Online Marketing Mistakes That Are A Huge Waste Of Money
The good thing about online marketing is that in many instances, it is for free. There are paid ads though that will make your business more popular. The only problem is that if you don’t use them wisely, they could be just a waste of money.
Be careful in deciding which strategies you need to spend your money on. Here are some mistakes you need to avoid.
Giving too much attention on Facebook ads
There is no doubt that Facebook is such a huge platform for advertising. With their growing number of users from around the world, you can rely on this social media site to really boost your popularity. Some companies would even say that the amount they are spending is totally worth it considering how popular their business gets.
Just remember though that Facebook is not the only major online platform available. You can also invest in Instagram, YouTube and even LinkedIn. The key is to diversify your ads and make sure that you don’t just stick with one site.
Sending untargeted emails
Email marketing might seem like an obsolete strategy, but it still works if you target the right people. If the email reaches those who are really interested in buying what you have to offer, there is a good chance that your business will be more popular. Of course, you have to pay for a targeted email list. This would cost you more money, but you know your efforts are not futile.
Compare this with random emails sent to just any person whose email you know. There is no guarantee that this person will even respond to what you have sent. Worse, this could be annoying to them. Instead of building your brand, it destroys your reputation.
Not using data analytics
Don’t just advertise by putting things out there. You also need to know who you are advertising to and how to effectively package your brand so they will patronize what you offer. Getting the right data allows you to determine where they live, how much they earn, what their interests are and many more. You can craft ads based on the information gathered.
Spending ads only on big influencers
Obviously, you want people who have huge influence online helping you in your marketing strategy. You spend money to post ads on their sites. Just remember though that not all heavy influencers also have a strong level of engagement online. Some of them are not that engaged. Eventually, they will just lose their following. You need to also check how engaged they are before deciding that they are worth spending your money on.
You can do a trial and error method when it comes to online marketing. Just make sure that when it comes to paid ads, you are careful. You want to spend your money the right way. Otherwise, it would be wasting money you could actually use somewhere else.
Photo Attribution:
Featured and 1st image from https://marketingland.com/wp-content/ml-loads/2017/04/people-digital-content-data-ss-1920-800×450.jpg
2nd image from https://blog.bufferapp.com/facebook-advertising-cost
