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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How to Monitor Your Brand?

On the Internet, to be particular on social media, everyone and anyone can share views about your brand. One thing you need to understand is that this information will reach a vast audience. Most of the information that people share on social media go viral. Brand monitoring is the best way forward if you want to keep on top of this information. What is brand monitoring? Brand monitoring refers to the process of monitoring several channels to find out various mentions of your brand and asses what people have to say about your products or services. It can include complaints on social media or a newspaper article about a merger, among other things. The role of brand monitoring is to respond and act on the mentions you get. It can assist you to jump on good publicity or spot a crisis before the situation worsens. It will also give you valuable insights on how the market views and talks about your products. We can also define brand monitoring as a business analytics process that monitors various channels on the media or web. It helps users to get information about the brand, products, and all the things that are connected to your brand. It will allow you to monitor the reception and reputation of your brand by your target demographic, consumer base, and the general public. You have to strategically and regularly investigate online resources and media to help you react to the various sentiments your brand and of your competitors experience. You have to proactively monitor the reputation of your brand and react to customer and press concerns to enhance trust in your brand. Why do you need to monitor your brand mentions? Identifying and Addressing Infringers: These people always look at the popularity and name of your brand to ride on it. Web monitoring will help you to identify these infringers who adopt confusing domain and brand names that resemble yours. Trademark law protects brand owners and consumers against such unfair competition. The good news about brand monitoring is that it will help you to enforce this practice. Addressing Consumer and Competitor Protection: Brand monitoring will help you to respond to both positive and negative sentiments from consumers. Most customers express their feelings on complaints, sites, forums, or social media. Also, it will help you to monitor the competition representation of your brand in terms of negative reviews and comparative advertising. What monitoring tools are there on the market? The market has so many social media monitoring tools that you can use to track your mention. Some of them include; Famm.io Famm.io is one of the best social media and web monitoring tools. It is an effective tool if you want to know what people think about your brand. The tool will show you the resources where your brand is mentioned most of the time. It will show you the best resource when it comes to brand mentions. Find out the places where people just watch and where people communicate most of the time. LexisNexis Print media and tracking broadcast are quite tricky unless you have people reading all the newspapers and watching all channels. LexisNexis is one of the best tools for monitoring these two elements. They will assist you in tracking mentions on several publications and in analyzing the results. Source LexisNexis is a big organization, which helps some of the biggest brands explore analytics, data, reporting and monitoring. It helps in identifying the quickest trends and news breakouts (viral content) and informs brands of advertising opportunities. The smart and easy interface helps brands understand metrics and take detailed steps as to the nest strategies. Google Alerts Google Alerts is an easy and free social media monitoring tool. You will need to input a keyword and you will get an alert when a person uses it on the website. It offers mentions but has no long-term overviews and analysis. Google Alert is an absolutely free tool that will help you get mentions about your brand in a small, yet significant way. Please do not expect this tool to be as powerful or potent as some of the best ones on the list. It is free and should be expected to be basic. TweetDeck This tool is great for community managers who use Twitter but also does brand monitoring through Twitter. Setup search columns to give you live feed once the things you specify get mentions. A free tool is ideal for brand mentions. This was an independent tool, which was later acquired by Twitter. This is a great platform to align your Twitter mentions and activities. The dashboard is clean, precise and easy to use. Once you start using TweetDeck, it will be difficult for you to go to other platforms like HootSuite, Buffer or anyone else. Why Famm.io stands apart from the crowd? Over the last three years, I have used several brand-monitoring tools on the market. What makes Famm.io stand out is the multi-functional capabilities. You are not only allowed to see your brand but also integrate content resources and competitor strategies in your dashboard. If you are looking to run Influencer Marketing campaigns, Famm.io helps you find your brand mentions not only on search but also on social. However, for me personally, the best part about Famm.io is the possibility to reach out to different Content Creators. You can look for content creators, not only in your niche but also in different niches. The capabilities of Famm.io can help your brand manage its online reputation in a successful manner. It can also help you reach disgruntled users or employees before they can do too much damage. This will help brands maintain good relations with their audiences and tackle PR nightmares before they get too big. Conclusion: Brand monitoring became a trend in a recent couple of years. It brings value as a marketing and PR component as well as a steady approach for brand awareness strategy. What can be more important than benefits for users, a brand’s value and its reputation? Overall, tools enumerated above are trustworthy enough and good for analysis and building marketing strategies and social media campaigns. All of these online assistants insulate from the needless search offering the selection of on-demand features. Read Also: Winning Tactics To Build A Competitive Service Delivery Website Reasons Why You Should Implement Wireless Monitoring System

The 4 Essential Marketing Strategies To Help Boost Any Small Business’s Revenue

When your small business needs to bolster its revenue, you may want to revamp your marketing strategy. Although you may not think that your approach to marketing can have a dramatic effect on your bottom line, the truth is that good advertising can help attract new customers, make new sales, and even improve the company’s reputation within the industry over time. Small businesses should look to aggressively pursue digital marketing strategies to ensure a strong online presence. With search engines and social media becoming the most important platforms for reaching new customers, building visibility, and driving sales. Effective digital marketing strategies like SEO, SMM, PPC, and Content Marketing can generate revenues and profits for a small business. However, settling on an effective marketing strategy can seem difficult, especially if you’re a new small business owner. Fortunately, there are four essential strategies that can help any business expand its efforts, gain name recognition, and eventually boost revenue as well. Check out the top options you should consider adopting for your own small business. 1. Writing and Posting Tailor-Made Company Content Whether you’d prefer to write your content yourself, hire the best content writing services out there to help with writing and editing, or hire a new staff member to handle content matters, writing and regularly posting tailor-made company content is one of the top ways to take your marketing strategy to the next level today. A company blog, website, or social media channels can allow your customers to get to know your business better anytime, anywhere. Moreover, having a business book increases business value and it can open doors to numerous off-shoot opportunities for reach and sales. This strategy not only allows you to put out marketing materials on a low budget, but it can also help you: Keep readers updated on news in the company Improve SEO efforts to get additional website clicks Demonstrate professional expertise Hone and strengthen a distinctive, professional brand voice 2. Expanding Advertising Across Numerous Digital Channels If you’re still stuck advertising on a single channel, such as print media, now is the time to consider expanding your marketing horizons. Using social media for business purposes is one modern trend that can help your company reach out to large numbers of consumers at once. If you don’t have profiles set up already, you may want to look into starting company pages on: Instagram LinkedIn Facebook YouTube Twitter 3. Crafting Highly Creative and Strategic Print Advertisements Are your ads exciting to consumers, or are they coming off as generic and stale? If your print advertisements are a little on the boring side, you may have a hard time seeing a strong return on investment. That’s why it’s crucial to craft creative and strategic print ads that grab customers’ attention. For instance, you may want to consider: Advertising in the magazines your customers are most likely to read Strategically placing ads in highly circulated local newspapers Expanding a marketing campaign across multiple print channels, potentially even including highway billboards 4. Boosting Word-of-Mouth Advertising Among Longtime and Loyal Customers Finally, don’t discount the effectiveness of word-of-mouth advertising. If you have a strong base of longtime, loyal customers already, you may be able to lean on them to get the word out about your business. This strategy could help boost overall revenue while generally offering: Low to no financial burden Organic marketing An expanded base of trusting customers In order for any small business to survive and thrive, having strong revenue month after month is essential. However, if you don’t currently have a great marketing strategy in place, you may struggle to maintain current customers, attract new ones and gain name recognition within your industry. Thankfully, there are numerous tried-and-true marketing ideas that can help any small business gain a foothold in its sector and eventually boost the bottom line. If your company needs some financial help and you’re looking to revamp your approach to marketing, try posting tailor-made company content, advertising across several types of channels, crafting creative print advertisements, and boosting word-of-mouth advertising. These approaches can help you reach more consumers and possibly even improve your revenue streams over time. Read Also: Which Marketing Mix Element Deals Specifically With Retailing And Marketing Channel Management? The 7 Most Common Email Marketing Mistakes Content Marketing Mistakes You Shouldn’t Be Making Digital Marketing Classes: What You Need To Know

Promotion Position For Your Ex-panding SEM Business

Growing an SEO consulting business is not easy, it is not uncommon to run into issues. If you follow some elementary guidelines for expansion and professional tips, you will be headed on the right path. Here are some guidelines to keep in mind. A positive attitude has a very positive effect on the people who do SEO consulting business with you. If they see that you are happy to give them the goods and services that you sell, it will make them happy to keep purchasing those products and services from you, which means more business. Let your customers be your most important spokespeople. Ask for testimonials from your best customers, and incorporate them into your marketing materials. People often consider the advice of others when looking for an SEO consulting business or service they need. Apart from the difficult work you put into your SEO consulting business, you also have to have ample financial resources up your sleeves. It is imperative for you to keep sufficient business funds with you all the time. If you are seeking to enjoy a reputable business without any hindrance, then you need to work on this aspect. At the affair, take pictures of your consumer and then post them on your Facebook page or website. Get their acquiescence first, and then tell them the URL that they will be on. People love to see pictures of them, especially if it’s a huge SEO consulting business that is posting it. It may make them feel a bit like a celebrity Sign in to all the social networking sites such as Facebook, Twitter and the like and try providing unique and interesting information on all of them. Also, remember to connect all your social networking sites and make sure that you are continuously visible everywhere. Put the merchandise on display outside of your store. Clearance items are ideal for demonstrating outside. In most instances, products sell like hotcakes when placed in the public eye. Curiosity about other items you carry will bring more traffic to your SEO consulting business. Have a jingle written by a songwriter. Jingles directly focus attention on your SEO consulting business. Make it catchy and irresistible. Just sit back and watch the call flow increase. There are wonderful examples at Jingle dot net. Using a short song to promote your SEO company can be an excellent way to grow your business. It’s important to make sure you are running your SEO consulting business within the confines of the law. If you’re uncertain about something from a legal standpoint, be sure to enlist the help of a professional to avoid facing serious unintended consequences later. Legal issues can be the death of the business. Curious about the topic of video SEO consulting? Don’t forget to go to my SEO Blog and you’ll be able to find quite a bit of helpful tips.

How to Deal With Debt By Doing Business Marketing Smartly?