| The Fallacy of Free Advertising:
The temptation to turn towards free marketing
resources can be an irresistible call, particularly to beginners on
tight budgets. However, 'free' isn't a good bargain if it doesn't give
you *results*! You still 'pay' for free advertising in terms of wasted
time and effort. There are many effective ways to promote your business
free. However, let's start with a brief look at a few of the less-
effective methods. Although the rare person might get results that
justify their continued use, most people find them to be a waste of
time.
These include: * Free classifieds in newsletters.
Some editors offer a free ad to new subscribers in an effort to build
their lists. Unfortunately, if they're getting a lot of new subscribers,
they're probably also getting a lot of free ad requests -- which means
your ad is likely going to get crammed alongside several others. As you
can imagine, readers often ignore 'classified ad' sections such as
these. * Free classifieds on websites, or 'Free-For-All' (FFA)
sites where you can post your link. Most people go to post ads, not read
them. How often do YOU go to these sites to read ads? Enough said.
Free banner or link exchanges. You know the
type: you place a snippet of HTML on your website, and the links or
banners are automatically rotated through everyone in the network. These
are not usually targeted enough to give good results.
Traffic-generating programs. You join a
'network' and 'share' traffic -- on your site, typically a popup or
popunder window (advertising another member's site) is displayed as your
visitor enters or leaves your site. Other members display your ad in a
similar way. A popular example are the 'start page' or 'exit page'
programs. Sure, this can give you traffic... but the most important
thing is, does it give you *results* -- subscriptions to your
newsletter, for example, or sales? The conversion rate is typically
negligible or low for these types of programs.
Now onto the good stuff... here are several excellent
free marketing methods that have the potential to yield great results: Targeted
Link Exchanges Place a link to another related site on your own, and
in return, ask them to reciprocate. Do it consistently and you will
eventually have a wide-ranging network of targeted, relevant sites on
which you are linked. Your 'link popularity', as it's called, is used by
many of the major search engines to help determine how well your site is
positioned in the results. Plus the more links you have, the more places
people can find you. You essentially 'share' another site's
traffic.
Build and Use Your Own Opt-In List There's
nothing like your own newsletter to develop a relationship with your
visitors. Make it your goal to provide quality content and you'll have
loyal subscribers who trust you. Granted, hosting the list isn't usually
free (although there are still a few free list hosts such as Yahoo!
Groups, http://groups.yahoo.com/ ). Still, once you have your own list
of targeted, interested readers, you also have your very own marketing
tool -- you can promote your products or services to this list, plus use
it as 'leverage' for potential joint ventures (see below). It does take
time to build a quality list, but it can be extremely profitable in the
long run.
Search Engines and Major Indexes Web surfers
regularly use search engines and indexes to pinpoint exactly what
they're looking for. Although more and more search engines and major
indexes are now charging for reviews and/or listings, some of them (such
as Google, http://www.google.com/ ) are still free. It takes time and
effort to learn how to properly optimize your site for the search
engines. It's no good to be #138,475 out of 1,437,593 search results; no
one will ever find you! Learn more about search engine optimization at
Submit Site Page. It's well worth the time
and trouble to get properly positioned -- if you get a good listing, it
could mean a steady stream of targeted traffic.
Once you've started promoting your site it is a must
to have a good tracking tool - having a "counter" on your site
will not help you track where your visitors are coming from - nor what
forms of advertising you are wasting your time/money on. For
more on site tracking go to our Site
Tracking Page!
Free Publicity Imagine getting a radio or TV
interview, or a write-up in a popular magazine whose readers are your
target market. It's great exposure, and best of all, it's free! Many
small businesses simply can't afford the advertising rates... and even
if you could, publicity is even better because the radio show, TV show,
or magazine provides credibility to your offer.
Referral Marketing Encourage happy
customers to tell their friends about your business. This is a great way
to build your customer base, year after year, through the power of the
'snowball' effect -- a happy customer tells a friend, who tells a
friend, who tells a friend... Referrals also tend to be easier to
convert into paying customers because your product has been 'endorsed'
by someone they know and trust. You can offer incentives such as
discounts or a free gift to encourage referrals. Regardless of whether
or not the referred party makes a purchase, be sure to thank your
customer for the referral -- reward his behavior and he'll be more
inclined to repeat it.
Write and Distribute Articles, Reports, eBooks...
Create useful free content and include a brief blurb about your product
along with a URL. Encourage people to pass it around. Indicate that
websites and newsletter editors are welcome to offer it as a gift,
bonus, or premium to their visitors, subject to your publishing
guidelines. If you do this consistently, you can eventually have
thousands of links back to your business all over the web! And the more
people pass it around, the more exposure you'll get. You can do this
with practically anything: articles, columns, lists, reports, eBooks,
software, worksheets... use your imagination!
Joint Ventures Approach complementary
businesses with win-win proposals. A simple and common 'JV' is an ad
swap: you each publish one another's solo ads to your respective lists.
You both avoid paying out-of-pocket expenses and have the opportunity to
reach a new group of targeted prospects. Another 'twist' to this common
JV is to send endorsed ads to one another's lists. Review each other's
products and, if it's worthy, mail an endorsed message to your readers.
Endorsements usually outperform 'regular' ads because it comes from
someone the readers trust (the editor). The beauty of the Internet is
that it allows you to run a business with very little money. The
'secret' is knowing which of the available free resources are worth your
time!
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