Three core Internet marketing strategies for small business…
April 20th, 2008Internet Marketing is a now a must do marketing activity for any small business wanting to prosper in the so called Information age. However, with this being said, marketing your small business on the Internet does not need to be expensive, nor does it need to be complicated.
There are many small business marketing opportunities available, just like in the real world.
Small business Internet marketing can be a very cost-effective way of promoting your bricks and mortar business locally and/ or to the world. All that one does is choose from the wide variety of marketing options available, and then consistently apply them to get measurable results.
So, what are these strategies and how does one apply them?
For the average small business there are only THREE approaches to Internet marketing that one needs to consider, being…
1. Paid search marketing (Pay per click marketing, and its numerous variations), and… 2. In-context link marketing (being commercial links within content on a specific topic), and… 3. Natural search marketing (SEO, content marketing, blogs and its numerous variations).
And, what are the benefits/ costs (pros and cons) of these approaches?
1. PAY PER CLICK SEARCH MARKETING:
The effectiveness of your paid search marketing campaign is directly related to the keyterms you chose to use. The other key factor here is your landing page for you PPC advertisement. In essence, Paid search marketing works a little like the marketing you (as a bricks and mortar business owner) already know and use in the real world. The main difference here is that you pay per click.
The PROS: You get your ad before prospects quickly.
The CONS: A) Specialist skills required. And, you can lose a lot of money, fast! B) PPC specialists are not cheap. C) You continually need to run your ads. D) Can be very costly (especially for commercial keyterms). You only get to play as long as you continue to pay.
2. HYPERLINK within CONTEXT LINK MARKETING:
By utilizing other people’s keyword focused and existing content you’re able to promote your local business (say you’re an accountant) via other people’s focused content. This is a commercial pay per click arrangement between the content creator, yourself (the advertiser) and the in-context web system that matches the two parties in the arrangement.
The PROS: Information is the currency of the Internet. When you use these embedded hyperlinked, and within context ads correctly they can be a very effective advertising medium for small business. The clickthroughs may be lower than the PPC model, but the quality of visitor is usually much higher.
The CONS: A) Competition for commercial keyterms is fierce. This continually drives your costs up. And, you only get to play as long as you continue to pay. B) You have limited control over where these hyperlinks are placed, because it’s the In-Context advertising system that places these links in the participating publisher’s content for you. C) To get best results here one needs to utilize specific landing pages for the clickthroughs from your different ads. This is called the search path, and again it’s a specialist skill that’s needed to set up good search path landing pages.
3. MIMICKING NATURAL SEARCH MARKETING:
When a small business interfaces with the fundamental way people use the Internet THEY win. This approach is called natural search (or search marketing). This approach can be especially powerful for small businesses wanting to market themselves locally, regionally (or even across the world). Search marketing strategies require a different approach to the other methods already discussed.
Note: SEO is a term used to describe the optimization of web pages. Search marketing is different (though related). Search marketing integrates SEO and information search paths to better interface with the web user searching for specific information.
The PROS: Natural search marketing is about being found FIRST when people search the net for a solution to a problem. This type of web marketing actually benefits the searcher, and it is never viewed by them as an advertisement. Search marketing allows savvy local businesses to compete on a global level, because there is no shortage of niches one can dominate using search marketing strategies and methods.
The CONS: A) Content is King on the Internet, The continual adding of content to your natural search system is of paramount importance to its success. However, this content creation can be very easily outsourced. B) This is a slower approach than the PPC and In-context marketing systems. However, the (long term) ROI from natural search marketing for small business far exceeds the hit and miss results of using the other two approaches (and their ongoing costs).
To summarize… Marketing on the Internet for small businesses no longer needs to be seen as a mysterious event. There is still be a great divide between those businesses who are using the web properly, and those who don’t. However, armed with this information, you now have a choice.