Last week I discovered an insightful article from QSR Magazine titled “Cheap Marketing Tips that Work.” The author, Robert Lillegard discussed the thin line that marketers must walk in order to achieve success through inexpensive marketing tactics.
He pointed out that some brands make the fatal mistake of cutting marketing budgets in the wrong areas, and hyper focusing on strategies that don’t support or maintain their brand image. Additionally, some make the mistake of only highlighting a single strength, rather than concentrating on multiple brand attributes and therefore appealing to a wider audience. In one particular instance, a company attempted to scale down their budget to include only social media and a new website, and found their same-store sales decreased by 20-30%. (The company has since launched a more multi-faceted, effective approach.)
Lillegard also cited the importance of proper implementation of marketing efforts, including careful budgeting and ample resource allocation. He continued by outlining “cheap strategies that work”, including handing out free food samples, attention-grabbing signage and POP materials, and loyalty programs. Event programs and anniversary celebrations have also proven to be extremely effective for many brands.
Lillegard concluded by pointing out that no marketing strategy will be effective without the support of a solid, quality product and great customer service. I couldn’t agree more. I also feel that brands tend to achieve the best results when they adopt a streamlined marketing strategy that maintains consistent brand messaging across multiple channels. It’s important to maintain the basic elements that promote your product and brand image, such as signage, window clings, and banners, and combine them with mobile marketing and social media strategies.
You can read the article in its entirety here. I’m interested in hearing your thoughts. What inexpensive marketing tactics have you employed? And have they proven to be effective?