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?

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.

Read Also :

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

View all posts

Elevate Your Property Presence With Digital Real Estate Signage – A Modern Marketing Approach

Boost your property's visibility with the cutting-edge innovation of digital real estate signage! In today's dynamic market, these innovative displays are transforming the way properties have a good market, providing a comprehensive and engaging experience for potential buyers. Let's delve into the realm of modern marketing strategies and explore how digital real estate signage can significantly impact your property's exposure. Modern Marketing Strategies: A Brief Overview Modern marketing strategies are a set of digital practices that help engage customers, enhance brand awareness, and drive conversions. These strategies encompass SEO, social media marketing, content marketing, email marketing, and PPC advertising. Leveraging specific digital channels, businesses deliver personalized content, fostering strong relationships with their audience. Data analytics plays a pivotal role, providing insights into customer behaviours, preferences, and trends. These strategies are not only sustainable and cost-effective but also measurable, making them highly effective in today's digital era. Digital Real Estate Signage In Today's Property Market In the ever-evolving property market, digital real estate signage is a game-changer. Utilizing LED screens, interactive displays, and touchscreens, these platforms effectively market properties. Unlike traditional signage, digital displays showcase not only property details but also offer 3D walkthroughs, virtual tours, and insights into the surrounding neighbourhood. With smart technologies and AI, these signs tailor content based on user preferences, enhancing the overall customer experience. The shift to digital real estate signage is revolutionizing property marketing and sales strategies. Understanding Digital Real Estate Signage Definition: Digital real estate signage is a contemporary method of advertising property listings through electronic displays. These signs, utilizing LED or LCD technology, dynamically showcase properties available for sale, rent, or lease. Featuring images, detailed information, and even property videos, these signs get real-time updation. It helps, providing an efficient tool for real estate agents. Importance: Digital signage plays a crucial role in the property sector by offering dynamic displays that captivate potential clients' interest. The ability to present engaging content can significantly influence a buyer's decision-making process, providing visual presentations of a property's key features. Furthermore, it streamlines the buying process by offering real-time information, enhancing efficiency and buyer satisfaction. Role in Boosting Property Visibility: Digital signage enhances property visibility by using compelling visuals and interactive features. These displays effectively communicate key selling points, providing a comprehensive view of the property through high-quality images, maps, virtual tours, and videos. This makes digital signage a powerful marketing tool, stimulating buyer interest and engagement, and ultimately boosting property visibility. Read Also: Instagram Advertising For Beginners Features Of High-Quality Digital Real Estate Signage Design and Aesthetic Enhancements: Incorporating design and aesthetic enhancements adds visual appeal and improves functionality. Upgrading structural elements, introducing complementary colours, and creating an appealing ambience can boost a brand's image and attract more clients. Technological Aspects: Touchscreens and multimedia have revolutionized interaction. Touchscreens offer an intuitive interface, while multimedia combines various content forms for dynamic communication, enhancing user experience. Interactive Components: Interactive components, such as buttons and sliders, facilitate dynamic and user-friendly experiences, making technology more intuitive and enhancing user satisfaction. Implementation Of Digital Real Estate Signage Steps in Implementation: Implementing digital signage involves defining objectives, identifying target audiences, choosing appropriate hardware and software, creating engaging content, and effectively managing and updating displays. Successful implementation requires a blend of technological expertise, creativity, and strategic planning. Factors to Consider: Factors such as product specifications, safety measures, cost implications, and expertise needed for installation must be considered. Careful planning ensures a successful and financially feasible installation process. Digital Display Modes: Various digital display modes, including LED screens and touch screens, have revolutionized how we interact with technology. LED screens offer vibrant colours and energy efficiency, while touch screens provide an intuitive and direct interaction method Benefits Of Utilizing Digital Real Estate Signage Increased Visibility and Attractiveness: Improved visibility and attractiveness are pivotal for growth. Increased visibility helps clients easily identify and locate you, while heightened attractiveness draws people towards your brand or product. Greater Property Exposure: Greater property exposure increases the chances of selling a property by showcasing it to a larger pool of potential buyers. Enhanced exposure also contributes to fair pricing and increased competition among prospective buyers. Detailed and Changeable Information Display: A detailed and changeable information display provides enhanced user convenience, promoting effective communication. Swift adaptability ensures the most relevant details are consistently highlighted. Increased Engagement for Potential Buyers: Increased engagement is critical for business growth. Creating interactive communication and building relationships through personalized marketing and quality customer service can transform engagement into actual sales. Future Trends In Digital Real Estate Signage Prediction of Coming Trends: Predicting trends involves utilizing techniques like data analysis, behavioural statistics, and market research. While perfect prediction is impossible, anticipating possible changes provides businesses with a competitive edge. Technological Advancements: Future technological advancements, including digital platforms, AI, and virtual reality, are expected to influence the property market significantly. These advancements promise universal accessibility, personalized suggestions, and immersive virtual tours, transforming the buyer's experience. In conclusion, digital real estate signage is a modern marketing strategy that effectively enhances property visibility, engagement, and overall marketing efficiency. As technology continues to evolve, businesses must adapt to stay ahead in the competitive real estate landscape. Embracing the benefits of digital signage ensures a comprehensive and engaging approach to marketing properties in the digital era. Read Also: How To Integrate Email Marketing With SEO 4 Points To Consider When Creating A Great Content Marketing Strategy Today

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

5 Actionable Mobile Marketing Tips That Drive Sales

Driving sales is the most important task for any marketing department, no matter how large or small your business. Here are five ways to leverage mobile marketing to increase sales immediately: Build Websites With Mobile in Mind Traditionally, websites are built to perform well on desktop and laptop computers, and then later they are optimized for mobile. In today’s business environment, however, it should be the other way around. Take a look at these statistics about mobile search traffic: 70% of searches made on smartphones or tablets result in immediate action. 73% of consumers believe mobile websites load too slowly. 68% of traffic is lost if a website isn’t configured well enough for a mobile device. Clearly, mobile searches are valuable, and your competition is losing out on these opportunities. Take the time to capture them, or you’ll lose out on sales, too. Create a Mobile Loyalty Program One of the best uses for a mobile application is to provide a loyalty program for your audience. Here are the benefits you can expect your brand to immediately enjoy: They’re less expensive than most inbound tactics that focus on finding new business rather than improving loyalty. Companies that run loyalty programs usually enjoy more growth than other companies. Your company’s reputation is improved by simply launching a loyalty program. You’ll have access to a larger portion of your customer’s overall spend. Not only that, but your customers benefit too. On average, 90 percent of all users with mobile devices believe that enrolling in a brand’s loyalty program benefits them. It’s a win-win situation. Start Distributing Coupons via Mobile Instead of Print One of the best tools you have in your arsenal to drive sales is coupons. Sending them out gives customers an instant incentive to make a purchase immediately, but if you want your customers to use them, you need to make it convenient for them to do so. That’s why mobile devices are the perfect way to distribute your coupons — convenience. Instead of having to print or clip the coupons and bring them when they shop, they’ll have instant access. This is the biggest reason that mobile coupons have a redemption rate that’s 10 times higher than print or clip coupons. Use Text Messages to Nurture Your Leads Text messages are extremely effective at getting read, with an incredible 98 percent open rate. Compare that to email, which hovers slightly above 20 percent. With that kind of power, not taking advantage of text message marketing is a huge mistake. [gallery size="full" columns="1" link="none" ids="1444"] One of the best ways to use text messages is to nurture existing leads. Text messaging is an extremely personal communication method, so sending out generalized blasts isn’t a good idea; instead, you want to send relevant, timely information to a targeted audience. Because you know that your message is going to be read, delivering the right message at the right time drives incredible results. Make Everything as Easy as Possible Mobile marketing is a great way to reach an enormous, engaged audience, but you need to understand how that audience is interacting with you. Mobile devices are easier to use than ever before, but they still can’t rival the functionality of traditional computers. If you want to drive mobile subscriptions and more business, you need to simplify everything. Don’t require too much information when somebody is creating an account for your mobile app. Let them do it with just a username and password. Once they've created an account, offer incentives, such as coupons or bonus loyalty points, for additional information. Use shortcodes to make text message subscriptions as simple as sending a single word. The fewer barriers to entry mobile users have, the more people you’ll attract and keep. Have you used mobile marketing to drive sales? Share your own tips and tricks below! Read also: 1. App Development Benefits: Here’s why you should go Mobile 2. Role of messaging apps in enhancing a company’s market prospects

How to Deal With Debt By Doing Business Marketing Smartly?