The 4 Essential Marketing Strategies To Help Boost Any Small Business’s Revenue

Published on: 15 December 2021 Last Updated on: 11 September 2024

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 Targeting Option is Best for Influencing Consideration?

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

What to Know About Location-Based Data

For businesses in any industry and of any size, location-based data and the use of a location analysis tool can take your marketing to the next level. Location-based marketing means that you’re targeting your audience based on where they are at a current moment, or maybe where they’ve recently been. For example, you could target an audience that had recently been to a local car repair shop, or maybe you’re using zip codes to target people. Location data can provide a lot of information about what a person does on a daily basis. This could include their shopping habits, where they prefer to eat, and it can even provide information about how they go from looking at a product online to buying it in a store. The use of location-based data means that you can personalize your products or services and be more targeted and efficient with your marketing. The following are some of the big things to know. The Basics Location data is typically a reference to the specific geographic position of a smartphone or another device, or a building. There are coordinates that are expressed as Latitude and Longitude, and these are the geographic positions themselves. As far as marketing, GPS data is what’s most commonly being talked about. GPS provides coordinates gathered by a device. There’s another term to be aware of here too, which is a Software Development Kit or SDK. SDK codes are used by app developers. These codes then tell the app once it’s installed on someone’s device to collect location data from that device. The codes that are installed in an app do require that the user give explicit permission for the collection of location data. The SDK method gives deep insight into the habits of users, but the opt-in element is important. Usually, the opt-in is obtained when a user first interacts with an app after downloading it. In some cases, an SDK can only work when the app is open, and others can run in the background. Legality Location data doesn’t record someone’s identity or any information that could personally identify them. Businesses small and large throughout the world do use location data. There are regulations and legal compliance issues to be aware of, though. For example, data privacy laws dictate how businesses can collect and utilize some customer data. A data collector has to get the specific consent of someone to use, store, manage or share their data. You also have to provide them the opportunity to opt-out any time. Strategies For Location-Based Marketing There are a lot of ways that you can use location-based data in your marketing. Examples include: Geofencing: This is a concept where location data is collected in real-time. With this approach, there’s the creation of a virtual perimeter around a certain location. Then, you’re either gathering data within that or targeting. You can use it for proximity marketing. For example, if someone with your app enters an area within your perimeter, then they might get a push notification letting them know of a sale or event. Geotargeting: This is about delivering ads to people in a particular location, but it’s different from geofencing in that it can use previous location data paired with specific attributes of the audience. It might, for example, use location along with interest or behavioral data. This gives the opportunity for segmented and tailored marketing. Conquesting: This location-driven marketing approach is about reaching your competitor’s customers. For example, you’re using collected data to reach an audience when they are visiting the location of your competitor. What Types of Businesses Are a Good Fit for Location-Driven Marketing? There are broadly a few types of businesses that might find location marketing is a good fit for them. First, if you have retail locations, it can be a good idea to explore the collection of location data. This can include shops, restaurants, or car dealerships. If you’re a business that has special events or seasonal events, you might consider it. This could include event venues, sporting businesses, and businesses in travel or hospitality. eCommerce brands might use location marketing to find shoppers that go to brick-and-mortar competitors. Niche industries such as transportation and real estate as well as education can benefit from location marketing. Location data is really the biggest thing right now in terms of understanding customer behavior and the full customer journey and filling in gaps in that journey or perhaps the gaps between online and offline behavior. Read Also: Crucial Role of Content Marketing in Local Business Tips on Doing Search Engine Marketing (SEM) for Businesses 5 Marketing Tips to Help Grow Your Business on Instagram

The Importance of Packaging Design in Small Business Success

As you strive to take your small business idea and make it into a reality, there will be various ways to set yourself up for success. From the creation of your product to the building of your team, there are different parts to a brand, making it for the long haul. Something to pay attention to when striving for success is the importance of packaging design. Here are a few reasons why: 1. To Make It Through Shipping When you have products that need to be shipped, packaging is really important, as you have to think about how it will arrive to the consumer. From testing ASTM F1980 to making sure it can stand the environment in shipping to materials that keep the product safe during handling, there are various components of safe shipping to pay attention to. Firstly, you’ll want to find appropriate shipping and packaging practices for the kind of products that you’ll be selling so that you can always be sure that they’ll arrive intact. 2. Aesthetics, of Course Another way that packaging design is key to your brand’s success is how it can be the perfect first impression of your business. When a product arrives at the consumer’s home or office, the first thing they’ll see is the packaging itself. This is why careful planning and even brand strategizing should go into your packaging design. The aesthetics matter more than you’d realize when it comes to putting your best foot forward in your packaging, so hire a professional to help you design the perfect product protection. 3. Sustainable Materials Something else to consider when designing your product’s packaging is that customers are looking for sustainable brands to do business with. So, as you get going with your product’s packaging design, think about what materials can work both for your product’s protection but also for the environment. The good news is that there are a lot of great sustainable packaging brands to choose from in today’s eco-conscious world, so keep this in mind as you seek the best practices for your product’s packaging 4. A Unique Way to Advertise Something else to consider as you come up with the best packaging options for your product is that your packaging can be the perfect way to advertise. Have you ever thought about how many people may see your product in one day? From the people who are delivering your product to the individuals who pass by it as it sits at a neighbour’s door, there are numerous eyes on a package, making it the perfect “billboard” space for your advertising. Why stress about getting a billboard when a package can help get your product sold just as well? From a funny quip to clear brand messaging, there are several ways to use the canvas space on a package for better marketing practices. 5. To Set Your Brand Apart As you strive to stand out from competitors, know that sustainable practices and smart messaging can help your brand stand out from the rest. It may take more planning than simply picking out products from a packaging supplier, but you can trust that consumers do sit up and take notice of the packaging. What that means is that if you want your brand to stand out as you build up your small business, don’t ignore the importance of your packaging when looking for ways to stand out from your competition. It can make a bigger impact on your target demographic than you’d imagine. 6. Good Packing Design Builds Brand Awareness It is very important to have original and recognizable packaging that will only enhance brand recognition and awareness and generate more revenue for the brand. Unique packaging creates an identity for the brand that goes a long way, like the powder blue box of Tiffany & Co. They make a lasting impact on the minds of the consumers, creating a strong recall factor. The main goal of good packing is to make the consumers think of your brand and product only by looking at the packing. And if the packaging is attractive and good, then sharing it along with the product on social media increases. This increases the brand value all over social media as well. 7. A Good Packing Design Differentiates You From the Competition Packaging is the first thing that consumers remember when they think about a brand. Such as, when you think of Victoria’s Secret, the pink bags come to mind same goes for Tiffany & Co.; the light blue box is the first thing that comes to mind. So it is important that when you are designing, the packages should be done keeping in mind the target audience of the brand. Whether they can relate to the packaging and find it good and relatable to their aesthetic or not. Guidelines to Keep in Mind Before Designing a Product Packaging There are certain things that you need to keep in mind before you start designing the packages for your brand. So follow these guidelines to know all about them. Your Audience: You need to understand the preferences, interests, and expectations of your target audience that way, your brand's brand loyalty and awareness increase by a lot. Your Brand: Your packaging must display your brand's style and personality so that your customers can identify and recall your products at first glance. If your brand is modern and sleek, a lot of people will notice it and remember it. How to protect your product: You should also think about how and from what you need to protect your product so your customers will receive it in its best condition. Some products require a material that keeps moisture and oxygen out, so using a metalized, foil or transparent barrier is necessary. Wrapping Up! Are you striving to set your brand apart from the rest or to make an impact with advertising? Turn to your packaging to achieve the goals that you have in mind. It’s more important than many businesses realize. Read More: Streamlining Your Operations: The Benefits Of Partnering With Fulfilment Companies Unpacking The Importance Of Quality Assurance In Customer Satisfaction Motivational Tips to Kick-Start Your Packing Process for the House Move

Never Launch An E-commerce Platform Without Testing – Here Is Why

In simple words, without sounding too nerdy, let us try to look at what performance testing is. Performance Testing is the process of rigorously testing all the tech and digital components of an E-commerce business. This includes the desktop version of the platform and mobile app testing. The key is to look at and analyze how the entire tech and digital ecosystem operates. Especially when exposed to real-world use. Imagine hundreds of people using the E-commerce platform app at the same time. The questions that then arise are- Is the server able to handle the heavy load of all the traffic using the mobile app at the same time? Is there a lag or breakdown that any of the users are experiencing or is there a UI and UX compromise under stress? What are some of the benchmarks and standards that one should use to judge speed and whether the platform is exposing some bottlenecks? Performance Testing is more than just looking at loading page speeds. It seeks to test each aspect of the E-commerce platform and suggest the perfect optimization for the same. Important Things To Consider During Performance Testing For E-commerce: In this section, we request experts at QA Madness to help us. Specifically, to list some important things that should be considered during performance testing. 1. Testing Financial Transactions One area where things can go wrong is in financial transactions. With so many people using the same platform at the same time, testing becomes necessary. You need to test to ensure that every transaction is going through. Integrations with Payment Gateways, the ERP, and Inventory Management Software are all areas that should be covered under this software testing services. 2. Checking The Mobile App Exhaustively Mobile app testing perhaps constitutes one of the most important verticals for Performance Testing. How does the app perform? Is it SEO friendly? Is there a compromise in the graphics? These are the common issues that mobile app testing will help resolve. In addition to the app, the mobile version of the E-commerce platform’s website also needs to be tested rigorously. 3. Region-Based Testing For Different Geographies- If you are starting an e-commerce business, you are looking at a truly global audience. This is why you need to make sure that the internet protocols of the different countries are not interfering with how the customers in those countries are engaging with your platform. Changed domain URLs, IP addresses, and other rules and regulations need to be considered. 4. Data Management Testing Any successful E-commerce ecosystem is incomplete without integrated data management. For an E-commerce platform, data is the lifeblood that helps all its verticals- marketing, sales, and CRM. Performance Testing needs to ensure that the data collection, cloud storage solutions, and the final outputs are ready for systematic generation. The Three KPIs Of Performance Testing As Stated By QA Madness- While there can be multiple KPIs that software testing services can help E-commerce brands with, QA Madness states that the following are the three major ones. They refer to the same as the three ‘S’s of their Performance Testing goals. A. Speed When it comes to speed, we are referring to the speed of the website, the mobile version of the web, and the mobile application. It also includes the speed with which users are progressing from one page to another on the app and the website. The higher the speed, the better will be the user experience. This combines to deliver the best sales and revenues for an E-commerce platform. B. Scalability You do not want your website and app infrastructure to be so weak that it crashes only after a hundred visitors. You're E-commerce website and the app must go under a test for scalability to handle massive loads all at the same time. This will help you provide a fluid experience to millions of users and potential customers all at the same time without compromises. C. Stability A lot can go wrong on an E-commerce website when it is put under stress. Graphics can fall out of place and payment gateways can collapse. You never want the users to experience these problems on your platform. An E-commerce platform needs to be stable all the time, with or without load. Performance Testing seeks to build the stability of an E-commerce platform. What Do Experts Have To Say? There is no set rule as to when an E-commerce platform should go for Performance Testing. Some believe that it should be done at the early stages of development. Others believe that it should be done once the development of the platform is complete to identify the loopholes and then plug them in accordingly. No matter when you get them done, Performance Testing is essential for your E-commerce platform. If you want to create a highly optimized and result-oriented business, this is a great investment to make. If you have any other questions on software testing services or mobile app testing, feel free to ask them. Use the comments section to drop your queries. We will once again request or reach out to our friends at QA Madness to help you out. What Happens With A Lack Of Thorough Test? Not performing performance testing for an E-commerce platform can get you in a lot of trouble. Your site is live; suddenly, hundreds or thousands of people have started using it! What could possibly go wrong?- Well, without performance testing, things will go downhill really quickly. So, let’s see what could happen when not to perform performance testing. Crashes And Slowdowns If your E-commerce platform hasn’t been tested for scalability, it could easily crash when too many users try to access it. A slow website or app not only frustrates users but also drives them away. No one likes waiting for pages to load, especially when they’re trying to make a purchase. The result? A major drop in sales and a tarnished reputation. Failed Transactions Think of users wanting to purchase an item and their transactions fail. Users will not be ready to trust your platform anymore. This is why performance testing is important as it ensures that all financial transactions are smooth on your site even when there is heavy traffic. Poor User Experience Have you ever been on an app or website that lags, has images that don’t fit, or feels unresponsive? It’s not fun. The UI/UX of your platform can feel the same way without performance testing. This gives a very unprofessional impression and will make people leave your site out of frustration (high bounce rate). Increased Costs Skipping testing might appear to be a good way to keep some money in your pocket, however it will actually cost you more in the end. If your site crashes during a big sale or promotion, the time and expense of getting those issues fixed after the fact will likely be substantial. Plus, if your site is down for any longer period of time, you’ll be losing out on all that potential income. Safety Not Guaranteed! No matter what app you’re building, you’re likely going to be handling some sort of user data. Whether it’s a login and password or more sensitive financial or health information, users need to know they can trust you with that data. What About The User's Interest Finally, one of the most significant risks is losing users’ trust. If your platform crashes, slows down, or declines a transaction, for instance, and that happens to some users, they will probably never come back. Even if you fix everything afterward! When people’s trust is broken, it’s very hard to be rebuilt! Read also: The Right B2B E-Commerce Platforms to Sell Your Used Machinery Approaches for Increasing E-commerce Sales Through Inventory Reports 5 Reasons to Use Magento for Your Next Ecommerce Website

The 4 Essential Marketing Strategies To Help Boost Any Small Business’s Revenue

1. Writing and Posting Tailor-Made Company Content

2. Expanding Advertising Across Numerous Digital Channels

3. Crafting Highly Creative and Strategic Print Advertisements

4. Boosting Word-of-Mouth Advertising Among Longtime and Loyal Customers

Which Targeting Option is Best for Influencing Consideration?

Should You Consider Outsourcing Your Brand’s Marketing Campaign?

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.

Leave a Reply

Popular

Technologies For Creating A Startup Idea

How to Download Facebook Videos on Android?

7 Rules of Effective Ecommerce Web Design

Why Are Online Transactions Convenient?

Follow Us

Recent

Aging With Purpose: Finding Meaning In The Next Chapter Of Life

The Role Of Repetition In Building A Memorable Brand

Is Redeepseek Com Threatning All The Existing AI Tools And Platforms? Read On To Find Out!

Your Guide To Becoming A Caregiver Online: Steps To Start Your Journey

Related

What to Know About Location-Based Data

The Importance of Packaging Design in Small Business Success

Never Launch An E-commerce Platform Without Testing – Here Is Why

The 4 Essential Marketing Strategies To Help Boost Any Small Business’s Revenue

1. Writing and Posting Tailor-Made Company Content

2. Expanding Advertising Across Numerous Digital Channels

3. Crafting Highly Creative and Strategic Print Advertisements

4. Boosting Word-of-Mouth Advertising Among Longtime and Loyal Customers

Share this Article

Which Targeting Option is Best for Influencing Consideration?

Should You Consider Outsourcing Your Brand’s Marketing Campaign?

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.

Leave a Reply

Popular

Follow Us

Recent

Related