Regardless of the nature of your business or industry you re in, starting a company can be an overwhelming experience. You feel proud that you re finally launching your startup. But, you also feel worried about the difficulties that lie ahead. Just thinking about which traditional or digital marketing strategy to use can be intimidating since the last thing you want to experience is failing to gain enough support.
Marketing is an inevitable necessity for every startup. But with the wrong steps, your marketing efforts can be the very reason for your early business debacle. Here are some common marketing mistakes that your startup needs to avoid in order to secure success for your new business:
1. Copying marketing ideas from competitors
While you have to stay alert about your competitors promotional activities, copying exactly every marketing effort they do won t make your business stay ahead of the competition. Even if you share similar products or services with other brands, your business has unique needs for your marketing strategies. You can t use marketing methods that only work for seasoned businesses. Instead of following their footsteps, treat your competitors marketing ideas as inspiration for you to create your own marketing move.
2. Being scared to try new technology
In the modern marketing age, traditional methods, such as print and broadcast advertising, are not enough to reach out to your target audience. Most people nowadays spend much of their time on the Internet. Hence, you need to use marketing tools that will keep you in touch with a tech-savvy audience. Spend time in studying the different digital marketing areas, especially social media and content marketing. You don t want to be the only business in your neighborhood that hands out fliers when everyone else is sharing viral promotional videos on Facebook or Twitter.
3. Not investing enough in marketing
As a startup, your number one goal is to build a solid customer base that will sustain your business longevity. It s understandable for you to be mindful about every expenditure and investment you make. But failing to allot enough budget for marketing is a big no-no. Your first few marketing attempts may not attract a lot of new customers, but this should not discourage you from continuing to promote your brand out there. There s no point in having topnotch products when nobody knows what makes your brand special.
4. Handling marketing all by yourself
There s a reason why companies build marketing teams instead of appointing just one marketing officer. It s because marketing requires fresh and innovative ideas from different perspectives, in case the previous ones are no longer working. The need for multifaceted views is augmented by the time and effort needed to launch every marketing campaigns. For these reasons, you just can t assume that you can handle all marketing tasks alone. Whether you outsource to a third party provider or build an in-house team, you need to have dedicated employees who will take charge of your marketing needs.
When you ve invested a lot and placed everything on the line just to witness your startup idea turn into reality, it s normal to be scared of failing too early. Marketing is one of the tools you can use to fortify the foundation of your startup. By following these tips, you can help your new business have a stronger marketing path that can lead you to greater heights and stronger customer loyalty.
