Every successful company uses some sort of pro- motion to influence certain audiences
- usually customers or prospects - by informing or per- suading them. Reasons for
promoting a business include: increasing visibility; adding credibil- ity to you
or your company; enhancing or improv- ing your image; and bringing in new business.
The following cost-effective, easy-to-execute ideas have the power to increase sales
in a way conventional advertising cannot. The key is to find the methods that are
appropriate for your business, marketplace and professional style.
1. CONTESTS. As one example, a cookware store decided to sponsor cooking contests.
After send- ing out a press release announcing a competition for the best cookie
or chocolate cake, a mailing went out to the store+s customers soliciting en- tries.
Food editors, professional chefs and cook- ing teachers were invited to be judges.
Both the winners and the winning recipes were publicized. Essay and design contests
are also possibilities, such as a furniture store establishing a prize for student
furniture design. Pie eating, pan- cake flipping, oyster shucking and grape stomp-
ing contests make sense for restaurants. Den- tists can hold smile contests, while
video ren- tal stores can stage movie trivia quizzes.
2. NEWSLETTERS. Another good way to promote, par- ticularly for brokers, banks and
business consul- tants, is through newsletters. They demonstrate how much you know
about your field, and do it in a low-key, informative way. They help keep your company
high in the consciousness of your pro- spects.
3. DEMONSTRATIONS. Demonstrations are an option to attract people to your place
of business, show them how to best use your product, and establish your credibility.
A retail-wholesale fish outlet holds cooking demonstrations twice a week, fea- turing
a different restaurant chef each time and attracting substantial crowds. Recipe
cards are even given out. Wallpaper demonstrations, fa- shion shows, gift wrapping,
refinishing and com- puter demonstrations have all worked well for re- tailers selling
products associated with them.
4. SEMINARS. Often more appropriate for business- to-business marketing, seminars
are the commercial side of demonstrations. If you hold a seminar, follow these rules
for success:
* Schedule the event at a time convenient to most attendees.
* Be specific in the invitation about when the event begins and ends, who will be
there, and what the agenda is.
* Follow up the invitations with personal phone calls.
* Charge for the seminar to give it a higher perceived value.
* Follow up after the event to get people's re- actions.
5. PREMIUMS. Also called an advertising special- ty, a premium is a gift of some
kind that reminds your customer of you and your service. There are thousands from
which to choose: key chains, cof- fee mugs, refrigerator magnets, baseball caps,
paperweights - just about anything that can be engraved, imprinted, silk-screened
or embroidered with your company name and phone number.
6. SPEECHES. Depending on your topic and your mar- ket, you might want to speak
before chambers of commerce, trade associations, parent groups, sen- ior citizens
or other local organizations.
7. ARTICLES. Another possibility is to write an article for a trade journal, reprint
it, and mail it off to your friends, customers and prospects. This positions you
as an expert, and is a partic- ularly good way to promote a consulting business.
8. BONUSES. If you have a restaurant, give away a glass of wine with dinner to introduce
a new menu. If you sell to retailers, give them a display fix- ture with the order
of a gross. If you sell of- fice supplies, give away a new pen with a size- able
purchase. If you+re in the cosmetics busi- ness, offer customers a free sample blusher
when they buy mascara and lipstick.
9. COUPONS. For best results, the price break should be significant - at least 15
percent. This is one of the least expensive ways to de- velop new trade, and an
excellent tool for eval- uating advertising. However, one theory holds that coupons
draw people who only buy discount and never become regular customers. So be sure
to monitor the results.
10. DONATIONS. Donating your product or service to a charitable cause often results
in positive exposure to community leaders, charity board mem- bers, PTAs and civic
groups. While consumer pro- ducts are desired most, many organizations also look
for donations of professional service time. If you have a restaurant or a large
meeting facil- ity, consider hosting an event for a charitable organization. This
works best if volunteers for that charity are potential customers.
11. SAMPLES. No matter what you do to promote your business, giving potential customers
a sam- ple is an excellent way to attract attention and make a positive impression.
In many cases, it makes just as much sense to spend your marketing and advertising
dollars on giving out your own products instead of buying advertisements - especially
if cash is tight. The key is to give samples to the audience you want to reach,
i.e., software packages to computer user groups, or nutritious snacks to health-oriented
consumers. In the food arena, where one taste is worth a thousand words, firms now
exist that test market new products for large and small companies alike through
in-store demonstrations. A good demon- stration company not only keeps track of
how much of your product was given away, but also submits detailed reports on what
people said about the product and how much of it was purchased.
12. FREE TRIALS. If your product is too big or expensive to give away outright,
why not offer a free trial to qualified customers? Try ship- ping it out to prospects
with no strings at- tached. Most people will appreciate the oppor- tunity to try
the product, and hopefully many will like it enough to buy it.
13. FREE SERVICES. If you can+t afford to give away products, offering your services
as a way of generating new business can also pay off. For example, if you own a
retail clothing busi- ness, send out a flyer offering customers a free fashion consultation
to draw them into the store.
14. SPECIAL BENEFITS, RATES OR NOTICES. Smart organizations go out of their way
to make cus- tomers feel important and appreciated. Frequent flyer clubs are the
most pervasive example of loyalty-building benefits for customers only, now adapted
by many kinds of businesses. Most software companies sell program updates to cus-
tomers at discounted prices. And advance notices about sales or other changes or
opportunities can help cement customer ties.
15. SAY "THANKS". One of the best ways to let cus- tomers know you value their business,
and to en- courage their continued patronage, is also one of the easiest. It boils
down to saying "thank you" - in letters, mailers and surveys. On statement stuffers,
receipts and invoices. And in person.