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business development – Nitin Bang https://www.nitinbang.com Online Business Builder, Social Media Consultant, Digital Marketing Planner Sun, 25 Apr 2021 06:50:47 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.25 How To Scale Up Your Online Business? https://www.nitinbang.com/how-to-scale-up-your-online-business/ https://www.nitinbang.com/how-to-scale-up-your-online-business/#respond Tue, 14 Apr 2020 06:30:18 +0000 https://www.nitinbang.com/?p=23962 First Post on nitinbang.com

There are two things that every entrepreneur wishes for: more time and more money. We yearn for more time because balancing any semblance of a career with the demands of a family life, friends and […]

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First Post on nitinbang.com

There are two things that every entrepreneur wishes for: more time and more money. We yearn for more time because balancing any semblance of a career with the demands of a family life, friends and other interests, becomes overwhelming.

By creating a plan, taking action and staying persistent no matter what, you can leverage the following strategies and methods to scale your business. It’s not easy. No one ever said it would be. But it is well worth it.

Scaling an online business isn’t rocket science — it’s actually much easier than many people believe. When you combine a winning product or service and a solid foundation to build on, the sky’s the limit.

You can use these six tips to help you scale your online business and experience increased growth.

1. Create and share content on a blog

It is the best idea to scale your online business. Starting a blog is simple and straightforward. What isn’t simple and straightforward is actually posting useful and unique content that adds a tremendous amount of value, and doing that consistently.

However, blogging is one of the best ways that you can build authority and create an organic audience over time. By becoming an authority, you’ll end up attracting customers rather than chasing after them.

2. Leverage legitimate SEO techniques

SEO seems complex and confusing, but it really boils down to a few fundamental principles. Learn SEO the right way, leveraging the proper techniques, while adhering to Google’s many rules, and you’ll succeed. Your visibility will eventually grow, resulting in a natural increase in leads and sales.

3. Connect with influencers

It’s not easy to become an influencer, but if you have a small budget, one near-instantaneous way you can scale your business is to get influences on board to champion your products or services. This is a quick way to get out in front of a very large audience, but not the cheapest way.

4. Seek out media exposure to highlight your expertise

Getting yourself and your brand out there is crucial if you want to scale. There are plenty of opportunities to score free media exposure if you are willing to put in a little work. There is a very good chance you will come across several exposure opportunities if you put in the effort. Consistency is key if you want to find success using this strategy.

Instead, stick it out and put some effort into your responses — journalists receive hundreds of replies to each request, so you are going to need to stand out. Make sure you avoid making these stupid press outreach mistakes.

5. Set up email automation sequences to nurture, promote and convert 24/7

Every type of business can use email automation. Restaurants can build a list that automatically sends out e-coupons for specials and discounts on notoriously slow days to drive foot traffic. E-commerce stores can create segmented lists and send special offers to customers based on their previous purchase habits. Just like every other form of online marketing, email automation requires extensive split testing and constant optimization, but when you fine-tune your efforts, email automation creates a system that promotes nurtures and converts sales 24/7 — even while you sleep.

6. Maintain consistent social media branding and cross promote

Social media is such a powerful branding tool, and it’s important that you think about the big picture when establishing social accounts for your business. It will benefit you greatly if you use a handle that’s easy to remember and available on all of the networks you will be actively promoting on. You should also be cross-promoting your social media accounts in an effort to get your audience connected on as many platforms as possible. Someone following your brand on Twitter might not be connected on Facebook, which could be his or her preferred social network.

A simple “Make sure to connect with us on Facebook” tweet could get people to like your Facebook page and then engage with a future Facebook post, leading to that hoped-for conversion.

Conclusion

Don’t copy. Be different and you will win. Because it’s true. The moment they see people flocking to a new website, posting to the latest social platform or watching the hottest new TV show, they swarm in and fill it with ads for their stuff. Your unique idea in your online business will help you more to success and win. Visit and subscribe www.nitinbang.com for more information.

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What business strategy you should choose to grow? https://www.nitinbang.com/what-strategy-you-should-choose-to-grow-your-business/ https://www.nitinbang.com/what-strategy-you-should-choose-to-grow-your-business/#respond Tue, 20 Feb 2018 03:08:04 +0000 https://www.nitinbang.com/?p=23975 First Post on nitinbang.com

When you first started your business, you probably did a lot of research. You do everything possible to make your business strategy successful. You may have sought help from advisers from books, magazines, and other […]

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First Post on nitinbang.com

When you first started your business, you probably did a lot of research. You do everything possible to make your business strategy successful. You may have sought help from advisers from books, magazines, and other available sources. You did invested a lot in terms of money, time and sweat equity-to get your business off the ground. So now what?

So, what is the right amount of growth?

It may seem that companies can coast by simply maintaining the status quo of their business, but I would argue that a company is either growing or dying. How do you ensure you are growing since the alternative is not desirable?

First, you should consider whether you are ready for growth. “But I thought you said that a company has only two options, either to grow or die?”

But you don’t want to launch into a business growth plan too quick without the proper strategy and planning, you must see this article first.

Workforce supply(larger number of working peoples)

Do you have the right culture-fit employees, enough workers and right types of skills?

Discussing this with your team leaders and HR folks can be a real eye-opener. Many companies are challenged with finding quality employees who are the right skills and culture fit.

Communications (external & internal)

It’s time to check your communication skills. How do your communication with your employees? And what about your product suppliers and customers? Do your employees know your brand’s details? And how they communicate with customers?

It might be a good time to chat with your team leaders and formalize your communication plans to make sure that everyone is on the same page. Growth strategy without involving everyone on the same page can cause some miscommunication.

Orders or Service Capacity (Vendor Capacity)

If your orders, revenues, or sales sudden doubled or tripled, could you handle the growth without choking?

Do you have space, equipment, property to fulfill those significant higher orders or service requests?

Can your current vendors manage the jump in growth?

This is very basic that when you are going to grow, your vendor is capable to manage your growth consistently. Non-stop supply and without any delay will be the key point in your growth. else you should search for another vendor who is capable to do it.

Financial Resources

Finance is the Greece to run your business smooth. you should take care of your finance to run the business properly and generate enough cash flow. This is no matter where you arrange this. either from the bank, equity through shareholders or use an alternative financing model.

You should have a extra finance for your company’s bad time or emergency time to prevent any loss.

Are your Clients Grow with You?

As you grow, your customer must grow else your growth will be temporary. your customers only grow when your products or services add values to their life as well as business.

Your customer always expects the same level of attention after your growth. The client should be the first priority of your business.

Growing Business Strategy

“Failing to plan is the planning to fail.”

Most of us have heard this adage, but it cannot be emphasized enough. Business growth strategies need planning, preparation and communication with your implementation team. It would be unwise to underestimate the importance of proper setup. Implement these strategies carefully to be successful in your business.

Related article: How to take advantage of leverage in small business?

Conclusion

This post has given you a lot to think about.

You have the best quality, or maybe you have the fastest turnaround or you have the most advanced product on the market. But Make sure you have something that is unique, that sets you apart and actually matters to your customer. Meaning they are willing to pay for it at a price you can make a profit.

You sense that you may need some help mapping all of this out. If that’s you, then subscribe to nitinbang.com. I would love the opportunity to see how we might be able to help you with planning, preparation, and communication for your business growth.

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10 Winning Tactics For What Makes Business Structure More Stronger? https://www.nitinbang.com/10-winning-tactics-for-what-makes-business-structure-more-stronger/ https://www.nitinbang.com/10-winning-tactics-for-what-makes-business-structure-more-stronger/#respond Sun, 24 Sep 2017 04:03:22 +0000 https://www.nitinbang.com/?p=23533 First Post on nitinbang.com

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Everyday entrepreneur meets with business obstacles, He just fights with them, remove those obstacles in business and make business more strong, highly effective and sustainable. They make efforts to set business structure well for favorable and exponential returns.

Most of the people spending thousands of bucks to do well in their business structure, I reveal some approachable, more easy and inexpensive formulas which are universal and sure returnable.  

1. Business Automation

The word automation itself a big setup to create more efficiency, accuracy and less human errors. We need compact business structure to manage vast areas of customer relationship, timely product delivery, prompt support system as well as company updates.

 

2. Documentation

Documentation is the integral part of every business. Legal, financial and Resources documents make your business management comfortable and organized. To create a powerful business structure, proper documentation is must do with all third parties either they are lawyer, CA, planner, marketer, contractor, vendor or your employees as well as customers,

If you finalized terms and condition mutually before start work with all third parties, it will give benefits in long term business relationship. Your asset documentation makes you a perfect player in investment and boost your investment strategy.

 

3. Cash flow

The success key behind every business is cash flow, there are two types of cash, one is excess cash and another one is cash flow, excess cash is called at current liquidity in the business, but cash flow is the inflow cash every month which is generated by your business efforts on a regular basis, it doesn’t matter from how you generate cash flow, but it makes business structure more stronger in terms of expansion, working strategy, marketing and promotional activities. With regular cash flow, your business can survive better in a down economy.

You can take advantage of good deals in positive cash flow momentum in business.

 

4. Budget

Every business has had a budget, do you have any budget for your business to organize & get more better and efficient result? if your business is not budget oriented, your work flow hurts, every time your business struggle financially if it is not budget oriented. 

When we talk about budget it’s all about expenses, marketing, promotion, branding, office expenses even employee salary too.

This affects your financial decision straight forward. You must aware with your good budget planning as well as tax planning to minimize cash outflow.

 

5. Team

Without team you are not business entrepreneur, you are just self employed. The team is the core value which generates innovative things which is into your mind. They make true your ideas. Your dream product, Grab your market opportunity and realize the thoughts.

 

6. Resources / Assets

The resources make your business smoother. A well trained team with good resources always the asset of a company. Resource planning is also a more important task in an organization who want to grow.

You need to upgrade your resources time to time to take maximum benefits from all of your resources, like latest machinery, latest technology, promotional activities and in terms of branding too.

You can hire industry’s best vendor to upgrade yourself and upgrade resources.

 

7. Customer Support

Customer services are also make your business stronger with customer engagement. When customer engaged in a good way then it will be a good sign for your business.

 

8. Employee training and welfare program

This is the very common operation to training your all employee’s time to time which will be worthful for your company’s outstanding output as well as a result. If employees are trained and well equipped with upgraded technology. No one can beat your business in industry, whereas you can take advantage with them too.

 

9. Outsourcing

Outsourcing is clutter your additional expenses when work overload is over in particular time. You should identify the units to outsource and make the best quality product for your company in timely manner.

 

10. Enthusiasm

Last but not the least, Business owner having enthusiasm in what they do, is the most important in every manner, this is passion who run the business successfully. People watch your success, they do not observe your commitments, late night working hours, your sacrifices, willing to learn and the stuff you fight alone.

 

Conclusion

Your business is lucky enough in case you have all above tactics to make your business stronger. There is very big chance to boom your business in cutthroat competition with all these tools. You will hold a leadership position in the industry and make your business idol for others.

Have you all this stuff properly?
Do not forget to receive free cheat-sheet to examine your business to make stronger.

Write me on comments box or subscribe me to get free cheat-sheet.

 

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