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Internet Marketing is a now a must do marketing activity for any small business wanting to prosper in the so called Information age. However, with this being said, marketing your small business on the Internet does not need to be expensive, nor does it need to be complicated.

And, just like in the real world, there are many small business marketing options available to you.

For small businesses Internet marketing can be a surprisingly low-cost way of promoting your local small business. This promotion can be targeted locally, regionally or across the globe.

So, what are these strategies and how does one apply them?

For the average small business there are only THREE approaches to Internet marketing that one needs to consider, being…

1. Paid search marketing (Pay per click marketing, and its numerous variations), and… 2. In-context link marketing (being commercial links within content on a specific topic), and… 3. Natural search marketing (SEO, content marketing, blogs and its numerous variations).

So, with these different approaches, what are the pros and cons?

1. PAY PER CLICK SEARCH MARKETING:

Paid search marketing is paid advertising. You pay for your ad to be placed before people searching on specific keyterms. The effectiveness of your PPC campaign is directly related to the keyterms you chose to use, as well as the sales path you set up on your landing page (where people land when they click on your PPC link).

The benefits to you (the pros). Well, when correctly targeted, you’ll reach prospects, fast.

The CONS: A) Specialist skills required. And, you can lose a lot of money, fast! B) PPC specialists are not cheap. C) You continually need to run your ads. D) Can be very costly (especially for commercial keyterms). You only get to play as long as you continue to pay.

2. HYPERLINK within CONTEXT LINK MARKETING:

This approach uses other people’s web site content as the platform for your advertising. The links are embedded inside the content on their web pages. This content is usually keyword focused. For example, let’s say that you sell wood heaters. When you engage in in-context link marketing your hyperlinks are placed within content on specific web site articles and/ or web pages about wood heaters.

The PROS: Information is the currency of the Internet. When you use these embedded hyperlinked, and within context ads correctly they can be a very effective advertising medium for small business. The clickthroughs may be lower than the PPC model, but the quality of visitor is usually much higher.

The CONS: A) Competition for commercial keyterms is fierce. This continually drives your costs up. And, you only get to play as long as you continue to pay. B) You have limited control over where these hyperlinks are placed, because it’s the In-Context advertising system that places these links in the participating publisher’s content for you. C) To get best results here one needs to utilize specific landing pages for the clickthroughs from your different ads. This is called the search path, and again it’s a specialist skill that’s needed to set up good search path landing pages.

3. NATURAL SEARCH - SEARCH ENGINE MARKETING:

Think about this. How do YOU use the web? I’ll guarantee you that if you’re looking for a solution to a problem that you do what millions of other people do everyday. You go to your favorite search engine (usually Google) and type in your problem (a.k.a. keyphrase). Then, your search engine presents you will likely answers. When a small business interfaces with the fundamental reality of the way people use the Internet THEY win.

Note: It’s important to understand that search marketing is different from SEO. SEO is a term used to describe the optimization of a web site and its pages for the search engines to be able to spider pages correctly.

The PROS: With natural search marketing, if your business is the creator of the keyword-focused content, you have a distinct marketing advantage on the web. Long term, these advantages will far out weight both the PPC and In-context marketing strategies, because you are building a web business or traffic portal which belongs to you. Your results with natural search marketing are in direct relationship to your own efforts. And, here’s an interesting twist, small businesses wanting to primarily market themselves locally or regionally have a distinct advantage using this natural search marketing methodology.

The CONS: A) Search marketing strategies require more effort than the potential throwing money at the wall techniques of the other strategies. B) It can be a slower approach than the other methods discussed. However it has been proven time and again that search marketing is an ideal and cost effective method for small businesses to use on the net.

So, in summary… Small Business Internet marketing no longer needs to be the mysterious world it once appeared to be for small businesses. However, there is still a great divide between those small businesses that employ smart marketing strategies as the foundation of their online marketing systems, and those that don’t.