Marketing is one of the many unavoidable costs of operating any business. If you aren’t able to effectively promote yourself and show other people that you are out there, you can’t possibly be hoping to make any serious waves in your chosen industry!
However, even if you appreciate the importance of marketing, you still need to find a way of doing it that isn’t going to break the bank.
The good news is that marketing doesn’t have to be hideously expensive. Some people think that marketing is a simple case of spending the most money. While there is undeniably a correlation between a business’s ability to spend, and the size of the audience they reach, massive spending is not a requirement for a successful marketing campaign.
The following marketing techniques and tips will allow any business, even those working on the strictest of budgets, to effectively promote themselves without having to inject a large amount of funds into the process.
Table of Contents
Marketing techniques and tips to promote your business
Consider Past Campaigns
Market research is a very powerful tool. As we have all learned in the last few years, in a rather painful and dramatic way, there is little that can’t be accomplished with enough data. When you are looking to devise a marketing campaign with a view to keeping costs down as much as possible, any information you have which can help you to set off in the right direction is invaluable.
By looking at all the available data you have for your previous campaigns, you can establish what worked well about them, and what aspects your audience did not respond so well to. You don’t want to just rehash the campaigns of the past, but if you can learn any lessons from them, you can make more informed decisions going forward.
Be Careful of Mass Communications
When you are looking for a way to devise a marketing campaign that reaches as many people as possible for the smallest possible price, email is a natural choice. We are all familiar with email as being free, fast, and convenient, so it makes a lot of sense to use it to spread your message.
However, you need to be careful about the way that you spread your message, especially if you will be using email. Many businesses don’t realize it, but every email sender has an associated reputation. If emails from your business are regularly marked as spam or are routinely sent out to a large number of emails that aren’t in use, this is considered to be indicative of an untrustworthy sender.
The sender reputation has a significant impact on whether your emails will be delivered to their recipients, or whether they will instead be sent directly to the spam folder. The most experienced email marketers will be very familiar with this concept. It is therefore well worth engaging their services if you are planning to make email a major part of your next marketing campaign.
Word of mouth is one of the most powerful forms of marketing there is. The problem is, it is very difficult for a business to influence what their customers talk about. Or is it?
If you can generate a decent amount of buzz around your business, it is much more likely that your audience will decide to tell their friends about your business. Think about the kinds of things that would give you cause to recommend a business you use to your friends. We tend to tell our friends about businesses that are in some way unique, or those that are able to offer more than most other businesses in their field.
Work with Other Businesses
Networking is one of the most important aspects of any entrepreneur’s life. Your network consists of all the people that you have met in a professional context, and who you can now call upon. You never know what skills you might need in the future, nor which people you meet might one day be able to help you with your business.
When you are preparing to put together a new marketing campaign with a view to keeping your costs as low as possible, you should look through your networking contacts to see if any of them can help you. They might be able to provide you with some of their products at a discounted rate for you to offer as freebies to encourage sales.
Make it Interactive
Some of the most successful marketing campaigns are those which encourage the audience to get involved in some way. For example, you could base your marketing campaign around your customers’ stories of using your product. They could send you photos of them with their product, and some accompanying text explaining why they chose your products over your competitors. This will provide you with plenty of marketing materials on the cheap.
Marketing a new product or service doesn’t have to cost you an arm and a leg. With the right planning and preparation, you can market your products while barely spending at all!