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You are here: Home > Business > Marketing > How Harnessing the Power of Headlines Can BOOST Profits for Your Business |
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Just Other Articles - How Harnessing the Power of Headlines Can BOOST Profits for Your Business
Marketing guru Gene Schwartz wrote: "Your headline has only one job – to stop your prospect and compel him to read the second sentence of your ad." You can apply According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product that to any marketing piece you write, including print ads, brochures, emails, web pages, letters and more. Without a compelling headline most readers will stop right the ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in re, and then discard the rest. And your message will nose-dive into oblivion. Think about it, if you run an ad in your local paper, do you think anyone will be looking ou lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. t for it (apart from your mum)? Heck no! It has to almost wave or yell at them to make readers notice. If your headline doesn't do that, the rest of your ad will go unread here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe Outcome = no sales. Heading for ?29m in sales If Schwartz hadn't bothered to come up with a half-decent headline, the company he wrote for would never have sold d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro 1.98 million copies of a single $25 (?14) book that brought in $50m (?29m) worth of sales. Like David Ogilvy and many other experts, Schwartz believed the headline is the ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc most important part of an ad. So do I. In fact, I'd go so far to say that a great headline is vital. “On the average, five times as many people read the headlines as rea easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi d the body copy..." says Ogilvy. "It follows that, unless your headline sells your product [service or business], you have wasted 90% of your money." Buyers make their nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically decisions at the headline What’s more, around 60–80% of all people will read your headline and no more. If it doesn’t capture their interest enough, your message will and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ stand little chance in an increasingly competitive marketplace. And your prospective client will move on to the next website, the next advert, the next email... But if i ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi t really packs a powerful punch, a headline is capable of making the sale there and then. Advertising legend John Caples wrote: "In a print ad, 75% of the buying decisions ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a are made at the headline alone." Top copywriters understand these concepts very well. They know how essential it is for the headline to command attention by figuratively dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod grabbing the prospect by the shoulders. And that’s why they spend the bulk of their time crafting a strong and appealing headline. The thing is, hiring a professional cop cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin ywriter to write a first- rate headline for you can set you back hundreds upon hundreds, even thousands, of pounds. Not such a big deal. For here, to set you off on the r tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen ight track, are five steps to never-fail headlines: 1. Write down the benefits your product or service. What will it do for the buyer? Does it save time? t? As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel Make people look younger? Include everything you can think of, but only if it's true! 2. Turn them into a set of 30-50 different headlines. Don't stop to ponder wh ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust ch you will use. Just get them down on paper. And don't try too hard at this stage. The point of this exercise is to stir your subconscious into throwing up something that y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products will work. 3. Put your list in a draw and forget about it for a day or so. 4. Read your list out loud. Which headlines sound interesting? Believable? Exci . As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de table? Shortlist those and improve on them if you can, emphasising any offers you're currently running. Keep thinking, "What does this do for my customers?" 5. Ask elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip yourself which of your shortlisted headlines really grabs attention and makes the reader want to read on. The one that resonates the most is the one you should test drive tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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