Monday, 22 July 2013

LOW-COST PROMOTION & MARKETING IDEAS




Promotion and advertising can be a heavy expense, especially for



a new business that wants to make itself known in a community. A



home-based business, however, more often than not, has a very



limited budget when it comes to advertising. The home business



owner needs to make the public aware of his or her product or



service at the lowest possible cost.





There are many ways. A pet breeder in a large city was struggling



for several years-until he came up with a novel idea. He started



giving away customized "birth certificates" for the pets he sold.



Almost immediately, his sales rose more than 10 percent.





The owner of a new home cleaning service was trying to attract



clients. She couldn't afford much advertising, so she began



offering "home cleaning seminars" to civic groups. After two



months of seminars, she was swamped with inquiries and clients.





Promotion often makes the crucial difference between business



success and failure. Customers or clients must know about a



business or product line before they'll buy and they must have a



reason to buy.





If you are trying to promote your business now, you can move in



one of two directions: 1) You can take the conventional route to



promotion and mount an elaborate media campaign, spending a



considerable amount of money or 2) You can let your creative juices



flow and mount a low-cost promotion effort, using a potpourri of



attention-getting gimmicks to bring your message to the buying



public.





Now, to be sure, conventional advertising is valuable. If your



enterprise is large enough or if you're selling numerous product



lines, you may find that a full-fledged media campaign is the



most efficient and cost effective way to promote your business.





If money is tight, however, or you're not sure you can amortize



the heavy cost of a media campaign over a period of time, the



following is a assortment of low-cost techniques you can try. Not



all may be appropriate for your particular business, and



certainly it would be costly to try them all. But you're sure to



find some ideas that will work for you.





GIVEAWAYS. People love to receive "free" items, especially items



they can use to gain knowledge or improve their lives. You can



base an entire promotional campaign on this desire. If you're



running a furniture repair business, for instance, you could give



away a furniture repair brochure, free furniture planning guides,



or color swatches. Once you begin giving away authoritative



information customers will begin to perceive you as an expert in



your field.







NEWS CREATION. Want to get names and news from your business in



the local newspaper? It may be easier that you think. If you



don't have any news to report to the local media, create some.



Maybe you've taken on a new associate. Or maybe you're selling an



unusual product line. Or maybe you've opened a free advice center



for the community. Or maybe you've received an award from a civic



or professional group. Local Pennysavers and weekly are often



quite interested in business news of this sort and can help you



attract the attention of thousands of people.





EVENTS. You may be able to attract the attention of the media or



a crowd by staging a special promotional event. If you run a



fitness classes, for instance, you could stage a celebrity



instructor day. If you're promoting a new real estate business,



you can offer tours of a model home in the area. If you're



selling children's products and it's springtime, you can offer



lunch with the Easter bunny. Get the idea?





CHARITY TIE-INS. Are you launching a new product? Trying to



increase visibility among a particular segment of your community?



Offer your product to one or more local charities as a raffle



prize or for use at a fund raising event. You'll receive lots of



exposure among people who buy tickets or attend the event.





CONTESTS. Offer a desirable or unique item-or even several



items-as contest prizes. First, find a contest theme that tiers



into your business. A caterer might offer a quiche-eating



contest. A photographer might offer a young model contest. A mail



order craft firm might offer an "Early American" handicrafts



contest. Invite contest submissions and offer prizes to the



winners. Do contests attract attention? You bet. All it takes is



a few signs, a small press announcement or two, and the word will



spread throughout the community grapevine.





COMMUNITY SERVICE. Nothing brings you to the attention of the



people faster-or more favorably-than community service. Ask



yourself how your enterprise can be a "good neighbor" to your



community. If you're running a lawn care and gardening service,



perhaps you can offer one season's services at no charge to a



needy charitable organization or nursing home in your area.



Hundreds of people will hear about your work in the process.



Volunteer for various community causes. If appropriate, you can



step in during community emergency, offering products and



services to help an organization or individuals in need.





COUPONING. Americans are very coupon-conscious. Test the market:



at what level will coupons increase the volume of various product



or service lines? When you get some tentative answers, start



distributing coupons that offer a discount on your services.



Distribute them to area newspapers, on store counters, in



door-to-door- mail packets (which can often be quite



inexpensive), at the public library, at laundromats, at any



location where people congregate.





BADGES AND NOVELTIES. You can easily and inexpensively produce



badges, bumper stickers, book covers, and other novelty items



for distribution in your area. You can imprint your business name



and the first names of the customers on many of these products at



little cost and distribute them for free. Or you can tie your



novelty program into a contest: once a month, you can offer a



prize to any individual whose car happens to carry one of your



bumper stickers or badges with peel-off coupons, redeemable at



your place of business.





CELEBRITY VISITS. With a bit of persistence, you may be able to



arrange to have a local media celebrity, public official, or



entertainment personally-even a fictitious cartoon character or



clown-visit your service. The celebrity can sign autographs, read



stories to children, perform cooking demonstrations, or perform



any one of a hundred other traffic-building activities.





CELEBRATE HOLIDAYS. You'll probably want to celebrate major



public holidays with special sales. But celebrate some of the



offbeat holidays as well. Almost every business has a few



little-known holidays. Ever hear of National Pickle Day, for



instance? Or Cat Lovers Month? Once you find the "right" holiday,



you can sponsor a special sale or special product arrange special



media coverage of a holiday event.





GO WHERE THE PEOPLE ARE. Can you open sales information booths at



community fairs and festivals? This promotional technique can



work for gift retailers, craftspeople, and personal service



firms. If you have the people and the time, can you handle



regional fairs or even trade shows?





MAILING LISTS. Once you begin establishing a committed clientele,



gather their names on a mailing list. Save the names from your



mail orders and telephone inquiries. Eventually, you'll be able



to send product circulars or even catalogs to the folks on your



list and you'll be able to promise your products by mail.





SCAVENGER HUNTS. If you want people to buy NOW, offer them an



unbeatable deal. If they bring an old product-a small appliance,



a book, whatever-to you, you'll give them a worthwhile discount



on a comparable new item. Or stage a general purpose scavenger



hunt. Customers who bring in three canned goods for your



community's food bank will receive a discount on products



purchased that day.





PARTIES. Everyone loves a party. Why not celebrate the



anniversary of your business or some special holiday by offering



baked goods and beverages? If you're running a service business,



perhaps you can offer an open house or obtain a small banquet



room in your community. Besides refreshments, be sure the place



is brightly decorated.





GREETING CARDS. Do you send out greeting cards to major customers



or clients? Holidays, birthdays, and anniversaries make nice



greeting card occasions. Greeting cards create enormous goodwill



and keep your name in front of people.





SEMINARS. In this information hungry age, people love to receive



advice, especially about their personal needs and hobbies. If you



sell health foods or run fitness classes, perhaps you can offer



"wellness" seminars during lunchtime to your area's business



community. If you're an interior decorator, perhaps you can offer



one-hour decorating workshops to any group of ten people who will



gather in someone's home. If you're running a printing business,



perhaps you can offer tours and layout seminars at your plant.





If you're not pleased with your promotional efforts today or if



you simply must increase your exposure among customers and



prospects-it's probably time to increase your publicity efforts.





By all means, advertise in the media if you can or must. But



don't neglect your greatest promotional asset-your mind. Ponder



the products, services, and events you can offer the community



and devise a creative promotional strategy around them. You'll



have to invest a bit of time and energy in the project, but the



payoff will be worth it. You'll save hundreds-or even



thousands-of advertising dollars and, better yet, you'll travel a



well-worn shortcut to profit.

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