5 Effective Marketing Tools That Don’t Cost a Fortune
By Kevin via Flickr
During sluggish economical times, it only makes sense to cut back on spending. We’re eating out less, clipping more coupons, and eliminating unnecessary expenses at home – but what about your business?
Chances are, your business has probably taken a hit as consumers tighten their purse strings and you’re left searching for ways to balance lower profits with the expenses required to keep your company operating. Unfortunately, most business owners are starting by cutting their advertising and promotions budget.
Your Business Needs Advertising, Especially Now!
Too often, we overlook the actual benefits our marketing efforts provide. If your current clients have disappeared or decreased their spending, effective promotional tools and affordable advertising campaigns will bring in new customers and can even bring back some of your old ones!
Instead of eliminating your advertising budget, reevaluate your promotional spending and take advantage of less costly methods. For example, a local newspaper ad costs around $90 while posting an ad on Craigslist is free. From my own experience, the free Craigslist ad will typically bring in about 10 times the number of leads generated through the newspaper. Cost effective advertising allows you to increase profits without elevating your expenses.
Affordable Marketing Ideas to Promote Any Business
- Press release. If you thought press releases were only for startups or restructures – think again! A well-written news release, distributed through the right outlets, can revive your business regardless of what you do or how long you’ve been doing it. Press releases give your company the visibility of a television commercial at a fraction of the price.
- Build a website. A website is a must for an online business; an internet presence is just as essential for offline companies as well. More than likely, a big percentage of your target audience turns to the internet for their news, weather, and even shopping needs before turning through the Yellow Pages or picking up the newspaper – make sure you and your business are there! There are several free or low-cost alternatives to website design. Even a professional setup can often cost less than a Yellow Pages ad and can be much more worthwhile.
- Sales letter. Whether you’re looking for new customers or hoping to revive some lost ones, a professional sales letter is your key to increased profits. Home improvement contractors, eBook authors, and local law firms can all benefit from a well-planned sales campaign. A compelling letter that reminds consumers of the advantages of your product or service can do wonders for your business without breaking the bank, whether it’s delivered via post, sent through email, or simply published on the web!
- Online directories. Before you renew your telephone directory ad, look into more valuable internet directories that typically work much harder for a lot less cash. Free directories are a great place to start! Check with your local chamber of commerce or small business association for possible listings in your area. There are also an assortment of subscription based business directories that can give your company a boost – Angie’s List, Service Magic, and a number of industry-relative websites are some to consider. Ask about limited trials or basic memberships to get a good impression of how the service may benefit you before paying too much.
- Start a blog. Even if you hire a writer, a business blog is the most cost-effective marketing tool you can have. You can connect with new clients, build upon your relationship with existing ones, and ensure that your service or product stays fresh in your audiences’ minds through a simple blog.
Saving money is important, but building your brand with marketing and advertising is essential to success. There are plenty of affordable and effective tools available to increase profits and sales. Take the time to weigh your options before completely eliminating your promotional spendings.
Need a professional sales letter that demands action, web content that attracts attention, or just advice on starting your blog? Contact us – we’re your original content specialists!
