What do Sriracha, Costco, Spanx, and Ben & Jerry’s have in common? They built their brand by breaking away from traditional forms of marketing (i.e. expensive advertising campaigns). Still effective, their strategies tend to be creative, well-communicated, and cost-efficient. Inexpensive marketing ideas don’t have to damper your brand recognition.
Take Krispy Kreme for example. This delicious donut maker relies on word-of-mouth marketing, enhanced through social media engagement and training store employees as brand ambassadors. Studies show that consumers prefer Krispy Kreme 35% more than competitors such as Starbucks and Dunkin Donuts.
Whether you’re the heir of a hot sauce empire, or a small business owner looking to stretch those marketing dollars further, try campaigning creatively rather than expensively. Here are 5 low-cost marketing ideas that work.
- Host and Properly Promote an Event
Plan a free event that people will have interest in attending, such as:
- A summer picnic in the park
- Yoga class
- Wine tasting
- Chef’s table cooking class
- Workday brunch
- Networking happy hour (yes, it’s an excuse to leave the office)
To guarantee attendance, hand-address the invitations and make the design pop. There’s something special about a beautiful piece of cardstock, with a creative design and simple, yet powerful message. Personalized printing and mailing services can help get the word out using quick and cost-efficient methods.
Serve tasty cocktails and canapes. If budget allows, hand out small giveaways with your company logo. Whatever you do, don’t forget the business cards. A well-designed business card is a powerful tool for brand recognition and communicating with new leads.
- Make Them Stop and Stare, at Your Logo
Your company’s logo says it all. It’s the story of your brand, so it should be well thought out and consistent with company values and characteristics.
Enlisting a design service is a cost-effective way to ensure your logo speaks well for your brand and appeals to your target audience. The use of color can enhance brand recognition by up to 80%.
Consistency is key when it comes to the design of your logo, and it should be placed on all marketing materials, from letterheads to newsletters.
- Stick It to Them
Stickers have become a powerful tool in the world of advertising.
Apple, Folgers, and Gillette have all used them as part of their marketing strategies. Stickers in unexpected places or on vehicles make people stop and take notice.
Flexible in size and placement, stickers are a cost-effective way to spread your brand’s image throughout a targeted location. Enlist a couple brand ambassadors to hand out stickers and place them in high traffic areas or wrap a vehicle in your brand’s image for ultimate exposure.
- Say, “I Wish You Were Here” with a Postcard
Creative, visual and easy to share, postcards an excellent way to get eyes on your brand.
Design and distribution are relatively affordable, compared to traditional letter campaigns. Since postcards arrive already “open” they make your message more noticeable.
The use of on-brand, eye-catching visuals will strengthen the design of your postcard. Including a bold yet intriguing call-to-action will further help to increase leads.
- Get Social Savvy
A creative social media campaign with eye-catching visuals, witty captions, and branded hashtags can easily be done when marketing on a budget.
You don’t need to hire a professional photographer, and an iPhone camera works well. Capture creative moments that highlight your brand’s culture and use an editing app such as Snapseed.
Capture emails or addresses from a social media campaign and be sure to follow up. Send an e-blast, personalized letters, or self-mailers with a catchy call-to-action.
Inexpensive Marketing Ideas for Your Audience
In the end, don’t be afraid of that “dare to be great” situation. Big ideas often come from interesting places, so take that “ah-hah!” moment and run with it.
Inexpensive marketing ideas should put more focus on creative ways to connect and engage with your audience on a personal level. Learn more about the costs and process of bringing your personalized marketing methods to life.
After all, they’re just a click, invite, or crazy stunt away from becoming your next customer.