Product Advertising – Bringing a new product or service is a lot of work, which unfortunately does not end when it is finished – its launch and promotion is another side. You may have the best new product or service to offer, but if you don’t promote it properly, you could be losing opportunities and even losing money online. With so many businesses changing their products and services due to Covid-19 and not being able to afford the potential losses, we thought it would be appropriate to give you some guidance on this topic.
In this guide, we give steps and examples of 12 effective ways to promote a new service or product. They contain:
Product Advertising
When it comes to introducing a new product or service to your business, the options can seem endless. It can be difficult to know where to start and which promotional methods will give you the best results. The truth is, there are many inexpensive ways to promote your business, and what works can depend on your industry, your offering, and your audience. Check out the 12 methods below and see which ones make the most sense for your business.
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Your loyal customers are a key part of promoting your product because they often not only buy it, but also promote it to their networks. This could be a private, in-person or virtual pre-launch party, web tour, preview or demonstration. Or it could be a special invitation to check it out and comment. These special offers are not only a great customer retention strategy, they also reinforce how much you value them – and engagement and loyalty are essential to any successful growth marketing strategy.
Instead of announcing your new product or service, you can offer it as part of a special introductory agreement. This agreement may take many forms, including:
Whatever your promotion is, emphasize that it won’t last forever. Customers who are limited by time or the purchasing power of inventory feel a greater need to buy.
As long as you have a Google My Business account, there are many ways to promote your new product or service using your Google Business Profile. The first is through Google My Business messages.
Ways To Effectively Promote A New Product Or Service
In your GMB dashboard, go to the Messages tab. Then you can create a “Sale” or “New” post.
If you are announcing a new product or service, you might want to write a “New” post. Remember that Google My Business posts expire every seven days, so you’ll need to repost. On the other hand, if you’re doing a special offer, a “discount” message is better because you can customize the schedule. Whatever post you use, be sure to include an image and a call to action to effectively promote your company’s marketing.
You can also promote your new product/service by uploading it to your business profile via the Images tab in your GMB dashboard and also by adding it as a new item via the Products/Services tab.
If possible, you can submit frequently asked questions about a new product or service to the Q&A section of your Google My Business account.
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Social media contests are a fun and easy way to connect with customers and bring more fans/followers and potential customers to your business. Facebook contests drive an average of 34% of new customers per campaign, which is a great way to combat low organic reach on the platform.
In terms of placement, the Facebook or Instagram prize winner(s) should be among the first to get their hands on your new giveaway and receive it for free or at a discounted price.
Remember to promote content across all your marketing channels, not just the social platform you use to run your main campaign. This includes your other social media channels, website, email newsletters and paid advertising.
Not only does engaging your social media accounts generate more excitement and buyers for your new product, it increases traffic to your website, gets your business in front of new customers, and creates a fun way to connect with your audience.
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Did you know that 82% of consumers open company emails and 76% of email subscribers make a purchase from an email marketing message? Email is a great channel to get information about your new product/service. Plus, it’s a great incentive to get subscriber signups.
You can launch an email campaign specifically about a new offer – perhaps a series of emails leading up to the release date. Or maybe you want to announce it as the focus of your next email newsletter. This email can be sent to your general audience or on behalf of Method 2, it can be an offer that only includes a subscriber or customer.
If you need more help announcing your new product using this proven marketing channel, go to our article: How to write promotional emails (with examples)
You may not have a landing page that customers or subscribers can go to when promoting your new product or service. After all, your new offer may just be an upgrade to an existing platform or account. In this case, your goal may not be to get more customers, but to engage existing customers or re-engage dormant customers.
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Writing a blog post about your newly launched product is a great way to go over all the details, features and benefits that you can include on your landing page, and you can share the blog post via email. or on social media.
Even if you have a landing page, a blog post is still a great way to get the word out about your new offering, and it gives you plenty of opportunities to link back to your landing page. More examples of blog posts promoting new products or services can be found in our previous posts:
Events not only get customers excited about your new product or service, but they can also get new prospects to meet you or other employees of your company in person. This is a great way to turn them into customers.
Events don’t have to be fancy and super organized; Something as simple as an open house or press conference works for salons, fitness centers, yoga studios, spas, and retail stores. If your business is located with other local businesses, you can work together to create a sidewalk. A sale or an open house afternoon to attract even more people.
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If your business is more service-based than product-based, such as a salon, spa, fitness center, or consulting, you can offer upgrades so customers can try your new service. Are you introducing a new type of facial treatment or massage at your spa? Offer a complementary (but temporary) upgrade to existing customers for trial. Are you expanding your agency’s PPC offering? Add a new service to existing customer packages at their prices. Another option is to offer free shipping on your new product for a limited time.
If your new product is an upgrade of an old product, consider a trade-in program. In-store promotions are effective because consumers are more likely to buy a new product using tokens or credits they already have (in this case, a product they’ve already purchased). You can also sell old commercial products (if they are in good enough condition) or use them for future gifts.
One of the best ways to promote a new product or service, and to market your business in general, is to let your customers promote it. If you use some of the ideas mentioned earlier (like offering an upgrade or a free trial), you can ask them to write an online review of the new service or provide material for testing.
Reviews and testimonials are useful when promoting a product to your wider audience. After all, 84% of users trust online reviews as personal recommendations.
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If you use any of the above methods to promote your new product or service, be sure to spread your offers through your social media accounts (as many of the companies in the examples above have done). This is an easy way to reach your audience and your followers can easily share your posts on their own profiles. Another advantage is that customers/viewers can ask questions about the product in the comments section. Their questions and answers can serve as organic FAQs. The post can link to the start page or a blog post with more information.
If you have a good audience or loyal followers, you can also use a custom hashtag in your promotional post. In addition to expanding the reach of your campaigns, this can also motivate customers to share.
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