Start-ups are a very exciting and innovative organization. A popular misconception is that start-ups are all run by large venture capital investors, also known as individual investors.
The reality is that start-ups often have very little revenue from marketing. They struggle to communicate what sets them apart from their competitors to their target audience. However, you don’t necessarily need a deep pocket to make an impact. With a little creativity and quick thinking, start-ups can adapt their marketing strategies and tell the world how special they are.
Here are some budget marketing tips to help you differentiate your brand.
Put your brand on their desk
People love a freebie. Use this knowledge to your advantage and offer branded merchandise. This is an opportunity to recall long-term brands and present your product over and over again. Commodity options can be purchased in bulk at a lower price per unit. Examples of popular choices include tote bags, ballpoint pens by IGO, and water bottles.
Learn the value of word-of-mouth recommendations
Word of mouth recommendations are free and a great way to promote your brand Consumers are 92% more likely to trust friends and family over other types of approvals. This type of marketing can be employed both face-to-face and through consistent social media push. Inside the business, make sure everyone remembers your start-up immediately and in common parlance what the business is, who it is for and what it does; This makes it easier to filter this message through other channels for a clean marketing message.
Network, network, network
We all know the well-known phrase “sometimes it’s not what you know, it’s who you know” and it’s just as true in networking circles as it is personal. Look for networking opportunities for your start-ups. If a specific industry-centric group doesn’t exist in your area, research start-up networking groups. You can find them a useful place to meet others and make a strategic list of contacts. If you don’t have a suitable group in your area, set up your own, and promote it using your startup social media pages. For a few bottles of wine, soft drinks and an evening out after work, you can greatly enhance your business profile.
Tear off your own horns
Enter the art award. They are usually free to enter and even if your start-up is unlikely to win or be shortlisted, this is a profile-raising opportunity. If you choose, use it as a marketing strategy. If you don’t make shortlists, you’re still focusing on your start-up with potential high profile judges.
Volunteer to speak and / or attend art or local events. Attending an event or streaming it to anyone promoting your start-up is a way to cement your company’s reputation as a thought leader.
Social media marketing is an important part of the business strategy for most businesses, and it remains a cheap advertising option. Most of the channels that advertise for payments offer the ability to track the ROI as well as hyper-targeting and segmenting the viewers. This means that audiences can be created and developed quickly without too much trial-and-error.
Make sure you’re using social media networks that are relevant to your target audience. This is an opportunity to enhance your brand profile, stay relevant with your audience and gather important customer intelligence.
Instead of investing heavily in marketing in the beginning, it is important that you first determine your budget and purposeful marketing results and then focus on creating quality content for your target market, consistently engaging with your audience on social media and learning from any mistakes with your business. Journey