Producing
Restaurant Placemats
As An Advertising Medium
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Based Business Ideas Part 2
The concept is simple: Give free paper placemats
to restaurants in your area
with either a prominent color ad or their menu in the middle,
and two-inch
by two-inch ads around the edge. These ads will make so much profit
for you
that if you run up against a stubborn restaurant owner, you can
even pay him
or her to take your placemats and come out way ahead. They'd be
a fool to
refuse!
The first step in to contact printers in
your area and find out what kind of
blank or ready-made paper placemats they can either print or have
printed
for you.
Get a quote on at least 5,000, including
at least two-color printing.
Compare your quotes and find the printer that will do the best
job for the
best price. Make sure this is a printer that will work with you
on the
layout of the placemats, if this is new to you.
Once you have your printing costs, which
will be your primary costs, you can
figure out how much profit can be made. Your profit will depend,
in part, on
how many ads you can put around the perimeter of the placemat.
For example, if the placemat is 11 x 15,
you can put a total of 20 ads
around the sheet, leaving a one inch margin around the edge for
the printer.
Divide the printing cost, together with your other estimated costs
(phone,
postage, travel) by the number of ads, and you have your cost
per ad.
For example, suppose your estimated expenses
will be £600. Divide that by
20 ads and you have £30. This is how much each ad contributes
to covering
the cost of the placemat. Now, figure a target profit margin.
In my area,
an ad that will be seen by 5,000 people over an extended period
of time
could go for £90. This would be a £1,200 profit!
Now, make a list of restaurants that would
be likely prospects for this
service. The best prospects will be locally-owned family-oriented
restaurants that are visited by residents of the area. Small,
family-owned,
restaurants will be your best bet.
GETTING THE RESTAURANTS: Offer to provide the restaurant 5,000
free paper
placemats with either a large color ad or a color menu printed
in the middle
of the placemat. Local advertisers will be featured in small ads
around the
outside. When you say the words "5,000 free paper placemats,"
you probably
won't even have to go any further! If the owner's a hard case,
offer to pay
them to take your placemats! Offer £50 and 5,000 placemats.
This breaks
down more barriers than you can imagine!
If the restaurant owner has a pre-made ad
or menu available, this can be
reduced or enlarged by your printer to fit the center area of
the placemat.
Be sure the restaurant's section dominates the placemat.
Now, contact businesses that are in the immediate
area surrounding the
restaurant. Good prospects will be video stores, dry cleaners,
grocery
stores, book stores, any business that is
frequented by families. Tell them
that you have an advertising opportunity which will put their
name and offer
in front of 5,000 people for an extended period of time.
Contact as many possible advertisers as you
can. The more you contact, the
more ads you'll sell. If your prices are competitive and you deliver
honest
facts, you should have an easy time selling the placemat ads.
Now, take the ads to your printer and layout
the placemat. Put the
restaurant's ad/menu in the center, and the other ads around the
perimeter.
Have the printer print the requested quantity, and deliver them
to the
restaurant. It's that simple!
This whole process can be done easily in
less than a month. But, even if it
takes you a month, the example above cleared £1,200 profit
(or £1,150, if
you actually had to pay the £50). Once you've done your
first one or two
and know what you're doing, you will find that you can run more
than one at
a time. If you run four placemats per month, you could clear over
£55,000
per year! This is just an example, and your profits could be higher
or lower,
depending on your area. But, it should be fairlyobvious that this
can be an
easy-to-run, profitable business that you can start part-time
and quickly move
into a full-time business!

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