How to promote your business on a tight budget. Get tips and insights into the marketing techniques and strategies you can take to grow you brand.
Starting out as a small business can seem like an overwhelming task especially being up against big players with hefty marketing budgets. But hey, everybody’s got to start somewhere, right?
Likewise, you can also check out this article by Hobpost, which has a comprehensive guide on the the list of digital marketing tools for every small business.
In this blog, we will go through several low budget marketing strategies, for any startup or SME, that will help your brand climb the corporate ladder and expand to the masses.
As a small business, paid google ad campaigns (SEM) are a great start to your marketing plan. The good thing about Google ads is that it is extremely flexible where Google enables you to control your daily budget, pause and resume your campaign whenever you feel like it.
Google recommends starting your daily budget small at US$10 to US$50 per campaign.
Google Ads Tips:
Monitor your campaign data – CTR, conversions, impressions and conversion rate every day and pause any ads that do not seem to be providing sufficient results.
Additional Resource: Here’s a list of the best keyword research tools that you can use to research on your PPC keywords.
Another side of digital marketing is your search engine optimization (SEO). SEO marketing is the process of optimising your website so as to increase organic traffic. The more relevant and usable your site is, the higher your search engine rank becomes and the more your site is seen.
Some basic must-dos to boost your SEO rank include:
Social Media Traffic – growing your social media following increases the traffic from social platforms and boosts your SEO rank.
Sponsoring specific events is an excellent way for you to get your brand out. Working within a small budget means you have to start small. This means small scale events such as school camps, charity events or local competitions – depending on your target audience.
Even if it was just offering a 20% voucher to a few hundred participants or providing several free portions of your food products, event sponsorship is the fastest way to get your brand name out to crowds of people.
Paying $1000 for a booth at a startup convention may seem like a risky investment. However, this is almost always a worthy investment so long as you go with a goal in mind and a steadfast attitude to succeed. Start up events not only help you find new investors and collaborators but also give you the rare opportunity to get a broad overview of the uprising small business scene. Take this opportunity to collect as many business cards as possible and ensure you follow up with every single one. Here’s a list of scheduling tools that you can make use of to arrange meetings.
And when you are attending event, do be sure to bring along your business cards too! Print Peppermint is a great place where you can get all your business cards printed and delivered to you.
Managing your social media platforms frequently and doing it well is extremely important for small businesses. In fact, according to a study, 96% of small businesses use social media.
If you have a larger marketing budget, you can consider using paid ads on social media through Instagram, Facebook, LinkedIn, or even Pinterest.
Here are some of the best tips to use social media for small to medium businesses.
Social Media Tips for SMEs:
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Building up a loyal customer base requires genuine interaction with your followers. Feedback should be collected from new time users, loyal customers and churned customers in order to determine a customer’s thought process at all stages. It is important for customers to feel like their feedback is of value. Therefore, analyse EVERY suggestion you receive and provide an updated response no matter how small the suggestion is.
Creating a referral rewards system is a cheap and effective way to get your loyal customers to market your brand for you. Your customers have unique insights into who in their social circle will benefit from your product or service.
A referral program allows your customers to become your brand ambassadors, effectively advertising your brand to their friends and family. In fact, studies have shown that 77% of consumers are more likely to buy a new product when learning about it from friends or family.
Take a look at some good examples below: