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5 Cost-Effective Marketing Solutions for Small Businesses

Uncover five affordable marketing solutions for small businesses. Learn how to effectively promote your brand while staying within your budget.

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Report Hightlights

35%

of participants feel the bill delivery method impacts how quickly they pay.

54%

of participants feel the bill delivery method impacts how quickly they pay.

14%

of participants feel the bill delivery method impacts how quickly they pay.

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Strategies that work with your budget.

When the terms “marketing” and “marketing budget” pop up, you might instantly think of giant corporations with unlimited resources. However, any organization that wants to increase sales and boost business growth should invest in marketing — but what if you’re on a tight budget?

Promoting your products or services is essential for any small business. You can still implement a marketing strategy that gets your brand out there without breaking the bank. Below, you’ll discover low-cost digital marketing solutions for small businesses.

Why Is Marketing Important for Your Business?

As a small business owner with limited resources, it may be tempting to place marketing down low on your list of spending priorities.

But you shouldn't. Marketing boosts brand awareness and enlarges your customer base. Whether it's introducing your business to people who are unfamiliar with your brand or persuading potential customers that your business offers something they need, marketing widens your reach and fuels sales.

Besides spreading awareness, marketing is an opportunity to set yourself apart from the competition. If you don’t take advantage of this opportunity, your rivals might, which can be their secret weapon for staying ahead of the game.

Now that you understand the importance of marketing, what affordable marketing tactics for small businesses can you use?

1. Leverage Social Media

Right now, social media has over five billion users — nearly 70% of the global population. Marketing through social media channels such as TikTok, Facebook, Instagram, and X can help you affordably reach a wider audience and get more customers. If you post social content organically, it may only cost you your time. With paid marketing efforts, you can set a budget for as low as $1 per day on platforms like Facebook.

2. Email Marketing

In email marketing, you keep a list of interested email subscribers. It isn't paid advertising, so you don’t have to pour money into big tech’s pockets to reach your target audience.

3. Content Marketing

Content marketing is about producing and sharing online content that addresses your audience’s problems. Content creation includes making things like blog and social media posts, videos, case studies, or podcast episodes.

Useful, optimized content attracts potential customers organically — no spending money on ads. This makes content marketing affordable for small businesses.

4. Collaborate with Other Small Businesses

Partner with other small business owners who share your values and target a similar audience. However, make sure the arrangement is mutually beneficial. The collaboration may include:

Access each other's customer base to boost reach without spending on paid ads
Combining marketing tools and expertise to minimize campaign costs
Hosting joint events like workshops and community fairs to increase brand awareness for each party

5. Use Google My Business

Want people to easily find your business when looking for your products or services? Creating a Google Business Profile account can be a great solution. It allows you to develop a free business profile with details about your business and answers to your brand’s frequently asked questions.

You can also share posts, updates, and offers directly on your profile at no cost.

Keep learning and Growing Your Brand

Marketing can be a growth catalyst. It can help promote your brand, acquire new customers, and boost sales. However, not all small businesses have enough resources to fund marketing and growth initiatives. One source of funds you can consider is a business loan from the U.S. Bank.

Our interest rates are competitive, and we offer reasonable repayment timelines. Learn more about our lending options and how we can help you grow your brand.

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Section Headline

Highlighting payment trends affecting government agencies and municipalities, our inaugural report presents data on the shifting payments landscape representing an opportunity for government agencies and municipalities to enhance the speed, security and customer satisfaction related to billing and payments.

The report highlights consumer preference for digital payment options and, due to COVID-19, this demand will continue to grow.

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Section Headline

The report highlights consumer preference for digital payment options and, due to COVID-19, this demand will continue to grow.

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Poynt Terminal

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