Tweet

6 Best Tips to Online Cost Effective Marketing

Written by: Kristin Marquet

Article Overview: Is your business experiencing stagnation with the Recession? If so, continue reading.

6 Best Tips to Online Cost Effective Marketing

Five years ago, did you see this economic recession coming? Perhaps, you did to a lesser extent, but you didn't really think it was going to be this bad, right? With that said, companies have to gain leverage and position themselves to their markets by becoming the number one choice to consumers through cost effective marketing. However, with traditional advertising costs through the roof, companies need to find more effective ways to target their markets, specifically through online media outlets - public relations, banner advertising, SEO, blogging, and branding.

Here some low cost ways of effective advertising:

1. Research and understand the goals, values, and behaviors of your market. Once you have a thorough understanding of your market, you will know how to deliver messages effectively.

2. If you decide to hire an agency to manage your advertising, make sure you are the only account they are managing in your market. If the company manages any competitors, look elsewhere.

3. Tell your market what your USP is and why you are better than all the rest of your competition. A USP is the Unique Selling Proposition, the one element that makes your business better than everyone else's business (superior customer service, late hours, 24 hour customer service, best prices, or highest quality).

4. Use the rightplaces to advertise online. There is nothing worse then placing an advertisement in a food e-magazine (that has little or no relevance to your market) when you are trying to sell cosmetics, which should be placed in a fashion e-magazine or some other complementary publication.

5. Create an irresistible offer. You want to attract prospects and make them contact you immediately. Offer a discount for first time buyers; offer an introductory period, or a gift that has a high perceived value.

6. Diversify your marketing efforts. Use online advertising, blogging, social media marketing with branding and public relations to get the best results. You should also determine where your marketing dollars are generating the best ROI to prevent careless spending.

Related Articles
  Is Online Advertising Cost Effective?
  3 of the Best Online Marketing Tips! ~EASY 10K a MONTH
  Book Review: Web Marketing For Dummies
  5 Article Marketing Tips To Take To The Bank
  Internet Marketing Tips To Increase Traffic To Any Business

Article Tags: advertising costs, banner advertising, br 2, complementary publication, cost effective marketing, e magazine, economic recession, effective advertising, first time buyers, hour customer service, introductory period, leverage, media outlets, nbsp, prospects, relevance, superior customer service, traditional advertising, unique selling proposition, usp



Related Forum Posts
Re: What is your Business? - We are running a Online Marketing Firm and we have some good clients to which we are offering a complete Digital Marketing strategy like Search, Mobile Marketing, Branding and Design. I think in Online Marketing company online presence can be a wining factor for the success of the company.
Kevin's Case Study #11 - A New Forum Category? - Hi Everyone, 2009 is a new year and I'd like to create a new forum category to jazz things up! In the past, there's been some interest voiced about adding a "Social Media Marketing", "Online Marketing", "Internet Marketing" or "Online Promotion" category. I'll implement [u:1g2tv6tf]ONE[/u:1g2tv6tf] of those new categories, but can someone first tell me what the difference would be between the existing "Marketing" section and one of those new options mentioned above? Thanks
Re: Kevin needs "social glue" ideas - [quote="BuzzAroundBooks":1yomg44b] 1.) 10 Recent Posts (takes you to the list of the 10 most recent posts) 2.) Forum Contest & Prizes 3.) How to get started in the EvanCarmichael.com Forums 4.) How to promote yourself in the EvanCarmichael.com Forums 5.) How to start a small business (list of threads with related topics) 6.) SEO Tips (list of threads with related topics) 7.) Better Blogging (list of threads with related topics) 8.) Business Book Reviews (list related forum threads, I know Barbara has tons. We also have threads that list our forum members favorite biz books) 9.) Newest Members (takes you to a list of the newest forum members so that you can help them out or connect with them) 10.) Kevin's Case Studies *I'd think this format would make the forums easier to navigate through, especially for a newbie (which are the main people we're trying to attract to the site).[/quote:1yomg44b] If you're accepting any suggestions for topics -- could SEO tips be changed to Online Marketing? SEO is just a small part of Online Marketing and that would give us some sort of place to zero in on Online Promotional posts. Shri
Re: Let’s talk about the ways of marketing your products, servic - I agree with some of the others who responded it depends on what your selling... but to answer your questions here are some of the methods I use. Forum Marketing Yahoo Answers (I need to use more of) SEO (Search Engine Optimization) Bum Marketing or Article marketing P-P-C (Pay Per Click) Marketing Online Directories Hope this helps.
Re: Should Evan add a "Social Media Marketing" category to the f - [quote="BuzzAroundBooks":p78047w2]Just as an update, Evan has extended the poll's expiration date and says he'd like to see at least 25 "yes" votes before implementing the new category. Moreover, it would probably be called "Online Marketing" instead of Social Media Marketing".[/quote:p78047w2] Okay - I have a request -- can the title be changed to "Online Marketing"? The reason I'm asking is because people may not know what social media marketing is , while that would make me vote for it to learn more, but not every thinks like that. Also, online marketing could capture more attention when people spot in on the list. Shri


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Tweet

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

How to Improve Your Time Management

How Many Buckets Do You Need for Retirement?

Four Reasons Why Entrepreneurs Should Blog

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.