How To Grow Your Business By Ignoring Bad News
People need to eat. Those people are both your customers and your employees. You, as the business owner, marketing professional, or generally responsible businessperson, have a role to play to ensure that you and those around you continue to eat. The question, though, is how can you continue your business when everywhere you look you see bad economic news.
Ok, not entirely. Don’t pretend that you’re sales are rising by 50% a quarter when they aren’t. You need to be centered in reality. But ignore the fear. Ignore the question of whether the economy will overcome your business. Instead, focus on what you can do to embrace the economic news and keep your business healthy. Here are some tips:
1. Know Why Your Customers Come To you
Everyone who calls your office, comes through your door or visits your website is looking for some kind of answer. They want to do business with either you or your competitors. Take some time to talk with your customers. Talk to some of your most loyal customers, find out what make them come back. If you know what they like, you can refine and focus your business to reflect those desires. You can make it easier to work with you than anyone else in your business.
2. Adjust Your Business To Fit Your Customers’ Needs
If you’re losing business because of price, lower your price. If you’re losing your business because of service, up your service. If your customers are going through tough times, find ways to redefine your products or services to fit into their lives. Show your customers how much they matter to you by focusing your products in ways that make sense to them.
3. Give Customers Permission to Do Business With You
Every ad you place, every mailer you send, every person you talk to about your business reminds your potential customers that you’re still in business. Give them permission to work with you. Let them know, in your messaging, that you understand that times are tough, but that you’re still here, ready to help them with their problems. When you advertise, you’re letting people know that you’re around and available.
4. Prioritize Your Markeing - Know What Works
Not every ad is worth its money. You need to know what works. You need to measure, track, monitor and capture every response made by any ad you place. When you know how your ads perform, you can make educated decisions about which ads you should place. By prioritizing your marketing, you can focus only on the useful, while throwing away the wasteful. AdSymetrix has been developed for exactly this purpose. We can track the responses from any ad you place, anywhere, online or off.
5. Keep Smiling
Don’t let the bad times overwhelm you. If you’re concerned about your business, you can find ways to work smarter to keep your business viable. Let the customers complain about their concerns with the economy, your role is to show them that their decision to work with you is the first, best decision in this terrible economic time.