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5 Valuable Tips to Grow Your Business

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5 Valuable Tips to Grow Your Business

There are more small businesses starting every day. This means potentially more competition. Because of this, it is vital to use whatever tool needed to boost your business growth. It’s imperative to be strategic in making sure you use the right tips for your business.

Therefore, the following includes five ways to boost your business:

1. Increasing your Marketing Efforts

Increasing your marketing efforts doesn’t have to be costly. You can use high-rewarding marketing techniques that are affordable. You can develop and utilize a promotion kit, provide free workshops, use your vehicle for advertising, and offer coupons or promotions with your invoices, for instance. There are various marketing techniques you can use that are worthwhile and won’t cost an arm or a leg.

Another powerful tool that is greatly needed is mobile marketing to boost your business. According to Deloitte’s 2016 Global Mobile Survey, over 40% of Americans regardless of age, check their mobile devices within five minutes of waking up and over 30% of them check them within five minutes of going to bed. Deloitte also reported how older demographics are tech crazier than the younger demographics. With all this said, you can perform various mobile marketing tools that are valuable, such as creating a mobile-friendly site, sending mobile-friendly emails, trying marketing through text messaging, and using location-based marketing.

2. Developing your Online Presence

You can do this by making your site intuitive and user-friendly. The site should also showcase your brand’s personality and mission, by including products/services’ descriptions, a blog relating to your community and business, promotions, and testimonials. You should also have a social media presence that reaches your target market.

3. Making Wiser Business Choices

Making sure your customers and vendors can maintain their end of the deal. You can perform potential vendors and customers’ background checks to check their credit.

Another smart business decision is learning how to properly calculate labor costs. Once you know the proper rates in calculating various fees, like payroll taxes, bonuses, direct/indirect labor costs, social security taxes, etc., you won’t get any unpleasant surprises of entering the wrong prices that can negatively affect your business. There are also devices, which some refer to as a labor calculator, that serves as a spreadsheet already having some figures to eliminate the possibility of using the wrong figures.

4. Maintain Superior Customer Service

According to Entrepreneur.com, you must charm customers and create quality products that will ease their lives. Satisfied customers also bring in more customers. If you are selling a product, allow your customer to exchange or return it until he/she is happy. If you are selling a service, make it right even if it takes a few times. Be grateful and kind which can go a long way.

5. Possess a Top-notch Team

Ensure your employees are qualified. You can teach some things to team members, but having team members with initiative, attitude, and drive are the main key for business success. You may be tempted to hire a neighbor’s kid or a friend, but the stronger your team is the stronger your business will mostly be.

Conclusion

With more businesses starting, the business market is becoming more saturated. You must use every necessary tool possible to ensure business success. You must charm customers and create quality products that will ease their lives. You can perform various mobile marketing tools that are valuable, such as creating a mobile-friendly site, sending mobile-friendly emails, trying marketing through text messaging, and using location-based marketing. Also, with having a superior team, utilizing different mobile marketing techniques, making wiser business decisions, and more, you won’t go wrong for your company.

Related: Marketing Your Business Is Your Main Role as the Leader

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