The Number One Marketing Issue for Small Business




  • March 27, 2016

    Every business should be concerned about growing, and that means one thing: acquiring new customers. Unfortunately, many businesses go about this the wrong way. For example, Luxury Daily reports that over half of small businesses in America spend over $ 1,000 every year on local advertising without having a solid customer acquisition strategy. Fortunately, there are three easy steps to help you learn more about your customers, nurture mutually satisfying relationships, and acquire new customers to maintain continuous growth.


    Building Relationships

    Whatever your business, it’s important to know every aspect of it. While this obviously applies to your own company, it’s also vitally important to understand fellow businesses and fellow business leaders in similar fields. This is partly to help you network – to develop the cordial relationships that may eventually become professional relationships. However, it also lets you develop ideas for how to stand out from the competition by developing products and services that other businesses do not have, encouraging them to turn to your company as a pioneer within the field.


    Use customer relationship management software to analyze sales.


    Considering the sheer amount of software and hardware for small businesses that is available, the task of picking the best one for customer acquisition may be daunting. However, the answer is simpler than you may think: Customer relationship management software is absolutely vital for your company. If building relationships is one of the first major steps in acquiring new business, then relationship management software is the next step because it helps you to keep that business.


    Such small business CRM helps you to collect data and view it in an easy-to-process visual form. This is particularly useful for companies accustomed to the frustrating task of juggling multiple applications for things like sales leads and customer records. Being able to view all of this in one location allows you to assess the data necessary to strengthen relationships with existing businesses. This information can be used to create future marketing campaigns designed to entice similar businesses to become your clients.


    Collect Data for Everything

    Speaking of data, both small business CRM and tools, such as Google Analytics, allow you to examine data like never before. For instance, you can link marketing efforts – even basic ones, like sending out a newsletter, to an analytic reporting system to determine what clients do with the information you provide them. Of course, knowing how current clients process and react to information you send can help you tailor your marketing to bring in more businesses. The more data you have, the more effective this process becomes, making data collection and analysis the most powerful tool for growing your business by growing your client base.


    21st Century Marketing

    One of the lessons of the 21st century has been that business is always changing, running in a neck-and-neck race with revolutionary technology. Fortunately, though, the core principles of building relationships with businesses and optimizing your usefulness to them have not changed. Technology need not be a rival. It can simply be a way to help you successfully grow your business like never before.

    Business & Finance Articles on Business 2 Community

    (15)

    Leave a Reply

    This site uses Akismet to reduce spam. Learn how your comment data is processed.