So, you want to get more
customers for your business? Convincing people to spend their hard-earned money
on a new product or service can be tricky business. That’s why its so important
for small businesses to have a stellar growth strategy in place to attract and
retain a strong customer base.
Whether its improving your
product or streamlining your internal processes, there are plenty of ways small
businesses can improve and grow.
We’ve rounded up 5 simple
tips to help grow your customer base...
Start with your existing customers
They say change starts
at home. And the same goes for growing your customer base. Before you even
think about GROWING your customer base, make sure that you’re offering your
current customers a product or service which keeps them coming back time and time again. Retaining this group is central to business growth. Not only will repeat
custom (if your product or service allows) enhance your cashflow, but word of
mouth referrals play a key part in customer decision making and the buying
process.
Many business growth
gurus will tell you that the key to selling is solving a problem for your
customer. If you can, find out what made your customer choose you in the first
place. If you know what challenges you solved for that person, then you can shout
about this in your marketing to attract new customers. Don’t be afraid to pick
up the phone to any returning customers or send a Survey Monkey questionnaire
out to your database. Offering a small reward or incentive might encourage them to take part.
Pinpoint your unique selling point
Knowing what sets you
aside from your competitors is key to attracting new customers. Perhaps your
service offers a solution to a problem faced by businesses, or maybe your
home-baked cakes have been voted the most delicious in your local town. Whatever
the nature or scale of your business – find your unique selling point and play
to it.
Use your marketing
channels to let them know why they should choose your service or product before
they spend their money with a competitor.
Call on your contacts
Did you meet a really
helpful contact at that business networking event last week, or did a happy
customer leave a five-star review on your Facebook page last night? If you’ve
made a positive connection with someone, don’t be afraid to ask for their help! Could they recommend
your business to any of their contacts or friends? Likewise, don’t forget to
return the favour for their business if the time comes.
If the prospect of
networking fills you with dread, we’ve put together some top tips for networking
effectively, which you can read here.
Build your online presence
It
goes without saying that your online presence can help you build your customer
base. Afterall, your virtual shopfront can be found 24/7.
Many
would-be buyers will take to the internet to find out more information before
deciding which product or service they want to buy. So, make sure you’re there
to tell them why it should be yours.
For
some small businesses, investing in a website might not be the best use of
resources. But with social media its easier than ever to build an online
presence – and for free! From building your brand to sharing key sales messages
about your latest offers, platforms like Facebook, Twitter, LinkedIn and Instagram
could work for you.
Play with your marketing strategy
Your
digital marketing strategy can easily be overlooked in the day-to-day stresses
of running a business. But it’s so important to dedicate time to getting it
right. If you just have twenty minutes a day to update your social media or send
out a newsletter to your database, you need to make sure your investing your
time wisely.
Set
yourself some key goals and make time to analyse whether you’re reaching them. Most
platforms will offer analytic tools to help you investigate how well your
marketing activity is going. For example, if you’ve set a goal to build your presence
on social media, then use Twitter or Facebook’s analytics section to check your
engagement rate (the number of people who interact with any given post) or see
how many new followers you have accrued. That way, if something isn’t working
you can experiment until you get it right.
If you’d like to find out how
else you can grow your business, or need help with any of the practicalities
mentioned in this blog, get in touch with Enterprise Hub to find out what
support is available to you. Email enterprisehub@thewo.org.uk or ring us on
0151 706 8113.
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