Promoting your business is essential if your goal is to stand out from your competitors and gain brand recognition in the community. Therefore, it’s important to take advantage of promotion opportunities in your area that will generate more customers and help solidify a trusted brand-consumer relationship in your community. In today’s digital age, promotion opportunities are endless. Businesses can spread the word about their product through search engines, social media channels, online directories, or even go with the ever-so-trusted billboard. To reach your target audience, you must make your brand visible on multiple platforms. Here are some different ways how to promote your business in the community.
Out-of-Home Advertising (OOH)
The first step to promoting your business is to make it visible. What better way to do it than out-of-home advertising (OOH). Outdoor advertising techniques include street signage, flyers, street teams, promotional events, and the beloved billboard.
The most trusted and original forms of OOH advertising are billboards. Billboards work because they are eye-catching and one of the most trusted forms of advertising for consumers. The majority of Puerto Ricans live in urban areas, and the great thing about billboards is that they can target local high-traffic areas where customers can interact with your campaign.
Today, we are seeing billboards evolve, boasting endless advertising potential for business. Digital billboards continue to rise in popularity because it allows users to directly engage with the advertisement, creating a memorable experience that highlights the product/ service you are offering.
To ensure a successful billboard campaign, we have determined some best practices to help maximize your promotion:
- Keep it simple
- Use borders and cropping appropriately
- Be intentional with colors and contrast
- Leverage key locations and seasons
- Be careful of fonts
Establish a Social Media Presence
There are 2.32 million social media users in Puerto Rico as of January 2021, equivalent to 81.6% of the total population. Social media platforms like Instagram, Facebook, YouTube, TikTok, and Pinterest are great marketing tools because of the ability to engage with existing customers while reaching out to new customers. As of December 2020, Facebook received 80.3% of all social media site visits in Puerto Rico. Facebook advertising is all about getting your message on the right news feeds using targeting options. Facebook allows you to advertise using images, videos, and even polls for interactivity.
Additionally, social media can be used as a marketing tool by creating brand-specific content. Social media has provided us with a range of posting formats such as images, short video stories, live sessions, tutorials, and more. Creating content for these platforms is an opportunity for business owners to engage with consumers while promoting a specific product, service, or event.
Take Advantage of Search Engines Like Google
Being visible on Google is great for your brand, it puts you directly in front of consumers seeking solutions. Creating and verifying your Google Business profiles allows your business to show up on Google Maps and caters results to the searcher’s current location. Creating a Google My Business account is free and once verified, you can optimize your listing to show up as a high-ranking result for relevant searches using a good SEO strategy.
Be Involved in the Community
If you’re wondering how to promote your business in the community, a good place to start is to be active and attentive in your community. Businesses can sometimes be involved in the community for the wrong reasons and they show. Be sincere, be genuine. Don’t push your business if it’s not relevant or actually helpful. In one way or another, your business will come up and your community will support it after they’ve seen and felt your support.
Being involved in the community involves giving back to it. Donating to a local charity will bring your business closer to locals by making it more approachable. Consumers are likely to support your business if you’re associated with a charity or cause close to them. You can give back to your community in several ways including:
- Annual contribution to charity
- Special promotions with a percentage of sales going to a cause
- Donate products or services to local schools or community centers
Get Online Customer Reviews
Set up profiles on platforms like Yelp and Tripadvisor to increase brand exposure. These platforms are used by locals and visitors when looking for local businesses. 92% of consumers purchase from a business after viewing it on Yelp. These platforms allow customers to leave reviews, making it easy for business owners to monitor and respond to any business inquiries. Make sure all business information, such as hours, phone number, address, and website are all accurate for potential customers.
Importance of a Good Marketing Strategy
A good marketing strategy is a blueprint that will determine how your message will reach out to your target audience. Your business might be making a profit, but to remain successful, you must consistently stay ahead of your competitors. The best way to ensure this is to have a good marketing strategy in place. Not only will good advertising give you an edge, but it can also give you insight into how your business is performing, allowing you to make the right business decisions.
Market research is crucial in creating your promotional strategy. Data and information collected from this research will allow you to develop your product or service to boost profit potential. It can also help you create a detailed organization plan, ensuring optimum utilization of resources to get the message in front of the target consumer.
How to Measure the ROI of Your Campaigns
Once you’ve learned how to promote your business in the community, it’s then important to know how to measure the effectiveness of your promotional efforts.
Marketing ROI involves attributing profit or revenue as a direct cause of marketing growth initiatives. To determine whether your advertising campaign is successful or not, there’s a straightforward formula you can use:
ROI = (Sales growth – organic sales growth – Marketing Cost) / Marketing Cost
Marketing costs include but are not limited to:
- Overhead and internal expenses
- Agency fees
- Media buys
- Creative costs
ROI helps determine budget allocation for ongoing and future ad campaigns. It’s important to consistently evaluate KPIs such as reach, frequency, and impressions so you can determine if your marketing efforts are benefiting business growth and help you allocate your budget accordingly.
Strategize with bMedia Group
If you’re looking for ways to promote your business within your community, reach out to bMedia Group. We are Puerto Rico’s leading experts in outdoor and billboard advertising. Our professionals can help you strategize, execute and maximize the effectiveness of your promotional campaign and market research.
Contact us today! We’ll guarantee your ads will be seen and remembered, helping you unlock unlimited business growth.