small business growth hack

3 Simple & Effective Growth Hacks for Every Small Business

Having a successful business is the dream of every aspiring entrepreneur. But let`s face the truth. Scaling and expanding your business is difficult. Initially, it means wearing multiple hats, sometimes all at the same time.

Sometimes it means understanding taxes and corporate compliance. Other times, it could also mean juggling between sales and marketing. It will also require you to interact with customers daily to create a meaningful customer relationship. And so much more!

At the end of the day, this tiring process will drain all your energy. However, if you want to scale and grow your business, there is still light at the end of the tunnel. All you need is to de-clutter your mind and shift your perspective a little to identify the most effective business growth hack.

Though, there are many existing growth hacks, here is a list of 5 strategies that will take your small business to the next level efficiently and quickly:

Stand Out of the Crowd

Creating a unique experience for customers is necessary in the business world. There must be plenty of other business owners selling the same product as yours. Then why a customer should buy your product?

How your product will solve the immediate problem of the consumer in the market will make the ultimate difference. Sell the benefits and tell your target customer how their life will be changed after they purchase your product. Consumers want to know the stories behind your product, and not about your product.

Research Competitors

“Keep your friends close, and your enemies closer”. Knowing about your competitors is necessary to stay ahead. Hence, do a market analysis and research about your competitors. Find out their key selling points and build a strategy that will work for your product. This is an excellent growth hack for small business owners who are in the early stages.

Innovative & Personalized Marketing Strategies

In this digital age, creating a marketing strategy that is tailor-fit for your brand is a little tricky. But, if done properly, it can fetch more customers and boost sales. Small business owners can deploy creative growth hacks to pull more customers to their platforms by email marketing, product recommendations, visually appealing ad creative, and identifying high lifetime value (LTV).

Most of the business growth hacks state with a simple idea that emerged in the conversations. These growth hacks, if implemented quickly, can be quite effective for small business owners. A planned approach is necessary to scale these experiments.

Learn what works for what, not for your business. Find a customized business strategy as per your requirements with our Problem Solving Course. Click here to learn more: https://www.badabusiness.com/?ref_code=ArticlesLeads.

10 Growth Hacks Every Small Business Should Know

Are you looking for a perfect growth hack for your business?

Growth hacking
is a quick experiment for your business to identify the most efficient method for achieving growth. Hacking in terms suggests a clever way to produce higher growth result through shortcuts. An ideal business growth hacking aims is to increase the customers by keeping the investment low.

Let take a look at some business growth hack that every small business owner should know:-

1. Prioritize content marketing.

According to research, content marketing costs 62% less and generate 3 times more lead than any other traditional marketing.
Useful and engaging content can represent your business as an expert and can also help you building relationships with your customers.
Clean and to the point content with a call to action helps to monetize the traffic. This is the best small business growth hack.
Improve your SEOs and convert your visitors into your customers.
The high-volume and low-competition keyword of your blog/articles can attract more audience to your site.

2. Use Facebook and Google

Research says that the average customer makes nine visits to your site before purchasing anything, so you just need to retarget them.
Google and Facebook involve a pixel, you add to your website that enables you to show the target ads to your users who have previously visited your site.
Also, previous visitors to your site, who are browsing other sites too on the web, will see the ad of your business which encourages the visitors to come back to your site.

3. Show social proof

Most of the customers look for reviews before purchasing anything.
Let your customers know how many companies and people are using your product and services.
Display testimonials and comments from some of your satisfied customers on your website.
Customers buy from the company or place they trust, so the social proof is very important as a small business growth hack.

4. Use exit-intent coupons

Offering visitors a coupon is a great way to encourage people to make a purchase.
People love getting any coupons or deals, so not many will pass the opportunity.
Exit intent popup is a great way to grab your visitor’s attention when they are leaving your site.
Improve your bounce rate and boost your conversation with this amazing tool.

5. Use content upgrades

A content upgrade is a freebie within the post that relates to a blog post topic.
Providing content upgrade is a great way to grow your email list.
Content upgrade popup encourages your visitor to click the post in exchange for their email.

6. Use call to action on social media

With the help of a call to action, you can increase your likes, views, and shares on your social media handles.
You can also direct the customers to your website to sign up for your course or to join your mailing list to get regular updates.
Make sure that your call to action is clear and easy to understand.

7. Introduce a referral growth hack

Users who refer a friend will get a freebie or the person who signs up from the link will get a discount coupon will get visitors at your website.
Create a perfect reward/referral campaign and offer giveaways to increase the numbers of the referral.

8. Fear of missing out

Insecurity is the best tool to attract new customers.
Limited access to a service or product can trigger the emotion of missing out fear which can lead to having higher sales.
Fear of missing out strategy is all about offering the exclusive service or a product.

9. Launch a free model

Know your most effective distribution channel and how to deliver the content digitally.
One of the most effective strategies is to offer a basic service for free.
You can give your user a choice to apply for a premium membership to unlock the advance features; this was the biggest hack behind Spotify’s success. It was making money from cash subscriptions and ad revenues.
You can also offer early-bird discounts to your customers; this can be a very effective growth hack.

10. Ask for the feedback

There is no better way to figure out what is working and what’s not by asking the customers directly.
With the help of feedbacks, you can always improve your business, customer service or user experience which can boost your sales too.
Send regular mail and have a feedback popup on your website, who have purchased recently.

So these are a few amazing growth hacks that every small business should know. Instead of wasting your time in other ineffective marketing, these strategies are a smart way to scale up your business.

A growth hacking strategy is not about just driving demand; it is about addressing the pain points and giving the customers what they want.