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How keeping up to date with modern advertising methods can affect your businesses success

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How keeping up to date with modern advertising methods can affect your businesses success

Often, the way businesses are presented to the public is overlooked, but with consumers having higher expectations of what a company should be — organisations should be conforming to remain on top and to ultimately retain their current customers whilst capturing new ones.

From an online presence to the interior design of your building, consumers are becoming more selective and often only want to associate themselves with businesses that looks ‘aesthetically pleasing’ — but who can blame them when we live in a digitalised world where visuals mean everything? This highlights that the way your brand is recognised is becoming increasingly important and should be one of the core focuses of your company.

We’ve teamed up with Projected Image, portable gobo projectorretailers who create personalised gobos for all occasions to make your business stand out from competitors and become an all-round crowd pleaser, to take a look at how signs and new advertising methods can be used for business advantage.

The impact signage can have

68% of consumers believe that the look of a sign reflects the quality of its products or services, this highlights that the way that your brand is perceived by the public can make or break your business.

New sign trends and technological innovations have highlighted that it’s more important now than ever to ensure that your brand looks its best at all times.

Research found by FedEx suggested that 60% of consumers said that the absence of a sign deterred them from entering a store, although investing in signage may sound excessive. What’s more, 50% of people said that signs that were of poor quality, misspelled or had missing letters prevented them from entering the premises of a business.

By maintaining your image externally, you can reap the benefits internally. The same source found that 76% of consumers entered a business they had never visited purely because of its signs — highlighting that it’s a lucrative option that can’t be missed.

Not only that, 75% of consumers admitted that they had told other people about the business and pointed them in the right direction purely because of its signs. Because of this, 60% of businesses said that they experienced a positive increase on sales — with an average of 10% after changing the design and enhancing the corporation’s image and by meeting the expectations of their target audience.

People will become intrigued and want to find out more about your organisation which will potentially lead to an increase in sales; especially for start-up businesses.This highlights that it may be worth assigning a budget to new signage for your business, as this will show your customers that you care about how your business is presented to the world.

One study has suggested that signs attract 50% of their new customers. This may be a potential area to consider for start up businesses, who often find it a struggle to get people through the door.

It also be worth you ensuring that your sign design stands out to every passer-by. Often, start-up organisations do not like the thoughts of initial investments, but it should be thought of as a necessity that can improve the company across the board as it could potentially save you from falling at the first hurdle.

Your location should be one of the key focuses of your company. If your business is not in a prime location, signs can help bring in a wider audience. Research has found that around 35% of the public wouldn’t know your business was there without a sign which could have huge implications and make it more difficult for you to bring awareness to your company in the local area. Communities often like to support businesses on their endeavours, but how can you expect this of them if you don’t make yourself completely visible to the public?

Each different type of sign can bring their own set of benefits to an organisation, highlighting that each business may require a different type of sign. For example, food chains that installed a monument-styled sign, which is a freestanding structure usually designed rectangular, found that the average increase in sales revenue was 9.3%. Similarly, when a large pole sign was installed profits grew by 15.6%.

One particular industry which has benefitted from this is the retail industry, who saw revenue statistics sore. When a chain identity was added to a shopping centre’s sign listing all of the stores — profits grew by 8.6%. Retail stores that placed two directional signs found their revenue growing by 7.7% and those that swapped their storefront wall sign with a larger sign witnessed an 8.9% growth which evidently validate our case on company signs.

The impact new technologies and signs have had

One reason why it would be effective to introduce a sign into a business, is that it is one of the most effective ways of almost-free advertising. A case study found that when a business asked its customers how they found out about the business — 50% said by its signs. Other methods of promotions were used such as word-of-mouth (33%), newspapers (9%), Yellow Pages (6%), television (1%) and radio (1%) but didn’t deliver the same results. This highlights that it would be extremely beneficial for your business to prioritise this as a key focus.

It’s important to make sure that your sign stands out to everyone — walkers and drivers alike, with 35% of people seeing signs whilst they’re passing. Investing in an illuminated sign can add immense value to your business and can run 24 hours per day to ensure that it is seen by anyone and everyone — using LED technology which is extremely cost effective and simple to read.

Projected logos are one type of sign that are becoming more common— both cheap to install and cost efficient to run. Businesses will be able to simply install a projector, design a custom gobo with an embedded corporate logo and project it against a solid foundation such as the side of the building. Not only that, you can also get your projector to rotate which in turn will generate more attraction as your logo moves around and catches the eye of more passer-by’s. One key benefit to projected signs is that if you were ever to rebrand and had a physical sign, you would have to replace this — whereas redesigning a gobo to put into your projector costs next to nothing.

With 85% of customers living or working within a five-mile radius of your business, you’d be a fool not to promote your through the use of high-quality signs. They can propel your organisations message even further as often regular signs lack depth and modernism which has made them a thing of the past.

 

Sources:

https://www.lhsigns.com/some-statistics-on-why-signage-is-important-for-your-business.html

https://brandongaille.com/27-striking-statistics-on-effective-outdoor-signage/

I am the founder of Startup Today. I am the main writer and have put in many hours of work into creating this blog. If you want to find out more about me then lets get in contact.

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