Tag: buying

Buying Digital Advertising for Your Self-Storage Operation

Let’s say your self-storage operation is well-established within its market. You’ve got competitors, but you’re all doing well. There’s a decent equilibrium, and everyone keeps their facilities at or above that ideal 90% occupancy rate. None of you has needed any more advertising than your signage, maybe the occasional ad in the local paper, and a website. Things are great, and everything is humming along.

Then one day you learn that Bob, who owns a facility up the street, is retiring and selling his property to a real estate investment trust. So is Roberta, another storage owner in your area. Now you go from economic stability to panic mode. But you shouldn’t! Instead, you simply need to expand your marketing efforts.

A low-cost, high-reward way to reset the playing field is paid digital advertising, which involves purchasing space on various online channels to promote your products and services. Let’s explore the options for boosting your self-storage business.

Pay Per Click (PPC)

The most common type of digital advertising is PPC, a powerful tool that helps businesses to increase their online visibility and drive sales. It offers a range of ad types for targeting your self-storage audience including search, display, social media and video. Search ads appear on search engine results pages, while display ads are shown on third-party websites in the form of banners. Social media ads appear on platforms such as Facebook and Instagram, and video ads are displayed on platforms like YouTube.

PPC provides several benefits:

  • It offers precise targeting, enabling you to reach your audience based on demographics, interests and behaviors.
  • You have control over your ad spend, allowing you to allocate your budget to the most effective channels.
  • You only pay when someone clicks on your ad, making it cost-effective.
  • It’s measurable, with tools like Google
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U.S. card firms’ growth to moderate as luxury buying falters

Jan 24 (Reuters) – U.S. card companies are expected to post the slowest revenue growth in seven quarters, as consumers tighten their purse strings and avoid spending on luxury and big-ticket items.

Revenues at Visa Inc (V.N), Mastercard Inc (MA.N) and American Express Co (AXP.N) are expected to be up 9%, 11% and 15%, respectively, for the three months ended Dec. 31 compared with a year earlier, marking the smallest year-over-year increase since the first quarter of 2021, according to Refinitiv data.

“Consumers are giving up more expensive brands and shifting to more affordable purchases,” said Moshe Katri, analyst at Wedbush.

Card firms pocket a small percentage of the dollar value of transactions and stand to lose out on fees if customers pivot away from buying luxury items.

The typically cheerful holiday quarter, which usually sees heavy discretionary spending as consumers spend on their loved ones, also proved a dampener.

“Consumers have increasingly limited discretionary spending power, and limited needs for general merchandise following the pandemic purchasing surge,” said Marshal Cohen, chief retail industry adviser for market research company NPD Group.

Reuters Graphics

THE CONTEXT

AmEx, however, is in a far better spot on the back of its affluent customer base. The company remains one of the “top picks” due to its focus on high-end customers, according to MoffettNathanson analysts Eugene Simuni and Lisa Ellis.

The company’s delinquency rates were ticking up but remains below pre-pandemic levels, the analysts added, but deterioration of overall consumer credit quality is expected to continue through mid-year.

Card companies as a whole are heading into a murkier 2023, with several signs of an economic slowdown having emerged in recent months.

Shares in Visa, Mastercard and Amex closed last year between 3% and 10% lower.

Mastercard and Visa are set to report quarterly results on

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How To Begin A Individual Grocery Buying Business

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A good strategy is brief, … Read More ...