Effective and low-cost marketing tips every marketer should consider
Many marketers have found themselves in a situation where they are spending a lot of money in advertising and marketing but end up wasting their money. According to Forbes, almost 50% of advertising is wasted. That is a lot of money, considering the fact that companies spend billions of dollars to gain customers. So how do you ensure that your marketing efforts are strategic, practical, and low-cost? Here are some tips you need to consider.
Know your market
It is imperative to have a clear understanding of your market if you are to succeed in online marketing. Before you even start spending on marketing, you need to figure out your market. That invariably entails knowing your product very well. Once you know your product and how it can help solve your clients’ needs, it will be easier to identify your target market. Once you can identify your target audience, it easy to design a winning marketing strategy without even having to hire an expensive marketing agency.
Your advertising decisions should be based on research
No one goes into the battlefield without designing a winning plan. The case is no different when it comes to marketing and advertising. It is essential to come up with a well-researched and well-thought-out marketing plan.
The plan you come up with will help you to determine the best and most effective marketing channels to reach your audiences.
Things like demographics, bounce rate, conversion rate, acquisition, and audience should be familiar to you. It is important to know how each marketing channel will contribute to your overall growth if you want to make a difference and reap big from your efforts.
Networking
Did you know that networking is one of the most effective marketing tools you can use without the need to break the bank? Join a local business community and be an active participant. If they like your brand, they will tell their friends, colleagues, and relatives without even your knowledge.
People are your greatest assets. Do not underrate what they can do for you.
Content marketing
One of the most effective forms of marketing is content marketing. It is not only cheap but a very effective way of building relationships among people who are genuinely interested in your products. Serious marketers and small business owners have a blog. When writing your blog (or using video and/or podcast) try to offer genuine information to your audience.
It shouldn’t always be about advertising your product because you don’t want to come across a salesman who is only interested in selling his/her products.
Leverage social networks
LinkedIn, Facebook, Twitter, and Instagram are all popular networks that you can take advantage of to market your products and services. They can be a great source of traffic if you share interesting stuff.
By creating and sharing great content, you will grow your audience. However, it would be best if you were patient as it can take years before you build a strong following.
Why its important to Record your Conference
One of the things in business I regret seeing is when companies don’t record their conferences. To me this is letting valuable content slip through their hands without any thought of lost opportunities. The fact is that almost every business that hosts a conference or gives a talk is an expert or specialist in some area. This professional expertise communicated at such events is lost forever once spoken and only lives on in the minds of the attendees after the conference. I propose that the best way to capture and distribute this high quality content is through recording a conference into a highly valuable piece of marketing content. Through good videography, you can first capture the conference and through editing you can then successfully seed the most important parts across your various platforms.
Lets look at some differences in providing long form and short form video recording on your site.
Long Form: Conference Recoding for Your Website and YouTube
The best place to host the video that you capture from a conference is on your website. Both YouTube and your website are friendly to long-form content, meaning that if you have long speeches or presentations, people will be able to access, listen and learn. Even though the video will be hosted on YouTube, Vimeo or other Video housing sites, it’s best to embed that same video to your website. Embedding your video on your company site will consolidate not only the videos in one location but gives you the opportunity to cross market other valuable information you might want to provide. Make sure to keep your website up-to-date with fresh content, video is some of the best type to feature. If you have a long video about your conference that is featured on your website, you’ll be able to improve visitor time on your site and reduce bounce rate, which ultimately helps your Analytics and online footprint.
Short Form: Instagram and Facebook
Once you’ve captured a conference, I advise you to edit highlights into manageable bitesize chunks and distribute those videos across your social platforms. Facebook and Instagram put a huge amount of emphasis onto video content. Distill the best content from your conference for instance memorable quotes, memorable scenes, testimonials, key phrases, marketing idea for your next like ask the participants to say “why they came to your conference”, make those ideas into mini videos that capture audience attention on social platforms. This is key to distributing content that gathers traction on social media and increases engagement for your website, your message and hopefully next years conference.
Next Steps:
This is more of a “think outside the box” more then it is a step. Figure out how you want to portray the conference in your videos. Do you want just a wide screen angle of you and the speakers, multiple angles, presentation in the video next to you or possibly a full screen image of the presentation. Remember the main advantage of recording a conference you host is to prove to your audience that you are an authority in the area you speak about. A conference is packed full of valuable content that you should preserve for future usage in a way that will be available for seeing and distribution to the masses.
Malcholm Reese is the Creative Director of MJRvisuals. MJRvisuals is a boutique video production company offering full service conference and live stream production.
MJRvisuals is ignition defined.
4 Costless Inbound Marketing Ideas You Should Try in 2018
Are you just getting started with inbound marketing? Have you been doing inbound marketing for sometimes now? How long do you think it should take one before they start seeing results? If you are getting started with inbound marketing, you will definitely find it very challenging. Many marketers wonder how much it could cost to regularly generate content, improve social media outreach and all aspects of inbound marketing.
The good news is that there are countless ways you can increase your inbound marketing activities without having to break the bank. In other words, the basics are not out of your reach. From writing your own content to utilizing thousands of available website tools to help you reach your potential customers, here are 10 no-cost inbound marketing ideas you can try.
- Create high quality free content
Publishing high quality content remains the key to successful inbound marketing. If you want to attract customers to your website, you must publish high quality, valuable content. Content can be in the form of blog posts, articles, videos, infographics, white papers or tweets, among others.
At the very least, dedicate a few minutes of your time to create well-written content that is relevant and useful to your audience. of course if you are unable to produce the content yourself, you can contract a marketing agency or freelance content producers to help you publish the right content that will not only be right for the search engines but also one that your users will love.
- Create a loyalty program
You can develop a simple strategic partnership with your prospects through loyalty programs. A good example is B2B referral software known as Advocate Hub. This software allows users to build a loyalty program so that the firm can trigger customer enthusiasm and boost referrals of qualified leads.
Loyalty programs are done by incentivizing partners, customers and employees so that they become brand ambassadors of your target audience. Incentives can range from discounts to reward for content created such as guest posts and online reviews and testimonials.
- Use social media networks
Social media networks have become the cornerstone of inbound marketing, thanks to their global outreach. Social media like Facebook, Twitter, Pinterest, Snapchat, LinkedIn and Google++ can be used to promote and share content, products as well as special offers. Social media also allows you to not only interact with your customers, but also create brand loyalty.
Remember to keep track of your social media interactions both on your website and on your social media profiles/fan page.
- Lead nurturing
Lead nurturing is the process of ensuring that your prospects are ready to buy before directing them to your sales team. Sometimes your sales department can waste valuable time and resources on leads that are not qualified. Here are some tips on how to ensure successful lead nurturing:
- Ensure the timing is right: do not rush your prospects such that you start bombarding them with your sales emails soon after they hit the subscribe button or like your page. It is important to take your time to bring them closer to wanting to open their wallets
- Constantly and consistently refine your messaging: know the kind of information your prospect wants to hear based on the data you have collected. By ensuring that you keep giving them the right and relevant information, you will be building rapport and trust with your customers.
- What do you want to give them? State what you want to provide them and what they stand to gain from your offer.
- Videoproduction on demand or VPD can be one of the brightest ideas of 2018. VPD gives you the ability to produce broadcast quality visual imagery for your business. We provide Video Production, Graphic Design and Audio Video services. Instead of being left with the question of how much does it costs, you now can ask the questions when, where, and why. Mjrvisuals invites you Get started today ! Click here to learn more. Video production on demand by Mjrvisuals
Marketing Buzzwords You Should Know
Many marketers think of marketing buzzwords as some over-used, obnoxious industry jargon that means absolutely nothing. But maybe it is time we go back to the basics. Maybe it is time we re-educate ourselves on the true meaning of some marketing terms. So what are the marketing buzzwords we should be focusing on this year?
• Pragmatic TV marketing
It is a fact that most customers don’t wait to watch a TV episode when it first airs on TV, thanks to streaming servers that make it possible to watch shows on-demand at any time that is convenient to the viewers. For instance, if you miss marketing to people who watch “The legend of the Seeker” on ABC, you can still market to those who decide to watch it online on Hulu. Smart marketers are now using the guerrilla approach to reach customers on TV, YouTube, and other streaming channels. Companies Like Media Design Group uses that approach to design individual customer profiles using available data. This is what makes it possible for these kinds of businesses to reach millions of customers through personalized ads systems wherever they are.
• Local Search Marketing
Local search marketing refers to the process of optimizing your content for local search. In other words, you can target the local market by optimizing your digital properties to generate traffic from very specific locations/countries/towns/regions. Thus, it is safe to say Local search marketing is the foundational digital marketing strategy for local businesses. Your local customers can find you based on the information they get from search engines.
• Analytics
Analytics is a fancy word for analysis of data. Whoever you are running some marketing campaigns, it is important to look at the data, analyze it, and make conclusions.
Simply put, analytics is the marketing dashboard to help you track your numbers and find out what areas need improvement.
• Conversions
When a customer takes action such as making a subscription, opting into your marketing list, downloading, purchasing, or sharing your content, we say the customer has converted. Conversions can thus be viewed as some sort of interactions between the customer and your business.
• Influencer marketing
It has been found that nearly 84% of marketers have lined up at least one influencer campaign in the coming year. Influencer marketing involves the process of using influential members of society to market your products and services. For instance, you can find influential users on Social Media who can help deliver your marketing messages. Influential users can significantly influence consumers to trust your brand.
• User-generated content marketing
Smart marketers also understand the power of user-generated marketing. User-generated content is normally content that is generated by the users, and in most cases, it is not solicited or paid for by the company. Many consumers have come to trust user-generated content because it comes from other users who might share vital experiences. In other words, user-generated content seems more authentic because it is not coming from marketing experts. Another advantage of user-generated content is that there are no risks involved in terms of cost if it doesn’t produce the desired results. Mjrvisuals company has its own thoughts, engage your business marketing through video content with video production and design when you need it.
• Referral marketing
Did you know that people are four times more likely to make a purchase if a friend recommends the product or service? Referral marketing can also be called word-of-mouth marketing and utilizes the power of personal recommendations to build trust and bring in new businesses. The key to having referral marketing work is by having loyal customers who are willing to act as your brand ambassador.
Strategic Marketing Tips for 2018
2018 is the year to become more strategic in your marketing efforts. You are going to encounter stiffer competition than before because the population of both online and offline businesses is growing dramatically. As a result, only the most creative, innovative and resilient business will make it. Although you are not going to reinvent the wheel in terms of marketing, it is important to remember these 8 critical marketing tips to help you stay ahead.
1. Strategic alliance
A strategic alliance can be defined as a formal arrangement between two companies. This is used to develop the strengths and meet the business needs of the companies involved. For instance, a graphic design company can partner with a digital marketing company to enhance customer the needs of the customers. This also leads to more sales as a result of cross referrals.
2. Develop apps
Develop an app if your business can benefit from them. For instance, Uber has an app that makes it easy for customers to find a taxi and make reservations. Apps are very useful for the business and the customer.
3. Reach out to influencers
Make a list of key influencers in your local community and target market and send them a discount or free sample for your services. E.g if you own a store that deals with spare parts, you could target garages and send them free samples or offer discounts for your products. Your generosity will get them talking.
4. Video is a powerful new marketing tool
Be proactive in your marketing. Film yourself offering tips, strategies and showing someone how to do something. Make explainer videos about your products and services and share on social media. We create memorable experiences through video. Click here and see how can you engage your company using video as a marketing tool.---> Video Production and Design on Demand
Local Advertising
5. Use local leader newspaper
While you wouldn’t be betting that you will get a return on investment on those little local ads in local newspaper, they could be good for some businesses such as motor vehicles and apartments.
6. In-store signage
Use in-store banners and posters to promote your products and services or announce your value proposition. You could close a lot of sales using this method if you are getting a lot of people who are making inquiries or right in the edge of buying something.
7. Street banners
A small business on a popular highway can use a street banner to market a product. You can attract a lot of attention from people walking on the street and develop a connection with you potential customers.
8. Online Directory Listings
There are many online directories for Australian business to consider. They can also help you to be found in search engines.
Examples of online directories in Australia include:
Directory
White Pages
Sensis
Yellow Pages
True Local
Business Listings
Local
9. Establish processes that are customer friendly
Take a great look at your processes and structures and try to find if there are structures that are too rigid and which can be potential customer service roadblocks and eliminate them. Establish your company as one that is easy to deal with.
Emotional Branding and How to Build a Lasting Memory in Your Customer’s Mind
Emotional branding is defined as the successful attachment of a specific emotion to a brand.
At one of the Business Marketing Association (BMA) conferences in Chicago, Jay Baer asked a room full of roughly 1,000 B2B marketers, “Are you more interesting than my wife?”
Can you think of the people you have had an emotional connection with in your life? How did they impact on your life? Now think about the brands and see the common threats among them.
It is true for brands as it is for people: to break through in modern marketing, small business owners in Australia need to be more interesting and relevant in the moment.
Brands need to connect with people in the way a close friend would—through emotion—in order to build, long-lasting, and quality relationships. There are huge opportunities for retail stores to take advantage of emotional branding.
According to one research, smell is powerful when it comes to persuading someone to buy a product. Stores using certain scents in their stores have been found to have a 30% increase in sales.
A study by University of Wollongong and Murdoch University in 2012, emotional branding is becoming widely used globally. According to Dr Steve Bellman of Murdoch University’s Audience Labs, marketers are tapping into customer’s feelings to market their brands. Another study shows men who show love for their brand beer purchase 38% more beer than the average.
Therefore, emotional branding can lead to substantially more sales without companies having to rely on discounts and promotions. On the flip side, however, creating that emotional connection can be a difficult task.
How brands can connect emotionally
- By telling a story that inspires an emotional connection: according to Beth Comstock, General Electric Chief Marketing Officer, you can’t sell anything if you can’t tell anything. Every brand has stories to tell.
Example: look at this video by Google. In it, you well sense deep emotional connection with the product.
- By allow their audience to be the real heroes: imagine who emotionally connected your brand would be by showcasing how your product has changed lives. Simply give your audience a voice, a platform and face to be heard.
- By being authentic:don’t be afraid to embrace your inner geek. Remain who you are and don’t try to be like who you are not. At Bizify, we try to remain true to ourselves. We try to help startups find their feet and we intend to remain true to that mission.
- By embracing the opportunity to surprise and delight: surprising and delighting customers can be an effecting marketing strategy. Use social media and mobile to spark moments of happiness in customers and you will be surprised at its effectiveness. Coca-Cola has really perfected this art.
Other Important Branding Tips
- Creating an irresistible value proposition
A value proposition is a statement that explains what value you provide to your customers and how you do it uniquely. Establishing a substantive value proposition is critical if you want to stand above the crowd. Unfortunately, many entrepreneurs loose out because they fail to articulate a unique value proposition.
Be clear on what your business stands for. What is your promise? How will you put out a consistent and passionate messages that attract the right candidate? This will also help you to hire the right people and develop products and services that are aligned with your unique value proposition.
- Be careful with launching too many brands
The big problem for many businesses is they think more brands will make them more successful but they have neither the architecture nor the capacity to manage a multiplicity of brands well. Businesses can increase profits by deleting none-performing brands. Even though revenue may fall in the process, reducing the number of brands will be beneficial in the long run.
Multi band strategies are likely to suffer from dis-economies of scale because of the hidden costs. By letting go off weak, declining and marginally profitable brands, you will be freeing resources to make your few remaining brands better and more attractive to customers. Thus, killing some brands in your portfolio may sometimes be the best way for your business to serve the customers.
- Package your products
Packaging is an important element when it comes to marketing. How you package your products can attract or repel customers. Is your packaging visually attractive through shape, color, design and does it communicate the right brand ideals. If not, it might be time to revamp the way you package your products.
- Create a slogan
Let us consider Apple for example. As they became big, they adopted the tagline “Think Different.” This was a perfect fit for their marketing strategy because a large portion of their customers didn’t want to use PC’s like everybody else. Choose a slogan that is consistent with your brand and fits your market slogan.
Take care of your staff
You need to build your reputation to attract the right staff and customers. So treat your staff well because they are one of the most important people in your business. Ex-employees are important for leads and new business. Also, reward them for not only making sales, but for being great ambassadors for your business.
Quick Website, social media and Blog Marketing Tips
One of the easiest ways to grow your social media community the whole day is to post consistently. Studies show that different audiences react to different posting frequencies, so you need to make sure that you have tested the optimal frequency with your own audience and look at the engagement levels in comparison with your other audience. The minimum post frequency on Facebook should be once a day and 4-6 times a day on Twitter. Also be mindful of the time of the day you post to increase engagement. You can automate the process by using tools like Buffer and Sway.
Use Images When Posting to Facebook
Including photos in your Facebook and Twitter posts will generate more engagement. According to various studies, posts with relevant images generate 50% more likes than the average text post. When you want to post about an offer or an announcement, include an image. This will significantly increase click-through rates.
Increase Exposure of your Communities With Social Buttons
Embed social media share buttons within your site and within your marketing communication to increase engagement. Does your blog have social sharing button displayed prominently within the posts to encourage leaders to share the article. Some of the places you need to consider include:
- Footer of the website or blog
- Header of the website or blog
- In your newsletter
- In your email signature
- Within your blog posts
Run a Launch Rock Campaign
What is a Launch rock?
A Lauch rock is a free service for gathering email addresses of people who want to get an early access to the launch of a new product, service, app or really anything. A lauch rock can be an effective marketing tool because it encourages word of mouth. One can integrate social buttons within the subscription process which is a very powerful component when it comes to turning a campaign into a viral marketing channel.
Here is an example of a launch rock:
The idea is to offer a free give-away or some other offer which works on friend-bring-a-friend model. Make sure the message has a powerful incentive.
Invest on infographic
Over the last few years, infographics have become very popular. A professionally designed infographic is a very potent traffic generator. A professionally designed infographic can cost you anywhere between $100 and $2,000 but will be worth the investment.
Write amazing headlines
The headline of a blog post carries a lot more weight than what many people think. No matter the quality of your content, a bad headline can drive away visitors. Here are some tips for optimizing your blog titles:
- Use every day, simple language
- Keep it short and catchy. Leverage common psychological traits like fear, urgency, desire, etc.
- Use negatives such as Never Do This, Don’t, Avoid, etc.
Create Micro Content
Many people are now suffering from information overload, which means that they have less time and patience to consume content. A growing trend which Australian marketers and business owners should consider is the creation of micro content for easy consumption. A great service that has mostly been used is the Vine and SoundCloud.
Host a Twitter Q&A sessions
One way to keep your social media fans engaged is hosting a periodic Twitter Q&A sessions. The idea is to encourage your community to ask questions and seek clarifications concerning your product, industry or business. You can provide answers, take their feedback and even create a blog post from that. Over time, more people will begin to take part and slowly your brand and audience will grow.