Marketing your small business with little or no money

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When you run a business, be it a large corporation or a small home-based business, we all know that at some point we have to dig into our pockets and spend some of our hard earned cash on marketing. But if you’re feeling the pinch, or are just starting out, here are a few tips on how to market your small business with little or no money.

ID-100110228Social Media – Facebook, Twitter, Pinterest, LinkedIn, Google + are all social media sites that can help you market your business for free. Set up an account and get going. Not only can you share details of your products and services, but you can also personalise to show your human self…what you like, what your interests are. Share articles of interest and inspirational quotes, pictures…anything that you think people will like to see.

Email – in order to use email, which is free, you need to collect email addresses of current and potential customers. How do you get email addresses? Give away something for free – people love free stuff. It doesn’t have to be a physical thing; you could give away free information. For example if you are a crafter, you could give away a free information sheet on how to crochet, sew a simple item. The only proviso is that people sign up for your monthly/quarterly newsletter – then send them your newsletter, which is packed full of information about your business, special offers and details of your products or services.

Ask existing customers to refer you to friends and family – offer an incentive for them to do this. For example, you could say that for every five customers that they refer who buy something from you, they will receive a 10% discount.

True stories – Use a real example of a problem you’ve solved for a customer, with a quote from them about how great you are! Turn this into a blog post, an article on your website or add it to your newsletter.

ID-100349134Survey your customers – Send your existing customers a survey. Ask them about the products or services they have bought from you. Ask them what they like best about your products/services and use the information you gain to improve your offering or to promote your business. At the end of the survey, ask if it is ok for you to publish any of their comments….if they say ‘yes’ you have more recommendations and possible stories. And report your survey results in a blog or an article.

Write a blog – Keep in the forefront of your customers and potential customers’ minds by writing a regular blog. There are lots of free hosting sites out there – it just takes your time to get it up and running and to blog on a regular basis.

Have a website – It’s always good to have a website, where people can easily find you and see all your products and services in one place. Make sure it is easy to navigate and engaging.

Free directories –As well as all the directories that you can pay to be in, there are loads of free directories out there. Get your business listed in all the free ones you can find.

Attend networking events – Sometimes these events are free and sometimes you have to pay a small fee to join in. Attending these events is important as you’ll meet other people with small businesses. The purpose is usually to share information and experiences. If there are none near you, how about setting up one in a local community centre or pub?

ID-10035801Enter a business award competition – There’s nothing better than being able to say that you’ve won an award in a specific competition. Even if you don’t win, but are shortlisted in the top ten, it’s still something to shout about. If you do happen to win, you can advertise the fact on your social media pages, on your website, in your newsletter etc. You could also put it in your signature.

These are just some of the ways you can market your business. If you have other free or very cheap ideas on how to market a small business, please feel free to share…

Images courtesy of 1) Master isolated images 2) fantasista 3) nuttakit at FreeDigitalPhotos.net 

Attracting new customers versus retaining existing customers

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When we think of marketing our businesses, most of us focus our attention on getting new customers. It always feels more constructive and is more financially appealing to gain new customers, but unless your business is a new one, it is worth looking at how to gain more value out of your existing customers too.

New customers

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Who are they? You may want to attract new customers to build your customer base. In order to find those elusive ‘first time buyers’, you need to think about who you are trying to attract. What kind of customer does your business appeal to? Is it men, women, families, people who like sport? Think about who you need to target.

Where are they? Once you know who you are targeting, you can look at where they are and how you can contact them – are they online or offline? Are they in a particular area? If you are selling sports items for example, you know that you could find your potential customers at the gym or at health clubs.

How do you contact new customers? If your customers are online, you could target them through social media, blogs and forums. You can advertise online in business directories or online publications.

For offline customers, you could advertise in local free papers, put out flyers in places you know they will be, such as gyms, health clubs, hairdressers or beauty salons, for example. You could also attend networking meetings or conventions where you can meet new people face to face. Always carry your business cards, so you can give them out or leave a small stock wherever you go.

Solve a problem

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You need to be seen as an expert in your field, so try and solve a problem for potential customers. Think of something that your products can do for them – this gives them a reason to try your products. It might be that you sell beauty products and you have the latest ‘big thing’ that makes wrinkles disappear! Sell your product as a solution to a problem and people will want to try it. This could be done face to face, or you could write a specific blog on a particular product or service you offer.

Collaboration

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It might be that your products or services work well alongside another product or service. So, team up with another business and sell your products or services together. For example, if you sell beauty products and you know a hairdresser, you could team up as a full beauty package. Link to each other on your websites and mention each other in your blogs.

Obtaining new customers is all about building new relationships, so take every opportunity to do just that.

Retaining existing customers

We all want to grow our customer base, but if you focus on growing your existing customers, you are more likely to keep them. If you have lost customers, have you ever taken a step backwards to work out why? We all spend a lot of time and effort trying to get new customers, but we must never lose sight of keeping a relationship with our existing customers.

Repeat sales

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Once the initial sale has been made, it’s important to build on that relationship….thank them for their custom and remind them why it was such a good decision to buy from you in the first place. Getting to know your customers and giving them what they want will create loyalty and they will return to you again and again. I once employed a general builder to lay a patio…whilst laying the patio, he mentioned that he was Corgi registered, so I promptly booked him to service my gas boiler. He always arrived on time, cleared up after himself and was chatty and friendly and made me feel that my custom really mattered to him. So, when the massive wall that surrounded my property partially came down in very high winds, he was the first person I called. My point is that from doing a small job, he ensured I knew what else he could do, left a card, and was so friendly, I remembered him. I knew he could solve the problem I had and trusted him to do the work well.

Bringing back old customers

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Do you have customers that you haven’t heard from for a while? These customers know you and your products already, so it’s a matter of getting back in touch and reminding them that you’re still here. You could ask them why they’re no longer buying from you, endeavour to overcome any problems, and show them that you still value their business. Sometimes, all it takes is to reintroduce yourself – a customer may just have forgotten that they had bought from you in the first place and immediately be interested in other or new products you have to offer. If you sell gift items, contact them in plenty of time to buy gifts for Christmas…and of course, that can be your opening gambit!

Customer Service

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I know that I bang on about customer service in most of my blogs, but it is so important to every aspect of your business. If your customers have an exceptional experience, they will come back for more. Helpful, friendly, go the extra mile – all these things, along with an excellent product that solves their problems, will keep your customers happy…. and happy customers are loyal customers.