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.

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4 points to consider when creating a Great Content Marketing Strategy

The proverbial ‘holy grail’ of digital marketing is a slow but steady increase in your organic traffic, on a day-to-day basis. The key issue is not the fact that one is able to generate numerous hits on the website itself (important though they may be) but the fact that these hits will eventually be converted into actual sales. In this case, a suitably high conversion rate (resulting in actual earning of revenue) is of near-absolute and paramount importance, especially when it comes to the creation of an entirely self-sustaining and viable online business entity. Yes, the seminal importance of generating leads can never really be overlooked, but the far more critical objective of eventually making these sales remains crucial to the success of just about any business at hand. 4 Keypoints To Remember While Creating A Great Content Marketing Strategy For successfully doing content marketing you will go to need to follow some basic strategy. Your goal is to attract as many as possible audiences to your website. More audiences mean more potential customers. If your content is not going to attract audiences to your website. Your content marketing is not going to be successful. For doing this Here are the four key tips for you and along with this enhance your content marketing strategy. 1. Attracting The Relevant Traffic : It is pertinent to note that most such successes are only possible if the website in question is also able to attract the relevant traffic, in the very first place. This is precisely why many hits right at the initial stage, is of such supreme importance. As a matter of fact, the more such hits, the more the potential for the actual kind of leads that will almost inevitably lead to outright sales, either online or even offline (as the case may be). This can of course, only happen with the website itself is also able to ensure that the ‘just right’ traffic not only comes to the site but also stays there for a long enough period of time to enter the ‘web marketing funnel’ (that is, the process that leads an individual to not just the site itself, but also converts him or her into becoming a long-term customer. This entire process is colloquially known as a ‘marketing funnel’). This is the part where a highly effective content marketing strategy can easily come into the picture. That is, the kind of strategy which will be able to deliver both a sustained and an impactful message to the overall target audience. But in such a manner that it will also help them come to a suitably favorable purchase decision. Let us see just what such a strategy actually entails: 2. Understanding the target market : Here, it is very important, to understand that just about any content generation strategy has to come from the point of view of the target audience itself. The more important points and salient features of this aspect include the psychographics as well as the demographics of the audience that the enterprising content marketer is targeting. For example, if a website retails sports-shoes in the city of London, it would hardly make sense to pepper the website with articles on the Vietnam War (for instance). Here the key point to understand and learn is that one has to ‘tailor-make’ the content to fit in with the audience’s very own likes and dislikes, per se. (An interview with an Olympic hockey, for example, will be able to generate a lot more interest in the products on offer, then if the site owner and marketer were to just simply pick up random news items.) Similarly, if you are a heavy equipment dealer and sell used cab-over trucks and dozers, the content on your website should be relevant to the target market. 3. The seminal importance of creating great headlines : When it comes to understanding the importance of the ‘ubiquitous’ headline, the odds are that many if not most, such ‘digital marketing content specialists’ just simply love to write entire reams and reams of their very favorite articles without ever really understanding the gist of their work. In other words, they just simply fail to realize the fact that it is not the long-winded content that really catches the eye, but rather the headline, itself. If the headline is eye-catching enough, then the odds are that it will also vividly capture the imagination of the reader who will, in turn, be so hooked that he will have no choice but to read the whole thing. And once he does that, it will be easy enough for him to slide into the marketing funnel without even realizing it at all. This is why all content writers should almost always opt to go for a truly eye-catching headline if they possibly can. 4. Express and articulate your ideas very clearly : It is an axiomatic enough of an assumption that any article that converts is a winning article! This is why the web content writer should always avoid writing a lot of complicated stuff as well as long-winded and extended sentences that basically look like absolutely indigestible paragraphs, in their own right. Here, the need of the hour is to keep all such writings, both clear and concise. Albeit, having said that it is important to understand that your writings should be highly effective Here, the best policy and practice is to typically use short, concise and fairly simple words that even a child would be able to understand. In fact, the content writer should try to cut out all unnecessary words, if he possibly can. The point to remember here is that being clear is always much better than merely ‘showing off’ one’s own knowledge. Conclusion : In 2021 Content Marketing is the biggest medium by which you are going to convey your message to your audiences. Ultimately, the quantity and the quality of content on your site will easily go a very long way indeed, in effectively ensuring that you can also retain the core interest of your own target market in a manner that will be calculated to generate not just a single sale, but rather to create repeat customers, again and again. Read Also : How To Monitor The SEO Health Of Your Website Best SEO Tools For Ranking The Website Get A Return On Investment With Your SEO

What Is The Future Of Digital Marketing In Regards To Shaping Up Small And Large Businesses?

The more we are growing every day towards technical advancements, the better our lives are becoming. Not only in the personal front, but people are getting huge advantages on the professional front as well. The developing businesses are using digital marketing immensely well to generate leads and build a connection. And why not? The facilities are overwhelming and if you do not keep pace with the current marketing trends then you ought to lose out on many advantages of using digital marketing in lifting your business. The most significant benefit of implementing digital marketing in your business is that it helps you expand your reaches; you can connect to clients and customers from all over the world much easier than you could do before! And who doesn’t know how important it is to build connections for letting a business grow more! In the upcoming years, digital marketing is more likely to affect the growth of marketers in various ways Given the growth of digital marketing in recent years, every digital marketing expert is assuming that in the coming years, it is going to bring some revolutionary changes in the way we are looking up to it now. Some of the massive current digital marketing trends include artificial intelligence, personalization, influencer marketing, infographics, video marketing, social media marketing, visual search, apps for everything, etc. While we get to see such beneficial digital marketing developments today, we can expect to see more such advanced trends and technologies in the years to come which will help us in expanding our business for gaining maximum profits. While large scale marketers were always on the checklist for getting better resources, it is the small-time markers who suffered more in regards to marketing requirements. This digital marketing has helped them immensely in advertising and promoting their businesses at bare minimum costs through digital platforms like social media, website creation, etc. Industry growth impacts everyone in some, or the other, way… Not only that digital marketing would help the businesses to grow more in the upcoming years, but it is surely and to affect the lives of common people as well. The more the businesses throw, the better our lifestyles become. We could not have imagined stuff getting delivered at your doorsteps a decade back but today, not only that we can almost achieve anything with just a click in our mobile or laptops. This massive change is the reason why we can believe that in the future digital marketing is indeed going to give us more than what we expect. Thus, no matter how good effects digitization would have on the industry marketers, it is also going to take all our lives easier and more convenient! The bottom line The advancements in science and technology have impacted all our lives in many ways. The growth in the digital industry has benefited us all in several aspects. And businesses have seen more benefits in terms of updated software usages, huge connectivity, better resources and what not! If we consider these changes to be the initial stage of digital developments then we can expect much more in the years to come. When businesses develop, the economy of the country also develops. Thus, digital marketing has much more to offer to us in the near future in terms of digitization and business growth so that not only the businesses grow and see profits but the common people get benefitted at the same time. Read Also: Essentials For Digital Marketing Four Things Marketing And Public Relations Firms Want To Tell You 7 Social Media Tips For Your Business

Shouldn’t On-Demand Workers Get Workers’ Compensation?

Things have changed significantly for American workers in recent years. More and more Americans are working not as employees, but as independent contractors. Some people call it contracting or freelancing, but the implications are always the same - a worker is hired for a particular service and is paid a rate (hourly or per job) for that service. While working as an independent contractor might be the preferred choice of some workers, it is more often than not an arrangement born out of necessity, facilitated by a growing sea change in the relationship between labor and business. Contractors might have a bit more freedom in the way they do their jobs but, as many freelancers have discovered, there are plenty of drawbacks to working as an independent contractor. They pay their own taxes, lack many of the benefits associated with full-time employment and - perhaps most concerning - they aren’t protected when it comes to injuries suffered on-the-job. It’s this lack of compensation for workplace injuries that brings us to a growing discontentment for a large subset of independent contractors - on-demand workers. What is an On-Demand Worker? On-demand workers are the people who pick us up when we hail a ride with Uber. They are the workers who come clean our house or fix a leaky pipe when we book someone on our Handy app. In short, on-demand workers are those that spring into action when we request a service from a company that relies on freelance labor. The “Ride-Share” Economy’s Impact on Workers Every few weeks or so, you’ll find a news story or press release about another company that wants to become the Uber of something. Handy wanted to become the Uber of household cleaning. Cargo wanted to become the Uber of shipping. The list goes on and on. The financial success and the immense popularity of ride-share services have prompted companies to look for ways to incorporate the ride-share business model into other services, and many of them have been successful in doing so. These “on-demand” services are not just popular in the business community, they are popular with consumers, too. In many cases, the services offered by the new breed of businesses are more affordable and, in some cases, more responsive to a customer’s needs. It might be tempting for consumers to think of these services as a much more direct way to communicate with someone who is providing the service they need. The truth, however, is a little more complicated than that. The driver who picks us up, or the handyman who comes to fix our sink, is working on contract through the business who runs the app we use to summon them. The money that we pay that worker is divided between the worker and the business they work for. Many of these businesses have requirements that their workers must meet before they can do their job. Workers don’t have the level of control over their jobs that one would typically associate with an independent contractor, yet they are provided at the same level of benefits. In other words, they are provided with no benefits. Read also: Making Your Office Safer for Workers No Security for On-Demand Workers On-demand workers can suffer injuries just like any other subset of workers. A high percentage of workplace injuries are transportation-related. Many workers suffer injuries while moving goods or traveling for work. When you consider the fact that on-demand workers spend a good deal of their time in transit from one job to another (or, as is the case with drivers for ride-share services, all of their time in transit), it’s no surprise that these workers face just as many, if not more, hazards while on the job as those who are considered to be employees. To zero in even more on just how dangerous some of these jobs can be, let’s look at taxi drivers and chauffeurs, whose jobs are virtually identical to Uber and Lyft drivers. Taxi drivers and chauffeurs have fatality rates five times those of the average worker. On-demand drivers face the same risks - vehicle accidents, violent attacks - yet they aren’t given the financial security that other workers receive. If an on-demand worker is injured on the job, the company that they work for will not be held accountable for the injuries of their workers. That worker will be left without the security that so many of us enjoy as a fundamental right. They work just as hard. They observe the requirements set out by the company that employs their services, yet they are guaranteed nothing when something goes wrong. Contractors “In-Name Only” Understandably, many on-demand workers are growing increasingly dissatisfied with their classification as independent contractors. This is evidenced in a number of lawsuits in which workers are seeking to be treated with the same rights and benefits as other types of workers. This has been happening in the trucking industry for some time, an industry that has shifted from one heavily reliant on employed drivers (who used to be more likely to be union members) to one of the independent workers, and this industry suffered major labor shortage as a result. In one high-profile lawsuit, an appeals court found that FedEx incorrectly classified their drivers as contractors, despite the fact that FedEx required workers to wear FedEx uniforms, drive FedEx vehicles, and groom themselves according to the standards of FedEx. While on-demand workers face slightly different requirements from their companies, the principle is very much the same. The question is: How much can a company ask of you before they should give you the same rights as their “employees” are afforded? The answer is that you can ask only so much from a worker before they are essentially a contractor "in-name-only.” It’s becoming clear that companies are taking all of the advantages they can out of the “contract” relationship they have with workers while providing none of the benefits that they would give their employees. Unfortunately, this means a lack of workers’ compensation benefits for on-demand workers. The Implications for Consumers On-demand services might seem like a great thing for consumers, for now, but there are many ways in which the relationship between workers and their companies will begin to seep into the quality of the services consumers are currently enjoying. If companies providing on-demand services fail to provide workers with adequate benefits, they will face the same challenges as the transportation industry, which is struggling to keep high-quality workers who will find more benefits and security in other labor markets. In other words, on-demand suppliers will eventually get what they pay for and, by extension, so will consumers. In that respect, the lack of protection for on-demand workers is bad for business, not just for the workers themselves, but for consumers as well.

How to Deal With Debt By Doing Business Marketing Smartly?