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How to Spend Money on Marketing

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9 Best Way to Spend $1000 on Marketing

Spend Money on Marketing

With the swift and sudden changes to the global economy, startups everywhere are grappling with how to best allocate their financial resources to ensure they can weather any pending storms.

And for many businesses, marketing is one of the first functions to be hit.

The current global economic climate has forced startups to be prudent with their resources.

One of the departments that have been most affected is marketing, and all businesses must now consider how to manage this effectively.

If you’re a startup and need some ideas for budget-friendly marketing strategies, we’ve got you covered. We have come up with a list of 9 amazing marketing ideas that can be done for under $1,000!

Don’t miss out on these helpful tips and tricks to help your business spend money on marketing.

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1. Start a Referral Program

Spend Money on Marketing

For startups, word-of-mouth marketing is still one of the most effective strategies available. By introducing a well-thought referral program, you can encourage your existing customers to promote your business to others.

This will help boost sales & increase your customer base with minimal effort.

Referral programs, like the popular “you get/I get” variety, are becoming increasingly common.

Existing customers receive a discount code and referral link to share with their friends, providing them with a great incentive to recommend the product or service.

Existing customers are rewarded for sharing referral codes with their friends. These rewards can come in the form of discounts, free upgrades, company swag, or anything else that can be used as an incentive.

For smaller or newer startups, launching a referral program may just entail creating a few coupon codes and spreadsheets to track activity.

If you’re expecting high volumes of customers, however, then you should look into using advanced automation tools like Ambassador for the job.

According to reports, you can begin using the tool for a price that is way below $1,000. This is a great way to spend money on marketing.

Implementing a referral program can be beneficial in the long run, as it’ll generate more profits than what was initially invested. If done correctly, it’s guaranteed to reap the rewards.

 
spend money on marketing

2. Join HARO for Media Placements with Reporters

Spend Money on Marketing

Targeted press features are one of the most effective ways to spend money on marketing. You can reach a large audience and create great SEO benefits at the same time.

Additionally, people who read about your company in digital articles will often click through to your website.

There’s no need to invest in costly PR firms to get your PR campaign going. HARO (Help A Reporter Out) is a great way for both entrepreneurs and marketing teams to get the kind of media coverage that they desire

Benefit from a free account and receive HARO email blasts each day that comprise of journalists looking for specific information for their current stories.

Crafting a pitch based on the desired requirements of a listing is all you need to do, and if it is appreciated, you will have your business featured in the article! It’s as effortless as that.

Taking the time to craft responses to HARO inquiries can be tedious, but it pays off. You can get thousands of dollars worth of free media coverage if you invest in creating high-quality answers, plus lots of publicity for your business too.

If you’re planning to spend money on marketing start small and reach out to reporter for FREE. Use the left over funds for promo.

3. Give Away Your Expertise

Spend Money on Marketing

Sometimes you don’t have to spend money on marketing. If you’re looking to generate quality links and leads for your business, consider a content campaign.

Future Founders has a content campaign running with the objective of providing valuable resources to its audience in exchange for information.

For instance, they offer ‘How to Craft an Elevator Pitch,’ a guide to creating a great impression quickly. This tradeoff is beneficial for both parties involved.

If you’re a small business owner with a graphic design firm, then investing in an in-depth guide to social media graphic sizes and; specs is a great idea.

It will definitely increase your company’s visibility and boost productivity. Many small business owners who design their own graphics may find this guide useful and helpful.

By offering the guide in exchange for their emails, you will be able to build a list of potential customers that you can easily target in the future.

After creating your content, it’s important to share it with a wider audience. You can use social media, email newsletters, and your website as a platform to increase the reach of your content.

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4. Engage in Social Media Groups & Communities

Spend Money on Marketing

To effectively reach your target audience, effective marketing strategies need to go beyond just online sites & platforms. Establishing a presence in forums and communities where your customers spend time can give you an extra edge in connecting with them.

Do some research to find online platforms where your target audience congregates. 

This could include websites, Facebook groups, or subreddits. Spending time on these sites can help you understand your market more intimately and stay ahead of the competition.

Become a member of the group and work to establish yourself. 

You can achieve this goal by regularly engaging with other members, offering advice related to your profession, answering queries, and disseminating high-quality content.

It’s essential to be aware of the inherent risks when engaging with online communities.

It’s therefore important to exercise caution and mindfulness when engaging in such activities. 

Community groups generally don’t appreciate it when brands join just to quickly promote their business without engaging in the conversation or getting to know the people.

This tactic usually doesn’t bode well and instead generates a negative impression of the brand among its most essential customers.

If you plan to use online forums or communities as part of your marketing efforts, remember to think of it like a garden. 

It’s important to take the time to ‘plant’ the seeds by engaging with users and ‘water’ them by providing support and content before you start harvesting the results.

5. Giveaway Products or Prizes

Spend Money on Marketing

Who says things in life aren’t free?

If your brand is operating with limited funds, running a digital contest or sweepstakes is an excellent way to attract attention and enhance your follower base without a huge financial investment.

You don’t need to invest a lot of money in web-based tools like WooBox, as these giveaways, forms, contests, etc can be utilized for free. With such platforms at your disposal you can leverage the use of polls, coupons & quizzes to optimize your business and generate better results.

Running promotions and giveaways can be an effective way to build anticipation among your current customers & followers, while also allowing you to grow your audience base.

WooBox and other such tools provide brands with the opportunity to reward participants for taking certain actions, like sharing their social accounts and reposting about a contest on their own pages.

This not only encourages people to join in the fun but also gives them even more chances to win.

Leveraging incentives like this will boost your brand awareness and; growth in an exponential manner as followers spread it to their own connections with the hope of claiming the reward.

 

spend money on marketing

 

6. Join a Social Cause

Spend Money on Marketing

By becoming involved with a social cause, your startup can increase its visibility and make friends. For example, one type of initiative is to donate a certain percentage of profits.

You can provide your employees with opportunities to volunteer with local organizations, or you can leverage your marketing platforms to share information and events related to donation drives.

Adopting a social cause can be an effective way to generate publicity and goodwill for your brand.

However, there are some things you should consider before executing this strategy correctly. While there’s, of course, a marketing and PR benefit to this strategy, it must be done through genuine goodwill.

In most cases, brands that seek to adopt a social cause will fail if their motives aren’t completely honorable.

By collaborating with a local fire department foundation, the startup has created an opportunity to connect its brand messaging with that of the community.

7. Run a Direct Mail Campaign

Spend Money on Marketing

Running a direct mail campaign can provide several benefits for businesses. Here are some of the advantages:

  1. Tangible and Personal: Direct mail allows you to send physical, tangible materials directly to your target audience. This creates a personal touch that digital marketing may lack. Recipients can physically hold and interact with the mail, increasing engagement and the likelihood of them remembering your brand.

  2. Targeted Reach: Direct mail enables precise targeting. You can tailor your mailing list based on specific demographics, such as location, age, income, or previous purchasing behavior. This targeted approach helps you reach the right people who are more likely to be interested in your products or services.

  3. Higher Response Rates: Compared to digital channels, direct mail often yields higher response rates. Physical mail tends to capture attention and encourages recipients to take action. People are more inclined to read and respond to a well-designed and personalized piece of mail.

8. Create a Social Media Advertising Campaign

Spend Money on Marketing

Running a Google or Facebook marketing campaign offers numerous benefits for businesses. Here are some of the advantages:

  1. Extensive Reach: Facebook is the largest social media platform with billions of active users worldwide. By leveraging Facebook’s vast user base, you can reach a wide audience and target specific demographics, interests, and behaviors. This extensive reach allows you to connect with potential customers who may be interested in your products or services.

  2. Targeted Advertising: Google provides robust targeting options that enable precise audience segmentation. You can define your target audience based on various criteria such as age, location, interests, behaviors, and more. This level of granularity ensures that your ads are shown to the most relevant individuals, increasing the likelihood of engagement and conversion.

  3. Cost-Effective: Facebook marketing offers cost-effective advertising options, particularly when compared to traditional advertising channels. You have control over your budget and can set daily or lifetime spending limits. Additionally, Facebook’s ad platform provides detailed insights and analytics, allowing you to optimize your campaigns and maximize your return on investment (ROI).

9. Promote Your Business on Connected TV

Spend Money on Marketing

Connected TV ads aren’t just for big businesses. Here are a few reasons to spend your $1000 budget on Connected TV advertising.

  • Promote your business during popular TV shows and movies on Fire TV, Roku, and more.
  • Reach your audience by watching major channels such as TBS, TNT, FOX, NBC, and more.
  • Brands that use connected TV to communicate with customers, build brand awareness, and improve sales can reap the rewards.
  • Connected TV ads allow you to engage your target audience on their terms.
  • Connected TV ads provide a better user experience than web-based content.
  • A connected television ad campaign is more effective than traditional marketing campaigns.
  • Connected TV ads bring together people who would otherwise be in separate geographic locations.
  • If you have a business that can benefit from connected TV ads, you can use them to increase brand awareness and your audience’s loyalty.

If you’re not familiar with CTV, it allows your business to build awareness on the largest TV networks during popular TV shows and movies. Use our strategy before you spend money on marketing. Devices include Roku, Fire TV, and other Smart TV options.

We show you how much do small businesses spend on advertising, how much do companies spend on marketing, average marketing budget by industry,how much should you spend on marketing as a startup,how much should i spend on marketing my small business

CTV technology helps your business run ad campaigns on the largest TV networks including TNT, TBS, Discovery, Lifetime, and over 950 more channels. 

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