What is the Best Marketing Strategy?

8. Create a website to own your online presence.
Having a professional-looking website is one of the most important assets you will create for your small business. This is where you will show who you are, what you offer, where you are, and how a potential customer can get in touch with you.

7. Use free promotional tools.
Speaking of free promotional tools, it's important to note that since you've committed to a limited goal and scope, there's no need to inflate your overhead with gadgets. Use free promotional tools where possible, and only commit to paid tools if you know they will drastically improve existing operations or performance. Here's a helpful list of marketing tools (some free and paid).

Even if the need doesn't arise (in cases where it's a one-and-done purchase with no upsell opportunities), you should still delight your customers. Word of mouth is a powerful (and free) promotional tool.

Identify your opportunities for repeat purchasing, upselling, and cross-selling. Because your existing customers have already made a purchase, they already know, like, and trust you. If you've provided a good experience, you've given them a reason to do business with you again should the need ever arise.

6. Understand the power of existing customers.
On average it costs five times more to acquire a new customer than close an existing one. This means you shouldn't stop marketing once they've made a purchase.

5. Double-down on what works.
Once you have your initiatives running and you've experimented with a few things, pay attention to the data. This can inform you of what's working. As you scale, it's a good idea to double-down on proven methods of generating revenue.

If you have evidence that people are taking to Google with purchasing intent for your particular solution, you may find that paid ads will give you that short-term ROI.

Tactics that take time to build (such as SEO) are poor fits for your primary initiatives because you won't see a return soon enough for your liking. If you have enough resources to start there, great, but don't put all your eggs in that basket.

4. Capitalize on short-term plays.
Start scrappy. As you scale, it's critical to see ROI sooner. This will give you the momentum and cash flow to put toward larger projects, long-term plays, and more sustainable growth models.

Instead, identify where the biggest impact will be. Where is the biggest blind spot in your marketing that's prohibiting your growth? Set a performance goal around that one key area and focus your resources on the activities and tactics that will achieve that one performance goal. You can expand your efforts or pivot to other initiatives when you've made more progress toward that singular goal.

3. Stay focused on singular goals and objectives.
If you're exploring the world of marketing, you may have noticed that there are a gazillion directions you can go in. It's tempting to do it all at once and craft a complicated machine in hopes that you covered all your bases, and it's easy to take on too much.

2. Emphasize your value proposition.
If there's no difference between you and your competition, there's no reason why a buyer would be compelled to work with you. Your value proposition is what will differentiate you from others in your space and make up your prospects' minds that you're the provider to go with. What do you do better than anyone in the industry? Conveying this makes a compelling argument.

Start by thinking about your existing customers and who you'd like to work with. Then, create a buyer persona to start the process of getting into the head of your ideal client.

Buyer persona guide template

Download Free Buyer Persona Templates

What is pushing them to make a purchasing decision? What does it look like if they succeed? Knowing these things will help you craft messaging that resonates and makes a compelling case for your solution.

1. Know your audience.
A key mistake is thinking that "anyone" is your buyer. Larger companies may be able to appeal to a wide market, but they say, "the riches are in the niches" for a reason. A niche is where you'll have the most leverage as a small business. And to develop a niche and appeal to buyers within the niche, you must understand their pains, problems, triggering events, and priorities.

Make sure you're capturing web prospects' information.
Use email marketing to nurture leads.
Manage relationships with a CRM.
Lean into word of mouth as a promotion channel.
These strategies are fundamental as you generate awareness and revenue for your organization:

Capitalize on short-term plays.
Double-down on what works.
Understand the power of existing customers.
Use free promotional tools.
Create a website to own your online presence.
Consider blogging to attract prospects for your website.
Promote yourself on social media.
Invest in ads.

Know your audience.
Emphasize your value proposition.
Stay focused on singular goals and objectives.