How to Grow a Business Without a Marketing Budget
I do not want to let you down, but the truth is that it absolutely cannot be done. You will have to budget something, and if it is not money, it will be time … probably a lot of time. Be ready for that, and budget your marketing time. Set aside a scheduled time to learn more, do more, and earn more. This is your business we are talking about and if you have a family to feed, like I do, it really starts to seem worth it to make it a success. Budget your time well, because although you may think you are too busy to budget time for marketing, the truth may be that you are just busy with the wrong things. If you are marketing your business well, time in other areas will almost surely free up for you. While you are budgeting time, be sure to budget enough to finish reading this article. I have some guerrilla marketing tips for you.
Useful Guerrilla Marketing Tips
I am going to give you some free and effective guerrilla marketing tips that you can start using today. I will also welcome your thoughts and additions, but if I try to add more than a short list, I will be writing this all day. This is only intended to help prime you for the task of marketing your business.
Guerrilla Marketing Tip Number One: Get Uncomfortable
If you are sitting back in your easy chair feeling comfortable about your marketing, you are not ready for this. If you are marketing without a budget, and you are comfortable about your marketing, you are really not ready for this.
One of the first things I would suggest for anybody trying to grow a business is to get uncomfortable. The more uncomfortable you are, the more likely you are to take serious measures to do something about it. If you relax and think things are just fine, you are just asking for that comfortability to all slip away. I have been in business for over 20 years and I have seen the good times and the bad times. I remember joking with my wife while living in my ivory tower and having a whole lot more time and money than I ever thought I could want or need and saying “I’m tired of living like this.” I actually joked but also kind of meant it, because while earning more per year than an average family does in ten years can be fun and all, a fall can also happen a lot faster. I have seen it … the hard way. Never get too comfortable, and always find reasons that you are “tired of living like this.”
Guerrilla Marketing Tip Number Two: Find Success and Follow It
Find success and follow it! Look for what successful people have done and learn from their experiences. I am not saying to imitate their every move, but rather to learn what they know and find ways that it can be applied to your marketing efforts. Many successful people will blog about their experiences and are happy to share what is in their head. Read blogs until your eyes hurt! Although it may seem like a waste of time at first, look at it this way; if you want to know how to do something better, doesn’t it make sense to use what others have learned instead of trying to learn it all the hard way?
Do not believe everything you read, but choose carefully and read a lot. Pay attention! Pick out a handful of blogs and spend some time to do more than just scan and click. Your competition is scanning and clicking through a lot of information. You want to learn and improve your business profitability, so what you should know is that even a little of the right information is better than a lot of average information. Get involved and find information pertinent to your industry. Find information from marketers who know marketing. Find things that challenge convention, because conventional is what everybody else is doing. Here are some blogs to help you get started, and of course I should mention that I have a blog archive with many nice trinkets to share.
Don’t just sit there! Learn opinions from other readers and add your comments. Note that while you are commenting that there is a place to enter your web address URL and it will create a link back to your website. If you are active in blogs, those links can add up to a lot. It is also a great way to become familiar with other frequent readers or people who had a common interest. Reach out to them and find out what works for them. Also be sure to read “10 Really Good Reasons to Blog” … seriously, add it to your time budget and read it!
Guerrilla Marketing Tip Number Three: Look Where Your Market is Looking
Look where your market is looking. I want to be really clear on this when I say that your customers are using the Internet. I was recently visiting with an old client of mine who is in the railroad construction business. They came to me about a website several years back, because they knew that they were supposed to have a website. They did not really know why, and their biggest focused use of it was to find job applicants. Even today, they still find it hard to comprehend that the people out there who make decisions about who will build their railroad bridge or railroad extension are using the Internet. Think of it this way, if you were running this company, even if they are not using the Internet to search for where to buy a railroad bridge, you should be there to increase their awareness of you. The company spends virtually zero money or effort in marketing, yet they want more business. This is what happens when you stop saying “I’m tired of living like this.” The moral of the story: Don’t get railroaded by thinking that your customers don’t use the Internet. Unless your potential customers live in caves without computers and no cellular signal, they are using the Internet every day. Just because you do not sell the product online or receive immediate gratification does not mean you can slide by without it. Selling more of what you offer does not always mean you are pitching them your next deal. There is a reason that Mc Donalds runs ads that say “You deserve a break today” and not just “$.99 Big Macs for a limited time at participating locations.” Branding is important, and the company the potential purchaser has heard of will have the upper hand.
Guerrilla Marketing Tip Number Four: Guerrilla Marketing is a Stepping Stone
You should be aware of some basic assumptions about companies that try to perform marketing without a budget. You need to know this before you can overcome it. If your marketing budget is small, we can make a couple of accurate assumptions. Whether these assumptions are right or wrong, it is very likely how your prospective customers and your competition will perceive your business, so be aware of this. Here is the first assumption about marketing without a budget: If you do not have a marketing budget, it is pretty likely that you are broke. Successful companies that can afford marketing do not flinch at the idea of investing in growing their market share to squeeze you out of the picture. This brings me to the second assumption about marketing without a budget: Wouldn’t you, if you were them?
You could just try the old line that you don’t spend money on marketing because you are trying to keep your cost low. Sorry, anybody who has ever been in business will see right through that one. Let’s face it, your cost is lower when your company is productive and making money. Marketing does not create a net loss … it creates profit, money, business, customers, growth, market share … you know, all of those things you want more of. Marketing lowers your cost by making your business successful.
Guerrilla marketing is a good way to get started, but businesses that do not reinvest in professional marketing services will often fall into a wasteful trap that they are not able to get out of. Once you have seen the benefits of good guerrilla marketing, use it for professional marketing. You probably answered affirmatively when I asked “Wouldn’t you, if you were them?” Stop imagining that you are above this one very basic law of successful business: It takes money to make money. Remember that without experienced marketing talent, it will be much harder to get your hands on money. It is like a chicken and egg question, only worse: What came first, the money or the money? The more you invest, whether time or money, the more you will receive in return. If you use guerrilla marketing as a stepping stone to grow beyond your current constraints, you will then understand why you did all that reading i assigned you.
I will have some more tips for you soon, so budget your time and keep coming back.
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