Social Media Marketing on a Shoestring Budget: 5 Strategies
Social media marketing can do wonders for a business. It can help increase brand awareness, boost website traffic, generate leads, and amplify sales, among other benefits. This may explain why some businesses are spending thousands of dollars on social media marketing alone.
But does this mean you can’t succeed with social media or marketing if you are on a shoestring budget? Not. In this guide, we will walk you through tips and strategies to help you launch and run a successful social media marketing campaign on a strict budget.
Top 5 Strategies Of Social Media Marketing on a Shoestring Budget
Understand Your Audience
Before you launch your social media marketing campaign, you must clearly understand your target audience. Understanding your target audience will help you create and launch targeted campaigns that specifically reach people who are highly likely to purchase your products or services. With the proper targeting, your conversion rate will be high, and you will avoid wasting your marketing funds on individuals who won’t convert.
To learn more about your audience, you can simply use the information that you may already have, depending on people who have interacted with your business. This can be through visiting your website or buying your products. You can then use this information to come up with a buyer persona.
If you don’t have much information about your audience, you can examine your competitors’ customer data. Considering you are targeting the same audience, your competitors’ customer data will also give you valuable insights, which you can use to build a buyer persona.
Building a buyer persona will give you an overview of your ideal client. The buyer persona may feature age, gender, location, hobbies, interests, and shopping behaviour. This information lets you know which channels to use to get maximum ROI. If you wish to ace the game of social media marketing, you must take a shot at online digital marketing courses. A detailed training course will help you to generate more ROI as a business owner.
Choose Your Platforms Wisely
Currently, there are dozens of social media platforms. You may be tempted to establish a presence on all these platforms. But, since you are working with a strict budget, you must choose a few platforms to market your business effectively.
The question is, how do you know which social media channels to focus on? Well, you should think about your brand’s image, audience, competitors, and products or services you are selling.
Leverage Free Resources
You will need to use visual graphics in your social media marketing campaigns. Studies show that if someone consumes information paired with a relevant image, they are likely to retain at least 65% of it, compared to only 10% when there’s no image. Hence, visual graphics will help to boost your social media campaigns significantly and drive your conversions.
The good news is that you don’t need to be a professional graphic designer or hire one to develop visual graphics. Plenty of free resources and design tools exist that you can use to create striking visual graphics.
Also, several platforms allow you to download affordable, high-quality social media templates and visual graphics for your campaigns. After downloading these templates, you simply need to optimize them to match your branding, and you will be good to go.
Partner with Micro-Influencers
Influencer collaborations can be an effective method of boosting the ROI of your social media marketing campaigns. They can help enhance your brand’s online reputation, increase your reach, and attract new customers.
And you don’t have to partner with celebrities. They are too expensive, and you are operating a strict budget. Instead, it would be best if you approached micro-influencers in your niche. Besides being more affordable, micro-influencers tend to generate more engagements and views than celebrities. So, you will maximise your marketing budget, and the returns will be outstanding.
Repurpose and Recycle Content
Repurposing existing content can save you time and money. If you have some existing material, you can repurpose it into different forms and post it on your social media channels.
For instance, if you have a blog post, you can convert it into an infographic and post it on Facebook. You can also repurpose the blog into tweets or make a thread.
When done right, repurposing and recycling content will help you maximize what you already have and save money you may have spent creating new, high-quality content.
Summary
Just because you don’t have thousands of dollars to spend on social media marketing doesn’t mean you should miss out on this marketing channel’s benefits. With the tips and strategies we’ve shared above, you should be able to get results from your social media marketing campaigns, even on a shoestring budget.
