There are a lot of ways to approach your marketing strategy. You can lean hard on online marketing. You can advertise on television, on the radio, in magazines or newspapers. But all of these methods can be expensive. So how can you market your business when your budget is tight? Here are some effective—and low-cost—marketing strategies that you can use to get the word out about your business.
Work on your Public Relations
If you can make the news, it can be a powerful way to promote your business without making a big impact on your budget. A news story can help raise your profile in the public eye, and a news story feels more authoritative than an advertisement.
How can you get started? Consider a press release. Even if you only distribute the release to local news outlets, a press release is a good way to spread the word about big news at your business. From new locations to new products, there are a lot of pieces of news that could help you connect to the press. And, if you’re looking to make a splash…
Give Back
Giving back to the community is a great way to create a positive reputation for your business and to make the news. Sponsoring an event like a cancer walk, having a collection jar for the local food shelf at your storefront, or even taking some time as a business to volunteer for a good cause can be a good way to give back and to generate goodwill with customers and prospects.
Use What You Already Have
One of the best ways to save money in your marketing strategy is by using what you already have—and you might have more than you think! When you creatively use your existing resources, you can build a strong foundation for your marketing strategy and make your budget even more effective.
If you have a storefront, you have many promotional possibilities before you. Your storefront’s windows are a place to showcase samples or banners to advertise special offers. Your door and windows are a great place to display your logo and store hours. The sidewalk out front is an opportunity for A-frame signs to bring in walk-in traffic.
Talk to Your Suppliers!
One important thing you already have is your suppliers. From free sales kits and samples to digital resources like catalogs and flyers, your supplier might already offer a variety of pieces you can use in your marketing strategy. Navitor does—and we create new flyers every month!
Use Your Budget for What’s Important
No matter what your budget, saving money by using the previous tips can give you more wiggle room in your budget for more expensive marketing options. For example, using supplier sales tools might allow you to invest the time and money you would have otherwise spent in designing your own flyers in advertisement in a local publication instead.
How do you save money on your marketing budget? We’d love to see your tips and tricks in the comments below.
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