Useful Marketing Tips for Startups

Published on: 29 November 2018 Last Updated on: 14 December 2021
Startups

Startups need to use different marketing methods compared to established businesses. The reason for this is simple – startups have a very limited budget and less experience compared to established companies. It is crucial to be aware that, if your marketing is done right, it can have an incredibly positive impact on the success of your business, and its net income. However, if you do it wrong, it may feel as if you are throwing money away. If you want to be successful and profitable, you need to use the right methods of advertising. Don’t copy established businesses as you are surely not able to do all the things that they do. Instead, you should try certain marketing methods that are perfect for small companies with limited budget and experience. These methods will help you increase sales, profits, and avoid wasting money.

Different Marketing Tips Startups Must Consider At Their End   

There are multiple marketing tips startups can consider as their end while developing their business in the right direction.

Try to Think Outside the Box:

You need to keep in mind that the business field is changing rapidly. The marketing landscape has changed dramatically over the years, especially compared to the time before the internet. If they want to be successful, startups need to combine traditional marketing methods with online advertising. When advertising products and services that you offer, you need to be original and think outside the box. It is crucial to come up with unique and innovative solutions that will be both effective and creative. Whatever you do, you should make sure that it is original, instead of just trying to copy what was already done numerous times before.

Provide Useful Information about Your Products:

Of course, your products are amazing in your eyes. However, it doesn’t mean that everyone else is delighted by them, and is just waiting to hear about them. You need to be aware that people are not rushing to buy the products that you offer, and if you want to change this, you need to advertise them properly. You shouldn’t push anyone to try them. Instead, it is a wise idea to provide information and tips that people will find useful. If you want to be successful, you should use visuals including images and videos. People will look forward to trying your products if they consider them interesting and useful.

Use Powerful Business Signage:

Another thing that can improve your success and increase sales and profits is exciting and quality business signage. Many people pay attention to signs and are more likely to buy products that a particular company offers if they notice interesting signs in front of it. You need to keep in mind that many people pass by your business on a regular basis, and all of them are potential customers. However, a significant percentage of these people won’t be aware of your existence if you don’t attract their attention with custom business signs. You should use eye-catching signage if you want to increase your customer base and turn them into loyal clients. Something like this will have a huge positive impact on the success of your startup.

Read Also:

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

Irrigation Business

How to Start an Irrigation Business?

Recent economic issues and the unwarranted spread of COVID-19 have demonstrated how fragile the economy is. Of course, the fragility of the economy directly affects your job security and future prospects. It can be disturbing and worrying when you realize that the job you love may not be there tomorrow. That’s why many Australians are looking at new prospects and opportunities. Unsurprisingly, the vast majority of these are based on self-employment or creating your own financial opportunities. That’s why you may be considering setting up your own irrigation business. There is certainly a demand for it. Every year the temperature heats up and people need water, it doesn’t matter if it’s large scale farmer, public spaces, or private individuals with large gardens/small fields. You’ve got the right plan, now you just need to start your business. Financial Planning This is potentially the most important part of the process. You need to look at what your costs are, who your customers are likely to be, and what sort of income you can expect to make. In this sort of business, the costs are relatively controlled. You’ll need to invest in good traveling irrigators. This will allow you to move between places and distribute the water for your customers. Of course, you’ll need to allow for insurance costs, fuel costs, and consider where your water is coming from. But, you’ll also need to consider the number of customers you’ll be able to help yourself. It’s likely that you’ll want additional equipment and manpower to service several customers at the same time. The issue then becomes whether you have enough space to store all the equipment or whether you need to hire premises. This will drastically increase your costs. It’s important to take your time when creating a budget, you need to think of everything and then add a little extra for unforeseen emergencies. Once you’ve established the costs of getting started and running the business for a year, you can use that figure as the number of funds you need to get started. Then, you’ll have to start speaking to finance companies to raise the capital you need. Advertising The moment you commit to the business idea you need to start attracting customers. There are various ways of doing this from going door-to-door, to posting information on the internet. You will want your own website and you will need to reach out via social media. But, your customer base is certain t be local. It’s worth taking the time to get to know some of the people in your area. You can give them the personal service that larger companies struggle with. Test Run Once you’ve got your finance sorted, customers becoming interested, and your equipment has turned up, you need to do a test run. This ensures you know what you are doing with the equipment and get the job done efficiently and effectively. That is essential if you want repeat business and referrals. This isn’t the cheapest business to start, but profits can be significant, it just takes a little hard work. Read Also: Have You Been Laid Off Because Of Coronavirus? Here Are 5 Income Earning Opportunities For You Optimize Your Small Business Revenue by Taking These Steps

READ MOREDetails
Image

Businessman Seyfeddin Rustamov is main beneficial owner of chemical company ‘Metafrax’

The Russian newspaper ‘Kommersant’ recently announced that the 55-year-old businessman Seyfedding Rustamov is the main beneficial owner of Metafrax, one of the largest chemical companies in Russia and Europe. Rustamov, born in Azerbaijan, is now a resident of the US, together with his wife and three children. Since the year 2000, he has been actively involved in the chemical industry. He is the manager of the Russian company MetaHolding, which holds this year 94% of Metafrax’ assets. This makes Rustamov the main shareholder of Metafrax. Metafrax is with multiple companies in both Russia and Europe the largest producer of methanol, formaldehyde and synthetic resins in Russia and Europe. The headquarters of the company are in Gubahka, Perm Region Russia. Seyfeddin Rustamov already became the beneficiary of the chemical plant at the headquarters in Gubahka in 2014. This was made public during a presentation on a large-scale project at Metafrax, which has an estimated cost of around 800 million euros. This large-scale project is the development of an ammonia, urea and melamine plant construction. Right now, the company is still in discussion with banks about the financing of this project. Metafrax has an annual revenue of over 660 million USD (5 billion rubles). Every year, the company receives around 80 million USD from investments. The products of the chemical company are shipped to as much as 50 countries worldwide. The company used to keep its beneficiaries secret from the public. The main shareholders would be represented by the chairman of the board of directors, Armen Garslyan. The company has now presented information on its main beneficial owner to the public, because of changes in legislation. Changing requirements of Russian and international compliance laws now made it necessary for the company to reveal this information. A domain with the name of Seyfeddin Rustamov was registered on ‘Go Daddy’, one of the biggest registrar of domain names, on the 18th of September, 2017. Before MetaHolding became the biggest shareholder of Metafrax, the Cypriot company ‘Lipanet Ltd’ was the main major shareholder of the company. Other shareholders were ‘JSC Sibur’ and the Panama-registered ‘Mirvac’. Armen Garslyan told the Kommersant that Seyfeddin Rustamov, as the main beneficial owner of Metafrax, is involved in the global decision-making process of the company. He called Rustamov a ‘vigorous leader, who knows what we are doing, what our targets are and who accompanies us on our way towards them’. Rustamov is besides chemistry, also taking part in philanthropic activities. He and his family support a number of non-profit foundations in the areas of health preservation, cancer control, and transplantology. The foundations Mr. Rustamov and his wife are involved in including the St. Baldrick’s Foundation, the Inova Health System Foundation and the Susan G Komen Breast Cancer Foundation. Besides charities that have to do with health, they also contribute to charity sports events, the National Museum of Women in the Arts and the John F. Kennedy Center for the Performing Arts in Washington. More details here.

READ MOREDetails
Talent Acquisition

Talent Acquisition in 2019: Things to Keep in Mind

An organization is only as good as its talent. No wonder, then, that talent acquisition lies at the heart of a business’ success. As hiring trends evolve with time, the process of acquiring top talent shifts too. Perhaps the most prominent shift in recent years has been a growing and continuous engagement with candidates. Today, companies don’t pick talent, but talent picks them. To keep up with the times, here are six things to keep in mind when picking talent in 2019. A candidate-first approach: According to Morgan Stanley Research, millennials make up 46% of India’s workforce. Increasingly, they expect a smooth, engaging, and uniform hiring experience. It’s thus important that recruiters communicate in a way that conveys honesty and openness. Engagement practices like keeping candidates informed of their application status, giving them a mini office tour etc. can go a long way in attracting top talent. Social recruiting: Millennials don’t read the classifieds for jobs anymore. They go to online job portals and more importantly, social media platforms. Most seekers aren’t even actively looking for a job until they come across a promising advertisement. So, don’t limit openings to Indeed or LinkedIn. Spread the word on popular social networks like Facebook and Twitter. Internal mobility: It is only wise to look among employees for talent. Most employers end up wasting precious resources on hiring when a talented pool of employees is already at their disposal. What’s more, they are capable, trustworthy and just might be looking for new job roles. Inclusive hiring: Often, employers miss out on the best talent because of rigid hiring parameters. It is a fact that not every talented candidate has a college degree. Big companies like Apple and Google have already started to make their selection process more inclusive by getting rid of academic excellence or degree criteria. The power of AI: ATS software eases the hiring process, identifying the best-suited candidates for a job role. But it has its shortcomings. For example, ATS does not match old applicants with new positions that they are suitable for. Integrating AI with ATS solves the problem. AI tools like chatbots remove the need for personal interaction with every suitable candidate. Moreover, AI can stack-rank candidates and give the employer a list of the top candidates. Partnering with the right consultancy: Manpower recruitment consultants are in direct touch with candidates as well as employers. This makes them privy to the requirements of both sides, helping organizations get access to suitable talent. Investing in a manpower consultancy means saving additional costs and labour that usually go into hiring candidates. Refining the recruitment process and enhancing candidate experience decides the kind of reviews a company gets. This can go a long way in affecting your image and brand as an employer. Ultimately, it’s important that recruiters embrace the latest trends in talent acquisition to hire the best candidates and expand their business. Read Also: How To Attract The Best Talents For Your Startup Genius Job Interview Tips That Will Guarantee Success

READ MOREDetails