Ripples Advisory get 5 Creative Strategies for Marketing Your Startup

Posted by ripples advisory on July 12th, 2018

Bootstrapping builds character. There are endless ways to finance your ideas, but there’s nothing like marketing a startup with a modest budget to encourage innovation. Limited funds give you an excuse to flex your creative muscle and truly share your vision with the world.

Don't rely on the same old banner ads and Google reviews. Instead, try these eight marketing strategies to place the spotlight on your business.

1. Share your central "why."

“What do you do for a living?” This simple question is one you’re asked during almost every introduction. If you answer with a quick, “I’m an entrepreneur” (vague and a little diluted) or, “I run a small business” (makes people think of brick-and-mortar spots), you’re cheating yourself out of an opportunity to generate word-of-mouth marketing for your business.

Instead, develop a narrative that differentiates your company from others and sparks conversation. Does your startup support a certain cause with every sale? Say so. Did you come up with your business idea during a troubling life event? Mentioning it may inspire those around you.

2. Don’t just sell -- engage.

As an entrepreneur, your instinct may push you to sell to everyone you meet. Though there’s nothing wrong with flaunting your brand now and then, it’s important to give your company relevance and participate in discussions that don’t quite revolve around your business.

With social media, it’s easy to engage your target demographic without looking like you’re just trying to advertise. Some businesses may leave encouraging comments on photos of people’s food; sports equipment retailers may “re-post” articles on a local high school basketball team’s recent win. Build brand trust by showing your support, whether of your community or your online following.

3. Carve a niche and build industry credibility.

Your startup’s shoestring budget can’t keep you from carving out its own niche. Assemble a culture around your business by offering an insider’s perspective to those on the outside. A blog can offer laymen the chance to understand your trade with a new perspective. A webinar or a podcast can help viewers (or listeners) feel like experts in your field. Speaking at an incubator, expo or niche event can put you in the role of the teacher and allow you to share your groundbreaking ideas with an immediate audience. The small business convention you attend every year is probably in need of a few more keynoters; why don’t you try speaking instead of observing?

4. Help people discover your content.

If your startup is fit for the twenty-first century, it maintains some sort of online presence. In fact, you may be satisfied with just a website, some social media pages, a blog, or even a pre-launch Web page. Just because your content is online, though, doesn’t mean it’s easily discoverable by your target audience.

With every post you publish, use keywords specific to your niche, like “vegan leather tote” instead of “handbag,” for example, to improve your Google rankings. You can also use these hyper-targeted keywords to power your social media-based audience acquisition. With Socedo, a social media automation tool, you can find Twitter users who post content using your niche keywords and engage with them over time.

5. Send out irresistible e-coupons.

You’ve probably experienced coupon temptation before. Research shows that very few can resist the appeal of a great coupon; four out of five consumers use coupons regularly both in-store and online. Moreover, about half do business with a particular company because they were provided a coupon.

While you could go the old-fashioned route and distribute coupons via snail mail, exclusive e-coupons hit two birds with one stone by convincing more people to join your email list. There are also some clever ways to integrate e-coupons into your email marketing strategy.

Those who are already invested in your mission will appreciate the ways in which you thank them for their business. People new to your company will be more likely to join your following. It’s a win-win.

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