Starting a business in 2021 is hard. You have to have the right product, shown at the right time, to the right people, and have everything executed properly. Not to mention you have to compete in an ever-growing marketplace. It’s a tough world and you have to have real mental grit to be successful. Startups have a 90% failure rate according to Investopedia.com. One of the main reasons as to why these startups failed was due to poor marketing. We’re going to go over some of the top marketing strategies that will aid your start up, to get you going in the right direction.
1. Make a Marketing Plan
You can’t have successful marketing strategies for a start up business without a marketing plan. This means coming together with metric-driven marketing goals, creating user personas, coming up with a budget that supports how you will achieve these goals, and researching your competitors, for starters.
2. Post on Social Media
Posting on social media is crucial to gaining exposure for your business. Around 2.4 billion people use social media. It’s important for you to be seen and heard, and for people to know who you are. Not to mention this helps reach a younger generation. Make sure you’re posting engaging quality content consistently.
3. Make an Email List
Email marketing can attract customers if done correctly. One way to build a list is by having a subscribe page on your website. Make sure when you send these emails out that they aren’t too advertising based – answer questions, be helpful. Help potential customers solve their problems. For example, you can post guides, infographics, or videos.
4. Don’t be Afraid to Try Some New Marketing Strategies
Don’t be afraid to voice your ideas! If you never try something new you won’t grow as a company. You never know who could benefit from an idea you might have. You don’t have to always stay inside what everyone is comfortable with. Innovations come from questioning the status quo.
5. Use More Than One Channel for Promotion
This builds off of tip #2. Once you have your social media set up, it’s important to diversify your brand. Instagram, Facebook, Twitter, LinkedIn, YouTube, and even TikTok can be a channel for you to connect with your audience. These are amazing tools to get your brand out there. They each hit different audiences and you should change your approach depending on the socials you use, and who your audience is.
6. Know Your Audience
You must find your target audience. Find what age group is going to be interested in your product. What type of topics are they into? Don’t try to be too broad and play to your strengths. Once you’ve identified your target market make sure you cater to them.
7. Create and Maintain a Blog
Blogs are important to driving traffic your brand. They make you a source for information. Did you know that businesses with blogs generate 126% more leads than those who do not have one? Make sure you’re publishing blogs that you know your audience would read. Quality over quantity.
8. Sponsor an Event
Sponsoring events can gain massive exposure for your business. It’s a great way to get the right people looking at your company (investors). All you have to do is pay a fee to the event organizer and then you market your business with marketing materials like signs, stickers, etc. Try and sponsor events that are related to your business. For example, if you sell comic books maybe you can sponsor a comic book convention.
9. Give Away Small Things as a Marketing Strategy
Everybody loves free stuff. What do I mean by free stuff? Stickers, t-shirts, merchandise, or gift cards. These help people have a positive association with your business. It makes your company look very friendly and is great PR.
10. Use Paid Search Advertising
Paid search is a way to purchase focused traffic on popular search engines like Google. They use a system called cost-per-click. Which means you pay when someone types a specific word you have listed in your ad. You only have to pay for when people click on the ad. This can be a great traffic driver to your website.
Marketing Strategies for Start Up Businesses Can Take Many Forms
Don’t fall behind when running your startup business. It’s very competitive out there and if you aren’t doing everything you can to stay ahead of the game you may fall behind your competitors. However, if you follow at least half of these strategies your startup will be headed in the right direction.
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