Opening a business can be a dream come true - you spend months working on your business plan and have grandiose visions of success. But, what do you do when your growth stalls? In order for businesses to thrive, consistent, measured growth is essential.
3 Reasons Why New Businesses Fail
Thirty percent of new businesses fail during the first year. Take a look at 3 reasons this happens to put yourself above the competition.
Regardless of the type of business, research is key. Whether it is researching locations, competition, or need, failing to do extensive research will only erode the work you have already put in. Strive to meet an unmet need instead of forcing your product or service in where it doesn’t fit.
A struggling business will not qualify for a loan. Understanding exactly what your business needs financially, and securing that financing right away, could be the difference between success and failure.
In the connected world we are in, having a poor or nonexistent marketing strategy can destroy a business. It isn’t enough to just reach people with your message - the key is to reach the right people with the right message. Consumers are not going to spend their hard-earned money on a product or service that doesn’t help them in some way. Your job is to show them why they need your product or service.
Inbound Marketing Solutions Can Help Solve These Problems
Inbound marketing can provide solutions for your business.
- Revenue Streams: Revenue streams are the different ways that your company makes money. Inbound marketing solutions can help you incorporate different clientele, product add-ons and referrals, which could help to fill gaps and attract customers reliably throughout the year.
- Repeatable Process: To increase revenue, instate a repeatable process, or a process that is easy to duplicate and will save you time. The best way to solve a customer problem is by incorporating a sales process into your sales strategy.
- Infrastructure: Just like building a home, a business needs to sit on a solid foundation. Building in a blogging platform, a CRM, and social media profiles will fast track you to solid, long-term success.
How to Succeed With a Powerful Inbound Marketing Agency
If you still feel like you don’t have a grasp on what inbound marketing really is and what it can do for your business, consider hiring an inbound marketing agency. Find an agency that can make a plan to promote and sell your products more strategically, fill gaps in your pipeline and attract a larger net-worth customer.
While it may seem counterintuitive to HIRE someone to help with your business, hiring inbound marketing specialists like Tangible Words brings in 6 highly trained team members for the price of one.
Form a Partnership That Can Last a Lifetime!
Other companies have connected with Tangible Words and are seeing great results. Let specialists guide and grow your business through inbound marketing solutions.