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Ways to Advertise Your Business on a Budget

  • December 5, 2019

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Ways to Advertise Your Business on a Budget

Advertising can be tricky. You need to know what to do to successfully promote your company, increase sales, and raise brand recognition and exposure. Achieving these goals can be costly. Business owners risk over-investing and making no returns on their investment. If you’re a small business owner, understand there are ways to advertise your business on a budget to increase your profit and maximize revenue.

Take Advantage of Online Marketing

Websites, blogs, and social media are all useful tools to market your company. Make an updated website that lists your services and products, contact page, history of your company and mission statement, and blog. Your blog is one of the most important assets. In it, you can post content that will appeal to your customers’ interests. These are ways you can establish an online presence for free. Another idea is to start a personal email campaign and social media accounts. Targeting customers through online marketing is essential for success. An email and social media campaign will show current customers special offers, discounts, and loyalty programs. This will foster brand loyalty and increase your target audience through personal communication.

Network

Branch out to other businesses for potential partners. Building a strong business relationship is fundamental for growth. Go to trade shows, business retreats, or grand openings to scout out and meet potential future partners. You can also take this time to scout out local competitors to see how they operate. It’s okay to network through customers as well. Use referrals to spread your name around. Incentivize customers to reach out to others with special promotions or discounts. This way, you increase your marketing without overspending.

Partner Up with Charities and the Local Community

Use the community to spread your business and raise publicity. Partnering up with charities exemplifies your company’s brand in a positive way. Residents will see your logo or name associated with civil service, which will benefit your reputation. If there are no charities in your community, you can always partner up with schools or youth organizations. Sponsoring local sports teams or after-school groups will better the community and increase your brand exposure.

Use Old-School Advertising Techniques

Like the saying goes: if it ain’t broke, don’t fix it. The same applies to advertising. While keeping up-to-date with technology and software is important, it’s also important to use tried-and-true methods. Using old-school techniques will appeal to older and more niche markets. Specifically, it’s a good idea to use signs. Neon signs offer an energy-efficient, long-lasting, and cost-efficient option to promote your business. Don’t be afraid to take out advertising space in newspapers or magazines. While these won’t have the same reach as an online presence, these traditional methods are tried-and-true when it comes to business success. Remember, online emails and social media posts are temporary and can be deleted. Print advertising lasts longer, since it’s a physical object. In some cases, this can be decades after the original release, thus documenting your business in history.

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