Tycoonplace Marketing

Once you have setup the tycoonplace it is very important to market your tycoonplace to build up your audience, you can either market your tycoonplace or individual products depending on the demographics you are targeting to increase your earnings. According to the American Marketing Association, marketing “is a process of creating value for customers, consumers, partners and society as a whole, which encompasses a range of activities and processes for creating, communicating, delivering and exchanging products.” According to this definition Marketing includes looking for products that potential customers want (for example, suggesting products, evaluating products, selling products in tycoonplace) and building relationships with customers ( customer relationship management).

Here are some ways to promote your tycoonplace to earn more income:

1. Sharing on Social Media: Majority of the people no matter individuals or corporations use social media to get connected with their friends, families, followers, and customers. Sharing your tycoonplace or products on social media is an effective way to increase number of followers, fans and sales. Since it is a place where you are connected with friends and family, it allows you to promote your tycoonplace within your social network. If people in your network like what you shared they further share it with their network and it can be further shared by people in their network, this way you are able to do free marketing of your tycoonplace without much effort. People are more likely to buy your products if they know and trust you. Here are some tips for using social media：
   • Write a professional bio about yourself and your tycoonplace so that people know more about you
   • Use hashtags and links to your tycoonplace
   • Engage with others by liking, commenting their posts
   • Make sure your content is shareable and relevant to people in your network.
   • Share other people’s content
   • Reach out to influencers to share your product/tycoonplace.
   • Follow other users and get them to follow you
2. Add creative and engaging content and share it with Tweebaa: Sharing any content or product with Tweebaa makes it accessible to all the registered tycoons, these tycoons are always looking for great content/products so upload your content and product with good photos, videos and content to make it attractive so that it reaches globally with the help of these tycoons.
3. Social Media Ads. You can use paid ads to promote your tycoonplace on social media. This is a great way to engage potential customers and keep the conversation going with them.
4. Word of Mouth. Telling people about your tycoonplace, and sharing good customer experiences are two of the best ways to promote your tycoonplace and products.
5. Use E-mail Marketing. E-mail is another great way to reach potential customers. You can send e-mails to people who are already in your network, or to customers of your business partners or third parties. Here are some tips that can help make your e-mail marketing campaign successful

Set the right goals. You should define what you want to achieve from a campaign. This allows you to assess your results against your goals and adjust your campaign if needed.

Offer discounts or free products. Discounts provide people with an incentive to buy products in your tycoonplace. Tycoonplace owners are encouraged to give customers discounts. Giving your customers free products will encourage them to remain active in your e-mail marketing campaign. Plan your communications carefully so that customers know about the free products and when the free products will be given away. This creates curiosity and anticipation.

Reaching the correct audiences is essential to the success of your tycoonplace. If you are promoting your tycoonplace or products to the wrong audiences, you are wasting time and potentially money, too. The audiences for your tycoonplace, and even for each products and contents in your tycoonplace, might be different, so you may have to define each audience based on the products you are sharing. Here are a few questions that can help you determine your target audience for each produc：

1. How old are they? Identifying the correct age group of your product is one of the key factors. If children are the ideal group for your products, then you should target their parents.
2. Where do they live? There might be duties, taxes, and fees on international purchases, which might influence some people to only buy local products.
3. What are their gender? Some products are gender-specific. For these, it is important to target either males or females
4. What are their interests? Knowing your potential customers’ interests helps you to increase sales. Showing them products that they might be interested in entices them to learn more.
5. When will the promotion start? The time of year when you promote a product matters. Both time and season would affect a person’s decision to make a purchase.

Connecting with Your Customers

It is very important to maintain a relationship with your existing customers if you are selling products in your tycoonplace. It is much easier to maintain your existing customers than to find new ones. Here are some of the tips to keep engaging with your customers. Always try to learn how they prefer for you to communicate with them.

• Newsletters and Blogs. Newsletters and blogs are great ways to be in touch with your customers. They can be used to provide updates about new products, tell customers about special deals or discounts you are offering, send customers greetings, or share information that might be of interest to them.
• Phone Calls. Phone calls are a good medium for asking customers about a recent purchase or to apologize for delays or a negative shopping experience.
• Respond to Reviews. Read reviews that your customers provide. It is important to address their concerns and reply to their reviews. This shows that you are a responsible business, and it helps to build trust.
• Social Media. Be active on your social media pages, because these are good platforms for engaging your customers and keeping the conversation going with them.
• Customer Service.One of the best ways to connect with your customers is by providing excellent customer service. Whether you’re talking to them by phone, social media, or email, you can convert that customer into a loyal customer.

Branding Your tycoonplace

Building a strong brand for your tycoonplace is very important to its success. It helps consumers and followers differentiate you from others and encourages them to engage and make a purchase, which is directly connected to your profitability. Your brand tells customers that you are committed to providing good and interesting content, product and service contributing to build reliability and trust. This promise creates loyal customers for your tycoonplace. Remember to define your brand messages clearly. A well-defined and executed branding campaign leads to a consistent brand message, a strong emotional connection with customers, and higher brand equity

Having a well-defined brand and using it consistently helps consumers remember who you are. To build a successful brand, you must determine your tycoonplace’s unique selling proposition. Once you have built up your brand, be consistent with it. Use it on everything related to your tycoonplace, such as on your products, packaging, website, social media, e-mail signature, business card, ads, or even on your vehicle. The more exposed your brand is, the higher your brand awareness.

Conversions

Having a high conversion is one of the key factors for the success of online tycoonplaces. Below are few of the tips for increasing your conversion rate：

1. Offer free or discounted shipping on certain products
2. Reach out to customers who abandon their carts
3. Create promotional events or big sales
4. Provide accurate yet enticing content to accompany your products
5. Let customers write review of your products
6. Have a testimonials section
7. Keep your processes, policies, and procedures simple
8. Post interesting contents
9. Keep your followers, customers updated about your activities

Finding New Products

Finding new products and offering them for sale in your tycoonplace is a way to get customers to visit your tycoonplace regularly. Here are some tips for finding new products for your tycoonplace

Random Browsing. This is the easiest way to find new products if you don’t already have a product in mind. Visit Amazon, Alibaba, and eBay, and browse through their different product categories, featured products, and hot sellers. Keep browsing until you see something that catches your attention. This is an effective way to discover products you may never have seen before

Problem and Solution. Think about problems that people encounter in their lives, then search for products that could resolve those problems. Figure out what kinds of problems your customers might have and provide them with products that solve them. As a rule of thumb, whenever there is a demand that you can fill, the chance of success will be higher.