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Use of promotional posters in the city, good marketing strategy?

Hanging posters around town promoting your services and your business is a strategy that many small businesses still use today, but is this still effective? or is it a waste of time and resources? I think that in small towns this is quite effective.
 
Yes, it is effective. Recently, we did a poster campaign for our school and we managed to get a lot of new students for our January intake. The most important thing is your posters should appear in the right place
 
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