I thought I would write a top 10 list of low cost marketing ideas, but couldn’t work out which one to delete!

1.      Have a marketing plan

• It doesn’t need to be sophisticated but should at least include: marketing/business objectives, target market, key messages, communication tactics appropriate for your target market, budget, action plan, evaluation mechanisms
• Make sure your marketing is regular and consistent – this way you won’t be caught out during slower times.
• Evaluate what you do so you can see what works and what doesn’t. If your marketing is not working then look at how you can change and improve it.
• Download my simple marketing plan template

2.      Know who your target market is

• Know WHO your target market is as well as where they go to get information, so you can more precisely deliver the messages to the consumer – no point advertising in a golfing magazine if you are selling cricket bats – for example. This can save you a lot of money as you are not spending it on marketing to the wrong people.

3.     Use your networks and contacts

• The more people who know what you do, the more likely they are to refer business to you – so get out there and talk to people, and ask your networks to talk about you (in a good way of course!).

4.     Business cards

• As far as I am concerned, these are the best marketing tool you can have – low cost or otherwise. Include your name, contact details, website, consider including twitter, LinkedIn, Skype, brief description of your business. Use both sides of it. And give them away often. 

5.     It’s cheaper to market to your existing customers than to get new ones

• Think about the work you are currently doing for your customers – now think about what else you can do for them. Can you work with them on a more permanent basis? Are there other people in their business you can work with? Can you develop a new product or service that will suit them?
• Are your current clients aware of all the services/products you provide? If not, then tell them!

 6.     Get a website

• It amazes me how many businesses don’t have a website. There is really no excuse, particularly with so much free software such as Wordpress or Blogger available to start a simple site. Even a 1 page site with a brief statement about what your business is and how people can contact you is better than nothing.
• Promote your website on everything include email signatures, brochures, gimmicky give-aways, business cards and anything else you can think of.

7.     Email marketing

• Sending an email is far cheaper than posting a letter – in terms of dollars and your time. It can also generate faster responses and results.
• BE AWARE OF THE SPAM LEGISLATION. Find out more at www.acma.gov.au

8.     Media and publicity

• Work out your story – if it is newsworthy, journos will want to talk to you.
• Local and community newspapers/radio/tv are also always on the lookout for local interest stories, and trade mags often look for industry information.

9.     Say thank you!

• Be sure to thank your customers, thank the people who refer business to you and thank your suppliers. A bit of gratitude can go a long way in business.

10.  Social media

The benefits of engaging in social media – such as twitter, facebook, LinkedIn, YouTube etc inlcude:

• increase your visibility and target your niche market
• build relationships and communities by engaging in conversations with current and prospective clients and suppliers
• share business tips and find business contacts
• follow interesting people who might give you business ideas
• share and discuss business ideas and useful information including web links and photos
• show the human side of your business.

11.  Use the free resources available to you

• There is a massive amount of information on the web (type “cheap marketing ideas” into Google). 
• Go to the library and check out marketing (and other business) books.

Online useful resources are: 

• www.flyingsolo.com.au – free weekly e-newsletter for soloists and small business
• www.sourcebottle.com.au – free subscription service that emails ‘call outs’ for sources from journalists and bloggers

What are your low cost marketing tips?

This entry was posted on Tuesday, February 9th, 2010 at 4:34 pm and is filed under Top tips, communication, marketing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.