Many home based online entrepreneurs are faced with the constraints of having to market with a very small budget while their larger counterparts are able to spend their money with greater freedom on advertising. It is not all "doom and gloom" though because it is a fact that the internet has allowed the fields to be leveled off considerably.
The key to making a success of an online business is by understanding the best way to spend the money that is available in your limited marketing budget. Although it is great to drive organic traffic by boosting search engine rankings and by networking on the social network sites like Twitter and Facebook, there are various other income opportunities that you should take advantage of.
Here are some ideas on methods to use for excellent results while at the same time still staying within your limited marketing budget:
In all likelihood you will be spending some of your limited budget on paid advertising, so the marketing plan that you use is very important, and some of the aspects that you take into consideration are essential before you spend any of your budget at all.
To begin with you should do some research, specifically focusing on your competition as well as your target market, and when it comes to your target market you must be as specific as possible. The two reasons for this are as follows, it will ensure that your adverts are attractive and appeal to your target audience and even more essential is that your advertising appears in the places that your desired audience spends their time.
The benefit of researching your competition is that it will help you to discover what is working for them and what does not work. Discover where they spend the major portion of their advertising budget as this is where you will find the premium location and you can also see the kind of adverts that are best at capturing the attention of your targeted audience.
When it comes to the actual advertisement itself there are three important points to remember - provide some sort of social proof, develop a sense of urgency and have a clear call to action. Follow these 3 steps and you will see that your advertisements will get a much better click through rate. Also be sure to have a landing page that is tailored to your specific market so that you can benefit from maximum results for minimum cost. Because you are paying for this type of ad it is essential that you make it as effective as you possibly can.
It is not important whether you are marketing on a small budget or a large one or how much you invest in paid advertising, the main point is that you get started as soon as possible. Having a well planned marketing strategy and using what you have learned from your competition will not only save you time and money, but your marketing on a small budget will stretch considerably when it comes to getting exposure for your legitimate online businesses from home.