No Money Marketing

. Do partnered giveaways.

Team up with other brands to generate large contests with grand prizes instead of organizing small, standalone giveaways. All of the involved businesses should pool distribution support and marketing manpower, as well as share email lists and social media followings. One example to take inspiration from is Oklahoma’s News on 6, a TV station that has partnered with different local businesses in Oklahoma to promote giveaways.

2. Foster user-generated content.

Get users to build content and broadcast your company. BuzzFeed utilizes this method by encouraging community posts. HerCampus.com is largely community-driven, with the majority of its site content created by university women. Another tactic is to create a contest for the best user-generated content. For instance, Doritos hosts a yearly Crash the Super Bowl contest with a cash prize to get fans to produce Super Bowl video commercials for the brand.

Related: Millennials Spend 18 Hours a Day Consuming Media — And It’s Mostly Content Created By Peers

  • Growth through innovation/creativity:
    Rather than be constrained by ideas for new products, services and new markets coming from just a few people, a Thinking Corporation can tap into the employees.
  • Increased profits:
    The corporation will experience an increase in profits due to savings in operating costs as well as sales from new products, services and ventures.
  • Higher business values:
    The link between profits and business value means that the moment a corporation creates a new sustainable level of profit, the business value is adjusted accordingly.
  • Lower staff turnover:
    This, combined with the culture that must exist for innovation and creativity to flourish, means that new employees will be attracted to the organization.

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