The amount of money a company will spend varies from industry to industry. One business may have to spend millions while another company may not even break $1,000. Many prefer to go all out, with their competitors in mind. But, most new businesses will have to curb the amount they spend on pushing their products or services.
Advertising has many forms – newspaper, magazine, television, Internet, and so on. Each method has its pros and cons. What works for one company may not work for another. Advertising experts consider word-of-mouth to be the most effective form of advertisement. This technique is known as the process of passing information from person-to-person and is free of charge.
Below is a list of low-cost and no-cost advertising methods provided by Guide to Starting Your Own Business by Black Enterprise. These methods have proven to be very useful to small and large businesses.
Flyers – create an informative and creative flyer that can be noticed in a new restaurant or company bulletin board.
Business Cards – important marketing tool that reflects the image of your business.
Brochures – give you the opportunity to provide detailed information about your business and the products or services that you offer.
Yellow Pages – people use the Yellow Pages to locate law firms, web designers, hotels, boutiques – you name it.
Company Logo – if you have crafted an eye-catching logo or slogan, it is best to place it on all printed collateral – business card, flyers, and brochures.
No matter which method your company chooses, be sure to get the biggest bang for your buck. But, you should use the medium that will be most effective in reaching your target audience.
For more information and tips, read more of Guide to Starting Your Own Business by Black Enterprise.
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