3 Oct 2022| O-Founders
Top 5 Best Practices Business Owner Should Know in 2020
Do you know the difference between a successful and a struggling company? It’s the approach of doing business. Most of the business owners create strategies that help their companies survive for a short period. They design, promotions and lead generation events based on “hope” that someone would be interested in their business. But the market has evolved, and the way we promote our products and services has changed.
Designing a logo is not enough for launching your brand. You need people to associate everything that your organization does with your brand – product designs, ad campaigns, events, or communications. Your strategy should have a consistent tone that defines your brand to the customers.
You need to identify who your audience is. You shouldn’t shoot in the bush blindly and expect that it will hit something. The more you refine your audience base, the better outcomes you will achieve out of your promotions and campaigns. Campaigns designed to address target audiences have delivered higher ROI across industries.
You could define your targets based on the customer’s interest, location, age group, lifestyle. A simple questionnaire or survey could help you create a buyer persona. Social media websites contain a huge database of customers and their shared information. Publish your ads to different segments of people so that your ads deliver more engagement and expected website visits.
Avoid having a static website that talks only about your products. Make sure you have a blog section that customers could use to understand your values and solutions offered by the company.
Social media websites are great platforms to create a community that thrives on knowledge sharing and providing valuable feedback. These communities shouldn’t be used to promote products. Instead, you should allow the community members to talk about your products and understand what is required to make your campaign successful.
One such community is GoFounders that is compassionate in providing real-time feedback, and the members proactively share innovative ideas for the business owners to grow and find the target audience.
Email campaigns generate a 3800% ROI. That’s an impressive number. Emails help in managing the budget and, at the same time, deliver relevant information to the customers. Customers who receive relevant product offers and newsletters via email on a fixed frequency are most likely to remain loyal to the brands.
Today it isn’t very easy to hold customer attention for a long time. One misses and your customers might not look back at your business again. It’s the age of attracting, engaging, and delighting customers with personalized offers and communication. It’s time to educate customers instead of expecting them to visit and learn by themselves.
Proactiveness is the key to success, followed by well-planned strategies to reach the target audience, and exchange value in terms of customized products and on-time feedback.
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