Let’s talk about newspaper and magazine advertising which is commonly referred to as “Space” advertising.
In many ways, this form of advertising is one of the harder media to make work in small business marketing. Mainly because it typically is a rather costly media and depending on the size of your transaction, it can be very difficult to earn a return on your investment (ROI).
Of course, ROI can vary between whether you are only looking at how much the ad costs verses how much in sales revenue it generated or how many new customers you acquired from the ad and what is their lifetime value to your business.
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