Sometimes giving away work for free can be a smart business move. The term ‘Free’ has a significant psychological effect on the consumers. They become open to give it a try, and the service provider can reap a long-term benefit out of it. It can give some free exposure to the speakers, consultants, trainers, and small business ventures. In the beginning, many people do not have the funds to pay for marketing or advertisements. Many people have doubts about the results of giving away work or product sample for free. However, there are some advantages of this business strategy.
It creates a buzz
Free giveaways can create a buzz about a product or service. Nowadays, many companies hold free giveaways and contest while launching their brand or product. In today’s digital age, it does not take much time for the news to travel. If you want to give away your free work sample or product, spread the news through the social media. Many people will come forward to try your product or service for ‘free.’
Positive brand association
People love receiving something for free. So, in a way by holding a giveaway, you are investing on positive brand recognition. Generally, people prefer a free ice cream when they visit a new restaurant than a 15% discount on the entire bill. The discount may have more value, but the term ‘free’ acts more on the human psyche.
You get better feedback
When you work for free or send out free samples of your product and service, you can ask for feedback. The customers give you an honest feedback in return of the favor. Companies give away samples to potential customers when they launch a new product and ask them to fill out a survey form.
Creates a client base for your product or service
When you offer a free sample of your product or let people come in for a ‘free trial,’ people become willing to test the product or service. They get enticed by the idea of a free sample or trial. If they feel their experience is positive, they come back. In this way, you get a strong customer base for your brand.
Increase brand loyalty
Holding a customer for a long time can be difficult in today’s age. When you give away samples of your old and new products time to time, your customers stay with your brand for a longer period. You can also arrange video tutorials and product demonstrations along with the free samples. It increases the brand loyalty of your customers.
Shows your confidence
When you give away your work samples for free, it means you are confident about the quality of your product or service. You expect positive feedback in return of your hard work. People who are not sure of the quality never hold free giveaways.
If your demos or sample is of high quality, you can receive some press publicity or social media coverage too. Do not create any publicity stunt; it can backfire your business intention.
Self-employed speakers and trainers often fear that giving away free tips and inputs can make their business model fail. People can follow their advice and become independent enough to solve their problems on their own. They should not feel insecure. Giving away free tips can filter out the people who would never come back to you as a customer.
First Tech Startup to join Camden NJ
First Tech Startup to join Camden NJ
Penji is a new tech startup who recently launched in Camden NJ. Instead of having costly all-inclusive packages that design agencies typically offer, Penji offers unlimited graphic design, unlimited revisions, at a flat monthly rate. The startup launched on October 21st 2017, a day after Camden Catalyst, a startup pitch competition hosted by Waterfront Ventures to bring startups into the city.
Penji solves a unique problem that startups, small businesses, and agencies tend to have. According to Penji, startups and small business owners spend too much of their time attempting to design their own marketing materials, logos, business cards, etc. And even if they hire a company or a freelancer to help them, it often costs quite a bit more than they originally thought.
” It’s a huge time waster. And that’s why we created Penji, to solve that graphic design problem for startups and small businesses.” – Johnathan Grzybowski (Cofounder)
Penji’s unique mission
Penji also has a unique mission. The startup plans to be one of the first community conscious startups to plant their flag in Camden NJ. For Penji, being a community conscious startup means giving back to their community on a consistent basis and in ways that truly helps their community. The startup plans to offer jobs and opportunities specifically for students and residents in Camden. Their goal is to hire as many talents as they can from the city with the hope of keeping those talents in Camden. Camden is home to major school institutions such as Rutgers, Rowan, Camden County, and Cooper. Despite having these big names investing in the city, few job opportunities currently exist for students graduating from any of these 4 colleges.
“The only way to successfully revitalize Camden sustainably is if our students are willing to stay in the city and invest in the city themselves. And they can only do that if there are good paying jobs available in Camden. Currently there aren’t many available, and we plan to change that.”- Khai Tran
The startup already hired 4 students from Camden and have plans to hire more as they grow in Camden. Things are definitely looking up for Camden NJ as the interests for startups are growing from surrounding cities. The Camden city has been struggling with bringing in new businesses for the past few decades and many efforts have been put forth to revitalize the city. Things may be different this time around if enough startup companies join Penji in Camden and invest in the city.
Melissa Le (office manager of Waterfront Lab, Camden’s very own co-working space) is optimistic that Camden will be revitalized this time around.
“We’re feeling good about Camden’s revitalization and we know it will be successful if enough key industries get involved. Having major companies such as American Water, Holtec, and Subaru is a great start, however we need more interests from startups and small businesses to make Camden’s growth sustainable.”
Marketing Lingo you need to know for 2018
7 Marketing Lingo you need to know for 2018. If you own a small business, chances are you’re wondering how you’re going to market yourself. Looking online you’re going to find quite a few article and resources for marketing, most of them coming from marketing company themselves. Give or take an hour of research and you’re pretty much ready to quit because there’s too many options and because you’re not a part of the marketing or digital marketing world, all the lingo being used such as SEM, SEO, Digital Marketing, etc. becomes overbearing. That’s ok, we’ve created a short guide for you to follow that will help you better understand the world of Digital Marketing. These are the essential keywords and lingoes in digital marketing that you’ll need in order to navigate marketing information.
SEO (Common marketing lingo)
The first is the most common marketing lingo. Search Engine Optimization. This is a service that many digital marketing agencies provide to help get more people to come to your website via an organic search result. When someone online searches for a keyword that your business represent, your website will come up on the front page. They will then click on your link and be directed to your website. This doesn’t guarantee business, but it does increase the likelihood of you getting more leads and sales.
Search Engine Marketing. This service is similar to SEO because it rely on you getting good rankings on the 1st page of Search Engines. The difference is that SEM depends heavily on paid advertisements to get you there instead of appearing there organically. You know those ads on top and on the side? Those are probably the works of an SEM Campaign. Learn more about Search Engine Marketing here.
Paid Per Click. How SEM does it’s work is through a Google service known as Paid Per Click. This is where you pay Google to place your business on the front page in the form of an advertisement. Whenever someone clicks on the advertisement, you pay google a small fee (anywhere between 50 cents to $20 depending on keyword and competition).
Social Media Marketing. The goal for this is to deliver traffic to your website via Social Media. Depending on your business certain social media platforms may be better suited for you. A clothing/retail business may benefit more from Instagram and Pinterest than Twitter for example. Learn how to maximize your social media’s effectiveness here.
Digital Marketing is a broad spectrum of online marketing services. Typically a Digital Marketing campaign will include more than one services to accomplish a goal, whether it be branding or simply more traffic and customers. Digital Marketing can include SEO, SEM, SMM, PPC, and many other online-related marketing services. Typically it doesn’t include direct mail, bill boards, or bus wraps.
This marketing lingo stands for Cost Per Click and is most common with Google’s Pay Per Click model. However many other advertising platforms also utilize CPC to determine the effectiveness of a campaign. Cost per click simply means how much does it cost you every time someone clicks on your promoted ad. Usually you want the CPC to be low, that way you won’t have to pay more for people clicking on you ads.
This is a confusing marketing lingo because it could mean a lot of things. Conversion could mean the rate at which someone goes onto your website and then converts to become a customer. Your formula would be Sales conversion / Visitors. However Conversion can be something completely different if you’re advertising on Google, Facebook, of Instagram. Conversion doesn’t mean sales on your website, it could mean simply someone converting and eventually browsing to a desired page on your website, however not necessarily making any transaction. Learn about social media conversion here.
Low Cost Business Ideas
Here are some low cost business ideas to feed the entrepreneur inside you. Contrary to popular belief, you don’t need thousands of dollars to start your own business. If you want to make it as an entrepreneur, what you really need is determination and patience in order to survive the business world. If you’re looking for low cost business ideas, you’ve come to the right place because we have some brilliant ideas you can cash in on.
1. Ride Sharing Service
Thanks to platforms like Uber, ridesharing services are becoming popular worldwide. If you already have a car, you can start this business without shelling out a dime. If all goes well you can turn your ride sharing service into a chauffeur service, or hire other subcontractors to launch your own brand.
Like us on Facebook
Lane Petrauskas Is Switching Up Your Saturdays With Skorch
Why Amazon’s Second Headquarters Should Choose Northern Virginia
Why Amazon HQ2 Should Choose Chicago
How The Technology of 23andMe Benefits You
You Need To Know What Happened To Snapchat Stock
Everything You Need to Know About The Facebook Cambridge Analytica Scandal
8 Easy Habits To Adopt In Your Workplace To Boost Your Health
- Business7 months ago
Top 6 best GTX 1080 Ti Graphics Card of 2017
- Business1 year ago
Hubble Contacts Founders Ben Cogan and Jesse Horwitz Disrupting The Contact Lens Industry
- Business8 months ago
Improve Communication Skills As An Introvert
- Camden4 months ago
“I’m Fat Let’s Party” Guy: Life as a Celebrity Meme
- Startup Central8 months ago
7 Reasons Why You Need to Get The Dark Base Pro 900
- Startup Central8 months ago
Josh Hoffman CEO of Game Plan
- Lifestyle8 months ago
The Future of Good Posture: UpRight Go Review
- Events1 year ago
Katsucon: The People Behind The Masks