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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The Right B2B E-Commerce Platforms to Sell Your Used Machinery

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7 Online Promotion Methods For Your Next Live Performance

If you have a live performance coming up, you probably have tons of tasks on your to-do list. Even if you have managers or vendors lining things up, you need to be there throughout the process. One aspect you should definitely focus on is marketing. That will really help you get as many attendees as you want. While promotion takes place across multiple mediums, the internet is where you’ll really get the results. Online marketing has numerous elements, so you have a lot of opportunities to promote your upcoming performance. However, before you start the promotion process, make sure you have a decent website, a functioning ticketing system, and your social media pages up and running. Then, you can start off with the following online marketing ideas. Create Live Music Posters For Social Media Adding a multimedia element to your online promotion strategy is quite useful. So, you should make a live music poster, with audio, visuals, and text regarding your next performance. You can do this on PosterMyWall by choosing one of the many templates there, and then customizing it accordingly. If you have a musical act, add snippets from it to this poster. In addition, make sure you keep a similar aesthetic and color scheme running throughout your online marketing collateral. When you have this poster, share it on your website, and across all your social media platforms to announce your performance. Share A Schedule & Teasers Periodically release information about your performance on your online platforms. You can start with a teaser announcement, then announce the date/time/venue, and then you can create a schedule and post that. This will help you generate hype in your audience, and pique their interest. However, do share the important details before anything, otherwise, they will get frustrated at the lack of information. Utilize Video Marketing Videos are the top-trending medium for online marketing these days. Short-form video platforms like TikTok have changed the game with video marketing, so you need to get your information across in a short time, and in a visually appealing manner. So, share live rehearsal snippets, behind-the-scenes videos, and communicate face-to-face with your audience with these short clips. Make sure these are filmed and edited well, and then share them on your social media pages, with a special focus on Reels and TikTok. Build Up Hype Across Platforms Often, companies tend to focus on only one or two online platforms. However, you need to make sure you cover all your bases. Whether it is social media, email, blogs, online forums, or your own website, have a cohesive promotion plan for all these online platforms. Customize your posts according to the dimensions and specifications of these platforms, and then you can implement your campaigns. Of course, you’ll put a bit more effort and resources into platforms that have proven to be successful for you, but you should also not ignore all the other online promotion opportunities out there. Work With Businesses For Cross-Promotion If you have a sponsor, then you can ask them to share your online promotion materials on their platforms as well. Usually, they’ll want to be mentioned on your platforms in return, so fulfill your end of the deal with a few special sponsor announcement posts and logo placements as well. You can also contact local businesses near your venue for services like food, transport, and others. Then, offer to promote these services on your platforms for your audiences to use. In return, these businesses can promote your event on their online platforms. You can even work out agreements with promo codes and discounts for patrons of both your performance and the businesses. Utilize Influencer Marketing These days, influencer marketing is a major tool for online promotion. Do your research into popular influencers in the area and contact them for shoutouts for your performance. Send out a few free tickets or comped services to the bigger names, so that they announce that they’ll be attending your performance to their followers. You need to make sure you contact these influencers well in advance and figure out exactly what you want from them, and get it in writing. A proper agreement means that there will be no confusion or misunderstanding later. Make Custom Band Email Newsletters Email marketing is still one of the best online promotion tools you can work on. So, you should send out monthly updates in an email newsletter to your mailing list of fans and potential attendees. Use the band email templates on PosterMyWall to make these emails, and use the platform’s email marketing tool to keep track of everything in one place. This will help you develop an email list for future performances as well. So, make these newsletters to keep people updated, and to hype up your performances. To sum up, there are countless ways to promote your live performance online. Utilize a mixture of mediums and methods to optimize your results and get the audience of your dreams. Read Also: How To Market Your App Successfully Mobile App Marketing Agency Marketing – What’s Right For Your Business?

Top 9 Forex Trading Tips for Beginners That Save You Money

Want to make a lot of money off of the world's money? You're a savvy investor looking to diversify your portfolio. You want a market with fewer restrictions and lower transaction costs. A market is open 24 hours a day that covers the entire globe. It sounds like you're looking for forex. The foreign exchange market is the global market of trading currencies. It determines the world's exchange rates. This is a very hands-on market that requires a lot of attention and patience. But, if you're willing to put in the time and effort, you will be rewarded handsomely. Forex can be highly volatile that can change in an instant. You need to educate yourself about this nuanced trading system. If you go into forex blind, you may come out broke. 9 Forex Trading Tips for Beginners That Save You Money: Are you new to the forex scene? Before you start trading, read on to discover the 9 best forex trading tips for beginners that actually work and save money. 1. Go in with a Plan: This goes for all trading markets. Don't start investing without a strategy. What do you want to get out of the forex market? This is not the time for pie in the sky thinking. You want to have realistic goals about how much you can make based on your available capital. If you want to make money, you have to be disciplined. Especially in the forex market. 2. Test the Waters Before You Dive In: Forex is not your father's stock market. There's a lot of new methods and approaches you need to learn. The best way to thrive in this new world is to practice. It might sound silly to trade fake money. But, this is how you can be sure you won't waste real money when you begin. There are many demos out there online. FP Markets allows you to trade for real but also has some great demos for you to practice with. 3. Find the Right Broker for You: You wouldn't climb Everest by yourself without a guide. So don't embark on your forex trading adventure without a broker. Be sure to take the time to find the right broker for you. There's a lot of phonies out there. They're either negligent or worse, malicious. Make sure your broker is fully authorized to trade. You also want to be sure you are on the same page with trading platforms. Do you prefer an over-the-counter market or an exchange-driven market? Whatever your preference, it should be your broker's too. 4. Be Consistent with Your Methodology: Whatever trading methodology you abide by is up to you. But, the important thing to remember is that whatever your mythology is, you need to stick with it. When it comes to the global currency market, there's a lot of information out there. Everyone has their own idea of what the best strategies are to follow. If you try to incorporate everything, you'll be overwhelmed. Do you prefer to keep a close tab on specific economies and wait for the right time to pounce? Or maybe technical analysis is more your speed. Regardless of your approach, make sure to stay consistent. That's the only way to truly understand the market. 5. It Shouldn't be "You vs. the Markets" Some traders like to take an upstream approach to invest. They go against the trends to try and guess what's coming next. Don't try to be a soothsayer. Going against the market on a whim will only bring you stress and failure. Safe, diversified investments in profitable economies are the sure-fire way to go. 6. If It Sounds Too Good to Be True, It Is: As the forex market heats up, everyone is looking to get rich quick. This is not that type of market. However, that doesn't keep people from trying to take advantage of you. There's robot software available that claims to have mastered the market. They invest your money based on their automated programming. You're just supposed to sit back and watch your money grow. Snake oil products like this don't work. The forex market can't be broken by an algorithm. 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Another great resource is to go straight to the source. Try interacting with other forex traders. Maybe you're the type of person who hates asking for directions. Well, have fun being lost! The forex community tends to be open and supportive of new traders. There are no dumb questions, only the dumb people who don't ask questions. Check out some forums online and make some forex buddies ASAP. Use These Forex Trading Tips! Take these forex trading tips and start by planning your strategy today. Forex is a new world of investing for you. So you'll only get better over time. Did you enjoy this article and want to learn more? Then check out this beginner's guide to investing. Read Also: How To Start Trading On The Stock Market And Profit? What You Should Know Before Using ExpertOption

How to Deal With Debt By Doing Business Marketing Smartly?