10 tactics to bolster your business

With 2022 underway, many have high hopes of a better year ahead.

Image
Data

Rewarding customers for their loyalty is a great way to build the lasting relationships that companies covet.

With 2022 underway, many have high hopes of a better year ahead. The pandemic continues to dictate the near-term direction for households, businesses and the economy. But the arrival of coronavirus vaccines and hopes of more pandemic relief from governments offer reason for optimism.

It may be a long and arduous road to a full recovery from COVID-19. But to help your business survive challenging times and maximize a year of great expectations, we’ve crafted a blueprint of ten tactics to help grow your business.

Top ten strategy tips for business growth:

  1. Build customer relationships for the long haul: Help your customers survive the hard times and flourish when things turn the corner by offering value-add advise and business building opportunities.

  2. Social media outreach: Do you measure social media engagement? Real-time connections through social media can help get the word out for customer-friendly deals or sales.

  3. Join online networking events: Even if in-person conferences were your go-to tactic, you can replicate networking events for a digital alternative. Remember, it may be some time before in-person meetings return.

  4. Consider rewards or loyalty programs: Rewarding customers for their loyalty is a great way to build the lasting relationships that companies covet.

  5. Form strategic alliances: Partner with others whose credibility and expertise can benefit your business. You can build both your customer bases and offer something new.

  6. Widen your international reach: Consider untapped international marketplaces to expand your product.

  7. Take advantage of affordable loan rates: Major central banks have slashed their benchmark lending rates to help nurse their pandemic-hit economies back to health. Many interest rates are at or near all-time lows, making it an opportune time to borrow, spend and invest.

  8. Give back to the community: Consider hosting webinars and share any survival tactics of your own that kept your company afloat during the global downturn.

  9. Know your core customer: Since the customer is king, know what drives them, makes them tick and keeps them coming back.

  10. 5-star customer service: First-rate customer service can set your business apart from the competition and help lead to long-term and loyal relationships.

 

Disclaimer:

Convera has based the opinions expressed in this webpage on information generally available to the public, and such information or opinions are strictly for illustrative purposes only. Business between you and Convera shall be governed by the applicable terms and conditions provided to you before you undertake any transaction or commercial relationship with Convera.

Prêt à prendre des décisions financières intelligentes ?

Remplissez ce formulaire pour parler à un expert.

Pays
Country Codes