Special Events and Promotions - 14 Ways to Cut Costs

Promotions and special events are the salt andnewspapers have to fill up those pages every day!
pepper in your marketing plan. They spice things upThey are frequently delighted if you send them a
and keep your store fun and exciting.great story. Your event does need to be
Promotions are a great way to keep your regularnewsworthy, however.
customers interested in your merchandise and give6. Stuff every bag with a schedule of events for the
them more reasons to shop with you. Promotionsentire season. Hey, they're already getting the bag.
can also be a great way of attracting newMake it work for you in multiple ways.
customers. It's just one more way to keep your7. Put signs about the event in your store well ahead
marketing message in front of your customers andof the event date. This one is a no-brainer, but lots
prospects.of people don't do it. At the very least, put a small
But doing promotions on a limited budget can besign at the cash register.
challenging. You'll need to plan to spend some money8. Take advantage of today's super easy desktop
to get the word out about your event, to purchasepublishing to design your own signs, flyers, postcards,
any necessary supplies, materials, or prizes, and toor event calendars instead of using a graphic
pay for any extra payroll hours needed for thedesigner. Any time or money you invest in acquiring
event.and learning a simple design program will be well
However, you don't have to spend a lot ofworth it. For big, important marketing pieces you may
money--use imagination and hard work instead ofneed a graphic designer, but for simple pieces you
cash! If you are prepared to put in a little oldcan do it yourself quickly, easily, cheaply.
fashioned elbow grease, you can dream up some9. Put your information about your upcoming event
really great promotions that don't cost a fortune.on your register receipt. Many cash registers and
Here are fourteen tips for keeping your costs downcomputer POS systems will allow you to put a short
and your sales up:message on the receipt. You'd be amazed how many
people read them!
1. Ask your vendors and sales reps to donate prizes,10. Write an article about the promotion for the
food, help, or anything else you need. They aremonthly newsletter that's already going to your
usually delighted to help in some way. Don't forget tomailing list. They are already your customers and the
invite them to attend the event if you are planningnewsletter is already going out...don't forget to plug
to highlight their product. They are often expertyour promotion.
salespeople!11. Create a window display highlighting your special
2. Use co-op advertising money to help cover theevent. An interesting visual display will not only
cost of a mailing. Getting the word out about youreducate your walk-by traffic about your upcoming
promotion can be a costly expense. If you areevent, it frequently generates enough curiosity to
planning to use traditional advertising like newspaperget people in the door NOW!
or radio, check out how much your manufacturers12. Send personal invitations to targeted VIP's. Make
will contribute to promote their products.absolutely sure your very best customers know
3. Barter with other merchants in town to get prizes,about, and will attend, your event. A personal
services, customer mailing lists, etc. We loveinvitation is a powerful draw.
bartering. If you barter your goods for others goods13. Ask your customers to tell a friend about the
or services, you've essentially received a 50%upcoming event. Give them a no-cost gift if they
discount (if you sell your products at a 50% margin).bring a friend to the event. An easy referral
4. Keep your merchandise at full price. There are lotstechnique that could bring you tons of potential new
of great promotions that get their impact from funcustomers! Make sure you get the names of all the
and added value rather than cash savings. You don't"friends", even if they don't buy.
have to sell your stuff on sale to have a great14. Mention the event on your answering machine
promotion. Co-sponsor the event with localmessage. Your answering machine should be your
media--newspaper, cable TV, or radio. They promotemarketing machine. It's a quick, easy, and totally free
your event in exchange for high profile exposure toway to let people know about your upcoming
your customers. A win-win situation!events. There are lots of ways to have fun on a
5. Send out press releases to get free publicity ifbudget. Get creative! Use your noodle!
your event is newsworthy. Don't forget, the