In a rough economy, the time to increase (or at least, maintain) marketing and advertising is now. I know it seems counterintuitive, but you need to keep up your presence with the public and your customers so that when the economy rebounds, they’ll be right there at your door.
Even if you have to cut back on your marketing budget, that doesn’t mean you have to cut it out completely. There are still many cheap marketing techniques you can use until you get more money in the bank. And these marketing techniques will be part of the reason why you get money in your bank – because you keep on marketing!
Here are some ideas you can use that won’t cost you thousands of dollars. Most won’t even cost hundreds of dollars!
Start a Web site or blog. You should already have a Web site, but if you don’t, now’s the time to start one. If you do have a Web site, you should start a blog. You can get them for free from WordPress.com or Blogger.com. There are plenty of other blogging sites, but these are the most popular and easiest to use. Blogging is a great way to build a relationship with your customers and prospects because you can start a conversation with them.
Participate in forums. Here’s another free way to get online. You can give out your expertise for free on forums and direct people to your Web site. People like to buy from experts. Also, you get a dialogue going with customers, who will get to know you, and then want to be loyal to you and your business.
Give something away. Something else that seems counterintuitive, but what you give away doesn’t have to be expensive! It just has to have value for the customer. If you have an auto repair store, you can give away an inexpensive tire gauge. A dentist could give out a free teeth cleaning (which is how I found my current dentist!). Give away something that is low cost to you, but is of high value to the customer. That will get them in your store so that you can build a relationship with them. And that’s what it’s all about.
Host a charity event. If a charity is looking for a venue, what better place than your store! If you don’t have the room, sponsor something in the charity event. A DJ could provide the music for free, or a caterer could provide the snacks or dessert for free. This gets your name in the program or on a sign at least. You could also provide a door prize or a bigger prize in lieu of holding the event at your place. Get your name in there somewhere! People like to do business with companies that help out charities.
Remember that customers buy from people they know and trust. That’s what your marketing campaign should do during tough times – remind people that they can trust you. You probably have many competitors with similar products, so establishing a relationship is key to having people spend their money with you over your competitors. Competing on price alone won’t work, even in a recession.
link: http://designandprint.wordpress.com/tag/online-marketing/
