Published on: 22 March 2019
Last Updated on: 30 May 2019
Marketing is vital to every company’s success. Without the correct marketing strategies employed, no one will know about your business. Even if you have high-quality products, no one will care about them since they do not know that your business exists in the first place. It is true especially for small companies that are yet to create a name in the industry.
Allotting money for marketing plans could boost your success. Make sure though that you spend it wisely; otherwise, you will be wasting the opportunity to advertise.
You started marketing without a strategy:
Not all marketing strategies work. Some of them are expensive, but you do not see the results. Others are free, but the tactic could attract a lot of people. The marketing plan is a long process that begins by researching the people that you are targeting. You need to know what they want and what advertising strategy appeals to them. For instance, if you decide to release a video ad online, it needs to be short and concise. Within that short time, you can capture attention if you have a strategy; otherwise, no one will watch it.
You are not spending enough money:
If you think of using a portion of your budget for marketing, you need to go all-in; otherwise, you are wasting the opportunity. Some marketing strategies are expensive and require you to invest a lot. However, you also build your company’s name in the process. For instance, if you want media coverage in a massive event that is going to happen in your area, you need to spend money to be a major sponsor. If you are going to release a TV commercial, you need to spend money on quality production. You still need to be smart in determining how much to spend, but you cannot keep reducing the budget.
You expect quick results:
The problem when some people spend money on advertising is that they expect results right away. It does not work that way. When you advertise, you need to wait for a while before you see things go in the right direction. The reason why it is essential is that some people decide to give up and stop spending when the advertising efforts are still going on. Once you choose to use an advertising strategy, you cannot abandon it in the middle of the process just because you think it is not working.
You are spending everything on one strategy:
It would be a disaster if you invested all your money in one marketing effort, and it failed. Diversifying your tactics will help a lot. If you think that online marketing works, you can invest in it. However, you cannot assume that it will be successful. As such, it also helps if you spend money in other areas like the use of conventional marketing methods. You can try garment t-shirt printing since it is a proven technique that many businesses still use. You may also start giving out flyers and posters.
Be careful in using your money for marketing and make sure you are investing it in the right way.
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Getting endorsers for your event is a great way to increase earnings, but event sponsorship provides you with more than just money. In your marketing strategies, you may sell your event to a wider audience and draw into your promoter's connections to attract event-goers you might otherwise overlook if you have the proper sponsors on board.
The endorsement also provides a significant return on investment for event sponsors. Inform potential partners that this is a great opportunity to increase their exposure and generate new leads. By designing distinct sponsorship packages, you may even provide each sponsor one-of-a-kind opportunities.
Continue reading to learn four marketing strategies for ensuring that your endorsers get the most out of your collaboration.
1. Sponsorships should be Highlighted in Advertising Material
Sponsors should be acknowledged in all of your advertising material, both electronic and print. Contemplate including your donors in your event banner on Eventbrite or in social media graphics. Using a free and simple online editor, you can create a bespoke event banner with intriguing graphics, logos from your sponsorships, and event details.
Let’s say your sponsors are flexible packaging manufacturers in the UK, you need to ensure that you include them in every advertising item of your event. Creating a good awareness for them will not only help them boost their sales through your readership but also offer you an opportunity to meet more sponsors through their referrals.
Because your endorser's monetary contribution assists you in planning and executing your event, you should express your appreciation as the creator. Whenever you make your endorsers more visible, you're reaffirming the value of your collaboration, which aids in the development of a creator-sponsor connection that could go beyond your present event.
So, as you make advertising banners for the event, be sure to include your sponsors in the advert. It’s a simple way to show gratitude. In addition, for your backdrop screen, you should also showcase your sponsors as well.
2. Use Digital Platforms to Cross-Promotion
Marketing your endorsed event has never been simpler gratitude to social media and everyone benefits. Cross-promotion on media platforms helps you to promote both the event and the products or services of your endorsers at the same time. This could happen prior to, during, or even after your event. Spend some time talking with your sponsor about how you can create a meaningful and reciprocally beneficial social media campaign.
To get your marketing strategies to be fruitful just right off the bat, make sure you're making the most of social media so you can stand out in a swarm of posts. To broaden the reach of your event, make sure your postings are posted on both your and your endorser's pages. Select a hashtag for the event that you and your endorsers can use across all of your social media platforms. To generate awareness, hold a tournament or give away a couple of tickets to the event in advance.
3. At the Event, Make a Point of Mentioning Your Endorsers
Your event's sponsorship mustn't have to be a behind-the-scenes participant. You can also use their logo, products, and services to enhance your event. During their digital events, Sephora does an excellent job of presenting brand sponsors. Attendees may learn how to improve their skincare routine or create a glam beauty appearance by tuning in to Sephora's webinars, but they can also learn about items from the event's endorsers.
Another way to promote sponsorship is to provide gift bags or sponsor items. If your endorsers have free samples to give away, put them in a goodie bag and give them out or mail them to attendees. Set up a booth at in-person events where attendees may get branded things from your endorsers. You might also think of virtual gifts, such as discount codes from endorsers.
4. Connect the Sponsorship with a Well-Known Name in the Industry
Examine how you can connect sponsorships and highlighted speakers by holding an event featuring an expert or well-known figure in the field.
If you involve your sponsors early in the planning process, they may be able to assist you in finding a high-quality presenter. They most likely already have connections with industry experts or influencers that can bring value to your event while also promoting your business.
5. Have an After Event Meeting With the Sponsors
Now that you have had your event and it has succeeded as planned, you need to set up another meeting with your sponsors. This meeting should be done in a week or so after the event(preferably) so that you can give a status report for your event.
You also need to inform the sponsors how their products performed, in response to the free samples that were offered to the customers. Give them both the positive and the negative reviews so that they can improve on any areas of weaknesses. You can use a poll system to gather this information for them.
6. Give an After-Event Gratitude Vote
Now, as implementing perfect marketing strategies, this is an important section of the whole endorsement. While it is well known to your sponsors that you are grateful, you need to post to your readership how the event was and thank your sponsors for their contribution.
The Bottom Line
Finally, ensuring that the rewards of being an endorser for an event are evident is the most essential part of maintaining endorsers happy. With the implementation of proper marketing strategies, you'll be much more capable of finding endorsers willing to work with you and more individuals interested in your next event if you do it this way. Best of luck!
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Marketing is an integral part of any business. It is the bridge that connects consumers to products. You want consumers to purchase from you and trust your company as a business owner. So, you can undermine the value of good publicity for your company.
Globally, companies are willing to spend trillions of dollars to work on their marketing plan, including working on witty commercials, socially aware campaigns, and even constructing a user-friendly website convenient for consumers. Therefore, digitalization in marketing is no less than an asset for any flourishing business.
This digitization brings profitability and visibility and helps your business grow in exchange for minimal effort. But the perks of going online don’t end here. Buckle up and learn more about the advantages digitalization in marketing has brought.
5 Noticeable Benefits of Digitalization in Marketing
1. Accessible Digital Tools
There was a time when putting up an advertisement was tedious. You had to make several stops along the way to find a reliable advertising company, think of a catchy billboard sign, and negotiate a price.
This task was also risky since you get one shot to run a proper advertisement in exchange for a handsome price. In addition, if your commercial contained a mistake or a typing error, it would cost an additional fee to get that corrected.
However, in the age of digitization, you no longer have to deal with this to spread the word about your business. Platforms like the DigitalSupermarket have all the digitalization in marketing packages you need to create and manage great online advertisements.
So whether you’re looking for ways to upgrade your SEO, build your content, or need a nifty tool to make your company popular in social spaces, you can find them here. By browsing through the different prices, you can match with a platform that goes nicely with your budget and get to work right away.
2. Saves You Money
As a business, you want to save every penny running your business. That is because maintaining a company is expensive. To have a flexible budget, you need some cash in hand. Therefore by relying on types of digital marketing, you get an opportunity to save money by choosing cost-effective ads.
For instance, while opting for a pay-per-click advertisement, you can choose from spending less than $500 or staying within $1,000 to determine the number of ads you need and how frequently they should target consumers.
Alternatively, social media marketing also offers minimal costs. You may need to spend a small amount to use applications to schedule your posts online and create a social media campaign, but you don’t need to break the bank.
By going on Twitter, Facebook, or Instagram, you can quickly post content about your company and display products by going on Instagram live or Twitter to tweet more about your business by sharing relatable hashtags.
Saving money allows you to spread your wings, continue posting quality content, and use your money to work on other projects. So now you’re no longer obliged to spend thousands of dollars to make your company visible and expand.
Related guide: Importance of Storytelling in Social Media Marketing
3. Let’s You Cultivate Consumer Trust
A customer trusts any company based on two factors. One is that the business produces quality goods, and two, the company makes an effort to connect with them.
Your culturally sensitive ads will work only for a short time if you only produce conventional ads but don’t bother keeping in touch with your consumers. You need to make customers feel important and feel as if they’re essential to your business.
Therefore, through marketing techniques like personalized emails and introducing loyalty points, you can build an understanding with your client.
Digital marketing analysis also allows you to check on your consumer’s habits, so when you’re curating an email for them, you know what their favorite products are and reference them in the mail. This makes the email relatable and shows the customer how much you care about their choices instead of sending a generic happy holiday greeting card.
Try to put consumers with similar purchasing habits into one subscriber list to generate leads and offer the same seasonal discounts. Loyalty cards are another great way to ensure you’re keeping tabs on your clients.
By asking your consumer base to subscribe to your business and provide their details, you can create unique digital cards which redeem loyalty points. With every purchase, a consumer gets points which should give them access to gifts, free samples, and deals encouraging them to buy from you more.
4. Allows You To Compete On A Wide Scale
Whether you’re a small business or a large booming industry, you can compete with anyone, anytime, by using digital marketing. Online spaces work differently.
To gain an edge over your competitor, you need to know how to make content, build SEO, make sure your website is easy to follow, and follow hot trends. These include creating a tik to video or donating to social causes.
When you’re online, the size of your office, number of employees, and duration of your business are meaningless. It all falls to where you rank on the search engine results, the consumers you attract, and how smart you are in utilizing keywords in your content.
Once you manage your business online, you can quickly build a reputation and even earn a high net worth. Therefore, get used to digital marketing if you’re trying to make a name for yourself without going overboard with spending an exuberant amount.
Related guide: What Is The Future Of Digital Marketing In Regards To Shaping Up Small And Large Businesses?
5. Your Progress Is Measurable
Tracking how well you did with your marketing campaign is imperative since you want to know whether you got a high turnover rate or not. Unlike traditional billboards, where you can’t track the number of views, digital marketing comes with metrics.
Tools like google analytics provide you with an optimal breakdown of your marketing tactic. For example, you can see the number of comments, likes, shares, and even purchases your business got. This can help you make a graph and deduce what marketing tactics benefit you every year and what month always gets you new leads.
For instance, you may notice that your products sell well during the holidays, and your social media posts also get shared more around the same time. So you can study what aspects of your campaign spoke to consumers around that period.
As a result, you will have a better idea of what you need to do for your company. When you learn about the return on investment your campaigns generated, it helps you map out new plans, work on your SEO, and discard methods that don’t yield results, saving you more money. You flourish when you’re no longer in the dark about how well you’re doing as a business.
Final Thoughts
Digitalization in marketing has taken the world of business by storm. It has brought benefits that traditional marketing can no longer compete with. By going online, you can find your consumers, get their trust, become visible, get ahead of your competition with no fear and ultimately gauge where your business stands.
There is nothing better than enabling your organization to find a stable footing in the marketing sector as a business owner. In addition, digitalization in marketing also pulls back costs. It helps you design a budget that prevents your company funds from getting drained. So instead of spending thousands of dollars on marketing with a few hundred bucks or at most less than $5,000, you have a strong campaign ready for launch.
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Every marketer would tell you that there are reasons why text marketing continues to become a mainstay in marketing agencies.
In fact, both conventional and modern companies highly rely on their efficacy when it comes to reaching out to their target audience. Because when you think about it, every person checks their text message inbox every time they receive a ping.
Leveraging communication strategies like an effective SMS marketing campaign allows you to grow your brand more, target more audiences, and even build closer relationships with prospects.
There are a lot of things that SMS marketing can help you with in terms of achieving business goals. But before you partake in this marketing tactic, it’s important to understand the concept behind this marketing practice. Use this guide to make successful SMS marketing campaigns.
What Is SMS Marketing?
It’s crucial to understand first the concept behind this old but gold marketing strategy. SMS marketing refers to a short message service you send to your customers to build relationships with them. It’s important for text marketers to communicate with their target audiences in a respectful and compliant manner.
No matter what your business goals are, SMS marketing puts you one step ahead of achieving them. For instance, you can drive more leads, introduce new products, lead them to check your website, and so on. The ideas that you can do with this marketing method are limitless.
Compared to email or push notification marketing, SMS marketing has several advantages. For instance, every person who receives an incoming message in their phone inbox will surely take the time to check and read them one by one.
While some people might check their emails at least once a day regarding text message inboxes, people often check them as soon as they receive a message.
Your message can be concise and clear with SMS marketing. There’s no need for lengthy advertising messages. With brief sentences that can take up less than 160 characters of the SMS limit, you can already deliver what you want to say to your prospects.
Choosing The Right SMS Marketing Tool
Now, it’s time to understand the tool to use for this marketing strategy. With the advent of technology, there is now text marketing software at your disposal. For one, you can take advantage of Drop Cowboy Ringless Voicemail service and some other brands that offer reliable text messaging as marketing services.
Text message delivery depends on the tools and services you choose. Such software comes with pricing plans that fit your marketing budget and goals. Unlike any other conventional marketing promotions like print ads, TV ads, and billboards, this marketing campaign is priced reasonably better. Also, consider partnering with the best SMS marketing service provider to automate your text messages to your target recipients.
How To Maximize On SMS Marketing Campaigns
As mentioned, a high percentage of people open text messages every time they receive one. By sending promotional messages via SMS, you ensure your customers will read them because they will arrive directly in their inboxes.
Check out these ideas in which you can maximize your SMS marketing campaigns.
1. Limited-Time Promotions
You can use an SMS marketing strategy to encourage your customers to avail of coupons and discounts or even redeem incentives or gifts. Offering these incentives for a limited time makes them even more effective.
Announcing that the campaign only runs on a promo period is an effective call-to-action strategy so your customers won’t miss out on such opportunities. It’s one effective strategy to get your business to high ranks.
Considering SMS marketing's high open rate, it’s the most effective way to communicate time-sensitive offers with customers. As a result, you ensure your customers don't pass up a good deal. This yield win-win situations for both the customers and your brand. They get discounted rates, and you could convert your sales funnel more effectively.
2. Reminding Customers
One good purpose for SMS marketing is when you could send notifications regarding the recent actions of your customers.
For instance, whether they checked your website, changed passwords, or linked different payment modes, an SMS notification will be sent to inform them that the activity is successful. Sending notification messages is essential for many businesses, and they’ve realized how effective it is in retaining customers.
By relaying notifications about their recent purchase or online activities, the customers will grow their trust in your brand. It could lead to continuous patronage. Also, they will feel at ease by getting reminders of how your brand is already dealing with their orders or purchases. Receiving reminders is valuable, especially for customers who are always busy with other things and obligations.
Make sure your brand is always at the top of your customer's minds. It’s a job that SMS is best suited for. With SMS marketing, you can remind your customers about everything from their most recently liked products to the purchased ones that are going to arrive soon.
3. Order Updates And Confirmation
An SMS is also useful for customers to receive updates regarding their orders. Once they make a purchase, a message will be sent regarding the successful transaction. It ensures peace of mind for the customer.
Also, the confirmation messages sent via SMS will allow them to use them as proof or evidence regarding their purchase. If products don’t arrive as planned, they can refer to the SMS notification.
4. New Product Release And Launches
SMS advertising is also useful for announcing new product releases. It’s the most cost-effective way for marketers to advertise new product launching. Without paying for the expensive talents of celebrities to promote new products, a large number of users will discover your new product offering through the message they can read in their SMS inbox.
Using this method will generate buzz and interest, and you could even entice old customers to come back and check out what's new. You can also use SMS campaigns to drive traffic to your website or storefront. Thus, you can simply include a link they can visit to check your new product or any offers.
5. Send Welcome Messages
Send your customer a welcome message once they subscribe to your SMS marketing campaign. Companies must start building relationships with their customers. As a result, you will be able to communicate with them right away, as they will know they have been subscribed.
It also alerts them to expect a few messages from your end every now and then. There’s no need for lengthy or complex welcome messages. Sometimes short but sweet thank you message about their subscription are already enough for your customers to remember your business.
6. Customer Service Tool
SMS is not limited to being a marketing tool; it’s also a customer support tool. In this era where customer service should be at the forefront of any business, SMS strategy can be used to ensure customer satisfaction.
It’s imperative that your work processes are as transparent as possible, and you can achieve this by constantly sending them SMS in case necessary. After all, a text message is the easiest way to communicate with pre-sale customers and post-sale tech support.
7. Collect Customer Feedback
It’s essential for businesses to receive customer feedback to determine what they are doing well and what they need to improve. And it’s something that’s being offered with SMS marketing. You can send out surveys through SMS, and customers can answer them timely and convenient.
There are many ways to create survey forms for them to easily fill out. The key is to attach the link to your SMS. Another option is to ask customers to rate you using a ranking system that’s easy for them to use.
8. Announce VIP Programs
By offering a VIP program, you can encourage loyalty among your subscribers and customers. If you want to make your VIP customers feel special, offer them VIP-only discounts. This sense of exclusivity allows your customers to treat your brand with more respect and value.
Also, use this program for customers to gain early access to sales and other promotions. One way for them to qualify for your VIP list is to encourage them to fill out a signup link. However, since it’s VIP, make it seems more challenging for them to enter this list. The harder it feels to qualify, the more special and valued they would feel.
Tips To Apply Effective SMS Marketing Strategies
Applying SMS marketing strategies require effective implementations. When done right, they can produce the best outcomes for your business. Here are some tips to apply effective SMS marketing strategies for your brand:
1. Ensure That Your Customers Opted In
Your customers probably already provide you with their phone numbers. However, one common courtesy is to get their approval to start receiving SMS from your brand. Mass texting them without their consent is ethically wrong and will only lead to adverse effects on the customer. Ensure to get your customer’s clear opt-in before starting to send out text message campaigns.
Your website or other online channels can allow customers to opt-in to receive text messages. However, you should get a text confirmation before you send them anything. There are ways to get their opt-in consent. One is to make them reply Yes or No to your single SMS regarding SMS subscription. Another way is through your website.
They can press a CTA button regarding their receiving SMS messages from your brand. When the user clicks the link in the offer, they can fill out the subscription form and enter their number so they can start receiving your SMS campaigns.
2. Take Time To Introduce Yourself
A good practice is to take the time to introduce your brand in any of your SMS campaigns. Chances are your customers don’t know where the messages are coming from. Failing to include your company name or brand name on the message will only forfeit its purpose. Hence, it’s important to include your company or brand name in that short message that you’re sending.
3. Make Messages Fun And Short
It’s common for people to use SMS messages to communicate with friends and family informally. Texting should remain fun in your SMS campaign in the same way as a fun communication tool between people. Be friendly and personal with customers to build trust.
Use local trending words that are popular with your target audience for the time being. It ensures to catch their interest and make them read your text message completely. The maximum number of characters in an SMS message is 160. With an opt-out option and the need to identify yourself, that's not much to work with. Don't waste any characters, and go straight to the point of what you want to say.
4. Don’t Forget To Use Target Keywords
To encourage users to connect with you, you should select contextually relevant keywords alongside simple messages and shortcodes. Using such keywords will allow them to easily remember anything about your brand or company. If they want to research you online, they can use the same keywords found on your SMS.
5. Give An Option For Customers To Opt Out
All marketing communications should follow these standards and rules. Much like getting their buy-in, you should also give them the option to opt out and unsubscribe from your SMS campaigns. You are more likely to lose customers if you constantly text them when they do not want to hear from you.
Your messages should come with the unsubscribe option, so your customers can freely opt out anytime they want. There are some viable reasons for them to do this. But it doesn’t entirely mean that they won’t be good prospects for you in the future. It’s just that not everyone prefers to get this kind of information via text.
SMS open rates tend to be much higher than those for email, so you should also expect a higher unsubscribe rate. After a message is sent, unsubscribes may spike and treat it as a normal occurrence.
6. Be More Informative Than Promotional
You should be extremely considerate of your buyers' inboxes since promotional SMS messages can easily be turned off. Therefore, staying informative and interactive is best, and not focusing too much on sounding sales or promotional.
A good rule of thumb is to focus most of your communication on order, whether a status update or a request for feedback. Schedule your promotional messages and send them at least only twice a week at a minimum. No one wants to keep receiving promotional messages that are obvious that they want to make money from you.
Conclusion
You can increase engagement with your target audience by using SMS marketing. Keeping your customers' attention is easier if you market to them where they are most active.
Therefore, if your target audience is always in their phone’s SMS inbox, it’s worth considering SMS marketing as part of your marketing mix. Use this guide and wait for results to reflect your bottom line soon.
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