If you’re struggling to grow your business let me share with you how to grow your business FAST.
While hundreds of business growth strategies exists, you can just follow these 3 ways to grow your business and take it to the next level quickly and efficiently.
I will be sharing with you quick tips on 3 ways you can grow your business and make MORE money.
Your business will never increase in value without growth. But business growth does not happen accidentally; it’s the result of strategic initiatives. Here are 3 basic ways you can grow any business:
- Increase the number of clients that you currently have.
- Get the customers you have to buy from you more frequently.
- Increase your prices.
Increase the number of clients that you currently have.
To increase your customer base, you need to increase the leads you have in your business. The more leads you have the more people you have who might buy your product or service. Value is the key to building an email list, the more value you give to people the more they are drawn towards you.
The more they trust you, the more likely they will become a loyal customer. Thats one way businesses grow is to just go and get more clients, its pretty simple but can be a lot of hard work.
Get the customers you have to buy from you more frequently.
It costs up to 3x more money to acquire new customers than it does to sell something to an existing customer. So maybe you need to put promotions or offers and get them to come back as repeat customers. Lots of people push to get new clients all the time. But what they don’t realise is they’ve got a great customer base that they could go back to, and sell more stuff to them. Loyal customers are so much better than finding new customers every single day.
Look at adding new products to your business, we call that a product ladder.
Here is an example of my product ladder, Ive recently written a great blog on selling more to existing clients here.
Another great way to sell more is by adding a subscription service that your clients can purchase. Graze.com do an amazing job of this selling their healthy snack.
Increase your prices.
How do I raise my prices without losing customers? Watch this video for some tips.
The first method you could use for raising your prices is the simplest – just raise your prices! But that doesn’t mean you should raise your prices at random and not say anything to your customers.
Raise your prices and tell your customers why you had to raise them. The great thing about this approach is that you are being very honest with your customers and, so long as you’re not lying about the rising costs.
Look at it like this, if you doubled your prices and lost half your clients. You would make exactly the same amount of money but have half the work to do.
You can also just raise prices for new clients, that way you are rewarding the people that decided to work with you at an earlier stage.
I’ve created a guide that I think would also help you on 13 ways to get more customers so 30 lead-gen strategies guide that you can use to get more customers more leads more sales in your business. All you need to do is click here and download that guide.
To grow a business you need to know who your ideal customer is. So why do you need a customer avatar? Check out this blog to find out why.