As a start-up, it is not always easy to get funding. Many start-ups use their savings, ask for it or simply go day-by-day trying to figure out how they can get things done for free! Well, you can manage your finances starting your business, but marketing is something you won’t have much budget left for; dont’ worry. Even with the limited funds, you can share your vision with the world. Start-up Marketing is a science. You need to have the right mix of channels to make it effective. We bring you an exclusive list of the most powerful strategies that have placed many start-up businesses under the spotlight.
Ultimate Strategies to Market Your Startup
1. Identify Your Demographic
Start-up founders are so passionate that they almost eat, sleep and breathe their products. It is very easy for them to believe that everyone in the world is going to love their idea or product but the reality is really harsh. Only a small proportion of the population is actually interested. So, rather than wasting your time and money in marketing your start-up to everyone, identify your target market and target demographic and then go after it aggressively.
A very good example of this can be Bizdaq. It is a SaaS start-up that facilitates business owners to sell their business online for free. They dropped their entire pre-conceived notions to market themselves offline for a service that was offered online. Thus, they picked up the phone and contacted their early adopters to understand the demographic. This led to a 210% increase in their customer base.
2. Share the “why” of your Start-Up
When asked about your business, you have a big opportunity to generate word-of-mouth marketing. Create a story that clearly differentiates your startup from its competitors. If your business is supporting a certain cause, feel free to say so. If you came up with this idea during your struggle time, narrating it is surely going to inspire people around you, who in turn will recite your story to many others.
In short, sharing the “why” of your start-up makes it more memorable to others. Go ahead with that! hen asked about your business, you have a big opportunity to generate word-of-mouth marketing. Create a story that clearly differentiates your start-up from its competitors. If your business is supporting a certain cause, feel free to say so. If you came up with this idea during your struggle time, narrating it is surely going to inspire people around you, who in turn will recite your story to many others. In short, sharing the “why” of your startup makes it more memorable to others. Go ahead with that!
3. Engage with your Audience
As a business owner, you may want to push the ales of your product and there is nothing wrong with it, but rather than selling your product, focus more on engaging with your audience. Participate in discussions; show your support to followers in your niche. Don’t always flaunt or advertise your product or service but try to offer solutions to people looking for related products or services too. It will help you gain audience attention and establish your brand.
These are a few things you can begin to do.
