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business growth – 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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Business habits that can makes you best performer https://www.nitinbang.com/business-habits-that-can-makes-you-best-performer/ https://www.nitinbang.com/business-habits-that-can-makes-you-best-performer/#respond Sun, 01 Jul 2018 04:55:38 +0000 https://www.nitinbang.com/?p=24238 First Post on nitinbang.com

Are you an entrepreneur, Startup or plan to start your own business soon? This is the time to recognize your business habits. These business habits increase your success rates and drop your failure. One of […]

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First Post on nitinbang.com

Are you an entrepreneur, Startup or plan to start your own business soon? This is the time to recognize your business habits. These business habits increase your success rates and drop your failure.

One of my friend Jack, who did good in their business earlier. After a while, he realizes that their business goes down day by day. He didn’t understand, what is going on? How to handle the situation? there is no any strategy worked and the fund is almost finished.

He did take advice by a mentor to resolve the issues. Mentor reviewed the situation and revealed that Jack had not good business habits. Due to this, he suffers from financial issues. Many of employees already left his company and customer support also destroyed. He did not any backup plan to outcome from this situation.

After developing business habits, Jack made the profitable business from loss-making organization again.

What jack mistakes? Quick don’ts you will also read at the end of the article, which will help you to apply business habits in proper ways.

Team building

Team building is the most important role in entire business. A good team will boom your business and a worst one drag your passion down. Associate great employees in your business and connect even after they leave. It will be beneficial for your business to take advice from them or using their services in emergencies. Always appreciate performers and degrade non-productive employees.

Cash flow

Cash flow is the financial term of any business. This is the not just income and expenses sheet. This is how organization increase their income flow and wisely expand for business. Cash inflow should always greater than cash outflow. This is the good sign of very strong business. All circulations perform better around cash flows. If your cash flow is not proper, You must work first on this concept. Positive cash flow saves and protects growing business.

Stay Financially Updated

Your Business financial document & accounting is the backbone to take the future decision. If this is not organized, how you will take a decision on the big opportunity? You can not en-cash these opportunities without knowing your actual strength. Your financial statement shows, where your business stands and achievements of your goal.

Regular connected with customers

Customers are the biggest asset of an organization or business. Your business is because of your customers. You must have plans to keep your customers forever. You can do it with regular communication with the customer via email, phone calls and messaging. They know about all your executions, products and services you offer.

A happy and satisfied customer always promote your business. Product Up-sell and cross-sell will automatically increase. You do not need to worry about your new product launching because you have the customer base to offer a new product as a trial. They will give you best feedback and review your products and services.

Read, Learn and Grow

In this cut-throat competition, you need to update yourself first, business is going to change every day. You need to upgrade your resources as well as technology. You can provide the latest and updated products as well as services to compete for the market. This will need lots of books reading, learning new tactics, correct small business mistakes for steady business growth. You can do it with online blogs reading, watch videos and listen to an audio podcast.

Third party relationship

The third-party relationship is one of the important business habit. The third party of a business will support business structure, manage your surrounding business pillars. They can be your Lawyers, Vendors, Bankers etc. A good relationship with all these third parties will always make your business stable. this will also make your business processing smooth.

Deadlines

Deliver products or services before deadlines always give you comfort. Develop a processing system which is fast to deliver.

Marketing and sales strategy

Although Marketing and sales strategy is part of your sales department. But you can update your marketing and sales strategy with short intervals. You can check these strategies and replace poor strategy with more aggressive strategy. What customer wants is also a part of marketing and sales division. You should use all marketing channels to excel your business promotion.

Future provisions

All future provisions are inevitable. Your all provision should under your vision and mission without wandering. This will ensure your business going well in future. Business should also upgrade according to fulfill future requirements.

Emergency Backup

To develop a backup system in all your processing will protect your business. There are ups and downs in every business. Create your backup system in good time will save the business in bad time.

Don’ts

  • Unorganized business schedule
  • Poor customer support
  • Business expansion without positive cash flow

Conclusion

You can develop Business habits when you are passionate about. This is not rocket science. You can easily grab and apply into your business life.

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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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