Make Marketing More Affordable with These Cost-Cutting Ideas

Yesterday I overheard the 6AM broadcaster on NPR talking about what the venture capitalists would be looking for at the business show going on in San Francisco this week. The point he drove home, no big surprise, was that strategist who were coming up with ways to businesses do more with less would be the ones most likely to get funded. This is a common mantra among many service providers, especially among those in the IT industry. But if you had to actually detail HOW you help your clients do more with less, could you do it? Take 5 minutes and come up with 3 ideas. Now what do you get?

This is a conversation we have regularly with clients, in our efforts to help them figure out how to get more from their marketing budget. Our answer typically revolves around looking for as many possible different ways to re-purpose content so that the cost of a single project is spread out over multiple deliverables. Here’s my list:

1. Press Releases used to be just for press but the truth is that your customers, partners and investors want to read them, too. After you pitch a release and put on the wire, don’t forget to place it on your website. Next consider linking to it from your monthly newsletter. Print out a few copies and place them on the receptionist desk (if you have foot traffic in your office), print out a few more copies and hand them to sales reps (if they are likely to become foot traffic someplace else) then consider emailing a copy to the prospect you spoke with yesterday, the guy who won’t take your call and your banker (it is always good to elevate your self-worth with your banker).

2. Don’t limit the recipients of your postcard to the folks on the mailing list that you just rented. Seed your list with customers, too. Carry them in your briefcase or purse when you go to meetings this week and hand them out INSTEAD OF business cards. Get a PDF version of the card and share with your sales force. Show them how to add it as a thumbnail to their autosignature.

3. Newsletters should live all month long. Whether you email them or direct mail them, don’t assume that because we’ve passed the first of the month that they are no longer newsworthy. Keep hard copies in an acrylic display in your conference room. Add the current issue to your press kit. Upload the articles individually to your on-line knowledgebase. Post them in an archive to your on-line newsroom.

More ideas coming later. It’s lunch time now so I’m going to practice these ideas on the folks at my lunch meeting.

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