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Showing posts from December, 2021

HERE ARE 5 PRO TIPS ON HOW TO RUN A SUCCESSFUL ONLINE BUSINESS

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  Basically when you start an online business , you start with the vision  that it will grow and become successful. Sometimes we don't have the skills and tips to do that and so here are five tips to help you do exactly that. 5 Pro Tips For Running A Successful Online Business   1. Choose The Right Platform+Theme For Your Website Choosing the wrong platform to create your website will not only cost you heaps of money but also confines your potential to grow and succeed as an online seller. There are many platforms available online that you can use to build your ecommerce store from scratch. Before you finalize any platform for your business, make sure you conduct market research and know your needs. After choosing the right platform, the next step is picking up a theme that enables you to provide a seamless customer experience. 2. Set Your SEO Strategy. You can't progress as an online business despite having the best products in the world if your customers can't find you on

WANT TO BECOME A ENTREPRENEUR, LEARN THIS FEW THINGS FIRST.

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  Before becoming an entrepreneur take to account this 5 Qualities to consider.   Here are 5 qualities that any entrepreneur should have:   1. Proper resource management No budget is unlimited, and that is why you have to be careful with how you manage and distribute a finite number of resources. Know your leading indicators and the priorities of each. 2. An eye for detail When it comes to business, there is no such thing as a small detail. In a world of knockoffs and copies, the little things can help give your company a sense of identity. 3. Be exceptional While there are a lot of original ideas out there. Fact is, you don’t have to be original. You just have to be exceptional. Don’t just copy website business ideas from other companies. Just poke holes in their business and innovate it into something better. 4. Fortune favors the bold At the end of the day, no business plan is foolproof. The market will always imply risk, and playing it safe may inhibit progress. Look for ways to cr

TOP 5 REASONS WHY YOUR BRAND NEEDS LOYALTY PROGRAMS

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 The Hidden Secret To Brand Awareness. As brands constantly invent new ways to engage with their audience, customers are concurring with new technology faster and faster. They expect a higher form of a relationship with their brands. To succeed, you need to create an engaging customer experience. A well-designed and well-executed loyalty programme c an help you retain existing customers, attract new customers, reduce turnover and drive profits. Customer loyalty should be easy. And, by combining the ability for customers to pay for goods and reap the rewards via the same marketing channel, it really is easy. There are 5 primary reasons why your business should have a loyalty program:- #1. Grows your business through referrals The first stage of operating a successful business is chasing and maintaining customers. Without them giving you their money, your business ceases to exist. The second stage is one that, sadly, many businesses never get to getting current customers to bring in mor

4 EASY WAYS TO TURN HATERS INTO BRAND AMBASSADORS

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 Creating Loyal Funs for Your Brand. When you run a business, it's crucial to build a reliable customer base. The only way to do so is by cultivating customer loyalty and giving your audience a reason to keep coming back.  When we start a business, something that we've poured our heart and soul into is on the line for praise and criticism. Customer feedback can be wonderful. And it can be painful! Either way, it matters. Good reviews are good news , naturally. But the story doesn't end there. Walk with me as I take you the best methods to turn your haters into the most loyal customers:- #1. Always respond This one is tough, but you should respond to every negative comment you find. Acknowledge the customer's feelings and give them someone to contact. Offer a resolution or something to make it right, if you can. This will be sufficient for most customers, who just want to be heard. Others will keep on yelling. Don't get into a shouting match. Respond once, or twice

TOP 5 CAUSES OF CUSTOMER CHURN

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 Customer Relations in Business. Every successful business tries to follow a customer-centric approach to retain its existing customers. It's important because it's a costly affair to attract new customers than retain the existing ones.  Moreover, it's an easy process to convince them to become your brand advocates that will further help you in spreading positive word of mouth. Before you can begin to reduce your customer churn, you must first determine the reasons that your customers have stopped purchasing from you. That means you need to figure out how and why customers are dissatisfied with your services. Let's try to understand some of the common causes of customer  churn that every organization faces.  #1. Poor onboarding One reason behind customer churn is when your customers don't find your products valuable. If your consumers are not finding the products, services or software valuable, then it might be because they are not able to locate or understand fea

5 TIPS TO REDUCE CUSTOMER CHURN

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 Customer Relations in Business. Customer churn is the percentage of customers that ceased using and purchasing your organization's products or services during a specific time frame. Churn rate is calculated by dividing the number of customers you lost during a time frame, such as one quarter, by the number of customers with which you began the time period. There's nothing more satisfying than closing a deal with a customer . However, there's nothing more disappointing than losing a customer forever.  Reducing your churn is an ongoing struggle and will continue to be for however long your company exists. But that doesn't mean that you should give up the fight. By focusing on the customer experience after a client has moved through the sales funnel, enterprises can reduce customer churn.  Here are 5 key churn management strategies that can reduce customer churn and improve customer retention :- #1. Provide outstanding customer service and support A big reason why custome

TOP 5 STAND-OUT CUSTOMER RETENTION BENEFITS

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 Business Growth. It's hard to believe that so many companies still devote most of their resources to new business . Don't get me wrong, a new customer is always a worthy pursuit. But this laser focus on the present often comes at the expense of the future. The benefits of customer retention are sometimes lost among the hype and excitement that surrounds new business acquisition because the truth is, it's just not as fun. Here are the benefits of customer retention, walk with me:- #1. Cheaper than acquisition While the old adage about ''it costs five times as much to acquire a new customer'' may not be accurate in every case, the basic principle is spot on: it's more cost-effective to keep someone in the fold than to bring in new customers. Even still, if it's data you want, there has been plenty of research into acquisition vs retention and every one of them has come back with the economics favoring retention as the more economically viable focus. O

5 BIG REASON WHY YOU SHOULD START AN ONLINE BUSINESS TODAY

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  Throughout the course of history there has never been an easier or better time to start your own business then there is today.  With the development and growth of easy to use website creation tools and social media everyone is connected together regardless of their income status or geography.   Weather you’re rich or poor you now have the ability to share your skills and connect with people all over the world for free.  And for those looking to build an  online business  it can be extremely inexpensive and very easy to get started. In fact there are many wonderful benefits to starting your own online business from earning additional income and gaining more freedom to helping others achieve their own personal goals; however in order to keep things simple and to the point I will only go over 5 of the many wonderful benefits you can experience by starting and owning your own online business. Note : For those eager to get started NOW here’s an excellent  visual guide on How to Start Your

6 STRATEGIES TO RAISE CAPITAL FOR YOUR STARTUP

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 Funding Your Business in Kenya. According to a recent study, over 94% of new businesses fail during the first year of operation. Lack of funding turns to be one of the common reasons. If you are looking for ways to raise capital for your new business , you're not alone. The salient requirement for any business to prosper is nothing short of capital. This is because capital is the basic ingredient for any business to thrive. Here are six ways to raise money you need for your startup. #1. Bootstrapping your business In order to succeed in your first time out in your business startup, you must ensure that you have some saved up funds you can easily access or funds you can obtain from friends or family. The process of utilizing personal saved up funds or funding from friends and family is known as bootstrapping or self funding. Obtaining funding from family and friends and family is a unique way to kick off your startup. Friends and family are usually flexible when it comes to servici

WHAT IS INVESTMENT?

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  What is Investment Definition?  An investment is essentially an asset that is created with the intention of allowing money to grow.  Investment may generate income for you in two ways. One, if you invest in a saleable asset, you may earn income by way of profit. Second, if Investment is made in a return generating plan, then you will earn an income via accumulation of gains.   Types of Investments  Following are different types of investments  1.  Stocks This includes shares of ownership of any company and helps you earn dividends in return.  When you purchase a stock, you’re buying a share — a small piece — of that company’s earnings and assets. Companies sell shares of stock in their businesses to raise cash; investors can then buy and sell those shares among themselves. Stocks sometimes earn high returns but also come with more risk than other investments. 2.  Bonds  Wondering what is investment meaning in terms of bonds? It means lending your money to an institution or governme

5 FACTORS TO CONSIDER BEFORE INVESTING IN STARTUPS

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 Entrepreneurial Tips Simplified. Investing money in a startup has the potential to yield significant returns, butt it's not a risk-free enterprise. There are no guarantees that a fledging company will take off, and if it fails, investors may walk away with nothing.  Investing in startups is the next hot thing that all investors are talking about right now. But before we get too excited about where to put our money, we need to ask ourselves: how do we maximize the money we make from these investments? This article is going to highlight a few important things you need to consider before slamming your foot on that investment gas pedal. There are 4 factors that you should consider before making an investment! Wrong!  There are actually several factors but today we will discuss 5 key factors to put into consideration. Walk with me:- #1. Required level of involvement The level of involvement that goes along with investing in a start-up directly corresponds to the type of investment. F