How to Deal With Debt By Doing Business Marketing Smartly?

Published on: 04 June 2018 Last Updated on: 03 September 2024

Small businesses and startups often find it much easier to borrow the lion’s share of their capital. Finding an investor is never completely off the table, but it is not an easy task to do. It is much easier to find lending organizations, who are ready to test out the abilities of the new entrepreneurs to multiply their monies.

Very soon, a time arises when the creditors expect at least a part of their invested money back. Now, this is a time most entrepreneurs know will come, but none are ready to face. It is almost always “too early” or “too sudden.”

Online marking, when you are already in massive debt?

Gaining momentum for a new business not only takes time and effort, but it also takes some serious marketing skills. By marketing, we do not mean TVCs, hoardings, and pamphlets. Those are ancient forms of advertising that no one even notices anymore. If you are in such a situation, what you need is a stable dose of online marketing that will make you visible to your target audience.

Here comes the biggest conundrum in the world. When a business is already nose-deep in debt, can it afford to plunge further in by going in for online marketing? That entirely depends on your perspective of online marketing. Your contenders and contemporaries may think online marketing to be an added expense, but you know what almost 71% of the US population is already online and looking for businesses like you. So, would you deem online marketing as an added expense or a smart investment?

You need a website first :

website

The first step of online marketing is getting your own presence established online. It means an excellent site. By nice, we mean something that’s functional, professional, SEO optimized, and capable of attracting and converting traffic. It should represent your selling theme, services, and products perfectly.

Building a website is no easy feat. You may have the enthusiasm to build a website from scratch, but not all entrepreneurs can have the coding skills and analytical skills needed to construct a working business website. Building a website from scratch can take up a lot of time, and it takes a lot of algorithms to perfect the buying and payment process. Either you can opt for DIY website builders like WordPress or Joomla, or you can surely approach a professional website builder.

A professional website builder will again cost you a few bucks. If you are thinking of building a PHP based website from scratch, it will also take considerable amounts of time. Now, this is not going to be cheap for your business. Therefore, it is not uncommon for entrepreneurs to wonder if going for online marketing is the best way to a debt solution.

The inspiration you need :

So, let us tell you a real-life success story. Initially a nobody, Rank Fishkin started out with his own tech startup and went plummeting into a $500,000 personal debt. From there he is now the owner of the world’s largest SEO, social media, and content marketing website Moz that is netting about $40 million in revenue for the last seven years. That is a success story better than any fairy tale you will ever hear. Was it easy? Did it involve magic spells? No! It required endless hours of smart digital marketing strategies and intelligent investment moves.

The moral of the story is: just because you are nose deep in debt, does not mean you can invest in something new. Digital marketing and social media marketing are the new ways to reintroduce your brand to a new world of potential buyers. People are waiting out there right now to hear from you about your products and services.

How to find them?

Finding the right people at the right time is the only “magic” you need to perform. You will need a few social media listening tools like HootSuite, Buffer, and Social Sprout. These offer a few free services. Their premium services cost less than a Grande. Of course, you will need to work on your social media account before you start listening to what people are saying about your brand online! So get started. Create a professional Facebook page, Twitter account, and at least an Instagram page. You need to post daily. Sometimes twice a day. Engage in regular conversations with your customers. Stay visible and exciting.

If you ever run out of original content, do not shy away from asking your followers for some. Do it tactfully. Introduce new photo contests, quizzes, and polls with attractive rewards. That is the way to create user-generated content. It is the most efficient way to keep your page and wall filled with meaningful content every minute of staying online.

Investing is not the problem, not spending in the right places is :

Online marketing is an investment in every way possible. It is like putting a bait to catch the bigger fish. Using the right keywords in your product descriptions, doctoring your URL to suit the liking of the bots, and including image tags to become visible during Google image searches are all parts of that investment. Still, you may want to consult your personal financial advisor before you take the plunge. You need to be in touch with your financial reality before you can make new investments. Your financial advisor or your debt counselor should help you in understanding the debt program’s details. Your current debt program may have reservations about making new investments or certain kinds of investments unless you pay off a certain fraction of the amount you have borrowed.

Most businesses end up in a fiscal dead-end due to ignorance and bad decision-making, rather than investing in new marketing. We have seen companies drown because they were not adventurous enough and they have always played safe. In 2017, online marketing is not a luxury or an option. It is a compulsion you need to embrace before your competitors take away all your potential clients. Making yourself more visible on the internet will get you more sales and profit. It will help you make more money and pay off your debts faster than usual.

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Top 10 Best Lifestyle Entrepreneur Of All Time In 2024 – Lifestyle Entrepreneur

Are you thinking of starting your own business and become an entrepreneur? Are you looking for inspiration? Do you wonder how famous lifestyle entrepreneur started their journey? Following their passion and making it your profession will never be outdated. When you love what you do, or you do what you love, it will offer you more opportunities to be successful. Here, we will talk about 10 names who think the same way you think of being the boss of your own. The list of the top 10 entrepreneurs of all time is here. And they are on this list. 10 Best Lifestyle Entrepreneurs Of All Time Here is a list of the 10 best lifestyle entrepreneurs of all-time in 2024. This list includes all the names that are more than enough to inspire you to start your journey. 1. Tim Ferriss Do you want to know the name behind lifestyle entrepreneurship? Tim Ferris is the person who has brought the concept of this into the mainstream. And the popularity of his book The Four-Hour Workweek has worked as the fuel to this journey. It is a must-read for those who also want to be lifestyle entrepreneurs. As the book is all about the concept of lifestyle entrepreneurship, it will be a perfect guide for you. After the book, he continues to write books, blogs, and runs a globally known podcast, and uses his diverse income for living a lifestyle or travel and freedom. 2. Michelle Schroeder-Gardner Michelle Schroeder is a personal finance blogger. By driving traffic to her blog from Pinterest, she became a successful lifestyle entrepreneur. Recently, focusing on SEO along with other traffic sources, she has diversified her traffic. With the growth of her business, Michelle also diversifies the ways of her blogs. 3. Johnny FD Apart from being a digital nomad, Johny FD is a great lifestyle entrepreneur. In order to make money, Johny only needs internet and a laptop. He loves taking advantage of this and travel around the world. Though Asis is on his priority living. Due to the lower cost of living in parts of Asia than the USA, he chooses to live here while earning in USD. This thing is common among many lifestyle entrepreneurs. This way, Johny FD saves a large portion of his income. 4. Jasmine Alley Jasmine Alley is an Instagram influencer. Through several brand collaborations, this Instagrammer managed to make a living as a travel influencer. Her primary current source of income is those Instagram brand collaborations. After leaving her job, Jasmine spent two years developing her travel brand. And now she gets to explore beautiful places along with complimentary stays in luxurious hotels. She actually used to make more money from her job than she is currently making. But she prioritized her independent, fun, full, and luxurious travel life. 5. Pat Flynn Pat Flynn started blogging much before it became cool. He was ahead of most people who did not have any idea that one could actually make money from blogging. Currently, he is running smartpassiveincome.com, which is an empire of content production. He started his business just to prioritize time with his family. These are some of the common motivations for most lifestyle entrepreneurs. From his blog, he makes more than millions on a yearly basis. 6. Melyssa Griffin As a graphic designer, Melyssa Griffin felt burned out while selling services. When she started selling products instead of selling services, she experienced huge success. She started selling online and started riding the stairs in popularity of online courses. This has brought massive success to her. Melyssa does not publish her income report anymore, but as per the report of December 2016, she has managed to make a profit of around $200,000 in that particular month alone. 7. Brian Dean The initial story of Brian Dean is pretty much similar to Melyssa Griffin's, and that is, he also started by selling services. But later on, he realized that in order to live the life he had been dreaming of, he needed to sell products. At present, he is running Backlinko, which is an SEO blog that is highly successful. He sells online courses as well, like Melyssa. If you want to know more about him, you can read the article on Forbes. 8. Shelby Church Being a west coast based vlogger and Youtuber, Shelby is another example of an aspiring lifestyle entrepreneur. She does not make millions only from her lifestyle business, unlike other entrepreneurs on this list. In her 2019 income recap Youtube video, she unveiled that her channel managed to earn revenue of $140,000. If we cut down the taxes and other expenses, it would be nearly $100,000 or less than that. Yes, it is a decent income but not near to the income of other lifestyle entrepreneurs. She has always been transparent about her income. 9. John Lee Dumas Have you heard of the podcast Entrepreneurs on Fire? Yes, the one where entrepreneurs are interviewed. John Lee Dumas is the person behind it. His advice is worth listening to. He always asks F.O.C.U.S, which means Focus on One Course Until Successful. On a regular monthly basis, he nets profits of six figures only from his podcasts. He is the perfect example of how it often takes years to earn a living from a lifestyle business. He, as a lifestyle entrepreneur, always believes in slow and steady wins in the race. 10. Lindsay Mostrom Pinchofyum.com is a food blog that is run by Lindsay and her husband. As per a report from early 2017, this lifestyle entrepreneur managed to make around $70,000 on a monthly basis. After that, their business has grown, so it is clear their income is more than what it is currently. It also took many years to reach this point. So, you see, as a lifestyle entrepreneur, you get a wide array to try. 11. Jen Gottlieb She is a former Broadway actor and VH1 host, who is now also an entrepreneur who has co-founded the online training and education company called Super Connector Media. Her award-winning company helps entrepreneurs reach larger audiences and grow businesses by leveraging on social media. She has been recognized as one of the Top 50 Speakers in The World” by Leaders Magazine. Jen has several accolades to her name, including becoming the number 2 on Maxim Magazine’s “Top Entrepreneurs Of 2022.” She has appeared on quite a few popular platforms, such as Forbes, Business Insider, and CBS. Gwyneth Paltrow’s Goop also named Jen one of the “Top 11 Coaches” Bottom Line. Bottom Line These top entrepreneurs never fail to inspire us with their journeys and words. Maybe they are the reason why more and more entrepreneurs are rising, leaving their boring desk jobs to follow their passions. But the list does not end here. It goes on with the names of Pieter Levels, Oprah Winfrey, Marie Forleo, Daniel Vassallo, and many more. Read Also: How to Plant Grass Seed on Hard Dirt? Top Easy Way To Fix Avast UI Failed To Load Error Easy Steps to Change the YouTube Channel Name

10 Ideas To Successfully Sell Your Art Online

Selling art is always a challenge. You have to find ways to bring it to the attention of interested buyers. This involves working with agents, having big galleries to display your art, and so on. However, with the explosive growth of the web and the online market, artists now have more choices when it comes to promoting their work. How to Sell Your Art Online : You now have many different ways to provide exposure to your art online and find buyers. From online art galleries to creating your own website to sell your art, to promote your work through social media, there are many options. 1. Online Art Galleries : The best way to sell art is to get people to see it. Sign-up with a good online art gallery that provides good exposure and if they sell your art, you should get the major share of the sale price. You have to spend some time doing research to find good ones. The best online art galleries do not just display your work. They also curate your work and help you promote your work and to connect with other artists, and buyers, and collectors. Your art will be displayed well in the gallery in the relevant categories. Potential buyers can narrow down the results by filters like the subject, style, medium, etc. 2. Sell Through Specialized Art Marketplaces : Websites like Etsy, ArtFire, etc. focus on providing a marketplace for artists and for handcrafted work. On these websites, you can connect with other artists and artisans, show-off your work, and also get the opportunity to sell them. 3. Popular Shops and Auction Sites : While you are exploring your options, don’t forget websites like Amazon and eBay. Yes, they deal with a lot of different products. But they also let you reach millions of people across the world. To sell your art through these sites, you have to make sure that you promote your product links on social media, ads, and other means. 4. Build Your Own Website : There are now many ways to get your own online store with minimal investment. You can try TicTail, SquareSpace, or an eCommerce platform like Shopify. You can choose web templates to make sure your website looks good. Choose templates that are ideal for displaying art. Build your website and start promoting it to get visitors to your site who may become buyers. 5. Sell Through Social Media : Use social media websites like Facebook to promote and sell your art. However, for social media to be an effective marketing tool, you need to establish yourself as a person worth following. You need to build your personal profile, connect with other people, respond to other people’s posts, contribute useful content in communities, and so on. You can begin talking about your work and try to generate interest in it. Tweet about any sales you made or a new painting you added to an online gallery etc. on Twitter. Use Facebook well. Create a business page on Facebook and post interesting content about your art, show off your work. You can even set up shop on Facebook and sell on it. 6. Print-On-Demand Websites : With print-on-demand websites, you can get exposure to your artwork in many ways. You can sell prints of your work. You can have your art printed on several merchandise like shirts, coffee mugs, smartphone cases, and so on. This will create an awareness of your work and also provide a stream of income for you, letting you concentrate on creating more art and saving the funds to promote them in traditional ways. 7. Create Photobooks : Take professional photographs of your artwork and then select a few to create a beautiful photo book of your art. Use a service like a Blurb which lets you create stunning photo books. Blurb has partnered with Amazon so you can easily sell your photo books directly on Amazon. 8. Use Instagram : Instagram is an image sharing site. Take snaps of a few of your paintings or other artwork and share it. Use Instagram to create awareness about your art, your style, the media you use, and so on. 9. Make Use of Stock Art Sites : Select a few of your art that you feel are good but you can afford to give away to get more exposure to your work. Create a profile for yourself on sites like Shutterstock that tell a little about your work and your style. Upload good images of your art and let people use it for other derivative works. This can give more exposure to your art and people who use your images can share your image or your whole portfolio with others on social media, spreading the word. 10. Promote Your Art Through Occasional Giveaways : Everyone likes to get something for free, and if it is an original piece of art, that adds more value to the prize. Choose a small painting or illustration that is good but one you don’t mind giving away. Choose a picture or handicraft with size and weight that won’t cost too much to send to the winner. To ensure that you get entries for the giveaway from people who are interested in the work, ask them for instance, to write about why they would like to win the prize. Make it easy for them to share the giveaway page on social media. The internet has opened up so many ways to promote your art and sell it, through your own website, through online galleries, through social media, by organizing promotional events like a giveaway. Explore your options and use as many as you can to create a buzz about your work and finding buyers for it. Read Also : How To Master Social Media For Businesses & Entrepreneurs 5 Steps On How To Market Your Business Using Social Media Using Social Media To Promote Start-Up Businesses

The Top 3 Benefits Of Using A White Label Link Building Service

If you're unfamiliar with white label services, they are a turnkey solution that allows you to outsource and rebrand services as your own. In the case of link building, a white-label service means that you can have someone else do the heavy lifting while you focus on other parts of your business. When you outsource link building to a white-label service, you can save significant money. The cost of hiring in-house link builders can be high, and it can be challenging to find quality link builders. Link building can be time-consuming, but when you outsource it to a white-label service, you can free up your time to focus on other parts of your business. Keep reading to learn more about white label link building. What Are The Top Benefits Of White-Label Link Building? When you're looking to get your website the links it needs to rank higher, there are a few options available to you. You can do all the link-building yourself, hire an individual freelancer, or use a white-label link-building service. If you're looking for the best possible results, using a white-label link-building service is the way to go. Here are three benefits of doing so: Quality links: One of the most significant benefits of using a white-label link-building solution is that you'll get access to high-quality links. These links come from reputable websites with high domain authority, which will help your website rank higher on search engine results pages (SERPs). Not only will this increase traffic to your website, but it will also help improve your brand's reputation and credibility online. Increased efficiency Using a white-label link-building service saves time and energy. Rather than spending hours researching potential links and contacting web admins individually to request them, white-label link-building services will take care of all of that for you. This leaves you free to focus on other aspects of your business, such as content creation or marketing, while still seeing improved search engine rankings and more website traffic. Cost-effective solution Using a white-label link-building service is often more cost-effective than hiring an individual freelancer or doing all the work yourself. This is because most quality services offer packages that include various links, as well as regular tracking and reporting so that you can see how your website's SEO is progressing over time. This allows you to get better results for less money than if you were to try and do everything yourself. What Are Backlinks? White-label services offer high-quality links because they have access to a large pool of websites and domains that they can use to create links. This increases the diversity of your backlinks, which can help you rank higher in search engines. Backlinks are links from other websites that lead to your website. They are essential because they are one of the main ways search engines determine a website's rank. The more backlinks a website has, the higher it will rank on SERPs. Why Are Backlinks Important? There are a few reasons why backlinks are so important. Backlinks are a direct measure of a website's popularity. The more backlinks a website has, the more popular it is. They are also a significant factor in how a website is ranked. The higher a website ranks, the more likely it is to be found by potential customers. Finally, backlinks are a source of referral traffic. This traffic can be valuable because it often comes from people who are already interested in a website's products or services. When you outsource your link building to a professional service, they will be able to help you build links more quickly and consistently than if you were to attempt to do it yourself. This increased velocity will result in better rankings and more stable SERPs as your links continue to grow in strength. Additionally, outsourcing your link-building will give your website an immediate boost in authority which can help improve all other aspects of your online marketing efforts. Read Also: Best Monthly SEO package for 2020How to Monitor the SEO Health of Your Website?The Importance of SEO Based Digital Marketing Services

How to Deal With Debt By Doing Business Marketing Smartly?