Business Management | Resources
Consider two online wholesalers. One makes handmade personalised decorative home products using a combination of calligraphy, watercolour, and woodcuts. The costs are very reasonable, and their clients like the work they do. However, this shop relies only on word-of-mouth advertising and has no marketing strategy. The second vendor purchases ready-made products in quantity and resells them on eBay with a 50% markup. No personalisation is offered, and the cost is very exorbitant in comparison to other products of a similar nature. However, the second vendor has gone all-in on their marketing initiatives, employing email lists, social media posts, and digital marketing tools to connect with potential buyers. Which one do you think generates more revenue?
A lot of small businesses depend on their ability to draw attention to survive or fail. A company with a great product but no marketing strategy or tools may fail, whereas a competitor with a mediocre product may succeed due to outstanding marketing efforts.
Here are some of the tools which small businesses can use in order to expand globally:
PINTEREST: Are you aiming to reach a new audience or your existing audience in novel ways. Look no farther than Pinterest! Marketing on Pinterest is highly successful.Pinterest is not just about weddings, workouts, and haircuts but much more.
Marketers share stuff that is too alluring for customers to resist in order to attract Pinterest users. Having a reach of over 433 million users, why wouldn't marketers want to use Pinterest? Whether it's B2C marketing or B2B marketing, Pinterest is an effective way for any business to engage with their audience worldwide.