Just like every other budding or established business owner, you need to make sure that each and every single dollar that makes its way into the marketing stream is spent well. Designing an effective marketing strategy has its associated rewards, primarily in terms of increased revenue, brand recognition and business expansion. The magnitude of the desired outcome, however, is not proportional to the budget dedicated for the marketing. At times, more can be achieved with less - thinking creatively makes the core difference. Presented below is a roundup of effective and pocket-friendly ways to bring unmatched value to your venture.
1. Throw an opening party:
No marketing technique covers more ground than hosting a launch party or a grand opening for your venture. The particular exercise works like magic when you are all set to debut into a competitive marketplace or a specific geographical territory. The approach also creates the ever-needed buzz around your business that leads to a promising consumer-base buildup.
2. Be verbal - speak about your niche:
Speaking persuasively about your business (and the associated niche) allows you to capture a pool of audience to whom you can convey your message across. Speaking sessions have the inherent advantage of finding people interested in your product or service, thus securing a hefty percentage of prospective clients for your business.
3. Launch a blog and a website:
Launching and managing a blog or a website just might be the essential marketing ingredient your business is missing on. A blog that’s regularly updated can help you reach a wider audience effortlessly. Sharing relevant information with your client base significantly aids in establishing you as the core authority in your particular domain. Talk about something that business founders crave for sure.
4. Ensure pronounced social media presence:
The advent of social media has proven to be a real game changer for the marketing world. Your business needs to be present at Facebook, Google+, Twitter, LinkedIn, Pinterest, YouTube and other social media portals. Posting regular updates to the relevant social media streams leads to a significant increase in visitor-to-customer conversion ratio, primarily due to the fact that information dispersed using social media streams makes its way to the audience in a flash.
5. Collaborate with like-minded people:
Reaching out to like-minded individuals belonging to your domain of expertise both online and in-person will result not only in your business being marketed but will also open new horizons for fresh opportunities to seep in. Being shared, liked, retweeted and +1’d is proven to amplify the influence and impact of your venture manifold.
6. Craft a monthly newsletter:
Dispatching a newsletter to your email subscribers every week and updating them with the latest news, offerings and promotions serves a dual purpose - developing the interest of consumer base in your products and strengthening your image as a definite authority on the niche.
7. Strive to create conversations:
Arrange giveaways, surprise customers with gifts and greeting cards, design shopping sprees; come up with anything that would spur a conversation. Once the conversations begin just wait for the new customers to show up.
8. Television
What can be better than advertising that you can both see and hear at the same time, if you create a visually pleasant add and get your message across clearly and quickly then you are sure you get some attention. With Television advertising it is important to market the right crowd, if you customers are full time workers then showing an add during the day is a waste of money as no one in your target audience will see it.
9. Radio
Radio advertising has significantly improved in recent years and is reaching more people all the time, an effective jingle or offer will be listened to and remembered but again you need a short clear message.
10. Print
Print media although fazing out due to the Internet is still a good source of advertisement, they is an older generation that just hasn’t taken on the internet and some people that just prefer the feel of paper on their hands. To make sure your add stands above the rest it is important that you have a good digital artist to create something that says “WOW” look at me.
11. Signage
Dont forget that a shop sign or pretty shop front may be the first time a customer notices your business so make sure it can be seen and noticed.