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The world of business involves many risk-taking attempts. Business owners experience numerous obstacles from the moment they plan and start their business to maintain it and make sure it grows. From developing your business ideas to looking for qualified people to hop on board your venture, starting a business takes a lot of courage, patience, and knowledge. Financing via a 401k could be an avenue you haven’t thought of.
All businesses face different kinds of hurdles and challenges in the process of starting and growing their venture. The Small Business and Trade Alliance conducted the Small Business Trends survey on over 2,400 current and aspiring business owners in the United States. This survey included questions about their current biggest obstacles as business owners.
Although the pandemic, without a doubt, can be considered one of the greatest challenges of 2020, the survey also contained questions about non-pandemic-related challenges. Among these top challenges include recruiting and retaining employees, marketing and advertising, time management, administrative work, and managing and providing benefits. The number one challenge, at 23%, however, is the lack of capital or cash flow.
In the United States, around 20% of small businesses fail in their first year and 50% in their fifth year. The lack of capital is one of the numerous reasons small businesses end up throwing in the towel.
Business owners are usually thoroughly aware of and keep a close watch on how much money is needed to keep the company or the business going. It includes expenses such as daily spending, payroll funding, paying fixed and varied overhead expenses like rent and utilities, and payments for external vendors or suppliers. They also make sure to explore various and alternative investment strategies as a way to increase their funds.
On the other hand, business owners who do not closely monitor expenses and revenue generated from sales of products or services are more likely to fail than succeed. In addition, it can lead to inadequate funding, which could ultimately put the business out of operation.
With this, it is critical for aspiring and current business owners to be in tune with the financial state of their business. Financial challenges and hurdles are inevitable and are part of the business process. However, business owners must explore various ways to fund their venture. There are several ways to get financing for your business. Getting business loans is one of the most common methods to do this.
Another way to solve your business’ lack of capital is to consider 401(k) financing. What is 401(k) financing? First, this article will discuss what 401(k) financing is and how it works. Next, it will tell you more about how 401(k) financing can solve your business’ lack of capital and, lastly, the benefits and possible risks that come with it.
Demolish your funding problems with 27 killer ways to get cash for your business.
401(k) business financing is one way your small business can solve its lack of capital. Also referred to as Rollovers for Business Start-Ups (ROBS), 401(k) business financing is a small business financing method. This method allows you to withdraw money from your retirement account to start or fund your business without having to pay a tax penalty or an early withdrawal fee.
An important thing to note is that Rollovers for Business Start-Ups merely gives you access to the funds you have in your existing retirement account. This method is ideal for those aspiring and current business owners who lack capital but do not qualify for a loan, do not want to go into debt or do not have any cash-on-hand available to fund their business. This method does not consider your credit score, on-hand collateral, or past experiences to qualify for it. The main components of this method would be the retirement account you have. Such as a 401(k) or an Individual Retirement Account (IRA), and the amount of money you have in it.
Demolish your funding problems with 27 killer ways to get cash for your business.
In 401(k) business financing, your retirement plan serves as your investor. To access these funds without having to pay a tax penalty for early withdrawal fees, it is critical to, first and foremost, establish a ROBS (Rollover Business Start-Ups). This structure consists of several components which must adhere to certain requirements for compliance with the Internal Revenue Service, or IRS—the federal agency responsible for overseeing, administering, and collecting taxes.
The first step would be to establish a C corporation, also known as a regular corporation. It is the only entity type allowed to sell shares to a retirement account and within the ROBS structure. In this way, it will help release your business’s funds.
Next, put together a retirement plan for your new business. Although there are other options such as profit sharing and defined benefits, most business owners opt for the standard 401k. You will need a custodian to manage the investments in the plan and have the responsibility to keep records, administer the plan, and modify its investments the way you deem fit.
After this, roll your existing retirement funds from your plan into the new retirement plan under the C corporation. Since the funds have already been rolled over to the company retirement plan, the plan then buys stock in the C corporation through a QES transaction or a Qualified Employer Securities transaction. Thus, it is the step wherein the money is rolled over and made available for the business to use.
The first step is essential since you would not be able to do a QES transaction without it. Finally, once the QES transaction is finished, your retirement funds can now be accessed by the corporation. You can use them to solve your business’s lack of capital. Or you can pay off the pending expenses you may have.
401(k) financing, also known as ROBS or Rollover Business Start-Ups, offers numerous benefits for aspiring and current business owners alike. This financing technique may come off as complex. Still, it is one of the ways to solve your business’ lack of capital. Here are some of the benefits of 401(k) business financing:
In 401(k) financing, you have control over your retirement funds. It allows you to support your business and make it grow financially. Through this, your business has the potential to earn a significant return with tax-deferred growth.
Most loans require monthly payments, which may eventually turn into debt. Unlike most loans, 401(k) financing gives you the ability to use the funds you already have. In addition, since 401(k) financing does not require you to pay interest, it helps reduce your day-to-day costs and other operating expenses you may have.
The only requirement of 401(k) financing is a qualified retirement account. You will not need to put up a down payment or sign over a property to receive the funds. This is unlike most financing methods that will require you to do so.
Since 401(k) financing is not considered a loan, a credit check is not included in its requirements. With this, no evaluation will occur, and you can proceed with 401(k) business financing even if you have a low credit score, as long as you have a retirement plan.
The funds in your 401(k) plan may also be used as a down payment for your small business loan (SBA). Reducing debt is considered to be one of the top benefits of 401(k) business financing.
Demolish your funding problems with 27 killer ways to get cash for your business.
Aspiring and current business owners are no strangers to the challenges and obstacles of starting up and growing a business. Although these hurdles may be intimidating and sometimes overwhelming, you can overcome them.
One of the top challenges small business owners face, aside from the impact and effects of the pandemic, is the lack of capital. However, this is a matter that you can solve through 401(k) business financing. When done correctly, it helps business owners fund their venture. And it does so without worrying about tax penalties, early withdrawal fees, and falling into debt.
Navigating 401k business financing and how it can help solve your business’ lack of capital can seem intimidating if it is new and unfamiliar to you. However, finding the right company that offers a 401(k) financing program can help ease your worries.
Let Credit Suite help you with that! Credit Suite offers a wide range of programs, from their 401(k) financing program to other business loans and business credit programs. So whether it be a 401(k) financing plan or other business loan and credit programs, Credit Suite has got you and your business covered!
Jill Santos is an early childhood educator and a freelance content writer for The Stock Dork. She is passionate about serving others through research, education, and the arts.
The post How to Solve Your Business’s Lack of Capital with 401k Business Financing appeared first on Credit Suite.
Are you searching for new audiences to tap into to grow your base?
If you answered yes—and, let’s face it, all marketers are looking for new audiences—then you’ve come to the right place.
The platform offers marketers a unique opportunity to further brand recognition and grow their follower base in a somewhat unconventional form.
Part blog-host, part social platform, Medium provides writers with a unique mode of connection with their audiences.
The platform has over 400,000 paying subscribers ($4.99 per month or $50 per year), which should make Medium attractive to marketers from size alone.
Read on to learn how marketers can take advantage of the unique capabilities of this platform and why you should consider giving this content platform a whirl.
Self-identifying as the “YouTube of writing,” Medium offers writers of all kinds (poets, journalists, comic artists, etc.) space to share their work with a vast audience and get paid in the process.
The platform averages over 200 million views a month, making it a hot destination for the web’s readers. With over 100,000 writers actively using the platform, it could be an excellent destination no matter what kind of content you create.
Wondering how these writers get paid? While there is the option to write just for the sake of sharing ideas with no payment, they can also join the Medium Partner Program (MPP) and just get going!
Unlike other writing opportunities, which typically pay by the word or the hour, MPP members are paid based on the amount of time paying subscribers readers spend reading their articles. They also get a small commission if a non-paying member subscribes within 30 days of reading their articles.
And while this is all well and good for writers, your marketer brain may have snagged on that 200 million monthly views.
How can marketers take advantage of this unique audience willing to pay to gain access to the platform?
The answer is simple: advertise on Medium.
“Advertising” on the site is, in a word, unusual.
While the term “advertise” may conjure images of paid search and skyscraper banners, Medium doesn’t allow conventional advertising. While companies can’t promote products, they can harness the unique platform to grow brand following and exposure.
Understandably, and especially since making money isn’t guaranteed, this may sound like the soundly disliked idea of “creating for exposure, not payment.” I suggest switching your way of thinking on this one: Rather than this being an opportunity to sell your stuff, you’re selling your brand and building trust.
People are, frankly, tired of constantly having ads thrown in their faces. Reading an article that may hint at your brand’s goals (perhaps by using subtle embedded links) but focuses on helping or even entertaining them in other ways may draw attention to your brand in a less pushy way.
The platform rewards content visibility purely on the strength of writing, using a unique algorithm that considers post reach, likes, and comments. Plus, everything posted gets indexed by Google, which is a boon to your search engine optimization (SEO).
While we’ve briefly discussed the rationale of sharing content on Medium to share your reach and grow your audience base, there are several other benefits for harnessing the platform’s power:
In short, starting a content stream on the site could improve your audience size, strengthen your SEO strategy, and drive more clicks to your website.
Medium intends to make people engage their minds, not their wallets, so there are rules about what you can and can’t publish on the site.
In addition to pretty standard rules against harassment, hate speech, and doxing, the platform includes some additional rules that posters must adhere to.
The site has recently taken a firm stance against duplicate content, prohibiting:
Much like any other content platform, there are best practices content creators should keep in mind.
As you begin building your Medium content strategy, be sure to follow these best practices and be mindful of the rules to help ensure content success.
Now that we’ve covered the benefits of creating content on the platform, let’s discuss how to start a publication on the site.
Select your picture in the top right-hand corner of the screen, then navigate to and select “Publications.”
Look near the top right of your screen and click the “New Publication” button.
Fill out all information the site and readers need to know about your publication.
When adding your publication’s name, think beyond your business’ name and consider options that may resonate in your industry. A publication avatar is required, and it shows up in all previews of your content. So, choose wisely.
In addition to adding your email address and social profiles, you can (and should) select up to five relevant tags, allowing your work to be discovered by interested parties.
In this infinitely editable space, include people with posting power on your publication.
Your homepage is infinitely customizable, allowing you to change colors, header layout, background images, and much more.
While there are other strategies for tracking your analytics on Medium, the platform offers metrics to help you track your content’s performance.
You can view your metrics by clicking your profile picture and then “Stats.”
From there, you can access a ton of metrics that could provide insight into your content. These include:
By assessing these metrics, you can track individual pieces’ performance and gain a better understanding of your audience. You can then tailor your content to appeal to that audience or adjust your content strategy to appeal to a different group of individuals.
Sharing your first piece of content is just a few steps away. Here’s how to post and optimize Medium content:
To begin, select your profile picture from the top right-hand corner and choose “Write Story.”
Select the + button from the left side of the post and then click the “Camera” button to upload a pre-saved image.
Navigate to a new line of your story and paste the URL of the content you want to embed, then press “Enter.”
Select the “Publish” button in the top right-hand corner. From this menu, schedule your post, add tags, or adjust your title and subtitle.
After you’ve made the necessary changes, choose “Publish now” to make your story available.
Not a dime! Starting your publication on Medium is free.
Yes, though remember: This is to subscribe, not write. Although you needn’t subscribe to write, subscribing allows you to read work from a diverse population of writers and may provide a unique perspective into popular industry topics and competitors’ work.
Medium’s Partner Program was created to pay writers and ensure wider post-distribution across the platform. Writers are compensated by how engrossed members are by their work: The more members read, the more writers learn. In addition, the site distributes a portion of every subscription fee to the writers their individual subscribers read most frequently each month.
Medium offers publishers a robust metrics view, including:
-views
-reads
-fans
-views by traffic source
-reader interests
-internal vs. external views
As with all content platforms, be sure to follow Medium-specific best practices, with a particular eye towards ensuring your content doesn’t sound too promotional.
As you begin to familiarize yourself with the tools offered, you’ll likely become more adept at targeting audiences that may be interested in your content through the tagging tools and other strategies.
Using the platform’s offerings in conjunction with your existing content marketing strategy, you can significantly expand your reach, grow your audience, and reach new markets.
What’s the best piece of content you’ve seen on Medium?
With over 267 million individual visitors, Google is undoubtedly America’s most popular search engine. Why does this matter?
If Google is the most popular search engine, you should be listing your PPC ads on it. What’s more, you should be tracking the most popular topics and keywords in your industry to better inform your PPC research.
How can you do this? Well, there are a few analytics tools available, including my own Ubersuggest. However, did you know you can use the well-known Google Alerts service to inform your PPC campaigns, too?
If you didn’t, don’t worry. When you think of digital marketing and Google, Google Alerts might not be the first tool that comes to mind over, say, Google Ads itself. Let me show you how Google Alerts work and how they can help you run your PPC campaigns more effectively.
Google Alerts is essentially a notification tool. You can use the service to track when people use certain keywords or keyphrases online.
For example, you can ask Google to send you an alert whenever someone mentions your or your company’s name online, or you can use it to track what keywords your competitors are using most frequently.
The best part? It’s free to set up a Google Alert, and it’s easy to get going. If you’re a marketer, then it’s worth giving Google Alerts a try.
All that said, is there anything you can’t monitor through Google Alerts? Yes.
You won’t see any analytics details, like how often your brand is mentioned online or if your mentions are increasing. Meaning, you’ll still need tools like Google Analytics to help you measure KPIs and other significant metrics.
What’s more, you can’t track social media posts this way, so you’ll need an alternative tool if you want to track how often you’re mentioned on social media.
In other words, Google Alerts are handy, but they’re not the only tool you should use to track your brand presence online, track keywords, or monitor trends for PPC campaigns.
It takes no more than a few minutes to set up a Google Alert. Let’s work through the steps together.
First, go to google.com/alerts. If you haven’t already done so, sign in with the Google account you want to receive alerts.
Next, decide what you want to be notified about and type the search term onto the top bar. Let’s use the search term “influencer marketing” as an example:
Then, decide which sources you want to track. Remember, Google Alerts can’t monitor social media posts for you, but you can choose from other sources like books, videos, and blog posts.
Next, decide how often you want to receive Google Alerts. You can opt for instant alerts, meaning you’re notified the moment a relevant post appears, or you can get updates once a day or once per week. It all depends on what works for you.
If you want to tweak your alerts even further, you can. For example, if you only want to receive Google Alerts for posts in a certain language, simply select the language you’re tracking from the drop-down menu. Or, if you only want to monitor posts relevant to a certain country, you can limit the search to this one territory.
Next, choose between receiving “all” results or just the ones Google deems most relevant to your search query. For example, if you’re using a really broad keyword, you might want to restrict alerts to the highest-ranking results only.
Here’s what the best results for “influencer marketing” look like:
Then, choose where you want to receive your alerts. You can either direct them to an email address or an RSS feed.
Once you’ve set your parameters, simply click “Create Alert” to complete the process:
Now you’ll start receiving Google Alerts for this search term! If you want to set up any other alerts at this time, just repeat the steps. You can run up to 1,000 Google Alerts simultaneously, which is probably more than enough for you to track. However, if you need more Google Alerts, you can always set up a second account to run them through.
Want to update or delete a Google Alert? No problem. Simply go back to google.com/alerts, select the live alert you want to amend or remove, and click the relevant option from the menus available.
OK, so that’s what Google Alerts are, but can you use them for your PPC ads? Absolutely. Here are the five key ways you can harness the power of Google Alerts for your next PPC campaign.
Sure, evergreen content matters, but trends are hugely important to every industry. Ideally, then, you want to quickly identify what these trends are and how you can incorporate them into your PPC ads.
How can Google Alerts help? Well, you can use it to monitor blogs and authoritative websites in your niche for new content. You can scan new posts to identify possible trends and capitalize on them before your competitors do.
To set up Google Alerts like these, simply set alerts for “[company name] + blog.” For example, you could track “Forbes blog,” “Shopify blog,” and so on.
Or, if you’re interested in general trends in a broader niche such as email marketing, you can use a wide search term like “email marketing trends,” ask Google to show you the most relevant results only and see what comes up.
While it’s not primarily a keyword research tool, Google Alerts can nevertheless be used to help you identify new keywords and search terms to target through your PPC ad campaigns.
An example might be helpful here.
Say you sell exercise supplements, and you’re launching a new product to help people recover after tough sessions. You can set up Google Alerts to help identify whether people are typing in search queries like “exercise recovery supplements” and “vitamin water.”
To get started, just set up an alert for these search terms. Here are some examples of how you might write out your keywords:
Using quotation marks around certain words ensures you’ll see results containing that exact phrase, plus any other words you’ve added on.
If no one’s searching for these keywords, you should rethink which keywords you’re targeting for your PPC ads. On the other hand, if they’re popular keywords, it might be worth spending the money to have your ads show up for these search queries.
Like I said, Google Alerts isn’t a keyword research tool as such, but you can use it to support your other keyword research strategies.
When you’re creating PPC ad campaigns, it’s crucial you understand who your target audience is. Who is talking about your brand, and what demographics are you reaching? Once you know the answers to questions like these, you can craft targeted, more effective PPC ads.
How can Google Alerts help? By allowing you to track whenever someone mentions you or your company online. Once you start tracking your mentions, you can learn more about who is engaging with your brand and what they expect from you.
Again, these are simple Google Alerts to set up. Simply set up two individual alerts: one for your business name, and one for your personal name.
Use what you discover to decide which demographics to target with your PPC ads going forward.
It matters what people are saying about you and your brand. However, it’s just as crucial to know:
Why does competitor research matter when you’re building a PPC campaign? By understanding your competitors’ strengths and weaknesses, you can distinguish your own brand and build the most effective PPC ads possible.
You can monitor competitors’ mentions more generally, or you can search for announcements using search phrases like “competitor name + product announcement.” Use your findings to inform your product launch campaigns and PPC ads and stand out from the crowd.
No business likes getting negative reviews, but let’s face it: they’re a commercial reality. What’s important, though, is how you handle those reviews and use the feedback to improve your business. In fact, 96 percent of consumers read company responses to negative reviews, so your answers matter.
Why does this matter from a PPC perspective? Even if people click through your PPC ads, they won’t buy from you if all they’re doing is seeing multiple negative reviews and no feedback from you or the customer services team.
Can Google Alerts help you track and manage negative reviews, though? Sure. Here’s how.
First, you can just monitor for brand mentions. However, there’s a chance you’ll miss negative reviews tracked this way, especially if you’re a popular brand with multiple mentions.
Next, then, you can set up a special Google Alert for reviews only. It looks like this:
[brandname] + intitle:review
For example, if your company is called “Coffee King,” your alert looks like this:
Seventy-two percent of customers read reviews before taking action, like making purchases, so even if you’re running great PPC ads, reviews still matter, and it’s crucial you stay ahead of them if you want to get the most from your PPC campaigns.
Let me quickly recap some of the key points we touched on.
Google Alerts is a notification tool. You can use the service to track who is talking about certain keywords you’re interested in and what they’re saying.
Set up Google Alerts by going to google.com/alerts. Select your keywords, choose your notification frequency, and click “Create Alert” to go live. You can opt to receive notifications to your email address or an RSS feed, whichever you prefer.
There’s no single “best” way to use Google Alerts. However, it’s ideal for checking out what people are saying about your brand and, importantly, performing crucial keyword research to better inform your PPC ad campaigns and ensure the right audiences actually see your paid ads.
Yes, they’re totally free to set up and use. They’re worth trying out as part of your wider digital marketing strategy and PPC research.
You can run up to 1,000 Google Alerts at one time. If this isn’t enough for you, then you could always set up some Google Alerts on a separate work account.
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If you plan on running a PPC campaign, you’ll know how important it is to research your target audience and choose the right keywords. As we’ve seen, Google Alerts can help, whether you’re sussing out popular keywords or researching popular trends within your industry.
Is a Google Alert the only tool you should use to track your PPC performance? Probably not. However, since it’s free to get started and it’s simple to set up an alert or two, I suggest trying them for yourself to see if they align with your company’s unique marketing strategy.
Do you need more help with your overall PPC marketing campaign? Reach out to me and discover more about how I can help you on your digital marketing journey.
Have you set up Google Alerts yet? What are you using them for?
Flinkit | Full Remote, Office in Berlin (Germany) | Full-time | Frontend, Mobile, Python and/or Fullstack
www.flinkit.de digitizes the sales processes in the construction industry providing a cutting edge Saas e-commerce platform, based on a ReactJS/Ionic web app and a ReactJS/Ionic/Capacitor white-label mobile app. API services are implemented using Python/Hasura/GraphQL, running in a Digital Ocean Kubernetes Cluster. Automated CI/CD pipelines, pair programming, free innovation time and engineering best practices waiting for you.
Are you a talented engineer looking for lots of growth potential in a well funded early stage startup with an optional equity program?
We want to hear from you at: https://flinkit.de/jobs/mobile-web-app-engineer/ or https://flinkit.de/jobs/python-sql-cloud-engineer/
Flinkit | Full Remote, Office in Berlin (Germany) | Full-time | Frontend, Mobile, Python and/or Fullstack www.flinkit.de digitizes the sales processes in the construction industry providing a cutting edge Saas e-commerce platform, based on a ReactJS/Ionic web app and a ReactJS/Ionic/Capacitor white-label mobile app. API services are implemented using Python/Hasura/GraphQL, running in a Digital Ocean … Continue reading New comment by flinkit-tech in "Ask HN: Who is hiring? (June 2021)"
Are you ready to skyrocket your success?
If so, you need to focus your efforts on inbound marketing strategies for your startup.
Why?
It’s one of the best ways to take market share from bigger companies, and you don’t need a hefty Facebook Ads budget to compete.
Instead of broadcasting to the customer, as traditional outbound marketing does, inbound marketing focuses on creating reasons for the customer to come to you.
According to HubSpot, which coined the term “inbound marketing” back in 2006, the strategy consists of four stages.
It’s a proven system that works for the best companies in the world, and it has launched dozens of startups to stellar success.
Now that you know what is inbound marketing and how it works, let’s dive into the best strategies for inbound marketing for startups.
The first and most critical part of creating compelling content is understanding what your target customers want to learn.
You need to have an in-depth knowledge of your market so you can react quickly.
Here’s how you learn more about who your audience is by reviewing your Facebook Page Insights.
First, go to your Facebook page. At the top, you’ll see a button labeled Insights. Click on it.
In the sidebar that opens, click on People.
From there, you’re going to want to look at the Your Fans column. Check to see where the percentages lie to understand what demographics apply to your business.
This can give you a general feel for who is interested in your startup and start forming the basis of your target persona. But that’s not all we need.
Next, we will find out what interests these people and how you can write content that appeals to what they care about.
The easiest way to get to know your target market is through a survey.
This doesn’t have to be complicated. If you already have an email list, you can send them a simple form through SurveyMonkey.
To make this work, you only need to ask one question: “What is your biggest struggle?”
Your goal is to understand the problems they’re facing so you can create compelling content that targets their deepest interests.
Once you have the general feelings of your target market, it’s a good idea to start seeking out individuals you can contact for more in-depth information.
I recommend looking for a few clients or customers you’ve already acquired.
Ask them if they’d be OK with a 10-minute phone call or a video chat about their current struggles. Mention you’ll offer them advice if you can.
(Usually, customers are excited about this. It’s like a free consultation for them.)
Once you’re on the call, try to find out exactly what their biggest struggles are. Ask them to describe those struggles in the clearest language possible.
Get to exactly what frustrates them and what solutions they tried before but didn’t work.
You’ll use this data to create content.
The quality of the content you create is the most important feature of your inbound marketing strategy.
If you create generic, self-serving articles and videos, you’ll never see success.
No matter how hard you promote this content or how you designed it to rank well in search engines, you’re going to struggle to find new clients and customers.
The best-in-class content marketers work tirelessly to adapt their content to the target audiences they want to attract — and where they are in the customer journey.
Understanding the customer journey and their needs is critical to making great content, but it’s not the only strategy you’ll need to draw in new customers and leads.
The most important piece of the work you create is the headline. This is what will drive the most clicks and draw in new traffic.
You should spend lots of time crafting a headline that appeals to your most targeted customers.
One of the best ways to do this is to include a bit of negativity, according to data by WordStream.
Of course, you shouldn’t always have negative headlines.
But if you have a list of mistakes or talk about the worst strategies that could hurt your customer, this can be an effective way to drive traffic.
According to Demand Metric, companies with blogs generate 67 percent more leads per month than those who don’t.
If you’re going to produce this content, you need to make sure it works to its best ability.
Humans love visual content. For your content to appeal to your ideal readers, make sure there’s more to it than just large blocks of text.
Including lots of images, charts, and graphs is a technique I use to make my content more appealing, and I’m not alone.
90 percent of bloggers include images in their posts, and those who add multiple images report stronger results.
The more visual your content, the more likely it’s likely to improve your inbound marketing efforts.
Instead of writing short posts, you should be doing extensive research and producing in-depth content.
According to research by Curata, long-form content generates eight times more page views, nine times more leads, and three times more social media shares than short-form content.
You should be writing articles that are a few thousand words long and supported by lots of data and analysis.
This is not only better for your SEO rankings, but it’s also more helpful for your customers.
The better your content, the more likely your readers are to share it with friends, recommend your site to others, and implement what you say.
Just because you base your content around data and analysis doesn’t mean it needs to be dry and academic.
You should work to produce the opposite type of content. You want to create articles that tell a story.
Why?
Using storytelling in your content (from sales pages to social media posts) is a way to create an emotional connection with your audience.
Storytelling has another powerful function. It creates brand recall. Research by Stanford University shows people are 63 percent more likely to remember a story than a statistic.
Not convinced?
Chris Haddad (a relationship coach) went from a 2 percent conversion rate to 8 percent by changing his sales page to include a relatable personal story.
How can you use this tactic in your startup? Look for opportunities to weave in stories when talking about your product or business.
Sure, your benefits and features are great, but the emotional connection you create with storytelling will close the sale and help grow your startup through inbound marketing.
When you look at the data, you’ll find that guest blogging is the best inbound marketing strategy.
This is because it provides you with backlinks, authority in the space, and relationships with key influencers.
But most people go about it the wrong way. If you aren’t using smart strategies to spread your startup’s message through guest posting, you might as well not do it.
If you want to reap the benefits of guest posting, you need to write consistently.
This is how the most successful startup owners have made guest blogging work well for them. Instead of a few posts, they wrote prolifically and gained ground quickly.
If you do a Google search for guest posts by Danny Iny, you’ll find dozens of pieces of content across the web.
This massive, consistent guest-posting strategy allowed him to grow his business Mirasee into the powerhouse it is today.
On his homepage, he displays an in-depth list of all the sites where he has been featured.
Dedicate some of your time to creating compelling content for other blogs to reach as many customers as possible.
Another problem I see with entrepreneurs who want to use guest posting as an inbound marketing strategy is that they don’t look for sites that will give them much ROI.
The truth is that every guest post requires work, and that’s work that needs to give you a distinct benefit in visitors or leads.
If you post on a blog that has a dead audience, you won’t get any benefit, and you’ll have wasted your time.
I like to look at the comments on different sites. For example, if I wanted to write a guest blog for WordStream, I can see their posts get lots of relevant comments.
This tells me the readers are engaged, and a blog post here might result in readers clicking through to my startup’s website and purchasing from me.
You need to understand SEO to achieve any success with your startup in today’s search-driven marketplace.
The most important things to focus on are basic on-page SEO and backlinks for your site and your content.
How do you do that? Keyword optimization.
You want to find specific long-tail keywords which you’d like to use for targeting your content.
Why?
Long-tail keywords have a three to five percent higher click-through rate than generic searches.
The more specific someone is in their search, the more likely they know what they want and are close to converting into a customer.
Backlinks are perhaps the most important factor in your search engine results.
At the simplest level, backlinks are other sites that link to your site. There are lots of ways to increase the number of backlinks you get to your content.
By promoting your content to other relevant influencers, you can increase the number of people that link back to you.
The exact number of backlinks you need to be successful on the search engines varies depending on the keyword, topic, and the competing sites that are ranking well now.
With careful prompting, though, you can easily outrank pages on massive sites with more authority.
Not sure where to start with backlinks? I’ve created a free backlink checker tool you can use to find out who is linking to your startup’s competition.
When it’s time to convert your visitors into leads, you need bulletproof strategies to get people to give you their email addresses.
The best method I’ve seen is to offer free content in exchange for this contact information.
If your startup is in the B2B sector, or if you appeal to customers who want or need in-depth analysis before purchasing, you can make an effective lead magnet from a report.
This is a great way to get leads because the comprehensiveness of your work seems like a great deal for an email address.
HubSpot’s list of marketing statistics includes a pitch for their “State of Inbound Marketing” report. This is a detailed guide with massive amounts of high-quality data.
But they aren’t giving this away for free. To receive the report, you need to provide a detailed amount of information that HubSpot will use to follow up with you on their products.
This is an effective way to drive your visitors into your sales funnel and reach them even more effectively.
One of my favorite inbound marketing techniques for startups is free webinars that encourage customers to learn in real-time.
This is great because it lets them see your face and understand your personality. Besides, lots of people will download a guide and never read it.
But if someone signs up for a webinar, you can see if they watch the whole thing.
I have used this kind of training on my homepage in the past. I didn’t call it a webinar, though. I just used the term “training.”
This is a great way to increase your leads as visitors must enter their first name and email address to access the training.
Since this is such a valuable teaching piece, people who come to my website are happy to provide their email address to learn SEO better.
There’s another form of content you can create that will drive new customers.
Even better, it won’t require the extensive research that a report demands or the complicated backend software necessary for a webinar.
That strategy is to create an email course. This is a simple way to provide extra value without spending tons of time creating something with design elements or video.
A great example is a free masterclass Mariah Coz offers. Because it’s a course, it makes the content feel more valuable.
If you’re currently giving away an e-book for your startup and you’ve found that it isn’t converting well, consider breaking down the content into sections.
Then use each section as a separate email. You may find that an email course or a masterclass converts even better than an ebook.
According to a survey by Influencer Marketing Hub, 75 percent of brands have a dedicated budget for influencer marketing, and 90 percent of respondents believe it’s an effective form of advertising.
If you do this the right way, it can be a free or paid method to get people excited about your brand.
If you’re going to launch an influencer marketing campaign, you need to understand what will make it work best.
First and most importantly, you need to make sure you’re appealing to the right influencers.
This is easy to get wrong, as the people you think you’re appealing to may not be persuasive to your target audience.
The earlier research you did on your audience should be a great starting place to understand who they pay attention to, but you might need to do even more work than that.
How do you find the right influencers for your startup? You can:
Once you know which influencers are best for your brand, you need to start targeting them specifically.
While you can just run into promotion and start spamming them with requests to share the content you created, this won’t be very effective.
You’ll irritate them and ruin the relationship.
Instead, you need to start slow and gradually build a relationship with the influencers you’d like to promote your content.
One of the best ways to reach influencers is through targeted communication on social media. You can let them know when they inspired you to write.
You should also do everything you can to help those influencers by providing communication that’s always focused on their needs.
While it may seem frustrating to always focus on them, you’ll eventually start to build a relationship that allows you to make a small request.
If you’ve built great relationships from the start, they’ll be happy to oblige.
You already know that email marketing is critical to a successful inbound marketing campaign for your startup.
But are you using it effectively?
Email marketing has a massive ROI.
According to Litmus, the average ROI was $42 for every $1 spent on emails.
But to make it work, you need to be strategic with how you promote your brand through email.
First and foremost, you need to be useful to your subscribers. When someone signs up, you need to provide them with a reason to stay on your email list.
If you’re constantly spamming them or sending worthless content, they’ll unsubscribe and probably never return.
Instead, send emails with valuable information they can’t get anywhere else.
Buzzsumo does a great job with this in their articles and emails. Their weekly update includes a report on engagement on Facebook, based on 880-million posts.
That’s a hugely valuable piece of content I want to read.
More importantly, I want to stay subscribed to the newsletter, and I’ll keep looking forward to their emails.
This is the kind of reaction you need to build with your subscribers. If they’re looking forward to your marketing, you’re doing it correctly.
You need to be in the email game for the long term.
If you’re not consistently providing great content with your inbound marketing, you’re going to be frustrated.
Instead of pitching your product immediately after someone signs up on your email list, send them a welcome sequence that gradually introduces them to what you have to offer.
According to Invesp, the average cost of a lead drops 80 percent after five months of consistent inbound marketing.
If you want to save massive dollars on your marketing strategies, you need to get ready to work for a while on each prospect.
Be patient, and you’ll be thankful for the results.
Ultimately, the goal of much of your inbound marketing strategy is to drive people to your startup’s website.
If you’re not converting people once they arrive, however, what’s the point?
Conversion is the key to successful inbound marketing since it’s the transition from visitor to prospect.
You need to make sure your website is ready to convert your traffic into leads and customers.
It’s the only way to make your startup grow with the traffic you’ve worked so hard to acquire.
The first and most important way to ensure you’re getting the conversions you deserve is by making your website mobile accessible.
If your startup’s site isn’t responsive, you’re going to struggle to convert the traffic you’ve worked so hard to drive there.
According to WVO, out of 100 leading websites, only 11 were responsive. Perhaps even more telling, only seven of 148 companies felt the need for mobile optimization.
In short, the vast majority of websites aren’t appealing to mobile users, and they aren’t putting in the work they need to make these changes.
Instead of actually converting their mobile customers, they’re losing out on valuable traffic.
Don’t let that happen to you. Make sure your site is responsive and that it works well on mobile.
If you want to get more conversions from the traffic you’re sending to your site, you should consider installing Hello Bar.
This is a simple tool that allows you to add a signup form at the top of your website. Since it’s unobtrusive, it won’t distract from the user experience.
But since it’s always at the top of your pages, it will drive massive conversions.
It’s a great way to get a few new leads each day.
If you want to skyrocket the conversions you’re getting from the content you publish on your website, look no further than a content upgrade.
Unlike a traditional lead magnet, a content upgrade will optimize your highest-converting pieces of content.
A great example is the “700+ Power Word Cheat Sheet” used in the article on the topic over at OptinMonster.
Because the people reading this article are interested in finding out more about the words that can make their writing more effective, this is a great way to encourage them to sign up.
You can do the same thing. To make this work, find a popular article and create a custom bonus that adds to the piece of content you’ve already written.
Link this in the article, and watch the new leads for your startup skyrocket.
It’s no secret that I think testing is the only way to improve all kinds of marketing.
This applies to the inbound marketing strategies you’re using for your startup as well.
You need to monitor your results and make gradual improvements to different components of your campaign.
If they don’t work as expected, you should refine those strategies and try something new. But even if they do work for you, I recommend going back and making improvements.
Keeping an A/B split-test running at all times is a great way to make small but consistent changes to your marketing strategy and to make sure everything is working at its best.
An inbound marketing strategy attracts prospects to your brand by creating valuable content that is relevant and helpful.
The five principles of inbound marketing are standardize, contextualize, optimize, personalize, and empathize.
Videos, blogs, pillar pages, eBooks, social media, press releases, infographics, newsletters, research papers, podcasts, webinars, and expert interviews.
You need to know the purpose of your content, your target audience, and how your content fits in with the buyer’s journey.
If you’re launching a startup, you want to make sure you’re implementing the best practices for extremely fast growth.
By now, you know that inbound marketing is the most effective way to increase your visitors, leads, and buyers.
You’ll need to attract customers by understanding their deepest needs, aspirations, and struggles. Using that data, create epic content that draws them in like a magnet.
Extend your reach to other sites, present your content around the web, acquire new customers, and build your influence and authority.
You’ll need to include SEO best practices so that customers can find you through search engines as well.
Once you have the traffic, convert those visitors with free content and influencer marketing that drives leads.
With a compelling email campaign and a high-converting website, you can grow your business like never before.
Which inbound marketing strategies will you use to grow your startup?
As it becomes increasingly challenging to grow organic reach, more and more marketers are looking to paid ads.
Since this monetary model is by no means novel, that means there’s a crowded space for these ads. You want to ensure your dollars dedicated to pay-per-click (PPC) are getting their money’s worth.
Maybe you’ve written scintillating paid ad copy that speaks directly to your audience’s pain points. Maybe you’ve drafted a graphic that is the perfect balance between branding and intriguing. Maybe you’ve set your budget and ad parameters and are ready to go.
How do you get those paid ad leads to actually convert?
This, of course, is the challenge of paid marketing. You can do nearly everything right, but without clear direction for your audience to further interact with your paid ads, you’ve done little more than create a pretty picture.
To help you make the most from your paid ad dollars, we dive into the five best methods for converting paid ad leads.
While the term conversion can conjure different meanings to different marketers, for the purpose of this post, we’re defining conversion as any desired action, whether that be purchase, form-fill, email capture, or simply a learn-more action.
Regardless of your current working definition of conversion, the following methods can help your paid ads convert, enabling you to reach your marketing goals.
Below, we break down five tried-and-true methods that can help your paid ads translate to valuable conversions.
As technological capabilities evolve, so do our strategies for lead conversion. As artificial intelligence (AI) continues to advance, increasing opportunities for chatbots arise.
In fact, it’s projected that chatbots will manage 85 percent of customer interactions in the near future.
These days, chatbots are built into many websites. Visit nearly any site, and you’ll be greeted by an automatically generated message asking you what you’re searching for and how the bot can help.
In addition to simply operating as a help feature, chatbots can be used as a tool to improve site visitor experience, not to mention completely changing the way brands communicate and interact with their existing and would-be consumers.
Since chatbots are infinitely customizable and can provide personalized responses, how consumers interact with your brand has changed drastically.
With successful chatbot addition to your marketing strategy, you can improve your customer’s journey through increased personalization and drive conversions through an interactive platform.
How can you incorporate chatbots into your paid ad strategy?
It’s easy: Instead of sending an individual who clicks on your paid ads to a classic web form, direct them to a chatbot. There, they can engage in a personalized, targeted conversation that can lead to the conversion you’re aiming for.
While simply having a chatbot is a great strategy to increase paid ad conversions, writing good copy for the bot can make a good strategy great.
Here are our top three tips for successful chatbot copywriting:
Historically, paid ads drive to landing pages, and this isn’t a bad thing.
The trouble with landing pages occurs when they’re not optimized properly. You may have the most compelling paid ads on the web, but if your landing pack is lackluster, your conversion rates will be, too.
Below, we share our top five tips for making your landing pages work as hard as you do:
Another way to increase conversions from your paid ads leads is to drive direct leads to forms on social media. With 83 percent of marketers using social platforms to advertise, there are a lot of paid ads appearing on social.
How do you get your paid ads to translate into a conversion on social platforms?
By following best practices. Let’s take Facebook, for example. The social media giant reports over 2.7 billion active users per month. With that many active users, you know there’s a plethora of marketers.
To make your paid ads stand out in the crowd and actually convert, you can build forms into your paid ads on the platform. That way, users don’t have to navigate away from their social scrolling to, say, sign up for your newsletter.
To drive even more conversions via forms on social media, consider using these two best practices for incentivizing:
Both of these strategies allow you to deliver value to your audience while still achieving your conversion goals.
If your aim is conversions from paid ads, drive customers to a purchase page. This strategy is highly effective, as it considerably shortens the buyer’s journey, taking an individual directly from interest to purchase. By eliminating steps in between these two phases, you dramatically increase the likelihood that your ad will convert.
Clothing line Hello Molly uses Instagram paid ads to advertise its garments. If users click on one of the images, they’re taken directly to the purchase page for that item.
By driving directly to the page, you shorten the number of steps your potential customer has to take to convert.
What’s more, the consumer doesn’t need to leave the confines of Instagram. The entire sales process occurs in the app.
While, at times, blogging may feel like a technique of the past, your blog should still play a vital role in your content marketing strategy.
In fact, blogs continue to outrank emails, books, and whitepapers as the most effective type of content, and if you’re not driving your paid ad leads to your blog, you may be missing out on a slew of conversions. After all, your blog is a hub of content that speaks to pain points and fills in knowledge gaps within your industry.
If your conversions are focused on asset downloads, you should definitely drive traffic from paid ads directly to relevant components on your blog.
Feeling overwhelmed by these five options? Don’t be! Knowing which method is right for you is all about understanding the true goal of your overall ad campaign.
Think about what action you want your leads to take. Do you want their email address so you can send them your newsletter? Do you want them to download resources you publish? Do you want them to make a purchase? These are common conversion goals, though yours may be something else entirely.
You will most likely direct your users to a landing page, purchasing page, or a lead generation form.
Map out your goals with the strategies listed above and decide which will be most helpful for you to reach your goals.
For example, if you’re hoping to increase whitepaper downloads, consider linking to a synopsis blog that includes a download option of the entire paper.
If your goal is to increase purchases you should definitely drive your leads from paid ads directly to product pages.
If you’re still not sure about how to convert paid ad leads, here are a few commonly asked questions to help guide you:
To drive your paid ad leads toward conversion, be sure to align their destination with your conversion goal. If you’re looking to drive purchases, consider directing leads to a purchase page. If you’re looking to drive whitepaper downloads, drive to a blog. Regardless of the goal, be sure to send your leads to a location where they can take clear and direct action.
Incorporating chatbots into your paid ad strategy is simple and can result in increased conversions given the endless possibilities of this conversational tool. Instead of sending an individual who clicks on your paid ads to a classic web form, direct them to a chatbot. There, they can engage in a personalized, targeted conversation that can lead to the conversion you’re aiming for.
Regardless of your conversion goal, be sure that the location you’re driving leads to that goal. When conversion and destination are aligned, the conversion process is compressed, making it easier than ever to achieve your conversion dreams.
Here are five keys for website optimization: A/B test, prove value, address pain points, remove distractions, and research user behavior.
As the use of paid ads becomes increasingly ubiquitous, driving consumers to the right location to convert becomes even more important than ever before.
Clear direction is always important for online consumers, but it’s never more important than in the steps that lead to conversion. By having a clear and direct goal for your paid ads and aligning that goal with a landing location that correlates, your potential customers are that much more likely to become consumers.
When you pair the right content with the right process, you unlock the door to successfully converting paid ad leads.
If you decide you want to employ these strategies yourself even though you think they may be beneficial, let our agency know. We can handle the heavy lifting for you.
What’s the most successful conversion path for leads from paid ads that you’ve used?