immediate response
There are three peak times of
year for jewelry sales: the winter
holidays are at the top of the list,
followed by Valentine's Day, and
finally Mother's Day (which is also
close to graduation season).
Continuity
Businesses or services that are non-seasonal advertise more evenly throughout the year. Service providers
and packaged goods sellers whose products are used year round benefit from continually staying top of mind
with customers. Generally the amount of advertising is distributed across all twelve months, with short gaps
without advertising—e.g., three weeks on and two weeks off.
Benefits:
- Advertisers that keep a consistent awareness in their prospect's mind create a demand for their products
and services
- Advertising continuously allows for better negotiation of airtime discounts as well as best choice of available airtime
The legal industry is great
example of a non-seasonal
category. Continuously advertising
ensures top of mind awareness
when a need arises.
Pulsing
A pulsing strategy combines flighting and continuous scheduling by maintaining a low level of advertising all
year round, and increasing to heavy advertising during peak selling periods. Product sellers that see business
year round but surge in sales seasonally often use this strategy.
Benefits:
- Allows for a less expensive continuity option, or a more powerful flighting option
- Top of mind awareness is reinforced with promotional advertising during peak sales periods
Fitness centers advertise heavily
during January, when New Year's
resolutions are still fresh. The
next big push is just before summer
swimsuit season. The final major
advertising time is back to school,
when moms have more time to begin
working out. They use seasonal
promotions during those seasons
with consistent advertising to drive
memberships year round.