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Low Cost Marketing Strategy

2 Simple Marketing Strategies To Grow In a Down Economy

By Charlie Cook   |   February 9, 2009

Is marketing your business in this economy more of a challenge than ever? Has it gotten harder for you to generate leads, close sales and meet your profit goals? Are you worried that it’s going to get harder in the year ahead? You’re not alone.

No question that the recession has focused our attention. Small business owners like you are looking hard at their marketing strategies and wondering what to do next.

Here are two simple marketing strategies to make your marketing rise to the challenge. Maximize your marketing and you can continue to profit in this economy.

1. Get The Most For Every Dollar You Spend
There I go again, stating the obvious. But too many business owners are resigned to poor returns on their marketing dollars. Don’t be one of them.

Almost every fall, my wife and I drive over the mountain from our Vermont vacation home to a family-owned orchard in Monkton to pick apples. We enjoy choosing different varieties for cooking and eating — and nothing beats the crisp taste of an apple right off the tree.

It’s easy picking, too; the trees typically are heavily laden with apples. The family that works the orchard has been pruning, grafting, and fertilizing so that every branch bears as much fruit as possible so they can maximize their profits.

The same is true with your marketing. You want each of your marketing activities to bear good fruit. Are your ads, mailings and website generating the maximum number of leads and sales? Or are they more like an apple tree, with only one or two apples on it.

Typically, small business owners spend plenty of money on marketing but get only a fraction of the business they could from it.  Look at your website, for example.

- How many visitors do you get per day?
- How many of those visitors contact you?

If the number is anything less than 10%, you’re not getting the results you should from the money you’re spending.

Want to get more return for each dollar you spend on marketing?

Start here >>

2. Take Every Dollar Off The Table
After months of looking for a new bed, my wife and I finally agreed on a cherry bed frame from a craftsman in Maine. When my wife called to place the order, the savvy sales person asked her if we also wanted matching nightstands. He showed her several styles that would complement the bed, explained how easy it is to customize them, and offered free shipping on all the pieces if we decided within a week.

We hadn’t planned to buy night tables, but the logic of getting furniture that matched and the discount persuaded us.

Are you being as smart as this furniture sales person?

Once you have a client ready to make a purchase, they’ve already crossed the purchasing threshold. If you have more than one product or service, this is a good time to sell them more. You can increase the amount you make from each sale by 30% with an effective up-sell or cross-sell strategy.

And that’s only the beginning. With the right follow up marketing strategy, you can get your loyal clients to buy from you again and again.

The goal is to help your clients get not just the product or service they initially asked about but the best complement of products or services you provide. In doing so, you’ll maximize the value of each of your clients. You’ll make 30% to 100% more from each client.

Imagine you were in a meeting with a client and they put $1,300 hundred dollars on the table – money they had available to buy your products or services. Would you take $800 and walk away from the rest? Of course not, but that is what most business owners do every day by not optimizing their cross-sell, up-sell and follow-up strategies.

Want to find out how to take every dollar off the table?
Use this strategy >>
-Charlie
MarketingForSuccess

P.S. Every week I talk to small business owners who are struggling in this economy but haven’t bothered to optimize their marketing to get the most out of every dollar. And they’re leaving money on the table with existing clients.  Are you one of these people?

Find out how to grow your business in this economy >>

P.P.S. Are you one of the few who are succeeding in these tough times? I bet you could be making more. Find out how >>

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Which Are the Best Low Cost Ways to Market Your Small Business?

By Charlie Cook   |   June 20, 2005

I grew up with a father who turned the heat down to 50 degrees at night, shut off lights practically before you left the room and took great pride in seeing how many miles he could get out of a gallon of gas even when it was only a dollar a gallon. Like my father, I don’t like to waste money on marketing my small business when there is a free or cheaper way of doing it.

Here are a couple no-cost, low-cost small business marketing ideas you can use to grow your business.

1. Get publicity for free
I write marketing articles regularly and then send them out to over 800 online and offline publications. This gets me a ton of free publicity, not to mention traffic back to my web site. You can use the same marketing strategy to get slightly famous, become known as an expert and generate traffic and leads.

Find out how you can get publicity for free.

2. Get web site traffic for free
I get almost a thousand visitors each day to my web site and that number grows each month. When I first launched my site I didn’t want to spend money on advertising I couldn’t afford and didn’t use pay-per-click at all. Instead I used a few simple search engine positioning techniques to move my site to top ten and top twenty positions in the search engines for dozens of keywords. This along with the strategy of writing and distributing articles brings me tens of thousands of visitors each month for free.

Discover how to get traffic for your web site without spending a fortune on advertising.

from the Small Business Marketing Expert- Charlie Cook

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