In the event your small business is struggling for reasons other than a bad economy, how much time and effort are you putting into promoting your business? If the answer is not much, therein lays one of your biggest problems.
Promoting your small business takes on added importance in times like these when the economy is struggling, and when consumers are more reluctant to spend money. If your small business is putting more promotions in place for your customers, you stand a much better chance of weathering this financial storm.
Among the ways to go about that are:
- Deals and discounts – What individual does not like a deal, especially in today’s economic climate? While you cannot give away the business for free, make sure you are taking care of customers by offering them specials from time to time, giving them more incentive to want to do business with you;
- Do free promotions – It is wise to provide customers and potential customers with free giveaways that promote your company. Among the things can be hats, T-shirts, pens, paper supplies, etc. Your company name gets out there, giving you free advertising in essence;
- Take part in community events – When you have the opportunity to advertise your business at local community functions, do it. This is a great way to meet community members and advertise your business for free;
- Promote your business within – Be sure to have your employees, family and friends help advertise your business with T-shirts, hats, bumper stickers etc. This is a great means by which to get the company name around. If you have a Web site, make sure that gets advertised too;
While it does cost money to make T-shirts, hats, bumper stickers, etc. keep in mind that you are looking at the long-term goals involved.
The money spent now to promote your company through such advertising and by offering customers deals and incentives can come back to reward your business in ways you could never imagine.
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