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5 affordable small business marketing ideas when you have no budget
Small business marketing is vital for brand awareness, but it’s hard to find money in the budget for it. Try these low-cost small business marketing ideas that are easy to execute and deliver results.
Promoting your small business is essential for reaching new customers but finding additional dollars to create and distribute a marketing plan might not be an option right now. To keep getting the word out about your small business service or product, here are a few scrappier low-cost marketing ideas that you can easily and affordably put into action.
1. Utilize your supporters
One powerful way to demonstrate the quality and legitimacy of your small business is through real voices. This can include customer reviews, star ratings, testimonials or even case studies. Here are some examples to give you an idea of how to use positive reviews as part of your marketing plan:
2. Try content marketing
Content marketing is a modern, organic way to bring in new business. Traditionally, when one thinks marketing, their mind goes to TV spots, magazines or billboards. In content marketing, however, the advertising piece is much more subtle and there is usually some “reward” for the consumer, such as receiving valuable information. Content marketing includes educational blog posts and articles, webinars, videos, recipes or tutorials and e-books. Not only is this kind of marketing more engaging to the consumer, but it also poises you as a thought leader in your industry. Here are some ideas to get you started:
3. Engage on social media
Social media lets you engage with your customers firsthand and promote to an audience that has already shown interest by subscribing to your accounts. While many social media sites exist today, it may not be necessary that you create a profile for each one, depending on the industry you work in. While Facebook is a great platform for almost any content, Instagram tends to be a place for B2C (business to consumer) content, while LinkedIn works well for B2B (business to business) companies. Here are a few small business marketing ideas that cost little to no money that you can bring to life on social media:
4. Network and make connections
Don’t think of others in your field as competition, but rather as peers. There are plenty of customers to go around and creating partnerships with like-minded people in your industry can be a huge boost to your business. Not only will you be able to compare notes and strategies, but networking will also keep you in the know about news, trends and opportunities. Here are a few ways to leverage networking to market your small business:
5. Incentivize word of mouth advertising
Your employees, and even your customers, can be some of your biggest ambassadors. Offering incentives to get the word out will help you generate organic leads. Here are some examples of how to encourage others to share passion for your business.
Learn more about ways to build your brand and differentiate your business.
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