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How to Boost Your Small Business Growth with Digital Advertising

How to Boost Your Small Business Growth with Digital Advertising

As more companies turn to ads, competition for ad space is intensifying, leading to a sharp rise in costs. While marketers watch their cost-per-click soar, their CTR and ROI are declining. It may be tempting to blame the platform, but the real issue is often the ads themselves.

In times of increased competition, it’s easy to consider giving up, but that would be a mistake. To thrive, you must adapt.

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In this article, we have compiled a list of 5 available and effective channels for advertising, sorted out their pros and cons, and showed what can boost your small business.

Where can you place digital advertising most successfully?

What kind of advertising is effective? If you formulate the question this way, without clarification – you are at the beginning of the path. You can overcome it alone or with a guide (agency or remote freelancer).

In both cases, the more specific you are at the start, the less likely you will be disappointed after the first test. If resources allow it, you can try any advertising platform. Use several channels simultaneously and achieve synergy so that one enhances the effect of the other.

Effective digital advertising tells your product’s benefits to the largest target audience. So, all you have to do is leave a compelling CTA. Profit.

For example, a young website might have a mix of channels like this:

There is no shortage of ways to deliver digital advertising. Everything rests on resources. And it’s not just about money – each channel has its own rules, interfaces, formats, and analytics. 

To not waste budgets, you need to determine which channel has a larger target audience, which channel responds better to advertising, and where there is less competition. There is no unique solution – each business decides where and how much advertising to place. 

What type of digital advertising to choose: the most effective channels to boost your small business

So, let’s talk about the types of digital advertising.

1. PPC

Users see advertisements in the search engine results. The system searches for keywords in the query and shows users an ad. The format is good because you do not need to create demand from the audience.

PPC ads appear before the organic search engine results. The ad block contains a link to the site, headline, and subheading, as well as links with additional information.

Pros of PPC advertising:

Cons of PPC advertising:

Shows are formed according to the auction results. If you have the highest bids, then your advertising will be seen by the target audience. 

2. Contextual advertising

You can start advertising on sites, applications, and video hosting sites with blocks for displaying ads. This advertising can be set up through Google Ads. Contextual advertising has several formats: graphic, text-graphic, and video. The main thing is to make a bright, creative ad with relevant text.

Pros of contextual advertising:

Cons of contextual advertising:

In other words, contextual advertising is aimed at increasing reach and brand awareness rather than direct sales to a hot audience. While advertising on search engine results caters to established demand, contextual ads may reach users who are not yet in the buying phase.

To better manage and optimize your ad campaigns, you can use an ad server. It helps deliver your ads to the right audience by automating placements and allowing more control over where and when your ads appear. 

This ensures that your ads are displayed on high-quality sites, reaching the most relevant users. For small businesses, an ad server can be a game-changer. It allows them to stretch their marketing budget further by:

Even with limited resources, small businesses can run highly effective campaigns, track performance, and make data-driven decisions that maximize return on investment. This level of control and optimization helps smaller advertisers compete with larger brands.

3. Targeted advertising in social networks and messengers

Targeted advertising is shown to the target audience based on the information in personal profiles. To show ads, experts set several requirements:

You can also use look-alike audiences – social networks’ algorithms will select users who are most similar to your customers. Targeted advertising in social media also has many formats – there are graphical ads, text, video, and publications in the feed.

Pros of targeted advertising:

Cons of targeted advertising:

Targeted advertising generates user demand even before the user decides to search for something specific on the Internet. Flexible settings allow you to select segments and test various hypotheses on them.

4. Search Engine Optimization (SEO)

It is a relatively free method of promotion. You perform actions that increase the site’s position in the search engine results. This is necessary to attract as many users as possible.

Work on SEO is a whole set of versatile tasks, which includes:

Pros of SEO:

Cons of SEO:

To make it easier, you need to use special services for SEO specialists. If your site isn’t SEO-friendly, you will not succeed.

5. Remarketing

This is a strategy to return users who have already been interested in you. Retargeting is used for remarketing. For example, people opened the site, added products to the cart, and clicked on banners.

With remarketing, the business solves the following tasks:

Pros of remarketing:

Cons of remarketing:

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5 Tips to Accelerate Your Small Business Growth with Online Advertising

Here’s how you can harness digital advertising to grow your small business.

1. Choose the Right Platform

For instance, if potential customers are young, then it would be appropriate to use Instagram or TikTok. However, if it is a professional demographic, LinkedIn can be the place where you have been looking to go.

Study what kind of people use the respective platforms to ensure that your ads are smartly invested.

2. Have Clear Goals

Before starting any campaign, define what you want to achieve. Would you bring in website traffic, drive e-commerce sales, or build brand awareness?

Having clear goals will help measure ad success and make necessary changes toward better performance. Without goals, it is very easy to mess around, spending time and money on strategies that don’t yield growth.

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3. Target Specific Audiences

Digital advertising will enable you to reach an audience based on age, location, interests, and even behavior. That is just an advanced level of targeting, implying that your ads are viewed by people who are most likely to show interest in your product or service.

4. Leverage Engaging Creatives

Success largely depends on the visual or text used for your ad. Eyes hang on bright images, catchy short videos, and succinct, impactful copy.

Avoid generic stock photos that don’t do their job to convey your brand’s personality; use real images that show your product in use or give a sneak peek into customer testimonials. Messaging should be clear and direct, giving potential customers a reason to click.

5. Monitor and Optimise Your Campaigns

Utilize analytics brought to you by platforms like Facebook Ads Manager or Google Ads to stay current with your campaign’s performance.

If some ads aren’t delivering, then rework them. Whether refining your audience, adjusting your budget, or changing up the ad creative, don’t be afraid to experiment until you find what works.

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Conclusion

One tip for each type of advertising discussed above:

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