January 2021 – Page 11 – Bada Business

Planning To Start a Business in Beauty Sector? Here Are 4 Tips You Should Know Before You Begin

The beauty sector is among the fastest growing sector. This sector is witnessing constant innovations as new beauty products and services are being launched at regular intervals. Despite the uncertainty that COVID-19 has brought, the beauty and cosmetics businesses have skyrocketed. Over the next few years, the beauty market is expected to continue to rule the retail industry. If you are planning to try your luck in this sector, then this is the best time to get started. This could be a great year for those who want to try their luck in the market. One thing that you should keep in mind is that starting a beauty business can also prove dangerous if managed with poor planning.

Keep Up with Trends

You need to be really well-informed about the latest beauty products in the market to keep your game up the mark. You can’t really run a successful beauty business without following the latest or current trends. This is a very competitive market and you need to always be one step ahead of your competitors. If you are new to this sector, you can subscribe to a variety of well-known beauty/fashion websites to stay updated on their latest products.

Choose a Product

The most important thing that you need to do is ‘Choose a product’. You have to decide on a product that you can create with a unique touch which will make you stand out from the rest in the market. Try and understand what interests you the most and also ensure there is a demand for what you want to produce. Start with only one or two cosmetic products before growing your business. By choosing one or two beauty products, you can perfect the process and know about the wants and needs of your customers.

Use Technology to Spread The Word

In this digital era, consumers use various channels to shop. People are highly dependent on online shopping and have become really techno-savvy. Thus, make sure you make it easier for them to find your brand online. Make your brand visible via online mode and target your consumers by promoting your products through social media platforms like Facebook, Instagram, WhatsApp among others.

Get Funding

If you are planning to start a business, it will requires a healthy amount of investment to get started. Try and meet people who you think can sponsor things to help you grow. For cost-cutting and to get a hang of things, you can opt for second-hand equipment for your business. If you are planning to take your business forward with an investor, determine if you want a partner who is hands on or you want a silent investor. Investors could be family members, friends or business associates.

Planning to Start a Tourism Business? Here Are 4 Revenue-Boosting Tips for Small Businesses in Tourism

The tourism sector in India is going to be the next growth driver but to achieve that, it needs to survive the impact of the COVID-19 pandemic and emerge to be one of the leading industries in the country. As the country battles the coronavirus pandemic, every sector that has been hit hard is limping back to normalcy after the government has eased the restrictions. At present, each vertical of the tourism industry is under deep stress and hopes to revive in the coming year.

The travel industry is booming with small tourism businesses now. So if you are planning to start a tourism business, the New Year is the best time! There you have it, now it’s time to get marketing, so don’t hold back. Here are 4 revenue-boosting tips for small businesses in tourism.

Expand the business beyond your website

People usually review a place when they wish to plan a travel. A thorough study is done of the location and what it offers. Online searches have become increasingly competitive, even amongst the big companies. One way to expand your business beyond your website is tie up with third party-platforms which provide an online marketplace for travel experiences. They can offer a lot of exposure, for small travel companies and demand a small commission.

Build a Discussion Platform on Social Media

Social media interaction is growing and you need to just talk about your website and promote it to people across groups. People visiting your area will have plenty of questions that they need answered before they come. Create a discussion platform where people can come and discuss out places they want to visit. A great way to supercharge your tourism marketing is by creating a discussion platform around your Facebook page.

Create Awesome Destination Videos

Videos help a lot in spreading awareness. The world is moving into a digital era and is more inclined to video content more than just reading about things. Videos have a potential to convey a lot of information in very little time, so it’s a great way to showcase about what you can offer to your customers.

Generate interest about a destination with online quiz or a challenge

Challenges have become a well-loved internet sensation and attracts a lot of people at the same time. Promoting your business cannot get as easier as this one because people are far more likely to participate and share with their networks. One thing that you need to keep in mind is that you should create a fun challenge related to your niche.