Savvy online business owners can take advantage of all the free marketing opportunities the Internet has to offer. In order to maximize the results by using free marketing, you’ll need to put in a little bit of elbow grease and quite a few hours of time, but once you get the hang of it, you’ll be astonished by how well you can get the word of your business out there and start seeing real conversions.

The best way to go about marketing your site without spending a dime is definitely the social media route. There has been a literal explosion of interest in sites such as LinkedIn, Facebook, MySpace, and Yelp in recent years, and any online business owner who’s interested in getting the word out about their products and services would be foolish to not take advantage of these congregation spots.

The trick for making social media marketing effective is the method in which you go about it. Many business owners simply sign up their businesses for accounts and then send off hundreds if not thousands of friend requests and expect interest to come flooding back in.

The reality of the situation is that it’s not that easy – a smaller approach is definitely much more economical insofar as generating real interest in your business is concerned. Start by friending smaller groups – no larger than twenty people. If somebody sees that you’re trying to friend over two hundred people, chances are they’ll think you’re a spammer and not reply to your query. Smaller groups make you look more genuine and interesting. Also remember only to friend groups and individuals who have a stated interest in the product or services that you sell; to do otherwise is considered spam.

When sending out news feeds on these sites, the number one rule to consider is keeping your send-offs interesting. Before you send anything out, be it a “tweet” or a status update or an email announcement, take a minute and think about whether or not what you’re sending out is relevant or interesting. People will enjoy hearing about your product offers occasionally, but not three times a day. Again, you don’t want to come off as a spammer, because then people will stop friending you and the whole process will be for naught.

Also, be sure to take the time to look at the profiles of your friends and occasionally comment on what they have to say. This helps build your credibility as a “friend” and show that you take an active interest in the people who are following you on the social networking sites. Once again, more personable and less spam-like makes your social media marketing strategy much more effective.

One of the most valuable assets an online business can have is an opt-in list. What’s this and how does it work? We’re here to help!

An opt-in marketing list is where a customer (or potential customer, but it’s most often somebody who has purchased something from your site) gets an option to include themselves in on an email list that your company sends out.

This is very different from spam, which is where unscrupulous business owners go “phishing” for random email addresses that they find on the Internet and relentlessly pelt these poor souls with emails. Spam does nobody any good and basically ends up costing a business a lot of money only to irritate people.

An opt-in list, though, is a brilliant for business because the people who receive your emails are actually interested in receiving them. You can send this list of people who are interested in keeping constant correspondence with your business occasional emails – no more than twice a month, usually, and only when you have something of worth to say or offer – which can detail everything from the current goings-on of your business to deals and offers and promotions. Many companies offer special promotions to those who join their opt-in list as an incentive to, well, opt in.

Opt-in lists give customers who are interested in you your attention. Even better, the effect of an opt-in list is entirely traceable, as if you start offering promotions through your list you’ll be able to tell how many of them get redeemed. Opt-in lists are also another great way to get out more of that free expert content you offer, specially designed for those who wish to follow you. Many smaller businesses offer Q and A sessions through their opt-in list, where followers can ask specific questions that can be answered through the general forum of your email.

These lists are also the digital equivalent to having “regulars” at a store and engaging them in casual chat. Through an email list you can develop more intimate relationships with customers as compared to the normal “anonymous buyer” that hops into your site to pick up a few items, and then hops out without you knowing anything more about them other than what they bought. Close relationships with customers generate brand loyalty, which is a hot commodity.

Want another bonus? Email marketing can also be entirely free if you manage it yourself. Even if you choose to outsource your email marketing or leave it to an employee to handle, it is much cheaper than print advertising because of how targeted it is. Individual customers make specific requests, and you fill them by sending out the information direct to those who asked for it. It’s a very simple, yet incredibly effective method of advertising that is guaranteed to optimize conversions and get people talking about you, particularly if you make your opt-in list a plum deal to join.