paint-brush
Steal Like Robin Hood: 3 Low-Cost Marketing Ideas for Small Businesses by@iamhadeh
319 reads
319 reads

Steal Like Robin Hood: 3 Low-Cost Marketing Ideas for Small Businesses

by Adekusibe OgunmokunJuly 17th, 2022
Read on Terminal Reader
Read this story w/o Javascript
tldt arrow

Too Long; Didn't Read

Find out what affordable marketing ideas you can steal from Hubspot, Upwork, and Canva. These are offering free resources, email marketing, and user-generated content,
featured image - Steal Like Robin Hood: 3 Low-Cost Marketing Ideas for Small Businesses
Adekusibe Ogunmokun HackerNoon profile picture

Are you looking for low-cost marketing ideas for small businesses?

Then let’s steal some.

Although stealing your competitors’ ideas might sound scammy, it’s faster, safer, and more effective to look at what’s already working.

This post will look at what Hubspot, Upwork, and Canva did to generate traffic, grow sales, and develop their brands.

1. Offer a lot of free but valuable stuff 

Think of Hubspot, and you can see what they are giving for free, such as:

  • An academy where all the courses are entirely free. 
  • Documents and templates of all kinds
  • Free CMS plan (that you can upgrade to a paid plan).
  • They have 557 Videos and 211k subscribers on YouTube (As of today, July 14, 2022) 

For context, they have more than 1 million users on their services.

Create free resources

The same applies to Canva and Upwork. They have lots of free resources that offer their customers immense value and make it easier for them to keep coming back.

What to steal from them:

  • Understand your buyers through persona and research
  • Look at the other areas of their businesses and lives. What can you create or design to help?
  • Create free tools and products to help them 
  • These can be videos, free ebooks, courses, or templates.
  • You can hold a webinar by inviting an expert or another customer to do the teaching.

Cost

How much will it cost to create 100s of videos, write books, or create free tools?

That’s a good question.

Are you creating the resources or hiring people to do it? The cost can be a few bucks to thousands of dollars per tool. So I suggest you should start small.

Think about 100 videos as 2 videos per week for one year. You can hire people to create those, even with a tight budget.

Where to find video creators at affordable prices: 

  • Upwork
  • Fiverr
  • LinkedIn

Always think about stuff that will make them visit your page because of the valuable resources they get for free. In business, you have to keep appearing when your customer needs your products. But it must be for a good purpose. 

2. User-generated stories

What happens when people take Hubspot courses and earn a certificate from them?

They share it online like a badge of honor. 

It’s user-generated advertising.

More people see it. If they are marketers or business owners, they might want to try it out. Therefore, they get to know Hubspot and its products.

It’s a win-win for everyone.

The good part of this process is that once the course is created, it can serve your brand for years. 

Upwork

If you have used Upwork, the management usually organizes lectures for users. Many of these lessons are handled by people who have had successes on Upwork. 

Canva

There’s a group on LinkedIn where people show how they have used canva in their businesses. You will find extraordinary designs which, on an average day, you wouldn’t have imagined were created with Canva. In addition, you get a badge for being an active contributor if you participate regularly.

These are examples of how these big brands use low-cost marketing ideas for small businesses.

And you can do it.

One of the reasons people might be reluctant to respond to your request is because they don’t see what value it will add to them. Like HubSpot certifications, give out a badge or honor people who participate. And participation should be worth the time and effort.

All of these are low-cost marketing ideas for small businesses. You can start by asking your customers for pictures, a short video, or reviews. 

3. Email Marketing/Blogging 

Recently, Hubspot acquired Thehustle.co. 

The Hustle is a newsletter publication and the biggest in the world, with 1.5 million subscribers, and it’s still growing. HubSpot acquired it for $27,000,00

It shows how much value a big email newsletter is worth and how much Hubspot cares. This acquisition is also proof of the profit and popularity of email marketing.

So you’re a business owner who thinks email marketing isn’t your thing. Well, think again. 

If your business is online or your customer uses a phone, emails are worth trying, even if you are a location-dependent business. 

77% of marketers have seen an increase in email engagement over the last 12 months.

Smartphone users prefer to receive brand communications via email. 

64% of small businesses use email marketing to reach customers.

Source: Optinmonster

These stats show it’s a practical, low-cost marketing idea for small businesses. You can find more data in the link above, which most emphasize the truth. You need to lean into email marketing if you haven’t started already.

How to start

Starting a newsletter isn’t hard. The hard part is consistency, choosing what to write about, and growing the number of subscribers.

What would you write about if you were an online food ordering service? 

The answer is here: what do your buyers want to read about? FOOD. THE CITY. HEALTH BENEFITS

You can get more ideas when you study your audience and competitors. You can do keyword research.

Not every small business will need an email marketing strategy, but if you can start a blog, chances are you need to lean toward email marketing. 

So how do you start a newsletter or email marketing strategy? 

  • First, understand your buyers.
  • You need to choose a newsletter software like Covertkit or Mailchimp. Platforms like Substack and Medium feature that lets you build a newsletter. 
  • Schedule your delivery which could be daily, weekly, or twice a week. 
  • Then offer the same value described in the first point. Again, give valuable and free resources.
  • You need excellent writing and conversion skills. Check this post to improve your writing. 

Blogging

Look at these blogging statistics:

Companies who blog get 97% more links to their websites.

In addition, blogs have been rated as the 5th most trustworthy source for gathering online information. 

Businesses that blog experience twice as much email traffic as businesses that don’t.

Small businesses shouldn’t ignore blogging. If you do, you’re missing out on the powerful benefits of Search Engine Optimization. You can drive web traffic with the type of content your audience loves. 

I like to mention the Upwork blog when talking with a small business owner. When you check it, the pages are filled with details of how customers grow, including tools and tips for customer success.

Cost

Blogging is a low-cost marketing strategy. If you are using a template blog set on WordPress, the cost can be ridiculously cheap. It becomes cheaper if you already have SEO knowledge and understands how to use tools like Google Analytics, Search Console, and other paid tools like Ahref or SEMrush. 

If you don’t know a lot about SEO, hire someone who can help. Spend a little to get a lot, especially with local SEO. It can change your business’s success for a long time.

So what are you trying first?


Also published here