Home » Guides » Sales and Marketing » Advertising » Low-Cost Advertising Techniques

Maggie Rauch

Guide to Low-Cost Advertising Techniques

Woo buyers and reach customers without busting your budget

By Maggie Rauch

Small businesses can't afford to buy advertising slots on American Idol, let alone pay a Madison Avenue firm to create your content. But without customers, you have no company; and you'll run out of funds pretty fast if you wait for them to come to you. A calculated approach to advertising will enable you to:
  1. Surround consumers by having a brand presence in multiple areas.
  2. Take advantage of inexpensive yet effective techniques.
  3. Increase your advertising budget in increments, letting it grow naturally with your company.

Action Steps
The best contacts and resources to help you get it done


Know your alternatives

Consider placing ads in a niche media outlet, such as a trade publication, a university newspaper or a radio show that's specifically targeted at your market. Ad rates are often lower for these outlets; and while they reach fewer people, they can reach a more appropriate audience.
I recommend: JournalismNet brings together a variety of search tools to find specialized publications all over the world. Dial in a radio station with an audience you're targeting at Radio Locator.

Grab a partner

Is there someone with whom you share a similar target market but you don't compete? Consider forming a cross-promotional advertising relationship that could be as simple as putting links on one another's Web sites, or as complex as planning a marketing event together.
I recommend: To find a particular type of company in your area, try Hoover's, which offers a free search for companies by industry, geography, size and name. If you run a retail store, just being observant goes a long way. What bags do customers carry into your shop? What clothing are they wearing? Do they talk about eating at a certain restaurant?

Be newsworthy

Media coverage usually amounts to free advertising. In order to get coverage, be creative in packaging your story. Instead of hounding news outlets to run an A-to-Z of what's so great about your company, inform them about what makes you unique.
I recommend: Besides your local newspaper, consider pitching trade publications and your local business journal. Include a media/press section on your Web site, and include high-resolution digital photographs that can be downloaded by the media.

Create a compelling client/customer e-newsletter

This should be entertaining and informative; it must offer them something useful in their job or their life. Downplay the advertising element; this is definitely a soft-sell tool. Only send it to clients and serious prospects, not cold prospects. Finally, keep it short and keep the frequency reasonable; if you send them 1,000-word messages or contact them daily, they will stop opening e-mails from you altogether.
I recommend: LibrarySupportStaff.com has a slew of helpful tips and tactics for creating newsletters, both on and offline.

Use promotional products

Print ads get tossed in the recycling bin daily, and television and radio ads can fall victim to TiVo or satellite radio. But if your customers have a reminder, say a flash memory stick, with your logo and Web site on it, you'll stay top-of-mind.
I recommend: Find promotional products providers of all types through the Promotional Products Association International or the Advertising Specialty Institute.

Tips & Tactics
Helpful advice for making the most of this Guide

  • Word-of-mouth is the strongest kind of advertising, as people are much more likely to try products recommended by a friend. Encourage customers to spread the word by rewarding them for referrals.
  • Most news is good news when it makes people aware of your company. Don't turn your nose up at bit parts in news articles or trend pieces.
  • Sampling lets consumers test your product, risk-free. If what you sell can't be turned into a sample, consider handing out a promotional product to consumers containing information about the real thing. You can set up a booth at a mall or festival, or go solo, positioning yourself in a heavily trafficked area. Just make sure you have any required permits.

Recommended Solution Providers

Google: Advertising Programs
The search engine's self-serve Ad Words program is designed for quick set-up and easy online campaign management.

Yahoo!: Advertising Solutions
The search engine and portal offers search marketing products designed to help drive potential customers to any business' web site.

Mediabids: Print Advertising Marketplace
Registration required. An online hub for buying and selling advertising space in newspapers and magazines.

LinkShare: Online Affiliate Marketing
Supplies tools and services which enable merchants need to create, manage and optimize a affiliate marketing programs.

Best Sites to Learn More

About: Advertising & Public Relations
An ongoing editor-shaped resource covering advertising and PR tactics for small business success, including direct mail, promotions, and trade shows.

Entrepreneur: Small Business Advertising
Offers information on creating an ad budget, understanding ad mediums and determining which to use, and how to create effective ads and direct mail pieces.

KnowThis: Virtual Library on Marketing
Offers articles and tutorials from dozens of advertising and marketing categories, including promotions, direct marketing, and online advertising.

Smart Biz: Small Business Advertising Articles
Includes key advertising do's and don'ts, and covers both traditional and newly developing forms of advertising.

Best Blogs and Forums

Small Business Ideas Forum: Discussions
Offers a variety of message boards addressing small business topics, including forums dedicated to many aspects of advertising and marketing.

Small Business Community Forums: Marketing & Advertising
An interactive and open portal which serves as a resource to support and assist small businesses. Includes a forum focused on Internet advertising.

AllBusiness: Advertising Made Simple
Offers tips and ideas dedicated to maximizing the advertising budget of any small business.


Business.com Answers

Ask a Business Question

115 characters maximum

What WorksTM for Advertising

Lou Bortone

Word-of-Mouth Marketing

Harness the power of positive buzz to build your business
Word-of-Mouth marketing may be the oldest form of advertising but, as a marketing discipline, "WOM" is a relatively new phenomenon. Viral marketing, buzz marketing, blogging, community marketing, customer evangelism and other "consumer-to-consumer" techniques all inspire people to recommend your product or service. Properly executed, WOM marketing is an incredibly effective weapon in your marketing arsenal, ... Read more

Free B2B search marketing whitepaper, B2B Search Marketing Strategy Guide: Advice From the Pros.
Download

To advertise on Business.com, click here