Virtual Entrepreneur

10 Marketing Tools for Home-Based Businesses

August 19th, 2006 | Author: MrsMoney

AllBusiness:
Owners of home-based businesses sometimes view marketing as an unnecessary expense, but nothing could be further from the truth. Because a home-based business doesn’t have a storefront for passers-by to notice and no opportunity to generate walk-in business, home-based businesses need marketing more than other types of businesses, not less.

Not marketing your home-based business will almost certainly doom it to failure. Here are 10 ways you can advertise your home business on a budget.

1. Direct mail. With the rise of email marketing, direct mail has fallen out of favor. But it is still a cost-effective way to advertise in many industries. To be successful, your direct-mail piece should look professional and feature well-written copy. Hire a professional copywriter and designer if these skills are beyond you ability. You may even be able to barter for design or writing work.

2. Voicemail. Even the outgoing message on your answering machine or voicemail system can help promote your business when utilized correctly. Make sure your message provides additional product or service information so that it is working for you, even in the middle of the night.

3. Brochures. Brochures are still an effective way to present your product or service to new customers. They are relatively cheap and easy to print and you can distribute them by mail or by leaving them at locations where they will be noticed. A professional-looking brochure can help convince potential customers that are still �on the fence� about your products.

4. Press releases. The only thing better than cheap publicity is free publicity, and well-timed, professional press releases can result in just that. By timing a product launch or promotion to coincide with a related local or national event, you may be able to get editors to include your release in their media vehicle, be it newspaper, radio, or television.

5. Case studies. Case studies aren’t just for scientific applications. Studies of your products in action can help your potential customers learn more and make an educated decision before they buy.

6. Referrals. Referrals are probably the single best way to find new customers. If you do something well, chances are people are going to talk about it. Offering incredible customer service to your clients will ensure that you end up with satisfied customers who are willing to share your information with their friends and colleagues.

7. Radio interviews. If you can speak knowledgably about your product or service and tie it in well with current events, radio interviews are a great way to reach a wide audience and improve your customer base.

8. Affiliate programs. Online affiliate programs are one of the most cost-effective ways to market your products to a wide range of potential customers. It’s like having the benefit of a commission-based sales force, but without any of the hassles of managing actual employees.

9. A well-designed Web site. Your Web site will be the first impression for your company for many of your customers. Make it a good one. Your site should provide information about your product or service in a clear and intuitive format. Many people prefer to do their research online before making a purchase, so make sure your site leaves them with the right impression.

10. Ezines or Newsletters. When you provide interesting and informative content related to the products you sell, you can turn a subscriber list into a frequent buyer list. If you do not have the time to run your own ezine or newsletter, you can submit articles with your information to different publications. When you are perceived as a knowledgeable expert, potential customers know that they can rely on you for quality information and quality products.

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