Pulse List: 3 ways to scale your business and make more money
Scaling a business and making more money is not a mean feat. It will be hard and there will be many stumbles.
Every entrepreneur longs for two things: more time and more money. You need time because you need to be able to balance running a business with family, friends and a happy life. You need money to run ads or pay employees or invest in your business.
While you cannot get more time because its literally impossible, you can leverage on these following strategies to scale and grow your business.
Organise a contest or giveaway: Contests and giveaways are a quick way to market. Free stuff motivates people and they will want to participate in anything that involves a potential windfall prize. Remember that your giveaway has to be worth it if you are going to collect all-important contact information. Also be careful not flout laws surrounding promotions and such in your state.
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Get on social: Social media offers one of the most abundant opportunities to scale your business no matter what kind of business you are running. It also offers a way to tap into the world’s interconnected population, quickly and effectively. Obviously amassing a large following is not easy but that shouldn’t stop you from setting a content channel where you can spread the value of your products or services across social media to raise awareness and visibility.
Hire commission-based sales reps: A lot of businesses cannot afford to hire a full sales team. If you fall in that category, you can opt for commission-based sales reps to help provide a stepping stone to the next level in your business. However, you can’t just hire them and forget them. You have to ensure that they are trained properly so they can bring maximum value to your business. Walk them through your entire business and use their knowledge to your advantage as a means of scaling your business.
Scaling a business and making more money is not a mean feat. It will be hard and there will be many stumbles. But these tips might just do the trick so be sure to put the into practice and share your success stories with others in the comments section below. Happy hunting!