Yellow Pages
Just Say "No"
Why are the Yellow Pages like nursing homes? They're shockingly expensive, few people
under 70 use them, and many who do are just a little out of it.
Moral of the story? When you invest in Yellow
Pages ads, you're setting fire to your money.
Are we being a little harsh on this venerable
(read: antique) information source? Hell no. This obsolete technology
sucks millions of dollars away from more cost-effective marketing tools, while delivering less every
year. There are better uses for your budget, especially if you market goods and services to people who
don'tremember the Truman Administration.
Way back in the 20th Century...
The answer to “Where can I buy a refrigerator?”
used to be “let your fingers do the walking.” But the only people who continue to walk
those fingers in this millennium are the ones who got into that habit decades
ago. Google and Yahoo, to cite two sites, offer vastly more information, from more sources, more
quickly. Fresher info, too. Phone book accuracy begins to decay the moment it comes off the
printing press.
Look at your brand message: how can you best
tell your story? If you
can draw prospects – via broadcast or print ads, good search engine rankings, or sponsored search – to your
website, you can offer information precisely tailored to those prospects, with as much drill-down information as
they desire. And pictures. And video. And animations. Even pages of technical specs if
prospects need them. Bingo. Yahtzee. Home run. Hibachi.
Note carefully: we said "prospects" three times
in that last paragraph, and not by chance. In branding, we pay less attention to
your customers. Customer’s attitudes toward you are contaminated by reality; product performance
will dictate repeat purchases. The bigger lever to your growth is to create a powerful brand, to influence
positively the collective perception of your best prospects.
Given that, why would you want to spend a king's
ransom on Yellow Pages display ads? Those rectangles of static, limited
information will be… this is where your investment gets monumentally unproductive… surrounded by every
competitor you have. You've spent good money just to set off a round of
comparison-shopping phone calls. If you're the one called first, you can't close the sale; if you're called
second or third, you have to be the low-price spread. It's a lose-lose. You may even be ignored totally
if the prospect focuses on your competitor and never sees you. Yellow Pages is a "put two dollars in, get one
dollar out" crapshoot.
Measure your ROBI...
Companies try to analyze Return On Investment to
justify their continued Yellow Pages use, comparing the cost of the ads to the sales attributed to the medium, but
this is deeply flawed, for two reasons:
The first flaw is the dilemma discussed in the
last paragraph: you're
spending money to be compared to every competitor, right there on the same page. It's impossible to measure
but easy to
imagine how many sales
you lost
that way, greatly reducing your ROBI (Return On Bad Investment). Let's get real: is your Yellow Pages
ad so magnetic that you will capture a reader's eyes totally? So powerful she won't even
look at the ad next door? Right.
The second flaw? Too many sales are
attributed to Yellow Pages: Prospect A has seen your magazine ads and bus sides, heard your radio spots, and
decides to call. If he looks up your phone number, the answer to "where did you hear about us?" will often be
misattributed to that thing sitting in front of him. Look at your numbers. If you're a Yellow Pages
advertiser, you're probably seeing declines from year to year, a trend we predict will continue. The total
number of Yelow Pages users will decline, because, to put it bluntly - every year a portion of them "leave the
market."
It's an addiction, and fear of withdrawal is
what keeps the Yellow Pages on life support. All the smoke-and-mirror fear tactics of "combined rates" and
"volume discounts" and implied threats to banish you to a "bad position" if you reduce the size of your ads miss
the point: they are all bad positions – overpriced, underperforming, and outdated. Join the revolution:
you should keep a simple line listing for older people who need to look up your phone number, but quit
display ads cold turkey. Start now, because it will take 12 to 18 months to recapture and redeploy those
budgets.
Consider anyone who says "oh, our company has
always used the Yellow Pages" as a person failing to adapt to changing times. That's understandable,
actually, because none of this would have been true ten years ago. Even five years ago, before high-speed
connectivity got so widespread, it was not a slam dunk. Many of the clients we speak to admit their Yellow
Pages results are in year-to-year decline, but they persist out of fear.
Are there exceptions? Of
course.
If you're a locksmith, or a computer repair
shop, you must advertise there: your prospects are temporarily deprived of search engine access.
Likewise, if you're marketing to the elderly or to the poor (credit furniture, payday loans, monthly-pay car
insurance, bankruptcy counseling...) Yellow Pages might be cost-effective – maybe.
Your best media strategy?
Assuming you're not one of those rare
exceptions, your most effective, most leveraged approach to media can best be planned by brand strategists with the
help of media planning specialists, considering your service or product, your geography, the demographics and
psychographics of your primary and secondary market segments, your seasonality, budget, research… it gets even more
complicated than that, but we'll be happy to help you sort it out, to get you into this century's
best branding practices.
One thing is fairly straightforward and
immediate: if you're spending more than the very minimum on Yellow Pages, it's time to kick the
habit.
From Killian &
Company Advertising www.killianadvertising.com
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