Google “free or low cost marketing” and you’ll find a zillion websites, books and coaches offering to teach you how to market your business without spending much money.
And while some of the techniques they preach can certainly be useful, I’ve found that rushing down the “free or low cost” approach can be a huge mistake for most businesses.
Don’t get me wrong. I’m not advocating that you splurge a ton of cash on marketing just hoping it’ll work for you. A lot of paid advertising is a huge waste of money for consultants and coaches. But “free or low cost” can be equally as damaging in a more insidious way. Here’s why…
Firstly, it encourages you to focus on the cost of your marketing, not the returns. This is a huge mistake. Get trapped in this “how much does it cost” mindset and you miss out on big opportunities for real growth.