How To Grow Your Small Business In 2021: 4 Essential Tips
2020 was a challenging year for businesses everywhere. But with January upon us, now’s the perfect opportunity to turn the page and double down on our business endeavours.
After all, if you’re not growing, you’re dying. And with 45% of new start-ups failing within 5 years, none of us can rest on our laurels for long! Do you want some expert advice to help you drive sales, boost profits, and meet your business goals this year?
Read on for 4 essential tips on how to grow your small business in 2021.
1. Hunker Down
The cornerstone of any effective operation is capital. Alas, after a tumultuous 12 months, countless small businesses are more strapped for cash than ever before. That's why the first step to growth for many owners in 2021 will be survival.
Hunker down and do whatever it takes to secure your financial situation. That might involve reducing your workforce, reviewing contracts, selling certain assets, or even taking a pay-cut. Cull your overheads however possible and you’ll cultivate a solid foundation from which to grow.
2. Personalise Your Online Marketing
Personalised online marketing will be crucial to success in the year ahead too. Trust us, generic marketing efforts fall flat every time nowadays- especially when you haven’t earned the trust of your audience.
Something as simple as using someone’s first name in an email can make a big difference. Another example would be tailoring recommendations for someone based on their previous purchases (just as Netflix and YouTube suggest films and videos based on your viewing history). However, any attempt at personalising your marketing efforts will a) build rapport with consumers and b) drive conversions down the line.
3. Create More Content
It’s time to scale up your content marketing efforts as well. For one thing, it’s free, which is an obvious boon in tough financial times! You can rank content on SERPs and drive traffic to your website without spending a penny.
Yet content’s also an amazing way to provide value to your audience. It doesn’t matter whether you make videos, write blogs, or record podcasts. Distributing content online (at scale) will generate newfound awareness, earn peoples’ trust, and turn you into an authority in the industry.
The best part? It’s only a matter of time before that brand equity translates into sales.
4. Hire a Business Coach
One of the best small business tips we could ever give is to think about hiring a business coach. Indeed, top coaches have years of experience running and growing small businesses just like yours. Experts at their craft, these guys and gals will dedicate themselves to levelling up your operation.
They’ll take a look at your goals and create a customised strategy to help you attain them. They’ll keep you on track, ensure you execute, and deliver expert advice every step of the way.
Exactly How to Grow Your Small Business in 2021
Have you been wondering how to grow your small business after the challenges of 2020? Well, we hope the tips in this post will prove useful in this regard. Take action on what we talked about and you should be one step closer to seeing the biz dev you deserve this year.
Oh, and here’s a parting gift from us to you! Click here to claim a free lead gen strategy consultation and skyrocket your business growth now.
