Ideas For Business Growth in 2020

Ideas For Business Growth in 2020

23 Oct 2019


Ideas For Business Growth in 2020

As an experienced Business Mentor and Sales Expert based in the UK, I help a wide sector of businesses every month, and these are some of my top tips for developing your business.


Start with a Clear Mind!
A little perspective and the outlining of a clear plan will give you the best starting structure for scaling your business. As a top business advisor and sales expert, I can help you define your goals, identify obstacles and create you a strategy that works.


Do Your Research
Research your competitors; what tactics are they employing that are working, how do your offerings measure up to theirs, how can you set your business apart?


Develop a Sales Funnel
This is an invaluable technique that ensures you won't lose sight of what you're trying to achieve and can vastly improve customer conversion rates, thus helping your business grow. 


Identify New Opportunities
Dig deep to better understand your target demographic. Remember that you're in business to solve problems that consumers face; how have these changed and how can you adapt to meet their needs?


Generate a Good Reason for Customer Loyalty
Consider creating a customer loyalty program; these are great for retaining existing customers and attracting new ones, thus growing your business. Once your sales funnel is in place build an email list - but first ensure customers have a reason to subscribe!


Learn to Up sell
Diversify your offerings; what could you upsell, are there any complementary products or services you could offer? This will help you expand within your niche and grow your profits.

When your ready - perhaps start thinking about future development .  Consider these ideas.


Look After Your Existing Customers And Find New
This could involve improving the products or services you currently offer to attract new fans. Conducting market research and testing the changes you make will give you valuable feedback and promote trust - both sure-fire ways to grow your business' reputation and sales.


You could also develop new products or services that fit your current ones. In this instance, you'll need to be wise to market opportunities and act quickly to capitalise on them. But keep your company values and ensure it always benefits all your customers.


Expand Your Staff or Your Locations
Expanding to new locations may require additional funding, but it's a great way to reach new customers and tell you people about what makes your company, products or services so great.

New team members often bring a fresh perspective and a wealth of talent, boosting the skill set of your company. 

 



Kieran Perry – Business Advisor & Sales Expert UK
www.kieranperry.com

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