Increasing Sales for Small/Medium Businesses
Small and medium sized businesses that are just starting out or even those who are several years into development usually start looking for was to increase sales and grow the market they currently have. Increasing sales can mean many things such as: increasing foot traffic to an actual brick and mortar shop, increasing online sales for ecommerce businesses , optimize conversions or sell more to existing customers. Here are some tips from the U.S. Small Business Association and other experts in marketing and sales.
- Nurture Loyal Customers– While finding new customers is always a good idea, listening to the needs of loyal customers and satisfying their requests means not only do they stay happy customers, but they are more likely to spread the word and talk you up to friends, relatives and co-workers. Creating long-lasting relationships with your current customers will pay off in the long run.
- Revisit your Web Strategy – Businesses have the potential to reach thousands, if not millions, of customers on the web. Think of the number of people who are married to their phone. The numbers are increasing practically daily of the consumers who purchase not only on the web but via mobile devices. Make sure your web strategy has taken the mobile industry into account.
- Pay Attention to Metrics – You really can’t improve what you haven’t measured. Keep collecting data on sales that come in via the website. For example, what brings visitors to your website? It might be your blog articles, pay-per-click advertisements, or referral program. You could be great at building brand awareness, but you don’t know until you measure your efforts.
- Step Up your Marketing – Evaluate your current marketing strategy to see if it needs some tweaking. Have you taken advantage of Google ad Words, Facebook Ads, email campaigns, traditional mailers, local search listings, and/or loyalty marketing? Take time as a team to examine what methods are working and what has not been tried yet. Don’t be afraid to try something new for a few months.