During a slow economic time, perceptive companies look for ways to enter new markets and expand their business. Here are some ways to grow today, and ensure that you emerge positioned for the inevitable boom that will come.
- Introduce or expand your e-business services. This is a great time to enhance your web site and your professional image.
- Look for ways to attract new customers with your web site. Think of this as adding another sales person without the overhead of hiring an additional employee.
- You may want to offer existing customers an option to enter their own orders on-line. The benefit to your customer is that they can place orders 24 hours a day, 7 days a week. The benefit to you is a reduction in the amount of time your sales staff spends each day answering phone calls and entering orders. The cost savings to you can be substantial.
- Look for additional products or services to offer your existing customers. If your products have warranties, this might be a great time to offer preventive maintenance contracts or other types of services that can add to your revenues.
As you can see, this is a great time to consider business opportunities and additional services to improve efficiencies and grow your business.