Lean StartUps: How to Spend Your $1K Marketing Budget
Small and lean startups may not have a budget to hire a marketing or social media manager on staff even though it is well known that marketing is the most important thing for promoting, scaling and advancing a new venture.
A friend of mine asked me to give him advice on how should a startup, online or digital entrepreneur spend $1,000 per month marketing budget. I offered to pen my suggestions in a blog post and here they are:.
In sum (but I go into details below), here is the breakdown:
$500-Intern because you cannot automate marketing as actual engagement is essential.
$100- SEO Agency to optimize your site’s placement in google search.
$100- Facebook Ads because it’s still the best way to reach your target audience
$100- Social Media Influencers because it is still the quickest way to reach your audience
$100- PR Web press release distribution bcold school PR still works for mainstream press
$10- ViralTag subscription bc it replaces Hootsuite, Co-Schedule, Edgar, Buffer, Klout, Tailwind and Boardbooster
$25- Leadpages because it’s the best tool for capturing emails
$30- Email Marketing (Convertkit, Mailchimp) – for communicating w/your email list
$16- Video Software (Camtasia or other software) -for easily creating viral videso
$10 – Link my Photos (Instagram marketing tool) – To make your Instagram clickable
$500 – Intern You cannot do it all. There are plenty of tools that will enable you to automate your social media sharing of content and news about your company. However, the reason you need a live person to help you manage it is: 1) you cannot do it all. It’s a lot of work to schedule posts, monitor your brand’s being talked about in social, manually reply to your audience/customers, re-share other’s content and you need someone to help you schedule your automation and engage; and 2) you need manual engagement so you don’t come across as a bot online. People respond better to accounts that show actual engagement and isn’t just a timeline of auto-tweets.
First, I think, you should hire an intern or student who can dedicate 10 hours per week at $12.50 per hour for some basic tasks. This will eat up half of the budget but is essential as founders shouldn’t be spending their time doing menial admin tasks. Use one of the new desktop or mobile apps that connect interns with those looking to hire them.
A lot of the work can be done remotely so there really is no requirement to have a local person. But if one prefers to have someone that can be directed in person, then the next best thing will be to put a note card ad at a community bulletin board located at a lot of local coffee shops and cafes near a college or university that is frequented by students.
Alternatively, place the ad outside the lecture halls at the marketing, public affairs, digital or journalism schools at local colleges and universities.
$100 – SEO (Search Engine Optimization) agency. There are a lot of overseas companies (and some in the US) that will help your website rise in search traffic. What good is having an awesome site or a kickass eCommerce store with fab products if no one sees it? Also, anyone who has ads or affiliate links on their website need traffic to generate sales, clicks and earnings.
You’ve probably already been bombarded with unsolicited cold emails from companies offering to do this for you. Give one or two a trial run but be careful how much of your backend you hand off to a complete stranger because they can easily cause a lot of havoc and a nefarious person can actually hijack your site.Also, ask how they increase your SEO rank. You want to avoid companies that engage in nefarious black hat tactics like stuffing comment boxes or paying for links because it’s a fast way to get penalized by Google. Fortunately, a lot of WordPress based blogs, for example, allow you to give limited access and to control how much a vendor can configure. If you are not comfortable with doing this, another route is to invest some time learning SEO and doing it yourself, but going this route is also time consuming in my book and it’s better to let the experts in this sort of thing do their job.
$ 100- Facebook Ads. You can boost a post promoting your product for $5 and get tons of engagement and returns or sales if you learn to use the tools Facebook offers to allow you to hyper target your market. There are lots of gurus on YouTube and online that will show you how to make sure you are hyper focusing on the market you want to reach and which will likely respond positively in the form of a like, comment, share or click thru to learn more or buy. Another option is to find a similar brand to yours that is doing well and target their fans. There are tools that will let you scrape all of those who respond in the comments to their posts positively but I find that a bit “Blackhat SEO” ‘ish (meaning underhanded and a wee bit shady).
A better bet is to do A/B testing and monitor your ads. Run two with slightly different language, image or target audience and turn them on for a short amount of time and see how well it is performing and then turn off. It’s never a good idea to schedule a campaign and let it run without active monitoring. In fact, that is a total waste of time and money because it may end and you’ll get zero conversion or sales and just feel like you lost out.
If you do not have time to actively monitor your Facebook ad campaigns, assign that as one of the tasks for the intern.
Run ads from Wed thru Saturday. Start with $5 per product or campaign and have them run on Instagram and Facebook. Again, monitor them and don’t let them run without monitoring their success. Spread this budget across the month and increase as you start to get success and increase in return on your investment.
$100- Social Media Influencers – Facebook ads can be hit or miss but if you do sufficient research on who out there in your target market has tons of engaged, real followers – not bots or paid, then you can make a killing in sales by getting the right influencer to promote your product. These are people or accounts in social media with a large or targeted following that includes people in your target marked. A lot of them have email addresses in their bios and will post about your product on their feed. For Instagram, you can give them a special discount code or some other call to action in your image or ad. There are some third party go-between companies that you can use to quickly and easily find influencers but they may want a long term commitment or require a higher budget than $100, so your best bet is to look for them on your own and contact directly but make sure there is some synergy. Don’t just target people with large followings that don’t fit your brand or product. It won’t come off as authentic for them to promote your stuff. I did a blog post featuring 15 HERE!
$100 PR Web – Traditional marketing via a press release still works. Before, companies had to hire a PR agent or publicist to draft up press releases and distribute them or call around. Nowadays there are web-based companies like PR Web that will distribute a press release to 1,000 of news outlets. You can find templates of how to complete a simple one online and when your company has significant milestone news like a new hire, a partnership or the like, pen a quick blurb and send it out to see which news outlets pick it up.
$10 ViralTag – I recently discovered this platform recently and it has replaced like 5 other tools I’ve been using (Buffer, Hootsuite, Klout, Tailwind, Boardbooster)
You can add various social platform and blog feeds. I have several social media or blogs so it’s great to be able to manage them all from one place.
Using ViralTag, I can share blog posts to Pinterest and many other social platforms. Because it integrates feeds and auto-populates them into one platform, it saves me the hassle of logging on to my site and manually pinning them from the site which can be time consuming and draining.
I can put all my Evergreen content (content that isn’t’ tied to any one period or time of the year) in one place and have them auto share. This is what Edgar and Co-Schedule do. It determines your best time to share and any content you drop in the evergreen will auto share. You can literally be marketing on auto-pilot all year long, 24 hours a day.The more content you put there the better so the same content isn’t being shared.
Because you shouldn’t just be self-promoting your blog, shop or services, ViralTag lets you share others’ content, including pinning others’ stuff. It’s essentially does what Boardbooster does in that regards.
Like how Tailwind has excellent analytics to give you intelligence, ViralTag also tracks likes, shares, repins, engagement, follower growth, pins, comments and other engagements. From this intelligence, you can learn which pins do best, on which days and essentially what type of product or content resonates most with your audience so you know to produce more of that type to generate engagement and eventually interests, conversion and sales.
My fave part is that it integrates Canva, a premier and very popular DIY graphic design template site, right in so I can easily create a post for Pinterest, Instagram or my blog right inside the platform then set it to share! Boss! You don’t even need your own Canva account. It stores all previously made designs right there to edit later or remix as part of an A/B testing campaign.
I’m a new convert and big fan and brand ambassador! Use my affiliate link if you are considering signing up for it. It’s free to start out but only $10 per month for its lowest price tier right now.
$30 Convert Kit or Mailchimp or AWeber List Service- The best asset any online-based biz has is its marketing email list. With it, you can periodically reach people who want to hear from you because they voluntarily added themselves to your subscriber list. I am guilty of underusing my email list but I’m finally coming around. There are a lot of email marketing platforms to choose from.
I am a blogger so I like ConvertKit which is a platform created for professional bloggers. I like it because it allows you to send out emails to your subscriber list, create landing pages and collect emails. It tracks opens and allow you to re-send to those who did not open the email and edit the subject to maybe get more opens. I also love it because it permits drip marketing – meaning you can schedule out emails to go out to your list periodically. If you sell digital services like e-courses, Convertkit is a great tool to use because it doesn’t require you to think. It has easy drop-in templates. It makes email funnel very simple!
Those who are online selling eCommerce products or have websites and are not bloggers may want to use Mailchimp which is free for the first 2,000 subscribers I believe. You can set it up to follow up on “abandoned carts”- customers that start purchasing but don’t hit the final purchase buttons.
Both let you track opens and automate your marketing to your customers and list. Sign up for ConvertKit using my Affiliate link HERE!
Alternatively – For non-digital biz and straight startup founders, you can automate your business growth using the tools some of the big names like AirBNB, theChive, Tony Robbins and Tim Ferriss use by using some of the business growth automation tools offered by Sumo.
Personally, I recommend you start with using their List Builder. It’s a phenomenal way to grow your email list and the painless install takes less than a minute. And it’s free!
Check out Sumo here (I recommend the Small plan to start with THIS!🙂
$10 LinkMy Photos – Instagram is a great place to sell everything from catered meals to t-shirts to mugs, to printables, digital products and coaching services on Etsy, Gumroad, Shopify. Because you can use Instagram to find your market, many people can find affinity communities in niche areas using that social media platform. The problem with Instagram is that it does not allow you to have any hyperlinks to driving traffic and converting sales.
Luckily, companies have built on top of its API and platforms like Like2buy have cropped up making it easy to make your Instagram photos clickable. The way it works is you put your personal link on your bio and for each caption, you put a call to action to click the link in the bio which brings up a duplicate page with clickable links.
I recently discovered LinkMyPhotos which will do the same thing. It’s free for three posts, but only $5 for unlimited for one account. And…for just $9.99 per month, you can get up to 5 accounts and can link all posts on those 5 accounts too. That’s great if you have more than one Instagram account or are managing accounts for others. If you sign up use the word “Bellyitch” at checkout to get two free months! HERE! is a blog post and video tutorial I did showing how it works—> HERE!
$9- Soundcloud or Teachable – If you would like to create a podcast or offer video tutorials or courses to reach clients, you can get a Teachable account to create an online learning platform, school or course. I used it to build my online learning platform, Digital Publishing Academy. I have my 10 minute Podcast through Soundcloud. I downloaded the AudioCopy app to record. The sound quality is high. Then, I upload them to Soundcloud. It has super easy process for submitting your feed to iTunes. Sign up for SoundCloud using my Affiliate Link HERE!
If not, apply this part of the budget to your Facebook ads or use another social account’s ads.
One Time Purchase Product – Second, there are certain things that have one time fees that I would recommend. So you can see how they fit into the $1,000 monthly budget, I’m dividing it up for you.
$16 ($200 Flat Fee)– Video is big in marketing and getting BIGGER! Camtasia (which works for Microsoft) or Keypoint in Apple are great tools for creating video tutorials or making videos that can go viral. I use Camtasia and it is one of the most intuitive tools. Techsmith sells it and offers support.
Camtasia is a video software that can be used to create viral videos,Facebook and Instagram video ads and other video sales and marketing projects. It is very easy to use and understand. I highly recommend it. I don’t have graphic video design experience but it is so intuitive and easy to use that I’ve had much success making videos with it.
I used Camtasia to create a video for a client that went mini viral. I was able to do call-outs, add different background music, have neat transitions, and include video and images and it looked quite professional! If you want to get it, please use my affiliate link HERE! Thanks!
$25 – Leadpages – This platform offers the best looking and best-converting landing pages in my opinion and the opinion of all the top content marketers. The best lead magnets are made via Leadpages. It allows you to embed forms and such inside emails, landing pages, blog posts, and on social. It’s the number 1 lead generation tool. It has over 13 free, mobile-responsive landing page templates for every industry.
There you have it! I hope this helps! Good Luck All!