Dear Entrepreneur, Grow Your Business By Following These Simple Steps

By Soko Directory Team / July 28, 2020 | 8:37 am



Business Tips

By Getrude Matayo

Generating new business by growing your customer base is important to your business success. However, it can be very challenging.

Being successful often means learning from those who have already achieved their goals. Having a mentor is an amazing blessing to an entrepreneur but not everyone can find one in person.

The success of your business depends on your effort’s profits using various methods. From employee training to marketing, every aspect of your business deserves attention.

Understand Your Customer

You can only develop products and services that will be a huge hit if you ate attentive to the needs of your customers and prospects. One way to understand exactly what your customers want is through research and surveys.

Build a sales funnel

The first way to quickly grow your business is by building a sales funnel. If you don’t have a sales funnel, you are making a monumental mistake. Sales funnel can help to automate your business. It helps you to scale and grow quickly and easily.

Nurture existing customers and look for new opportunities

Have strategies in place to nurture existing customers, such as staying in contact with them. At the same time, look for an opportunity to get work and build your customer base. Make sure you find the right balance between nurturing customers and finding new ones.

Improve your customer Service

If you don’t provide quality customer service, it will be difficult to satisfy your customers even if you have a superior product or service. This aspect of the business is about taking the extra step to make them feel special.

Use Social Media

Social Media is a powerful tool to promote your business to potential customers and gain insight through social listening.

Through social listening, you can find out what customers are saying about you, gain insight into their behavior, identity keywords and trends that appeal to your target market and so improve your customer service.

Create a customer Loyal Program

Loyal programs are a great way to increase sales. It costs up to three times more money to acquire a new customer than it does to sell something to an existing customer.

Focus On Professional Development

The success of your business also depends on the quality of employees that you hire. Building an effective team is the key to ensuring that your business prospers. One of the best ways to have motivated employees who work hard is to give them a sense of purpose.

Attend Networking Events

Invest time to build your networks. It is not what you know but who you know. Networking allows you to build relationships with other people and encourage you to refer customers to you through word of mouth.

Form Strategic Partnership

Strategic partnerships with the right companies can truly make a world of difference. It could allow you to reach a wide swath of customers quickly.

Focus on corporate Social Responsibility

Your business must have something it is passionate about. This helps in improving the image of your business. People will patronize you because they know that money they are spending goes to the right causes.

READ: Majid Al Futtaim Donates Ksh 5 million In Food Aid To Underprivileged





About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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