How can a small local business with no marketing budget use social media to attract more customers?
Last Updated: 28.06.2025 08:33
as well as uncontrollable factors (Politics, Economics. Social-cultural issues, Legal & compliance requirements, Technology, Ecology, Ethics, and Demographics.
Price
Perception
Marketing is balancing and organising all the factors that create an exchange between buyer and seller, including:
People
If you are in business, you ARE “marketing”. If you don't have a PROMOTION budget, you are marketing badly.
The ‘inexcusable’ mistake Knicks made again and again in season-ending loss - New York Post
Product
Utilising social media means allocating resources to that endeavour - so you must have a budget of some sort.
Processes
Place
AND Promotion> (Advertising, PR, Personal Selling and Sales Promotion - Digital or analogue)
Good marketing is doing this well.