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The News God > Blog > Business & Finance > 7 Marketing Ideas for Growing Your Small Business
Business & Finance

7 Marketing Ideas for Growing Your Small Business

Rose Tillerson Bankson
Last updated: August 30, 2022 10:19 am
Rose Tillerson Bankson - Editor
August 30, 2022
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7 Marketing Ideas for Growing Your Small Business
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When it comes to your business you want to make sure that word is getting out there and new people are heading your way to support your business. That is why marketing is essential. A big question for any business is how to effectively market. Depending on limitations, this can be challenging, but you do not need to be locked in by challenges.

Contents
Content MarketingPartnerships, Sponsorships, and AffiliatesSocial MediaSearch Engine OptimizationEmail MarketingReceiving Referrals Outsourcing 

Investing in your marketing is a good decision. Investing does not always require money, as time and resources can be just as equally important. There are many marketing strategies that require little to no budget. Let’s take a look at 7 marketing ideas for growing your small business.

Content Marketing

Your target audience wants to see things that resonate and spark interest. By creating content, you can connect to your audience and encourage them to engage with your business. This will promote business growth, brand building, sales revenue, and business credibility. Content marketing includes infographics, blog posts, videos, eBooks, and the like. 

All small businesses should utilize some form of content marketing because it is a great method to draw in your audience and potential clients and customers, build trust and increase domain authority. It can work immediately or passively and can be recycled so you have a constant source of content marketing.

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Partnerships, Sponsorships, and Affiliates

Getting connected and working with other individuals or businesses can support your business growth. A simple entry point is affiliate programs. Affiliates participating in affiliate programs are usually influencers, publishers, review sites, and the like. Affiliates can promote your products in a cost-effective way and you can structure the program to compensate affiliates how you see fit.

Partnerships require a common ground and fostering relationship building so both you and your partner can help each other increase reach and marketing. It’s the creation of a win-win scenario where both business’ growth are supported. Sponsorships operate in the same manner with the addition of compensation be it in the form of gifts or payment for marketing.

Social Media

Social media is one of the top powerhouses in marketing. This is because while social media encompasses a social aspect of community, there also exists business marketing through influencers, content creators, and the use of social media platforms as search engines. Consider how TikTok is growing as a competitor to Google as a search engine.

There is flexibility and control of content, messaging, and community building by creating your own social media channel. You can optimize the platform to support growing your small business, building user-generated content, receiving feedback and suggestions, and creating new pipelines of communication with clients or customers.

Search Engine Optimization

Search engine optimization or SEO is the name of the game when it comes to marketing with the key element of keywords. Information is a game changer and driving force for this digital era. Online searches account for the majority of a website’s traffic. Many social media platforms and new applications are becoming search engines.

Considering this constant search for information, SEO is vital. Most searches are either for entertainment, solutions, or purchase. You can target new and current audiences through search engine optimation, utilizing keywords to garner new leads, attract new clients or customers, and boost revenue. 

Email Marketing

Do you think email marketing is dead? It certainly is not. When it comes to doing business, especially for those whose focus is influencing, coaching, and content creation, email marketing is essential.

A carefully, strategically built email list can strengthen your business. You can determine what your audience interests are and target based on what is interacted with the most. Your email list can spur product purchases and service requests. The best part, it is also cost-effective and, when using scheduling software or applications, time-effective.

Receiving Referrals 

Do not underestimate the power of good referrals! Some business run entirely off it and its strong reputation. Having the goodwill of satisfied customers is one of the easiest, fastest, and most cost-effective methods to boost business growth. It is like having a walking advertisement, review, and trust verification all in one.

Referrals and word of mouth can bring you high-quality leads and new clients or customers. If word is getting out, that means that word is getting out about your business. If no one is talking about your business, no one will know about your business and it can’t grow. Incentivize and provide excellent service to encourage new business.

Outsourcing 

As a small business owner, you may feel responsible or the need to take on doing everything yourself. However, you do not need to be the expert on everything and do everything. It is more effective and efficient to delegate and seek help where needed to produce the best result. That is why it is a good idea to outsource to professional marketers.

When it comes to marketing, there are professionals, freelancers, and companies, that specialize in marketing. They can take your business mission and strategy and devise the best marketing strategy that is aligned with your small business needs to execute marketing ideas that can help grow your business.

The world of marketing seems to have no limits. You can take numerous ideas and paths to support your small business marketing strategy and, ultimately, foster business growth. Even though there are many methods you implement for marketing, you can get started with these.

Different marketing strategies can be used to based on the strengths, values, and purpose of the business. You can seek out business growth consultants to guide you in the right direction. 

In the meantime you can use marketing ideas like content marketing, social media, search engine optimation, email marketing, affiliate programs, partnerships, and sponsorships to get make connections while staying behind the scenes, creating relatable content and information. 

Get out in front and build relationships through referrals and also with social media. Utilize professional sources through outsourcing. The ideas are out there. Pick the one that best suits your business.

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Previous Article The Difference Between B2C and B2B: 6 Non-obvious Distinctions The difference between b2c and b2b seems insignificant. After all, externally the online stores in both cases look similar. However, the differences in business processes and functionality are systemic in nature and differ significantly from one another. But what distinguishes these two types of commerce? B2C and B2B in a Nutshell B2C or business to consumer (customer) are retailers who sell directly to the end consumer. Read here about the features and benefits of such sales: https://belkins.io/help-center/belkins-glossary/what-is-b2c-sales B2B or business to business is a segment in which manufacturers and importers sell to distributors, dealers buy from distributors, and ultimately everyone sells to online stores and retailers. The Main Differences Between B2C and B2B If you compare the motivation of customers, the difference is obvious. In b2c, the company is already working with the end consumer, who buys goods directly for his own use. In the case of b2b, the company is dealing with a different business: the wholesale buyers will use the purchased products to make a profit. In b2b, 80% of the clients are, as a rule, permanent. In b2c, you have to pay each time to attract repeat customers, and unfortunately the frequency of purchases in b2c is several times less than in B2B. Equally important differences include: 1. Registration – in b2c the customer comes in, attracted by the goods in the "showcase". The customer studies the assortment, chooses a product and places an order at once, registration often takes place when the order is placed. In b2b complex settings are required. Scheme, under which the client saw the goods and made an order, in the case of wholesalers does not work because of the lack of personalization of prices, discounts, payment terms, shipping, paperwork, etc. 2. Verification – often in b2c, verification is performed by confirming the customer's mailbox, but sometimes it is not required. Usually the customer makes a payment and the product is sent to the specified address. That's where the interaction ends. In b2b platforms, verification should be mandatory. 3. Personalization – in b2s, products, prices, conditions of purchase are the same for all without exception. This is required by the laws of many countries within the framework of consumer protection. However b2b requires wide-scale personalization of conditions for a client: starting from prices and discounts up to a range of products, categories and batches of goods. 4. Order Processing – retail orders are usually small, so they are processed as they come in. A manager checks the availability of goods in stock and immediately takes the order to work. Since wholesale purchases have a deferred transaction, and orders can be split into several parts, wholesalers are willing to wait for the right item to appear, agree to ship in batches, and accept replacement offers. 5. Working with Documents – the online retail store assumes a minimum of documents - invoices and bills of lading. But working in b2b involves a full set of documents for each order. 6. Administration – in b2c, to manage the work of an online store, the usual admin panel is sufficient. The manager just needs to check the availability of goods in stock, confirm the order, make sure the payment is received and make the delivery. Management of b2b solutions is performed by many people, both on the part of the supplier and the buyer, where one customer can work on behalf of several legal entities with different terms of cooperation for each. The complexity of a b2b platform is primarily due to the non-linear, multi-factor algorithms designed to serve customers. So, wholesale and retail marketplaces, although they look similar, have critical differences in the organization of business processes. 608 Words The Difference Between B2C and B2B: 6 Non-obvious Distinctions
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