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 Ultimate Guide To Guest Posting: Scale Your Business In 2022

If you are a savvy blogger, you are most probably aware of guest posting. But why is guest posting important for your business? The concept of guest posting is quite simple - You write articles for another blog that you don’t own. Guest posting is a mutual relationship between bloggers and the owners of the website. Both get the benefits of a guest posting. Guest posting is a new opportunity for both bloggers and website owners. They are exposed to a wider pool of audiences and get new traffic from the web. Due to its several benefits, today, online startups and established businesses use guest posting to reach new audiences. However, if you are a startup owner, not familiar with the whole guest posting concept, and looking for sites that accept guest posts, you are at the right place. Today, I am going to tell you how you can use guest posting to scale your business in 2022. Best Strategy For Guest Posting At Scale In 2022 We are already at the end of the year. The year 2021 has been a tough year for businesses. The businesses that survived the first post-pandemic year are expecting great things from the year 2022. This expectation has really burdened the guest posting strategies. Market experts believe that if the businesses want to take their game higher, guest posting might play a key role. Guest posting is a tried and tested method for attracting new yet relevant audiences. It can help your business establish itself as a market expert and present itself as an authoritative figure. Step 1: Start With Setting Your Goals The first step towards creating an effective guest posting strategy is to outline your goals. Having goals will ensure that you are walking on the right path. Ask yourself: Why are you planning this campaign? How will this campaign affect your business? Your answer to these questions will help you determine your goals and make things clear for you about the objective of the guest posting campaign. Step 2: Look For Prospective Sites Creating a guest posting strategy means that you first need to find a platform you can contribute to. This step is crucial as you cannot just post your content on any website. It is imperative that you post your blogs on websites that matter the most to you and are relevant to your niche and industry: Here are a few criteria that should be met while selecting websites. Relevant niche. Huge social media following. DA of at least 40. Keeping your search filtered to these key points will ensure you high-quality, relevant websites for guest posting. Step 3: Make Your Pitch Once you have listed down the website, you want to write for. The next thing is to make a comprehensive and convincing pitch. This is where you will be selling your content idea to the site owner via mail. Do not go for generic pitches; they do not stand out. Furthermore, the website owner will show no interest as he receives hundreds of pitches every day. Here is what your pitch should contain. Introduce yourself and showcase your area of expertise. Show appreciation for the post published on the website. Tell them about your goals. Present your idea. You can even add a brief outline of your idea along with the mail. Step 4: Craft Your Content If your pitch is accepted, it is time to craft your content. Now, what most people do - they think, as this is not their website, giving any content will do. However, that is not the case. Remember, guest posting is a mutual relationship. If your content is of poor quality, it will not perform on the website. Hence, your purpose of guest posting will stand void. Always focus on quality content, as this content will become your advocate. If the content is of high quality, readers would want to know about the author and will trace you back to your website. Step 5: Write An Interesting Author Bio As we have already said, people check the author bio of the writer who creates high-quality content. Hence, it is important that you write an appealing author bio for yourself. An author bio is the only place to directly market yourself, talk about your skills, and even add links back to your website. However, while writing an author bio, don’t make it too long. Just keep it enough that the readers know the kind of person you are. Step 6: Promote Your Content After your guest post is accepted and published on the site, you need to promote your post. This ensures that your content reaches as many people as possible. Here is a cool trick you can use to promote your content. Ta or Mention the site while sharing or writing your content. Step 7: Keep Track Your work is not complete after the guest post is published. In fact, you are just halfway through. One of the advantages of guest posting strategies is that they are scalable. That means, if you can enhance their performances, you can easily scale up your reach. Once your content goes live, make sure to go through the comments. See what readers feel about the content and respond to their comments. Actively engaging with the readers creates a good reputation in the industry and makes the reader feel that their words are taken care of. Guest Posting Is A Communication Exercise You must see guest posting as a communication exercise that needs practice. You will have to accept the fact that even after trying and following all the best practices, you are bound to make mistakes or might not get the results you desire. Making mistakes doesn't mean the end of your effort. Instead, come out with experiences and pitch again—this time ensuring that you do not repeat the same mistake. Like a communication exercise where you talk more instead of thinking, the same thing stands true in guest posting. The more you pitch and connect with the other bloggers in guest posting, the better you would become. Read Also: Best Ways to Get More From Your Outreach Campaign Creative Marketing Strategies to Put Your Small Translation Business How to Become a Great Travel Blogger: 11 Secrets Improve Your Local SEO via Content Marketing

Top 10 B2B Marketplaces to Grow Business!

B2B marketplace has become the best platform for wholesalers, retailers, or buyers to trade. It has helped so many sellers to reach their expansion selling goals. To sell your product or services through these platforms, you will have to create an ID on a particular website. The platform will work as a broker or commission agent. The best thing is that you can sell your product or services worldwide. Here we have listed the top 10 platforms, which will help you to grow your business. Here are the top 10 B2B marketplaces to grow business: 1. alibaba.com: Alibaba.com stands at the top of this list because it is considered the best leading b2b platform. Jack Ma and Pang Li, these two Chinese people founded this marketplace 18 years ago and since then offers a broad range of B2B services all over the world. It is also considered the best platform for related services, including B2C and C2C. 2. eWorld Trade: Eworld trade is also one of the best leading trade platforms for today's generation. It is because it has made the process more reliable, worthy, and secure. The well-established trade platform also offers a broad range of eCommerce services. 3. TradeLeaves: TradeLeaves makes Cross Border and Domestic Trade simple through its online platforms comprising of Marketplace, Business Listing, Information Services (BLISS), and Classifieds. TradeLeaves user-friendly digital platforms make increased visibility and exponential growth a few clicks away. TradeLeaves supplements the online platforms with its own professional services and escrow services as well as third-party services. Simply put, TradeLeaves makes it easy to buy and sell anywhere in the world—cross border or domestic. 4. EC21: The Korean counterpart also offers a broad range of marketing services all over the world. The head offices of EC21 are located in China, Russia, Malaysia, and India. Over 2 million people are engaging in services, including overseas marketing, trading educational seminars, and national cooperation. 5. TradeIndia: TradeIndia is an India-based marketplace platform that stands next to IndiaMart. It has participated in national and international trade events and offers a vast range of services, including DialB2b, Call Me Free, trade alerts, credit reports, and lead reports. 6. IndiaMart: One of the most India-based leading marketplaces is Indiamart, which is continuously growing since its foundation. There are more than 1.7 million visitors recorded on this platform and taking services like B2B and B2C. 7. En. Ofweek: The China-based marketplace is still growing but also has gained so much popularity in the electrical components trade all over the world. The fresh B2B marketplace contender is known as an in-depth reporting marketplace for its sellers. If you want to expand your business in China, you first know everything about the Chinese market. Click here to access china insight. 8. Global Sources: One of the most leading marketplace platforms of some prime countries offers a broad range of import/export services. In the countries where it is working, it has claimed millions of visitors a month and also offers a unique role in the GDP growth of those countries. 9. DHGate: Other China-based service providers have more than 40 million products listed on their trading platform. There are more than 1 million Chinese suppliers are trading with over 10 million buyers of 230 countries. DHGate is considered the most reliable platform that offers valuable benefits to both the buyer and the seller. 10. Amazon: Amazon was introduced as an e-store for purchasing several goods for personal or commercial use. The company noticed that people are showing a lot of interest in their service then they decide to start the B2B process, and now it is one of the best growing and leading trading platforms of India. Conclusion: Here is the list of the top 10 B2B marketplaces that are working all over the world. These platforms are considered the most trustworthy service provider. One can choose any of the above-listed platforms to start a new journey of earning more and more profit through the online selling method. Read Also: Why Should You Hire a B2B Digital Marketing Consultant? How a B2B Payment Solution Can Aid Your Ecommerce Company? The Right B2B E-Commerce Platforms to Sell Your Used Machinery

Implementing the Best Web Application for Approach in Modern Marketing

In advertising and publicizing your business brand and product, you should follow a specific process. This will ensure that you increase your business revenue but most importantly you will be able to provide your users with a positive and everlasting experience. In this modern business world, there is a strong competition exists and if you consider it from the conceptual point of view it is a very complicated task to have memorable and effective publicity. You may find some strategies are useful and are very much in practice but in order to reach out to a wider audience and create a greater media impact you will have to think out of the box and look over and beyond the traditional marketing policies. The best way to proceed is to have a useful, effective, appealing and easy to navigate web application or web app as these are popularly called in addition to your well-designed website. This will help you to reach out to a larger audience and create a more distinct appeal. Having a dedicated web app is the most commonly followed digital strategy by most of the businesses. It helps their services and products to reach out to their targeted audiences anywhere and anytime even when they are on the go. However, creating a web app that is useful and effective is not easy as you will need to stick to the cultural values of your business as well as your audience. In addition to that, you must ensure that: Is good Creates a positive impression Impacts the users’ minds with a clear image of your company and product Is useful for the industry Is easy to access from mobile devices and Is easy to navigate and self-intuitive. It must also vary with different tastes and requirements of the users and all should be available in one place. You must make sure that a single app is useful enough for all types of audiences irrespective of their demographics, location, and even disabilities. Therefore, be wise to invest in a professional web app development company to include all of the useful and idiosyncratic features in the web app. Things to consider While you design a website you may focus on telling a story through the images and graphics, more information through the text and other aspects but when you design a web application it should be high and only informative. The elements and pictures should be useful and only the necessary ones should be included or else it will be cluttered and less appreciated by the users. A large part of the success of your web app will depend on the quality and efficiency of it. It should be in accordance to the need and requirements of your clients and of course the market. You must focus on delivering the desired results as per the wish of your users. This is an important factor to consider because users will have different needs and demands for different businesses and therefore your app should be unique for your type of business and the product or services that you have to offer to your customers. Besides your app design, you should also focus on the type of company to select for designing your app. This is another important factor to consider as there are several such agencies out there but all may not be able to deliver you with exactly what you need. Therefore, make sure that you choose a web app development company based on the level of competence, expertise, and efficiency. This will prevent you from selecting a company that is above the average Consider your goals The primary objective of creating a web application for any particular business is to consider and implement the features that will enable the business to achieve its goals. This will make your investment fruitful and protect your hard earned and valuable money. For this matter, you must include only those options in your web app that are necessary for the user to make a buying decision. Incorporating others in the app may confuse the user resulting in leaving it soon. You must deliver your user what they want along with your vision as well. You will need to be more creative in designing your app to make a better appeal and stay in the business as well as follow your innovative and unique marketing strategies. Apart from designing a really good app that will deliver your vision, it is also necessary to ensure that it is scalable enough to assure the best and most effective results. This will ensure that you offer your users with more dynamic and useful solutions to their queries and issues. In order to reach out to a more targeted audience, you should customize the ideas, needs, and features that are specific to your specific industry. In addition to that, you must also keep in mind that you need to establish a relationship with your users when they use your web app. The users must be comfortable to use and work with your app which is why you should use more than the tried and tested features in your app to be truly useful. You may experiment more with the approaches, features, and ideas to implement but in the end, you must make sure that till it provides the best solution to the users. This will not only ensure that you achieve the best results for your business but it will also allow you to measure the success level of your app and how much it is able to contribute to your revenue generation. Ideally, the use of a web app is not only to get more business but also to create the best brand recognition with your expert marketing strategies. Wrapping it up If you find all these are too tall ask for you hire a professional agency. They will ensure better networking and that the best features are included in your app to help the users in better decision making and at the same time you can follow your business objective. Read Also: Doing It Old School: 5 Traditional Marketing Techniques That Still Work Calling Out – How Telemarketing Allows You To Reach A Wider Audience

How to Deal With Debt By Doing Business Marketing Smartly?