If you’re not a marketing expert, you need to become one.
You might have the best product or service in the world, but if nobody knows about it, then your startup can’t succeed.
Learn how to use digital marketing techniques like:
- Content marketing
- Affiliate marketing
- Email marketing
- Search engine optimization (SEO)
- Social media marketing (SMM)
- Search engine marketing (SEM)
- Pay-per-click advertising (PPC)
If you’re starting a small business in a local community, you can take advantage of some older and conventional methods such as:
- Print advertising
- Radio advertisements
While these methods can be productive, outbound marketing efforts are not as effective as they used to be.
If you’re stuck in an old-school mindset and can’t adapt to the new trends from the marketing world, you’ll struggle to get your startup off the ground.
For those of you who aren’t efficient marketers, there is no shame in hiring a marketing director or even a marketing team, depending on the size of your company.
Your marketing efforts will be one of the most important, if not the most important, components of launching your startup business.
Allocate a marketing budget.
Determine how you’re going to distribute this money across different channels.
Have a plan and try to maximize your return on investment for each campaign.
The graph displays where companies are having the highest and lowest ROI based on their marketing costs.
Take these numbers into consideration before you spend your entire budget on something like banner ads.
The bottom line... (More)