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MenuHow can I grow my business quickly?
How to grow my business fast
Answers
Target.
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!
https://www.upreports.com/blog/build-brand-identity-online-100-tips-ideas/
Hi
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
Invest , heavily , in yourself and Marketing , Marketing , Marketing . ❤
If you want to grow your business quickly the first thing you're going to need is not a fancy tool or a secret marketing strategy or anything like that. The first thing you need is...
Clarity...
And no I don't mean this website, I mean clarity in your purpose, on your vision, on your mission, on your product or service and your reason for building a business in the first place.
If you have a very clear message and you permeate that on everything related to your business from your hiring process to your products or services that's the best marketing you can use.
Especially in this day and age.
Hit me up if you need any guidance on how to gain that clarity and what to do with it once you get it.
The riches are in the niches. I know it may sound simple but once you find a loyal community they will be your fastest way to reach a large database.
Hi! The best way to grow your business in this day and age would be through social media. Instagram is absolutely perfect for business growth! All you have to do is 1.) create posts based on your product 2.) reach out to social media influencers and get them to advertise your product *trust me its not as difficult as it sounds * 3.) make sure your shop is interesting enough to have your potential customers wanting to come back for more and try to have sales often as well. Everyone loves a good sale! If you have anymore questions regarding this topic, definitely feel free to reach out to me and I will do my best to assist!
Surround yourself with smart people and make sure you have adequate working capital.
Related Questions
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How can I become an idea person, as a professional title?
One word: Royalties This means you generate the idea and develop it enough to look interesting to a larger company who would be willing to pay you a royalty for your idea. This happens all the time. Rock stars, authors and scientists routinely license their creative ideas to other companies who pay them a royalty. Anyone can do it. Your business, therefore, would be a think tank. You (and your team, if you have one) would consider the world's problems, see what kinds of companies are trying to solve those problems, and then develop compelling solutions that they can license from you. You have to be able to sell your idea and develop a nice presentation, a little market research and an understanding of basic trademark and patent law. The nice thing about doing this is that if you develop enough cool ideas you will have royalties coming in from a lot of different sources, this creates a stable, passive revenue stream that requires little or no work to maintain. Start in your spare time and plan on the process taking 3-5 years. Set a goal to have a few products in the market that provide enough revenue (royalties) to cover your basic living expenses. Then you can quit your day job and dedicate more time and increase the momentum. A good idea business should have dozens, if not hundreds of license contracts generating royalties. It's possible to pull this off. And it is a fun job (I'm speaking from experience).MM
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What companies have successfully implemented both B2B and B2C products or services? Which should I start with for the non-profit sector?
I would suggest the first question to ask is "what problem do I solve?" And of those people I solve problems for "who do I create the most value for?" In the non-profit world you need to add "How does my business help the non-profit run better and/or help the group the non-profit focuses on?" For example, if you've created a platform that drives donations, your company "has created a platform that helps you reach fundraising goals faster." What you don't want to do is market and sell to B2B and B2C audiences simultaneously. They have different ways of buying - a B2B audience needs to have their benefits quantified (using your thing makes me x amount more) - and it's extremely hard for a startup to be able to do both well. Better to start with one, execute really well and move into the other. Feel free to give me a call and we can dig into who your most valuable audience is.AV
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Is changing my personal name (or use another name) good for business?
I lived in the US for 28 years before returning to Russia. My name is not easy for Americans to pronounce (anything outside of the Anglo-Saxon standard names seems to fit that category). Short version of Stanislov is Stas, so I went with that for them, but I never would change my name. Take pride in the name you were given and the culture you came from. Your parents gave you that name and you have it for a reason. Just because others don't pronounce it just right is no reason to throw away your culture. Oh and Misha is the short Russian version of Michael, if you americanized it, it would have to be Mike.SK
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I have this social media idea,but no coding skills. How do I get someone to do the coding (cant afford to pay them) and not give away half of my idea?
Dilip was very kind in his response. My answer might be a bit on the "tough love" side. But that's for you to decide. My intention, just for the record, is to help you (and those like you) on your path to success. And that starts with having a viable philosophy about entrepreneurial-ism and business. And I'm going to answer this because I get asked some form / version of this question very frequently from newcomers to entrepreneurial-ism. The scenario goes something like this: "I have a great idea. It's amazing, I love it, and I just KNOW it's gonna make me a ton of money. But I have no money right now so I can't afford to (fill in the blank with things like "to build it / create it / market it / etc" or "to hire the required staff needed to work in my business to sell it / develop it / etc"). And I don't want to tell anyone about my great idea because I'm worried someone will steal it and make MY million / billion dollars. But I can't afford to legally protect it either... So how do I launch without the skills to personally create the product AND no money to hire anyone else to do that either??" The answer is ... You don't. Look - let's be honest. All you have is an idea. Big deal. Really. I'm not saying it's not a good idea. I'm not saying that if properly executed it couldn't make you a million / billion dollars... But an idea is NOT a business. Nor is it an asset. Until you do some (very important) initial work - like creating a business model, doing customer development, creating a MVP, etc - all you really have is a dream. Right now your choices are: 1. Find someone with the skills or the money to develop your idea and sell them on WHY they should invest in you. And yes, this will mean giving up either a portion of the "ownership" or of future income or equity. And the more risk they have to take - the more equity they will want (and quite frankly be entitled to). 2. Learn how to code and build it yourself. MANY entrepreneurs without financial resources are still resourceful. They develop the skills needed to create what they don't have the money to pay someone else to do. 3. Get some cash so you can pay someone to do the coding. You'll probably have to have some knowledge of coding to direct the architecture of your idea. So you will likely still have to become knowledgeable even if its not you personally doing the coding. (This is not meant to be a comprehensive list of options... And I'm sure some of the other experts here on Clarity have others to add - and I hope they do) To wrap up - Here's my final tip to you that I hope you "get"... It's FAR more valuable to have an idea that a very specific hungry crowd is clamoring for right now - One that THEY would love and pay you for right now - Maybe even one they'd pre-order because they just have to have it - Versus YOU being in love with your own idea. [Notice I didn't say "an idea that some as-of-yet-undetermined market would probably love"] I wish you the best of luck moving forward.DB
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What advice do you give to a 16 year old entrepreneur with a start up idea?
First, hat tip to you for being a young entrepreneur. Keep it up! If you have the funds to build out your MVP, hire a developer and possibly a mentor. If your idea is marketable, you don't need to give up equity by bringing in a co-founder. If this is your entrepreneurial venture, I would recommend you do retain a coach to help you see all the things you may not know. Have you already done your SWOT analysis? Have you identified your target market? What is your marketing plan? What will be your operating expenses? There are lots of questions to ask. If you would a free call, I'd be happy to help you in more detail. Just use this link to schedule your free call... https://clarity.fm/kevinmccarthy/FreeConsult Best regards, Kevin McCarthy Www.kevinmccarthy.comKM
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