Journey To $100 Million

Wasting Money Advertising in the Virginian-Pilot

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Synopsis

Many years ago when Erik and his wife owned a bakery, they were pretty unsure of how to go about advertising. They tried different things: coupons, running ads in the paper, he even applied for co-op dollars to offset advertising. Facebook advertising was really successful because it was highly targeted and he was able to target brides with wedding cakes, just for one example. He thought one time that they could run a print article in a local newspaper because it would cover an entire area. In this area, there’s a regional newspaper and one specifically for each city in the region. For Chesapeake, it’s called The Clipper and it’s an insert in the regional paper. So Erik ran ads in The Clipper which was focused on the geographical area where the bakery was. And it was pretty successful so he thought if he could advertise to the whole region, that would really improve their business. So one Sunday, the most popular day for the newspaper, he ran an ad that went to the entire region: 1.7 million people. He prep