How can a small local business with no marketing budget use social media to attract more customers?
Last Updated: 03.07.2025 01:55
Place
Product
Marketing is balancing and organising all the factors that create an exchange between buyer and seller, including:
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Price
as well as uncontrollable factors (Politics, Economics. Social-cultural issues, Legal & compliance requirements, Technology, Ecology, Ethics, and Demographics.
Good marketing is doing this well.
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Utilising social media means allocating resources to that endeavour - so you must have a budget of some sort.
People
AND Promotion> (Advertising, PR, Personal Selling and Sales Promotion - Digital or analogue)
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If you are in business, you ARE “marketing”. If you don't have a PROMOTION budget, you are marketing badly.
Processes
Perception