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Lou Bortone

Guide to Marketing on a Meager Budget

Try writing your own press releases or sending birthday cards

By Lou Bortone, Creative Director, Granite Planet Productions

It's a dilemma that most small businesses and startups face: You must market and advertise, but you're strapped for cash. Fortunately, ideas, energy and imagination can make up for meager marketing budgets. Whether you're an established company or a nascent business, the marketing formula is the same. You'll need to start with:
  1. The right message
  2. To the right audience
  3. At the right time

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


Maximize Internet marketing opportunities

The Web has opened up a world of low-cost marketing opportunities, from email and e-newsletters to blogs and podcasts. Also, consider search engine marketing and programs like Google's "Ad Words," which charge on a pay-per-click basis.
I recommend: If you want to send an e-newsletter or conduct a low-cost email marketing campaign, try Constant Contact (as low as $15 per month). To get a great list of prospects, sign up visitors to your Web site (a no-brainer) by offering a gift (a short report, 10 tips from an expert, or something humorous) or rent a targeted email list at Postmaster Direct. Find out more about pay-per-click ad opportunities at Google.

Seek publicity

Send out press releases and look for "hooks" to get your company covered in print or on TV or radio. Also, make the most of trade showsby speaking on industry panels to position yourself as an expert in your field. (Speakers and panelists at trade shows often receive free registration.)
I recommend: PR Newswire details the components of a press release and offers other tools for publicizing your business. This Marketing Sherpa article provides tips for getting on panels at conferences and trade shows.

Adopt Guerrilla Marketing techniques

Guerilla Marketing is described as "a proven method of achieving profits with minimum money." After 14 million books in 41 languages, Jay Conrad Levinson's low-cost tactics are still going strong. Some of his tried and true tips include writing a column for your local paper, sending "off-season" cards (instead of holiday cards), and even slipping your business cards into relevant books at the bookstore or library.
I recommend: Learn more about Guerrilla Marketing at gmarketing.com.

Harness the power of Word of Mouth marketing

Word of mouth, or buzz marketing, has been generating buzz of its own as a powerful and inexpensive marketing discipline. Create your own customer evangelists and let them spread the good word.
I recommend: Visit Bravenet.com to add a free "tell-a-friend" tool to your Web site, e-newsletter, or emails, or try the low-cost Tell-a-Friend Wizard. For more ideas on how to generate buzz, visit WOMMA, the Word of Mouth Marketing Association.

Consider low-cost, "do-it-yourself" media options

Before you invest in an elaborate direct mail campaign, consider sending less expensive mail such as postcards or birthday cards to clients. Piggybacking on existing community promotions such as participating in town days, and developing loyalty or frequent-buyer programs are other "frugal" methods.
I recommend: Try a low-cost postcard service such as Modern Postcards. Your business can join an existing loyalty program such as MyPoints.com or establish a custom loyalty program with companies such as Maritz. Find dozens of frugal marketing tips at FrugalMarketing.com.

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

  • In a world of spam and impersonal emails, try sending personal, hand-written notes.
  • Find a related but non-competitive partner and join forces to share marketing efforts.
  • Do "grassroots" marketing research by talking to your customers one-on-one.
  • Join newsgroups and online discussion groups to position yourself as an expert.

The official source of Marketing on a Meager Budget is
the Strategic Marketing page at Business.com

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Recommended Solution Providers

Spot Runner: Web-based TV Ad Creation Platform
An easy, simple and affordable method for small businesses to take advantage of local TV advertising.

Best Sites to Learn More

Reach Customers Online: Connect With Low-Cost Tools and Know-How
An online magazine that offers free how-to internet knowledge for budget-minded businesses. Many useful articles on marketing.

FrugalMarketing.com: Marketing Tips
Dozens of articles on low-cost methods of marketing your small business from author and public speaker Shel Horowitz.

Small Business Now: "How-To" Library
Read dozens of helpful articles on marketing for the budget-minded business, from author, marketing expert, and media spokesperson Kim T. Gordon.

Guerilla Marketing Tactics: The Weekly Guerilla
Read hundreds of articles from the author of Guerilla Marketing. Levinson's method has been proven to work for small businesses because it's simple to understand, easy to implement and outrageously inexpensive. Fill out a simple registration form for free, full access to articles.

About.Com: Small Business Marketing
If you have a small business and don't have enough resources to hire your own marketing firm don't sweat it. These resources will help you get started in learning how to effectively market your own business.

Best Blogs and Forums

Entrepreneur's Life: Aggressive Small Business Marketing Ideas, Plans, and Strategies
Find articles, advice and more on small business marketing here.

Duct Tape Marketing: Blog Channel
Clever marketing ideas for small business owners.



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