mail-box-lead-generation

written by | October 11, 2021

Benefits & Drawbacks of Starting a Local Marketing Business

×

Table of Content


Today, we are surrounded by marketing and advertising all around us. Every single business wants to attract as many audiences as possible. Today, most of us have gained internet access, and marketing isn't as expensive as it used to be in the pre-internet era. There can be thousands of strategies worth trying to attract clients, but a few are specially designed to target specific groups of people. Local marketing falls under that category, and it's a great asset that helps form a high trusted customer base. 

It focuses on clients and buyers inside a specific area of business. We also call it local store advertising.

So, what are the advantages of marketing, its importance in today's world, and how to develop a strong local marketing plan? Let's understand everything in this post!

Did You Know?

A few years back, nobody knew what influencer marketing meant, but today, on Instagram itself, the local influencer marketing industry is worth ₹100 crores.

Mass Marketing: Advantages and Disadvantages

Benefits

  •  It is less prone to changing preferences: The company's products are standard and don't make differences in choices and in customers' minds. Therefore, any change to consumers' purchasing habits shouldn't have a major effect on sales.
  • Greater efficiency of production: A high sales volume lets the company enjoy greater chances to scale. Thus, they typically benefit from considerably lower average costs of production. You can consider this among the top advantages in marketing.
  • The company gets high sales: Since they serve their customers in so many ways, prospective customers are significantly high in the market. This means the company is more likely to experience an abundance of sales.

Disadvantages

  • Costs of switching are low: Consumers don't have any other reason to remain loyal to the product other than affordable pricing. Thus, their loyalty is short-lived, which means that they will have a lower switching cost. If the company increases prices, the product will no longer be appealing and buyers will shift to competing products.
  • Low-profit margins: Companies typically depend on the low cost of their products to get the maximum number of customers. If that doesn’t happen, then that company experiences a low-profit margin.

Also Read: Advantage disadvantage of online business

How to Start a Local Marketing Business in India?

Kickstart Your Online Presence

Begin by choosing an appropriate domain name. It is best to choose one that is an exact match to your brand name. However, if that doesn't seem possible, you should choose the domain name that is the closest match to your brand name. For B2C websites, it is recommended to use a .com domain as it is the best choice. However, for B2B companies like yours, you can use a .in extension in order to get better search engine result page (SERP) results. This is applicable only if you are trying to reach Indian customers. An important note: In case you are looking to reach international customers, using a non-country-specific name extensions like .com, .co, .biz, .net, .io, etc. is the best choice.

Decide Your Strategy

It’s important to know the importance of local marketing first. Do you want to make a mark in digital marketing? Then you must consider its related aspects. Also, think about how you intend to do it from the start. It doesn't matter if you'd prefer to focus on a particular area of digital marketing or a specific industry or want to concentrate on your local area. Every choice will have consequences of its own. The goal is to focus on your strengths. Do not start with a lot of stress. Follow the rules of the startup. Start small and build your company with time.

Be Social

Select a few appropriate social media platforms to help you connect with future customers. Engaging in relevant content and making relationships with your social media followers can help you establish a solid online presence. This can also help potential customers believe in your company's reputation. You can create lasting and robust relationships by interacting with your customers on social media. This is an essential part of the local marketing plan.

Important note: There is no need to be active on all social media platforms. Select the most important ones in your field of expertise and your area of interest and update them regularly.

Small businesses are the most likely ones to publish their posts on Facebook.

  • Find the most appropriate time to make a post on social media.
  • Use a content calendar for Facebook social media marketing.
  • Pay attention to your Facebook analytics.
  • Make your Facebook page optimised for better visibility.
  • Make use of Facebook content ideas for engagement on your post.
  •  Video content should be used to promote your company throughout the internet.

Register Your Business

Although you could start as a solopreneur, you'll have to establish a corporate identity if you intend to expand. If you are unsure of how to go about it and grow your business, you might think about registering your company as:

It is possible to employ an accountant to ensure that your finances are in order and your taxes are paid on time.

Unleash the Power of Classified Sites

If you are looking to advertise your local business on the internet, the first step is to understand the potential of classified websites. If you believe that simply by making a website, you will get a huge amount of traffic to your site, then we are sorry to inform you that it is not going to happen. 

To get traffic, you should list your business on a local classified website. There are a variety of local business search engines and local business listing websites in India like IndiaMart, Justdial, etc.

The most popular Local Business Listing Websites in India are:

  • Sulekha
  • KeyVendors
  • IndiaMart
  • TradeIndia
  • Justdial

Also Read: Top Small Business Ideas to Make You a Successful Entrepreneur

Internet Press Release Distribution

One of the most important elements to advertise a business on the web is the distribution of press announcements. To do this, you'll need to contact several top media establishments. In this case, you must make press releases that are well-written and must be distributed around the country. This is a good way to advertise a local company.

Popular press release websites in India are:

  • PR zoom
  • News wire today
  • Did you know

Build Your Core Team

If you are planning to implement various digital marketing strategies, the formation of a core team is essential. Every member must know a particular area in digital marketing. For example, you could engage an SEO expert, a Facebook expert, a google ads expert, a social media specialist, etc. Solopreneurs can employ freelancers with expertise in a variety of digital marketing tasks.

Start a Blog or Website

After knowing the importance of local marketing, it’s time to attract more customers online. Through a website/blog, you can easily draw customers or users online to your offerings or services. Also, it is necessary to make a blog or website related to the local marketing business. With websites or blogs, you can easily showcase the positive aspects of your product and services. It is also a great way to market a product.

In reality, a website is your face for your company. It's a great way of attracting potential customers or clients to your services.

Conclusion

Now, you're familiar with the importance of local marketing. Once you find a result-producing advertising technique, try to scale it to the maximum. Besides cherishing new techniques and implementing them, you also need to keep a sharp eye on which techniques worked for you and how much. Also, there are changes you'll need to segmentize in order to make an impact on the local marketing business. 

Follow Khatabook for the latest updates, news blogs, and articles related to micro, small and medium businesses (MSMEs), business tips, income tax, GST, salary, and accounting.

FAQs

Q: What is a good local marketing plan?

Ans:

These are the top strategies that make your local marketing successful:

  • Sponsor local events.
  • Target nearby social media users.
  • Manage your listing in search engines.
  • Participate with online professional groups.
  • Register with various local business directories.
  • Follow up with existing customers.

Q: What are local marketing advantages and disadvantages?

Ans:

Local marketing advantages include:

  • Organically extending customer Lifetime Value
  • Increase acquisition and retention of your customers. 
  • Higher and faster market penetration. 
  • Improved brand loyalty and customer satisfaction
  • Improved competitive edge over other brands

Local marketing disadvantages include:

  • Ties to a physical location
  • Shorter brand history unless it is a well-established one
  • Access to fewer resources
  • Over-reliance on individual relationships

You must consider the above pros and cons to attain success in creating an ideal local marketing business.

Q: What is a good example of a local business?

Ans:

A local business sells services and goods in the same city. A barbershop is a good example of a local business.

Disclaimer :
The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.
×
mail-box-lead-generation
Get Started
Access Tally data on Your Mobile
Error: Invalid Phone Number

Are you a licensed Tally user?

Disclaimer :
The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.