06/16/2020
π£π£π£NEW POSTπ£π£π£
A list of things to do and consider when expanding your business and reaching new clientele. All links have been attached in case anyone would like to read the full articles.
- Business Partnerships
βTo build connections and expand your base clientele, think about partnering with another local business to issue special deals ad membership perks that are tailored to a similar target customer.β
https://thrivehive.com/5-ways-to-expand-your-small-business/
- Target new customer markets (Invest in advertisement)
βBeing able to reach the right target customers through the right mediums, at the right time, is the first step to expanding your business into new customer markets,β says Network Capitalβs Nguyen. βWhen expanding into new target markets, you need to ramp up your advertising to these markets. This is pretty intuitive, but itβs true.β
https://www.foxbusiness.com/features/6-tips-for-expanding-your-business-regardless-of-the-economy
- Research the competition
- Consider a franchise
- Build streams of passive income
- Create a webinar
https://www.entrepreneur.com/article/306049
- Use high-impact marketing
- Master business presentations
- Monitor trends
- Know your limits
https://www.thebalancesmb.com/improve-your-small-business-2951413
Suggested Reads: (Lengthy but valuable)
- The Small Business Guide to Growth: 16 Tips on How to Expand a Small Business: https://keap.com/business-success-blog/growth/planning-strategy/small-business-guide-to-growth
The list of tips discussed in this article include focusing on analytics, scalability, and branding, having plans and risk management, investments and being financially strategic.
- What Is a Sales Funnel? The Guide to Building an Automated Selling Machine: https://www.entrepreneur.com/article/296526
This article explains what a sales funnel is, itβs importance, and how to attract people on social media.