Few products have managed to grab the vast majority of the world’s attention in such a limited time frame as CBD has. With a projected industry value of $22 billion by 2022, it is no surprise that online CBD stores are searching for new ways to effectively market their products. If you are interested in selling CBD and you are confused about how to go about marketing your CBD products in a manner that is not only effective but also legal, then what you need to do is develop and utilize an effective marketing strategy.
The world of marketing can be quite confusing; therefore, this article aims to provide you with five strategies that can help you market your CBD products online.
- Make use of influencer marketing
Influencer marketing is one of the newest yet powerful trends in the online marketing industry, and those that are selling CBD online are beginning to take notice of it. Influencer marketing can be a great way to reach a new demographic or previously underutilized target audience. With influencer marketing, your brand can leverage on the pull and reach of a chosen influencer. They have the numbers and you have the product.
- Create an affiliate network
An affiliate network is a network of valuable individuals who can spread the gospel of your product to the world, without you being intrinsically involved. Industry experts state that the value that affiliate networks bring to the CBD industry is set to increase by nearly 10% in a couple of years. With a current valuation of around $12 billion, this apparatus has been able to create marketing transactions worth more than $170 million in a single year.
- Take advantage of tradeshows
One of the most effective marketing strategies ever has always been word of mouth. You can take advantage of this powerful medium by attending important industry events such as tradeshows. This gives you the chance to meet and network with other vendors and brands that have recently set up stores selling CBD online. At certain tradeshows, you can get a booth to highlight your CBD products and introduce others to your brand. When you do this, you increase the chances of attracting a whole new audience. It is even possible for you to garner investment possibilities for future marketing strategies.
- Content creation
Creating content is usually done in conjunction with Search Engine Optimization (SEO), allowing you to integrate suitable phrases and keywords in your articles, web content and product descriptions. With content creation, you are not limited to one particular medium or social media platform. You can cross-pollinate by sharing your content all over and linking it back to your site in a bid to grow your traffic.
- Concentrate on SEO
SEO is an organic way of developing and publicizing your CBD brand online. While SEO can be a bit arduous to execute, it, on average costs less than other advertising alternatives. As such, the best way to go about SEO is to employ the services of an SEO expert. This ensures that you get your money’s worth and your brand will be better for it.
Overall, these are some of best marketing strategies you can use to get the word out there about your CBD products. Ultimately though, only the market can decide if your CBD products will succeed or fail based on their quality; but it’s your job to market them to make sure that this happens!