techniques for business expansion

techniques for business expansion

For anyone who owns a business or business and wants to expand your business, but still does not dare to expand. In this article, there are techniques for expanding your business for you. If you're ready, let's go see it.

1. Keeping old customers stable.

That you think that finding new customers is easy. Please know that it's definitely not as easy as you think. The best way to grow your business is to retain existing customers. your own And it can also increase your sales. Because acquiring new customers will cost you 5-25 times more, while retaining your old customers will cost you 5 times more. %, but the profit given to you is up to 75%. which customers who have already traded with you It is quite likely that you will definitely come back to buy your product again. You can then use a combination of strategies to retain old customers. and the acquisition of new customers. That is to create growth for your business itself.

2. Asking customers who are current customers Continue making recommendations to others.

Using techniques to spread the word is another good technique. Because your customers are already customers who match your target audience. which is likely that people around The body of this customer can be your target group as well. This word of mouth will help you to have new customers. come and visit there

3. To expand the store

trying something new To attract people to be interested in your product. Then you try to open a shop in a new place. In order to add more channels for trading products that are more diverse. Try setting new target audiences. in order to diversify your target audience to be more The last thing is to make new products. This will allow you to be able to motivate your customers. and also able to help attract new customers can come in too

4. Participation in trade fairs

Take the opportunity to have a showcase about that product. will be able to increase your customers This is an opportunity that will allow you to be able to market to a large number of target groups there.

5. Trying out a niche market

You are using a niche market, it is that you are focusing on a group of consumers with specific and specific needs. It has been targeted to a narrow audience for you.

6. Development of franchise business opportunities

If your business is already successful to some extent Doing business called franchise business It is another way that will allow your business to be able to expand further.

7.Expanding exports to foreign countries

When you think that the business you are doing is stable and certain. You can expand your business to other countries. But there may be various laws. for you to learn before expanding the business itself

How are you doing with the techniques presented in this article? Hope it will be useful to all readers and see you again in the next article.

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