Online marketing is too fragmented
I had a lady call me today wanting to put me onto YellowPages.com.
I have to say that it was a rather depressing phone call.
Back in the day I could own a half a page or full-page ad and dominate the market. With a commitment of $2500-$4000 a month it would bring in between 20 and 50 calls a day in the summertime.
When the Internet first came out, I think there was a lot of excitement, but I have to say that I'm not all that excited about it anymore.
Back in the day there was one Yellow Pages. Now there are about 15 in my local market.
The Internet makes it so much easier to publish an online directory of local businesses.
This makes it harder for anyone business stand out and dominate any market with a hefty marketing budget. They are just too many websites that you would have to pay $200-$300 a month to have the top spot. (Heck, in some cases it would be $2000 a month still).
Anyway, it's very interesting where this market is going.
There is an unbelievable amount of competition here in Atlanta.
The lady was trying to tell me that I needed more calls, I needed more leads.
I thought to myself, actually, I told her that I don't want any more leads. Leads suck.
I'm so tired of going out and bidding on jobs, only to get beaten out by a guy with a year of experience.
I bid a $2200 job, then get undercut by $1200, and then later talked to the guy and he says "gosh, I really didn't make much money on that job".
The problem with this scenario is that there are just so many guys out there doing this, that I don't think they're going away anytime soon (actually, I don't think they're ever going to go away).
Our industry has such a low barrier of entry, that even when the current guys go away, there will be more to follow.
With the amount of directories diluting potential treat customers, it is really flipping the whole marketing scene on its ear.
I had a lady call me today wanting to put me onto YellowPages.com.
I have to say that it was a rather depressing phone call.
Back in the day I could own a half a page or full-page ad and dominate the market. With a commitment of $2500-$4000 a month it would bring in between 20 and 50 calls a day in the summertime.
When the Internet first came out, I think there was a lot of excitement, but I have to say that I'm not all that excited about it anymore.
Back in the day there was one Yellow Pages. Now there are about 15 in my local market.
The Internet makes it so much easier to publish an online directory of local businesses.
This makes it harder for anyone business stand out and dominate any market with a hefty marketing budget. They are just too many websites that you would have to pay $200-$300 a month to have the top spot. (Heck, in some cases it would be $2000 a month still).
Anyway, it's very interesting where this market is going.
There is an unbelievable amount of competition here in Atlanta.
The lady was trying to tell me that I needed more calls, I needed more leads.
I thought to myself, actually, I told her that I don't want any more leads. Leads suck.
I'm so tired of going out and bidding on jobs, only to get beaten out by a guy with a year of experience.
I bid a $2200 job, then get undercut by $1200, and then later talked to the guy and he says "gosh, I really didn't make much money on that job".
The problem with this scenario is that there are just so many guys out there doing this, that I don't think they're going away anytime soon (actually, I don't think they're ever going to go away).
Our industry has such a low barrier of entry, that even when the current guys go away, there will be more to follow.
With the amount of directories diluting potential treat customers, it is really flipping the whole marketing scene on its ear.