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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Tending to Your Needs: 5 Key Differences Between Online and Offline Auctions

Auctioning is a popular way of selling and purchasing various items. But, what are the differences between online and offline auctions? In the past, all auctions were conducted offline. The development of the internet has led to the rise of online auctioning platforms. Companies that provide auctioning services have embraced modern methods while still keeping the traditional live auctions. To get an overview of the services provided by such companies, visit equifyauctions.com Curation: In offline auctions, experts examine and curate the items to be auctioned carefully. Customers can also inspect the items and even test them (if applicable) before the bidding process begins. This assists them in making informed decisions about the items placed for auction. On the other hand, it is rarely possible to test an item on online auctioning platforms. Online auctions are also accessible to global audiences, whereas offline auctions are only available to locals and people living nearby. Bidding: To bid in offline auctions, you must be physically present. Conversely, online auctions only require internet access. This means that you can bid from anywhere provided you have access to the internet. In this regard, online auctions have the upper hand over offline auctions because of the wide variety of items available. For instance, you can bid for a car in Britain while living in the US. Bidding online has an advantage in that prices may be cheap if you are first to the auction. On the contrary, it can also be expensive to acquire a product when the bidders are several, given that many people find bidding over the internet to be convenient. Payment: In live auctions, payments are mostly made in cash. Since the buyer is likely to meet the seller one-on-one and you pay for what you see, issues regarding payments are very rare. In online auctions, there are no guarantees overpayments. Issues arising from faulty items, and in severe cases, non-delivery, are likely to occur. However, there are some platforms with a credibility that use secure payment platforms. Such platforms also compensate you if the bought items do not meet the desired standard. Trustworthiness: Offline auctions are renowned for their utmost trust. Online auctions, on the other hand, have some work to do on this front. As mentioned above, the trust issues originate from payment and delivery. Conclusion: Online platforms have been cited by many as the future of auction. This could be the case, mainly because they are convenient and give you a broader audience. However, there are several challenges that need addressing. These include: People will always have reservations about risking their money. This means that online auctions have to implement methods of safeguarding client funds. There is a need for creating a means of verifying the existence of an item, clients should also be able to inspect the condition of the item before committing their funds. That being said, you should thoroughly research a reputable auction house before buying or selling an item. Read Also: Cost Of Living In Seattle Is Property Investment Still A Good Way To Make Money?

Getting The Best Digital Marketing Agency In Singapore For Your Business

The Internet is indispensable for any business in the digital world. Given that customers are increasingly using the internet to locate products and services, companies should be present online. Goods and services searching, procuring, and marketing have been revolutionized by the digital age. Subsequently, an increasing number of companies are moving into the digital world and understanding that digital marketing has become important not only in Singapore but around the globe. Your position in this digital transformation is that it puts you as a business owner/manager in the middle. You can see that digital marketing is a crucial factor in expanding your company but if you have no clue how to handle this intricate environment, it may turn out to be a problem. Here the right digital marketing agency in Singapore is everything. Learn how to select the best digital marketing agency for your business and unlock the potential of the internet in this article. The Competitive Landscape of Digital Marketing in Singapore The influence of the Internet on our everyday lives is such that more and more businesses tend to pay attention to the importance of creating and using effective e-marketing tools. With such changes taking place speedily in Singapore companies are seeking to not only survive but also flourish by adopting digital marketing systems. This part looks at the competitive edge of digital marketing in Singapore and why staying ahead matters for businesses in this dynamic setup. Singapore is renowned for its strong economy and cutting-edge technologies. Such an environment creates a very competitive marketplace. It is also worth noting that companies from different sectors are competing for the attention as well as the loyalty of consumers, and this competition is much more vigorous in the digital environment. The transition from the analog world to the digital world has completely changed how businesses can attract, involve, and transform their clients. However, it means simply being online is not enough for businesses to survive as they need to actively separate themselves from the crowd. This differentiation is now being based upon digital marketing, which offers flexible instruments and information-driven perceptions. In effect, it enables companies to come up with tailor-made strategies that are relevant to each of their target audiences, giving them an edge in the market. Personalization is a very important power to reckon with in the era of consumers whereby the users demand tailor-made experiences. Another thing that gives companies an advantage is the agility of digital marketing. The digital landscape is ever-changing, comprising various new technologies, trends, and platforms. In order to stay ahead in the face of these changes it is a question of making use of them to outperform competition in terms of customer experience too. The Power of Digital Marketing in SG For companies of all sizes in Singapore, digital marketing is synonymous with success. As the online consumer number rises, the online market cannot be skipped. Here are a few reasons why digital marketing is vital: Wider Reach The internet knows no borders. Using digital marketing, you can reach customers around the world, allowing you to increase your customer base beyond physical borders. Cost-Effective Digital marketing is often cheaper than traditional marketing. It enables you to make your budget allocation efficient and select a specific audience to target. Data-Driven Insights The access to valuable data and analytics in digital marketing is critical. Using such data helps you make effective marketing strategies that translate to better results and high return on investment. Competitive Edge With a market like Singapore, digital marketing provides a competitive edge over others through tailored strategies and approaches. This makes you unique and enables you to connect with your audience while building your brand among the leaders in the market. Related: How Can Digital Marketing Increase Your Business? Discovering the Right Digital Marketing Agency Now that we understand the significance of digital marketing, let's explore how you can discover the best digital marketing agency in Singapore for your business: 1. Define Your Goals Before you start your search, it's crucial to have clear objectives. Determine what you want to achieve through digital marketing – whether it's increasing website traffic, generating leads, or boosting sales. 2. Assess Their Expertise Look for a digital marketing agency with a proven track record. Check their portfolio, client testimonials, and case studies. An agency's past successes can give you insights into its capabilities. 3. Range of Services Different agencies offer varying services. Ensure that the agency you choose can cater to your specific needs. Services can include SEO, PPC advertising, social media management, content marketing, and more. 4. Customised Strategies Your business is one of a kind and so digital marketing should follow suit. To work with the agency, it should be ready to build customized solutions specific to your objectives and target customers. 5. Transparency In the digital world, transparency is all that matters. Be sure that this organisation will be transparent about its activities and will make regular reports. It will also keep dialogue with you during the entire campaign. 6. Budget Considerations Though one has to consider cost, one must strike a balance between the budget and the best of services. Quality is usually preferred over quantity in digital marketing. 7. Stay Updated Change is ever-evolving in the digital landscape. Keep the agency abreast of the current trends and technologies in digital marketing. 8. Communication Partnerships require effective communication. Make sure that you can easily contact the agency, and that they respond quickly to your questions. Conclusion It is not a luxury but a necessity to tap into the power of digital marketing in Singapore – a digital world that is experiencing a booming online marketplace. Picking the right digital marketing agency that helps you unlock the potential of the digital landscape could be a game changer. To find the best agency in Singapore for digital marketing of your business, you must first define what you want to achieve, evaluate which agency is the proper one in terms of their experience and then take into account factors such as transparency, communication and others to choose which will Do not miss this chance to leave a trace in the virtual space—start your way now! Contact us for more info. Read Also: Partner For Success: 7 Tips For Choosing The Best Digital Marketing Agency For Your Ecommerce SEO Understanding The Role Of SEO In B2B Digital Marketing: Optimising Your Website For Success What is a Digital Marketing Agency and What Can It Do For You?

How to find the best products to sell on Amazon and some examples

What can you sell online? It is obvious, that you can sell anything online. But here, selling online means to sell a product with a decent profit margin. To become a successful Amazon seller you need to find the right product that has high demand; low competition; and many other characteristics. Once you select a product that has all these characteristics, you can see a decent profit selling them. In this article, some of the ways of finding the best products to sell on Amazon are explained along with some examples. Table of Contents Finding the best product Manual methods of product research Automated methods of product research Popular and profitable products on Amazon 1. Finding the best product There are many ways by which you can find a profitable product to sell. This process of analyzing the current trends in the market and ending up with a good product is known as product research. Product research can be done in two ways namely manual product research and automated product research. These processes are explained below. 2. Manual Product Research This is the process of analyzing the current trends in the market manually through various strategies as follows. Checking Amazon’s bestsellers list – Amazon has its own listings of thousands of products as bestsellers categorized based on their niches. You can just go to this list and check what are all the niches and products that sell well. You can also go through those product listings to find out the special features and characteristics of a product that attracts more customers. The product reviews under each bestselling product will be the bible for you to shape your own product. If you just look at the bestseller list, you will get to see the products with high competition. So, you can go through the sub-categories to find more specific products with high demand and low competition. You can get excellent product ideas from this. Pinterest – Pinterest acts as a great platform for finding different product ideas. It may seem like a social media platform like Pinterest cannot help in developing product ideas. But it is very helpful in finding new products since millions of people are searching and uploading millions of pictures almost in all niches. You can just search your keyword and get thousands of product images to develop an idea from. Contacting your suppliers - If you have traded on Amazon already or you have a product supplier with you, you can get much information on the current trends in your niche. He will provide details about the movement of specific goods and products in that niche. This may help you in developing a product idea that actually sells. Spying on Competitors – Although it sounds like illegal activity, it is legal in terms of an online marketplace. You can look at the strategies used by your competitors; the keywords used by them; their customer service; and many more. You should not try to copy the exact strategies of your competitors since you may not have the same reach and capabilities of your giant competitors. Lookout for bestselling products on eBay – You can get product ideas by looking at the trending products on other e-commerce sites like eBay. 3. Automated methods of Product Research This includes the same processes of keyword research, competitor analysis, monthly search volume calculation, etc. But all the processes are automated using various free and paid tools available online. An example of automated product research is the use of Google trends. It helps to notify you of all the recent trends in the market along with various numbers and statistics. 4. Popular and profitable products on Amazon Some products are there known as evergreen products that will definitely make more money. These are the products with low cost of production; high demand; and high-profit margin. Some of these evergreen products are listed below. Books – Books are always a great product to sell online. Since the online market place is like an open library and the product is delivered directly to the residence of the customer, books are always high on sales. You can easily get books in bulk from any publishers and sell them online at your own price with a profit margin. Accessories and apparels – Although this category is oversaturated with millions of sellers providing the same cosmetics; jewelry; clothes; and accessories, this niche is always evergreen. It is because of the everlasting need for apparel and accessories in modern society. Toys and Games – Surprisingly, this niche is also one of the bestselling categories in the whole market place. Baby products and toys for both children as well as adults are another evergreen choice to be successful. Electronics – Although it is an evergreen niche, only authorized brands will dominate this niche. Read Also: Beginners Guide: How You Can Grow Your Biz With Amazon Your Review of Amazon’s FBA Wholesale Marketing Course

How to Deal With Debt By Doing Business Marketing Smartly?