How to grow my business fast
A client of mine gave really valuable input to me a while ago. For 9 - 10 months, he tried to grow his business by using everything that you need to use... all the digital channels, all the tools, etc. And it didn't work. He didn't have a job, he went broke and was living off his partner.
One day, he had a realisation. What do I need to do today to make one sale from one customer? He figured out how to target and made the sale. Then he did it again. And again. Until his business started growing and he could afford to spend time on all the marketing channels and building what he really dreamed of.
Of course, there are other parts to this. A solid strategy, knowing how, when and where to target and finding your niche in the noise are some of many elements you want to look at. When you put a strategy first, then target second, then you build a success formula.
I can help you get that breakthrough! :)
There are a lot of ways to grow business fast when you have money. Advertising is the biggest driver of growth with money.
There are few ways to grow business fast when you are on a small budget. The best one that generates results is out-of-the-box marketing. Meaning, doing something that has chances of going viral. I was reading today about a pizza owner that started asking people to give one-star review in exchange of discount. He did it out of frustration with Yelp Sales calls but the sign board went viral and gave him huge media coverage. It also boosted his business greatly. That said, viral marketing is often risky and can backfire. So, play it nicely and after much thought.
Building yourself as a brand online is also a great way to grow. Not a fast way but it must be part of your marketing strategy. Here's a blog to get you started!
I have helped hundreds of early stage startups and businesses, and would be happy to provide you with an informed answer. But, in order to do so, please provide additional information.
What is the field of the business?
Is it a new or an existing business?
Do you have a small/medium/large budget?
Do you have knowledge in online marketing/social media or would you need someone to do this for you?
I'm happy to have a short conversation to point you in the right direction. the first few minutes will be free of charge so that we can first better understand your needs.
Best of luck
Let me tell you there is no quick way,but you can strategically plan your way, to the point you want to see your business grow.different parameters come in when looking to grow your business,and firstly we need to know the business you are in.do market research about your business, research about the service or product,take all the info you can get in,but seriously it's very hard to give precise advice on growing your business,all I can give is the basic advice,that are common practices to any business to grow.
Not all businesses can grow rapidly. it is conscious choices of simplification of the problem, usage of technology and availability of a large market that aids growth.
If you are in a niche market, then your growth will hit a ceiling very fast. You don't want to be a monopoly in a small market, you want to be a monopoly/duopoly in a huge market.
I like to put down the different problems I have to solve to get to a solution the customer will like. And then classify them into Growth Inhibitors or Growth Accelerators.
If you need to put a lot of effort to increase capacity, it's tough to grow rapidly.
If you find a great solution to a problem and generate monstrous demand, can you scale supply really fast is the real question.
Think how long it will take you to launch and cover a new city, a country, expand globally.
Tech scales rapidly. Two sided platforms also scale well and have network effects to boot. Manufacturing businesses are slower, Consultancy is ultra slow.
So the answer to How fast you can grow, lies in how you define your business, what's the problem you are solving, for whom? What's your solution? How do you make money?
Unless someone knows all of these answers, it's tough to really help
A critical component to consider when driving quick business growth is - can your business support this growth? Do you have the capacity, resources and cashflow to maintain you through it?
Over the past 6 years, I have seen a number of businesses accelerate and fail or succeed. When we took a look at the commonalities in the successes versus failures, a well thought through strategy was the key to success.
I work with companies and entrepreneurs to help build strategies and sustainable businesses. If you would like to share more about your company and vision, I would be happy to help.
Book a call and we can take a look for you
The thing everyone avoids is THE answer. PROSPECTING. :)
Reach out to 20 people a day, everyday. See The People... It's your job... Say to self - I will talk to 20 people a day about my product or service. It's only a numbers game.
Invest , heavily , in yourself and Marketing , Marketing , Marketing . ❤
Your ability to grow your Business quickly depends on the existing infrastructure of your business. A business may be ready to grow quickly and it may not have that capability in some cases.