This article was co-authored by Ernest Sturm. Ernest Sturm is a Marketing Expert and the Owner of Runway Influence and Runway Waiters, as well as the President of Runway Collective. With over 10 years of experience as an entrepreneur, he specializes in producing social media campaigns and social brand activations. Runway Influence has a 5-star rating and partners with luxury brands and top influencers.
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There are not many businesses you can start for free, but marketing start-ups are the exception. If you have the right skills and are willing to do some hard work up front, a marketing business takes little or no start-up costs.
Steps
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1Organize your basic business administration functions. You need a bank account, business address, service rate card and business name. Starting a marketing business for free usually means you initially need to use your home address, personal bank account and your own name for payment purposes.
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2Determine your niche. What are you selling and to whom? Start by using skills that you already have, such as writing, web design and graphic arts. Seek out familiar industries.[1] Consider the type of businesses you would best like to serve. It's often easier if you specialize in a specific industry when first starting. As it gives you a unique selling proposition over competitors.Advertisement
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3Make a marketing plan. Take advantage of free marketing plan templates online, or simply use a calendar to write down your objectives. Include the 4 P's in your business marketing plan: Product, Price, Promotion, and Placement.[2]
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4Make a list of your potential market. Reach out to friends, local groups and places where you do business. If you are a motorcycle enthusiast, start with bikers' groups, bike shops or associated businesses. If you have doctors, lawyers or entrepreneurs in the family, ask them for a chance to bid on their next web project, brochure, or event.
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5Advertise your marketing business online. Seek out web sites that offer free trials or free services to help you get started. Eventually, you need a web site with your own domain name. However, you can get started by using use free sites provides a nice business template.
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6Link all of your personal social media such as Facebook, Twitter and LinkedIn to your new blog, web page, or online information. Ask your friends to "share" or forward the news about your new marketing business. Your new business must show clients that you know how to use the latest resources effectively.[3]
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7Market your business constantly. Every email you send should have information about your new marketing business in the form of a web address, slogan, or similar at the bottom. Holidays are opportunities to share a greeting from your business Facebook page. Social gatherings present an opportunity to mention your new business.
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8Get referrals. Once you have a client or a lead, ask them to tell others about you. Consider offering a discount on their next project when they bring you new clients.[4]
Expert Q&A
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QuestionHow do I make my marketing business successful?Ernest SturmErnest Sturm is a Marketing Expert and the Owner of Runway Influence and Runway Waiters, as well as the President of Runway Collective. With over 10 years of experience as an entrepreneur, he specializes in producing social media campaigns and social brand activations. Runway Influence has a 5-star rating and partners with luxury brands and top influencers.
Marketing ExpertI think being open minded is very important, because this industry is ever changing. If you're stuck in your old ways, you're not going to be able to compete. There are always new opportunities, new ways to do business when it comes to marketing in general. The market changes very quickly, that if you don't do research, you won't be able to catch up and you won't be able to compete and stay relevant. -
QuestionTo start a marketing company, what services should I offer at first?Community AnswerDetermine your niche. What are you selling and to whom? Start by using skills that you already have, such as writing, web design, or maybe graphic arts. Seek out familiar industries and try to cater to their marketing needs however you can.
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QuestionHow do I start marketing myself?Community AnswerStart with social networking. Facebook, Twitter, Instagram, and Snapchat are all free. Create short ads, with your business name, products, and services, to promote and awareness. Establish a website and a LinkedIn page for your business. There are also small advertising and marketing businesses that will work for you to speed up the process, though these are not free.
Warnings
- Be careful of Internet scams. There are many sites online that claim you can earn money with Internet marketing. Be sure to do thorough research before involving your new business.⧼thumbs_response⧽
Expert Interview
Thanks for reading our article! If you'd like to learn more about starting a marketing business, check out our in-depth interview with Ernest Sturm.
References
- ↑ https://www.flauntmydesign.com/high-potential-digital-marketing-niches-for-freelance-creatives-2
- ↑ https://blog.hubspot.com/marketing/marketing-plan-template-generator
- ↑ https://www.entrepreneur.com/article/283832
- ↑ https://www.campaignmonitor.com/blog/email-marketing/2018/01/7-marketing-strategies-increase-referrals/
- http://www.rasmussen.edu/degrees/business/blog/top-reasons-to-work-in-marketing/
- http://knowledge.wharton.upenn.edu/article.cfm?articleid=2442