In business, marketing is spreading awareness of a product or service with the goal of having more people pay for it. Ideally, this is done in a way that minimizes up-front costs to the marketer while maximizing their financial returns. But which strategies are the most cost-effective? Below we’ll summarize economical strategies that are readily available—some at little to no cost—and have a tremendous reach and appeal. 

Digital Saves Dollars, Generates New Revenue 

It may be no surprise that many of the best marketing strategies in terms of return on investment (ROI) are digital:  

Online Reviews 

Some surveys reveal that about 95% of shoppers consult online reviews before making a purchase and nearly 60% are willing to pay a premium for a product that has positive reviews. With that in mind, it’s critical for businesses to provide a good customer experience. If you’re a business owner or marketing professional, encourage satisfied customers to share reviews on your website and highly trafficked review sites. Reviews cost nothing and can have a significant impact on your business. 

SEO Blogs and Articles 

If you can effectively use SEO tactics to tie your product or service to something that’s trending on the internet, you can attract potential customers at a very low cost. Offering interesting, useful, timely blogs or articles on a regular basis is key. 

Videos 

New AI tools enable you to assemble shareable, professional-looking videos with minimal text using stock photos and music in just minutes with minimal expenditure. You may even be able to create high-quality videos on a cell phone alone. Share these videos on popular social media platforms and your own website. 

Digital Coupons 

Coupons are very easy to send and share electronically. Still, there are risks: A discount coupon can become too popular and end up costing you more than you expected. It’s important to limit the number of coupons you distribute and also limit their stated discount amount. 

Email and Text Blasts 

With qualified leads—people with a genuine interest in or need for your product or service—and valid email addresses, an email list can yield many prospective customers at a relatively low cost. It’s crucial to make sure you have a vetted list and the recipients’ opt-in permission. The same applies to SMS or text marketing. 

Cost-Effective Strategies for a Successful Marketing Career  

Boost your marketing savvy and career potential with an online marketing program from The University of Texas Permian Basin. All of our AACSB-accredited online business programs are built around a robust curriculum and taught by our accomplished faculty. They’re also a cost-effective choice:  

  • We offer some of the most competitive tuition rates among regionally accredited universities of our stature. 
  • We save you the costs associated with a campus commute—gas, tolls, parking, etc.  

Master the marketing strategies that work for your business goals and budget in these programs: 

Online Bachelor of Business Administration in Marketing    

  • Master cutting-edge and traditional marketing methods. 
  • Discover how to harness data to enhance your organization’s profitability. 
  • Fine-tune your communication and strategic thinking skills. 

Explore potential career paths. 

View BBA program courses. 

Online Undergraduate Certificate in Digital Marketing 

  • Add this 12-credit program to any UTPB bachelor’s degree program.  
  • Graduate with two undergraduate credentials to add to your resume after completing the same number of credit hours as the degree alone. 
  • Build specialized skills centered on today’s digital marketing landscape. 

View certificate program courses. 

Immediate Value and Greater Future Returns  

When you choose UT Permian Basin for your degree you’ll enjoy great quality from the start—and tremendous potential at the finish. We’ve been recognized for our online programs in criteria including engagement, faculty, services, and support: 

See what a marketing bachelor’s degree can do for your career potential: 

  • Bachelor’s degree holders with marketing-related experience can earn $133,380 in median annual pay as marketing managers—just one example of a potential career path. 
  • Faster-than-average growth is projected for this job through at least 2031. 
  • Bachelor’s degree holders earn approximately: 
  • 38% higher median pay than those who hold an associate degree alone. 
  • 32% higher median pay than those who’ve completed college courses but no degree. 
  • 65% higher median pay than those whole hold a high school diploma alone.  

The first true test of your marketing expertise may be marketing yourself to potential employers. Be ready to show them you have the credentials and corresponding skills! Apply today.