9 Top Business Growth Tips
Tom Stansfield ACIM
I do marketing! ? | Speaker and Founder of Legal Growth, Lincolnshire Marketing and The Lincolnshire Business Directory. Book a free 30 minute marketing consultancy below
When it comes to growing a business, there are a lot of different things that need to happen in order for it to be successful and there are some common reasons why businesses don't succeed. However, by following some simple steps, you can make the process much easier and more manageable.
One of the most important things to remember is that growth doesn't happen overnight. It takes time and effort to see results, so be patient and keep working at it and most importantly, be consistent in your approach. Then, by following a few tips you will see business growth:
1. Define your goals and target audience
Before you can start marketing your business, you need to know who you're targeting and what you want to achieve. Define your ideal customer, then create a strategy that will reach them. I'm a firm believer in going after your next ten customers as opposed to the next one. This can help accelerate growth.
2. Utilise social media
Social media is a great way to connect with potential customers and build relationships with them. Use platforms like LinkedIn, Facebook, and Instagram to share your content and engage with your audience. Remember the demographics you're targeting and create engaging and relevant content for that audience.
3. Create high-quality content
An extension to what we have just mentioned. Quality content is key when it comes to marketing your business. Make sure your website, social media posts and other content are interesting and informative, and that they offer value to your audience. I'm a firm believer in giving away your best content for free. What better way to support your audience. Then, when they're ready to purchase, you know who they will turn to.
4. Invest in SEO
SEO or Search Engine Optimisation is essential for helping people find your website and content online. It's the process of optimising your website and content to rank higher in search engine results pages, making it more visible to potential customers. It's an ongoing process but it's measurable. You should look at your content and ensure it includes relevant keywords. SEO can be affordable, even for small businesses.
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5. Analyse your data
Regularly check your website's analytics to see how people are finding and interacting with your site. I know when people are on my website, which pages they visit and how long they spend with me. I then utilise this information to maximise my data capture and then my automated sales funnel takes action.
When it comes to automating your marketing, sales funnels are a great way to do this. By using a tool like lead pages, lead magnets or click funnels, you can create a series of web pages that guide people through your sales process and help them make a purchase from you.
6. Focus on your existing customers
Your existing customers are your best source of growth. They already know, like and trust you, so focus on giving them an exceptional experience that keeps them coming back for more. Make sure you're regularly asking for feedback so you can improve your offering and thank them for their business.
7. Ask for referrals
Referrals are one of the best sources of new business, so don't be afraid to ask your happy customers if they know anyone else who could benefit from your products or services. Ask for active referrals but also encourage clients to leave reviews too. Google Reviews would be the first place I would start.
8. Implement systems and processes
As your business grows, you'll need to implement systems and processes to help you manage your workload. This could include automating repetitive tasks, using project management tools, or hiring staff to support you. The goal is to make your business as efficient as possible so you can focus on growth.
9. Focus on your finances
As your business grows, you'll need to keep a close eye on your finances. Make sure you have a good accounting system in place and that you're regularly reviewing your income and expenses. This will help you make informed decisions about where to invest your money and how to manage your cash flow.
If you have any marketing questions, feel free to get in touch.