When businesses start out, the budget is often tight. Everything costs – company registration, business cards, buying sample products... the list goes on. But without an effective marketing strategy, there really is no use for fancy business cards or sample products. People won't know your business exists.
Often this problem isn't just related to start-up businesses . We've worked with lots of businesses who tell us that 'no one is buying at the moment' or they are cash strapped directly due to the fact that they haven't made any sales recently. This problem can be complex and not always related to marketing - part a bigger problem.
The double whammy is that if you're cash-strapped you simply can't afford to pay for more marketing. So what do you do? I've put together a few ideas for free marketing to get your business and product known. It's the tip of the iceburg, so I'd love to hear more of your ideas and success stories of what you've done to get your business known.
Try to aim to create a buzz around your business. Consider Facebook – everyone was talking about it (and still is) – and this draws people to them. Integral to their product design is the fact that you can 'invite your friends'. How can you utilise people power in your business?
Generate press interest
Tell people about what you do. Writing press releases to send to the press isn't easy and I won't attempt to tell you how to do it here, but the idea is pretty easy: journalists need your news. If you've just opened a new shop they might just want to know about it to fill a few column inches. You need to write a press release and get it sent to the right person at the right time, and you might just be surprised the interest it draws.
Advice from the BBC on writing press releases and Sample Press Releases
Write for a trade magazine
If you make widgets, you can pretty much bet there is a widget magazine out there. The same goes for most industries... and don't just think about traditional media, there's online too. What's the benefit of writing for one? You'll be seen as the 'expert' – if you wanted your hair cut you'd want to go to someone who was good enough to be featured in a magazine, right? If it was at the right price, in the right location perhaps. The same theory applied to whatever you sell.
Be a speaker at a event
People who run events are always looking for successful business people or experts in their field to speak at workshops. This brings with it their PR team, who will be sending information about the event to anyone they know. So information about your business will be sent with it. If you do speak at an event, make sure you know your stuff. Find out who's coming and do some research about what they want to know. Make sure you fulfil the brief so that those happy customers spread the word about you and your company in a positive light.
Business Networking
Some people love it, some people hate it. But there is no doubt that networking is very popular. Why? Research shows that people with more contacts generate more income in their lifetime. Networking brings the opportunity to meet people you might never have met in other circumstances. This can bring with it creative and exciting business opportunities and collaborations. You can perfect your 'sales pitch'. Not all networking is the same, so you need to find a meeting which fits your style the best, but stretching yourself to attend something you wouldn't normally go to can be very rewarding and builds your confidence.
Kate