5 Sure Strategies to Grow Your Business

Planning to start a new business? Do you have what it takes to grow your Business? Learn proven ways
to strategize and put your start-up business on top.
Sure, you have to take risks, but don’t take risks that are already proven to fail. Make sure you learn first
and do your research to avoid making mistakes that people all around the world and the internet are
warning you not to make.
Here are some 5 simple but effective guidelines to grow your business.

1. WORK EFFICIENTLY

Having a system that will organize your business and task is important in working with such efficiency.
Being efficient means everything in any startups. By becoming more efficient for sure you’ll lessen
overhead expenses, save on costs while increasing your profits.-by this you’ll business will definitely
grow. Effective methods in becoming efficient:

• Improve and develop systems. Devise a business system that will truly work.
Understand your line of business then create a perfect solution to work effectively saving
more time, effort and energy in the process.

• Invest in good equipment. You may devise a good system but without proper or
effective tools you would not grow your business.

• Make efforts to create a difference. Just like what Wendy’s did, they offer the most
affordable hamburger at only 99 cents. And how did they do that? By simply making a
difference, making their burger smaller and offering it a great value price, same taste but
a lot cheaper is a winning strategy for this food chain. But of course you don’t have to
follow suit and deceive customers.

EXAMPLE: Mr. Emil Motycka loan an amount of $8,000 at 13 years to pay. He used the money to acquire
new equipment for his commercial mower business. With the acquisition of new equipment he was able
to pay it in just two years. Now he have more trucks, trailers and dozen mowers and all possible by
investing in new equipment.

credit photo: James Debono

2. OPT FOR HIGHER QUALITY

What have I said over and over here on moneydiver? Value comes first.
Offering an improved service or product can justify an increase in your pricing. Generally, you can
only have some price increase on existing customers or client if you recently upgraded your service or
product.

• Hire more skilled laborers or upgrade your worker’s current skills. If you are a
service provider make some efforts to include regular trainings to provide high quality
services justifying a higher rate or cost.

• Improved and upgrade products.  Offer product upgrades or simply offer a much larger
product in terms of content or size.
In some occasions you can justify an increased pricing for your service due to inflation, but evidently you
have to deal with some backlash from your customers.
If you intend to have a price increases it just right to inform your customers about this beforehand. This is
a good business practice that keeps your sales on a touchdown.

EXAMPLE: Mr. Jacob Cass can charge an average of $6,000 for his service that deals with brand identity
and the reason for this is he managed to improved and become an expert on this matter by closely
working with numerous clients to gain experience. He amassed several awards in the process and
now he is a sought after web designer that clients are willing to shell out a good chunk of money for his
services.

3. ACQUIRE MORE CUSTOMERS

Acquiring additional customers means that your business is growing. But, you must increase you
customer list ONLY if you can handle it.

• Strengthen your marketing strategy.  There are several ways to boost your products
or service marketing. These strategies will involve having to offer a referral program, get
some advertising, make some sales calls or send out direct marketing emails. Go for full
media exposure by getting a specialized marketing blog. Use your creativity to come up
with great ideas to attract more customers and maintain them. Check out Click3 and find
out ways to develop great online content marketing tactic.

• Partner with complementary businesses. Connect with the right business in order to
widen your exposure. By connecting with the right people who have businesses that will
complement yours, then do so. This move will definitely increase your customer base by
way of tapping into others. Great idea indeed!

• Synergized your current product or service by offering another.  Let’s say you are
offering a service then look for a product that will perfectly match with your service.
Since you understand the interest of your clients, you know now what type of product or
products that they will willingly buy from you. This move will immediately increase your
once limited customer base.

SAMPLE: Mr. Alex Maroko is a professional personal trainer and basically gets a $15 per hourly rate and
has limited clientele. He planned carefully on how to increase his income potential that is why he hired
an expert that collaborated with the design of his own athletic training program that he offered online.
A brilliant idea of emailing top basketball training blogs and offered them affiliate commission just by
promoting his training program was a success that translates to $20,000 just on the initial week. And in
just about five months he already made $100K.

credit photo: Vector Open Stock

4. OFFER MORE to EXISTING CUSTOMERS

It is a common goal of every business to have a recurring income system. Having your own revenue
system, you can get a customer and offer them your service or product regularly and hopefully for the rest
of your business life.

• Sell something that your customer will need. This could be a soap, perfume or food
item that your customer would need to have on a regular basis. Think of items that are
consume immediately to get some follow up orders on a regular basis.

• Offer them a complementary products or services.  Understanding your existing
market will lead to other products or services that they will eventually would want to buy.
By offering them a good match to what you usually provide them will definitely increases
your income.
Once you already sorted out your customers that have full confidence and trusted you with all the
products or services that you offer, will surely earn you a good business relationship with them and it
would be very easy to sell them anything without even trying.

EXAMPLE: Mr. Adam Horwitz has gathered 150,000 email addresses of people who have bought a
product form him on one of his squeeze pages. By having a steady stream of loyal patrons means a sure
way to generate good income.

credit photo: Michaelfso

5. ENGAGE IN ACQUISITION

Having your own established business of course using a good system with solid clientele, you can easily
grow your business big by acquiring other established businesses. You need to strategically buy out
smaller companies to grow using your own tested business approach.

• Buy out a company that offers a complementary product. Search a smaller business
that can match perfectly with your product or service offerings. It is not wise to acquire a
business that will clash with your own.

• Acquire a new service. If you are engage in service that you provide to your local
community and would want to have some expansion it is only wiser to acquire existing
small business in other areas than spend more in delivery or travel costs.
When sending in some proposals to your target small businesses for acquisition it is best to give a good
offer to show your serious intention , but make sure to prepare for any negotiation.

EXAMPLE: Mr. Emil Motycka owns a lawn maintenance company for gardens, a commercial cleaning
service company and a snow removal company. These are the services he offers to his customers.
Mowing is relatively seasonal and this is his best time to acquire when people are trying to sell a slow
moving business due to the change of season. This is a smart idea that can help you with your business
expansion and growth.

credit photo: DryIcons

These ideas are formulated in a book called  GET STARTED WITH ENTREPRENEURSHIP. Just by
merely reading this informative article you gain more insights with ideas to grow your startup. Now if you
are serious in growing your business you must get the book available in digital copy to fully understand
and learn the best strategies to grow your business.

Additionally to this strategies, here you have a list about ways to grow your business. Complements your knowledge.

Let me Know how would you grow your business!