Most companies, from business start-ups to established brands, recognize the importance of marketing. However, some may stray away from marketing tactics because they view them as costly. In reality, many cost-effective marketing strategies require little investment. Here are six of them:
Blogging is among the simplest yet most effective ways you can market. Google’s ranking mechanisms highly rate blogs that are frequently updated with relevant, quality content. According to HubSpot, there is a positive correlation between blogging frequency and visitor traffic. If you can manage I6 or more blog posts a month, you will get you 3.5 times more traffic as compared to blogs that publish 0-4 times in a month. Blogging is inexpensive because you can have your own staff create the content, and hire freelancers if you need extra help.
2. Mailing lists
Mailing lists are also an effective and inexpensive way to generate leads. Email lists can be used to remarket to customers you have already interacted with, as well as market to new contacts. Target your audience effectively by mailing content that offers solutions to the problems they may be facing. Remember to regularly update your contact lists.
3. Online marketing sites
Today, online platforms such as social media and websites are a crucial part of marketing. Depending on your business, different sites can be more effective than others. A site like Yelp allows you to create a profile for visibility and reviews, while TripAdvisor does the same for hotels, restaurants, etc. Mogul is a marketing site specifically designed for female business owners. A safe marketing strategy is to start by using less expensive websites, and then expand to others once you learn the ropes.
4. Calls to action
Once you know what kind of content your target audience is looking for, use calls to action to generate leads and position your company as the solution to their problems . Your CTAs should act like guides for interested parties who are ready to establish a buying relationship. Create CTAs through HubSpot and use action words like “contact us”, “subscribe”, and “download” to get potential clients to click on your CTAs.
5. Press releases
It may take time to obtain the right press contacts, but once you do, press releases can be powerful marketing tools. Press releases are a cheap and reliable way to update your target audience on your successes with clients, and can be written by staff members or clients. Press releases can also be used to announce awards/accolades you have received, launch new products, announce company changes, launch promotions, etc. Overall, press releases will improve your image in the eyes of potential clients.
By 2021, video will be 82% of total IP internet traffic. Video production can be outsourced to qualified creators with high quality equipment, or you can develop them in-house at a lower cost. Video marketing is well worth the price because videos will increase your brand’s visibility, help you retain existing customers, and engage your target market while driving lead generation.
With these cost-effective marketing strategies, you can attract and convert your target audience without breaking the bank. Employing these tactics should increase your revenue in the long run, so the sooner you get started, the better. We wish you the best of luck!