- -The old style of waiting local clients to show up to your business
This is the last most crucial mistake that many businesses suffer from, that keeps profits on low monthly margin and is one of the reasons to constantly low profits year after year.
Over 90% of businesses today still depend on the traditional way of renting a business premise and simply eject cash to stock products. This used to be a working trick many years ago before the evolution of the digital printing that creates outdoor marketing. An even greater business shift was experienced when the radio and television industry mutated to become marketing hubs.
Having no marketing strategy is a sign of low business. The old style business strategy is putting business men and women out of business at a rapid rate.
- - Having no database or a way to source your past clients
This is the second major mistake that keep business malnourished and failing to make an automated recurrent sales from returning clients. Many entrepreneurs fail to have a way of creating cohesion to clients, a simple way similar to having a guaranteed monthly check from your business. Creating a new number of clients each day is not healthy for businesses today. Actually, it’s harder to make a new client than to retain an old client! Just by ensuring there is a reason for your clients to stick to your business is a trick that could increase your daily, weekly or monthly earnings drastically. Another thing, the clients that show up and look closely at your product or evaluate your service and leave without buying could be your most targeted customers in future compared to those who buy quickly and leave. According to the business trends, such clients may have been discouraged by a similar product or service elsewhere and may be looking for better options or more trusted businesses to be shopping for that product.
If you do not have a database of your clients and the big numbers of those who come to your business never get back frequently in future for shopping, you lose a big size of your business. In fact, if you are running your business using the style number 3 in the first page, your sales volumes will keep lowering with time if not making you to close down eventually.
- -Lack of enough customers and low business volumes
This might be the greatest mistake even the smart business men and women make that keeps the business from growing. However, the 2 previous mistakes are major causes of low business growth. Rectifications to these mistakes create a great platform for working out meaningful ways for business growth. Success of growing your massive business no matter your niche is almost sure. In other word, solving this last problem first can easily lead to business systems creation and automatically enhance the eradication of the other 2 major problems. This means that your business gets some level of automation to free your time from its constant attention. This may also save you from high business running costs and ensure that you only concentrate on the products that are converting to profits fast in your business.