VIEW BY TOPIC
Ready to Grow Your Business Fast?
Here’s How I Grew Five Businesses, and Eventually Sold One to a Fortune 500 Company.
5 Unfamiliar Alternatives To Drive Business Growth
Business growth is a vital aspect to running a successful company. Large enterprises and multinational corporations are quite familiar with the conventional strategies that can drive further growth for their business. Some of the things they do, such as overseas market penetration and mergers & acquisitions (M&As) involve deployment of huge number of resources and people. But internet users have grown exponentially in recent years, and this has changed consumer behavior and even the marketplace.
Businesses would now have to maintain online visibility to be able to sell their products. This made them realize the need to upgrade their IT capabilities. If you’re aiming for some high-value growth this year, you might want to have a conversation with professionals, such as Houston managed IT services team and other similar sites to further enlighten you regarding the latest trends in technology.
Here are some unfamiliar alternatives to help your business growth in this very competitive industry.
Outsourcing Your IT Requirements
One way to expedite growth for your business is to outsource their IT requirements and capabilities. Getting a Managed Service Provide for IT (MSP-IT) will allow you to benefit on their core competencies and efficiency. The internet itself is a vast network of potential buyers and customers. But you’ll need the expertise of IT professionals to make the most of these networks and your interactions with potential buyers.
A vast number of businesses have already initiated, and some have already completed, their digital transformation programs. Digitization is the buzzword among business nowadays. This is about engaging the buyers and consumers who are now spending more time online than elsewhere. This is crucial for marketing and advertising because of the basic principle that you can only sell something to a potential buyer when you can capture their attention.
The MSP IT can help you use analytics for your marketing and sales campaigns. This is a detailed analysis of the behavior of account owners and users of various websites, ecommerce accounts, social media platforms, podcast and video sharing sites. Moreover, your MSP IT consultant can also help you develop an online marketing strategy which will deploy your resources and materials to those market segments who are most likely to be converted into sales.
Digital Advertisements Assist Business Growth
With the shift of buyers and consumers to the online space, companies have also shifted their advertising strategies and campaigns to the internet. In recent years we have seen how online ad placements started to immensely take over the digital space. However, they still place some television (TV) and radio advertisements now to target the older age group.
It all started when all the traditional channels of advertising in the olden days started to transform digitally, making offers to their advertisers to place their ads in their digital sites. But with the fast-paced advancements in technology, even the process of advertising evolved exceptionally. Now in every click of a mouse, ads will most likely be there, giving businesses the opportunity for a wider reach and brand awareness, resulting to higher revenue.
This is one of the opportunities to drive further growth for your business. Digital advertisements in social media platforms have proven to be effective in increasing the conversion of leads into sales. The accuracy of the analytics in social media platforms enables even small businesses to identify the largest segment of the market who have the highest likelihood to buy from them.
Keyword Search Optimization
This is also something which your MSP IT consultant can help you with. Search Engine Optimization (SEO) is the strategy of using keywords in your website, links, and online advertisements that would make your website more relevant to the frequently-searched phrases on search engines.
SEO works when the search engine algorithm ranks all the websites and Uniform Resource Locator (URL) in its database according to their relevance to the phrase or key words typed by the user in the search box. For instance, if the internet user types ‘best IT services’ in the search box and then adds the location, the search engine will return with a list of the IT services within the vicinity of the location that was specified.
Another SEO criteria that’s necessary is consistency. Aside from the relevance of the website to the searched keywords, it means that your website should contain consistent information about what’s being searched. If the information about your company throughout the internet contains numerous inconsistencies, the search engine algorithm will give you a low ranking, thus, preventing your website to land on the first page results when searched.
Content Writing Helps With Business Growth
Another possible but an unfamiliar method to make your business thrive is to make use of content writing. Content writing has the power to pique the interest of the audience or reader by incorporating your product or service proposition within the article in a very casual way.
Before, companies would hire Public Relation (PR) firms and advertisement agencies to produce write-ups for them promoting their products and services. The goal was to build up more awareness about the product through these articles posted in traditional mediums, such as newspapers and magazines.
In this day and age, content writing is being used efficiently by almost all businesses and is positively yielding exceptional results. Moreover, content writing for online audiences has a distinct advantage over those who still write in paper publications, because it has the advantage of link-building. This is done by including links in the article that lead to the landing pages of the client which seeks to drive more traffic and more growth for their business.
Giving Free Consultations And Assessments
This is one of the most underestimated ideas to drive growth to your business revenues. The marketing principles is the same whether you’re in manufacturing, trading or in services. At the end of the day, you’ve got to sell or provide something to your customers or clients, which they’d be willing to pay for.
This is easy for trading businesses and those involved in business-to-business (B2B), ecommerce, and online retail. They can provide sample products and items which they can give to their prospective customers and buyers for free.
On the other hand, professionals and service providers can provide free assessments and offer consultations to their prospective clients. It’s the equivalent of sample products from merchants and traders, and taste test from restaurants and food producers. By doing this, you’re somewhat giving your prospective clients a ‘taste’ of your product or services.
Conclusion on Business Growth
Companies are used to spending huge budgets on TV advertising and marketing to sell their products and grow their businesses. But there are now unfamiliar alternatives to drive business growth that were unheard of before the internet became as pervasive as it is today. The advancement in technology and social media interaction has created opportunities that are less expensive, not too familiar, but high-impact drivers of business growth.