How Should You Spend $1000 Per Month on Online Marketing?
The right online
marketing campaigns can provide your business with the targeted traffic that
you need for improving your sales and profit margins. As long as you develop
compelling offers, create captivating content and place enticing marketing
materials in the right Web places, you're bound to get lots of new customers,
repeat buyers and viral marketers.
However, starting
with a $1000 monthly budget would most likely be difficult, especially if you
don't know what to do. And, that's our main objective at the moment - To help
you craft an effective Internet marketing campaign while sticking to your $1000
monthly budget. So, read on to learn how you can pull this off and at the same
time get the results that you need for your business.
Steps to Get Viable
Online Marketing Results at a $1000 Monthly Budget
First, create an
ideal customer avatar for your business. If you do this on your own, it won't
cost you anything except your time. If you want to hire a market researcher
with significant relevant experience, then you can spend up to $200 for a
week's worth of work. You can do this by identifying and listing down the age,
gender, location, relevant interests and personality traits of your target
prospects. Once you do this, cross-check your list against the matching details
of prospects who would most likely be more inclined to purchase your offers, or
at least to share your content with their peers. This will greatly help you
develop a cost-effective online marketing campaign.
Second, identify
the online places where your ideal audience most likely hangs out. This is
still part of your market researcher's work, in case you decide to hire one to
help you develop your online marketing campaign. For example, certain groups of the same race,
gender, age brackets and current location, particularly those that share
relevant interests, might spend more time in Youtube than in Facebook or
Twitter. The objective is to find out where they hang out on the Web, discuss
topics relevant to the benefits that your offers can provide, and where they
expect to learn about helpful pieces of advice and recommendations from others
with authority expertise in related subject areas.
Third, use the data
at you have at this point to create your ads and online marketing materials. Remember,
the images and headlines of your ads should grab the attention of your ideal
prospects when they see it in the Web places where they hang out. The copy
should have an effective call-to-action, which should entice them to check out
your offers. And, the content of your landing pages should compel them to grab
your offer, or at least leave their emails and mobile numbers, or to share your
landing pages to their peers.
If you don't have
the necessary expertise to pull this off on your own, then you can hire
professional ad creators and copywriters. However, seasoned copywriters don't
come cheap. You're better off doing the content, and just hire a good graphics
designer offering reasonably priced services to format and improve your
materials. This can cost you up to $200.
Fourth, since you
have $600 at this point, check out the ad placement rates of the Web platforms
where your target audience hangs out. Pick out four of the most likely places
where your online marketing campaigns could generate the best results. Keep in
mind that there are pay-per-view (PPV), pay-per-impression (PPM) and
pay-per-click (PPC) options. Since this is your first month, you're recommended
to choose the PPC option.
Fifth, track the
results of your online marketing campaign. Take note of the Web platforms that
generate the best results for your business, in terms of clicks and
conversions. You'll use this data to improve your marketing campaigns on the
platforms that produce viable results, and to drop those that don't.
For the next month,
you'll be able to spend more on ad placements than on identifying your ideal
prospects, knowing where they spend time in and developing your marketing
materials. You can use a bit of your $1000 budget for the next months on
improving your marketing materials, based on the data that you get from the
results of your online marketing campaigns.
That's it - This is
how you can set a $1000 monthly budget to implement a viable online marketing
campaign. Just don't forget to track your results and test out variations of
your marketing materials. Also, it would be best for you to identify other Web
places that might convert better for you. It might be cheaper to place your ads
and online marketing materials on those sites than in more popular ones, but
still produce the results you want.