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10 Small Business Ideas You Can Profit From Working Remotely

Changing human habits have made more people to start working remotely in recent years. These days, remote and hybrid work have become part o...

Wednesday, July 15, 2020

How Digital Marketing can Help Small Businesses During a Pandemic

Digital marketing sign with computers, calculators, pens and notepads on work table.
In an unexpected period of a pandemic as is currently being experienced around the world, forced restriction tends to cripple many small businesses. Many will eventually go out of business altogether if they don’t learn to think outside the box. The time to think digital marketing is now because many small business owners are undergoing pains physically, emotionally, and most importantly financially. Now, without a reliable source of income and to avoid going out of business altogether, the way to go is the use of technology. Smart small business owners are increasingly moving towards digital platforms and using digital marketing techniques to sustain their small businesses.



These here are credible ways to use digital marketing techniques to keep small businesses afloat during the pandemic.

Embracing Change in Business Strategy

If your business must survive during the pandemic, you must be able to think outside the box and embrace change. Even if you you’ve not been using digital platforms effectively, the time to embrace such platforms is now. Yes, it may require some risk to do but taking such risks and remaining in business is much better that going out of business on account of the forced restriction. If you embrace digital marketing, it can help you to stay in business and even to grow the business while the pandemic lasts.
 
Exploring Online Marketing

Online marketing by nature has many incredible opportunities for business. Depending on the nature of your business and your own capabilities, you can think deeply to find ways to stay in business even with the pandemic. Because of the severe restrictions on the free movement of persons and goods, you need effective strategies to overcome the challenges posed by these restrictions in our daily lives. Keenly exploring online marketing possibilities helps out to address many of these challenges. If you need to promote your products extensively and very widely, online marketing is the best and only platform most suitable for increasing awareness and reaching the right kind of audience without hassles. You can rely on online marketing to open doors to a very large audience beyond the physical reach of the offline business to target which the pandemic has severely restricted.

Reaching More Customers

Characteristically, digital platforms have no restrictive boundaries. Because of this lack of restrictions, there is no limit to the number of customers you can reach and how far and wide you can expand your business if you so decide. During this pandemic, many smart small business owners are making use of the opportunity of using digital platforms to expand their businesses and to reach more customers. With the use of a simple well-designed website, small businesses can reach out to customers anywhere in this world 24/7. Now, isn’t that wonderful even with the restrictions of the pandemic? Digital marketing makes that possible with hugely beneficial results for small businesses.

Better Customer Reach at Lower Costs

During this pandemic, many small businesses have grown tremendously through digital platforms and at a rapid pace. By using digital marketing platforms they easily reach thousands of customers around the world even within a limited marketing budget. That is possible because the comparative cost of reaching a wide audience online is much lower than doing same offline. Unlike traditional methods of reaching customers, digital marketing allows you to directly reach a large number of customers and potential customers who are interested in your type of products. All these at comparative lower costs to boot since traditional advertising methods involve spending larger amounts. Even with a higher cost, traditional ads do not guarantee that your ads are reaching the right audience with the right message.

Better Time Usage

With the advantage of digital technology, small businesses can better manage their time and resources during a pandemic. Digital marketing platforms involve very smart and effective decision making which tends to guarantee better returns on the money and time invested in the business. This comes about when these small businesses are able to use their time wisely by implementing the best and most effective digital marketing strategies to create more awareness and attract even more customers to their businesses.

Using More Effective Small Business Strategies

Earlier, with the restrictive nature of the pandemic, many had thought small businesses were completely done for. Digital marketing changed that narrative for good because it brought with it, a new way of thinking by testing and tasking the creativity of small business owners. Free and easy-to-use digital marketing tools such as Google analytics help small business owners to know what people are looking for on the internet and how they interact with what any business is offering. These tools are highly effective in helping to find the right audience and targeting them accurately. With digital marketing tools, it is easy to formulate good strategies to help track ads campaigns and effectively evaluate every move and to make changes as necessary to target customers effectively. Thus, with correct strategies in place, it is fairly easy to get whosoever searches or visits a business website to actually do business with the website.


 
Paying More Attention to Digital Marketing

The forced restriction as result of the ongoing global pandemic has actually induced many small business owners to think about and pay more attention to digital marketing. They now have more time on their hands to effectively plan for and engage more digital marketing strategies for their businesses. Digital marketing being a combination of full-fledged marketing strategies that include brands' awareness now becomes very handy to target potential audiences to convert them into loyal customers just like doing business in the physical world. Paying more attention to that now helps small businesses to easily generate trust among the customers by creating user-friendly interfaces and strategies that help to build faith in the shopping audience. With more and better time at their disposal, small businesses can now effectively set their business goals for online marketing while growing their businesses seamlessly with the aid of digital technology.

Stimulating Employment

Quite surprising! While other businesses may be shrinking during the pandemic, small businesses can indeed grow and even generate more employment with the use of digital technology.  Small business owners actually have lots of business growth opportunities because of the peculiarities of digital marketing. Since more businesses are going online, services of web developers are increasing in demand. Webmasters, bloggers, content marketers, advertisers and in fact most businesses that can be done easily online are increasing in demand. With small businesses now better able to engage with the right audience and showing their unique products and services to potential customers, demand increases. This is coupled with the fact that they can with the use of digital technology better target potential customers and generate more leads and sales because of the unique services they provide at comparatively lower costs.

Sunday, July 12, 2020

Proven Growth Strategies of Successful E-commerce Businesses

Two Gold and silver pens on a white notepad, red rose flowers, computer and a glass of beverage on top of a white work table.
E-commerce business has gradually taken hold in the world of online business. If you are just trying to get some traction in your own eCommerce business, you can do well to emulate what works well for some other businesses that can now be considered as great successes in eCommerce business. Three of such business operators that readily come to mind are, Amazon, eBay and Walmart who many other eCommerce businesses are struggling to catch up with. These businesses have had phenomenal growth over the years largely because of the effective growth strategies their managers have used to drive growth. That could’ve been the lot of your own business too if you learned to use similar strategies.

Successful businesses always like to tell their own stories. It helps if people in similar businesses learn to take note. From what we can decipher from these success stories, it appears below strategies are fairly common to these businesses, even though in varied degrees. These are the strategies that appear to have helped them to maintain relatively high growth rates and continued success.




Effective Marketing Strategies

Online, the competition among eCommerce businesses is excessively fierce. Adopting and executing the right marketing strategies is what makes successful eCommerce businesses stand out among several competitors. When you align the strategic marketing process of a business with its mission and vision, the chances of success are hugely enhanced. E-commerce businesses that adopt the correct and effective marketing approach across digital platforms and social media channels tend to have a bigger audience reach. They easily build brand reputation and exhibit some kind of unique selling proposition. E-commerce businesses that can effectively implement well-planned influencer marketing tactics depend on these tactics to positively grow their businesses.  So, if you choose the right marketing channels well, it is one very effective way to maximize and sustain the growth of your eCommerce business just as those businesses that are succeeding at it eloquently show.

Acquisitions as Growth Stimuli

Every business I know always wants to grow and expand. E-commerce businesses are no exceptions. Business acquisitions tend to better stimulate the growth potentials of many eCommerce businesses. Successful eCommerce businesses tend to rely more on successful acquisitions for their growths and developments than in-house innovations. Innovations are mostly trial and error approaches which make growth a bit slower but with acquisitions, full adaptation and beneficial results are attained faster. Reputable eCommerce businesses rely more on a ready-to-acquire strategy with a rigorous, systematic approach to grow their businesses. Company results show that this approach somehow helps these businesses to accelerate their growth rates faster. Businesses get the best results when their every acquisition initiative is well-thought through, well-targeted and very purposeful. With that, every successful acquisition helps many businesses to successfully drive their business growths.

Right Timing

Launching a business at the right time and at the right place contributes immensely to its success. When many of the current business leaders in eCommerce marketing came on stream, the eCommerce business model fitted perfectly into the changing dynamics of the market, technology, and consumer behavior. The internet was the right place to be to be able to resolve with ease customer-problems at higher urgency with the most effective solution, product, or service. These successful eCommerce businesses deliberately targeted the right audience leveraging the internet and sold to the right customers with access to the right distribution channels. The end result turned out to be phenomenal business success.



Great User Experience

As eCommerce businesses, their major window to the world is through their websites. This is the reason why the leaders in eCommerce business today have about the best, most well designed and user-friendly websites on the internet. Businesses like Amazon, eBay, and Walmart depend greatly for their marketing success highly flexible and user-friendly websites with such practical features that make shopping on their sites a real pleasure instead of a hassle. They are so concerned about this user experience to the extent that it is usual with them to periodically analyze deeply, changing user needs and experience and act accordingly to update their websites to meet the challenges. This allows them to seamlessly keep up with the trends of consumer behavior and shopping habits on the internet. Their findings guide them to re-tweak their websites occasionally to meet these trends. When you combine this with their in-house policies and visions of treating customers like kings, the user experience of customers on their websites turns out to be something very exciting. A very huge number of customers who have the ultimate service experience always like to purchase from the same business over and over again. This also accounts for why these businesses are succeeding the way they are. There is no question about it, the exceptional user experience on the websites of successful eCommerce businesses no doubt helps them to outperform their competitors.

Diversification

Businesses diversification allows businesses a great deal of flexibility to operate. And, of course, diversification and business performance are always closely connected. When it comes to diversification, the trend that runs through all successful eCommerce businesses is that they all in the main tend to optimally embrace diversification manifesting through expanded products and services, operational divisions, product promotion and delivery, workforce, and geographical regions. Diversification appears to be the major reason why successful eCommerce brands are known worldwide for their products/services and can serve a global customer/client base with ease. Judging from their operational experiences, diversification appears to have greatly helped them to improve efficiency, enhance business growth, and boost market value. See why they are succeeding phenomenally as they appear to be?