Get creative and use these marketing ideas that are low cost, some are even free, and all will have a high impact on your bottom line.
Start by branding your company with a custom logo creation. To make a logo yourself, that is both easy and affordable, check out the Wix logo maker tool.
Yes, it truly is possible to market your small business on a tiny budget the key is to be strategic about your spending and use smart promotional tactics.
Try these methods that lots of small companies have used to become bigger companies.
1- Partner With Other Businesses
Buddy up with other local companies. Together you can promote each other’s products and services. Perhaps you can offer your clients coupons to other related businesses. Alternatively, you could recommend other companies in your email newsletter and they can do the same for you.
The key to these strategies effectiveness is to partner with complementary, not competitive companies. Related products work best such as restaurants and nearby entertainment such as theaters and music clubs.
2 – Brand Your Fleet
Most businesses require lots of driving around; to meet with customers, buy supplies and deliver goods. Use this drive time to your advantage by branding your vehicle with your company logo and contact information.
These days vinyl wraps for complete vans or just side panels are easy to get designed, look terrific and cost surprisingly little.
You could also buy an inexpensive magnet sign to use on your car or even for your employees to use while on the job.
3 – Get Social Online
Social media is full of your prospective customers so you need to get involved in getting in front of their eyeballs right away.
While advertising can be purchased on social media it is usually too costly for most startup budgets.
Instead, do some free social media marketing by posting helpful information on all of your profiles. Also ask existing customers to post reviews online, which will be found by those for your type of services.
Social media posts can include photos of your new products, special discount coupons, and even contests. Remember to avoid overly pushy, instead focus on offering value to your readers with recipes, tips, and expert advice.
Recent studies report that over 97% of new customers find products by searching online first. Thus you want your company to be at the top of the search results on Google. The first step is to build an attractive and fast loading website to impress your buyers.
Include your contact information on all pages, including your street location address, store hours and customer testimonials.
Setting up a blog and posting regularly can be an excellent way to improve your search engine marketing results while giving more value to your customers. Posts can include ways to use your products, items of interest, tips and local photos.
Don’t be confused by this new term. This is simply sharing information across the internet.
It includes publishing regular blog posts on your website and posting on your social media profiles. It can also include creating helpful Youtube videos, designing interesting infographics and publishing ebooks to help your buyers. Check out this comprehensive guide to video marketing on a shoestring – perfect for lean entrepreneurs!
Get creative and set your company apart as experts.
When you donate to a charity you get many benefits the first being a good feeling knowing that you’ve helped another. Plus you often receive a tax write off and a listing on the charity website as a sponsor. This will positively increase your company’s brand awareness and also help your website SEO with incoming links.
Sometimes the simplest promotions are the best such as sidewalk signs. Make your sign attractive and easy to read as pedestrians pass by. You can announce a sale or a new product. Often their interest is aroused and they come in shop.
8-Local Media and Publicity
Many small businesses are not aware that local newspapers and websites will write articles about them that will cost them nothing.
To get this kind of media coverage you will need to write press releases and network with reporters and journalists. I use and recommend this affordable publicity service.
The media will not be interested in highly promotional information such as sales, which they consider an advertisement, but they will be interested in unique news such as your charity drives, the industry awards you won and your new locations.
9-Selling to Existing Customers
Often small business owners overly focus on new customers but neglect current customers. Your existing customers are twice as likely to buy from you again, plus getting those orders will cost less than finding new customers.
Market directly to your existing customers by sending them special coupons, inventory updates, product news via regular emails and direct mail.
Another low-cost but highly effective working technique is to set up a customer referral program. These incentives offer customers free (or discounted) products or services when they recommend new clients to your firm.
Email marketing is one of the highest ROI (return on investment) of promotional dollars. The high cost-effectiveness is due to the minimal cost of email providers (under $20 monthly) and high sales results.
Victor Terrazas, the founder of Rejuvenate Therapeutic Massage, uses email marketing as his primary promotional activity because he says that “Whenever I send something out, I’ll get a flood of telephone calls requesting appointments.”
You can use email marketing to attract new customers, keep existing clients, announce new products, sell products online or send notifications of sales events.
Check out our small business tips published regularly.