Tips for Advertising on a Budget
May 23
Every business needs to advertise. With no advertising, you cannot get more leads and customers, and your business quickly is in jeopardy. If you have few customers already, though, it can be difficult to budget for advertising. If you need to get the word out about your products but you have a modest budget, here are some tips that may help:
1) Go online. Targeted ads online are often quite inexpensive but very effective. If you sell Tocca candles, for example, find an online newsletter or blog dedicated to candles. In many cases, you can place an ad for $30 or less, and you can read thousands of interested customers. There are also lots of free places to advertise online. Set up a free blog, for example, or send out a free newsletter to customers. Join social networking sites such as MySpace with your business name. Whether you are selling Votivo candle products or pet grooming kits, these can be great places to let customers know about you.
2) Stick with small, local newspapers. The free newspapers that are available in stores often rely on advertising, but often charge just a few dollars for a small ad. You see lots of ads in there – for book stores, jewelry stores, and services. Your ad would fit right in.
3) Focus on marketing rather than advertising. Advertising means that you pay to have your ad placed somewhere. Marketing means promoting your product. There are lots of ways you can market without paying for ads. You can distribute your business card, for example, or distribute flyers. You can give talks about your business at local schools and associations.
4) Ask your customers to advertise for you. You can ask customers whether they know anyone who might use your products or services. If they do, you have a lead. You can also distribute free personalized pens, magnets, and t-shirts to customers. Every time customers use these products they advertise your company, and getting these items personalized with your company name, number, and logo is usually quite affordable.
5) Make yourself an ad. Businesses often overlook places to advertise. Do you participate in online discussion groups or forums? Place a signature line with your business URL under each comment. Do you use email? Add a signature line. Do you drive? Consider adding a business decal to your car so that other drivers can see your business name and logo.
6) Make yourself an expert. If local reporters or writers are looking for someone with your experience to interview, volunteer as an expert source. Write articles or letters to the editor about a subject related to your business and submit your pieces to local magazines and newspapers. Don’t advertise heavily in these pieces – just mention that you are the owner of such-and-such a company and then move on to the useful information. People who read your words may be interested in learning more about your company.
7) Carry your business card with you. Ask to leave it at local cafes, internet cafes, and other businesses. When you strike up a conversation with someone, exchange cards. A simple card can lead to a new customer.