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How
to Promote Your Business with Limited Marketing Budget
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Knowing
how to promote a business effectively with limited marketing budget is one of
the common questions of many business owners. Olga Kostrova shares some tips
on what a creative promotional concept can do for you.
by Olga Kostrova
Contributing
Author
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“How to promote my business effectively with my limited marketing
budget?” Believe it or not, this question plagues owners and marketing
managers of large, medium, and small-sized businesses alike.
(article continued below ...)
Here are some tips that could be helpful:
- Instead of following the “me too” strategy, try to create some unique
and attractive concepts for your promotional campaign.
- Innovative ideas will not only attract your potential consumers but it
can give you wide ranging FREE media coverage.
- If no ideas come to mind, try to find a company whose service can
assist you in developing a unique promotional idea for your product or
service. When ordering this creative service, don’t accept the first
idea presented to you; ask about a few alternatives to choose
from.
- To save money, don’t hire a huge established company even if they
have an attractive portfolio and Fortune 500 clients. You rarely will
find that their pricing will fit your budget. Instead, hire a young
promising team that will be able to give you a great discount while
trying harder to build their client base. In this case, you have more of
a chance to be satisfied with the results and process.
- Use as many visual tools as possible in your marketing campaign, web
site, and press-kits. With any great product, the service description
will not achieve as much success as the right photos and illustrations.
That is first priority in building the correct image for your company
and your product as well as attracting the attention of the mass media.
If you decide to hire a photographer, first consider a cheaper option:
usage of stock photography available from as low as $6.99 per image. Don’t
use images that thousands of other companies use. Your goal is to be
unique and different from your competitors. Go for quality, exclusively
distributed imagery that in itself can suggest great ideas for your
advertising campaign.
- Explore the opportunity to add unusual, easy-to-remember video clips
to your Sales & Marketing presentation. Don’t go for an expensive
commercial. Hire a small production team that will save time and money
and produce for you original digital video. A CDROM containing 1-5
minute video clips can be a very effective presentation tool when
conducting special events for your clients, partners, media event, trade
show, or motivational meetings for employees. Also, it is an
indispensable addition when you apply for financing or searching for
international representation. Reasonably priced Internet commercials,
added to your web site and sent via e-mail, can yield unexpected
secondary advertising since a lot of people distribute great pictures
and shorts via email to entertain their friends. And who could blame
them - even my guinea-pig likes cute movies!
-- Olga Kostrova, Creative Director of Artmill Creative Group. As a
professional advertising photographer with an MBA and great experience in
marketing, public relations & creative promotions, Olga contributes her
time providing Free consultations to business owners and marketing
professionals. Contact Olga Kostrova at http://www.artmill.org/artist
and view the company’s latest project, Artmill Photostock at www.artmill.org
.
February 4, 2003
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