With marketing budgets under scrutiny, doing more with less is essential for creating a positive return on your investment. The fact is that marketing budgets are shrinking in today's difficult economic climate. This is the exact opposite of what should actually happen. When times are tough, its time to start marketing.
How can you do more with a shrinking budget? The answer is simple. Create more way to market in a viral way. Essentially, let others do the selling for you. Here are a few suggestions for getting your marketing moving.
Start by making the most of what you have. A business of any size needs to consider leveraging each touch point. When you speak to a customer, call someone on the phone, or send and email, use that as an opportunity to educate or inform. When you think about all the touches you make on a daily basis, they really add up.
Ask for referrals. You would be surprised by the low percentage of businesses who ask for referrals. To jump start any referral campaign, offer a small benefit to those who refer a customers. At the very least, get your referral program up and running and be sure to send a thank you note for making the connection.
Focus on creating a dialogue. If you are interacting via multiple media such as fliers, letters, emails, etc, make sure that you include valuable information and promotional offers. This can keep your business moving forward and is easy to implement. Think about adding a promotional postcard to your next package with an offer your customers can't refuse.
Keep testing new things. Especially in tough times, it is very important to dedicate a portion of your budget toward trying new marketing methods or ideas. Even if it is just ten percent of your budget, all it takes is one success idea to have a significant impact on your lead flow or revenue.
Improving your marketing results doesn't have to cost a lot. Some of the most effective marketing campaigns cost literally nothing to begin - think viral marketing and you'll get the idea. Consider how you might be able to make the most of the campaigns that are already working and continue to scale them. To often, successful campaigns never fully realize their true potential.
Offer a free download on your website. What can you do to attract more visitors and have them give you valuable information about themselves? The information you provide could be a free informational packet, checklist, or video. If people want free, you can give it to them but remember to ask them for something first. Be the master of get/give and you can build your list quickly.
How can you do more with a shrinking budget? The answer is simple. Create more way to market in a viral way. Essentially, let others do the selling for you. Here are a few suggestions for getting your marketing moving.
Start by making the most of what you have. A business of any size needs to consider leveraging each touch point. When you speak to a customer, call someone on the phone, or send and email, use that as an opportunity to educate or inform. When you think about all the touches you make on a daily basis, they really add up.
Ask for referrals. You would be surprised by the low percentage of businesses who ask for referrals. To jump start any referral campaign, offer a small benefit to those who refer a customers. At the very least, get your referral program up and running and be sure to send a thank you note for making the connection.
Focus on creating a dialogue. If you are interacting via multiple media such as fliers, letters, emails, etc, make sure that you include valuable information and promotional offers. This can keep your business moving forward and is easy to implement. Think about adding a promotional postcard to your next package with an offer your customers can't refuse.
Keep testing new things. Especially in tough times, it is very important to dedicate a portion of your budget toward trying new marketing methods or ideas. Even if it is just ten percent of your budget, all it takes is one success idea to have a significant impact on your lead flow or revenue.
Improving your marketing results doesn't have to cost a lot. Some of the most effective marketing campaigns cost literally nothing to begin - think viral marketing and you'll get the idea. Consider how you might be able to make the most of the campaigns that are already working and continue to scale them. To often, successful campaigns never fully realize their true potential.
Offer a free download on your website. What can you do to attract more visitors and have them give you valuable information about themselves? The information you provide could be a free informational packet, checklist, or video. If people want free, you can give it to them but remember to ask them for something first. Be the master of get/give and you can build your list quickly.
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