Tag: Innovation

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Sales

5 Powerful Yet Practical Tips To Grow Your Business Sales

5 Powerful Yet Practical Tips To Grow Your Business Sales
5 Powerful Yet Practical Tips To Grow Your Business Sales

From small businesses to large businesses worldwide everyone is struggling to boost their sales and has been chasing the holy grail of increased revenue and growing sales numbers. However, selling can be challenging. And, the irony of life is that it is the only way to skyrocket the sales of your business.  Selling is a complex process because individuals are complex and it is difficult to predict your customer behavior.

It has become so crucial for the sustainability of the businesses that many individuals have developed complete businesses out of advising companies on improving But despite all the available assistance by the best corporate coaches in India, many organizations rarely see the value of their sales touching the sky.

So, how can you ensure that the number of sales is always on top? What if you can increase your sales number without having to jump through hoops? What if you find out a simple formula that will help you to increase your business sales?

By using our amazing tips you can increase your sales. Whether you are selling your products online or run a brick-and-mortar business, our sales strategies will help you convert casual visits into sales:

1. Make Your Customer Your Priority

Shape your marketing strategies and communication around your customers. What most business owners miss here is that a customer is not interested to know about a product. They are more interested to know how it will make their lives more convenient.

Conduct research on the current challenges that your customers are facing, then communicate in a creative way how your business can help them to overcome those challenges. By shifting the focus of the discussion on your customer`s pain points, you will come out with a more customer-oriented sales strategy.

2. Be With Clients & Prospects

Sales is a sport that becomes interesting and executes successfully when you are present. Be present with your clients and prospects with an attitude of you are available for any help. These questions and attitudes will help you focus on the outcomes of the other party and will eventually help you to build a solid relationship. You can also consult with the best business coach in India.

3. Give Your Customers a Unique Experience

Treating your customers like king can take your sales volume up, rapidly. It is very important for a customer to feel that their requirements and feedback will be taken seriously. They love it when a business owner remembers small details.

So, if a customer comes regularly to your café, remembering the amount of milk or the quantity of sugar he or she takes will make it special for them.

It is the feeling that brings a customer again to your store or café. According to a Forbes report on average, 7% of consumers expressed some level of frustration when their experience was impersonal.

If you are a shop owner, you can give your customers a personalized touch by greeting them with their names. This tip might appear simple, but it is very effective and will deliver big results.

4. Create Consistent Marketing Strategies

Business does not always grow. There are times when businesses might also go through difficult times. To help a business thrive you should get solid marketing strategies when business is slow.

5. Involve your Customers While Bringing Innovation

Change is a constant thing! It is essential to keep bringing innovation into your services and products. However, there is one thing that every business owner must do- take extensive feedback from your customers. Make your customers an integral part of the innovation by analyzing the ‘ABCDE Model’.

A- Analyze the problems & needs of the customers

B- Brainstorm what exactly your customer looking for in your products.

C- Co-create. Involve your customers when altering a range of products or services.

D- Deliver what promised

E- Evaluate

The model of ‘ABCDE’ is behind Subway`s success. They let their customer decide and select the ingredients of their meals. This way even if a sandwich doesn’t taste good, the customer doesn’t mind because of his involvement in the process.

With our above-mentioned tips, you will see your sales numbers increasing. With our Problem Solving Courses, you can learn about the best sales strategy with zero investment.

Learn to generate high revenue earning products for sales, generate payment links for customers, managing account-related details. Solve your problems in just one click: https://www.badabusiness.com/psc

Categories
Startup Strategy

‘Innovation Culture’ Important for Performance and Resilience of Indian Businesses, Shows Study

Innovation important for business resilience, shows study (Photo Credits: Pixabay)
Innovation important for business resilience, shows study (Photo Credits: Pixabay)

Any firm that aims for a long-term survival and growth, innovation is of utmost importance. Owing to rapid changes in the macro and micro environment of business operation, a firm needs to be flexible and accommodating to new opportunities and threats. A dynamic and innovative attitude becomes important for an overall development and existence of the organisation. The outbreak of COVID-19 pandemic, for instance, is one such situation where innovation was highly desired for to keep the firm afloat.  According to a recent study by Microsoft and IDC, 77 per cent of Indian organisations have found innovation to be critical or important to their performance and resilience, amid the worldwide pandemic. Around 439 business decision makers and 438 workers were surveyed in India within a 6-month period, before and since COVID-19 outbreak.

The study concluded that the businesses in India have increased their ability to innovate by 4 per cent in mere six month time period, as it became essential to cope up with the threats of the external environment. It also revealed that around 78 per cent of the Indian organisations are speeding up digitalisation in a variety of ways to adapt to the new reality. Thereby launching digital products and introducing digital payments, and increasing moving towards e-commerce and automation by adapting the innovative culture in businesses. As a result, Indian companies are aiming at increasing their revenue from digital products and services to 50 per cent in the next three years from 36 per cent at present.

“Innovation is no longer an option, but a necessity. We have seen how the recent crisis has spurred the need for transformation; for organizations to adapt and innovate in order to emerge stronger,” Rajiv Sodhi, Chief Operating Officer, Microsoft India, told reporters in a virtual round-table. “We commissioned this research to gain better understanding of the relationship between having a culture of innovation and an organization’s growth. But now, more than achieving growth, we see that having a mature culture of innovation translates to resilience, and strength to withstand economic crises to recover,” he added.

Since the external environment, amid the COVID-19 outbreak, has necessitated the innovation and diversification of business operations and its products, more and more firms are looking for opportunities and areas to innovate. According to the survey, 64 per cent of respondents acknowledged that innovation has become easier in the post-COVID-19 era. Prior to the pandemic, only 32.5 per cent of Indian business found innovation in their products and services easy. The study introduced the culture of innovation framework, which spans the dimensions of people, process, data, and technology, to assess organizations’ approach to innovation.

According to the survey, as much as 45 per cent of the Indian organisations feel that their priorities for the next 12 months will be to focus on technology as most essential for business resilience and recovery. Some best practices will include developing a culture that promotes investing in disruptive technologies and leveraging data to differentiate and enhance products and services, the study said.

 

 

 

Categories
Business motivation Motivational

World Entrepreneurs’ Day 2020: Celebrating Entrepreneurship, Innovation and Leadership by Spreading Awareness

World Entrepreneurs Day 2020
World Entrepreneurs Day 2020. (Photo Credit: http://www.worldentrepreneursday.org/)

An entrepreneur is someone who plays a vital role in developing the nation’s economy by solving the issues of unemployment and generating awareness regarding entrepreneurship. On Friday, the global fraternity will celebrate this day to honour these entrepreneurs, who work hard each day to innovate something new and lead from the front to boost the country’s financial situation.

We all know that India is affected by the coronavirus and its economic situation has taken a roller-coaster ride in the past few months. However, Indian entrepreneurs are trying their best to cope-up with financial instability. Not only these entrepreneurs are pacing up India’s economy with their latest innovations, but are also spreading awareness through their leadership skills. World Entrepreneurs’ Day 2020 allows honouring these hardworking entrepreneurs for all their efforts to keep India’s business sector move forward.

The special day is dedicated to founders, managers, producers, contractors, industrialists, innovators, administrators, designers and producers. As per Global Entrepreneurship Development Institute (GEDI) data, India currently stands at 68th position — out of 137 countries — in entrepreneurship development.

Considering the significance of entrepreneurship, entrepreneurs need 3 Cs for success — capital, courage and conviction — to grow their business in the global market. It is said that without an enterprise and entrepreneurs innovation, productivity growth and new jobs are unthinkable. Through the World Entrepreneurs’ Day 2020, events like conferences, workshop and meetings, can spread awareness regarding leadership, innovation, creativity, design, entrepreneurship and other related topics.

Here are some tips to celebrate and honour entrepreneurs on World Entrepreneurs’ Day 2020:

1) Enterprises can organise conferences, workshops and meetings at various platforms. Through this, they can generate awareness regarding entrepreneurship and leadership.

2) Business Schools can organise conferences by collaborating with large enterprises. During the conferences, successful entrepreneurs can share their experiences with the upcoming entrepreneurs and motivate them.

3) Business firms can provide discounts and promotions during the World Entrepreneur’s Day.

4) Radio and television networks can prepare programs to highlight the importance of entrepreneurship. Also, talk shows can be scheduled to educate the population about entrepreneurship.

5) Universities, government organisations and private firms can organise a group seminar or workshop regarding government policies and hurdles associated with it. Also, discussing financial solutions to set up a firm and ways to sustain in the market would certainly motivate young entrepreneurs.

Apart from this, there are several ways to celebrate World Entrepreneurs’ Day 2020. However, the motto behind the celebrations should be spreading awareness and clearing doubts. Experts believe nourishing a healthy startup environment across the country is the most vital part for developing entrepreneurs. On this special day, lets help in igniting new minds and shape them in the right direction.