Are you looking for proven marketing strategies to grow your business effectively? Effective marketing is the first step towards success for any business. Knowing the best strategies for marketing your business online offers many benefits, such as:
- Global reach
- Higher ROI
- Lower advertising costs
- Personalized advertising
- Measurable and trackable marketing results
Internet marketing is much cheaper than many traditional forms of marketing, and it will usually lead to a better return on investment as well. Marketing your business online will also allow you to expand your reach worldwide and create content or ads that can potentially go viral and generate more business revenue at no extra cost. Here are four highly effective marketing strategies that will work for you.
1. Personalized email marketing
Email marketing generates a higher ROI than any other digital marketing strategy and is 40 times more effective at lead generation than Facebook and Twitter. Sending personalized email campaigns to your subscribers is the most popular form of marketing because it allows marketers to analyze how subscribers are engaging with their brand and send tailored content to them based on their unique interests.
Sending personalized email campaigns is also an effective marketing strategy because it can generate six times the amount in sales than traditional bulk email campaigns. However, one thing you should always remember about sending personalized emails is that you will need to have enough data about your subscribers individually in order to send them effectively.
2. Influencer marketing
Influencer marketing is one of the fastest ways to build authenticity with your target audience and instantly put your brand in front of the best prospects. Influencer marketing is also one of the quickest ways to generate new leads for your brand, and according to Forbes, it is growing faster than any other form of digital advertising.
One of the best things about influencer marketing is that you are connecting with potential leads that have already shown interest in a product or service similar to what you are promoting. This creates a win-win situation for you to attract high-quality traffic to your website quickly and for the influencer to make some extra money by promoting brands to their followers or subscribers.
3. Create a referral program
Did you know 65% of new business leads come from a referral? While there are many ways to directly promote your business online, referrals are still one of the best ways to build brand awareness and grow your business. This phenomenon happens because people are four times more likely to purchase something when it’s recommended by someone they know, like, or trust. Creating a referral program will make it easy for people to make money while spreading the word about your brand.
4. Social media advertising
With the average cost of a click for Google Ads costing between $1-2 (and some keywords costing over $50 for a single click), social media advertising on platforms such as Facebook and Twitter can offer a cheaper solution to reaching millions of potential leads with your paid ads. Websites like Twitter, Facebook, Instagram, LinkedIn, and YouTube all have hundreds of millions of active monthly users on their platform, and unlike search advertising, allow in-depth ad targeting for highly specific conditions such as location, income, gender, age, and hobbies/interests. Social media advertising will provide the best bang for your buck if you’re looking to reach millions of new prospective leads and get the best return on your investment.