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Seven Inexpensive Not Cheap Advertising Tactics

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Although most business owners acknowledge that customer referrals generate a great deal of their new business, very few have implemented a "formal" referral incentive program, even though this is one of the most effective, least risky way to acquire valuable customers' particularly if you're a service professional!

Example: Offer current customers who refer a friend a free month/hour of service; or silver-embossed letterhead is a huge mistake.<

Most small businesses have limited marketing communication, aka advertising, budgets making it even more crucial to research thoroughly; select the best medium(s) and target prospects carefully.

The following list contains seven suggestions for achieving "champagne" results on a "beer" budget!

1. Develop one or several, robust customer referral programs

Although most performing owners consider that customer referrals generate a great deal of their new business, very few have implemented a "formal" referral incentive program, even though this is one of the most effective, least risky way to snatch valuable customers… particularly if you’re a service professional!

Example: Offer current customers who refer a friend a free month/hour of service; instant "bottom of the bill" credit; or free merchandise AND a "spiff" for the "referee"! The details are up to you… I go into much greater detail of types of referral programs in my book, "Marketing, The Art and Science of Getting and Keeping Profitable Customers" if you’d like to learn more.

2. Dance with the Guy Who Brought You

There is squarely no reason to ditch old marketing avuncular (marketing lingo for brochures; direct mail letters; signs; point-of-sale displays; ad copy; promotions, etc.) if they still work! It’s okay to use the very same creative, send it to the very same prospects and/or run it in the very same publications over and over again, as long as it generates the desired results. However, it’s in perpetuity a great idea to continually conduct small, statically valid tests of new looks, offers and messages.

3. Don’t overdo the quality and quantity of your advertisement pieces or media mix

Smart marketers know when to "put on the dog" and when it’s a waste of money. Falling in love with fancy four-colored brochures; glitzy magazine ads; primetime TV spots; or silver-embossed letterhead is a huge mistake.

The sales vehicles, look and feel, and quality of all of your marketing telecommunication must be sortable for your product or service and most importantly, have a measurable impact on its effectiveness.

For example, variables like paper quality and graphics on a direct mail letter are far less important than the offer, so you could potentially save thousands of dollars by cutting back on the frills. The opposite is true when you’re developing a professional tract meant to represent your troupe to the outside world.

Bottom line: Don’t do fancy for fancy’s sake… it’s a waste of money; unproductive and may even be totally inappropriate for your target audience.

4. Use studies, reports and articles to remedy in educating potential customers as to your products or services

This is a wonderful, low-cost way to add clout! Can you imagine including a New York Times first draft on obesity with your nutritional services direct mail piece? What an impact! Or perhaps the same nutritionist would enclose a reprint of a medical report that linked predestined origin diseases with poor eating habits?

5.Use Boiler-Plated Literature Templates

What a simple, but powerful, tip! A very perplexing, and often expensive problem is how to develop market-appropriate material for diverse audiences without going broke.

The solution is simple. For instance, you can develop various sales letters using a "boiler plated" template; identical layout and content that are suitable for any audience. However, several predetermined sections are left unopened for personalization. This is often "modular literature"

6. Don’t deal your own car oil

How do you think I know this? You’ve probably had similar experiences… You know the ones… trying to save a few money by doing it yourself? So off you go… drive to the store; wait in line; ask questions; look at the merchandise; select the oil, pan, funnel; wait in line to check-out; pay the bar $24.97; drive back home; try to jack up the car so you can get underneath it to put the pan in place; undo the screw; get some oil in the pan; get most of the oil on you; get the funnel and fill it with the new oil; row everything down; throw your oil-laden shirt in the trash; and take a shower.

Cost? $24.97 in stuff; $1.32 in gas; $25.00 ruined shirt; 3.25 hours of your time; $1,000,000 in frustration… All this, when you could have had it done for you for $32.00!!

Lesson learned: Know what’s best left in the hands of professionals. Low cost is not never otherwise best cost!

However, there are times when doing it yourself is smart! If you’ve got go one better than routine computer skills or design talents it’s easy to create things like proprietorship cards, letterhead and bill stuffers… but please, unless you’re an ad patron by trade, do not try to buy, book or design ANY media (especially TV and radio) by yourself! Trust me, you’ll waste more money than you’ll save!

7. Pay suppliers on time

Not only will you endear yourself to vendors, but you can take ascendancy of your suppliers’ standard early pay discounts or create your own! This also saves money on late fees and will surely make vendors more likely to extend even overbear prices and offer you ongoing top notch service.

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