Whether you own an offline business or online business there so many ways you can market online. We understand that we can use paid or free methods. Without any doubt, paying for advertising will result in faster results. But it does not guarantee better results compared to free methods as it depends on the type of objective that you are trying to achieve.There are various objectives that can be achieved from marketing your business online:a) Brand Buildingb) Lead Acquisitionc) Sales Conversiond) Providing customer support and interactione) Providing business informationBrand BuildingOne of the top objectives for marketing your business is to promote your brand, products and services. You want to let the online market know about your brand name. Let them be familiar with your brand and products offering. Hence, you want to increase brand exposure and brand recognition. If this is your main objective, paid advertising will yield you faster and better results.Lead AcquisitionAnother objective when you market online is to acquire leads so that you can continue to promote to your prospects. In this scenario, both free traffic and paid traffic can be equally effective. For free traffic, you can use popular social media or guest blogging to advertise your business. You can also use paid advertising to directly advertise your business.Sales ConversionWhenever you do a business, you want to have revenue and sales so that you remain profitable. Paid advertising will be very effective if the advertising is targeted at a group who is familiar with you and looking at the possibility of how your service or product can help them to solve their problem. Having said that, it does not mean that free traffic method does not work, it can work too if you manage it well and send targeted traffic.Providing Customer Support And InteractionAs you now have an online presence, it is also essential to provide online support to your customers and potential customers. Some free ways to do this when you are marketing online include having your own help desk and forums. The more popular way nowadays is to use Facebook to interact with prospect and customers. So when you are marketing online paid traffic may not be able to help you achieve this objective.Providing Business InformationThe last objective is to provide information to the online visitors and this can be done via both paid and free marketing methods.So, you need to decide what marketing objective are you trying to achieve and also if you have budget for the advertising. As long as you are willing to test and do something about it, you will be able to achieve some result.
Tag Archives: Ecommerce
Raise Capital With Private Investors
If you have launched your own startup, your first biggest challenge is to raise capital. Fortunately, you choose from a lot of options to raise the funds your business needs. Among all the sources, crowdfunding is one of the best ones as it helps redefine how startups can get off the ground. In this article, we are going to help you know the benefits of raising capital with private investors through a crowdfunding platform. Read on to find out more.
Benefits of raising capital with private investors
1. Funding is not equity-based
First of all, crowdfunding is not necessarily equity-based. Although startups have the liberty to use the equity in order to catch the attention of potential investors, It’s not required to give up ownership to collect capital.
The good news is that some platforms allow their members to apply a reward-oriented approach in order to raise capital. For instance, if your business deals in a specific product, make sure you hand over a few units to your prospective investors before you roll it out for the ultimate users.
2. Attracting potential investors is easy
With crowdfunding, you can attract a lot of potential investors without putting in a lot of effort. Although you can try for angel investors, keep in mind that this process can cost you a lot of time. The reason is that you will have to pitch your small business concept several times.
On the other hand, if you use a crowdfunding platform, you will have to post your business pitch in only one place. And this page will be ready by hundreds of investors from across the globe.
These platforms have a lot of useful features that may help startups collect funds from investors. So, attracting potential investors and raising capital will be much easier using crowdfunding platforms.
3. Higher visibility
Crowdfunding can help you make your startup more visible. Since marketing may consume a large chunk of your budget, it makes sense to use a crowdfunding platform instead. For potential investors, it’s easy to fund a crowdfunding campaign.
And these activities can help boost the visibility of your brand. Plus, you can also attract investors for your next funding rounds.
The Bottom Line
If you want to raise funds for your startup, crowdfunding can be the best choice. All you need to do is become part of a crowdfunding platform and you will be able to tap into the pool of potential investors. And this will help you kick start your business and make it a success in the industry.