Sunday, 1 May 2016

Marketing Tactics for Small Businesses on a Budget

Marketing a small business doesn’t have to make you bankrupt. The digital marketing era offers tons of opportunities for creative minds to effectively market their businesses with low costs. Many small business owners may think that to successfully market their products and services they have to turn to professional agencies and spend a huge budget. To eliminate this belief, we’ve put together a list of 7 hands-on, low-budget marketing ideas that will help you promote your business.

Here are our Marketing tactics for your small business

Referral program

A referral program helps you to mobilize your existing user base to help you find new customers. It is a fantastic way to motivate people to become advertisers of your products or services. A referral program is a general concept that comprises partner programs, customer referral programs, and affiliate programs.

Email Marketing

Emails are an easy and inexpensive way to promote your products and services directly to your potential or current customers. It has been proven over and over again that email marketing is definitely not dead and is actually the golden goose of most marketing departments. Setting up an email campaign is also not very difficult from the technical point of view and small businesses can easily launch and manage their email marketing campaigns through web applications like MailChimp.

Participate in speaking engagements

Speaking engagements enable you to promote your products or services to potential clients. Whether it is a speaking opportunity at a local high school class or a town hall meeting, always say “yes” and accept invitations as a speaker. These opportunities not only help you to hone your public speaking and PR skills but also give you ample opportunity to educate potential customers about your products and services.

Content Marketing

Content marketing is the art of creating and distributing relevant and valuable content that helps you to drive meaningful and related traffic to your website and in turn increases you customer acquisition. Content marketing encompasses the creation and distribution of all sorts of content pieces aimed at different audiences on a variety of channels. These pieces include e-books, webinars, case studies, white papers, blog posts, podcasts and more.

Search Engine Optimization

You may have already heard about search engine optimization (SEO) and may have tried it yourself, but for those of us who are totally new, it is a process that effectively increases a website’s visibility on organic (not paid) search engine result pages. SEO works hand in hand with content marketing and will help you to establish a reputation as an authoritative voice in a particular niche. This, in turn, will increase your new customer acquisition through organic search results and will help you to better market your small business. These days it’s really best to focus on creating the best online experience possible for your target market and to have content on your site that essentially helps your prospects through the sales funnel (from prospect > to lead > to purchase > then retention). You will also need to build your authority in your market as well by effectively producing valuable content that other authority players in your market deem helpful, unique and shareable.