For Measurement Week (9/15-9/19/14): Download the Advertising Math that every business needs to know

Here is some information about some advertising math that every business needs to know. It will show you the best way to measure the effectiveness of your advertising and it can help your company make a lot more money starting immediately!
 
 
Essential Business Math: Download the ebook for only $4.95 at www.barrows.com
Essential Business Math: Download the ebook for only $4.95 at www.barrows.com
SAN MATEO, Calif. - Sept. 9, 2014 - PRLog -- FOR MEASUREMENT WEEK (9/15-9/19/14) AND FOR ADVERTISING WEEK (9/29-10/3/14)...AND FOR EVERY WEEK OF THE YEAR...

Here is some information about some easy-to-use advertising math that will show you the best way to measure the effectiveness of advertising because it will actually let you quantify the relationship between advertising and sales" according to Robert Barrows, President of R.M. Barrows Advertising and Public Relations in San Mateo, California.

“Businesses of all kinds of can use the math to help them increase their sales, increase their profit and decrease their risk, says Barrows, and the math is so easy to use that all of the calculations can be done by one person, in moments, with just a simple calculator...and as they say in advertising, “It really works!”

The math he is referring to is some math he developed that he calls “The Barrows Popularity Factor.” (http://www.barrows.com/bpfinfo.html)

THE REASON THE MATH WORKS IS VERY SIMPLE:

 The Barrows Popularity Factor is a mathematical equation that reduces the relationship between advertising and sales to its lowest possible common denominator...namely: "How much did you sell? divided by/How much did you Advertise?" (But don't do the math in dollars, do it in units per gross impressions.)

 In mathematical terms, the formula looks like this:

The Barrows Popularity Factor=How much did you sell (in units) divided by/How much did you advertise? (in gross impressions)

The answer you get is a rate of return on gross impressions. (Gross impressions is the number of ads multiplied by the audience per ad.)

"Once you quantify your rate of return on gross impressions, then you can start using some additional math to help you determine the best way to spend your advertising budget, and you can use the math to help your company make a lot more money," according to Barrows.

The math and how to use it are explained in a booklet he wrote called "The Barrows Popularity Factor" which you can download for $4.95 at www.barrows.com.

HOW CAN BUSINESSES USE THIS MATH AND WHY DOES IT WORK SO WELL?

Some of the questions that every business looks at regarding advertising are as follows:

1) How much should you spend on advertising?

2) How should you spend it?

3) What should you say?

4) What is the best media mix for your company and your advertising budget?

5) Which ads and which media are producing the best results?

6) Which media should you increase and by how much?

7) Which media can you decrease and by how much?

8) How is your competition spending their advertising budget?

9) How is your competition affecting the sales of your product and services?

...and a lot of other questions along these same lines.

"The answers to these kinds of questions are very complex and there is no way to quantify all of the intangibles that affect the sales of a product...intangibles like the demand for a product, the availability of product, the consumer's propensity to spend, whether you had a good sales force or a great sales force during the period of time of a specific promotion, and even the weather can't be quantified with cold, hard numbers...and all of these factors are intertwined," says Barrows.

 "Plus, everything about the product and everything that you do to promote a product, and everything in the marketplace that affects the sales of a product will be reflected in the 'Popularity' of your product...and that is the essence of 'The Barrows Popularity Factor.'" It quantifies the effectiveness of your advertising because it lets you measure the  "popularity of a product and its promotion," and in doing so, it lets you quantify the relationship between your advertising and sales.

 "In short, the easy-to-use math in 'The Barrows Popularity Factor' will let you to test and compare your advertising copy and media, better, faster and less expensively. Plus, it will also give you more of the information you need to help you fine-tune your entire marketing program to help produce much higher sales and profit, says Barrows, and any company that is trying to figure out the best way to spend their advertising budget should take a look at this math immediately.

You can read the whole booklet in about an hour and the math is so easy to use that all of the calculations can be done by one person, in moments, with just a simple calculator," says Barrows.

(NOTE TO EDITORS: News and media companies that sell advertising can also use this math to help them increase their advertising revenue because they can use the math to help them work with their clients to help them make their advertising much more effective. Plus, media companies can also use this math to help them plan their own advertising campaigns to help them increase their circulation and increase their audience.)

To find out more about the math in “The Barrows Popularity Factor,” call Robert Barrows at R.M. Barrows, Inc. Advertising and Public Relations in San Mateo, California at 650-344-4405.

Contact
Robert Barrows
barrows@barrows.com
650-344-4405
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Tags:Manufacturing, Retail, Advertising, Industrial, Media
Industry:Business, Marketing
Location:San Mateo - California - United States
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Page Updated Last on: Sep 10, 2014
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