- Hoardings / BillBoards at various strategic locations
- TV commercials
- Door to Door marketing
- And many more..
The costs involved in any of the above mentioned means to promote your product or service are going up day by day with the promoters understanding the value they deliver by marketing your product. This calls for huge capital investments and does not guarantee returns so its a high risk venture for Start Ups and SMEs.
In our country i.e. India the rates for some of the top advertisers are as mentioned :
- Newspaper ? Rs 800 - 1600 per Sq Cm
- Hoardings ? Lacs of rupees based on location
- TV comercials - Rs 1.5 million for a 30 second spot on Star Plus' Kyunki Saas Bhi Kabhi Bahu Thi and Kahani Ghar Ghar Ghar Ki
- Marketing Executives - Average domestic salary on offer in the marketing sector was Rs. 10 lakhs.
Average domestic salary on
offer in the marketing sector was Rs. 10 lakhs.
Average domestic salary on
offer in the marketing sector was Rs. 10 lakhs.
This is certainly not affordable to small and medium sized businesses that are just trying to make a mark in the market. Does this mean that Small Industries don't have a scope of being seen or noticed unless and until they pump in enough money to cater to their advertising needs?
Well, there is a better cost effective solution to reach the masses than the above mentioned alternatives. With the arrival of the internet, advertising and marketing has got a new face. Internet knows no boundaries and your product / service will get a global exposure and that's more than you wanted. Whats more is that with the ever growing popularity of the Internet , this medium of promotion is here to stay for a long long time.
So how do we take advantage of this new medium? Do we need to have any special skills etc to make the best possible use of it? How much does it cost? Will it achive the purpose?
The answer to all these questions will be clear as we explore the world of Internet Marketing and Promotions.
The difference between traditional marketing methods and Internet marketing is that where traditional marketing focuses on getting your product to the consumers , Internet Marketing works to bring the consumers to your product. Whats the difference? There is a significant difference. In traditional marketing methods be it the print media or the visual media , the ads are thrown out to the maximum number of people who may or may not be interested in your product / service. So it means that you have to get the maximum number of eyeballs to get one interested customer and sometimes it's a total waste. Just imagine showing an ice cream ad on a hoarding in the North Pole.
Internet marketing on the other hands brings only the people interested in your product / service to your web site. And how does that happen? There are a lot of techniques to make this happen but the major role is played by dominant search engines like google and yahoo.
Search Engines play an important role in Internet Marketing. Everyday millions of Internet users are searching for information on sites like google,yahoo,msn etc. So someone out there is searching for the products / services that you have to offer , a probable prospect for you. All you have to do is get your site listed on the search engine and drive traffic to your site. The site will than act like a perfect marketing executive / sales executive to see that the propect is converted to a customer and he buys your product / service. Some sites have thousands of unique visitors on a daily basis.
And the cost of all this is ZERO. Yes search engine submissions are free of cost and will remain so for a long time to come.
Does it end here? No a well designed site not only ensures that you get new customers but also sees to that the customers return to you site more often.
So what are the steps required to achieve the goal?
Step 1 : Identify your target Audience : Design the site in accordance of the people whom you want to visit.
Step 2 : Generate product/ service related Content for your site
Step 3 : Get the required Traffic on your site.
Step 4 : Convert the visitors into customers
Step 5 : Ensure that the customers Return again and again.
Free Marketing And Advertising
Every successful entrepreneur knows that the most important part of any business plan is the marketing strategy. Too many would-be business owners get so caught up in product development that they overlook the importance of how that product is going to get into the hands of consumers. The question investors ask budding business owners is what's your distribution? which is a way of asking how will you market this?
In the 21st century we have so many different means of communication available to us that it is overwhelming at times to try to choose which medium will best serve your business. People are hit by marketing messages 24/7 and tune out over 95% of what they see or hear. More money is wasted on bad marketing strategies than almost any other part of business, so for young start-ups, it's best to test with free marketing methods.
One free method of marketing is to affiliate yourself with a business network such as your local chamber of commerce. When there are events, you can share your business cards and brochures with all the other members present. They in turn will likely give you their information, but you may be just what one of these people is looking for or find a partner to joint venture with that will give you leverage to get more exposure for your product.
A second free method of marketing is to write and submit press releases. The internet has made this method so easy, cheap, and fast that offline papers often turn to the online databases to find news. The announcement of your new product and how it solves a problem is definitely newsworthy. Never write them to sound like commercials, it should always sound like news or it won't get published. Once you've written it, you can send it to any of the many online press publication sites, such as OpenPR.com.
Free marketing method number three is to participate in online forums and utilize your signature line to talk about your business. Never openly talk about your business in a forum unless it's to directly answer somebody else's question, and never post garbage like 'me too' just to get your signature seen in a thread. Contribute good quality and choose a forum that interests potential clients so you'll know you've got a winner.
A fourth and one of the best ways to market for free, is to simply offer some free incentive for people to try your product. This can be entry into drawings for hot prizes, gifts that bear your company logo or message of some sort, free memberships, consultations, information, or bonus additional products with purchase.
Giving things away for free tends to enhance the perceived value of what you offer while at the same time winning the trust of your clients. As people see your interest in delivering real benefits and not just taking their money, you will see more buyers and more frequent action from the same buyers.
Marketing doesn't have to cost big money, often the best solutions are very inexpensive. Test your strategies for free as often as you can until you are sure of the market's response, so that once you know how much it costs you to get a buyer you can spend that amount over and over while always gaining more and more profits.
Both Webinfosolutions & Tyler James Ellison are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Webinfosolutions has sinced written about articles on various topics from . Article by Webmaster of webinfosolutions.org ? An organization aimed at taking the SME's and Start Ups in line with the Big Businesses.Helping you to start / promote an online business, designed to generate sustainable profits at a steady pace. Webinfosolutions's top article generates over 720 views. to your Favourites.
Tyler James Ellison has sinced written about articles on various topics from Debts Loans, Marketing Strategies and Wedding Bells. Tyler Ellison is a successful entrepreneur who teaches at his site and encourages others to join the community at. Tyler James Ellison's top article generates over 49500 views. to your Favourites.
Classic Jaguar Cars For Sale It is no accident that the Jaguar XK series has gone on to be an automobile classic ? both in terms of innovative styling, performance and handling