It has never been a more important time to understand small business advertising and how to implement these techniques than now. With the recent pandemic and the impact on small business owners worldwide, having the ability to pivot using effective marketing techniques is a deal-breaker. As a small business owner, you are accustomed to innovating and selling your product or service. Now, it’s time to elevate your visibility and advertise your business using tried and true marketing techniques meant to expand your business presence and increase awareness.
The Best Marketing Strategies for Small Business
Most, if not all of the marketing strategies for a small business listed here are free. That’s because we understand how important it is to have as much room in your budget as possible for everything else, especially right now. Taking your business to the next level will require you to do something more different than what’s been done in the past. You may not use all of them but identifying the right strategies for your business is the first step in finding out what works best for you. Once you find your sweet spot, duplicate it, and watch your business grow:
- Online — Over 3.6 billion people use social media and you should be using it too. It is the fastest, cheapest, and easiest way to reach your target audience. When you’re new to social media, it can be intimidating and overwhelming initially but as you become more familiar, you’ll be creating engaging content in no time. Outsourcing social media may be an option if you have money in your budget for it. But if not, being authentic and doing it yourself is the best marketing strategy there is. Customers connect to values, not just profiles, and making a genuine connection can turn into repeat business over the long term.
Publishing a website is like handing out a business card. It provides your current and future customers with a quick snapshot of who you are and what value you provide. The benefit of a website is the ability to reach more people at once compared to a business card. Another online marketing option is the use of email marketing. Using your website, you can create a database that can be combined with email marketing to follow up on potential customers. Many small businesses develop newsletters and share upcoming promotional events and new products through targeted email marketing campaigns.
- Referrals - One of the most powerful marketing techniques is word of mouth. Referrals from trusted sources, current customers, or friends and family can help you get the word out about your business better than any other form of marketing. When you think about it, you’ve probably asked for a referral for a product or service recently. Nowadays, there are many ways to get a referral using promotions, discounts, coupons, or placing a link on your website. Establishing referral networks are also incredibly effective and can be mutually beneficial when it is business to business. For white-collar professionals, it is even more powerful since professional relationships and reputations are at stake. Remember to maintain relationships with those who have the same standards of quality as you.
You’ve probably heard a lot about influencers on Instagram who get paid to sell products. You can duplicate that concept by leveraging influencers within your product or service niche. They may not have millions of followers on social media but thousands or tens of thousands is still a powerful networking tool. This only makes sense when you have sales systems and products in place and an easily convertible offer.
- Cold calls — No one likes cold calls but they are necessary and effective. Whether they are done via telephone, door to door, or online, they can make or break your business. Your ability to sell yourself and think on your feet can make a huge difference in how your business is perceived. It also provides the best results for small businesses.
- Flyers — Using flyers may seem old fashioned, but they are an inexpensive way to generate interest and awareness. Mail marketing is still very effective and distributing flyers into mailboxes is highly impactful. All flyers should be brief and direct with content that highlights your products and services. Adding a first-time customer discount or coupon can make a huge difference.
- Posters — How many times have you seen posters around your neighborhood, supermarkets, schools, or workplace? Although another old fashioned marketing technique, it is still very effective. In case you haven’t noticed yet, Starbucks has a board where local small businesses can advertise. Sometimes, hairdressers or local mom and pop restaurants have spaces to advertise. You’ll likely find these in a number of places that you frequent that you never considered before. The best way to advertise on posters is to create removable color-coded tabs so that you can track the areas with the most leads and readjust targeted campaigns.
- Add value — Another very powerful marketing technique, value additions come in the form of referral rewards, repeat customer discounts, or point cards. Movie theaters, fast-food chains, and even Starbucks participate in adding value to your repeat purchases. This is a way to keep customers connected and less interested in the competition. Value additions can be anything from a free beverage with the purchase of a meal or a free room cleaning with the purchase of 2 rooms. Just remember to add all value additions to all marketing materials to ensure your current and future customers are aware and can take advantage of the deals.
- Reviews — These are similar to follow-ups but much better! These can be posted on your website, Yelp, or social media page for others to see. Everyone loves doing business with highly rated establishments so don’t be shy about asking for a review. Even if the feedback is not all positive, you’ll have an idea of what adjustments you need to make. A good way to solicit reviews and feedback is to send out a questionnaire that includes:
- Why did you choose our business?
- Where did you hear about us?
- Who do you currently go to for this product or service?
- What did you like most about our product or service?
- What did you like the least about our product or service?
Remember the database from the website? Nowadays, soliciting feedback can easily be done via the internet using your website database of current customers.
- Affiliate marketing — Looking for explosive business growth? Affiliate marketing is very powerful because it is a mutually beneficial way of reaching your target market. The key to an effective affiliate marketing strategy is choosing the right affiliates to partner with. They should have a track record of converting leads into paying customers and have access to the customers you are trying to reach. Also, you should have a good marketing system in place for a larger business to take you seriously.
Contact Us Today for Small Business Advertising
With over 25 years of marketing experience, Rosy Strategies is well-positioned to help small business owners develop their own marketing techniques. We take a specialized approach to all of our clients because we understand that each business is unique with different needs. We will help you create direction with a unified purpose to help you navigate the pandemic and beyond.
Give us a call or visit our website for a consultation today!