Being a startup that is bootstrapping with our own funds, our advertising budget is probably penny change compared to the well-funded web 2.0 startups that got billions of pennies so that they could buy $700 chairs for the entire office. So I thought it would be somewhat beneficial to other startups that are working towards that “common goal” to share some tips that we picked up on how to run an advertising campaign your startups ( website ) on a small budget.
For the public beta launch of PayScroll, we had to work with a budget of $125 and here’s how that $125 advertising budget can go a long way.
1. CPC Advertising
I believe the first thing that most people think of when CPC advertising comes to mind is - Google Adwords. I’m sure most web 2.0 startups are well aware of Adwords. Beside Adwords, Yahoo Search Marketing is also another great text CPC advertising channel as well.
Google Adwords might seem all too familiar for you but is it friendly towards our $125 budget. Well, our answer is NO. And here’s why - 1) Adwords campaign has CPM cost - meaning every impression of your CPC ads has a small cost to it. Although small, but if your campaign is doing 10000 impressions a day, that adds up. 2) We also noticed that Google Adword’s CPC bids are expensive. Yes, there is a reason why Google’s stock is $600/share.
Our tips: Yahoo Search Marketing to the rescue! Yes, Yahoo Search Marketing is a similar offering to Adwords and yes, it is cheaper than Adwords (YMMV since it depends on what keywords your campaigns are bidding on). At least our campaign did not have any CPM cost. As a small bonus - if you click on the this link (disclaimer - we are NOT getting any affiliate commissions), you should see a $50 promotional credit banner if you signed up for Yahoo Search Marketing from there. The catch is you need to deposit a minimum of $30 to get started. So there you have it 30 bucks for 80 that you can burn to get some visitors.
Our Budget: $125 - $30 = $95 left
2 . Text Links Advertising
Another great way to spend your advertising dollars is to purchase Text Links, and of course there are no other easier way than to go through Text-Link-Ads.
Our Tips: Text-Link-Ads is offering a $100 sign up bonus, what a deal for a shoestring budget! The catch is you need to spend at least $125 for your first order with the promotional credit. So there you have it, just $25 for testing the water to see which sites in their network could possibly bring you some traffic and perhaps gain a little pagerank love.
Our Budget: $125 - $30 - $25 = $70 left
3. Paid Reviews
What are paid reviews? Paid reviews are as straight forward as what it is called - you pay someone - in most cases - a blogger, to write a blog post about your site. There are a couple of well-known providers - ReviewMe and PayPerPost.
Our Tips: We have not buy any paid reviews yet, but here’s what I’ve observed from my hours of research. ReviewMe’s “publishers” appears have a higher review fee than PayPerPost’s publishers. At least that’s been the case for several publishers that we are interested in engaging. Reviewme shares 50% of posting fee with the blogger while PayPerPost charges 35% of the posting fee. So getting a paid review would cost you more from Reviewme than getting one from PayPerPost. If you are serious in purchasing a paid review, try out PayPerPost Direct. PayPerPost Direct is basically a directory of all the bloggers that have signed up with PayPerPost. Once you found the right blogger, you can make an offer. You can see what minimum offer each blogger is asking for. The bonus with using PayPerPost Direct is you only pay 10% compared to 35% fee for posting an opportunity in their marketplace. So our budget is around $20 and we’re now in the process of selecting a reviewer. We hope to share our experiences later in another post.
Our Budget: $125 - $30 - $25 - $20 = $50 left
4. Press Releases
Press release can be a cheap and powerful marketing tool. Never underestimate what amount of exposure and possible traffic it can bring. But how can we manage a successful press release without burning up too much of our budget?
Our Tips: Find a freelance press release writer to write your press release if you are unfamiliar or have no prior experience with writing one. After you get your press release finalized, submit your press release to the free PR distribution sites. Here’s a few that we have found and will be using: SbWire, MyPRGenie, PRLeap and PR.com. If you have $50 to spare - try the CenterNetworks Press Release. CenterNetworks is a major web 2.0 blog that covers web startup and a PR release link at $50 is a great deal ( PageRank and traffic ).
Our Budget: $125 - $30 - $25 - $20 - $50 = $0 left
5. Last but not least - Google Radio Ads
Ok, we did not have the money to do this , but we just can’t resist posting this awesome tip on our guide. So if you happen to have $1000 left after steps 1, 2, 3 and 4. This would not go wrong if you want to drive target local visitors.
Our Tips: Buy $1000 worth of radio ads from Google and get $2000 back in credits. You can go wrong with this deal. Too bad our shoestring budget wasn’t big enough to last till this final step.
So there you have it. An insider’s guide to running a YMMV but hopefully successful online advertising campaign for your site launch with $125. Let me know if this worked well for you!