BE a BIDDA: "BELIEVE, INSPIRE, DREAM, DO ACHIEVE"
From Entrepreneur.com by Gregory Kennedy
"We do not need more men, more resources to grow; we only need more spirit in men"
Yes more imagination, more resourcefulness and imagination.
There are a number of ways to grow sales and business without spending more or burning your budget.
1. Automate tasks with software;
2. Build business through referrals
3. Find scalable business channels and concentrate on nothing else, Cold calling and door to door selling is not scalable and must be discarded.
4. Be an efficient leader
I did not put down the last one, because it will encourage mediocrity. Always do it right the first time
Everyone in business today is being asked to do more with less. There
is constant pressure to improve performance, maintain growth and beat
the numbers. From large multinationals to independent contractors,
increasing efficiency is top priority. Here are five tips that you will
help you grow your business, without adding more overhead:
Automate tasks with software. Lots of tools are now
available that allow for many manual tasks to be automated. For example,
social media management tools such as Buffer or HootSuite let you queue
up content and have it post automatically. They also let you manage
social media as a team, instead of as individuals. Most blogging
software also has similar functions. Set up content to post in advance,
which frees you up to focus on generating new material.
Related: A Social Media Makeover in Just 7 Days
Email marketing can also easily be automated. Low-priced software
from vendors such as Hubspot and Marketo allow small companies to build
automated customer relationship management systems that rival the
sophistication of what Amazon has had for years.
Consider what other tasks you can automate, such as billing or
accounting. Even public relations teams can set up daily searches to
look for relevant articles based on keywords, instead of reading each
headline one by one.
Focus on scalable channels and ignore everything else. Email
is still the most cost-efficient and scalable channel. Every
organization should have an email strategy. Even the smallest retailer
can effectively use email to drive additional in-store traffic or online
sales. Digital advertising and social media are also scalable and both
require very little money to get started. While it does take time and
effort to build a social media following, once you have it in place,
it’s powerful and effective.
Door-to-door selling, cold calling and other traditional methods of
sales are not scalable. Instead of adding headcount to sales, focus on
giving your sales team more warm leads to follow up on. Make the sales
team more efficient, rather than larger.
Build your business through referrals. Referrals are
a simple way to grow a business. Asking customers for referrals
directly is low-hanging fruit that everyone should take advantage of.
But why stop there? It’s simple to develop a rewards system to encourage
customer referrals. This is a popular technique with many retailers and
consumer brands. But business-to-business companies can also adopt this
by providing incentives or rewards to customers for referrals or
loyalty.
Related: Want to Thrive Like AirBnB and Uber? Build Growth Into Your Company's DNA.
The absolute best way to accomplish this though is to incorporate
sharing into your product. This approach has been exploited over and
over again by many Silicon Valley companies such as Facebook, Dropbox,
AirBnB or even Yelp. Their products require them to be shared in order
to be used effectively.
Be an efficient leader and project manager. Effectively
managing your own time is another key area that will help you improve
the overall efficiency of your business. Focus on efficient business
communications by training people to contact you by email instead of by
phone. Why? Email is searchable, scalable, documented, available 24/7 in
the cloud and there are a host of productivity tools available to
become even more effective with it.
Become a planing ace, and schedule your entire week in advance. In
order to be effective at this, your calendar must be sacrosanct. If it’s
not on your schedule, then the meeting shouldn’t take place. This takes
discipline to implement. Be polite but firm with people and they will
respect it and get on board. Another great tip is to utilize cloud-based
tools such as Dropbox, Google Docs, Asana, Basecamp and Box. This will
allow you to easily share important documents with people and work
collaboratively. With all your files in the cloud, you can work anywhere
at anytime, even without your workstation.
Don’t aim for perfection. Be smart when implementing
any of these ideas. Find small opportunities to test and learn as you
go. Some of these ideas will require a significant amount of investment,
social media for example, before it will yield measurable results. That
doesn’t mean you should give up on it, it means that you need to invest
in multiple areas at the same time. Scale the ones that show results
and nurture the other ones.
Aim to improve the quality over the long term by making each
iteration slightly better. Don’t worry about getting it right on the
first try -- you won’t. It’s repeated often in my office that the first
iPhone shipped without a copy/paste function, and that didn’t stop Apple
from launching it. When in doubt, just remember what’s painted in the
hall at Facebook: “Done is better than perfect.”
Related: Be Prepared: 4 Ways to Outthink Your Competitors
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