1. Email Marketing
Despite predictions of its death in the marketing world, emails are still around and delivering a handsome return on investment (ROI) to marketers.
In a recent survey conducted by Demand Metric and the Data & Marketing Association (DMA), it was concluded that email marketing had an impressive ROI of 122%.
That was four times higher than the other marketing channels which were analyzed. Those channels included paid search, direct mail, and social media.
What startup wouldn’t want that kind of ROI on email marketing? And the best thing about email marketing is you don’t have to break the bank to run an email campaign.
Though email marketing is highly effective, not all startups are able to harness the true power of email marketing. But some brands have excelled at email marketing.
Check out the marketing email I received from Uber India, for example:
They crafted a crisp, engaging, email copy. The success of this email? I took a Pool ride in the evening. How can you craft such an email?
Here are some tips on creating a successful email marketing campaign:
- A lot depends on a subject line – make it catchy, engaging, and benefit-rich
- Avoid jargon in your email copy – write in plain, persuasive language
- Break up text so it’s easy to scan – use bullets and subheading
- Talk about the benefits you’re going to offer
- Optimize emails for mobile devices
2. Social Media Marketing
Social media has become a powerful marketing tool these days.
According to a Social Media Examiner’s report, 90% of marketers confirmed that social media is important to their businesses. And 89% of marketers indicated that their social media initiatives have generated increased exposure for their companies.
Social media marketing, in my view, is the second most important marketing strategy for startups.
The following is a list of the benefits offered by social media marketing:
- It increases exposures and traffic
- Social media marketing develops loyal customers
- It improves search ranking and generates leads
- It establishes thought leadership
- Increases in sales
Though businesses are increasingly adopting social media marketing, not all of them are doing it the right way. Many of them are making fatal social media marketing mistakes.
How can you avoid these mistakes?
First of all, you should choose the right social media marketing channel, then develop a social media marketing strategy. Just because one business is getting huge success through Twitter, doesn’t mean you will get the same success through it as well.
If your potential customers are on Facebook, make Facebook your point of focus. Likewise, target your efforts on LinkedIn if your audience is on this professional network. For your startup, the best social media channel is where your potential customers hang out most.
A good social media marketing consultant will build a customer persona first, then start creating a social media strategy for your business.
3. Pay-Per-Click Marketing (Google AdWords)
Pay-per-click (PPC) marketing is a method of using search engine advertising to bring visitors to your website. PPC is a powerful marketing tool to generate sales-ready leads.
When I search for “sunglasses in New York,” here is how the PPC ads look:
No startup should ignore pay-per-click marketing.
Pay-per-click advertising offers many practical advantages, such as:
- You can reach your customers at the right time with the right ad
- High ROI as you will have to pay only when an interested person clicks
- Control over how much you want to spend
- You won’t have to wait for results
- Data and insights to help sharpen other marketing strategies
PPC campaigns exhaust the budget quickly. So it requires a certain kind of expertise to engineer a successful campaign that generates more conversions than clicks.
4. Search Engine Optimization
You have built a website with an awesome design, and you have created service pages for all the services you offer. And you think visitors will come. Right?
There are hundreds of websites in your niche alone. How can your website come up on the top when potential customers search for the keywords relevant to your business?
This is where search engine optimization (SEO) plays a decisive role.
Search engine optimization not only increases traffic to your website but also builds trust.
If your website ranks high in search results when your potential customers search for the keywords related to your products or services, it leaves an impression that you are a reputable company.
Search engine optimization is a must for every startup. Just be sure to follow the best SEO practices for your website.
However, there are many challenges faced by startups involving SEO. You can overcome these challenges by hiring a good SEO company.
5. Influencer Marketing
The trend of influencer marketing is catching on really fast. It was observed in a study that 84% of marketers expected to launch at least one influencer marketing campaign in the next 12 months.
94% of marketers in a survey believed influencer marketing to be effective.
Influencer marketing is a highly effective tool for startups to grow their brands. And the best thing is that it’s inexpensive compared to traditional marketing channels.
Here are some reasons why startups should adopt influencer marketing:
- Most customers have become immune to traditional marketing channels
- Influencer marketing is less expensive than other promotional strategies
- Influencer marketing is easy-to-implement
- Word-of-mouth aspect of influencer marketing builds trust for your brand
- Customers will engage with your brand because of the authenticity of influencers
When you are starting your business, you might not be able to rope in big influencers. If so, you should find micro-influencers for your startup.
Believe me, my friend, influencer marketing can make a big difference if executed effectively.
6. Content Marketing
Content marketing has become a must for businesses these days, whether you are working in the B2B or B2C domain.
Look at the following stats from the Content Marketing Institute:
90% of B2C organizations are extremely/very committed to content marketing, and 88% of B2B marketers agree that content marketing is an important part of their marketing programs.
Why is content marketing so effective?
When you map your content strategy to follow the different stages of your buyer’s journey, you create useful content that your target audience will love to read since it will solve their problems. This eventually builds trust and increases conversion rates.
By adopting content marketing strategies for your startup, you can:
- Increase visibility for your brand
- Build lasting relationships with your customers
- Boost brand awareness and brand recognition
- Build credibility and authority
- Create thought leadership
As an added bonus, content marketing supports your SEO and SMO efforts. You will have more content for your website’s blog, and social media postings.
You should remember that content marketing seldom offers quick results. It takes time before you start noticing the results of content marketing. But the impact it offers is long-lasting.
7. Retargeting Ads
You kicked-off your startup because you were convinced with your business idea. Why? It was your business idea, so you believed in it.
But your potential customers might not be convinced when they first visit your website. They need one or more nudges before they actually become your customers.
Retargeting ads do the nudging.
What is a retargeting ad, and how does it work?
Retargeting is a means of marketing in which you show relevant ads to those who have previously visited your website.
And when this customer visits other websites, the retargeting platform is notified by that pixel and the customer is served with the relevant ads based on the pages he/she visited on your website.
With effective retargeting ads, you can convert those visitors who have previously shown interest in your products or services and increase your conversion rate.
8. Viral Marketing
As a startup, there’s no better way to create a strong buzz about your brand than going viral on the internet. Creating content that goes viral can make your business an overnight success.
What’s more, viral marketing is essentially a result of the combined efforts of the other techniques we’ve already discussed. Blendtec is the perfect example of its potential.
One day they’re not really selling any of their high-grade blenders. One viral video of its potential to blend practically anything and the orders started to rake in. Quite frankly, it was an ingenious ploy by the brand’s marketer.
Image via YouTube
So how do you go viral?
Well to put it simply, by doing something incredibly hilarious and possibly weird (like this out-of-the-box thinking by Blendtec). Leverage social media to get yourself noticed and shared to the best of your abilities.
It’s sure to cause a major surge in the traffic to your website for a certain period of time. And once you’ve gone from relatively obscure to trending, your job is half done. The other half, of course, is converting that huge traffic into purchasing customers.
As a strategy, I’ve seen several B2C businesses leverage it well. The Dollar Shave Club is another brilliant example that illustrates its potential. As a bonus, it’s a somewhat frugal strategy as well.
9. Affiliate Marketing
Affiliate marketing can be treated as a sibling of influencer marketing. It too relies on the influence of people to bring in sales. Which is why you should consider integrating it with your influencer campaign.
In affiliate marketing, you can sit back and relax as others do your marketing for you. That’s a rather simplified version of putting things. Disclaimer – I don’t recommend the sitting back part as it should never be your only strategy.
What is Affiliate Marketing?
You recruit affiliates for your brand to draw in leads for you. They can be thought of as salespeople who work on a commission basis. This commission is entirely up to you to decide. Whether you pay them according to the sales they generate or on a flat fee per product basis.
But how do you keep track of these sales? You do so via affiliate links which are customized links you provide your affiliates with. They share the link with their social media circles who, in turn, can use the link to visit your site and make a purchase.
You can use tools like Google Analytics to generate these customized links. Further, you can even track the number of sales coming in from each link to track the performance of your affiliates.