Is your SMB on a Small Budget? Check out these Affordable Marketing Strategies

Anyone who recently launched a startup or a small business may not have enough funds for proper advertising and marketing campaigns, unlike other market competitors. There are however many simple and effective marketing techniques and options that can be carried out with a modest budget and help in promoting the business.

Effective marketing strategies that can be run on a budget

1.  Curate remarkable content.

Content marketing is an effective and affordable marketing technique for any business. Expansion of the customer base can be done by creating and distributing relevant and valuable content to the company’s target audience through various available channels.

This is the best way to pull traffic to the website and attract potential clients. Monitoring of the brands content should be done on a regular basis through tools like google analysis. One should also create content based on reviews that arose from previous content in a bid to create better content that generates more views and shares. The business owner should also learn to analyze the performance of past content to and understand the likes and dislikes of the target audience. The best way is to create different types of content for different social media pages and use it to promote the business. Mint, a small business that grew by more than 2 million customers in a span of under 3 years used content marketing to get there. They customized infographics to speak to their target clients then went ahead and used social media to distribute it. Another appliance store based in Boston used effective content marketing and managed to grow the business by 40 percent. They created blog posts with the sole intention of influencing their customers buying decisions by providing relevant information.

2.  Create informational videos.

Another great marketing technique is by providing informative videos that explain the use of a product or service. Such videos can be posted on social media sites to help market the brand and its products and services. YouTube pages can also be created for the sole purpose of getting information across through videos. These short videos are really helpful especially for newbie investors and binary options traders.

The dollar shave club posted a video on YouTube and spent $4,500 on it. They ended up getting more than 10 million views, 76,000 Facebook fans and 23,000 twitter followers. From this, they managed to get more than 12,000 new customers and managed to raise $10.8 million in financing in a span of two days.

3.  Participate in social media groups and online forums.

Social media is the best way without a doubt to connect with a wide audience. Sites like Facebook, Twitter, YouTube and others allow companies to go forth and market their brands through varying inbound techniques. Pages like LinkedIn and Reddit allow companies to reach already interested users through topic related content. Company insights and techniques can be shared through these methods. This type of social media interaction helps improve the brand’s reputation and increase its credibility. Engaging with other social media users allows building networks and forging relationships.

MVMT watches used twitter to share product deals during the festive season. This helped the company to increase traffic to their website by almost 189 percent while Black Friday sales increased traffic by 353 percent.

4.  Produce compelling emails.

Email marketing campaigns are also a sure way of promoting small businesses. The campaigns should ideally focus on educating subscribers on what the company has to offer. If done right, these campaigns can help build a strong referral base and nature strong relationships with clients. This type of marketing is incredibly cost effective and they are also a sure guarantee that information will meet customers better, as they are delivered directly to their inboxes. Danny’s Meat and Catering used email marketing to advertise their “free steaks on your birthday” and managed to increase sales by 15 percent in a span of 6 months.

These types of marketing campaigns can help small businesses compete with big budget companies and stand out amongst competitors. There are many simple and effective marketing techniques that would be ideal in promoting small businesses and building their brand.

Featured Image: DepositPhotos/ ImFine

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