Thursday, August 27, 2020

MARKETING STRATEGIES


There are many businesses who face severe problems in the early stages of its growth period and there are many businesses who face hardships in their later period. in this blog, i will inform you all about some marketing strategies that will help you not in  the early stage of you business but in the later stages as well.

There is no single answer to all of your questions, some techniques maybe new or some be old, some may work for you and some may not but its all a part of the process.after reading this blog you will understand and acknowledge some of the very great and good marketing strategies which will blow your minds and help your business to grow and expand nationally and internationally as well!

Either way you slice it, as long as the fundamentals of a sound business are there and you're working tirelessly to build an authentic relationship with the consumer by sincerely trying to add value, then there are 10 go-to strategies you can use to market new business strategy. 

1. Use social media.

You can't ignore social media. That's where all the so-called magic is happening. Some businesses have been built solely on the backs of social media. It can be intimidating at first. Sure. But as you build momentum, you'll find posting on social media to get easier and easier over time.

Of course, you could also hire a social media manager if you have money to burn. But if you don't, just be yourself. Be authentic. Post your thoughts. Post your products. Post anything that you find relevant and useful that would help your audience either learn more about you and your business, or about the industry that you're in.

Use direct messages on platforms like Instagram and even Snapchat or Twitter to reach out to other successful businesses or even to communicate with potential customers who might be looking for your products and services. This is very powerful marketing.

2. Create video tutorials.

One of the most effective ways to get the word out on your business is to create video tutorials. Teach people something useful. Walk them through it. Hold their hands. Step-by-step tutorials are all the rage. The better you are at this, and the more value you provide, the quicker you can boost your visibility, and ultimately, your sales.

Today, YouTube is the second largest search engine in the world behind Google. Whenever someone wants to learn something visually, they head there. You've likely done it yourself countless times. So just ask yourself what you could teach in your business that would help consumers solve some pain point? What got you into business in the first place?

The hardest part? Hearing your own voice playing back and even seeing yourself. Now, you don't have to appear visually on camera, but you'll likely need to be heard. You get used to it over time. But you can't ignore the visibility and reach of YouTube so get out there and start making authentic and useful videos today, right now.

3. Start blogging now.

Sure, you could start a blog. If you don't have a blog for your business, then you need to start one immediately. But you don't just have to blog on your own blog. Most people find blogging mundane because they lack the visibility. The truth is that your blog is going to be like a barren desert unless you know what you're doing.

But this isn't just about posting new ideas on your own blog. You should start authority blogging. Use platforms like medium to post content. Answer questions on Quora and Reddit. Or get out there onto LinkedIn's publishing platform. These are all authority domains that anyone can post on, which have massive audiences, giving you instant and immediate reach right now.

When you do blog, ensure that you blog effectively. Don't post thin content. Think about adding value. Worried about revealing all your business secrets? Don't be. Give away the farm. Give people so much value that you instantly become an authority in their eyes. This is one of the most powerful strategies you can use to market any business.

4. Understand search engine optimization. 

This is an area of marketing that I'm incredibly passionate about. But it's also an area that many people are deathly frightened by. Yes, SEO can be frightening. But it can also be powerful. And when you learn to leverage it and you learn SEO the right way the sky truly is the limit.

There are companies out there who teach you how to use shady PBNs and other link schemes to "trick" Google. It might get short-term results, but in the long term, you'll land in hot water. You can't take shortcuts with SEO. Just like in business, you have to put in the work and the time if you want to see the results.

Some tips for doing this the right way? Don't spam keywords. Hands down. This is one of the biggest mistakes most people make. Create your content for humans while also paying homage to search engines. But more importantly, ensure that whatever it is that you're conveying is insightful, engaging, unique and adds a tremendous amount of value.

5. Leverage influencers.

Want to get the word out there and boost your visibility on social media without taking years to build the audience? Then you should certainly leverage influencers. But the key is to find the right influencer. You don't have to go with influencers with millions of followers. You could opt for micro-influencers with tens of thousands or even a hundred thousand followers.

The trick? Find the right influencer in your niche so that you're targeting the right audience. It's not just about spreading your message. It's about spreading your message to the right consumer base. If you can do that properly, then you can likely reach a sizable audience for not much money invested when you think about the potential profit it can return.

If your sales systems and products are in place, then this makes sense. If you have an offer that's clearly converting, and it's simply about more visibility, then this is likely the right marketing strategy for you right now. Assess the situation and reach out to influencers and gauge their pricing. Do small tests and see what works, then scale.

6. Build a great lead magnet.

So much effectiveness in marketing really does boil down to creating a great lead magnet. I've found that the right lead magnet presented to the right audience can have explosive results. The best way to do this is if you can identify the right pain points and present a solution in your lead magnet, then you're well on your way.

What problem are consumers facing in your niche? What made you get into business in the first place? Ask yourself these questions before building out your lead magnet. The better you identify the problem or pain points at the outset, the better you'll be at actually addressing that with a solution in your lead magnet.

What type of lead magnet should you build? That could either be an ebook, a cheat sheet, a checklist, a video and others. Of course, it's not just about the lead magnet. You have to have a squeeze page with sizzling sales copy to get people to drop into your funnel. But it all starts with a great lead magnet. The better it is, the more effective you'll be at reaching your audience.

7. Use Facebook ads with re-targeting.

One of the most powerful methods you can use to market just about anything these days are Facebook ads. With Facebook, you can reach a very specific audience and you can do it very easily. You can target by interest, age, relationships status, geographic location, and so much much more.

But the trick here to getting great results isn't just about click-traffic. You have to focus on conversions and re-targeting through pixels. If you don't know how to install the Facebook Pixel on your site, then you absolutely must learn how to do this right now. Even if you're not running Facebook ads, you can build your audience with a pixel.

Pixels track everyone who comes to your site, and you can build custom audiences around them. For example, if you post content about how to learn to drive a semi-truck, and you track visitors with pixels, you can then market truck driving certification to people who have already shown an interest in that already because they visited that specific page. And your conversions will skyrocket.

8. Use LinkedIn the right way.

Do you have a video on your LinkedIn profile? Did you know that you can easily add one? Why not take the time to introduce yourself and your business. Link that to your profile description. This is an easy way to passively market your business, and when it's done right, it can lead to shocking results.

If you have lots of connections on LinkedIn and you're not really posting on there, start immediately. You can reach a large audience, especially when your posts go viral. This is a great place to convey the entrepreneurial journey. Talk about your challenges and tell stories. The more effective your stories, the larger your potential reach when you go viral.

You can also reach out to other businesses and collaborate with like-minded entrepreneurs on LinkedIn. It's a great go-to resource for all things business and too many people overlook this.

                     

Thursday, August 13, 2020

ALIBABA: WHAT LED TO ITS SUCCESS

Alibaba is china's one of the fastest growing and the biggest growing e commerce market. there are many marketing and sales strategies behind the same reason(some of which are mentioned below) but the main credit goes to Jack Ma for building the business and taking it upto such great heights.This anatomy on China's biggest and the fastest growing business will surely help you and your business to reach out to more people and increase your sales internationally as well!

let's get started!


1. Unique business model. Alibaba provides services mainly to small enterprises and individuals. This defines a unique business opportunity which emancipates the productive forces of small enterprises and offers more diversified consumption choices for consumers. Be it 1688 (a B2B e-commerce platform), Taobao or YidaTong (the largest Chinese professional import and export agent), all of Alibaba’s three core businesses focus on providing services to small enterprises, accumulatively creating value that would not have been possible individually. Together, they represent a complete e-commerce ecosystem. By focusing on small enterprises, a large selection of goods is made available to a large variety of target consumer groups.

2. Unconventional profit model. Alibaba charges for services in marketing and technical support, instead of for admission. This contributes to a large and robust market share made up of loyal customers. Alibaba’s profits mainly come from advertisements and keyword bidding, which represents 57% of total profits. The second most important source of profits (representing 25%) comes from technical services based on big data of consumer behaviors. By removing intermediate fees and allowing sellers to register for free, Alibaba was able to cultivate the online transaction habit among Chinese customers. eBay China, on the other hand, charges a fee for its platform transactions. By gathering a large number of sellers, Taobao succeeded in attracting even more customers. Currently, the Alibaba platform represents more than half a billion registered users, including more than 0.23 billion active buyers and more than eight million active sellers, while its annual orders have exceeded 11 billion. Alibaba is able to leverage the large number of customers on the platform and also make use of the advertisement, keyword bidding and customer’s data for profit.

3. Reliable credit model Alibaba’s accurate credit model helps to develop a trustworthy reputation among customers. All sellers on the e-commerce platform are requested to pass an online certification test to verify their identity information. This reduces illegal transactions as sellers are supervised on the platform at all times. Apart from that, all transactions are recorded and can be traced back by both sellers and customers. This protects the legitimacy of each transaction and helps customers choose more reliable sellers. As an additional layer of protection, payments are first transferred to Alipay and only released to sellers when buyers indicate that they have received their products in good condition. In addition, the system is built such that online feedback is highly encouraged. Customers are rewarded for the reviews they contribute with discount coupons. These buyer reviews help other customers in their overall purchasing experience and decision-making process, which reduces post-purchase regrets.

4. Support services for customer satisfaction. Alibaba’s service offerings provide a comfortable purchasing environment and positive online customer experience, leading to high user engagements. Alibaba offers a suite of support services to ensure optimal customer satisfaction by helping sellers to maintain positive interaction with buyers. Some of these support services include the offering of online business training for sellers, introduction of a special coding system to manage the large number of stores on the platform, development of its own instant communication tool for better seller-buyer communication exchange, and the reimbursement of any product with refunds completed within seven days. These support services help to generate more transactions.

5. Sensitivity to business opportunity. Alibaba excels at identifying and seizing unique business opportunities, thereby positioning itself as a leader in developing customer loyalty. The ‘Double 11’ festival falls on November 11, between Chinese National Day and Christmas. Most customers typically avoid shopping during that period but Taobao has successfully turned that day into an actual shopping festival.


Tuesday, August 4, 2020

JEFF BEZOS'S ROAD TO SUCCESS

Jeffery Preston Bezos, the American entrepreneur, , media  and investor has seen many highs and lows in his career but still maintained to be the best among the rest. 
image courtesy-https://images.app.goo.gl/gMWLzsvXzKUfT5SJ6

Jeff Bezos, founder, CEO and the president of the multinational E-commerce company, Amazon, is worth 18,100 crores at just the age of 56,more than most businessmen his age. But what is the story behind his immense success? Let's find out . 

1) FUTURISTIC PLANS: Jeff Bezos knew where the future was heading, how the generation was going to move towards E-commerce and become more tech-centric so he striked the plate when it was hot. 

2) NEVER LOSE HOPE: Amazon has seen so many failures, but that did not keep Jeff Bezos from making it one of the biggest E-commerce sites in the world. Fire phone, Amazon local, testdrive, askville are just a few of Amazon's failures. But Jeff realized the fact that it is from these failures that a company grows and learns. 

3) OUT OF THE BOX IDEAS: Bezos always had such exquisite ideas that were incomparable to any other E-commerce site. Alexa, Amazon pay, F-1 engine retrieval project, all of them are a big hit due to their uniqueness. Also, Bezos will also be completing his childhood dream of becoming a space entrepreneur soon. 

4) NEVER CONTENDED: Bezos always had the fire to learn more. He wanted to achieve more and more whilst improving his skills. At the age of 30, he was already earning a six figure salary. While people thought he was well-settled in his life, he made other plans. While surfing through the internet one day he came to know that web world is growing by 2300% and instantly knew what he wanted to do. 

5) EXPERIMENT AS MUCH AS YOU CAN: One thing that many people have noticed in the success story of Jeff Bezos is that he never stopped experimenting. He kept testing different gadgets, technologies, advertisement ideas and was very stubborn and flexible in his work. 

Moreover, Jeff Bezos knew how the business world worked and what the people wanted and served them just that. He may not get as much publicity as Mark Zuckerberg or may not have the charm of Steve Jobs, but he sure has some business skills which none possess and that makes him the biggest businessman in the whole world. 

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