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Free Advertising Using Free Offers And Get A Great ROI

When should you charge for your services?

Frankly… ALWAYS (almost)

adboard.JPG You are in business to make money. Tons of people write tons of articles about ROI (Return on Investment). But that doesn’t necessarily mean that you have to get Cash for every transaction, service or bit of advice you give.

On the contrary, you can often times get a very favorable ROI by performing a service or offering a product Free of Charge. The return usually comes later in the form of referrals, free advertising and return customers.

A couple of examples that I can cite are

Offering Free Services in the form of a prize as part of a community effort. By participating in the community in this manner, you can expose all your services (products) to more people that could have a need for what you offer and may lead to more sales. You also get Free Advertising in the form of promotional efforts as part of the overall project.

Offer Something for Free as a lead-in to your main product. This can be an advertisement in itself. Once a potential client has shown an interest in what you offer, they could be enticed to dig further into your product line or may need other services you offer in the future.

Offer Free Advice to existing customers by answering questions they may have. Not really as part of the customer service for something you have already performed, that should be automatic. I’m talking about fairly routine questions that they may have problems with that may not be related directly to the purchase, but something you can answer relatively easily without researching the answer.

So, are these ways of getting paid for your services or products? Indirectly, YES. If you can build your exposure, credibility and ensure return customers without paying directly for advertising the Return on Investment can be well worth the effort.

Can you think of any other ways to get “paid” indirectly for your service? Do you think this is a good way to increase business prospects?

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  • This entry was posted in Advertising, Management, Promotion. Bookmark the permalink. Both comments and trackbacks are currently closed.
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    6 Comments

    1. Posted March 26, 2008 at 9:45 am | Permalink

      Joe, I think doing free stuff is a tremendous way to get leads. Initially all businesses should give some sort of freebies to develop not only leads but a portfolio to use to show other potential clients.

    2. Posted March 26, 2008 at 10:25 am | Permalink

      Hey Adam,
      I have been a strong proponent of giving away free stuff for promotion, now I just have to learn WHEN to CHARGE. ;-)

    3. Posted March 26, 2008 at 10:29 am | Permalink

      Lizzie just yelled at me the other day for doing some free work for an “old friend”..he did tell me to send him a bill though…guess I should do that.

    4. Posted March 27, 2008 at 10:51 pm | Permalink

      Giving free samples of your services can also help you collect some customer feedback and then testimonials.

      Thanks for letting me know about this post! I’ve added this idea to the Small Biz 100 project and stay in touch.

    5. Posted March 28, 2008 at 7:57 am | Permalink

      Hey Becky,
      Very true, at least one of the testimonials on MCBS is from a freebee. I thought you might like the idea Free. ;-)

    6. F.Blogger
      Posted March 30, 2008 at 6:04 am | Permalink

      Free stuff will always get the attention


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