5 Most Cost-Effective Marketing Strategies [Marketing Math]

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A new year has begun. This comes with a plethora of fresh opportunities. You can complete that New Year’s resolution list. You might want to invest in a new business. Or you might aim to develop an existing money-making venture. In either case, you will want to create a cost-effective marketing campaign. This campaign should drive customers your way and boost your profits. Get ready for profitable success. Explore these five strategies to make an affordable and powerful marketing plan.

Cost-Effective-Marketing

Back to Basics

Marketing 101 starts with getting your brand in front of as many faces as possible. Corporate promotional products are the quickest and most eye-catching way to this. When designed well, these products reflect your name, vision, goals, and style, all while showing off your generosity. 

As an added benefit, buying in bulk ensures you always have items ready to give away. You can distribute them at events, on the street, in-store, or in the office. Potential customers, clients, suppliers, or new employees can receive them. When a new event or branding cycle occurs, you can create unique and fresh items. These include customizable bags, pens, notebooks, mugs, or whatever your imagination creates.

Easy Mail-outs

Good marketing campaigns always have a measurable return. One effective strategy to reach potential customers with your product and message involves sending out a simple mailer. During the purchasing process for branded products, consider buying branded postcards. These items can serve as sturdy mailers. Buying postage would be your only additional expense. 

Collaborators

Finding local collaborators to work with is a low or no-cost way to enhance your marketing plan. Collaborators are people just like you who are trying to make waves in the business world. They can offer in-tandem or in-kind sponsorships where goods and services are exchanged between two businesses. Often, collaborators share a similar vision or message. This means you complement each other and push each other to greater heights. For example, a fitness clothing line may establish a fruitful partnership with the local gym. You can approach businesses directly. Another way to connect with the right people is by attending town hall meetings. Signing up for social media groups and business mentoring programs can also be beneficial. You can also read this search engine marketing guide to explore more.

Free Publicity

There are many ways to leverage free publicity through your customers and their experiences. Customer reviews are an essential way to showcase your business. Remind people to leave a review. This gives those you’ve already impressed a chance to speak up about your excellent work. Social media is another place where free publicity reigns. Hire a fantastic social media expert or influencer to post about your business. Gain the attention of the world with just a few mouse clicks.

Final Thought

Another internet strategy involves paying other websites. You pay them to link back to your business. You can do this by approaching a business that works in a complementary (but not competing) field. You only pay fees when someone clicks to your site from a link or buys something from your store. In return, you’ll receive detailed measurements. This data shows exactly where your money is going. It also shows the direct result of that marketing strategy.

Always have a plan in place before you start writing checks for your marketing campaigns. Never make large changes to your target audience or branding without first thinking through your options and intentions. By planning ahead, you avoid investing your time in supposed revenue generators. These end up being little more than money-sucking marketing gimmicks.

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