Running a student business in college is time-consuming and challenging. Yet, it can be very rewarding. Young entrepreneurs receive a plethora of benefits in the form of hands-on experiences, new skills, and knowledge. And, of course, there is always a chance to make your venture profitable and gain a stable income as one of those bonuses.
In order to make money with your student business, you need to find a way to promote and grow it. The biggest issue here is that, as a student, you must not have a large starting capital to invest in paid advertising. The good news, though, is that you can achieve success without paid ads. Read on, and we will share with you seven tips on how to do this!
Delegate Your Assignments
Scaling your venture with a small budget is possible. But, of course, it’s time-consuming. As a student, you must spend nearly 100% of your time on academic papers and homework. In order to allocate enough time for marketing your venture, you need to find a way to deal with your schoolwork faster and easier. The best way to do this is to find someone to ask, “please, write my paper,” and delegate your assignments to pros. This way, you will get plenty of free time. At the same time, you will have a chance to boost your grades.
Leverage Word of Mouth
According to surveys, over 90% of consumers trust recommendations from other people more than any other kind of advertising. Word of mouth actually works much better than paid advertising. You just need to use it the right way.
There are three ways to use word of mouth to your benefit. First, you need to deliver the best quality product/service and impeccable customer experience. The better experience your existing clients receive with you, the more likely they will be to tell others about your company. Secondly, you need to encourage your clients to share feedback about you. Customer testimonials speak better than any other words. And finally, you can try and launch a referral program to stimulate your existing clients even more. By using these three tricks, you should be able to start growing your brand organically.
Try Affiliate Marketing
In a nutshell, affiliate marketing is another form of advertising that uses word of mouth and the power of recommendations. Unlike referral programs, affiliate marketing allows anyone to advertise your brand (not only your existing customers). This way, you get a chance to reach a broader audience with fewer efforts on your side.
One thing that makes affiliate marketing so fantastic is that it doesn’t really require investment. Your affiliates will do all the hard work for you. And you will reward them for this work from the revenue your new customers bring.
Benefit From Email Marketing
Today, everyone uses an email for personal and professional purposes. Given that, there is no secret that email still remains one of the most powerful marketing channels. Moreover, it’s also incredibly cost-effective.
According to the latest figures, email marketing offers the highest return on investment (or ROI) compared to other advertising methods. On average, it can bring you $36 for every $1 you spend. As a student entrepreneur, you can start an email campaign on your own. All you need is to gain subscribers and craft killer content to share with them. Eventually, email marketing can help you promote your brand with less investment and effort.
Provide Free Content
Probably the easiest and most effective way to promote a brand organically is to create and share free, valuable content with your target audience. This includes white papers, blog posts, guest posts, YouTube videos, and other types of content that bring real value and resonate with your audience.
When crafting your free content, don’t forget to leverage the basic principles of SEO. With the help of SEO and the right keywords, you will be able to boost your company’s rankings in search engines and, thus, make your business easier to find and notice for your target customers.
Get on Social Media
It’s hard to undervalue the massive role that different social media play in our lives these days. Today, nearly every one of us uses social platforms on a daily basis. We use them to communicate and entertain. But, most importantly, surveys reveal that consumers use them to discover new products, services, and brands. So if you want to promote your business with less investment, you have to make social media a part of your strategy.
In order to generate customers with social media, you only need to do a few things. To get started, you must create brand accounts on platforms your target buyers use most. Secondly, you need to take care of branding to make your pages easily recognizable. And, lastly, you have to get active. Create killer content and share it on a regular basis to keep your prospects engaged.
Getting back to the power of recommendations, it’s impossible not to mention influencer marketing. This form of advertising implies partnering with a popular influencer who has a large audience and promoting your products or services through their pages. The biggest perk of this method is that audiences typically trust the opinion of their favorite influencers and are ready to buy literally anything they recommend.
The drawback of this method is that large-scale influencers take a lot of money for ads. However, the good news is that many influencers are willing to collaborate on a barter basis. Thus, you can still use this method to your benefit!
The Bottom Line
Running a student business might be uneasy. Yet, in the modern world, there are plenty of opportunities that can make it less stressful and much more effortless.
After reading this article, you know how to promote your brand without paying a fortune for paid ads. Use these tricks to scale your business and gain more revenue with ease!