Make the Most of Your Small Business Advertising Dollars

Advertising can be expensive, and it can also be ineffective–as a small business owner, you want to be absolutely sure that you don’t combine those two and end up spending a lot on advertising only to see a minimal (or negative) return on investment. Luckily, the rise of the Internet has resulted in many low-cost advertising options that are perfect for small business owners.

What’s on the top of our list for the best return on investment? A professional business website. These days a website is indispensable for any small business; while potential customers once consulted the Yellow Pages to find you, the Internet is now their first–and often only–stop. Many small business owners attempt a do-it-yourself website without realizing that professionals specializing in small business design are an excellent return on investment. Think of it as the difference between a single-line listing in the phone book and a full-page, color ad. Which business is going to get noticed? The one whose website looks professional, is on the first page of search engine results, and provides useful content. Investing in a professional with expertise in small business design can help you achieve that, and will quickly pay for itself.

But don’t stop at a website–there are other ways to harness the advertising power of the Internet. Word of mouth has always been one of the most cost-effective forms of advertisement, and social networking sites are the new word of mouth. These sites are reaching more people than ever and are usually free to join. Maintaining a business profile on Facebook, Twitter, LinkedIn, and other sites is an inexpensive way to build an Internet presence and keep your customers up-to-date. You can even create your own television-style ads and post them on Youtube for free. Feature them on your website and your Facebook page and you might be the next viral video phenomenon! In addition to creating your own profile, connect with other people and businesses whose followers are likely to be interested in your product or services. Become visible to their followers by commenting on their profiles or blogs and leaving a link to your website.

Placing ads on the Internet can also be a good investment if you choose their location and style carefully. Choose which websites to advertise on by keeping your target audience in mind–just like with physical signage, you want to place your ads in locations that potential customers frequent. Finding the most effective placement is easy with sites like BuySellAds.com, which will help you find a target website or blog for your ads or offer advertising space on your own website. The best way to maximize your advertising dollars using Internet advertising is to start small and take advantage of the statistics available to you. There are a variety of tools available that will help you determine where your website traffic is coming from, which customers are buying what, and which ads are most effective. A lot of these tools are free, but staying on top of your Internet advertising statistics does require an investment of your time. However, it’s one that’s well worth it–you can learn what advertising methods work for you before you invest significant money.

Finally, advertising to your current customers is always a good idea. Connect with them via social networking sites, send them a monthly newsletter updating them about your business, and keep your website updated with fresh content, deals and information of interest to them. If you haven’t already, start building an email list for email marketing. Your customers are already interested in you and your business, so you know that you’re reaching a receptive audience. Cultivating their interest will encourage them to be repeat customers and make them more likely to recommend you to their friends.

Small Business Design Resources