Connect with us

Career

234Finance: 4 Steps for Accelerating Online Business Growth

Published

 on

The internet is growing at a sporadic rate, and every entrepreneur should focus on the right investments to ensure their businesses maximize the internet to the fullest. There is no aspect of business today, that is not aggressively pushed online and traditional advertising has been overshadowed by online advertising. The internet has indeed changed how we do business. Here are some strategies you can adopt to position your business for more growth and extensive promotion:

Plan for explicit growth
To achieve sustainable growth in your business, every goal must be deliberately planned and executed. As an entrepreneur, you need to decide which area of your business is in dire need of growth. Consider the key areas that need a comprehensive makeover to generate more sales.

The answers to these questions however, will be best derived from monitoring your numbers. Forward-thinking entrepreneurs should know their numbers and be apply that data in evaluating possible loopholes. Review each of your online business verticals and note down how much growth was achieved in the previous quarter. This assessment will give you in-depth analysis about your business, and give you a better understanding of the areas that are generating the most sales and areas that should be completely scrapped.

Engage the right advertising channel
A clear understanding of advertising is linked to the success of your online promotion. Most online content is created exclusively for marketing purposes and it is imperative to do some research to understand which advertising channel best suits your type of business. The advertising strategy one founder would deploy for a freelancing startup, would be different from another who has launched a beauty startup.

Take advantage of automation
One of the best growth techniques business owners can explore is to automate their online business growth. Many companies are seeking to outsource more work in order to focus on the most important tasks. This is done to increase efficiency and avoid losing out on potential income as a result of time-wasting tasks. You can also automate areas of your online business that you know little about. Develop processes to ensure you are only engaged with tasks that are within your areas of strength.

Connect with your potential audience
Every business should have a blog, as a medium for connecting and engaging with their audience. Creating insightful and relevant content for your online community will establish you as a thought leader within your industry. An example is HubSpot, the inbound marketing and sales platform which attracts almost all their major leads from their business blog, that has been deployed to grow their email list to over 300,000 vibrant marketers. When your business starts a blog which is focused on providing answers to every issue a potential client will have, you have a high chance of converting the prospect to a customer.

If you found this article useful, bookmark 234Finance.com or kindly follow all of our social media pages for more business tips.

Photo Credit: Dreamstime

234Finance.com is an online hub that promotes African Entrepreneurship. We provide free resources, share opportunities and events that entrepreneurs can benefit from and thrive in Africa’s tough business landscape.Follow 234Finance: instagram.com/234finance facebook.com/234finance twitter.com/234finance

Star Features

Advertisement
css.php