I had a meeting today with a mortgage friend and a representative from "Adcart." This is a company out of Valencia, California that makes and distributes advertising in the form of placards that are in a frame that is attached to the grocery cart in the area where the baby sits.
It's pretty pricey to get six months of advertising on 100% of the carts, so my mortgage friend and I are going to share. I'm surprised they are letting us do so, but I think they are new around here and want to get their business going.
Now, for my part, as the Realtor, I'm afraid all I'll be doing is branding because if people are in the grocery store they more than likely live here, and thus will probably be selling, rather than buying. As you might imagine, I'm not crazy about listings because they cost so much to hold and market. For my mortgage guy, he can probably get some refi business as well as branding.
We're both pretty excited, and we're getting a discount for paying up front. I'm wondering if anyone has heard of this company or done this type (grocery cart) advertising? If so, did it work? I hope you'll share your advice because we're suppose to sign the contract tomorrow.
Also, I read years ago that small businesses, such as myself, often make the mistake of cutting out marketing and advertising money when things are tight, thus ensuring that things will remain tight. So I'm not adverse to spending the money, but if this is a big waste, and someone knows it, I'm also not immune to changing my mind about the deal. Thank you for your help.
We have those at our brand new Shaw's supermarket and a few agents from our office did six months. Their return on investment was zero. I am sure it is different in many areas, but in this particular case, it did not work for them. Good luck!