Aggressively Growing Your Buiness · Aggressively Growing Your Business ©2017 7Aggressive Growth...
Transcript of Aggressively Growing Your Buiness · Aggressively Growing Your Business ©2017 7Aggressive Growth...
A White Paper Guide from
Aggressively
GROWING
Your Business
TAILOR-MADE STRATEGIES THAT WORK FAST
Aggressive Growth Marketing ©2017
www.aggressivegrowthmarketing.com | +44 020 7692 8960
CONTENTS
EXECUTIVE SUMMARY .............................................................................. 3
Why does growing your business matter?........................................ 3
THE PROBLEM WITH BUSINESS GROWTH ............................................ 5
What does it mean for a business to be stagnant? ......................... 5
DEVELOPING GROWTH STRATEGIES ..................................................... 7
Strategies for Development ................................................................ 7
1. Market Penetration ................................................................... 8
2. Market Development ................................................................ 8
3. Diversification ............................................................................ 9
Fundamentals for Growing Your Start-Up ...................................... 10
1. Start Small ................................................................................ 11
2. Networking ............................................................................... 12
3. Content ..................................................................................... 12
4. Email ......................................................................................... 13
5. Social Media ............................................................................. 13
CONCLUSION .......................................................................................... 14
Aggressively Growing Your Business ©2017 Aggressive Growth Marketing 3
EXECUTIVE SUMMARY
Every business, whether big or small, shares the same
problem: finding ways to make the business grow. This is
true, especially for small businesses because most start-ups
and small businesses struggle to make it through to five
years.
So, what can start-ups and
small businesses do to grow
and survive? If a business does
not prepare for the future, how
will it grow?
This white paper argues that small businesses need to take
risks to achieve growth. By developing a growth strategy and
making strategic moves, both small and large businesses can
have a profitable future.
Why does growing your business
matter?
Growing your business matter. A business will not reach
sustainability if it does not understand the fundamentals of
business growth. Furthermore, growth is vitally important for
the success of every business.
Researchers have also confirmed that small businesses that
have a growth strategy and a defined purpose, are the ones
who are more likely to have a steady growth.
So, how can businesses develop a growth
strategy? And what are the fundamentals
of growth for small businesses?
There are many ways to develop a growth strategy, and a
business needs to be able to figure out what works best for it,
since what works for one company might not work for
another.
This white paper provides further insight as to how you can
develop a growth strategy for your business. The five
fundamentals of growing your business is also unveiled and
made available to you.
Aggressively Growing Your Business ©2017 Aggressive Growth Marketing 5
THE PROBLEM WITH BUSINESS
GROWTH
Most business owners cannot figure out what their values are
and what they can provide to differentiate themselves from
other businesses. They do not know who their ideal
customers are, so they cannot keep focus on growing their
businesses.
Identifying key areas of growth, can be challenging for some
business owners, so they cannot dedicate their time or input
more money in those avenues. These problems cause
businesses to become stagnant.
What does it mean for a business to
be stagnant?
To remain stagnant, means that the business is not growing.
The thing is, some business owners have stopped learning
and have taken a step back. They have no strategy to develop
their business but for a small business to grow and survive, it
needs to develop a growth strategy. It needs to have goals
that are realistic and achievable because without knowing the
direction your business is heading in; it will fail.
Therefore, it needs to develop a strategy to help it grow.
There may be some risk involved, but
without taking risks, you won’t get
anywhere, and isn’t keeping your business
alive worth the risk?
The problem is that, some small business owners are afraid
to take risks. They believe that they will lose everything if they
try something new. But not taking a risk, can also cause your
business to fail.
If you are not willing to work on that new idea for your
company, or launch a new venture, the opportunity that
awaits your new idea will never come true, and you will never
grow.
So, you need to take a chance and start thinking about
developing your growth strategy. Remember, according to
Henry Ford:
“The only real mistake is
the one from which we
learn nothing.”
Aggressively Growing Your Business ©2017 Aggressive Growth Marketing 7
DEVELOPING GROWTH STRATEGIES
There are many ways to develop your growth strategies. As
mentioned before, whether you are a small start-up or big
business, you need to identify the key areas in which you
think your business needs improvement and then work on
improving those areas.
Strategies for Development
As an existing or small business owner, you should know by
now what your values are and what you can provide
differently to stay ahead of your competitors. These are some
of the things that you need to know:
• What your current revenue streams are and determine how
you can add more revenue for your business to be more
profitable.
• Stop focusing on the weaknesses, and focus more on the
business’s strengths.
• Know who your ideal customers are, focus on them, and try
to satisfy their needs.
Once you know these areas, then work on strengthening
other areas of the business growth strategy, such as:
1. Market Penetration
You can increase the market share of a current product
by improving the product or developing a new
marketing channel for it.
Increasing market share simply means that you will
increase the percentage of shares that you have in the
total market for products and services. For example, if
you gain £2 million for your annual sales, and the total
sales for the year in your industry is £200 million, your
company’s market share will be 2%. Therefore, your
aim would be to increase your market share.
There is not much of a risk associated with market
penetration, because it’s just a business growth
strategy to help you to focus on increasing marketing
and sales. However, it is the first step towards business
growth.
2. Market Development
Market development means determining new markets
for current markets and products. Your main aim in
market development is to target customers in your
industry who are not buying. Try to get them as
potential buyers.
Aggressively Growing Your Business ©2017 Aggressive Growth Marketing 9
3. Diversification
Diversification can also be considered. This involve
developing new products that fall outside of the
business’s current offerings and would broaden its
portfolio.
Choosing the right growth strategy will require thorough
research, evaluation and planning as well as careful market
analysis.
“Market Penetration is
the first step towards
growth”
MARKETING AND GROWTH HACKING
Every new business owner gets excited about a new business
venture. Then, after some time, reality kicks in and they
realise that managing a business is not as easy as it may
seem. It can be a very tricky thing to market the business and
to make it grow.
So, what can new business owners do to
grow their business and to reap success?
Fundamentals for Growing Your Start-
Up
Here are five top tips in marketing and growth hacking to
help you to grow your startup.
5 Fundamentals
ofGrowth
Start Small
Network
Social
MediaEmail
Content
Aggressively Growing Your Business ©2017 Aggressive Growth Marketing 11
1. Start Small
The one mistake that many start-ups make is to try to
market everything at once. It’s better to start off
targeting a small niche of consumers first. After a
while, if that goes well, then you can consider
expanding your range and start marketing to more
people.
Focusing on just a small niche
might work out best for you.
For example, when Dale
Carnegie wrote his book “How to Win Friends and
Influence people,” that was published in 1936, he had no
idea that what started as just a short talk and a few
notes on a piece of card would have gained him the
recognition he has today. What he did was to focus on
starting small before gradually expanding.
Another perfect example of a business that started
small and is now a multi-million Pound company is
Coca-Cola. Coca-Cola started out selling just nine
drinks per day during the first year of business, and
today, Coca-Cola is a household name, selling more
than 1.6 billion dinks per day.
“The best things we come
to know and love, started
as small things”
– Joel Gascoigne
2. Networking
This should be one of the top things for anyone
starting out to do.
o Build an online network with key influencers
within your industry. It can be a very powerful
thing to have people share your brand, just
because they want to.
o Get out there and “meet” people.
o Be socially active with influential people.
• Follow their blogs and social networks and
comment on their posts.
• Share their posts with your friends.
• Engage with them and make them notice you.
But don’t be a pest about it.
• Show them you care about them and their
work, and that they should care about you,
too.
More tools are available online that can help you find
influential networks and bloggers in your industry
based on your product’s keywords.
3. Content
Always remember that content is king.
o Publish your content regularly. It can be
anything, but at least some of it should be
related to your industry niche, and your content
should also be relevant to your potential
customers. Post things they’ll be inclined to
share with family and friends.
o Make sure your posts contain keywords that
SEO will pick up so your site ranks higher in
searches.
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o Use images and videos. This will catch their
attention and help them feel like they’re
engaging with you.
o Publish “how to” guides. People like guides to
help them with things. Making them
downloadable is even better.
4. Email
Email marketing is an effective way to get more
exposure.
o Build an email/subscriber list, if you don’t have
one yet. This is as easy as placing an opt-in form
on your website or landing page.
o Offer some sort of incentive for them to sign
up for your newsletter or email automation
workflow.
o Host contests, this is a great way to gather e-
mail addresses. Once you have them, you can
keep in touch with them, offer them periodic
specials, etc., to keep them engaged with you.
5. Social Media
Almost every business is using social media nowadays.
But not all social media sites are for everyone. For
example, Instagram may work well for someone in the
fashion industry, but not for a technology company.
o Use social media to amplify your content.
o Find the networks that will work best for you.
o Post relevant content that people will want to
share.
o Respond to comments and messages in a timely
manner.
o Be active and engage with your followers.
CONCLUSION
Don’t be afraid to take risks. Identify and work on the areas of
your business that needs to grow and use business growth
strategies such as:
• Market Penetration
• Market Development
• Diversification
Remember to apply the five fundamentals to market and
grow your small business:
• Start Small
• Networking
• Content
• Social Media
Once you are persistent, you will reap excellent results.
We Innovate. You Escalate.
Forward thinking marketing that will grow your business in 7 days
We are called Aggressive Growth Marketing for a reason. Our team
offers services that are designed to stimulate clear, measurable results
within days.
Kelly Bolton
Founder and Director www.aggressivegrowthmarketing.com | +44 020 7692 8960