So, your product is great, the business plan is so sound your bank manager has already booked his triplets into Eton and you’re mentally picking out the colours of that holiday home in the Bahamas you’ve promised to buy yourself as soon as your business makes you stinking rich.
Just one problem: you don’t have any customers. Why? Because no one knows you exist yet. As a small business it's unlikely that you're in a position to run five-minute ads in between X Factor and Jonathan Ross, and that double-page spread in The Times may stretch your 12-quid advertising budget just a little too much. Hell, you can’t even afford any PR.
So, what are you going to do? The answer is low-cost/no-cost marketing.
There are plenty of ways you can get your company’s name out there – we’ve already talked a lot about the possibilities of Twitter and Facebook on the blog, for example. It doesn’t end there, though; all you need is a little imagination and a bit of smooth talking - things you'll already have in spades as a small business-owner. Try these ideas:
Reciprocal Marketing
Keep an eye out for brands that you may have some crossover with and ask if they’d like to do a little reciprocal marketing with you. Say, for example, you run a stables and you know someone who sells equestrian equipment - some publicity for them on your website could well lead to them doing the same for you, meaning that both business are exposed to new customers.
This could be a blog post or even a small banner ad – the important thing is that you’re both widening your customer base with little effort or outlay.
New year, new start – tips for a successful 2012
Today’s post is by Clive Birnie, managing director of Severn Delta, the company behind the Sarah Smith cleaning products.
So here we go, heading into 2012. This time of year seems to lead inevitably to a mental audit. I can’t do much about your willpower for your New Year’s diet but here are my suggestions for good New Year’s resolutions and ways to improve your business this year.
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Posted at 10:50 AM in Advice, Banks, Cash flow, Christmas, Comment, Credit Management, Entrepreneurs, Finance, Marketing, Networking, Real business, Research, Startups, Top tips | Permalink | Comments (2) | TrackBack (0)
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