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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Why Every Business Needs Digital Marketing

If you want your business to grow at a steady rate, you must be able to reach your target audience as quickly as possible. In this day and age, this isn’t possible unless you have an active social media presence that your customers know about. Today, a business without a sound digital marketing strategy is doomed to fail. Several types of research show that if your business, whether new or old, isn’t visible on social media, will become a flop. If you aren’t already tapping into the potential of Facebook, Twitter, and other social media marketing, you should seriously start thinking about the potential leads and customers that you’re losing because of it. Social media has changed people, the way they function, and the way they do business with each other. When social media was first setting its root, no one believed that it could be beneficial for the world of business. But today, in a matter of a few years, digital marketing has proved to be so influential that no business can do without it. The truth is that social media has become necessary and we incorporate it into our daily lives every chance we get. To keep up with the way businesses are revolutionizing because of social media, Facebook, Instagram, and other social media platforms are coming up with new techniques. These platforms keep up with the demands of their users because they know that without these enhancement sad improvements, they would not only lose relevance but also their loyal users. Using social media platforms is essential for your business and will help you grow even further as a brand. When used right, this platform can be a cause for your company’s success and this is why it is growing even more popular as a tool for businesses around the world. If you think that these platforms for businesses are a passing fad or trend, think again and look around at the possibilities they have created for other businesses and brands. In fact, there are many English tuition Singapore companies that are benefiting from social media and getting students from all over the world. Here are a couple of interesting facts that will have you intrigued about social media and all it can do for you. 8 billion people use social media in one form or another Adults (18-34) are most likely to follow a brand on any social media 71% of customers with good experience with a brand are more likely to recommend it to others 50 million small businesses use Facebook to connect with their customers There are approximately 500 million tweets per day So now that you’re fully aware of the potential power that social media networking websites hold, let’s talk about why you need to benefit from this powerhouse and the benefits that it can bring to your business. In the next section, we’ll talk about the importance of implementing a good digital marketing strategy for your business. Why is Digital Marketing Essential for Your Business? Digital marketing for your business will come in handy on many fronts. When used correctly, it has the potential to change the fate of your business for the better and can bring you all-rounded success. So without further delay, let’s look at the several ways in which digital marketing can have a positive influence on your business or brand. Social Media Brings In Targeted Traffic and Boosts SEO : If you have a website that you spend a lot of energy and money building, you must also be looking for ways to promote it so actual customers visit and pay attention. Designing and developing a new page on your website may not be as challenging as having people visit it. However, if you do want your landing page to be noticed, you have to work on your social media because that makes a world of difference. When strategically placed, social media has proved to bring customers to websites that were previously only getting a handful of visitors. One of the things that help you bring traffic to your website is SEO. And digital marketing helps you with SEO as well. If you have a killer content strategy for your website’s SEO, it will help you in earning a spot at the top in search engines and proper social media marketing will help you drive it even further. Social Media Helps You Stay Ahead of Competitors : The biggest mistake you could make is to skip on the benefits of social media and let the competitors get the best of it. One of the things you need to be crystal clear about is that if your competitors are on social media (which they probably are), you need to join the bandwagon as well. If you don’t want to fall behind and play catch up later, you need to get serious about digital marketing the minute you start your business. This won’t just help you get recognition as a brand, but will also help you get the potential customers that you might have lost to competitors if you didn’t participate. Being active on social media networking websites can help you turn friends and followers into traffic for your website. If you’re an English tuition Singapore company, this particular tip can help you a lot. The best thing about social media and digital marketing for small businesses is that it brings equal benefits for all. Though a few brands will have bigger budgets than others, all companies will initially start off with equal footing when they enter the arena. You can find examples of many small businesses that made it big just because they were attentive, clever, and knew the best tactics in making their content catchy. Digital marketing will also help you with your competitors because unlike traditional media where you often miss news about your competitors and even your products, social media will help you keep track of everything. Social Media Strengthens Customer Relationships : Know why digital marketing and social media are so cool in today’s world? It’s because it gives you and your customers the to interact freely with each other and knows things that weren’t obvious. As a brand, it gives you the opportunity to show your human side to the public and target audience so they can feel more connected with you. It also tells you a lot about the customers’ likes and loves and also gives you the chance to get a sneak peek into their lives. If you play your cards right you can use these networking websites to connect with journalists and other influencers to give your business the much-needed boost. Another advantage of using social media to improve your brand is that your messages aren’t taken as marketing tactics. This is why customers are often a lot more receptive to them and are more likely to hear what you have to say. It also helps you to target and retarget ads according to location, industry, purchase history, and even education level. When you target ads according to these characteristics of the user, you’re a lot likelier to convert these people into solid leads and even sales. Social Media Improves Brand Image : Finally, though digital media has a lot of other perks, we’re going to talk about how it affects positively on your brand image. When your customers are facing problems with your product or services, you get to know about it immediately. This, in turn, gives you a chance to rectify the mistake without having to go through a long and tiring process. Several studies have shown that customers appreciate brands that respond positively to customer complaints and don’t run from their responsibilities. When you’re active on your social media and show a united front, it helps your brand build loyalty. Brands that have active profiles have a proven record of customers who’re loyal to the brand and their message. It will help you become a corporation and associate trust and reliability with your name. This is one of the best techniques for English tuition Singapore branding because it helps you get noticed. Digital media marketing is essential for your business because it helps you make the mark in this millennium. If you don’t have an active existence on social media, this is your chance to start. How Should You Get Started? If you haven’t started to represent your brand on social media, your brand doesn’t really exist. Digital marketing is important for your business because it makes you reach customers far and wide so you can start interacting with them in the best way possible. So now that you know most of the benefits of adding digital marketing to your brand’s marketing techniques, let’s look at a few quick ways you can get started. Set Your Goals : The most important decision you’ll need to make before stepping into digital marketing is the goal or objective you want to get out of it. Though this is an all-rounded marketing strategy, you need to specify if you’re trying to generate revenue or using it to provide customer service and build customer relationships. The reason why you need to answer this question is that the type of content you post or share will directly affect the outcome of your goals. Content is King : We have all heard it but no one really takes it seriously unless they’re in too deep with digital marketing. When you know what your customers are looking for and what they need from your social media profile, you need to make it a point to create content that’s informative and important to them. Remember not to give up because, with continual effort, you will come out successful. Also, bear in mind that content isn’t just about the same old ‘text’ and written information you provide. Instead, experiment with your artistic side and create cool memes, infographics, and other such visually appealing content to keep your audience busy and satisfied. Incorporate Your Marketing Strategies : All your social media accounts, as well as the other marketing strategies you use to promote your brand, should be integrated together. You should have a consistent tone of voice and cross-promote your campaigns both online and offline so the efforts work together without any glitch. However, one thing you must remember is to focus on the quality of digital marketing and not necessarily the quantity. Posting 10 things on social media that don’t do a lot for the customer will be of no use. Instead, focus on bringing in quality so you have 1000 highly engaged fans instead of 10,000 who aren’t interested in what you have to say. Have a Schedule : Once you have started your social media and have a good handle on it, you don’t need to spend a lot of time managing it. If you stick to a schedule and ensure that you devote that specific time for the marketing, you won’t skip on the activities that keep things going. So for instance, if you have an English tuition Singapore page on Facebook, you can spend an hour each day to look into it and answer queries for customers. Digital marketing is fun and can be made very easy if you simply know how to go about it. But don’t make the mistake of ignoring this essential part of your business because that’ll just make you and your brand down in the long run. Use these tips and find many others on the internet to know just how important it is to know the ABCs of digital marketing. Read Also : Should You Hire A Digital Marketing Agency? The Importance Of SEO Based Digital Marketing Services Social Media Marketing: Six Trends To Keep Your Eyes On

4 Key Concepts on Making Signage an Effective Strategic Investment

Have you ever asked yourself how effective your signages on igniting consumers’ interest? Or you simply place them so you could have something like an interior or exterior design? Do not tell you just place signs outside your store because others have them. Come on. We invest money to earn more, not to lose. Let us get you started out on the right foot on doing an effective strategic business investment with these four rule of thumbs on signage making. 1. 3 ½ Second-Rule Three and a half second rule is a rule of thumb that gives business owners a chance to deliver their messages to passing motorists thru their signage within three and a half seconds before another car whizzes right on by. It is difficult to read your message when you overcrowd your sign with many lines of texts and words. Another, overstated ideas on signs could look busy and decrease the reading speed of your signage. Your goal is to let your sign have optimal visibility within three and a half seconds. How to increase your signs reading speed? First, add borders on signages. Borders tend to increase signage reading speed by 26%, especially when your target is automobiles audience. It could manage the reading space that let viewers directly focus on the center of the sign. Second, do the math when choosing the most efficient letter size on your signs. Distance and speed are the two essential factor when selecting the right measurement. Answer these guide questions: How far away do you want your sign to be readable? How fast people or cars could pass through the sign? 2. Typefaces A typeface or font is considered as a part one’s company’s signature. Every distinctive letter style on various signage from different infrastructures offers contrasting feelings. You could reinforce brand recognition in your place when you can choose the right typeface for you. Most customers are not conscious of typefaces. However, fonts subconsciously affect a signage’s style, way of delivery, and crispness of your message. Think of font styles as themes that would represent you and your business. There are two categories for typefaces. First is that signs could be friendly, warm, and casual like that of McDonald’s. Another could be formal, serious, and traditional like some of those by Shieldco business signage. What are the don’ts that I need to avoid? Do not use fancy designer fonts like Script Style fonts on signs that are not visible from a distance. Better use it on stationery or business cards. Avoid using different letter styles in a single design, too. Do not overdo layout that your main message would not stand out. 3. Optical Center Optical center is the area when human eyes tend to enter a design or page. Our vision typically gravitates toward a spot that is slightly above the mathematical center. If there is a logo above and information below in a sign, nudge the logo higher within the boundaries of a layout. Another example is when placing a sign in a center vertically and mathematically accurate, it will look low. To solve this, again move the signage a little bit higher to correct this visual anomaly. 4. Power Kerning You might never have heard about it, but power kerning is a powerful tool on signage making. It scales letters for better visibility. Proper scaling, perfect sizing, and precise spacing are prominent factors in designing. The same goes on signs. How Kerning works? Human eyes, with the help of our brain, could quickly notice irregularities on patterns. This is why perhaps most people could immediately point out mistakes, rather than good stuff. The thing is when there is asymmetry such as too much space, or little space between characters of a word, a reader’s eyes tend to stumble. Proper kerning would fix this unevenness through adjusting the space between letters, making each character of a word together into a single unit. Consequently, a smooth flow of details from the text would be easily delivered to one’s brain. Nowadays, many applications that could easily do the job of kerning for you. However, instances like do it yourself signs would let you address kerning issues manually. When doing it by yourself, there are a few things to remember. First, uppercase characters are spaced to fit the following ceding lowercase characters. Next, big headlines require spacing adjustment to attain better visual consistency. Last, over kerning is done when doing some layout effects. Takeaway Minimal content could adequately carry out the meaning of your business. Emphasize only the essential meaning. Remember that the fewer your words are, the higher understanding customers would get. You will know that you had reached your audience successfully when you delivered your message clearly and concisely to the customers. Read Also: Calling Out – How Telemarketing Allows You To Reach A Wider Audience What Is The Future Of Digital Marketing In Regards To Shaping Up Small And Large Businesses? 5 Types Of Digital Marketing

How we could be able to get benefits from the outdoor marketing

Outdoor advertising, very simple, is marketing that organized outdoor massive places to attract the customers. Various types of outdoor branding can be done to make a brand visibility. Billboards can be comprised about 65% of outdoor marketing. • Sitting benches branding • Schools gates branding • Specific event coverage • Recreational place banners • Shops branding • Shopping malls • Bus branding • Bus stands • Bridge branding Here we also include other populated areas are vital to show all types of flying flags imprinted with logos, images, and promotional messages. There are plenty of ways to attract your customers by seizing the attention and offering them a huge amount of benefits while the competitors are not. To make our brand a significant exposure outside the home where most of the folks are outing, visiting and taking rest of long hours of hectic work burden. Outdoor marketing isn’t a new way to market the products and brands. In the current era people are getting bored with the old stuff of commercialization – now they are demanding some new content as our world has advanced into the digital world of marketing. To make our brand’s promotion different from the competitors’ it would be better to give a strong reason to our customers so that they easily can buy products. Why should we use outdoor Marketing? 1. Target your audiences 2. Positioning at points of sale 3. Brands talking point build 4. Consumer pulls distributor push 5. Target your audiences efficiently 6. Outdoor advertising can’t be turned off 7. Other media cover outdoor promotional activities How we can take the maximum benefits from outdoor marketing through outdoor banners. 1- Outdoor Advertising has High Impact To preparing TV ads and other digital media promotional content, we keep in mind how to be attractive in the 30-second streaming ad. But in outdoor advertising, it would be slightly easy to attract the audience with just simple but reliable graphical that according to the place atmosphere where it has changed. No matter the passengers taking attention or just this outdoor banner going through their eyes. It is not just a 30-second ad that will stream off. This is the main benefit of outdoor marketing to be there for some particular period by attracting the folks. 2- It would be Very Cost Effective Way of Marketing Through a widely accepted survey, it has been reddened that outdoor promotion is very cost-effective form all other advertising phases. It is just given and take the way of marketing how much we invest it would be good enough return profit. 3- It has Widely Reach to the maximum Audiences As outdoor advertising is stand out directly to customers every time, while passengers are walking or passing through. Most of the time some folks are individually read out what is being shown off on the display boards, sometimes its texture, content, images, and graphics. Through all these, our display boards would be the maximum reach to the audiences. 4- Outdoor Marketing is an Engaging Media Unlike most mediums, outdoor is actually liked by consumers. Research from APN Outdoor found that 71% of Australians preferred buses with advertising than those without and that 36% stated outdoor advertising as a welcome distraction. 5- Outdoor Marketing Impacts’ well on Sale It is a good marketing channel and mostly seen by the buyers, so that is the primary concern to enhance the chances of sale on the brands’ outlet or other places it is put on sale out. In outdoor stalls or extra promotional activities, we could be able to get promotional, visibility and sale by investing in this type of marketing. Read More: 5 Marketing Tips To Help Grow Your Business On Instagram Google Maps Marketing: Guides On How To Boost Brand Advantage Social Media Marketing Role In Technology

How to Deal With Debt By Doing Business Marketing Smartly?