Launching
your business into the dog-eat-dog marketplace is every entrepreneur’s moment
of truth, and it pays to get a jump on your competitors by doing it with as
much innovation and flair as you can muster. Two absolutely critical
ingredients in any launch strategy are advertising and publicity whose job it
is to get your business noticed and patronized.
Pat Fallon, former
President of Fallon McElligot Rice, a U.S based advertising agency, said "it’s
tough to get good advertising in today’s brutally competitive marketplace
without spending a good deal of money--- but it’s not impossible’’. What you
have to realize is that good advertising cost fortune, it may gulp as much as
your start-up capital or even more sometimes. I guess you don’t have that kind
of money to spend, then, you’ve got to be awfully smart to get what you want.
The
following guerrilla tactics can jumpstart you in getting that PR help you
desire:
1. READ MARKETING AND ADVERTISING PUBLICATIONS. A diligent search in marketing and advertising publications can expose you to tons of powerful and helpful info needed to fly your newbie into the public as fast as you desire at little or no cost to you. These materials are available offline; you can even
assess some of them online.
In them you can find a good number of advertising free-lancers who do
ridiculously low-cost campaigns. These guys do brilliant campaigns for small
clients with little money you can afford. They are more interested in doing a
successful ad for you to raise a name for themselves than the cash you have to
offer them. Listen to Pat’s experience, ‘’When my partner and I started out our
free-lance business we spent almost seven years doing nothing but what in most
cases were brilliant campaigns for small clients with little money’’.
2. DO SOMETHING NEWS WORTHY.
Media representatives, daily scout for events and happenings around town that
will make catchy headlines. For instance, identifying a CSR need in your community
you can address with your employees talents and skills, and addressing it.
There are no hard and fast rules as to newsworthy events you can do to attract
attention. You may as well give away whatever you’ve got practically free for the
period you can afford. That way you warm your way into the hearts of the public
and your target customers/clients. Free publicity is important and feasible for
you but to get it you’ve got to do something newsworthy.
3. EMPLOY CROSS-PROMOTION TECHNIQUES. One of the cheapest and easiest ways to promote
your newbie is to employ the cross-promotion strategy. It is a win-win concept
that helps you and another business owner get what you both want. Here is a
story that clearly illustrates how this technique works; there was a fitness
center run by three entrepreneurs. These men approached the owner of a Racquet
club in town and showed him a magazine article in which some fairly popular
tennis personalities can be seen using their fitness center’s equipment to
increase their stamina, the power of their serve and so forth. They told the
owner of the tennis club his members would greatly benefit from using their
equipment, and suggested he offer them an exclusive, half-price introductory membership
at their center, with his compliments. The first thing he asked them was ‘how
much is this going to cost me?’ he was told it won’t cost him a cent; and they
will even take care of the printing and mailing the offer to his one thousand
members. The whole thing cost the guys a
little over forty dollars and they ended up with six new memberships worth
$1,800. Cross-promotion technique entails identifying how your business can
partner with another firm in a related business in a way that will benefit and
promote both businesses. You’ve got to be smart enough to look out for a
business that is doing well in its line of business or that possesses what you
need to promote yours, and then leverage on it.
4. ADD PUBLIC RELATIONS PROFESSIONAL TO YOUR BOARD OF DIRECTORS.
Getting seasoned public relations professional to serve on the board of your business
will prove a worthy strategy in enjoying some free public relations help. You
may have to sell them some inexpensive founders’ stock, but you’ll get good
public relations and general business advice in return, and probably gain
access to some wonderful new contacts.
5. ATTEND SEMINARS BY PUBLIC-RELATIONS PROFESSIONALS.
Showing up at speeches and seminars organized by PR professionals is another
way to get your business some good advertising and publicity. You can either
talk to them about your business right there in the spirit of the seminar or
pay a visit to their office. If you let
them know you’ll like to work with them you’ll usually get quite a bit of
useful information in an hour or so and it doesn’t cost anything. Some PR
people will even allow you to hire them for a few hours or half a day of
consulting, and if you don’t ask them for a written report, the cost can be
fairly modest.
6. JUICE UP YOUR SALES PEOPLE. The sales team
responsible for getting your product/services into the hands of customers holds
a crucial place in ensuring you get good advertising and publicity. Motivate them
with a juicy and irresistible offer of reward to make them go all out. There
was an author of a book, who wanted to make sure his book didn’t get lost among
all the other titles his publisher was hawking, what he did was to give each
member of the sales team one two dollar share of stock in a new hotel chain,
accompanied by a personal letter extolling the virtues of his book. PR experts
believe that young companies can do a great deal to position themselves in the
marketplace, and decide what to say about their business and to whom, without
spending a fortune on public relations. So, if you’re just starting out in
business with scanty resources, you’ve got to use every imaginative strategy
you can think of to rise above the pack and get noticed.